Tesla’s sales decline in China continues to accelerate, despite the automaker’s efforts to mitigate it, including offering discounts and introducing new variants.
The American automaker is expected to release its Q3 delivery results tomorrow, and as we previously mentioned, it is expected to be its first and last good quarter in a while due to the end of the tax credit for electric vehicles in the US pulling demand forward.
As for the most important EV market in the world, China, the results are already in, and Tesla saw an even steeper decline.
Tesla’s deliveries in China, the world’s largest EV market, were down roughly 4% in the first half of the year.
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In Q3, Tesla’s deliveries in China decreased by 8%, and they are now down 6.4% year-to-date, based on insurance data.
The decline is happening despite Tesla having maintained strong incentives and discounts in the country all year, including 0% interest rates on its best-selling models.
Tesla even started delivering the new Model YL in China in Q3, which helped mitigate the decline in sales, but it wasn’t enough to stop it.
To incentivize buyers to place orders and take delivery by the end of the quarter, Tesla often sets deadlines for its incentives, such as the subsidized 0% interest rates on financing its cars.
However, due to demand issues, Tesla is quick to reinstate those incentives.
Q4 is no exception.
Tesla has already announced that 0% APR will be available on the Model 3 and Model Y until October 31. At the current rates, it represents a $1,500 to $2,500 discount on Tesla’s EV lineup.
Furthermore, Tesla is extending the ‘Intelligent Assisted Driving’ software transfer to new cars, the Chinese equivalent of “FSD” transfer, until October 31.
Electrek’s Take
You always have to keep an eye on China. China produces and consumes the majority of electric vehicles. It is by far the biggest and most competitive EV market in the world.
Tesla uses to dominate BEVs in China, but now it is in a clear steady decline.
Model YL appear to have helped a bit in Q3, but it wasn’t enough to slow the decline. I think the upcoming new stripped-down Model Y should help a bit more, but the problem with these new Model Y variants is that they mostly cannabilize Tesla’s existing Model Y sales.
There’s so much competition in China that there are already many viable options in the segments and price points that Tesla is bringing those new products in.
Let’s see how the stripped-down Model Y plays out, but if it doesn’t help much, maybe Tesla finally wakes up and do something about its aging vehicle lineup and invest more into refreshes and new models rather than betting the house on autonomy.
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A former coal mine in western Maryland is now generating solar power – and it’s the largest solar farm in the state. Competitive Power Ventures (CPV) has brought Maryland’s largest solar project online in Garrett County, turning reclaimed coal mine land into a source of clean electricity.
CPV Renewable Power, an affiliate of CPV, and investment partner Harrison Street Asset Management have started commercial operations at CPV Backbone Solar, a 160-megawatt solar project in western Maryland. The site sits on a reclaimed, decommissioned coal mine, turning previously disturbed land into a new source of clean power.
Construction of the project was handled by Vanguard Energy Partners, a solar engineering, procurement, and construction firm.
The project comprises approximately 324,000 solar panels and is expected to generate enough electricity to power around 30,000 homes. For Maryland, it adds new in‑state generation while giving former fossil fuel land a second life.
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CPV says that the project aims to demonstrate the role of brownfield redevelopment in the energy transition. The company’s CEO, Sherman Knight, said Backbone Solar shows “how brownfield redevelopment, innovative engineering, and strategic partnerships can meet complex project challenges and deliver new power generation in Maryland.”
Local officials have welcomed the project. Garrett County Board Chairman Paul Edwards said bringing the solar facility to the county helps protect the region’s natural landscape while also creating economic value for local residents.
CPV Backbone Solar also includes a community and environmental investment tied to the project. CPV has committed $100,000 over four years to the Deep Creek Watershed Foundation.
Backbone Solar becomes part of CPV’s growing renewable portfolio, which includes four operating wind and solar projects. The company also says it has a 4.8-gigawatt renewable development pipeline.
A second phase of the Backbone Solar project is already under construction. Once completed, it’s expected to increase the site’s total installed capacity from 160 MW to 175 MW.
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U.S. President Donald Trump makes an announcement about the Navy’s “Golden Fleet” at Mar-a-lago in Palm Beach, Florida, U.S., December 22, 2025.
