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A space for electric vehicle charging in London, U.K.
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The CEO of major automotive retailer Pendragon has acknowledged the challenges facing the electric vehicle sector but believes that adoption rates will increase going forward.

Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Bill Berman said powertrains needed to change and described himself as “a big fan of electric vehicles.”

“I’m also a big fan of hydrogben — I think it has a role to play and I think it’ll start coming on a little bit stronger in the years to come,” he said. “People’s hesitancy … around electric is multifaceted,” he added.

“First off, it’s unknown — no one’s ever driven an electric car so there’s a lot of uncertainty that goes along with that,” Berman said, alluding to the fact many people are yet to get behind the wheel of an EV.

“There’s range anxiety which most consumers call out. Even though … most consumers drive less than 50 miles a day, knowing that you can’t easily refuel your vehicle creates hesitancy.”

Range anxiety refers to the idea that electric vehicles aren’t able to undertake long journeys without running out of charge and getting stranded. In order to tackle this, sufficient charging infrastructure will need to be developed in the years ahead.

To this point, Berman explained how, in his view, there were challenges related to where a vehicle could be charged. “Most homes aren’t equipped power supply wise, most office buildings don’t have it,” he said.

“It’s kind of the proverbial ‘chicken and egg’ but as more electric vehicles are sold and more infrastructure is put in — whether it’s in North America, Europe or the U.K. — I think adoption rates will rise.”

Change does seem to be on the horizon when it comes to the types of vehicles people use. The U.K., for example, has laid out plans to move away from the internal combustion engine and develop a net-zero transport sector by 2050.

It wants to stop the sale of new diesel and petrol cars and vans by 2030 and require, from 2035, all new cars and vans to have zero tailpipe emissions.

Elsewhere, the European Commission, the EU’s executive arm, is targeting a 100% reduction in CO2 emissions from cars and vans by 2035.

As technology develops and concerns about the environment grow, the automotive industry looks set for some significant changes in the years ahead.

In his interview with CNBC, Berman sought to paint a picture of how this might play out. “I think people will adopt … alternative modes of transportation,” he said.

“I think people will adopt different ways to commute and get around, as well as different powertrains … whether it’s electric, hydrogen.”

“At some point down the road there’s going to be autonomous vehicles,” he said. “And, you know, you could be calling a pod to pick you up, Uber-esque and … take you to the market every day.”

Pendragon, which is headquartered in the U.K. and listed on the London Stock Exchange, on Wednesday announced an underlying profit before tax of £35.1 million ($48.55 million) for the first half of the financial year. This compares to a £31 million loss for the first half of the financial year in 2020.

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BYD’s 3,000 hp Yangwang U9 hypercar breaks Nürburgring EV record with sub-7-min lap

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BYD’s 3,000 hp Yangwang U9 hypercar breaks Nürburgring EV record with sub-7-min lap

BYD’s luxury brand, Yangwang, has claimed a new Nürburgring Nordschleife record for a production electric vehicle with its U9 hypercar.

The automaker released video of the Yangwang U9 Xtreme, a limited-edition version of the car, completing a lap of the “Green Hell” in a blistering 6:59.157 last month.

It made the U9 the first production EV to break the 7-minute barrier at the legendary German track.

Today, the run, driven by German racer Moritz Kranz, was officially certified by Nürburgring officials.

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BYD announced:

Only weeks after becoming the fastest production car in history with a top speed of 496.22 km/h, the YANGWANG U9X has now conquered the Nürburgring Nordschleife in record time, completing the lap in 6:59.157, making it the fastest EV production vehicle around the track.

The time shaved a significant five seconds off the previous record, a 7:04.957 lap set earlier this year by the Xiaomi SU7 Ultra.

The production EV record at Nürburgring has been frequently broken over the last few years. It even changed hands several times in the same month at times – a testament to how rapidly EV technology is improving.

It is also a somewhat controversial title due to what people consider to be a “production vehicle”.

The Yangwang U9 Xtreme isn’t your average EV. It’s built on a 1200-volt platform and uses four electric motors (one at each wheel) to produce a combined output of nearly 3,000 hp. This is the same car that also claimed the world record for the fastest production car, hitting a top speed of 308 mph (496 km/h) last month.

It’s built in a limited-run production with only about 30 units reportedly planned – hence why some people might question the “production EV” part.

Electrek’s Take

I know there’s going to be some pushback on this, but regardless, a sub-7-minute lap in any car is serious business, and doing it in an EV is doubly impressive — credit where it’s due.

Does a Nürburgring lap time matter for 99.9% of EV buyers? Absolutely not. But it is an excellent showcase of the rapidly improving EV technology.

BYD and Yangwang are clearly utilizing the U9 platform to push their engineering capabilities, relying heavily on their “e⁴ Platform” and “DiSus-X” intelligent body control system to manage the immense power on a demanding track.

It’s impressive to see BYD produce something like the U9 at the very high end of the automotive spectrum, and then something like the $10,000 Seagull at the other end.

That’s quite a range.

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After a sluggish spring, US wind power is set for a 7.7 GW rebound

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After a sluggish spring, US wind power is set for a 7.7 GW rebound

According to the latest “US Wind Energy Monitor” report from Wood Mackenzie and the American Clean Power Association (ACP), developers installed 593 megawatts (MW) of new wind capacity in Q2 2025 – a 60% drop from the same quarter last year. But the US wind industry is expected to rebound fast, with 51% of forecasted capacity to come online in Q4 and full-year installations projected to hit 7.7 gigawatts (GW).

