NewsRoom Articles - Page 10 of 129

TuesdayJul 22, 2025 10:00 am

Tesla Announces Comprehensive Incentives, Discounts for its US EV Buyers

Texas-based electric vehicle manufacturer Tesla has announced a broad slate of new incentives and discounts for American customers in an effort to boost weakening sales in the domestic market ahead of the expiration of federal EV tax credits. The federal tax credit, worth up to $7,500, has been key to making battery electric vehicles (BEVs) more affordable for the average U.S. buyer. As the top EV brand in the country for over a decade, Tesla has indirectly benefited from the program, with buyers collectively claiming more than $1.5 billion in tax credits on Tesla vehicles. With those credits set to…

FridayJul 18, 2025 10:00 am

An EV Pullback is Taking Shape in the US

Something worrying is going on in America’s battery electric vehicle (BEV) industry. After years of making ambitious electrification plans, several carmakers in the country are delaying the launch of new models or canceling them entirely, largely in response to the Trump administration's anti-electric vehicle stance. With the GOP undoing most of the EV-related policies set by the previous administration, American carmakers find themselves in an incredibly volatile environment that doesn’t seem to have much support for alternative energy vehicles. The Trump administration first ordered states to halt the previous administration’s $5 billion public electric vehicle charging network project, stopping the…

ThursdayJul 17, 2025 10:00 am

Panasonic Rethinks its Battery Production Timelines in Kansas Amid Changing US Policies

Japanese electronics manufacturer Panasonic is rethinking production timelines for its battery plant in Kansas amidst shifting politics in the U.S. and a decline in battery electric vehicle (BEV) sales. First announced in 2022, the $4 billion De Soto battery production plant was billed as the biggest economic development project in Kansas history. After two years of construction, the 4.7 million-square-foot facility was launched with much aplomb on July 14 in a grand opening that featured a traditional Japanese ceremony for marking new beginnings. Unfortunately, the launch coincides with a period of great upheaval in the American electric vehicle sector. EV…

TuesdayJul 15, 2025 10:00 am

Domestic Competition Pushes Chinese EV Firms to Expand Internationally

With dozens of brands selling battery electric and plug-in hybrid cars in China, competition in the world’s largest electric vehicle market has grown incredibly fierce. Although China’s vehicle market is incredibly vast, there just isn’t enough room for the more than 100 electric vehicle companies that are currently fighting to gain a foothold. As a result, many Chinese electric vehicle companies are looking beyond the country to foreign markets that still have untapped electric vehicle demand. These companies have one major advantage compared to other automakers: their EVs are cheap and affordable. While the average electric car is much more…

FridayJul 11, 2025 10:00 am

Chinese Firm BYD to Commence Vehicle Assembly in Brazil

Chinese electric vehicle giant BYD is set to begin assembling battery electric vehicles (BEVs) in Brazil this year. The Shenzhen, China-based automaker first entered the Brazilian market in 2021 and sold more than 100,000 electric cars before the Brazilian government reintroduced import tariffs on BEVs, hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). With their introduction, BYD risked losing access to its largest foreign market as the import duties would make it increasingly harder for the automaker to sell its affordable electric cars at low prices in Brazil. To avoid paying import tariffs on its electric cars, BYD…

ThursdayJul 10, 2025 9:00 am

China Dominates in Adopting Long-Haul Electric Trucks

China's dominance of the global passenger electric vehicle market is also extending to long-haul electric trucks. In addition to being the largest producer and market for passenger battery electric vehicles (BEVs), China has surpassed both the U.S. and Europe in the adoption of electric trucks. With the Trump administration recently cutting federal electric vehicle subsidies and halting the deployment of public chargers using federal funds, the U.S. risks being left far behind Beijing. In nearly two decades since the first mass market BEV hit the market, passenger EVs have become the default form factor for electric mobility. Most automakers have…

TuesdayJul 08, 2025 10:00 am

Recently Enacted US Budget Act Ends Tax Incentives for EV Buyers

President Donald Trump's Big Beautiful Bill will put a definitive end to federal tax incentives for electric vehicle buyers. In its quest to undo most of the Biden administration's climate action-related policies, the Trump administration initially laid out a timeline for phasing out EV tax credits through 2025. However, the recently passed Big Beautiful Bill will effectively end the federal EV incentive on September 30th. According to the huge tax and spending cut measure, American drivers interested in purchasing an electric car will have three more months to subsidize the EV purchase using the $7,500 tax incentive. In a market…

MondayJul 07, 2025 10:00 am

Chinese EV Maker Xiaomi Presells 300,000 EVs in 60 Minutes

Xiaomi, the Chinese tech giant that recently made its foray into manufacturing battery electric vehicles (BEVs), received nearly 300,000 pre-orders just an hour after launching a new EV. Dubbed the YU7, Xiaomi’s 5-seater electric car is its second mass-market electric car and will cost $54,000 (253,500 yuan), almost 4% cheaper than the best-selling Tesla Model Y. At this price range, the Model Y will be one of the YU7’s main competitors in China. According to the Beijing, China-based company, the fact that its first electric SUV had 280,000 pre-orders within one hour of launch is a miraculous achievement in the…

ThursdayJul 03, 2025 10:00 am

US Senate Considers Scrapping EV Incentives Earlier Than Previously Planned

The U.S. Senate is thinking of scrapping federal electric vehicle incentives much earlier than the Trump administration had originally planned. First put in place by the Biden administration, these federal EV incentives have been critical to boosting electric vehicle sales in the country. Similar incentives have also been key to boosting electric vehicle adoption in other major markets like China and the European Union. Like most of the climate action-related policies instituted by the previous administration, federal EV incentives were targeted by the current right-wing administration and were first included in a measure that would have steadily reduced the incentives…

TuesdayJul 01, 2025 10:00 am

Octopus, BYD Collaborate to Usher in EV and Charging Bundle for Motorists

BYD has teamed up with UK energy supplier Octopus Energy to launch an electric vehicle charging bundle dubbed ‘Power Pack Bundle’ for EV drivers in the United Kingdom. The bundle was unveiled at the energy supplier’s Energy Tech Summit and will cost UK drivers just under $375 every month. After recently surpassing Tesla as the top EV manufacturer on the globe, Shenzhen, China-based BYD has joined forces with the biggest energy supplier in the UK to introduce a vehicle-to-grid (V2G) bundle that will revolutionize electric vehicle ownership across the UK. The bundle includes a bi-directional Zaptec Pro charger, a V2G-ready…

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