EVXL.co (2025)

03/03/2025

Chinese EV Manufacturers Report Explosive Growth as BYD Maintains Market Leadership China’s electric vehicle market continues to surge with impressive momentum, as leading manufacturers reported substantial February delivery figures over the weekend. BYD and XPeng demonstrated particularly strong performance, with several players showing triple-digit year-over-year growth amid an increasingly competitive landscape. BYD Dominates with Record-Breaking Sales Performance BYD, Tesla’s most formidable global competitor, delivered 322,846 electric vehicles in February, representing a 7.4% increase compared to January and a staggering 164% jump year-over-year. The company’s international expansion has gained significant traction, with overseas sales reaching 67,025 units—a record high for the third consecutive month. This represents a 1% increase from January and […] by Haye Kesteloo

China's electric vehicle market continues to surge with impressive momentum, as leading manufacturers reported substantial February delivery figures over the

03/03/2025

National Tesla Protests Erupt Over Musk's Role in Federal Job Cuts Nationwide demonstrations targeting Tesla showrooms broke out on Saturday as protestors voiced opposition to CEO Elon Musk’s controversial role in the Trump administration’s aggressive federal workforce reduction program, according to Reuters. The protests highlight growing tensions between the EV maker’s progressive climate image and its founder’s political activities. Mass Protests Target Tesla Showrooms Nationwide Police arrested nine demonstrators during a particularly heated protest outside a New York City Tesla dealership. The event attracted hundreds of participants and was part of a coordinated “Tesla Takedown” campaign that simultaneously targeted multiple Tesla retail locations across the country. Similar scenes unfolded at Tesla […] by Haye Kesteloo

Nationwide demonstrations targeting Tesla showrooms broke out on Saturday as protestors voiced opposition to CEO Elon Musk's controversial role in the Trump

27/02/2025

Trump Administration Orders Shutdown of EV Chargers at Federal Buildings, Signaling Major Policy Shift In a striking reversal of electric vehicle (EV) support, the Trump administration has directed the shutdown of EV chargers at federal buildings across the United States. This decision, reported by Bloomberg, underscores a broader effort to dismantle pro-EV initiatives established under the Biden administration. For EV enthusiasts, industry professionals, and federal workers alike, this move raises critical questions about the future of electric mobility in the U.S. government and beyond. GSA Reclassifies Chargers as “No Longer Mission Critical” The General Services Administration (GSA), which oversees federal properties and vehicle fleets, has deemed EV charging stations non-essential. According to an internal […] by Haye Kesteloo

In a striking reversal of electric vehicle (EV) support, the Trump administration has directed the shutdown of EV chargers at federal buildings across the

26/02/2025

Tesla Sales Plummet in Europe Amid Brand Image Concerns and Rising Competition Tesla’s European sales have plummeted by 45% year-over-year, with vehicle registrations dropping from 18,161 in January 2024 to just 9,945 in January 2025, according to the European Automobile Manufacturers’ Association (ACEA). This sharp decline, reported by The Washington Post in a February 25 article, is attributed to a combination of factors, including CEO Elon Musk’s controversial public persona and intensifying competition from Chinese automakers like SAIC Motor and BYD. Sales Figures and Market Trends The downturn is even more stark within the European Union (EU), where Tesla’s registrations fell by 50%, from 15,130 to 7,517 units over the same period. […] by Haye Kesteloo

Tesla's European sales have plummeted by 45% year-over-year, with vehicle registrations dropping from 18,161 in January 2024 to just 9,945 in January 2025,

26/02/2025

Lucid Motors CEO Steps Down Amid Financial Challenges and Gravity SUV Launch Lucid Motors announced on February 25, 2025, that CEO Peter Rawlinson is stepping down effective immediately, transitioning to the role of Strategic Technical Advisor to the Chairman of the Board. Chief Operating Officer Marc Winterhoff has been named interim CEO while the company searches for a permanent replacement. This leadership shift occurs as Lucid, founded in 2016, prepares for the launch of its Gravity SUV and reports a record 10,241 vehicle deliveries in 2024—a 71% increase from 2023—despite a fourth-quarter net loss of $636.9 million. Backed by Saudi Arabia’s Public Investment Fund, Lucid has positioned itself as a luxury EV […] by Haye Kesteloo

Lucid Motors announced on February 25, 2025, that CEO Peter Rawlinson is stepping down effective immediately, transitioning to the role of Strategic Technical

06/01/2025

Norway Achieves Historic 89% EV Market Share in 2024, Setting Global Benchmark Norway has achieved an unprecedented milestone in electric vehicle adoption, with battery-electric vehicles accounting for 88.9% of all new car sales in 2024, up from 82.4% the previous year according to data from the Norwegian Road Federation (OFV). This remarkable achievement positions Norway as the global leader in EV adoption, with Tesla leading sales, followed by Volkswagen and Toyota. Notably, Chinese manufacturers have captured nearly 10% of new vehicle sales, signaling increasing competition in the market. The success of Norway’s electric transition stems from a carefully crafted policy framework that combines significant financial incentives with consistent long-term planning. Unlike many […] by Haye Kesteloo

