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Electric Vehicle Sales Soar in Norway, Poised to Surpass 1 Million Mark
Tesla

Norway Achieves Historic 89% EV Market Share in 2024, Setting Global Benchmark

Norway has achieved an unprecedented milestone in electric vehicle adoption, with battery-electric vehicles accounting for 88.9% of all new car sales in 2024, up from 82.4% the previous year according to data from the Norwegian Road Federation (OFV). This remarkable achievement positions Norway as the global leader in EV adoption, with Tesla leading sales, followed…

Tesla

Tesla Set to Miss 2024 Delivery Target Despite Record Quarter

Tesla is poised to fall short of its annual delivery goals for 2024, despite what’s likely to be another record-setting quarter. Industry analysts reportedly project Q4 deliveries of around 506,763 vehicles, which would leave the electric vehicle maker slightly below its 2023 total of 1.8 million units delivered. The projected shortfall comes after Tesla abandoned…

Tesla

Hertz Offers Deep Discounts to Renters as It Offloads EV Fleet

Hertz is taking an innovative approach to reducing its electric vehicle fleet, offering significant discounts to current renters who might be interested in purchasing their rental vehicles. The rental giant is listing 2023 Tesla Model 3s for as low as $17,913 – a striking price point that sits well below current market values, reports The…

Tesla

Milwaukee Secures $15M Federal Grant to Quadruple Public EV Charging Network

Milwaukee is set to dramatically expand its electric vehicle charging infrastructure through a $14.96 million federal grant, addressing critical gaps in charging accessibility while prioritizing historically underserved communities. The Department of Transportation’s Charging and Fueling Infrastructure program funding will enable the installation of 53 new charging stations with 212 ports across t

Tesla Confirms Plans for Sub-$30,000 EV, Raising Questions About Strategy and Timeline
Tesla

Tesla Model Q: A $30,000 Compact EV Signals Major Market Shift

Tesla appears poised to enter the competitive compact electric vehicle segment with its long-rumored affordable model, now dubbed the Model Q. According to a Deutsche Bank investor report, the automaker plans to launch this strategic entry-level vehicle in the first half of 2025 at a price point starting under $30,000 with federal incentives, reports The…

Chinese EV Makers Defy EU Tariffs at Paris Auto Show
Tesla

China’s EV Surge Signals Structural Shift in Global Oil Markets

China’s rapid electric vehicle adoption is creating unprecedented pressure on traditional oil markets, with potential long-term implications for global energy dynamics. The world’s largest automotive market is witnessing a fundamental transformation as electric vehicles capture over 50% of new passenger car sales, according to recent data from the China Passenger Car Association, reports the WSJ.…

Tesla Misses Q1 2025 Earnings, Investors Await Musk’s Strategic Update - Tesla Ramps Up Cybertruck Production at Giga Texas
Tesla

Autonomous Vehicle Race Intensifies: Industry Faces Profitability Challenge in 2025

The autonomous driving landscape is poised for a significant shift in 2025, as manufacturers race to integrate advanced driver assistance systems (ADAS) despite uncertain profit prospects. According to McKinsey analysis, the autonomous driving market could reach $400 billion by 2035, yet achieving meaningful returns on these massive investments remains challenging., reports Reuters. The current au

Tesla

Archer Aviation Set to Launch World’s First Commercial eVTOL Service in Abu Dhabi

Archer Aviation is positioning Abu Dhabi to become the world’s first city with a commercial electric vertical takeoff and landing (eVTOL) air taxi service, with operations scheduled to begin in 2025, reports Forbes. The California-based company recently secured crucial agreements with eight public and private entities in Abu Dhabi, marking a significant milestone in urban…

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