Connect with us

Published

10 months ago

on

China tariffs

EV sales continue to rise, but the last year of headlines falsely stating otherwise would leave you thinking they haven’t. After about full year of these lies, it would be nice for journalists to stop pushing this false narrative that they could find the truth behind by simply looking up a single number for once.

Here’s what’s actually happening: Over the course of the last year or so, sales of battery electric vehicles, while continuing to grow, have posted lower year-over-year percentage growth rates than they had in previous years.

This alone is not particularly remarkable – it is inevitable that any growing product or category will show slower percentage growth rates as sales rise, particularly one that has been growing at such a fast rate for so long.

In some recent years, we’ve even seen year-over-year doublings in EV market share (though one of those was 2020->2021, which was anomalous). To expect improvement at that level perpetually would be close to impossible – after 3 years of doubling market share from 2023’s 18% number, EVs would account for more than 100% of the global automotive market, which cannot happen.

Clearly, growth percentages will need to trend downward as a new product category grows. It would be impossible for them not to.

To take an extreme example, it would be odd to say that sales are slumping in Norway, which just set a record at 94% EV market share in August with 10,480 units moved, because BEV sales only went up 5% compared to the previous August’s 9,974 units.

And yet, this mathematical necessity has been reported time and time again in media, and by anti-EV political forces, as if EV sales are down, despite that they continue to rise.

The actual short-term status of EV sales – they’re still up

Instead of the perpetual 50% CAGR that had been optimistically expected, we are seeing growth rates this year of ~10% in advanced economies, and higher in economies with lower EV penetration (+40% in “rest of world” beyond US/EU/China). Notably, this ~10% growth rate is higher than the above Norway example, which nobody would consider a “slump” at 94% market share.

It’s also clear that EV sales growth rates are being held back in the short term by Tesla, which has heretofore been the global leader in EV sales. Tesla actually has seen a year-over-year reduction in sales in recent quarters – likely at least partially due to chaotic leadership at the wayward EV leader – as buyers have been drawn to other brands, while most of which have seen significant increases in EV sales.

Brands saw big increases in EV sales in Q1, except Tesla, VW (prior to refresh of its one US EV model), and GM (after retiring its most-popular model). Source: Bloomberg

There are a number of other shorter-term influences, including a slowdown in Supercharger/NACS progress after the entire charging team was fired which could be leading consumers to wait until the NACS transition is ready, political agitation by an ignorant presidential candidate which may cool after the election is finally over with and his fans’ short attention span moves elsewhere (pretty please), a misguided new tariff that has resulted in some automakers shuffling (and thus delaying) their plans, lack of available models for anyone who wants something other than a gigantic SUV, and limitations on EV tax credits (which are nevertheless bypassable).

Finally, some have suggested that this is a natural part of any technology adoption curve, as a technology transitions from being used by “early adopters” to “early majority.” Most consider the “chasm” between these groups to be somewhere around the 10-20% adoption range.

In terms of hybrid sales, much has been made of customers “shifting from EVs to hybrids,” which is also not the case. Conventional gas-hybrid sales are indeed up (as opposed to plug-in hybrids, which continue to lag behind gas-hybrids/BEVs, though have shown some growth lately), and gas-hybrids are up more than EV sales, after EV sales having had higher growth rates for many years than gas-hybrids have.

But gas-hybrid sales have not come at the cost of EV sales, but at the cost of gas-only car sales. Because EV sales are still up.

In covering these trends, some journalists have at least used the correct phrasing “slower growth,” showing that EV sales are still growing, but at a lower percentage change than previously seen.

But many, or perhaps even most, have taken the lazy – and incorrect – route of using descriptors that make it seem like sales have gone down, despite that they continue to go up.

This often takes the form of words like “cool” “fall” “slow” and “slump.” But none of these are accurate descriptors of still-rising sales.

All of these words would be best applied to a number that is decreasing, not to a number that is rising.

