Tesla slashes prices across Europe on Model Y
(Source: Tesla)
Tesla has slashed the prices of its Model Y across Europe this morning, after it reduced prices of its Model 3 and Model Y prices in China to undercut BYD, according to CNBC.
In Germany, Tesla reduced the price of its Model Y Long Range by €5,000 to €49,990 ($54,340), a discount of 9%. It also cut the price of its Model Y Performance by €5,000 to €55,990, an 8% discount. The automaker joined Volkswagen and BYD in reducing prices after the government ended EV incentives, according to Automotive News Europe. But compared to BYD’s drastic 15% cuts, Tesla is taking a more measured approach.
German drivers can also get the Model Y for €42,990 – €1,900 less than the previous price.
The Model Y was Germany’s top-selling BEV in 2023, with some 45,800 new car registrations. However, Tesla lost its No. 1 position as the country’s best-selling BEV brand to Volkswagen. VW reports BEV sales of 70,628 units last year, a 12% increase, compared to Tesla’s 63,685, a 9% drop.
In France, Tesla Model Y prices were cut by up to 6.7%, up to 7.7% in the Netherlands, and up to 7.1% in Norway, CNBC reports.
Electrek reported last week that BYD is dropping prices of its EVs in Germany by as much as 15%, with its Atto 3 compact SUV seeing the biggest cuts. BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years.
VW has also been slashing prices on the ID line in France, Belgium, Germany, and Norway, among other countries. While VW beat Tesla in Germany, it trailed by a long shot in EV sales in France. In 2023, VW sold 4,791 ID3s, making it only the 84th most popular model overall and 13th best-selling EV, Automotive News Europe reports. In France, the Tesla Model Y, the best-selling EV, sold 37,124 units.
In Norway, VW has made more critical cuts to the ID3’s price tag, to stay competitive in a market that has achieved 82% percent of sales being EVs – 20% of those sales being a Tesla in 2023. Belgium and Sweden will also see revised vehicles and lower prices. In Belgium, the ID3 is now priced at €39,990 and the ID4 for €39,649, both now eligible for an EV bonus of €5,000.
Meanwhile, Tesla is stopping production of most of its EV production at Giga Berlin, which builds the Model Y for European markets, from January 29 to February 11 due to battery deliveries from China being delayed due to the Red Sea shipping crisis. Volvo, too, has rerouted its shipping and announced delays at its factory in Ghent, Belgium.
Electrek’s Take
Europe has been rolling back on its EV incentives, with Germany ending its EV subsidy program in December after paying out €10 billion since 2016. A tighter new budget pushed the decision to drop it early, which was a bit of a surprise since subsidies were originally intended to run through the end of this year. Automakers VW, Stellantis, Mercedes, and Audi have said that they will absorb some or all of the costs of EV incentives, but it’s obviously not a long-term solution. Norway has dropped its EV incentives, and France has also radically changed its EV incentives to exclude vehicles made in China, squeezing out the Tesla Model 3. And BYD is looking to make some serious moves in Europe, and now that it will be building EVs in Hungary in the next couple of years. So we’re likely to see more of these price shifts and cuts as the industry settles into a new normal, post-subsidies. Meanwhile, Tesla shares were down 1.6% in U.S. premarket trading, according to CNBC.
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The new and improved Hyundai IONIQ 5, or the hot-selling Chevy Equinox EV? Which electric SUV makes the smarter lease? Here’s the rundown.
Over 607,000 electric vehicles were sold in the US in the first half of 2025, thanks to some big discounts. Many automakers are currently offering generous savings, as Trump’s “One Big Beautiful Bill” is set to end federal EV incentives at the end of September.
According to Cox Automotive’s latest EV Market Monitor report, EV incentives reached a record of nearly $8,500 in June, or about 15% off the average transaction price (ATP).
That’s more than double the incentives offered on gas-powered vehicles. Seven electric vehicles had an ATP below $40,000, including the Chevy Equinox EV. The Equinox EV was the top-selling EV in the price range.
