When Rivian said its electric pickup was built to “handle it all,” it wasn’t bluffing. A Rivian R1T owner in Asheville, North Carolina, had his vehicle dragged 100 to 150 feet after Hurricane Helene swept through the area. To even his surprise, Rivian’s electric pickup was still ready to run.
Rivian R1T survives Hurricane Helene floodwaters
Rivian has “spent years” hauling gear, loading bikes, and testing its electric pickup to ensure it can withstand it all.
The R1T can plow through 3 feet of water and climb a 100% grade with over 14″ of ground clearance. It even has sports car acceleration with instant torque to hit 0 to 60 mph in as little as 3 seconds.
However, after Hurricane Helene left a devastating trail of destruction, Rivian’s electric pickup may have earned its title as the ultimate adventure vehicle.
Local Asheville, NC resident and Rivian R1T owner Joshua Vincent Sauer said his Rivian R1T survived the worst of it.
After parking his electric pickup by a U-Haul on Thursday night, Sauer returned looking for it on Saturday, only to find it “100 to 150 feet” away by a local Walgreens.
Rivian R1T gets dragged in Hurricane Helene and still runs (Source: Joshua Vincent Sauer)
In a video posted on Facebook, the R1T owner said he assumed floodwaters carried the vehicle.
Although he wasn’t there to see it, Sauer said he knew the R1T was not found where he parked it before the Hurricane.
Rivian R1T (Source: Rivian)
You can see the mud caked on the side of the vehicle and water still in the bed. After noticing the door handles opening, he knew the pickup still had electricity. When he got in, “it booted up like nothing happened,” Sauer said.
Although it was initially hard to find charging stations (like working gas stations), Sauer said there was an open Electrify America charger at a local Sam’s Club. He also mentioned a Tesla Supercharger at a nearby park.
Rivian R1T electric truck (Source: Rivian)
Electrek’s Take
Asheville was one of the hardest-hit areas by Hurricane Helene, as the death toll rises to nearly 180. It was one of the worst storms in US history, according to AP News, in other words a natural disaster.
Many people lost everything, including their homes, personal belongings, and loved ones. Many are still without power, running water, or cell service. Some are stranded with roads washed away by floodwaters. Government cargo planes are unloading food and water to some of the hardest-hit areas this week.
Vehicles are not expected to survive a natural disaster like this, but Rivian’s R1T’s ability to withstand some of the worst of it is a major accomplishment for the EV maker.
Rivian continues advancing safer, more efficient EV tech. Last month, it became the only pickup in the US with an IIHS Top Safety Pick+ award in 2024. Rivian’s 2024 R1T electric pickup scored “Good” on all crash ratings, except the standard Forward Collision Avoidance system, which earned an “Acceptable” rating.
And Rivian isn’t the only one. Automakers, startups, and governments around the world are teaming up to develop safer EV tech as adoption rates continue climbing.
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Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.
Handout | Via Reuters
Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.
The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.
In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”
In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.
Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.
Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.
Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.
PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.
While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.
The global EV market is still charging ahead. According to new numbers from global research firm Rho Motion, 9.1 million EVs were sold worldwide in the first half of 2025, up 28% compared to the same period last year. But not every region is accelerating at the same pace.
China and Europe are doing the heavy lifting
More than half of the world’s EVs this year have been bought in China. That market hit 5.5 million sales in the first six months of 2025 – a 32% jump year-over-year. Around half of new cars bought in China are now electric.
While some Chinese cities’ subsidies have dried up, Rho Motion expects momentum to pick back up later in the year as more funding is released.
In Europe, 2 million EVs were sold in the first half of the year, up 26%. Battery electric vehicle (BEV) sales also rose 26%, thanks in part to affordable models like the Renault 4 (pictured) and 5 entering the market. Plug-in hybrids (PHEVs) weren’t far behind, growing 27% year-to-date. Chinese automakers are leaning into PHEVs as a way to work around the EU’s new tariffs on BEVs.
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Spain is leading the pack with EV sales soaring 85% so far this year. Its generous MOVES III incentive program was extended in April and has kept sales strong. The UK and Germany are also seeing solid growth – 32% and 40%, respectively. France, however, is slumping. With subsidies cut, EV sales there have dropped 13%.
North America is stuck in the slow lane
Things aren’t looking quite as bright in North America. EV sales in the US, Canada, and Mexico are up just 3% so far this year.
Mexico is the one bright spot, with a 20% boost. The US is up 6%. But Canada is down a whopping 23%.
And things could get bumpier. On July 4, Trump signed Congress’s big bill into law, which axes all the Inflation Reduction Act EV tax credits. Those consumer credits for EVs now officially end on September 30.
Just over half of the EVs sold in the US this year qualified for those credits. Rho Motion predicts a rush in Q3 before the subsidies disappear – and a decline in sales after that.
Rho Motion data manager Charles Lester said, “With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the US could struggle to see any growth in the EV market overall in 2025.”
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Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That might explain why it’s leading the segment. The Lucid Air remained the best-selling luxury EV sedan in the US after widening its lead in the Q2.
The Lucid Air is America’s best-selling luxury EV sedan
The 2025 Lucid Air Pure arrived as the “World’s most efficient car” with an EPA-estimated range of 420 miles and a record 146 MPGe.
It just set a new Guinness World Record last week for the longest journey by an electric car after travelling 749 miles (1,205 km) on a single charge.
That record was set in the range-topping Lucid Air Grand Touring model, which is rated for up to 512 miles of EPA-estimated range. On the WLTP scale, it’s rated at 597 miles (960 km). Either way, it still crushed the estimates.
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According to second-quarter sales data, released by Kelley Blue Book on Monday, the Lucid Air is still America’s best-selling luxury EV.
Lucid sold 2,630 Air models in Q2, up 10% from the previous year. Through the first half of 2025, Lucid Air sales are up 17% with 5,094 units sold.
Lucid Air (Source: Lucid)
Tesla, on the other hand, only sold 1,435 Model Ss during the quarter, 71% fewer than it did in Q2 2024. Tesla Model S sales in the US are down 70% through the first half of the year at 2,715.
Although Porsche Taycan sales were up 32% with 1,064 models sold, the significantly upgraded 2025 model year was expected to see even more demand. Porsche has 2,083 Taycans in the US this year, up just 1% from 2024.
Lucid Air Pure interior (Source: Lucid)
Other luxury EV sedans, such as the BMW i5 (1,434), i7 (820), and the Mercedes EQS (498), experienced steep double-digit sales declines year-over-year.
And it’s not just electric luxury sedans. The Lucid Air is currently outselling many gas-powered vehicles in its segment.
Lucid Air (left) and Gravity (right) Source: Lucid
Lucid’s first electric SUV, the Gravity, is also rolling out. Although only five were sold in the second quarter, Lucid is quickly scaling production. Lucid aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it built in 2024.
Earlier today, Lucid’s interim CEO, Marc Winterhoff, confirmed during an interview with Bloomberg that the company expects higher Gravity output in the second half of the year.
The interview was at the grand opening of Panasonic’s new battery cell plant in De Soto, Kansas. Winterhoff said Lucid will start using new cells from the facility, but not until next year.
Lucid’s CEO stressed the importance of establishing a local supply chain, as policy changes under the Trump Administration are taking effect. Lucid and Panasonic are collaborating to localize EV materials, such as graphite. Last month, Lucid secured a multi-year supply agreement with Graphite One for US-sourced Graphite.
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