Jeep, Dodge, Chrysler, and Fiat vehicles will remain eligible for the credit after the deadline expires. Stellantis confirmed it will replicate the offer for EV and PHEV models.
Stellantis extends credit for Jeep EV and PHEV models
Stellantis is looking for a comeback in the US. The company sold 324,825 vehicles under the Jeep, Ram, Chrysler, and Fiat brands in the US in the third quarter, notching its highest monthly market share in 15 months.
Although it currently offers only a few all-electric vehicles, including the Jeep Wagoneer S and Dodge Charger Daytona EV, Stellantis also provides a range of plug-in hybrids (PHEVs).
Through July, the Jeep Wrangler 4xe remained the best-selling PHEV in the US. Stellantis doesn’t provide a breakdown of Wrangler sales by model, but total sales rose 18% in the third quarter to nearly 45,000 units.
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Through September, Stellantis has sold over 128,000 Wranglers. Jeep also offers the Grand Cherokee 4xe, another PHEV. The Wagoneer S, Jeep’s first all-electric SUV, racked up 4,163 in sales in the third quarter, bringing its yearly total to 10,426.
2025 Jeep Wagoneer S Limited (Source: Stellantis)
To compensate for the loss of the federal tax credit, Stellantis will honor it for EVs and PHEVs. The offer is good on the lease or purchase of a new EV or PHEV, but there’s a catch.
The deal is only for vehicles currently in the dealer’s inventory, meaning it could run out at any point, if it hasn’t already.
2025 Jeep Wagoneer S Limited interior (Source: Stellantis)
Jeep isn’t the only brand, Stellantis is extending the credit to all PHEV and EV models. Dodge offers the electric Charger Daytona BEV and Hornet R/T PHEV. Chrysler only sells one vehicle, the Pacifica minivan, but it is available with a plug-in hybrid powertrain. And don’t forget the Alfa Romeo Tonale, the luxury brand’s first PHEV.
All will still be eligible for the credit while inventory lasts. Stellantis follows other automakers, including Ford, GM, and Hyundai, which will continue to offer the EV tax credit beyond the deadline.
Interested in checking one out for yourself? You can use our links below to see what’s available in your area.
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Solar and storage prices are about to rise after a year and a half of record lows, according to new data from Wood Mackenzie. Equipment procurement costs for solar and energy storage will jump around 9% starting in Q4 2025, marking the end of the bargain pricing developers have enjoyed for the last 18 months. That’s because China is changing the rules.
Why solar +storage prices are going up
Wood Mackenzie points to three major drivers behind the coming spike:
Polysilicon consolidation. China’s polysilicon production exploded between 2022 and 2024, creating a glut and pushing prices to unsustainable lows. But new government guidelines are now forcing producers to slow down, cutting utilization rates to 55-70%. As a result, polysilicon prices surged 48% in September 2025 alone.
Production cuts across the value chain. Solar module makers are also reducing operating rates, with major producers running at just 55-60% capacity by mid-2025. Outdated PERC cell lines are being phased out, further shrinking available capacity.
The end of China’s export tax rebate. Starting in Q4 2025, China will scrap its 13% VAT export rebate on solar modules and storage systems. This fiscal change will ripple through global pricing since China supplies over 80% of the world’s solar modules and 90% of lithium iron phosphate (LFP) battery packs.
That policy shift means developers worldwide will face higher costs. In the US, storage and solar projects relying on Chinese equipment will likely see about a 9% cost increase in Q4. Analysts expect inverters to lose their export rebate soon, too, adding more upward pressure.
From price war to market correction
For the past year and a half, Chinese manufacturers have been selling solar modules and storage systems at rock-bottom prices, trying to move oversupply even while posting losses. Modules hit record lows of $0.07-$0.09 per watt in 2024 and early 2025. But with government intervention, that price war is ending.
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“This is about to change,” said Yana Hryshko, senior research analyst and head of Global Solar Supply Chain at Wood Mackenzie. “The Chinese government has intervened to stabilize the market, and developers globally will have to adjust their procurement expectations accordingly.”
Wood Mac says the shift represents a “structural correction” toward sustainable margins, not just a temporary market adjustment. “This shift will ultimately benefit the industry’s long-term health,” said Hryshko. Manufacturers will finally have room to reinvest and innovate, but developers will need to revisit budgets and renegotiate supply deals for production scheduled after November 2025.
Bottom line is, ultra-cheap solar and storage gear is on its way out. The next phase of the energy transition will likely come with higher but more sustainable prices.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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Wallbox’s Supernova DC fast chargers will power a major new EV charging network across Western Canada.
Public charging network operator SureCharge Corp is rolling out up to 24 high-speed public charging sites with 96 Wallbox Supernova 180 kW DC fast chargers across Alberta and British Columbia. The new network will fill critical charging gaps along key travel corridors, linking northern, central, and southern Alberta with British Columbia.
The initiative is backed by over $4.7 million from the Government of Canada through Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program and $400,000 from the Government of British Columbia. SureCharge is leading the project, with SureTek Electric & Technologies, a certified Wallbox partner, handling installation, commissioning, and maintenance.
