After the historic public listing of Volkswagen’s sports performance brand, Porsche, the automaker’s chief financial officer (CFO), Arno Antiliz, says VW is ready and well funded to execute its EV strategy. He also mentions the possibility of listing its battery unit, PowerCo, to free up even more funds and accelerate battery cell development.
Porsche made its highly anticipated public trading debut Thursday on the Frankfurt Stock Exchange, hitting the top end of VW’s guidance at around $73 billion in value while receiving around 9.6 billion euros ($9.37 billion) in proceeds. The substantial listing makes it the largest IPO in Europe since Glencore, a commodity company, in 2011.
Despite poor market conditions, VW went ahead with the listing, knowing Porsche’s superior brand appeal could attract investors.
Many investors are looking for the next Ferrari or Tesla stock. Ferrari was another luxury sports carmaker that went public during challenging market conditions in 2015. However, with higher profit margins and being one of the most recognized brands in high-performance vehicles, investors jumped in as Ferrari raised around $10 billion in its IPO.
VW gained around $9.4 billion from the Porsche listing, which the automaker plans to use to fund its EV ambitions. Volkswagen’s CEO, Oliver Blume, commented on Porsche’s listing, saying:
Our increased degree of autonomy puts us in a very good position to implement our ambitious goals in coming years.
The proceeds from the Porsche listing will give VW the ability to invest back into the company, accelerating its electric vehicle production. In particular, VW looks to establish a fully integrated value chain, complete with electric vehicles, batteries, battery cells, raw materials, and equipment. The automaker’s CFO suggests PowerCo (VWs battery business) may be the next to go public.
Will VW’s PowerCo go public after the Porsche listing?
Volkswagen’s CFO shut down rumors of the automaker listing another premium division, such as Audi, instead hinting a PowerCo IPO could be in the works, saying:
The next project is strategic partnerships or a potential IPO of the battery unit – I can’t say more for now.
The CFO then claimed:
We do not rule out an IPO of the battery unit, but the financial flexibility we won today allows us to further strengthen our work in batteries alone. Then we will consider adding strategic partners later on.
PowerCo is a 100% owned VW subsidiary, created in July 2022 to take on the automaker’s battery operations. According to VW, the battery unit has the potential to produce up to €20 billion in revenue annually.
The battery unit plans to open six Gigafactories with 240 GWh capacity by 2030, with the first coming in Salzgitter, Germany, and two others planned for Sweden and Spain. The Salzgitter factory will act as a blueprint for VW, with production expected to begin in 2025.
Volkswagen is leading the auto industry in electric vehicle and battery investments. At the same time, supply constraints remain an issue for the foreseeable future. It will take time for these and other automaker’s battery plants to come online and begin production.
VW is hoping the Porsche listing will help accelerate its EV plans. With the option of also listing its battery company, PowerCo, the automaker should remain well funded as the transition to EVs continues to accelerate.
FTC: We use income earning auto affiliate links.More.
Solar and wind accounted for 90% of new US electrical generating capacity added in the first seven months of 2025, according to data just released by the Federal Energy Regulatory Commission (FERC). In July, solar alone provided 96% of new capacity, making it the 23rd consecutive month solar has held the lead among all energy sources.
Solar’s new generating capacity in July and YTD
In its latest monthly “Energy Infrastructure Update” report (with data through July 31, 2025), which was reviewed by the SUN DAY Campaign, FERC says 46 “units” of solar totaling 1,181 megawatts (MW) were placed into service in July, accounting for over 96.4% of all new generating capacity added during the month.
The 434 units of utility-scale (>1 MW) solar added during the first seven months of 2025 total 16,050 MW and were 74.4% of the total new capacity placed into service by all sources.
Solar has now been the largest source of new generating capacity added each month for 23 consecutive months from September 2023 to July 2025. During that period, total utility-scale solar capacity grew from 91.82 gigawatts (GW) to 153.09 GW. No other energy source added anything close to that amount of new capacity. Wind, for example, expanded by 10.68 GW, while natural gas increased by just 3.74 GW.
