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Electric vehicle sales continue breaking records as automakers ramp production. Compared to other EV startups like Lucid (LCID) and VinFast (VFS), Rivian (RIVN) is outpacing the pack as registrations continue rising.

Rivian’s EV registrations rise through July

Rivian placed eighth in terms of US registrations from January through July, with 2.8% of the overall EV market, according to recent Experian data (via Automotive News).

The EV maker recorded 2,750 registrations in July for its R1T and R1S electric SUV, a slight improvement over its monthly average of 2,596 through the first half of the year.

From January to July, Rivian’s new registrations reached 18,359 (not including EDVs). Rivian’s R1T electric truck had 7,611 of those registrations, while the R1S had 10,748. The company is transitioning to produce more R1S models to meet the higher backlog. R1S models represented 70% of units of R1 series models built in Q2.

After crushing second-quarter estimates with production rising 50% from Q1 (13,992 units), Rivian raised its guidance for the year to 52,000. According to CEO RJ Scaringe, ramping up its in-house Eduro drive units is a “key enabler” to near-term production performance.

Speaking at Morgan Stanley’s 11th annual Laguna Conference Thursday, Scaringe says the company has “rounded the corner.”

Rivian-EV-registrations
Rivian production at its Normal, Ill facility (Source: Rivian)

As the EV maker utilizes its Normal, Ill production facility more efficiently, Rivian’s margins are improving. Gross profit per vehicle delivered improved by $35,000 in the most recent quarter.

Despite the progress, the R1T was beat out by Ford’s F-150 Lightning with 11,883 registrations through July. Ford slashed prices in July by up to $10,000, which the automaker says is helping to drive up demand.

Ford’s lowest-priced F-150 Lightning Pro model now starts at $51,990 (with shipping) with 240 miles EPA range. Meanwhile, the Rivian R1T starts at $74,800 (including shipping) with an estimated 270 miles of range.

Rivian-EV-registrations
Rivian R1T (Source: Rivian)

Outpacing other startups

Despite the strong growth in EV sales in the US, many startups like Lucid, VinFast, and Fisker are struggling to find their market.

Lucid had 348 registrations for its luxury Air EV in July, bringing its yearly total to 3,789 through July. The luxury EV maker dropped prices by up to $12,400 last month, with the 2023 Air electric sedan starting at $82,400.

Lucid-EV-registrations
Lucid Air electric sedan (Source: Lucid Motors)

Production has slipped after peaking in the fourth quarter of 2022, with 4,487 EVs built through the first half of the year. Lucid fell behind Porsche, Cadillac, and Subaru in July’s EV rankings, placing 18th.

Porsche’s sole electric vehicle, the Taycan, recorded 3,935 registrations from January through July, surpassing the Lucid Air.

Analysts point to Lucid’s competition with Tesla, which has slashed prices all year, as the reason for the struggles. Tesla’s Model S now starts at $74,990 with a 405-mile estimated range.

VinFast-pay-EV-buyers
VinFast VF 8 models (Source: VinFast)

Meanwhile, Vietnamese newcomer VinFast had 19 new VF 8 electric SUV registrations in July, bringing the seven-month total to 170.

VinFast debuted on the Nasdaq stock exchange last month, with its value quickly surpassing that of Ford and GM. However, the EV maker’s value has fallen significantly over the past month, with share prices down over 80% from their peak.

Fisker-registrations
Fisker Ocean (Source: Fisker)

After delivering its first EV in the US in June, Fisker’s Ocean had 30 new registrations in July, bringing the total to 37 for the year. Due to its recent launch, Fisker ranked last among the 26 brands in July.

With Rivian outpacing the group, Wedbush analyst Dan Ives said he sees the company as “one of the core EV players over the next decade” last month. He added, “Demand looks strong” and “visibility is improving into 2024.”

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Ford slashes F-150 Lightning prices by up to $4,000 and bumps up the range

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Ford slashes F-150 Lightning prices by up to ,000 and bumps up the range

Ford is cutting prices on the electric pickup by up to $4,000 to offset the loss of the federal EV tax credit. The 2026 Ford F-150 Lightning now offers more driving range at a lower price.

2026 Ford F-150 Lightning prices and range by trim

After the Tesla Cybertruck took the title as America’s best-selling electric pickup last year, the Ford F-150 Lightning is back on top in 2025.

Ford sold over 10,000 Lightnings in the third quarter, nearly double the roughly 5,400 Tesla Cybertrucks sold. Through September, Ford has sold over 23,000 electric pickups. According to Cox Automotive, Tesla has only sold 16,097 Cybertrucks this year, 38% fewer than it did during the same period in 2024.

After the $7,500 federal EV tax credit expired at the end of September, many automakers, including Ford, are bracing for less demand.

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To keep the momentum going, Ford is reducing prices for the 2026 F-150 Lightning by up to $4,000. Company spokesperson Martin Günsberg confirmed with Electrek that Ford is cutting prices on the flash trim by $4,000 and the Lariat by $2,000.

Ford-2026-F-150-Lightning-prices
The 2026 Ford F-150 Lightning STX (Source: Ford)

Ford introduced a new base STX model that replaces the XLT for 2026. The 2026 Ford F-150 Lightning STX starts at $63,345, the same as the 2025 STX, but it delivers an extra 50 miles of driving range.

