The Chinese smartphone giant has somewhat recently turned into an electric car maker, bringing an almost Apple-like quality and level of tech domination to China's already advanced car market. Oversaturation? Xiaomi doesn't know the meaning of the term, especially when you look at how many units the maker has managed to shift in a very crowded market. Now, Xiaomi is turning its attention to Europe.
Hyundai slashed prices for the 2026 Ioniq 5 by up to $9,800 on Wednesday. The cuts make the Ioniq 5 perhaps America's best EV deal. The Ioniq 5 now undercuts the Tesla Model Y by a long shot, while offering better value and specs than other competitors. If you're anything like me, you're kicking yourself for missing out on the $7,500 federal clean-car tax credit, which expired prematurely on Tuesday.
Back near the end of 2021, COVID-related panic was subsiding and the vibe around new EV startups was still very much optimistic. Almost every other week, a new brand was vying to be the next Tesla, as if that company's sky-high stock price could be anyone's for the taking. VinFast, like other small car brands with larger-than-life plans, wanted a piece of that pie and quickly pivoted its plan from gas-powered BMW-based sedans and SUVs to self-developed EVs meant to take the world by storm.
Cadillac's EV sales exploded in Q3. Nearly 40%or two in fivenew cars it sold were electric. The brand's total EV sales are up 88% year-to-date. Cadillac's electric vehicle lineup just had an amazing quarter. Fueled by tax-credit FOMO, GM's luxury arm managed to send off two out of five new car buyers in one of its electric models, making it the brand's best-ever quarter for EVs on record. For the past three months, buyers marched into dealerships in droves to take advantage of the now-expired $7,500 federal incentive. The top brass at General Motors had its lineup at the ready with the Optiq, Vistiq, and Escalade IQ EV piling on thousands of extra EV sales.
Sadly, this was not a surprise. During last year's election, the Trump campaign made no secret of its disgust toward clean vehicles (and clean energy in general), and it promised to end subsidies meant to encourage Americans to switch from internal combustion engines to EVs. Once in power, the Republicans moved quickly to make this happen. Federal clean vehicle incentives had only recently been revamped in then-US President Joe Biden's massive investment in clean technologies as part of the Inflation Reduction Act of 2022.
Americans will pay more at the pump if Donald Trump succeeds in tossing out tailpipe pollution regulations, a new analysis shows. That's on top of job and GDP losses that could result from stifling innovation in cleaner transportation. The Trump administration wants to do away with the Environmental Protection Agency's ability to regulate greenhouse gas emissions, policies that have encouraged carmakers to manufacture more fuel-efficient cars and electric vehicles over time.
Having covered electric vehicles for close to 10 years now, I've seen how they've evolved and overcome several big issues. The first modern EVs were slow, dull, took forever to charge. Oh, and expensive. Don't forget that one. That changed after Tesla burst onto the scene and forced the industry to wake up. The technology has advanced at a rapid rate since then, and especially here in Europe, you have more and better long-range electric options than ever.
I want to have those current Polestar 2 customers back. I want to have those, because we built it up [the customer base]," Lohscheller said. "I think we did a great job, and I want to keep them in the family.
For Tesla Inc. ( NASDAQ: TSLA) and other popular electric vehicle (EV) makers, the primary competition is not with one another. It is the used versions of their own cars. One analysis showed that a Ford Mustang Mach-E, which sold for $55,000 new, sold for only $33,000 when it reached its first birthday. It had less than 10,000 miles on its odometer and not a single scratch.
A VW spokesperson said: Volkswagen is adjusting the production programme at its plants to match current customer demand for the models built there. In some plants, this will lead to shift cancellations in the coming weeks, while in others it will result in additional shifts. Weekend shifts will be added at VW's Wolfsburg plant, which is considered the home of the company and its combustion engine cars.
Having been summoned by a few clicks in an app, the electric car slows to a halt outside the former cargo hall of Berlin's now defunct Tegel airport. No one is at the wheel, but upon a passenger stepping inside, a voice announces: This is Bartek, I am your driver today. Please buckle up and we can be on our way.
"to better align our product portfolio with the needs of our customers and market conditions." "ZDX has played a valuable role for the Acura brand, and will provide a foundation we will build on next year with the arrival of the all-electric Acura RSX, which will be produced at the EV Hub in Ohio in the second half of 2026, as well as with hybrid-electric Acura models now in development,"
"Market conditions" could mean a lot of things, and none of them are great news for America's EV industry. There are the Trump administration's wide-ranging tariffs, which are hiking up costs and creating migraines for automakers foreign and domestic. And then, of course, there's the looming end to the federal EV tax credit on September 30. Honda did not elaborate on whether the expiring policy played a role in the decision, but the timing is hard to ignore.
Now, investors want in on that same bet: Telo announced Tuesday it has closed a $20 million Series A funding round. The round was co-led by designer Yves Béhar and Tesla co-founder Marc Tarpenning (who are also Telo co-founders), with additional investment from Salesforce CEO Marc Benioff, and early stage funds like TO VC, E12 Ventures, and Neo.
The first mechanic suspected that it depends on the vehicle, but that an electric vehicle would likely save more, as you won't be paying for fuel. However, he speculated that after 10 years, the cost of replacing the battery will likely be so expensive that it matches the price paid for the fuel. "After the 10-year mark, when they start having battery issues, that's where you're gonna make up for it," he said.
Audi's in bad need of a win in China. Sales in its most important global market have been tanking in recent years as customers turn to more advanced options from local newcomers. So in order to turn things around, Audi's calling on a Chinese automaker to help make something suited to that country-and it seems to be working. Audi's namesake all-caps brand for China is actually off to a strong start.
