China’s electric vehicle (EV) industry has surged to global dominance, capturing 70% of EV sales in 2024, driven by companies like BYD and Geely. With advanced technology, low costs, and massive government support, China outpaces Western automakers, prompting concerns about competitiveness. Ford’s CEO called it a “humbling” challenge, as Chinese EVs expand into markets like … Read more
The US used electric vehicle (EV) market is witnessing a record surge in sales, driven by a looming federal tax credit deadline. Buyers are rushing to claim up to $4,000 in incentives for eligible used EVs priced under $25,000 before potential policy changes in 2025. Rising demand for affordable models and off-lease vehicles fuels this … Read more
Global electric vehicle (EV) sales soared by 24% in May 2025, reaching 1.6 million units, driven by China’s record-breaking 1.02 million sales. Europe saw a 27% year-to-date rise, while North America lagged at 3%. Falling battery costs and government incentives fuel optimism, though policy shifts in the US pose challenges. India’s EV market also grew, … Read more