Starting at just $34,995, GM calls it “America’s most affordable 315+ range EV.” The electric Equinox has already propelled Chevy to become the number two EV brand in the US behind Tesla.
Through the first half of the year, the Chevy Equinox EV accounted for nearly a third of GM’s electric vehicle sales. And it could have sold even more. A dealer in California reached out to Electrek, claiming they had to wait over a month to receive Equinox EV models. It’s now on track to be among the top three selling EVs in the US.
Which EV to lease: Chevy Equinox EV or Hyundai IONIQ 5
With leases starting at just $289 per month, it’s no wonder the electric SUV is flying off the lot. The offer is for 24 months with $3,909 due at signing.
Alternatively, you can opt for 0% APR financing for 60 months, which Chevy is offering on all 2025 electric vehicle models.
| 2025 Chevy Equinox EV trim | Starting Price | EPA-estimated Range | Monthly lease Price (August 2025) |
| LT FWD | $34,995 | 319 miles | $289 |
| LT AWD | $40,295 | 307 miles | $351 |
| RS FWD | $45,790 | 319 miles | $416 |
| RS AWD | $49,090 | 307 miles | $453 |
The base 2025 Chevy Equinox EV LT starts at $34,995 with up to 319 miles of range. The interior boasts up to 57.2 cu ft of space and a 17.7″ infotainment screen.
How does it compare to the IONIQ 5? Hyundai has upgraded its best-selling electric SUV with major improvements, including increased range (now up to 318 miles), a revamped interior and exterior, and a built-in NACS port to access Tesla Superchargers.
After cutting lease prices again last month, the new and improved 2025 Hyundai IONIQ 5 is now listed at just $179 per month.
In some places, such as California and other ZEV states, Hyundai is offering leases starting at as low as $159 per month.
However, that’s for the base SE mode, which has an EPA-estimated driving range of 245 miles. The longer-range IONIQ 5 SE RWD, with 318 miles range, can still be leased for just $199 per month right now. Both offers are for 24 months with $3,999 due at signing.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* | Monthly lease price August 2025 |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 | $179 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 | $199 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 | $209 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 | $309 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 | $249 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 | $259 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 | $359 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 | $299 |
Hyundai is also throwing in a complimentary ChargePoint Level 2 home charger with the purchase or lease of a new 2025 IONIQ 5. All IONIQ 5 trims are listed with 1.99% APR financing for up to 60 months.
The 2025 Hyundai IONIQ 5 offers up to 59.3 cu ft of cargo space with a dual 12.3″ driver display and infotainment system setup.
Both the Hyundai IONIQ 5 and Chevy Equinox EV are hard to pass up right now, with lease prices expected to be as low as they will ever be.
Looking to snag the savings while they last? You can use our links below to find offers on the Chevy Equinox EV and Hyundai IONIQ 5 near you.
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Nissan has officially confirmed the icon will be making a comeback. Although Nissan is no longer building GT-R models, CEO Ivan Espinosa said Godzilla will “evolve and reemerge” in the future. Here’s what we know so far.
Nissan confirms the GT-R will evolve and reemerge
It seems like we’ve been talking about the next-gen Nissan GT-R for years now. After the last model rolled off the production line at the automaker’s Tochigi plant in Japan on Tuesday, Nissan’s CEO made it clear that the GT-R will be making a comeback.
After bidding farewell to the R35, Espinosa gave the many GT-R fans worldwide hope, saying, “I want to tell you this isn’t a goodbye to the GT-R forever.”
He added that it’s Nissan’s “goal for the GT-R nameplate to one day make a return.” Although this is the end of the line for the R35, the company remains committed to the GT-R nameplate and wants to “reimagine it for a new generation.”
According to Espinosa, Nissan doesn’t have any finalized plans yet, but he promised that “the GT-R will evolve and reemerge in the future.”
Nissan says the next Godzilla will ensure the GT-R’s legacy lives on, but will pack even more performance. The big question is, what type of powertrain will it arrive with? Will it be electric? A hybrid? Or, will it still be gas-powered?