  • If an object is thrown up in the air, it would not be described as “falling” until after it reaches the peak of its travel, despite that it is continually showing downward acceleration of 9.81m/s2 from the moment it is released.
  • If today is hotter than yesterday, temperatures are not “cooling” even if the degree of temperature rise was lower than it was on the previous day (80º -> 85º -> 88º does not show a “cooling” trend).
  • If a car goes 0-30 in 2 seconds, and 30-60 in 3 seconds, that car is not “slowing” from 30-60. It is still accelerating.
  • If a graph shows a rising curve, that curve is not “slumping” before it reaches its peak. A “slump” would be better applied to a trough or nadir in the graph, not the zenith of it and certainly not anywhere in the runup to the zenith.

Indeed, the only way to make an argument that EV sales are “slowing” is to rely on the second derivative of sales numbers. Having to do integral calculus in order to suggest that sales are down, when sales are actually up, smacks of a certain level of desperation by a losing industry.

Gas car sales are actually going down

Because that’s just the thing: the number of gas-only vehicles being sold worldwide is a number that actually is falling. That number continues to go down year over year.

Sales of new gas-powered cars are down by about a quarter from their peak in 2017, and show no signs of recovering. It is exceedingly likely that 2017 will be the high-water mark of gas-powered cars ever sold on this planet.

And yet, somehow, virtually every headline you read is about the “EV sales slump,” rather than the “gas-car sales slump.” The latter is real, the former is incorrect.

These numbers are easily verifiable in moments. No matter what region of the world you’re in, EV sales are up in the first half of this year, and gas car sales are down. This has been true for most recent quarters when taking into account year-over-year numbers (the traditional way to measure car sales, since car sales are seasonal), and it’s true for the first half of this year so far – when the majority of these false headlines have been written.

Why does it matter? These lies influence policy – and cause more pollution

All of this matters because the constant incorrect reporting is causing changes in plans for both automakers and governments who are pulling back on EV plans, which dooms humanity to worse health and climate outcomes.

Early on as this pattern of lies started to show itself in the media, David Reichmuth of the Union of Concerned Scientists suggested that one motivation behind the false headlines could be to influence regulations. The idea goes that, by pretending EV sales were “cooling,” despite that they were not, automakers could convince governments to pull back on their future commitments, thus allowing automakers to continue business as usual instead of having to put in effort to make actually good cars that don’t poison everything around them.

But those regulations already passed and timelines were loosened after automaker whining, so congratulations, you got what you wanted, you get to poison people a bit more for a few more years, and you can all stop lying now.

And yet, the headlines have continued, and so many outlets continue to push the same false narrative that they have for around a year now claiming that EV sales are down. But it wasn’t true then, and it isn’t true now.

All this said – yes, higher EV sales growth rates would be preferable to the current status quo and are needed to meet climate targets. Or rather, a faster decline in gas car sales is what’s truly needed – and would be beneficial to all living beings on this planet.

The environment cannot wait, and humans can’t spend the next 10-20 years breathing down the poison coming out of the tailpipe of each gas-powered vehicle sold today. This needs to end and it needs to end now. The faster we act, the easier it will be for the world to reach carbon reductions that are objectively necessary to achieve.

But overall, the point of this article is that media headlines suggesting some slowdown in EV sales are simply incorrect. And it’s hard to imagine that these headlines, which have gone on for around a year now, are not intentional at this point.

Each journalist who has spent the last year perpetuating the myth of an EV sales slowdown could have read any one of our articles, or googled a single number showing year-over-year EV sales in any region or for most countries and most brands, and found that they are still going up. The information is out there and easy to find.

And if misinformation is done knowingly and intentionally despite ready access to truth, which is your job as a journalist to seek and find, it’s a lie. So stop lying.

Know what else is growing? Home solar! Find a reliable and competitively priced solar installer near you on EnergySage, for free. They have pre-vetted installers competing for your business, ensuring high-quality solutions and 20-30% savings. It’s free, with no sales calls until you choose an installer. Compare personalized solar quotes online and receive guidance from unbiased Energy Advisers. Get started here. – ad*

FTC: We use income earning auto affiliate links. More.

