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In the midst of the United Auto Workers’ strike, Representative Alexandria Ocasio-Cortez was asked on Face The Nation whether she plans to trade in her Tesla Model 3 for a union-built EV.

However, there really aren’t many EVs she could pick from, and that’s a problem for the Big Three, the UAW, the American auto industry, and US workers in general. And also for AOC.

The UAW started striking two weeks ago, beginning with shutting down one plant at each of the Big Three auto companies. Only one plug-in car was affected initially, the Jeep 4xe.

Since then, the strike has expanded to several more GM and Stellantis parts distribution centers, but the strike against Ford has not expanded as the UAW says talks are progressing better there.

With only one plug-in car currently affected by the strike, it may seem like EVs lucked out, or that the unions perhaps decided not to stop EV production. But in actuality, the reason that union-made EVs haven’t been affected by the partial shutdowns is because, well, there just aren’t very many of them.

What choices does AOC have?

Rep. Alexandria Ocasio-Cortez (AOC) has spoken out repeatedly supporting unions. She’s stood on picket lines in her district and generally supports strikes and labor unions.

Last year, she stated that she wanted to trade in her Tesla Model 3 and get a union-made EV instead. And this weekend, with the UAW striking, she was asked the same question again.

In her answer she mentioned that she purchased her car during the pandemic, looking for safe and efficient travel to DC from her district in Queens, New York. At the time, the Model 3 was the best choice for this – and, frankly, it probably still is, based on fast charging capability, price, range, and general vehicle quality.

But it’s also not union-built, and in addition, Tesla CEO Elon Musk often interferes with unionization efforts and talks down on unions (he even did so yesterday) and routinely acts publicly creepy towards AOC, which is likely a contributing factor to her desire to rinse her hands of the brand.

At the time, the only union-built EV made in the US was the Chevy Bolt. There are more union-built EVs today than there were in 2020 when AOC bought her Tesla, but the choices are still limited.

In the last few years, we’ve seen the Ford F-150 Lightning, the Hummer EV, and the Cadillac Lyriq all go into production here in the US with union manufacturing. But none of those would really be great choices for AOC. Nor would the E-Transit, which is mainly for commercial use, though it paints an amusing #Vanlife image for the congresswoman.

The Lightning and Hummer are far too large for a city dweller, and likely too way much vehicle for her purposes. And the Lyriq, despite being really dang nice, is probably not the right statement for an everyman representative like her – although its $57k base price is almost identical to the $58k MSRP that Long Range Model 3s were fetching at their peak price at the end of last year.

At least, those are some union-made EVs that are built in the United States. If we expand elsewhere, we can find plenty of examples of EVs built by union labor. While foreign automakers typically run non-union shops in the US, they are unionized in their own countries (so, no ID.4 then unless she picks a used, early run model before they switched to Tennessee models). European auto-worker unions are strong (especially in Germany), and Asian automakers are typically unionized domestically even if their unions are not as strong as in Germany. Mexican auto assembly plants are also often unionized, including the one that builds the Mustang Mach E.

But, as a US rep, she is probably looking for a US-made vehicle (and to be fair, she does have the most American-made vehicle already in her Tesla). So even the Mach E from our neighbors to the South is out of the running.

That leaves us the same choice she would have had in 2020: the unassuming but awesome Chevy Bolt. We at Electrek think this is a great choice, having given it our Vehicle of the Year award, and it remains a screaming deal given its low MSRP and availability of credits and incentives to drive that price down further (if you can find one anyway – you can check local dealer inventory here).

A Bolt EUV (due to Super Cruise availability, for that long trip down to DC) is going to be our official recommendation.

But it’s still not ideal for her circumstances, since the Bolt has a slow 54kW DC charge rate. Since Queens and DC are about 240 miles apart, the Bolt’s 247 mile range will likely need a little top-up for safety along the way, and slow DC charge rate and lack of access to Tesla’s superior Supercharger network (though that’s changing soon) will make that experience less than optimal.

Bolt Supercharger

Her choices could be getting better soon, with the upcoming Chevy Blazer and Equinox EVs, but those aren’t out yet (though they’re due to hit the road this coming quarter). And her choices will get a little worse at the end of the year as well, since the excellent Chevy Bolt is due to end production in December (though it is slated to come back).

So it’s no wonder she hasn’t been able to trade in her car yet – and that’s kind of a problem.

Electrek’s Take

It’s a problem because it shows that the companies that have formed the industrial backbone of the US for so long are simply not building enough EVs. Everyone understands that EVs are the future of the auto industry – though we at Electrek would argue that they are also the present of the auto industry, not just the future.

Tesla currently has around 5x the combined market cap of Ford, GM, and Stellantis, despite that those three companies combined sell about 10x as many vehicles as Tesla currently. This is obviously a quite… optimistic valuation, but it also shows, among other things, that the market values growth and sees where the industry is going. And it’s clear that investors, as a collective, have more confidence in Tesla’s ability to prepare for the future of the industry than they do in the Big Three combined.

Some, including business media and leadership from the Big Three in the last week or two, blame this on the UAW themselves. The argument goes that unionized labor asks for too much or stands in the way of progress, and that this cripples the Big Three with labor costs and keeps them from being competitive as vehicles evolve, particularly given that EVs will require fewer assembly hours than gas cars.

But as mentioned above, other countries’ automakers have strong auto unions and yet are not similarly “shackled.” And when questioned about whether they might oppose the industry’s green transition due to this drop in assembly hours, UAW leadership has never taken the bait and has merely insisted it be a “just transition.”

