Rivian Automotive reported a 22.7% drop in second-quarter deliveries, reflecting weakening EV demand amid high interest rates, rising production costs, and policy shifts. The company delivered 10,661 vehicles in Q2, but produced only 5,979, which was well below analyst expectations. While Rivian reaffirmed its annual forecast, the loss of federal EV tax credit benefits and…
149 electric models now available for sale in U.S. EVs: 9.6 percent of new U.S. light-duty vehicle sales in Q1 2025, down 1.3 percentage points from Q4 2024 EVs: 2.1 percent of vehicles in operation Gas-powered vehicle market share down 4.6 points in Q1 from prior year; down 23 points since 2016 Charging infrastructure lags:…
In a pivotal victory for auto dealers and manufacturers, President Donald Trump signed a resolution blocking California’s Advanced Clean Cars II (ACC2) mandate, which aimed to require 100% zero-emission vehicle sales by 2035. Joining us on the latest episode of Inside Automotive, Brian Maas, President of the California New Car Dealers Association, breaks down what…
By BERNARD CONDON | Associated Press NEW YORK — Tesla sales declined 13% in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers. The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and…
On Thursday, President Donald Trump confirmed that his proposed tariffs on Mexico and Canada would go into effect on March 4, following a one-month delay that began on February 3. The tariffs, which include 25% duties on imports from the neighboring countries, have faced ongoing uncertainty regarding their reinstatement. In addition, Trump announced that China,…
The Honda Motor Co. and Nissan Motor Co.’s potential new venture to create a Japanese automotive behemoth amid intense competition from the Chinese rivals raises questions about the timing of the deal, reported the news agency Reuters on Wednesday, December 25. Both companies said on Monday, December 23, that they will start formal talks about…
Top stories Volkswagen walkouts intensify as workers reject cuts and factory closures. Read More Stellantis and Zeta Energy team up to revolutionize EV batteries. Read More BYD sets sights on dominating the global EV market amid record growth in China. Read More Used-vehicle prices steady in November, retail sales see 5% boost. Featured Interview How…
Top stories U.S. Energy Department races to finalize $1.7 billion in EV plant conversion grants. Read More Trump proposes tax breaks for U.S.-made car purchases as election nears. Read More Honda Recalls 720,000 vehicles over fuel pump leak risk. Read More U.S. electric vehicle market sees record growth as EV sales hit new milestones. Read…
China has strongly urged the United States to stop what it describes as “unreasonable suppression” of its companies. This follows U.S. proposals to ban Chinese software and hardware in vehicles due to national security concerns. The Chinese Ministry of Commerce criticized the U.S. government’s move, labeling it protectionist and a violation of fair competition and…
Toyota Motor Corp. has lowered its global production target for electric vehicles for 2026 by around 30 percent, saying it now aims to produce around 1 million units, amid slowing demand for all-electric cars, sources familiar with the matter said Friday. The move comes as sluggish sales of EVs are pressuring global automakers to reconsider…