Related Topics:
Continue Reading

Environment

Tenways AGO T mid-drive e-bike at $2,399 low, DJI Power 2000 station hits new $999 low, EcoFlow 48-hour flash sale, tools, more

Published

1 hour ago

on

July 15, 2025

By

Tenways AGO T mid-drive e-bike at ,399 low, DJI Power 2000 station hits new 9 low, EcoFlow 48-hour flash sale, tools, more

Today’s Green Deals are headlined by the low price on Tenways’ AGO T Premium Mid-Drive Urban e-bike that comes with a free front carrier ($50 value) for $2,399, among other models seeing discounts during this sale. We also spotted DJI’s recently released Power 2000 Portable Power Station hitting a new $999 low, as well as EcoFlow’s latest four 48-hour flash sale offers that include two power stations, a WAVE 3 bundle, and a DELTA Pro 3 expansion battery at up to 53% off starting from $1,199. From there, we have Greenworks’ 40V 20-inch Cordless Pole Hedge Trimmer kit at its $114 low alongside the Worx Aerocart 8-in-1 Yard Cart down at $169.50. Plus, there’s all the hangover Prime Day savings in our Prime Day Green Deals hub at the bottom of the page, as well as yesterday’s EcoFlow phase 3 Prime Day Sale, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Tenways AGO T mid-drive e-bike with a 62-mile range and $50 in free gear at $2,399 low in latest sale

Tenways has launched a new Summer Sale that is taking up to $600 off its e-bike lineup while also offering an additional $300 savings when buying two models together. Among the offers this time, we’re seeing the lowest price to date continuing on the AGO T Premium Mid-Drive Urban e-bike for $2,399 shipped while also getting a free front carrier valued at $50. Normally, this higher-end model would cost you $2,699 at full price, which we saw brought down to the $2,399 low for the first time during the brand’s July 4th Sale. Now you’re getting another chance at that $300 markdown here while the savings last, dropping the costs back to the best price we have tracked. As always, there is an extra $150 savings available for medical providers, first responders, military personnel, and teachers with verification through ID.me on any of the e-bikes’ landing pages.

Aside from Tenways’ new CARGO ONE e-bike that recently released, the AGO T Urban e-bike is the highest-end of the brand’s models, cruising into view with a Bafang M420 mid-drive motor coupled with a 504Wh battery to provide up to 62 miles of pedal-assisted travel at up to 20 MPH top speeds. It shouldn’t be surprising that this premium model also comes with a superior torque sensor to support its PAS capabilities, with the settings controlled via the TFT LCD color display screen.

Advertisement – scroll for more content

There’s plenty of high-quality features you’ll be getting here too, like a hydraulic front lockout fork, the hydraulic disc brakes, puncture-resistant tires with fenders over each, a Gates CDX carbon belt drive, an Enviolo stepless shifting hub, an integrated rear cargo rack, integrated front and rear lighting, a suspension seat post, and more. There are even connectivity options through its companion app, the standout of which is the ability to cast directions from your phone onto the bike’s display for more seamless navigation.

If you want to check out the full lineup of e-bike deals that we’re seeing in this current sale, be sure to check out our original coverage here.

DJI Power 2000 Portable power station

Score DJI’s latest Power 2000 2,048Wh LiFePO4 station with $900 savings at a new $999 low

By way of its official Amazon storefront, DJI is giving folks a lower-than-ever price on its new Power 2000 Portable Power Station at $999 shipped, after using the promo code DJIPOWER2000 at checkout. This model was just released at the top of the month, with it waiting no time before dropping from its original $1,899 price tag to $1,299, which held out all of last week until falling to $1,099, with the promo code taking things even further. You’re looking at a combined 47% markdown that gives you $900 off its tag, landing it at a new all-time low price. You can also alternatively pick up its Power 1000 predecessor at $549 shipped right now, after redeeming the on-page coupon.

If you want to learn more about this all-new backup power solution, be sure to check out our original coverage here.