Norway has achieved an unprecedented milestone in electric vehicle adoption, with battery-electric vehicles accounting for 88.9% of all new car sales in 2024,

31/12/2024

Tesla Set to Miss 2024 Delivery Target Despite Record Quarter Tesla is poised to fall short of its annual delivery goals for 2024, despite what’s likely to be another record-setting quarter. Industry analysts reportedly project Q4 deliveries of around 506,763 vehicles, which would leave the electric vehicle maker slightly below its 2023 total of 1.8 million units delivered. The projected shortfall comes after Tesla abandoned its ambitious 50% annual growth target earlier in 2024, adjusting expectations to “slight growth” amid challenging market conditions. Even achieving the consensus estimate would result in approximately 1,801,709 deliveries for the year, falling marginally short of 2023’s 1,808,581 vehicles. Some Wall Street analysts maintain a […] by Haye Kesteloo

Tesla is poised to fall short of its annual delivery goals for 2024, despite what's likely to be another record-setting quarter. Industry analysts reportedly

27/12/2024

Hertz Offers Deep Discounts to Renters as It Offloads EV Fleet Hertz is taking an innovative approach to reducing its electric vehicle fleet, offering significant discounts to current renters who might be interested in purchasing their rental vehicles. The rental giant is listing 2023 Tesla Model 3s for as low as $17,913 – a striking price point that sits well below current market values, reports The Verge. The company’s strategy extends beyond Tesla vehicles, with 2023 Chevrolet Bolts being offered at $18,442 and Polestar 2 models available around $28,500. These prices represent substantial discounts compared to both new and typical used market values, even considering the rental fleet history. The vehicles […] by Haye Kesteloo

Hertz is taking an innovative approach to reducing its electric vehicle fleet, offering significant discounts to current renters who might be interested in

26/12/2024

Milwaukee Secures $15M Federal Grant to Quadruple Public EV Charging Network Milwaukee is set to dramatically expand its electric vehicle charging infrastructure through a $14.96 million federal grant, addressing critical gaps in charging accessibility while prioritizing historically underserved communities. The Department of Transportation’s Charging and Fueling Infrastructure program funding will enable the installation of 53 new charging stations with 212 ports across the city, effectively quadrupling the current network according to Wisconsin Public Radio. The expansion represents a strategic approach to EV infrastructure deployment, with Milwaukee Public Library locations serving as primary installation sites. This decision leverages the library system’s established presence across diverse neighborhoods, creating convenient charging hubs where drivers […] by Haye Kesteloo

Milwaukee is set to dramatically expand its electric vehicle charging infrastructure through a $14.96 million federal grant, addressing critical gaps in

26/12/2024

BYD Contractor Denies Labor Violation Claims at Brazilian Factory Site Chinese electric vehicle manufacturer BYD’s contractor Jinjiang Group has strongly refuted allegations of “slavery-like conditions” at its Brazilian factory construction site, characterizing the claims as a misunderstanding stemming from translation and cultural differences, reports Reuters. The controversy emerged after Brazilian labor authorities reported finding 163 Chinese nationals working under concerning conditions at BYD’s facility in Bahia state. The incident has cast a shadow over BYD’s ambitious expansion plans in Brazil, where the company is constructing what will become its largest overseas manufacturing facility. The plant, located in Camaçari, is designed to produce 150,000 vehicles annually when operations commence in 2024 […] by Haye Kesteloo

Chinese electric vehicle manufacturer BYD's contractor Jinjiang Group has strongly refuted allegations of "slavery-like conditions" at its Brazilian factory

24/12/2024

Tesla Model Q: A $30,000 Compact EV Signals Major Market Shift Tesla appears poised to enter the competitive compact electric vehicle segment with its long-rumored affordable model, now dubbed the Model Q. According to a Deutsche Bank investor report, the automaker plans to launch this strategic entry-level vehicle in the first half of 2025 at a price point starting under $30,000 with federal incentives, reports The Independent. The timing of this announcement marks a significant shift from CEO Elon Musk’s earlier dismissal of a $25,000 Tesla as “pointless.” This reversal suggests mounting pressure from competitors in the European market, where compact EVs like the Mini Cooper Electric and upcoming Renault 5 […] by Haye Kesteloo

Tesla appears poised to enter the competitive compact electric vehicle segment with its long-rumored affordable model, now dubbed the Model Q. According to a

24/12/2024

China's EV Surge Signals Structural Shift in Global Oil Markets China’s rapid electric vehicle adoption is creating unprecedented pressure on traditional oil markets, with potential long-term implications for global energy dynamics. The world’s largest automotive market is witnessing a fundamental transformation as electric vehicles capture over 50% of new passenger car sales, according to recent data from the China Passenger Car Association, reports the WSJ. This seismic shift is already affecting oil consumption patterns. The International Energy Agency (IEA) projects China’s oil demand growth will slow dramatically, with consumption expected to rise by just 0.8% in 2024 and 1.3% in 2025. This represents a marked departure from China’s historical role […] by Haye Kesteloo