At the New York Auto Show in April, Ponz Pandikuthira, Senior Vice President and Chief Planning Officer for Nissan North America, told The Drive that the next GT-R will be a hybrid, rather than an all-electric.
However, Nissan previewed an electric GT-R a few years ago with the Hyper Force EV concept. The electric sports car concept was promoted as a “game-changing hyper EV” with over 1,300 horsepower (1,000 kW).
All that power is expected to come from solid-state batteries. Just last week, Nissan secured a partnership with LiCAP Technologies to produce all-solid-state EV batteries on a mass scale, one of the biggest hurdles to getting the new technology to market.
Since Nissan aims to launch its first EV powered by solid-state batteries in 2028, we could see the GT-R reemerge as a plug-in hybrid until the technology is ready.
Either way, it will likely be a few years before we see an electrified Godzilla. If it evolves into an EV or hybrid, it remains up in the air for now.
While Nissan says an all-electric GT-R won’t deliver the performance needed to live up to the nameplate, others are proving otherwise. BYD’s first electric supercar, the Yangwang U9, set a new EV speed record this week after hitting nearly 300 mph.
How do you feel about it? Should the GT-R go all-electric? Or will Nissan settle for a hybrid? Drop us a comment below and let us know which one you’d buy.
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Is Toyota’s new 2026 C-HR the affordable electric SUV we’ve been waiting for? The revamped EV SUV was spotted with a stylish new look while filming a commercial.
Toyota’s new C-HR EV SUV is launching in 2026
Toyota’s compact crossover SUV is returning in all-electric form, and it’s already apparently a movie star. We got our first look at the 2026 C-HR+ in March after Toyota unveiled a trio of new electric SUVs set to launch in Europe.
The US model, revealed a few months later, looks nearly identical to the EU version, but drops the “+” at the end of the name.
You can see right off the bat that it’s an immediate upgrade from the gas-powered C-HR, which was discontinued in 2022 in favor of the more efficient Corolla Cross Hybrid.
The new 2026 C-HR looks sharp, featuring Toyota’s updated design, with elements like its “hammerhead front end” borrowed from the new Crown and Corolla models. In a way, it almost looks like the Prius, but as a higher-riding crossover SUV.
It looks like Toyota’s new EV SUV is already drawing attention. The 2026 C-HR was spotted on set in Austin, Texas, filming a commercial.
The image from Kindelauto is one of the closest looks at the new electric SUV so far, revealing the new front-end design.
At 177.9″ long, 73.6″ wide, and 63.8″ tall, the new C-HR is smaller than bZ, Toyota’s other electric SUV (formerly known as the bZ4X). It’s about the size of the Kia Niro EV (174″ long, 72″ wide, and 62″ tall).
The new crossover SUV will be available with all-electric (EV), Hybrid, Plug-in Hybrid (PHEV), and Fuel Cell powertrains.
Powered by a 74.7 kWh battery, Toyota anticipates the 2026 C-HR EV will offer a range of up to 290 miles. It will come with standard AWD with an electric motor at the front and rear eAxles.
It will also feature a built-in NACS port, enabling you to recharge at Tesla Superchargers. Toyota said the electric SUV can recharge from 10% to 80% in about 30 minutes.
Inside, the updated SUV includes a “high-tech cabin that is stylish and functional.” A 14″ infotainment system sits at the center with Toyota’s Audio Multimedia System and Wireless Apple CarPlay and Android Auto support.
Toyota’s new EV SUV will begin arriving at dealerships in 2026. Although prices have yet to be revealed, given the outgoing model started at under $25,000, the electric version is expected to launch with a low starting price tag of around $30,000.
Last week, we learned the 2026 Toyota bZ will be one of the few EVs in the US with prices starting under $35,000. Since the C-HR is smaller, it could be even more affordable.
What do you think of the new C-HR? Do you like Toyota’s new style? Drop us a comment below and let us know your thoughts.
Source: Kindelauto
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