A 123 kW extended range battery powers the STX, providing an EPA estimated 290 miles of range. In comparison, the XLT delivered 240 miles of range from a 98 kWh battery.

Ford-F-150-Lightning-STX-interior
The interior of the 2026 Ford F-150 Lightning STX (Source: Ford)

Ford also raided the F-150 parts bin to add a few off-road goodies like running boards from the Tremor, new wheels, and more.

The 2026 F-150 Lightning Flash will start at $65,995, down from $69,995. Meanwhile, the 2026 Lariat and Platinum trims will be priced from $74,995 and $84,995.

Ford F-150 Lightning trim 2025 Starting Price 2026 Starting Price Range
(EPA-est miles)
XLT $63,345 N/A 240
STX N/A $63,345 290
Flash $69,995 $65,995 320
Lariat $76,995 $74,995 320
Platinum $84,995 $84,995 300
2025 and 2026 Ford F-150 Lightning prices and range by trim (excluding destination fee)

Although Ford decided not to move forward with plans for a program to extend the $7,500 EV tax credit, the company is still offering significant incentives to compensate for the loss of it.

The 2025 Ford F-150 Lighting STX is eligible for up to $11,500 in savings in California and other ZEV states. Ford is offering a $9,000 lease cash bonus and an additional $2,000 Ford Power Promise cash bonus. Alternatively, Ford is offering 0% APR financing for 72 months plus an extra $2,000 Power Promise bonus nationwide.

With the 2026 Lightning arriving, Ford is offering big savings on 2025 models. The 2025 F-150 Lightning XLT is currently listed for lease as low as $279 per month in California. You can use our link to find offers on the Ford F-150 Lightning near you (trusted affiliate link).

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US, Europe, and China drive global EV boom to record highs

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US, Europe, and China drive global EV boom to record highs

Global EV sales passed the 2 million mark for the first time in September 2025, according to new data from EV research house Rho Motion – here’s how it breaks down.

A record-breaking September

Rho Motion’s data shows that 2.1 million EVs were sold worldwide in September, the highest monthly total ever recorded. The US, UK, South Korea, and China all hit major milestones, with tax credit deadlines, new registration cycles, and local incentives fueling the global boom.

“Global EV sales topped 2 million units in a single month for the first time, driven by record-breaking demand across major markets,” said Rho Motion’s data manager Charles Lester. “The US surged ahead as buyers raced to claim expiring tax credits, the UK hit new highs on the back of fresh registration plates and the Electric Car Grant, and South Korea set records thanks to Tesla, Hyundai, Kia, and rising BYD imports. Year to date, EV sales have reached 14.7 million – up 26%.”

EV sales by the numbers YTD (Jan–Sept 2025)

  • Global: 14.7 million (+26%)
  • China: 9.0 million (+24%)
  • Europe: 3.0 million (+32%)
  • North America: 1.5 million (+11%)
  • Rest of World: 1.2 million (+48%)

Europe surges on incentives

Europe had a record-breaking month with 427,000 EVs sold, up 36% year-over-year and 55% from August. The UK led the charge with record demand tied to the launch of new license plates and the government’s Electric Car Grant, introduced in July. BEV sales rose 30% year-over-year, while PHEVs jumped nearly 60%.

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Germany’s EV market is expected to get another boost in 2026 after the government approved a new €3 billion ($3.5 billion) incentive package targeting low- and middle-income households. It replaces the subsidy scheme that expired in December 2023. Italy and Spain also continue to see strong growth, with sales up two-thirds and more than double, respectively, compared to 2024.

US buyers rushed to beat tax credit deadlines

In North America, EV sales soared 66% year-over-year in September as US consumers scrambled to take advantage of federal incentives before they expired on September 30. The tax credits supported both purchases and leases.

But Rho Motion expects Q4 2025 demand to dip sharply as those credits disappear. Some automakers are already taking defensive steps: Hyundai has cut prices, while Mercedes-Benz has paused production of four EV models. GM has suspended a production shift at its Spring Hill, Tennessee, plant, and Volkswagen is stopping ID.4 production in Tennessee in October. Nissan has gone further, scrapping its plans to manufacture EVs in the US altogether.

China is the world’s EV powerhouse

China still dominates the global EV market, selling 1.3 million EVs in September, a record-breaking month powered by strong BEV demand. Pure-electric sales rose 28% year-over-year to 800,000 units, while PHEVs and range-extended EVs dipped by 2% to 470,000.

China has sold nearly 9 million EVs YTD, up 24% from 2024, cementing its position as the world’s largest and most mature EV market.


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First-ever Jeep extended range EV, Mazda gets in the price war, and antique hybrids

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First-ever Jeep extended range EV, Mazda gets in the price war, and antique hybrids

On today’s hyped up hybrid episode of Quick Charge, we’ve got the first extended range electric Jeep in North America – the 500-mile new Grand Wagoneer PLUS news that Mazda is getting into the plug-in price war, and a whole lot more.

Today’s episode is brought to you by Climate XChange, a nonpartisan nonprofit working to help states pass effective, equitable climate policies. The nonprofit just kicked off its 10th annual EV raffle, where participants have multiple opportunities to win their dream model. Visit CarbonRaffle.org/Electrek to learn more.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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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.

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