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Tag: Electric Vehicles

Last-Minute Surge in EV Sales as Federal Tax Credit Nears Expiration

Last-Minute Surge in EV Sales as Federal Tax Credit Nears Expiration

Last-Minute Surge in EV Sales as Federal Tax Credit Nears Expiration A significant federal tax credit for electric vehicles (EVs) is set to expire this Tuesday, triggering a frantic last-minute buying spree across the nation, with Southern California experiencing a notable spike in demand. Consumers are flocking to dealerships and auto shows to secure incentives offering up to $7,500 off new EVs and $4,000 off used models before the benefit, tied to a new Trump administration policy, concludes. The rush…

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Trump Administration Seeks 10% Equity in Lithium Americas, Pressuring GM on EV Supply

Trump Administration Seeks 10% Equity in Lithium Americas, Pressuring GM on EV Supply

Trump Administration Seeks 10% Equity in Lithium Americas, Pressuring GM on EV Supply The Trump administration is reportedly pursuing a significant equity stake in Lithium Americas, the company behind what is projected to be the largest lithium mine in the Western Hemisphere. This move comes as the administration seeks to renegotiate the repayment terms of a substantial $2.26 billion Department of Energy (DOE) loan previously awarded to the company. Sources indicate that the administration is asking for as much as…

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Porsche Pivots EV Strategy, Prioritizing Combustion and Hybrid for Key Flagship Models

Porsche Pivots EV Strategy, Prioritizing Combustion and Hybrid for Key Flagship Models

Porsche Pivots EV Strategy, Prioritizing Combustion and Hybrid for Key Flagship Models Stuttgart, Germany — Porsche is undertaking a significant strategic realignment of its product roadmap, announcing a recalibration of its electric vehicle (EV) ambitions for several key models. The anticipated flagship electric SUV, codenamed K1 and designed to sit above the Cayenne, will now debut with combustion engine and plug-in hybrid powertrains, rather than as a pure electric model. This shift comes as the luxury automaker responds to what…

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Tesla Confirms Door Handle Redesign Following Federal Safety Investigation

Tesla Confirms Door Handle Redesign Following Federal Safety Investigation

Tesla Confirms Door Handle Redesign Following Federal Safety Investigation Tesla has announced plans to redesign its electric door handles following a recent federal safety investigation by the US National Highway Traffic Administration (NHTSA). The move comes after reports highlighted potential safety hazards, including the risk of passengers becoming trapped if the low-voltage battery fails in an emergency situation such as a crash. Franz von Holzhausen, Tesla’s head of design, confirmed the development on Bloomberg’s Hot Pursuit! podcast. He stated the…

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Elon Musk Bolsters Tesla Stake with $1 Billion Purchase Amid Board’s Trillion-Dollar Pay Defense

Elon Musk Bolsters Tesla Stake with $1 Billion Purchase Amid Board’s Trillion-Dollar Pay Defense

Elon Musk Bolsters Tesla Stake with $1 Billion Purchase Amid Board’s Trillion-Dollar Pay Defense Tesla CEO Elon Musk has reportedly invested an additional $1 billion in the electric vehicle company’s stock. This significant acquisition comes as the Tesla board continues to defend a controversial compensation package that could see Musk receive nearly $1 trillion if he achieves specific, ambitious performance goals. Musk’s latest stock purchase underscores his deep commitment to Tesla’s future and its strategic objectives. The proposed, unprecedented pay…

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Hyundai Ioniq 3 Poised to Bring Apple CarPlay Ultra to Affordable EVs at Munich Show

Hyundai Ioniq 3 Poised to Bring Apple CarPlay Ultra to Affordable EVs at Munich Show

Hyundai Ioniq 3 Poised to Bring Apple CarPlay Ultra to Affordable EVs at Munich Show Apple’s next-generation CarPlay Ultra, previously exclusive to high-end luxury vehicles like the Aston Martin, is set to make its debut in the affordable electric vehicle market. Hyundai is expected to unveil the Ioniq 3, a new EV model anticipated to be the first to feature the advanced Apple system, at the upcoming Munich Motor Show, running from September 9 to September 14. CarPlay Ultra significantly…

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Tesla’s Q2 Earnings Plunge Amid Brand Fallout, Musk Pushes Ambitious Robotaxi Vision

Tesla’s Q2 Earnings Plunge Amid Brand Fallout, Musk Pushes Ambitious Robotaxi Vision

Tesla’s Q2 Earnings Plunge Amid Brand Fallout, Musk Pushes Ambitious Robotaxi Vision Tesla Inc. has reported a significant downturn in its second-quarter earnings, with both revenue and profits falling for the second consecutive quarter. The electric vehicle giant announced Wednesday that revenue for the three months ending June 30 plummeted 12% year-over-year to $22.5 billion, while earnings per share dropped 23% to $0.40, missing analyst expectations. The financial slide comes amid ongoing brand damage attributed to CEO Elon Musk’s political…

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Tesla’s Q2 Profit Plunge: Musk Addresses Regulatory Headwinds and AI Ambitions Amid EV Slump

