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The Latest Breaking News from SP Global Mobility

Trump tariffs could prove nearly as harmful to U.S. auto market as Lehman collapse and COVID outbreak, warn S&P forecasters

In “one of the largest single-month changes” it has ever made to its forecast, S&P Global Mobility cut 700,000 cars from its annual U.S. sales estimate.

Fortune

Lexus Has a 'Young People Problem'

Automakers love to tout their young buyer bases. A few years ago, Dodge claimed it had the youngest customers in the business. In March, Ferrari said that 40 percent of its new clients were under 40. Companies want to appear hip and cool, and many don’t want to muck up…

Motor1

The goods hit first by Trump’s tariffs on Mexico, Canada and China

Imports from Canada and Mexico will be taxed at 25 percent while levies on Chinese products will increase to 20 percent

The Independent UK

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Get Ready: Trump Set to Impose Huge Tariffs on Imported Cars

US President Donald Trump announced yesterday that he intends to levy an approximately 25 percent tariff on car imports. The tax could add thousands of dollars to the price of new vehicles when consumers are clamoring for more affordable options. Last week, Trump said he could enact the tariffs as…

Motor1

The Hyundai Ioniq 5 Is Stealing Tons Of Buyers From Other Brands

Broadly speaking, electric vehicles are throwing loyalty out the window and helping brands steal buyers from competitors in unexpected ways. That's something we've known to be true for years, and it's something car companies brag about constantly. For automakers, "conquests" are a big deal.

InsideEVs

EV Sales Exploded At The End Of 2024. Here's Why

If there's one thing that's enough to convince an American to buy an EV, it's a big fat tax credit—for now at least. It turns out that U.S. car buyers came out in full force post-election, surging the registration of new EVs by 25% in December according to new data…

InsideEVs

Auto stocks fall as investors watch Trump tariffs

The selloff subsided when Trump announced the tax hike on Mexican imports would be postponed for one month.

Fortune

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Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China

President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday

The Independent UK

Trump tariffs on Mexico and Canada could land this weekend. Here are some goods in the crosshairs

President Donald Trump said this week that tariffs on U.S. neighbors Canada and Mexico will arrive Saturday

The Independent UK

Rivian CEO Sounds Alarm On Trump's Tariffs: 'Inflation Could Be Damaging'

Forget the EV tax credit. Rivian founder and CEO R.J. Scaringe is far more concerned about another threat from President Donald Trump: tariffs.

InsideEVs

Electric Vehicle Demand Faces Uncertainty Amid Policy Changes

Explore the projected rise in global sales of battery electric vehicles by 30% in 2025, amid uncertainty from potential policy changes and tariffs.

Top News

2025 Will Be Huge For EVs Unless Tariffs Crash The Party

While you were cheering the ball drop on New Year's Eve, investors were cheering on the EV industry, making them gobs of cash in 2025. Sales are expected to jump by double-digits this year—analysts at SP Global Mobility expect global BEV sales to jump 30% year-over-year, which accounts for around 15.1…

InsideEVs

Global EV Sales Are Projected To Jump 30% In 2025

Electric vehicles will be just fine in 2025, according to the respected auto industry analysts at SP Global Mobility. Despite some carmakers scaling back their EV goals and the uncertainties related to the $7,500 federal tax credit in the United States, EV sales are expected to grow considerably next year.

InsideEVs

Tesla Leans Hard On The Tax Credits That Elon Musk Wants To Cut

It's a hypocrisy of epic proportions. A company led by a CEO who vehemently opposes federal incentives is now leveraging them aggressively as 2024 draws to a close. Tesla CEO Elon Musk supports ending the consumer EV credits, arguing they would ultimately benefit his company and hurt competitors—but as the year…

InsideEVs

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Tesla Stock Rebounds As The Robotaxi Approaches; Waymo Tops 100,000 Weekly Fares

Tesla prepares for its Oct. 10 event, which could possibly shake up the robotaxi world. For now, Waymo dominates.

InsideEVs

The Vast Majority Of Tesla Owners Buy Another One

Tesla's brand loyalty numbers for the first half of 2024 show that more than two-thirds of Tesla owners return to purchase another Tesla.

InsideEVs

China Was Supposed To Be The Future. Now It's A 'Money Pit'

The golden goose is no longer laying eggs for car companies. Also: EVs continue to outpace the rest of the market, but with a catch.

InsideEVs

U.S. EV Registrations Increased In May 2024, Despite Tesla's Decline

In May 2024, all-electric car sales in the United States continued to increase slightly, with another six-digit number of first registrations.

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InsideEVs

Rivian And Volkswagen's Secret Meetings Involved 'Cloaked Audis' Before Deal: Report

Today on Critical Materials; Inside the Rivian/VW joint venture formation, legacy automakers creeping up on Tesla's sale, and one-in-five public chargers broken

Kiplinger

How Old Is Your Car? Americans Set New Record as Prices Stay High

Americans are driving older cars than ever before, a new report shows, as prices for new cars remain high.

The Independent UK

Average US vehicle age hits record 12.6 years as high prices force people to keep them longer

Cars, trucks and SUVs in the U.S. keep getting older

InsideEVs

The Tesla Cybertruck Beat The Rivian R1T In U.S. Registrations

The Ford F-150 Lightning was still the top pick in March, though.

InsideEVs

Tesla Sales Declines Put U.S. EV Registrations Into The Red For First Time Since 2020

Without Tesla, which is the biggest player by far in the EV game, the numbers actually went up compared to last year. But can you have a modern EV industry without Tesla?

InsideEVs

U.S. EV Registrations Accounted For 7.8% Of The Car Market In January 2024

In January, new EV registrations in the U.S. amounted to 89,042 new registrations (up 15% year-over-year), accounting for 7.8% of the market.

InsideEVs

U.S. EV Registrations Accounted For 7.7% Of The Car Market In 2023

In 2023, all-electric car registrations in the United States exceeded 1.1 million units for the very first time. The market share is estimated at 7.7%.

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