EcoFlow DELTA Pro power station

EcoFlow flash sale takes up to 53% off two power station offers, a WAVE 3 bundle, and an extra battery starting from $1,199

As part of its ongoing Phase 3 Prime Day Sale, EcoFlow has launched the next 48-hour flash sale through July 16, with four units getting up to 53% discounts to some of the best prices we have tracked. Among the two power station deals, you’ll find the brand’s DELTA Pro Portable Power Station with a free protective bag at $1,749 shipped, with the extra savings unfortunately not applicable here. Priced at $3,699 in full, we regularly see it down between $1,799 and $1,999, especially at Amazon, where it’s currently sitting $50 higher in price. While we have seen it go as low as $1,694 in the past, you’re still looking at a larger-than-normal 53% markdown off the going rate, giving you $1,950 in savings and landing it $55 above the all-time low. Head below for more on this unit and the others we’re seeing included in this flash sale.

If you want to learn more about this power station or the other units included in this flash sale, be sure to check out our original coverage here.

Greenworks 40V 20-inch Cordless Pole Hedge Trimmer

Cover hedge jobs with this Greenworks 40V 20-inch pole trimmer at $114 low

Amazon is offering the Greenworks 40V 20-inch Cordless Pole Hedge Trimmer for $113.99 shipped. Coming down from its usual $170 pricing, where the brand’s direct website currently has it listed, we only saw discounts in 2025 dropping costs to $140 until this past week, when Prime Day brought it lower than ever to the rate that is continuing into this week. You’re looking at a $56 markdown to the best price we have tracked and giving you the chance to save big while Prime Day benefits linger.

To learn more about this lawn care solution’s capabilities, be sure to check out our original coverage here.

Worx Aerocart 8-in-1 yard cart

Tackle yard work with 8-in-1 versatility using Worx’s transforming Aerocart at $169.50

Amazon is offering the Worx Aerocart 8-in-1 Yard Cart at $169.50 shipped, which comes in $0.50 under the current Best Buy Deals of the Day pricing. Usually going for $200 to $230 at full price, we’ve mainly seen it in 2025 keeping near $173, with it more recently keeping down between $169 and $170 at the lowest. While it’s fallen lower in the past, those rates haven’t reappeared this year at all, with today’s deal being a solid $60.50 markdown at the second-best price of the year – just $0.50 above the annual low.

If you want to learn more about this handy yard cart, be sure to check out our original coverage here.

Best Summer EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Range Rover’s first EV looks the part, but with a few surprises

Published

2 hours ago

on

July 15, 2025

By

Range Rover's first EV looks the part, but with a few surprises

Range-Rover-first-EV

Range Rover’s first electric SUV will finally arrive later this year. Ahead of its official launch, early reviews show the upcoming EV stays true to the Range Rover heritage, but there are a few things you should know.

Range Rover will launch its first EV later this year

Since launching its first vehicle 55 years ago, the Range Rover brand has become an iconic symbol of off-road capabilities, elegant design, and luxurious interiors.

With its first all-electric SUV due out later this year, Range Rover promises it will “refine and craft the epitome” of the luxury brand.

Although Range Rover is currently putting the electric SUV through “the most intensive testing” any of its vehicles has endured, Autocar got their hands on a prototype for an early review.

Advertisement – scroll for more content

The Range Rover Electric may look like the iconic SUV we’ve grown to love, but with an electric powertrain, it offers even more.

“A Range Rover more calm and assured, almost regardless of circumstance, than any in its 55-year lineage. Electrification yields a lot, but sacrifices little,” Matt Sanders, Autocar’s chief car tester, said after driving the prototype.

Range-Rover-first-EV
Range Rover Electric testing in Sweden (Source: JLR)

Based on the MLA platform, the electric SUV features JLR’s new in-house powertrain. The dual-motor setup packs a combined 542 hp and 627 lb-ft of torque.

The EV draws power from a massive 118 kWh battery, which is expected to deliver around 300 miles of real-world range. Sanders said he had about 160 miles of range remaining at half charge during the review.

Range-Rover-first-EV
Range Rover Electric SUV prototype testing (Source: JLR)

However, even JLR’s engineers admit that due to the SUV’s (not so) aerodynamic profile, 300 miles may be optimistic during longer-range highway driving. The engineers highlighted that the vehicle’s 800V architecture offers some of the fastest DC charging speeds on the market.

The electric SUV can also tow over 7,700 lbs (2.5 tons). Although this is less than the current Range Rover’s 3.5-ton towing capacity, it’s still on par with other luxury SUVs, such as the Mercedes G-Class.

