TAIPEI, Taiwan — China will tighten the rules for exporting electric vehicles by requiring automakers to obtain export permits from next year, the Commerce Ministry said Friday. The export licenses, required from Jan. 1, are intended to “promote the healthy development of the new energy vehicle trade,” the ministry said in a statement. The controls…
TAIPEI, Taiwan (AP) — China will tighten the rules for exporting electric vehicles by requiring automakers to obtain export permits from next year, the Commerce Ministry said Friday. The export licenses, required from Jan. 1, are intended to “promote the healthy development of the new energy vehicle trade,” the ministry said in a statement. The…
On the Dash: California will not replace the expiring $7,500 federal EV tax credit, with Gov. Gavin Newsom citing budget constraints and prioritizing infrastructure over direct subsidies. Automakers lose hoped-for state relief, as companies like Rivian, Hyundai, and Volkswagen had urged California to offer a $5,000 incentive to offset the federal rollback. Newsom escalates tensions…
On the Dash: Rivian has begun construction on its $5 billion Georgia plant even though the Trump administration ended the $7,500 federal tax credit for EV buyers. The Georgia facility, with a planned annual capacity of 200,000 vehicles, is key to Rivian achieving the scale necessary to profitably produce lower-priced R2 and future R3 models….
ICYMI: Volkswagen is considering a significant investment in the U.S. as tariffs affect its earnings. Tesla’s market share in the U.S.EV sector has dropped to its lowest level in eight years due to increasing competition. Stellantis has reinstated a third shift at its Windsor facility, while General Motors has postponed its planned cuts in Oshawa due…
On the Dash: Lucid confirmed a third midsize EV, based on the Gravity X concept, priced around $50,000, targeting the Tesla Model 3 and Model Y market segment. The Gravity X concept features off-road upgrades and premium interior touches, with production expected to start in early 2027 for the SUV, followed shortly by a midsize…
On the Dash: At $45,000, the R2 brings Rivian closer to mainstream buyers, signaling more attainable EV options for customers. Higher import costs and the loss of tax credits will affect Rivian’s pricing power, potentially influencing how dealers position EVs. Plant upgrades in Illinois and Georgia show Rivian’s push toward scale, which could stabilize availability…
Buying a new car has never been more financially daunting. A 2025 analysis from Edmunds found that a record 19.3% of consumers who financed a new vehicle in the second quarter of 2025 committed to a monthly payment of $1,000 or more. That’s nearly one in five buyers taking on what was once considered an…
Ford Motor is recalling more than 103,000 F-150 pickup trucks over an issue with the vehicles’ axle hub bolts that can cause the vehicle to roll away when the parking brake is not applied or cause a loss of driver power. “Both of these conditions can increase the risk of a crash,” the National Highway…
Ford is investing $5 billion to change the way it makes electric vehicles, a move the automaker says will allow it to manufacture models starting at $30,000 — far less than the current average price for an EV. The Dearborn, Michigan-based company on Monday said it will invest $2 billion to modernize its Louisville Assembly…