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UK Gives Green Light for New Hybrid Car Sales Until 2035
Tesla

UK Budget May Hit EV Drivers With 3p-Per-Mile Tax As Fuel Duty Revenue Collapses

UK Chancellor Rachel Reeves is reportedly considering a 3p-per-mile tax on electric vehicle drivers in next week’s Autumn Budget, according to The Times. The proposed pay-per-mile charge would help offset a massive decline in fuel duty revenue as British drivers increasingly switch from petrol and diesel vehicles to EVs. The move comes as the UK…

F-150 Lightning

U.S. Vehicle Sales Crater In October As EV Tax Credit Expiration Triggers Market Collapse

U.S. motor vehicle sales plummeted in October 2025 as the elimination of federal EV tax credits sent electric vehicle demand into freefall and broader economic uncertainty kept car shoppers away from dealerships. The data reveals the immediate aftermath of one of the most significant policy shifts in American automotive history. Light vehicle sales decreased 6.5%…

2026 Kia EV4 Unveiled: Affordable Style Meets Electric Range for Everyday Drivers
Tesla

Automakers Face $200-$300 Per Vehicle Port Fee Hit Despite Trump-Xi Trade Truce

Automakers shipping vehicles to the United States could face $200 to $300 per vehicle in additional costs, the CEO of major car carrier Wallenius Wilhelmsen warned Wednesday, as the company moves to pass new U.S. port fees onto customers. The announcement comes despite a late-October trade agreement between Presidents Trump and Xi that was supposed…

Tesla

Tesla Board To Shareholders: Give Musk $1 Trillion Or Watch The Company Collapse

Tesla shareholders face an unprecedented decision Thursday as they vote on CEO Elon Musk’s nearly $1 trillion compensation package—with Board Chair Robyn Denholm warning that rejecting it could trigger Musk’s departure and send the company’s stock into freefall. The vote, taking place at Tesla’s annual meeting on November 6, has divided major institutional investors and…

China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
BYD

BYD Overtakes Tesla In UK Market As Chinese EV Sales Surge Sixfold

BYD has overtaken Tesla in the United Kingdom’s electric vehicle market, marking a stunning reversal in one of Europe’s largest markets for plug-in cars. The Chinese manufacturer registered almost seven times more new cars than Tesla last month, according to data released Wednesday by the UK’s Society of Motor Manufacturers and Traders (SMMT). The shift…

Rivian, Lucid Poised to Gain as Trump Tax Bill Ends EV Credits
Rivian

Rivian Beats Earnings Expectations As October EV Sales Collapse 43% Following Tax Credit Expiration

Rivian Automotive posted better-than-expected third-quarter earnings Tuesday, reporting a narrowed adjusted loss and positive gross profit for the second time this year. But the electric vehicle maker’s stock surge couldn’t mask the harsh reality waiting just beyond the quarterly numbers: October EV sales plummeted 43% compared to the same month last year, according to automotive…

EU Plans December Announcement For Affordable Small EVs To Counter Chinese Competition
Ford

EU Plans December Announcement For Affordable Small EVs To Counter Chinese Competition

The European Commission will announce a new regulatory category for affordable small electric vehicles in December, aiming to enable manufacturers to produce EVs priced between €15,000 and €20,000 ($16,000-$21,000) as Chinese competitors continue gaining market share with lower-cost models. European Commissioner for Industry Stephane Sejourne confirmed the timeline during the Automotive Industry D

Tesla Faces Major Lawsuit Over Full Self-Driving Promises—Are EV Buyers Misled?
China

Tesla’s China Sales Fall 9.9% In October As Even BYD Struggles Amid Brutal Price War

Tesla’s China-made electric vehicle sales fell 9.9% year-over-year in October 2025 to 61,497 units, reversing a brief September uptick and signaling renewed struggles in the world’s largest EV market. The decline, reported by the China Passenger Car Association, marks a troubling return to the downward trajectory that plagued the automaker for eight consecutive months earlier…

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