Each site will feature Wallbox’s 180 kW Supernova fast chargers. The Supernova line aims to keep costs low for operators while ensuring drivers have consistent access to high-speed charging.
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SureCharge says the project will connect communities in Western Canada that have never had access to fast chargers. “From the northern stretches of British Columbia to the southern reaches of Alberta, we’re enabling a fast-charging corridor that connects communities across the region,” said Michael Palarchio, SureCharge’s vice-president. “By building a network that’s owned, installed, and maintained by Western Canadians, we’re creating a locally powered solution that works for the people who live, work, and travel here.”
Canadian officials say the project will help ease range anxiety and encourage more people to drive EVs. “With this funding, Canadians traveling on Alberta and British Columbia highways will have access to more EV chargers where they need them most,” said Tim Hodgson, Canada’s minister of energy and natural resources. “These chargers give peace of mind to current EV drivers and help address charging anxiety for those considering an EV purchase.”
The first sites will go live by late 2025 in Red Deer, Lacombe, and Enoch Cree Nation, followed by rapid expansion into Whitecourt, Grande Prairie, Jasper, Fort St. John, Fernie, Edson, and other towns, including Grand Cache, Hinton, Rocky Mountain House, Valleyview, and Diamond Valley.
The project is part of a larger plan to create a long-term, regionwide charging network in partnership with retail, hospitality, and convenience brands committed to sustainable transportation.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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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An investor group representing several large public pension funds has sent a letter urging Tesla shareholders to vote down Tesla CEO Elon Musk’s trillion-dollar pay package, and to replace all of the board members up for re-election, detailing its concerns about Tesla’s corporate governance and risk to long-term shareholder value.
Tesla’s board recently announced a proposal for an eye-wateringly large pay package for its part-time CEO, Elon Musk. The package would be worth up to $1 trillion in stock, assuming various performance metrics are met, which are attached to the company’s stock rising significantly in value.
It would be the largest pay package ever given to any CEO in history, by multiple orders of magnitude.
The new proposal comes after a previous proposal to give Musk a $55 billion pay package, which was ruled illegal after the board misled shareholders and was ruled to be too closely tied to Musk. Tesla then put that same pay package up to another vote, using the same dishonest tactics, where it passed (by a relatively narrow margin, as far as board-recommended shareholder proposals go).
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Unsurprisingly, given that the same Elon-tied board engaged in the same misleading behavior as it had before, the pay package was again voided, saving Tesla shareholders $55 billion.
But the story has continued. Tesla’s board moved in August to give Musk $26 billion, which would still be the largest pay package for any CEO in history. It’s also not far off from the total amount of profits Tesla has ever made over its entire lifetime (Tesla’s quarterly profits have been dropping for the last couple years, under Musk’s leadership).
All Musk has to do to get the money is remain CEO for two years – with no requirement not to remain distracted with his other private companies which he has shown favoritism to or been distracted by.
Musk says he wants the shares so he can have greater control over the company (after selling off much of that control to buy twitter) and defend himself from investors who would seek to replace him with a good CEO, but wants “not so much control that he can’t be thrown out if he goes crazy” (which he already has).
The $26 billion award is different than the previous shareholder proposal, as the move won’t allow a shareholder vote, and can only be opposed by an investor holding a minimum of 3% of Tesla’s stock (or more than $4 billion dollars worth). This minimum is due to an undemocratic law passed by Texas, the state where Tesla moved its corporate headquarters to after famously pro-corporation Delaware applied the law to its previous illegal pay proposal.
But the largest pay package ever in history does not seem to be enough for Musk and his captured board, and they’re now seeking $1 trillion.
However, a large investor group, several members of which opposed the previous pay package, has come out against this one as well – and has asked investors to replace the Tesla board while they’re at it.
Investor group calls for board removal, no $1T pay package
A group representing several large pension funds sent a letter to Tesla investors today, detailing the problems it has with Tesla’s corporate governance. It recommends that shareholders vote against the reelection of Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson, and vote against Proposals 3 and 4, which are both related to the $1 trillion award for Musk.
The letter is signed by SOC Investment Group, Friends Fiduciary Corporation, SHARE, several state treasurers (CO, CT, MA, MD, NM, NV, VT), the New York City Comptroller, the American Federation of Teachers, Afa Försäkring, a Swedish insurance group. These entities for the most part hold long-term funds (for retirement and the like) which are interested in stable corporate performance, rather than volatility.
It points out Tesla’s declining performance over the last few years, with dropping sales and profits and high stock volatility. It says that the company is losing ground on EVs compared to competitors which have rapidly brought new models to market, while Tesla has not. It points out that even in the areas where Musk claims Tesla will be a leader, robotics and driverless taxis, it has not shown that it has a lead over competitors.
The group blames this poor performance on a captured board. It points out that companies with independent boards perform better, and that Tesla’s board has deep personal ties to Musk, and thus cannot challenge him when he takes detrimental actions for the company. Two board members are current or former Tesla executives, four are friends or family of the CEO, and four have been tenured on the board for 10 years or more.
