NewsRoom Articles - Page 5 of 122

ThursdayMay 29, 2025 10:00 am

US House Votes to Eliminate Electric Vehicle Tax Credits

The Trump administration has fulfilled one of the promises President Donald Trump made during his second presidential campaign: eliminating the federal tax credit for electric vehicle purchases. In a move that will undoubtedly have major repercussions for America’s nascent electric vehicle industry, the U.S. House has voted to eliminate federal EV tax credits. These credits of up to $7,500 were critical to boosting electric vehicle adoption in the country, and their loss will significantly affect battery electric vehicle (BEV) sales in the U.S. President Trump was a vocal critic of the Biden administration’s investments in electric vehicles and public charging…

WednesdayMay 28, 2025 10:00 am

US Senators Block California’s EV Mandate

The United States Senate has blocked a landmark California electric vehicle mandate that would have required the state to phase out gas-powered vehicles in favor of battery electric vehicles (BEVs). Although California already has the largest fleet of BEVs in the U.S., the mandate aimed to accelerate electrification by pressuring carmakers to develop more EV models. The current administration has spent the past several months rolling back many of the previous administration's climate-related policies. President Donald Trump has been outspoken in his opposition to using federal funds for climate action and has pledged to reverse Biden-era green energy policies, including…

TuesdayMay 27, 2025 10:00 am

Honda Ramps Up the Production of Hybrids, Scales Down EVs

Honda Motor has announced that it is scaling back its battery electric vehicle (BEV) investments to focus on producing hybrid cars. Waning demand for electric vehicles, coupled with sluggish EV sales, was the primary driver behind Honda’s decision to pivot to hybrid vehicles. The Japanese automaker isn’t the first company in the automotive space to scale back its EV investments; most established carmakers had ambitious electrification plans but have been forced to lower their targets after EV demand cratered in 2024 amid rising inflation and high electric vehicle prices. Honda has also dropped its target of achieving 30% electric vehicle…

ThursdayMay 22, 2025 10:00 am

Structural Batteries Could Transform Electric Vehicles

Structural batteries that merge structural strength with battery power could open the door to a new age of electric mobility. Lithium-ion batteries are used to power most electric cars due to their high energy density, longevity, and long life cycles. However, current EV battery technology still has plenty of room for improvement. Modern EV battery packs are heavy, costly, have a moderate risk of catching fire, and often come with repair and maintenance challenges. Ultra-lightweight and powerful batteries that combine battery power with structural strength may be the key to addressing the drawbacks of lithium-ion electric vehicle batteries. Merging these…

TuesdayMay 20, 2025 10:00 am

Tesla’s Brand Image Slumps as Regulatory Scrutiny Tightens, Rivals Gain Traction

Tesla’s brand image has taken a significant hit in recent months. For at least a decade, Tesla was the darling of the burgeoning global electric vehicle segment. After launching the Tesla Roadster in 2008 and demonstrating the viability of mass market battery electric vehicles (BEVs), Tesla remained the most dominant player in the EV sector for most of its existence. Until very recently, Teslas were among the most popular electric cars on the global market, and the Tesla Model Y was the bestselling EV worldwide in 2024. However, 2025 has proven to be a disastrous year for the Texas-based electric…

FridayMay 16, 2025 10:00 am

The Slate Truck Could Usher in New Era for EVs

The recently unveiled Slate Truck could usher in a new age of electric mobility characterized by affordable and accessible electric pickup trucks. Approximately 47% of Americans own a pickup truck, with full-size models from the Ford F-Series, Chevrolet, and Ram being especially popular in the country. As automakers began pivoting to electric cars, some opted to develop electric trucks to tap into North America’s well-known demand for pickups. However, most electric pickup truck models are far from affordable. On average, an American driver who wants to purchase an electric pickup truck will have to shell out anywhere from $70,000 to…

ThursdayMay 15, 2025 10:00 am

Battery Swapping Offers Avenue to Accelerate EV Adoption

Battery swapping is becoming a popular alternative to conventional charging in several markets. As the name suggests, this process involves exchanging a depleted EV battery with a fully charged one, eliminating the long wait times associated with traditional electric vehicle charging. As an alternative to plug-in charging, battery swapping offers a user experience that can be just as fast as refueling a gasoline-powered car. Although the process hasn’t gained significant traction in the U.S., it has rapidly been adopted in several other regions, particularly in China where small EVs and electric scooters are widely used. Instead of waiting 30 minutes…

TuesdayMay 13, 2025 10:00 am

Foxtron Announces Project to Develop, Make EVs for Mitsubishi

The largest contract electronics manufacturer in the world has teamed up with Mitsubishi to develop and manufacture electric cars for the Japanese automaker. Foxconn, also referred to as Hon Hai Technology Group, has been seeking opportunities to enter the burgeoning electric vehicle sector for quite some time. The world-leading electronics manufacturer now appears to have completed its years-long quest to enter electric vehicle development. Foxconn subsidiary Foxtron Vehicle Technologies recently revealed that it has signed a memorandum of understanding with Tokyo-based Mitsubishi Motors. The subsidiary will serve as an original equipment manufacturer (OEM) for Mitsubishi, developing and supplying a battery…

FridayMay 09, 2025 10:00 am

Electric Vehicles Bump Up Audi’s Q1 Sales

German automaker Audi registered a notable increase in vehicle sales in the first quarter of the year, thanks to the growing popularity of its battery electric vehicle (BEV) models. The carmaker's Q1 2025 earnings report showed revenue of $16.6 billion, a 12.4% increase from Audi's reported revenue in Q1 2024. High demand for Audi EVs was largely responsible for the German company's strong performance in the previous quarter, as Audi navigated volatility from recent geopolitical events and a weaker market outlook. Germany's massive auto industry has been in crisis since last year, with the country’s struggling economy and declining demand…

ThursdayMay 08, 2025 10:00 am

Bloomberg Says America Ought to Welcome Chinese Vehicles

A recent report from Bloomberg has made a strong case for allowing Chinese vehicles into the American market. China has made significant strides in the auto sector over the past couple of decades, growing from a country that was almost fully reliant on imported vehicles to one that now dominates the globe in vehicle sales. The U.S., on the other hand, has seen its auto sector decline for quite some time as American carmakers moved most of their manufacturing to China, where labor costs were significantly lower. Although the U.S. is still home to many of the world’s most dominant…

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