On the Dash: GM raised its 2025 adjusted core profit outlook to $12–$13 billion, signaling stronger-than-expected earnings and tariff relief. EVs remain a small portion of total sales, and GM canceled its dealer-led tax credit extension, reflecting ongoing challenges in stimulating EV demand. CEO Mary Barra emphasizes reducing EV overcapacity and letting customer demand guide…
On the Dash: China will require export licenses for EVs starting in 2026, limiting applications to automakers and authorized firms. The move targets unregulated traders whose exports have hurt after-sales support, brand reputation, and pricing abroad. EV exports from China reached 1.65 million units in 2024, nearly double 2022 levels, highlighting rapid growth. China will…
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…
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…
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…