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…
EVgo has secured a $225 million senior secured, non-recourse credit facility from five major banks, positioning the EV charging company to rapidly grow its national network by adding more than 1,500 new DC fast chargers. The deal includes an option to increase the credit line by $75 million to support further expansion. Stakeholders are hailing…
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…