Haye Kesteloo is the Editor in Chief and Founder of EVXL.co, where he covers all electric vehicle-related news, covering brands such as Tesla, Ford, GM, BMW, Nissan and others. He fulfills a similar role at the drone news site DroneXL.co. Haye can be reached at haye @ evxl.co or @hayekesteloo.
Volvo Cars announced on May 26, 2025, that it will cut 3,000 jobs globally, primarily targeting white-collar roles, as the automaker grapples with high costs, a slowdown in electric vehicle (EV) demand, and looming trade tariffs, reports Automotive News. The decision comes amid a challenging period for the automotive industry, with Volvo citing the need…
In a striking blow to Tesla’s expansion plans, the city of Marion in South Australia has overwhelmingly rejected a proposal to sell public land for a new Tesla battery factory, with 95% of nearly 1,000 submissions opposing the move. The decision, driven by environmental concerns and strong anti-Elon Musk sentiment, highlights growing tensions between economic…
Tesla’s electric vehicle (EV) sales in Europe took a significant hit in April 2025, with new-car registrations dropping nearly 53% to 5,475 vehicles, according to the European Automobile Manufacturers’ Association (ACEA). This marks the fourth consecutive month of decline for the EV giant, as Chinese competitors like BYD gain ground in the rapidly growing European…
The electric vehicle (EV) market is facing a turbulent shift as used Tesla resale values have taken a sharp dive in 2025, driven by a mix of oversupply, consumer sentiment, and industry-wide depreciation trends. According to a recent Forbes report, Tesla owners are grappling with a steep 27% year-over-year drop in resale value, making now…
Nissan, a key player in the electric vehicle (EV) industry, may sell its global headquarters in Yokohama, Japan, valued at $700 million, as part of a broader cost-cutting strategy to navigate financial challenges. According to a recent report by Nikkei Asia, the Japanese automaker is exploring asset sales to stabilize its operations after reporting a…
Chinese electric vehicle (EV) giant BYD Co. (1211.HK) triggered a seismic shift in the EV market by slashing prices on 22 of its models by as much as 34%, intensifying a price war in China amid slowing demand. According to a Bloomberg report, this move, which saw the Seagull hatchback drop to $7,780 (55,800 yuan)…
Chevrolet is expanding its electric Silverado lineup for 2026, introducing the off-road-ready Trail Boss trim and slashing prices on Work Truck (WT) and LT models to boost affordability. With enhanced battery options and a focus on rugged capability, the updates address range concerns and tap into the growing demand for versatile electric pickups, as detailed…
Tesla has announced that its attractive 1.99% APR financing offer for the new Model Y will conclude on June 16, 2025, in the U.S., giving prospective electric vehicle (EV) buyers a narrow window to act. This promotion from Tesla has drawn significant attention from EV enthusiasts. For those considering a switch to electric, this deal…
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