Tesla’s Q2 Profit Plunge: Musk Addresses Regulatory Headwinds and AI Ambitions Amid EV Slump

Tesla’s Q2 Profit Plunge: Musk Addresses Regulatory Headwinds and AI Ambitions Amid EV Slump Tesla reported a significant 16% drop in its second-quarter net income, continuing a challenging period for the electric vehicle giant. The decline comes despite CEO Elon Musk’s renewed focus on his companies, following his controversial involvement in the Trump administration’s government cost-cutting efforts. This profit slide follows a 13.5% year-on-year drop in EV sales for the quarter, though it represents a less severe decline compared to…

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Breaking: VW Halts US ID.Buzz Deliveries Amid Tariff Concerns; German-Polish Border Checks Cause Disruptions; Berlin Issues Gaza Starvation Warning

Breaking: VW Halts US ID.Buzz Deliveries Amid Tariff Concerns; German-Polish Border Checks Cause Disruptions; Berlin Issues Gaza Starvation Warning

Breaking: VW Halts US ID.Buzz Deliveries Amid Tariff Concerns; German-Polish Border Checks Cause Disruptions; Berlin Issues Gaza Starvation Warning German automotive giant Volkswagen has temporarily suspended deliveries of its electric van model, the ID.Buzz, to the United States. Media reports, citing company sources, indicate that US tariffs are a contributing factor to this significant decision, impacting the availability of the highly anticipated electric vehicle in the American market. Meanwhile, new spot checks implemented by Poland are creating considerable difficulties for…

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Rivian R1 Quad-Motor Returns: Beastly Performance, ‘Kick Turn’ Feature, and NACS Charging Roll Out This Summer

Rivian R1 Quad-Motor Returns: Beastly Performance, ‘Kick Turn’ Feature, and NACS Charging Roll Out This Summer

Rivian R1 Quad-Motor Returns: Beastly Performance, ‘Kick Turn’ Feature, and NACS Charging Roll Out This Summer Rivian is reintroducing its high-performance quad-motor R1T pickup and R1S SUV, with deliveries commencing this summer. The refreshed R1 platform variants boast over 1,000 horsepower and 1,200 lb-ft of torque, enabling a blistering 0-60 MPH acceleration in just 2.5 seconds for the R1T. A standout new feature, the ‘Kick Turn,’ revives the long-anticipated ‘tank turn’ capability. This off-road maneuver allows the vehicle to effectively…

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Trump Calls Elon Musk’s ‘America Party’ ‘Ridiculous’ Amid Deepening Rift

Trump Calls Elon Musk’s ‘America Party’ ‘Ridiculous’ Amid Deepening Rift

Trump Calls Elon Musk’s ‘America Party’ ‘Ridiculous’ Amid Deepening Rift President Donald Trump has strongly criticized Elon Musk’s recent move to launch a new political entity, the ‘America Party,’ labeling the initiative as ‘ridiculous.’ Speaking to reporters on Sunday, Trump asserted that a third party would only ‘add to the confusion’ in the established two-party system. Musk, who had teased the idea for weeks, formally announced the ‘America Party’ over the weekend on X, stating its aim to challenge the…

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Federal EV Tax Credits Set to Expire Sept. 30: What Buyers Need to Know Now

Federal EV Tax Credits Set to Expire Sept. 30: What Buyers Need to Know Now

Federal EV Tax Credits Set to Expire Sept. 30: What Buyers Need to Know Now Prospective electric vehicle (EV) buyers have a crucial deadline approaching: federal tax incentives for EVs will officially end on September 30. This change follows a significant tax and spending bill recently passed by Congress, which terminated the previous federal tax credits of up to $7,500 for new EVs and $4,000 for used models. While the elimination of these credits is expected to impact affordability, particularly…

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Senate Bill Pushes for Immediate End to EV Tax Credits by September 30

Senate Bill Pushes for Immediate End to EV Tax Credits by September 30

Senate Bill Pushes for Immediate End to EV Tax Credits by September 30 In a significant development for the electric vehicle (EV) market, the U.S. Senate is currently considering a version of a sweeping tax and spending bill that proposes an abrupt termination of EV tax credits as early as September 30, 2025. This move, if passed, would dramatically accelerate the end date compared to the House’s proposed late 2025 or 2026 timelines. The draft bill, which is undergoing active…

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Tesla Achieves Historic First Fully Autonomous Customer Delivery

Tesla Achieves Historic First Fully Autonomous Customer Delivery

Tesla Achieves Historic First Fully Autonomous Customer Delivery Tesla has marked a significant milestone in autonomous driving, successfully completing its first fully unsupervised vehicle delivery from its Gigafactory Texas to a customer’s home. The Model Y, equipped with Tesla’s self-driving technology, undertook a roughly 30-minute journey on June 28, 2025, navigating parking lots, city streets, and highways without any human intervention or remote operators. This achievement was confirmed by CEO Elon Musk, who stated there were no safety monitors or…

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