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…
With tariffs and economic uncertainty weighing on the automotive industry, dealers are navigating a fast-changing landscape. Tom Maoli, president and CEO of Celebrity Motor Car, joins us on the latest episode of Inside Automotive to discuss how the tariffs are affecting sales, why he believes the EV market is struggling, and what concerns him most…
BYD, the Chinese electric vehicle giant, has rapidly grown into a dominant force in the automotive industry, challenging legacy automakers and rivaling Tesla in global EV sales. While Tesla is often viewed as its biggest competitor, BYD’s executive vice president, Stella Li, believes there is room for cooperation—at least in their shared mission to eliminate…
During the latest round of tariffs on U.S. imports, China’s took effect on Monday, imposing an additional 10% duty on vehicles with engines larger than 2.5 liters. This brings the total tariff on these vehicles to 25% as trade negotiations between the two nations stall over the Trump administration’s broader tariffs on Chinese goods. While…
Tesla’s sales in California fell sharply in 2024, marking its first annual decline in the state as competition intensifies. According to the California New Car Dealers Association (CNCDA), Tesla’s deliveries dropped 11.6%, with nearly 27,000 fewer vehicles sold. The company’s share of the state’s electric vehicle market declined from 60% in 2023 to 52.5%, though…
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…
Republican Senator-elect Bernie Moreno, a luxury car dealer before transitioning to politics, is positioning himself as a key automotive voice in the Senate. Following his victory over Democrat Sherrod Brown in Ohio—a state critical to the manufacturing sector—Moreno aims to influence automotive policy, particularly as it relates to electric vehicles (EVs). Speaking at the 2024…
The U.S. electric vehicle (EV) market continues its momentum toward a record-breaking year, with October delivering notable growth in both new and used EV sales. While new EV prices edged lower and used EV prices approached parity with traditional vehicles, inventory dynamics, and transaction pricing painted a clearer picture of the market’s trajectory. Additionally, new…