Advertisement – scroll for more content
Renewables were 90% of new capacity added YTD
Between January and July, new wind provided 3,288 MW of capacity additions – significantly more than the new capacity provided by natural gas (2,207 MW). Wind thus accounted for 15.2% of all new capacity added during the first seven months of 2025.
For the same period, the combination of solar and wind (plus 4 MW of hydropower and 3 MW of biomass) was 89.6% of new capacity, while natural gas provided just 10.2%; the balance came from coal (18 MW), oil (17 MW), and waste heat (17 MW).
Solar + wind are 23.23% of US utility-scale generating capacity
Utility-scale solar’s share of total installed capacity (11.42%) is now almost equal to that of wind (11.81%). Taken together, they constitute 23.23% of the US’s total available installed utility-scale generating capacity.
Moreover, at least 25-30% of US solar capacity is in the form of small-scale (e.g., rooftop) systems that are not reflected in FERC’s data. Including that additional solar capacity would bring the share provided by solar + wind to more than a quarter of the US total.
With the inclusion of hydropower (7.61%), biomass (1.07%), and geothermal (0.31%), renewables currently claim a 32.22% share of total US utility-scale generating capacity. If small-scale solar capacity is included, renewables are now more than one-third of total US generating capacity.
Solar still on track to become No. 2 source of US generating capacity
FERC reports that net “high probability” additions of solar between August 2025 and July 2028 total 92,631 MW – an amount more than four times the forecast net “high probability” additions for wind (22,528 MW), the second fastest-growing resource.
FERC also foresees net growth for hydropower (579 MW) and geothermal (92 MW) but a decrease of 131 MW in biomass capacity.
Taken together, the net new “high probability” capacity additions by all renewable energy sources over the next three years – the bulk of the Trump Administration’s remaining time in office – would total 115,120 MW.
There are now 35 MW of new nuclear capacity in FERC’s three-year forecast, while coal and oil are projected to contract by 25,017 MW and 1,576 MW, respectively. Natural gas capacity would expand by just 8,276 MW.
Should FERC’s three-year forecast materialize, by mid-summer 2028, utility-scale solar would account for more than 17% of installed U.S. generating capacity – more than any other source besides natural gas (40%). Further, the capacity of the mix of all utility-scale renewable energy sources would exceed 38%. Inclusion of small-scale solar systems would push renewables ahead of natural gas.
“With one month of Trump’s ‘One Big Beautiful Bill’ now under our belts, renewables continue to dominate capacity additions,” noted the SUN DAY Campaign’s executive director, Ken Bossong. “And solar seems poised to hold its lead in the months and years to come.”
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
Toyota’s electric vehicle sales plunged as it prepares for a new wave of models. The new EVs are bringing much-needed upgrades, including more range, faster charging, revamped designs, and more.
Toyota’s EV sales crashed in Q3 as new models roll out
Despite most automakers reporting record EV sales as buyers rushed to claim the $7,500 federal tax credit, Toyota was an outlier, selling just 61 BZ models in September.
Including the Lexus RZ, which managed 86 sales, Toyota sold just 147 all-electric vehicles in the US last month, over 90% less than the 1,847 it sold in September 2024.
Toyota’s total sales were up 14% with over 185,700 vehicles sold, meaning EVs accounted for less than 0.1%. Through the first nine months of the year, sales of the BZ and Lexus RZ are down 9% and 36% compared to the year prior.
Advertisement – scroll for more content
So, why is Toyota struggling to sell EVs when the market is booming? For one, it’s basically sold out of its current EV models, the bZ4X and Lexus RZ.
2026 Toyota bZ electric SUV (Source: Toyota)
The 2026 Toyota BZ (formerly the bZ4X) is arriving at US dealerships, promising to fix some of the biggest complaints with the outgoing electric SUV.
