Every EVXL story tagged “United States” — newest first.
Tesla, the electric vehicle giant, finds itself in a peculiar position as its CEO Elon Musk endorses Donald Trump for president while the company continues to lobby for EV-friendly policies. This curious dynamic, reported by Reuters, highlights the complex relationship between business interests and political alignments in the EV industry Musk’s Endorsement vs. Tesla’s Lobbying…
The Daily Beast reports that Transportation Secretary Pete Buttigieg vigorously defended electric vehicle (EV) incentives during a recent House Oversight Committee hearing. The Secretary faced off against Republican representatives who questioned the cost and necessity of EV tax rebates. Buttigieg’s Powerful Rebuttal When Rep. Aaron Bean (R-FL) suggested that EV tax rebates “were just too…
The Tesla Model 3 Long Range has become fully eligible for the $7,500 federal tax credit for electric vehicles (EVs) in the United States. This credit applies to EVs with batteries originating from the U.S. and is taken off at the point of sale. With this change, the Model 3 Long Range is now only…
Fisker, the struggling electric vehicle startup, has filed for Chapter 11 bankruptcy amid mounting financial woes and production challenges. The company, known for its Fisker Ocean electric SUV, had previously warned of a potential collapse due to insufficient funds to survive another year, reports CNN. In a statement, a Fisker spokesperson acknowledged the difficulties faced…
The electric vehicle (EV) industry is reportedly facing a significant challenge as a substantial percentage of EV buyers in the United States are considering returning to combustion engine cars. According to a McKinsey & Co. survey, almost 40% of U.S. EV buyers want to go back to combustion engine cars, citing inadequate charging infrastructure, high…
Volvo Cars reported a 13% increase in global sales for May 2024, reaching 68,034 units. Reuters reports that the growth was primarily driven by a 27% surge in Europe and the strong performance of the fully electric EX30 model. However, sales in the United States and China experienced slight declines of 5% and 1%, respectively.…
The European Commission is set to impose provisional duties on Chinese electric vehicles (EVs) from July 4, according to EU officials. This move comes as a result of an investigation into subsidies in China’s EV industry, which has strained the already tense China-EU relationship, reports SCMP. During a meeting with the EU’s department of trade…
Increased Competition, Lower Costs, and Tax Credits Drive Down Prices Electric vehicles (EVs) are becoming more accessible to a wider range of consumers as prices fall due to increased competition, lower raw material costs, and more efficient manufacturing. Federal tax credits of up to $7,500 for new EVs, combined with state incentives, are pushing prices…
One email. Six stories. Filed each morning before the world is. Read by Tesla owners, Rivian preorder holders, dealer GMs, and the analysts that move EV stocks.
