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Rivian

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Volkswagen to Ditch ID Moniker for Traditional Names on Electric Vehicles
Porsche

Volkswagen Posts €1.3 Billion Loss As Porsche’s EV Disaster And Trump Tariffs Deliver Double Blow

Volkswagen Group reported a €1.3 billion ($1.4 billion) operating loss for the third quarter of 2025, marking the German automaker’s first quarterly loss since the pandemic as it absorbs massive charges from Porsche’s failed electric vehicle strategy and President Trump’s punishing import tariffs. The Times reported that Europe’s biggest carmaker swung from a €2.8 billion…

China

EU Launches RESourceEU Plan To Break China’s Stranglehold On EV Motor Magnets

The European Union announced a comprehensive strategy to slash its dangerous dependence on Chinese rare earth materials just 16 days after Beijing imposed sweeping export restrictions that threaten to choke European electric vehicle production. European Commission President Ursula von der Leyen unveiled RESourceEU on Saturday at a conference in Berlin, calling China’s October 9 export…

Gotion Abandons $2.4 Billion Michigan Battery Plant After Three Years Of Political Warfare
Michigan

Gotion Abandons $2.4 Billion Michigan Battery Plant After Three Years Of Political Warfare

A Chinese battery giant’s plans to build a massive Michigan manufacturing plant have officially collapsed, with the state now demanding millions back after years of grassroots opposition, Chinese ownership controversies, and Trump administration policy shifts killed what was once touted as Northern Michigan’s largest economic project ever. Gotion Inc. abandoned its $2.4 billion electric vehicle…

Tesla

EV Buyers Rush to Secure Deals Ahead of Federal Tax Credit Expiration

Electric vehicle (EV) sales are surging across the U.S. as consumers race to take advantage of the federal government’s $7,500 tax credit before it expires on September 30, 2025. Dealers in EV hot spots like Colorado report unprecedented demand, with steeply discounted lease offers drawing in new and repeat buyers alike, reports the WSJ. Deep…

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

Tesla Stock Rebounds as Investors Spot Signs of Growth and Demand

Tesla stock (TSLA) is regaining momentum after a rocky first half of the year. Following weeks of losses that pushed shares below key technical benchmarks, the electric vehicle leader has tightened up, reclaimed support at major moving averages, and landed back on the Investor’s Business Daily (IBD) Leaderboard alongside fellow “Magnificent Seven” member Nvidia (NVDA).…

Mustang Mach-E

EV Sales Surge as $7,500 U.S. Tax Credit Nears September 30 Deadline

Electric vehicle (EV) sales are poised for a significant boost as automakers and dealers urge buyers to act before a $7,500 federal tax credit expires on September 30, 2025. With Congress set to eliminate the subsidy through recent tax and budget legislation, industry leaders anticipate a rush of purchases, followed by potential sales declines, reports…

Slate

Slate Auto Drops ‘Under $20,000’ EV Pickup Pricing as Federal Tax Credit Ends

Slate Auto, a Jeff Bezos-backed electric vehicle startup, has removed claims that its upcoming all-electric pickup truck will start “under $20,000” after Congress passed President Trump’s tax cut bill, according to Slate Auto’s updated website. The legislation, set to be signed into law on July 4, 2025, will eliminate the $7,500 federal EV tax credit…

Hybrids Take Lead as Electric Vehicle Sales Plummet in California—A Wake-Up Call for EV Industry
Tesla

Tesla Q2 2025 Promotions for EV Enthusiasts Are About To Run Out!

As the clock ticks down on June 30, 2025, Tesla is still offering its last wave of Q2 promotions, providing electric vehicle (EV) owners and enthusiasts a chance to snag significant savings and upgrades across its lineup. Posted by industry insider Sawyer Merritt on X, these deals target a broad audience, from military veterans to…

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