Onshore developers are in a race

The onshore wind market outlook rose 3.6% quarter-over-quarter (2.4 GW) as developers push to complete projects before federal tax credits expire.

“We are seeing this uptick in the near term because many projects are shovel-ready or under construction, fully permitted, and with a turbine order in place,” said Leila Garcia da Fonseca, director of research at Wood Mackenzie. “However, we will face uncertainty later in this decade due to tariff investigations and permitting challenges.”

Federal policy uncertainty has created a lot of headaches for the wind industry in H1 2025. While the Treasury Department’s guidance on tax credit eligibility provided a 7% boost to near-term installations, new tariff investigations could negatively impact two-thirds of the supply chain for wind turbine components. The Department of Commerce’s national security probe into imported turbine components threatens to raise project costs by as much as one-third, potentially delaying or derailing late-decade projects.

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“We’re seeing policy whiplash,” Garcia da Fonseca added. “Treasury guidance helps the advanced development pipeline, but tariff investigations and permitting hurdles are creating uncertainty beyond 2027.”

Western states are expected to lead wind activity through 2029, accounting for 31% of new capacity, followed by the Midwest. Illinois is set to overtake Texas with the most new onshore capacity in 2027, with more than 1.8 GW expected to come online.

Offshore wind’s five-year outlook

The offshore sector continues to face headwinds of federal stop-work orders and regulatory uncertainty. Even so, Wood Mackenzie projects 5.9 GW of offshore capacity will come online by 2029, with most of it arriving in 2026 and 2027.

“Recent federal stop-work orders and regulatory uncertainty have disrupted the offshore wind sector, weakening already fragile offtake opportunities and exposing the high investment risk in US offshore wind development,” Garcia da Fonseca said. “However, our five-year outlook remains unchanged, and 70% of forecasted capacity is already under construction.”

The next big year for US wind

Wood Mackenzie expects average annual installations of 9.1 GW over the next five years across onshore, offshore, and repowering projects. By the end of 2029, total installed wind capacity is projected to hit 196.5 GW, including about 35.5 GW from new onshore builds, 6 GW offshore, and 4.5 GW from repowering.

A major spike is expected in 2027, when shovel-ready projects are slated to connect at a record pace, adding 12.3 GW of new capacity.

“Despite political headwinds, wind projects are demonstrating market resilience,” said Garcia da Fonseca. “Wind continues to secure interconnection service agreements in 2025 despite anti-wind rhetoric. The technology maintains meaningful market presence even as solar and storage lead interconnection activity, with leadership concentrated in SPP and ERCOT.”

Read more: FERC: Solar + wind made up 90% of new US power generating capacity to July 2025


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GM kills BrightDrop electric van production, blames ‘slow demand’ as sales were ramping

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GM kills BrightDrop electric van production, blames 'slow demand' as sales were ramping

General Motors today pulled the plug on its BrightDrop electric delivery van program, announcing it will permanently end production at its CAMI Assembly plant in Ingersoll, Ontario.

This is a disappointing reversal for a program that was supposed to be a cornerstone of GM’s commercial EV ambitions.

In a statement, the company blamed a “slower than expected” commercial EV market, a “changing regulatory environment,” and the elimination of US tax credits for the decision. Production will not be moved elsewhere; the BrightDrop Zevo line is, for all intents and purposes, dead.

The move comes just two years after GM, with $500 million in Canadian government support, celebrated opening CAMI as Canada’s “first full-scale EV manufacturing plant.”

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The company delivered a marginal 146 vans in the US in 2022 and just 497 in all of 2023.

But things were finally picking up this year despite a production pause in April.

Data from 2025 shows the ramp was finally hitting its stride, with sales reportedly jumping to 2,384 units in the third quarter alone—a massive 869% increase year-over-year. The company was on track to sell around 4,000 units this year.

That’s not a massive number, but it was heading in the right direction.

GM, however, sees it differently. As noted by industry observers, GM executives are comparing BrightDrop’s 4,000 sales to the 60,000+ sales of its ancient, gas-guzzling Chevy Express and GMC Savana vans, a platform that dates back to the 1990s.

While GM’s official statement to the CBC was that the decision was “simply a demand and a market-driven response,” the Unifor auto union isn’t buying it. The union, which represents the 1,200 laid-off workers, squarely blamed the “dangerous and destabilizing auto policies” of the Trump administration for undoing EV supports.

Furthermore, vehicle programs that cross the US-Canada border have faced significant challenges in 2025 due to the trade war launched by the Trump administration against Canada.

Electrek’s Take

It’s another EV pullback partly based on government actions.

But we can’t blame everything on Trump. GM is quick to pull back its EV programs due to political considerations, which do drive demand.

The company took half a billion dollars in taxpayer money to retool a factory, only to abandon it less than 36 months after the first van rolled off the line. They are abandoning what will undoubtedly be a growing market in the long term, ceding ground to Ford’s E-Transit and Rivian’s van, and blaming “low demand” at the very moment sales were beginning to spike.

Brightdrop’s lineup was a bit bigger than other commercial electric vans, which might have limited its market, but I still think that long-term, there will be a singnifcant market for electric vans in this segment.

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