And the board as a whole is highly paid, which threatens impartiality (and was subject to a lawsuit). Tesla’s board chair Robyn Denholm has been paid nearly 200 times as much as the average S&P 500 director.
Further, the board has allowed Musk to be distracted with other companies and government misadventures, while overpaying him despite his lack of focus on the company. While these pay packages have been marketed in a way to claim that they will “energize and focus” Musk, there is a history of Musk channeling resources from Tesla, a public company where he should be beholden to the board and shareholders, to his own private companies, which the board has done nothing to stop.
While only three directors are up for reelection, the investment group urges shareholders to vote down each of them. It notes that Ehrenpreis is a close friend of Musk, Wilson-Thompson has hundreds of millions of dollars in shares (and has been selling them rapidly while telling employees not to) and was the sole decider in the original proposal of Musk’s illegal $55b pay package, and Gebbia has noted personal conflicts of interest before.
But beyond personal difficulties with each of these three directors, the group says that it is crucial to Tesla’s governance to replace as much of the board as possible, so that the process of overhauling Tesla’s poor governance can start.
In discussing other specific proposals, the letter says that Proposal 3, which creates a pool of shares to be given to Musk and other employees, was only made necessary by the board’s improper award of stock to Musk in the $26 billion pay package. Further, combining proposals to create a pool of shares for Musk and for employees disallows shareholders from voting for the employee pool independent of the Musk pool. It takes issue with the way these shares are offered to Musk, which could have tax costs for Tesla shareholders, and suggests that if Musk wants more control, he could just buy shares (which he recently did).
And on Proposal 4, the $1 trillion stock incentive, the letter states that the unprecedented nature of this payday is not matched by similarly unprecedented targets. It states that the performance targets are “vague” and “undemanding,” and “subject to significant discretion by what we believe is a non-independent Board.”
It goes over each of the widely-reported performance targets, relating to vehicle sales, FSD subscriptions, delivery of “bots,” and operation of robotaxis, and describes how each of those targets could be weaseled out of in the way they are worded, and says that it lacks confidence that the board will demand real achievement of those targets.
Even if other targets related to Tesla’s market capitalization are met, the letter points out that granting so much stock to Musk would dilute other shareholders, and that TSLA’s high volatility means that large price swings might result in equity awards for Musk which do not result from stable increases in shareholder value.
Along with this dilution comes an “erosion of rights” for shareholders at Tesla. The move from Delaware to Texas removed some voting rights from shareholders, and the board has historically required supermajority shareholder votes for changes in corporate governance. While a proposal exists to remove supermajority requirements this year, the board has not recommended a vote on it.
The letter concludes by stating that voting against these proposals is incredibly important, and could be the last time Tesla shareholders have meaningful say over the company. As Musk’s ownership percentage has fallen while he’s sold off stock for his various misadventures, this has opened up the possibility of shareholders voting in their own interests for once, rather than in Musk’s. The company itself has stated that the goal of these proposals is to ensure Musk has more control over the company, and then asks shareholders to give up their own control for a CEO who has proven to make poor decisions.
Electrek’s Take
We covered the last time an investment group with many of the same members called for a vote against Musk’s $55 billion pay package, and we agreed with that letter then, as we agree with this letter now. Unfortunately, shareholders made the wrong decision last time, but there’s still a chance to wake up now, despite that Musk has decided to temporarily focus all of his media efforts shilling for his trillion dollars.
Putting aside the many ancillary issues of how Musk has behaved publicly in ways that oppose Tesla’s mission for the last few years (which has been bad for Tesla, both reputationally and politically), on a strictly corporate level, Musk has been a bad CEO.
We could (and do) go on and on about his poor leadership and how Tesla would do better with another CEO who doesn’t threaten the company and spew lies, and we hope that the ridiculous numbers attached to this stock award might make shareholders realize what a goofy idea it is to give a bad CEO so much money.
We’ve also seen the ridiculous ads that Tesla keeps putting out, on a daily basis, shilling for shareholders to vote against their own interests. Yesterday, the company suggested that if Musk doesn’t get his trillion dollars in stock, Tesla employees won’t be able to afford houses. The whole thing is just stupid.
But why are we at Electrek interested in this shareholder vote? Because we, as a publication that advocates for EVs and wants all the clean air and efficiency benefits that come along with them (and, as lung-havers who live on this planet, you should too), want a strong EV industry. And Tesla, which has for some time been at the forefront at that industry, needs to be strong in order to keep the industry strong.
Tesla drove innovation in EVs early on, but is no longer at the forefront. It could be again, if it had better leadership. And the first step at solving that problem is reining in the excesses of the leader who is currently running the company into the ground and harming the industry as he does so.
Voting against this pay package, and against the captured board that has enabled this sort of behavior, is a concrete step that any Tesla shareholder can take to improve not just Tesla’s corporate governance, but the EV industry and, indeed, the future of the world’s transition towards sustainable transport.
The 30% federal solar tax credit is ending this year (after Musk donated $200 million to the people who promised to end it, harming Tesla’s business). If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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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