Rivian Automotive has reportedly made a confidential deal with the United Auto Workers union, contingent on financial milestones. This comes as Rivian secured a $6.6 billion loan from the Department of Energy for expansion, facing criticism for inefficient use of taxpayer money. The potential unionization could impact labor relations in the EV industry. Rivian aims for profitability by 2025 with its new R2 model.
Tesla’s chief designer hinted at new robotaxi models beyond the Cybercab, suggesting a broader strategy to address various passenger needs. 2025 is set to be a crucial year for Tesla product launches, including the “Model Q” and a long-wheelbase Model Y for China. The company is also exploring autonomous vehicle testing in Austin, Texas. Analysts predict a potential $2 trillion market cap for Tesla by 2025.
Colorado is offering a groundbreaking $0 down, $0 monthly payment lease deal on the Fiat 500e, aiming to boost electric vehicle adoption. The offer includes taxes and fees, totaling around $1,693 over 27 months. This initiative highlights Colorado’s commitment to EVs, complemented by substantial state and federal tax credits.
Baird analyst Ben Kallo offers contrasting assessments of Tesla and Rivian. Tesla remains a top pick due to its long-term growth potential, driven by new models and cost efficiencies. Rivian, however, faces a tougher near-term outlook due to demand concerns and production challenges, resulting in a neutral rating. The analysis reflects the complex dynamics shaping the EV market in 2025.
ChargePoint and General Motors are partnering to install hundreds of ultra-fast EV charging stations across the US by 2025. The initiative includes ChargePoint’s Omni Port system and Express Plus platform, offering high-speed charging for various EV models. An incentive program will encourage further private sector investment, accelerating EV adoption.
Union Minister Nitin Gadkari praised Mahindra’s new electric vehicles, BE 6 and XEV 9e, highlighting India’s progress in the global EV market. Mahindra’s aggressive EV strategy, alongside Tata Motors’ market leadership, signifies a booming Indian electric car sector fueled by government incentives and rising consumer demand.
Gogoro wins Frost & Sullivan’s 2024 Global Company of the Year Award for its innovative battery-swapping ecosystem. This sustainable solution for electric two-wheelers addresses range anxiety and charging limitations, boasting over 650 million battery swaps globally and a vast network of GoStations. Gogoro’s commitment to innovation, customer focus, and collaborative partnerships drives its success in the sustainable urban mobility sector.
Plug In America’s revamped PlugStar.com simplifies EV shopping by offering location-based information on models, incentives, charging, and dealers. Addressing buyer concerns about reliability, affordability, and daily integration, the platform provides tools like a shopping assistant and incentives finder, crucial given the uncertain future of federal tax credits. Users can compare models, calculate costs, and find charging solutions, with a gift card giveaway adding further incentive.
Tesla CEO Elon Musk expressed outrage at the high cost of the US Postal Service’s electric vehicle program, questioning the $10 billion price tag and highlighting significant delays in delivery. The program, partially funded by the Inflation Reduction Act, faces potential cancellation under a Trump administration.
Jay Leno suggests Elon Musk’s relationship with Donald Trump is a savvy marketing move boosting Tesla sales among conservatives. However, sales data contradicts this, showing declining sales in the US and Europe despite a rise in China. This article analyzes the conflicting claims and the implications for Tesla’s future.
