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On June 28, 2025, Senate Republicans unveiled a revised tax and budget bill that would terminate the $7,500 federal tax credit for new electric vehicle (EV) purchases and leases by September 30, 2025, alongside the $4,000 credit for used EVs, according to Reuters. This move marks a significant shift from previous policies promoting EV adoption…
Lotus, the iconic British automaker, is poised to halt production at its historic Hethel, Norfolk factory after 59 years, with plans to shift manufacturing to the United States, according to a report by Autocar. This strategic pivot, driven by U.S. tariffs and a challenging electric vehicle (EV) market, could reshape Lotus’s future as it leans…
Tesla has achieved a historic milestone with the first fully autonomous delivery of a Model Y to a customer’s home, completed a day ahead of schedule on June 27, 2025. The delivery, which navigated highways and local roads with no human presence or remote operators, showcases Tesla’s advancements in AI-driven technology. Verified details from an…
On June 16, 2025, Polestar, the Sweden-based electric vehicle (EV) manufacturer, announced a $200 million equity investment from PSD Investment, a firm controlled by Geely Holding Group’s founder, Li Shufu. This funding, reportedly secured through a private investment in public equity (PIPE), aims to fuel Polestar’s global expansion and strengthen its position in the competitive…
Redwood Materials, a leader in electric vehicle (EV) battery recycling, is giving retired EV batteries a second life by converting them into cost-effective microgrids, the company announced on Thursday. By repurposing still-functional batteries, Redwood’s new division, Redwood Energy, is creating modular energy storage systems that address critical energy grid gaps at a fraction of the…
Tesla’s vice president of sales and manufacturing for North America and Europe, Omead Afshar, has left the electric vehicle (EV) giant, marking another high-profile exit as the company navigates declining sales and a pivot to autonomous technology. The departure, confirmed by three sources familiar with the matter, comes as Tesla grapples with a 19% year-to-date…
The dream of fully autonomous cars continues to stall, leaving electric vehicle (EV) enthusiasts and industry watchers intrigued yet cautious. Despite early optimism following the US military’s Darpa challenge two decades ago, progress toward Level 5 self-driving cars—capable of driving anywhere in all conditions—has hit significant hurdles. A Bloomberg chart projecting automation levels through 2
Tesla’s robotaxi trials in Austin, Texas, have hit roadblocks, with videos from riders revealing multiple driving errors just days into the public test. The incidents, reported by Reuters, highlight challenges in Tesla’s self-driving software as the company pushes toward autonomous vehicle dominance. Early Trials, Early Troubles On the first day of testing, Tesla’s robotaxis—standard Model…
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