Jessica Koscielniak | Reuters
President Donald Trump on Monday said the U.S. will keep crude oil and tankers seized near Venezuela.
“We’re going to keep it,” Trump told reporters in Palm Beach, Florida after unveiling a new class of battleships named after himself.
“Maybe we’ll sell it, maybe we’ll keep it, maybe we’ll use it in the strategic reserve,” Trump said of the seized oil. “We’re keeping the ships also.”
Trump has ordered a blockade of sanctioned oil tankers entering or leaving Venezuela as he escalates pressure on President Nicolas Maduro.
The U.S. seized a large tanker on Dec. 10 that was carrying more than 1 million barrels of oil, according energy consulting firm Kpler. It intercepted a second vessel over the weekend. Trump confirmed Monday that the U.S. is pursuing a third tanker.
“It’s moving along. We’ll end up getting it,” Trump said of the tanker. “It came from the wrong location. It came out of Venezuela, and it was sanctioned.”
Trump said “it would be smart” for Maduro to step down when asked whether his ultimate goal is to oust the Venezuelan president.
Venezuela is a founding member of OPEC and has the largest proven oil reserves in the world. It is exporting about 749,000 barrels per day this year with more than half that oil going to China, according to data from Kpler.
The U.S. has staged a major military build up in the Caribbean. The Trump administration has launched deadly strikes on boats that it says were trafficking drugs to the U.S. The legality of those strikes is disupted and has been subject to scrutiny by Congress.
Trump threatened Monday to expand the strikes to land.
“We’ll be starting the same program on land,” he said. “If they want to come by land, they’re going to end up having a big problem. They’re going to get blown to pieces, because we don’t want our people poisoned.”
Pennsylvania just opened its first federally funded EV charging station on the Pennsylvania Turnpike — a key step toward making long-distance EV travel easier across the state.
The new station just opened at the Blue Mountain Service Plaza at Exit 202 westbound. Another NEVI-funded site at the New Stanton Service Plaza (Exit 77 westbound) is expected to open next week, according to the Pennsylvania Department of Transportation (PennDOT).
The chargers were built using funds from the federal National Electric Vehicle Infrastructure (NEVI) program, which is designed to install fast, reliable charging stations where drivers already stop — especially along busy highway corridors.
The Pennsylvania Turnpike is one of the state’s most heavily traveled roads, particularly during holiday travel, making service plazas a natural location for en-route EV charging. This first Turnpike site marks the beginning of NEVI-funded charging directly on the state’s toll road.
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The Blue Mountain and New Stanton locations are part of the Turnpike’s larger, systemwide EV charging rollout. Working with Applegreen Electric, the Turnpike plans to install 80 new universal EV charging stations across all 17 service plazas by the end of 2027.
In addition to the NEVI-funded sites, the Turnpike has already brought new chargers online at the North Somerset, South Somerset, and Hickory Run service plazas using funding from Pennsylvania’s Driving PA Forward program. Each location offers high-speed charging with four ports per site, and all chargers are designed to work with all EV models without the need for adapters.
The project was awarded under the first round of PennDOT’s NEVI Alternative Fuel Corridor program. The next phase of funding, known as Corridor Connections, is focused on filling in charging gaps along major roadways that fall outside previously designated alternative fuel corridors. The goal is to make longer EV trips across Pennsylvania easier and more predictable.
The announcement also comes as Pennsylvania continues to push back against federal attempts to block EV funding. The US Department of Transportation is currently withholding congressionally approved money that would have supported EV infrastructure projects and jobs in the state. Governor Josh Shapiro (D-PA) sued the Trump administration over the move and, alongside 15 other states, successfully challenged an earlier attempt to derail the NEVI program. That legal fight helped keep projects like these Turnpike charging stations moving forward across the Commonwealth.
Electrek’s Take
This is precisely what the Biden administration’s NEVI program was meant to do: put fast, reliable charging stations where drivers already stop. Service plazas on major turnpikes are prime real estate for EV charging, particularly during holiday and long-distance travel. Pennsylvania’s rollout is still early days, but once chargers are live at all 17 plazas – assuming the federal funding spigot stays open – one of the Northeast’s busiest corridors is going to be a great place to road-trip in an EV.