EV prices dipped in May as incentives surged and Tesla’s price cuts led the way, especially for the Model Y, the best-selling EV in the US.

May 2025 saw BYD keep Malaysia’s EV sales crown on its head with 1,148 units, according to the road transport department’s (JPJ) data. Tesla leapt from selling just 108 units in April to a surprising

VinFast entered Canada with big promises and high hopes, but now, it’s pulling back fast as the EV market faces new pressures.

It wasn’t long ago that Tesla CEO Elon Musk was advocating for ending the $7,500 tax credit for buyers of electric vehicles. “Take away the subsidies. It will only help Tesla,” he said in a post on his social media platform X last year,

Sales of electric vehicles in the U.S. will increase a bit in 2025 as Tesla weathers a storm, but both are likely to achieve solid growth through 2030.

Still, GM managed to sell 62,830 electric cars, trucks, and SUVs between January and the end of May. The first quarter alone saw a 94 percent year-over-year jump, and that momentum hasn’t let up. May turned out to be the company’s second-best month ever for EV sales, pushing GM to a 15.5 percent share of the current EV market.

President Trump has been feuding with Elon Musk over The One, Big, Beautiful Bill. Here's why Musk could have suddenly changed his tune on the Trump administration.

While eliminating the electric vehicle tax credit would likely lead to a drop in EV sales and production, Tesla sales would probably remain largely unaffected, one expert says.

Although Tesla is increasingly viewed as an AI company, roughly three-fourths of its revenue and gross profit come from selling cars.

That’s a big deal for GM, which has struggled (as have other automakers) with the bumpy rollout of NACS adapters to its EV customers. As the first native NACS vehicle, the Optiq-V signals the start of a more seamless, less dongle-dependent charging future for GM’s EVs.

Another Cadillac EV has earned the iconic “V” badge. The 2026 Cadillac Optiq-V is a new entry-level sports electric

ARK Invest chief executive Cathie Wood believes electric vehicle maker Tesla (TSLA) can hit an astronomical valuation in 2030.