Powered by a larger 74.7 kWh battery, the 2026 Toyota BZ offers up to 314 miles of driving range, a 25% improvement from the 2025 bZ4X.
2026 Toyota bZ electric SUV (Source: Toyota)
The electric SUV features Toyota’s new “hammerhead front end” design, similar to that of the new Crown and Camry, with a slim LED light bar and revamped front fascia.
Toyota’s new electric SUV also features a built-in NACS charge port, allowing for recharging at Tesla Superchargers. It also features a new thermal management system and battery preconditioning, which improves charge times from 10% to 80% in about 30 minutes.
The interior of the 2026 Toyota bZ (Source: Toyota)
The base 2026 BZ XLE FWD starts at just $34,900, but uses a smaller 57.7 kWh battery, good for 236 miles range.
The 2026 Lexus RZ received similar updates. Next year, Toyota is launching two more fully electric SUVs, the 2026 C-HR and BZ Woodland.
2026 Toyota bZ trim
Battery
Range
Starting Price*
XLE FWD
57.7 kWh
236 miles
$34,900
XLE FWD Plus
74.7 kWh
314 miles
$37,900
XLE AWD
74.7 kWh
288 miles
$39,900
Limited FWD
74.7 kWh
299 miles
$43,300
Limited AWD
74.7 kWh
278 miles
$45,300
2026 Toyota bZ prices and range by trim (*excluding $1,450 DPH fee)
It’s not just the US that Toyota’s EV sales crashed last month, either. In its home market of Japan, Toyota (including Lexus) sold just 18 EVs in September.
The Japanese auto giant is betting on new models to drive growth. However, it remains committed to offering all powertrain options, including battery electric vehicles (BEVs), hybrids, plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs).
Can Toyota’s new generation of electric vehicles spark a comeback? Let us know your thoughts in the comments.
FTC: We use income earning auto affiliate links.More.
Tesla has confirmed that the new Model Y Performance supports bidirectional charging for both vehicle-to-home (V2H) and vehicle-to-load (V2L) applications.
For now, it only works with Tesla’s outlet adapter dongle.
We have known that Tesla’s onboard charger has had some bidirectional charging capacity for a while now.
However, Tesla doesn’t officially support the capacity in any vehicle other than the Cybertruck… until now.
With the release of the new Model Y Performance in the US yesterday, Tesla has started reaching out to customers who ordered and confirmed that the vehicle supports bidirectional charging:
Vehicle-to-Load (V2L):
Powers external devices (e.g., tools, camping gear, appliances) via the charge port using a compatible V2L adapter (e.g., Tesla’s discharger or third-party like Tlyard, ~$200–$400).
Provides up to 11.5 kW of export power (120V/240V outlets, ~3–5 kW continuous) from the 82 kWh battery.
Enabled via OTA software update (version 2025.20 or later, expected Q4 2025).
Vehicle-to-Home (V2H):
Supplies power to a home for backup or grid offset, requiring a Tesla Powerwall 3 or compatible bidirectional inverter and V2H adapter (~$1,000–$2,500 for hardware/installation).
Tesla also said on X today:
New Model Y Performance offers Vehicle to Load (120V 20A AC) with Tesla Outlet Adapter
Based on the communications with customers and this message on X, it appears that the feature only works with adapters for now, such as the Tesla Powershare outlet adapter:
But more capacity will be enabled through software updates later this quarter.
Electrek’s Take
Tesla confirmed the feature for the Model Y Performance, but the vehicle clearly uses the same onboard charger as in other refreshed Model Y.
Furthermore, we know that the onboard chargers in previous Tesla vehicles for the last few years are capable of bidirectional charging. Tesla is simply not making it available.
Now, it is confirming it on the new Performance version to try to sell the more expensive variant, but I would assume that it will eventually be enabled on other vehicles.
There’s no reason not to, and Tesla would only achieve feature parity with most new EVs hitting the market for years now.
FTC: We use income earning auto affiliate links.More.