Range-Rover-first-EV
Range Rover Electric prototype (Source: JLR)

To add more power, more motors, and bigger batteries would be required, according to Simon Fairbrother, Range Rover’s Chief Program Engineer.

Inside, the cabin is nearly identical to that of the current Range Rover SUV, featuring a plethora of digital screens and physical buttons in front of the driver. If anything, the only thing that could be changed is that the “Range Rover Electric deserves bigger heating and ventilation controls than other derivatives,” Sanders wrote.

Range-Rover-first-EV
Range Rover Electric prototype testing (Source: JLR)

JLR’s new in-house thermal management system (ThermAssist) is about 40% more efficient than the system of the Jaguar I-Pace, its first all-electric vehicle.

Range Rover’s first E will be offered in standard and long wheelbase variants. The extended wheelbase model will be about the same size as the outgoing Range Rover SUV, but it’s expected to still include enough second-row space to take it into “Bentley or Rolls-Royce territory for sheer lounging space.”

Range-Rover-first-logo-EV
JLR reveals new Range Rover logo (Source: JLR)

Since Autocar only drove the vehicle at speeds under 20 mph, we’ll have to wait to hear more about on- and off-road performance.

Sanders did mention that “the Range Rover Electric can simply ease itself up, down, over and around everything before it inspires incredible confidence in its capabilities” while driving through forest racks.

We will learn the prices closer to launch, but JLR is reportedly aiming for a price around the same as the V8 Autobiography, at just under £150,000 ($200,000).

Range Rover’s first EV has already secured over 61,000 clients on the waitlist ahead of its upcoming debut. JLR also revealed the luxury brand’s first logo, which we could see debut on the new electric SUV.

Source: Autocar

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Circle stock drops after House blocks key procedural vote on stablecoin legislation

Published

3 hours ago

on

July 15, 2025

By

Circle stock drops after House blocks key procedural vote on stablecoin legislation

Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025.

NYSE

Circle shares slid on Tuesday after the U.S. House of Representatives failed to clear a key procedural hurdle that would have teed up votes on long-awaited crypto-related bills.

The move dealt a major setback to the digital asset industry, which had framed this week as a turning point for regulatory clarity in Washington, D.C.

Circle, the stablecoin issuer that’s soared in value since its public market debut last month, fell about 5% after the vote. Crypto exchange Coinbase and bitcoin miner MARA Holdings both slipped about 2%.

Even after Tuesday’s drop, Circle shares are still up more than sixfold from their IPO price. The company is the issuer of USDC, the second-largest dollar-pegged stablecoin, with about 24% of the global market. Circle didn’t immediately respond to a request for comment.

The legislation, including the GENIUS Act, would mark the first time the U.S. sets federal rules for stablecoins, a $260 billion corner of the crypto market that underpins most digital asset trading. The bill establishes full-reserve requirements, mandates monthly audits, and creates a path for private companies to issue regulated digital dollars under the blessing of the U.S. government.

The GENIUS Act passed the Senate last month, a milestone for both the crypto industry and for President Donald Trump, who has pushed to align his administration with digital asset innovation. It also marked a win for the industry, which spent more than $245 million in the 2024 cycle to help elect what’s now seen as the most pro-crypto Congress in U.S. history.

Treasury Secretary Scott Bessent has said the market for U.S. stablecoins could grow eightfold to more than $2 trillion in the coming years if this bill is enacted. White House AI and crypto czar David Sacks had predicted it could unlock “trillions” of dollars in demand for U.S. Treasury notes virtually overnight.

The vote came just hours after Fairshake, the crypto industry’s most powerful PAC, disclosed $141 million in cash on hand as it fights for regulatory victories and backs pro-crypto candidates heading into the 2026 midterms. The committee didn’t provide a comment for this story.

House leadership is tentatively planning a second vote as early as Tuesday evening, though it’s unclear whether the rule or bill text will be modified to satisfy holdouts.

WATCH: Stablecoin showdown moves to the House after Senate clears crypto’s landmark bill

Stablecoin showdown moves to the House after Senate clears crypto’s landmark bill

Continue Reading

Trending