China's rapid electric vehicle adoption is creating unprecedented pressure on traditional oil markets, with potential long-term implications for global energy

23/12/2024

Autonomous Vehicle Race Intensifies: Industry Faces Profitability Challenge in 2025 The autonomous driving landscape is poised for a significant shift in 2025, as manufacturers race to integrate advanced driver assistance systems (ADAS) despite uncertain profit prospects. According to McKinsey analysis, the autonomous driving market could reach $400 billion by 2035, yet achieving meaningful returns on these massive investments remains challenging., reports Reuters. The current autonomous driving capability spectrum spans from Level 0 (no automation) to Level 5 (full automation). While companies like Waymo, Pony AI, and Baidu are already operating Level 4 robotaxis in controlled environments, mass-market adoption remains limited. Canalys data indicates that only 5.5% of vehicles sold in […] by Haye Kesteloo

The autonomous driving landscape is poised for a significant shift in 2025, as manufacturers race to integrate advanced driver assistance systems (ADAS)

21/12/2024

Honda and Nissan Explore Factory Sharing in Deepening Partnership Japanese automotive giants Honda and Nissan are considering a significant expansion of their strategic partnership that could include shared vehicle production facilities, marking a potential shift in Japan’s automotive landscape. The development follows their March 2024 agreement to collaborate on electric vehicle development. According to a report from the Japan Times, Honda may leverage Nissan’s manufacturing facility in Sunderland, UK, to establish a stronger European production footprint beyond its current engine and motorcycle operations in the region. The arrangement could also see Honda supplying its proven hybrid technology to Nissan, though neither company has officially confirmed these specific details. Such […] by Haye Kesteloo

Japanese automotive giants Honda and Nissan are considering a significant expansion of their strategic partnership that could include shared vehicle

21/12/2024

Archer Aviation Set to Launch World's First Commercial eVTOL Service in Abu Dhabi Archer Aviation is positioning Abu Dhabi to become the world’s first city with a commercial electric vertical takeoff and landing (eVTOL) air taxi service, with operations scheduled to begin in 2025, reports Forbes. The California-based company recently secured crucial agreements with eight public and private entities in Abu Dhabi, marking a significant milestone in urban air mobility development. The announcement represents a major step forward in the commercialization of eVTOL technology, backed by substantial regulatory and infrastructure support from the UAE government. Archer’s Chief Commercial Officer Nikhil Goel, who previously co-founded Uber Elevate, revealed that the company has secured comprehensive […] by Haye Kesteloo

Archer Aviation is positioning Abu Dhabi to become the world's first city with a commercial electric vertical takeoff and landing (eVTOL) air taxi service,

21/12/2024

US EV Sales Show Strong Growth as Market Matures, Supply Chain Concerns Loom Electric vehicle sales in the United States continued their upward trajectory in November, with a 10% month-over-month increase and a 13.6% jump compared to November 2022, according to new data from Cox Automotive. This growth comes as the EV market shows signs of normalizing inventory levels and maintaining steady price points, though upcoming regulatory changes could impact availability of federal tax incentives, reports KBB. EVs now represent 8.5% of new vehicle sales in the US market, while the used EV segment holds a modest but growing 1.8% share. These figures suggest increasing mainstream adoption, particularly as manufacturers and dealers have […] by Haye Kesteloo

Electric vehicle sales in the United States continued their upward trajectory in November, with a 10% month-over-month increase and a 13.6% jump compared to

21/12/2024

Stellantis Extends Mirafiori Plant Shutdown Amid EV Market Challenges Stellantis has announced a further extension of its production pause at the historic Mirafiori plant in Italy, signaling deepening concerns about electric vehicle demand in the European market. The shutdown, initially planned until January 5, will now continue through January 20 for the Fiat 500e and extend to February 3 for Maserati’s luxury EV models according to Reuters. The decision affects production of both the Stellantis group’s mass-market Fiat 500e and its premium offerings, including the Maserati GranTurismo and GranCabrio models. This latest extension follows previous production halts at the facility in September and October 2023, reflecting a broader pattern […] by Haye Kesteloo

Stellantis has announced a further extension of its production pause at the historic Mirafiori plant in Italy, signaling deepening concerns about electric

21/12/2024

Tesla's Cybertruck Faces Market Resistance as Registration Numbers Show Decline Tesla’s ambitious growth targets for 2024 face mounting headwinds as early indicators suggest softer-than-expected demand for its highly anticipated Cybertruck, while the company grapples with broader market challenges across its aging vehicle lineup, reports Reuters. The electric vehicle pioneer, which delivered a record 1.81 million vehicles in 2023, is struggling to maintain its characteristic growth trajectory amid rising interest rates and increasing competition from hybrid vehicles. CEO Elon Musk’s target of 20-30% sales growth in 2024 appears increasingly dependent on both the Cybertruck’s market performance and the introduction of more affordable vehicle options. Data from S&P Global Mobility reveals concerning […] by Haye Kesteloo

Tesla's ambitious growth targets for 2024 face mounting headwinds as early indicators suggest softer-than-expected demand for its highly anticipated

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