Meanwhile, analyses have shown that countries and automakers that don’t fully participate in this green transition aren’t going to do well. We covered a report suggesting Japan’s GDP could drop a full 14% due to its failure to move on EVs. And a year later, we’ve already seen Mitsubishi and Toyota reduce their presence in China due to failure on EVs, and the same goes for other foreign automakers who have underestimated EV demand there. Then there’s the matter that Tesla is outselling Toyota in California and has the world’s best-selling car, the first EV to gain that title.

So everybody knows that we need to go in the right direction, but American automakers have still been slow to offer a wide variety of EV models – despite GM’s promises to the contrary.

The US government has tried to stimulate more production here, via the Inflation Reduction Act, which gives tax credits to domestically-produced EVs. The proposed law originally included an additional union-made credit, but it was struck by the efforts of all 50 republicans and Joe Manchin.

The law has been successful in onshoring production of EVs, as manufacturers have announced investments in domestic EV production totaling in the hundreds of billions of dollars. But it has been less successful in creating union jobs, as many of those announcements are non-union (though we did see the first battery plant unionize late last year and win a pay raise last month).

As I stated in the last article about this, personally, I’m pro-union. And I think that everyone should be – it only makes sense that people should have their interests collectively represented, and that people should be able to join together to support each other and exercise their power collectively, instead of individually.

This is precisely what companies do with industry organizations, lobby organizations, chambers of commerce, and so on. And it’s what people do when sorting themselves into local, state, or national governments. So naturally, workers should do the same. It only makes sense.

Unions are important not just for AOC’s car choices, but for American labor as a whole. The US economy and US workers tend to do better when unionization rates are high, and the auto industry is one of the bulwarks of organized labor in the US and has been central to US manufacturing prowess for decades. This is why AOC supports them, and why President Biden, who joined UAW workers on the picket line yesterday, does as well.

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Stripe cuts 300 jobs in product, engineering and operations

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Stripe cuts 300 jobs in product, engineering and operations

The Stripe logo on a smartphone with U.S. dollar banknotes in the background.

Budrul Chukrut | SOPA Images | LightRocket via Getty Images

Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.

The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.

A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.

McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”

“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.

In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.

Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.

In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies. 

Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.

WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal

Early Bridge investor weighs in on $1.1 billion Stripe deal

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Rivian is offering up to $6,000 to upgrade your R1S or R1T

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Rivian is offering up to ,000 to upgrade your R1S or R1T

Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.

Rivian R1S and R1T upgrade deal offers up to $6,000

Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.

After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.

Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.

With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.

Rivian-EV-upgrade-$6,000
Rivian R1T (left) and R1S (right) electric vehicles (Source: Rivian)

Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:

  • Tri with Max battery: $6,000 USD / CAD 8,600
  • Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
  • Dual with Max battery: $3,000 USD / CAD 4,300

The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.

After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”

Rivian-EV-upgrade-$6,000
Rivian R1S (Source: Rivian)

Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.

The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.

Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.

Electrek’s Take

Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.

Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.

Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.

Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.

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Hyundai IONIQ 5 and IONIQ 9 lose the $7,500 EV tax credit: Here’s how you can still get it

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Hyundai IONIQ 5 and IONIQ 9 lose the ,500 EV tax credit: Here's how you can still get it

In a sudden reversal, Hyundai’s new IONIQ 5 and IONIQ 9 EVs no longer qualify for the $7,500 US tax credit. Although this is a major blow to one of the top-selling EV brands in the US, there is still a way you can get the credit. Here’s how.

Hyundai EVs lose US federal tax credit in 2025

After setting another new US retail sales record last year, its fourth straight, Hyundai expected 2025 could be even bigger.

“With exciting new models like the IONIQ 9 and increased US production ramping up at our new Hyundai Motor Group Metaplant America in Georgia, I’m confident this momentum will continue,” Hyundai Motor North America CEO Randy Parker said.

Earlier this month, Hyundai announced its new 2025 IONIQ 5 and IONIQ 9, both made in the US, qualified for the $7,500 federal EV tax credit.

This was significant news because it was the first time Hyundai qualified since the Inflation Reduction Act (IRA) passed in 2022.

The upgraded 2025 IONIQ 5 and Hyundai’s three-row IONIQ 9 were among 25 EVs that qualified for the credit in early January.

Hyundai-EV-tax-credit
2025 Hyundai IONIQ 5 XRT (Source: Hyundai)

According to the updated list from the Department of Energy (DOE) last week, Hyundai no longer has eligible EV models. The only Hyundai Motor Group (including Kia and Genesis) electric cars that qualify are the 2025 Kia EV6 and 2026 Kia EV9. Genesis, Hyundai’s luxury brand, also lost eligibility.

Hyundai began production at its new $7.6 billion EV plant in Georgia in October. The new 2025 IONIQ 5 was the first to roll off the assembly line, which will be joined by Hyundai’s three-row IONIQ 9.

Hyundai-EV-tax-credit
2026 Hyundai IONIQ 9 (Source: Hyundai)

Last year, Hyundai said it expected US-built models would qualify for a partial $3,750 credit until its battery unit with SK On came online, which was expected sometime in 2025.

Kia builds the new 2025 EV6 and three-row EV9 at its West Point, GA plant, enabling it to still qualify for the credit.

Meanwhile, Hyundai is still passing the $7,500 EV tax credit on through leasing. With leases starting as low as $199 per month, the new 2025 IONIQ 5 is still cheaper than a new Toyota RAV4.

Hyundai-EV-tax-credit
2025 Hyundai IONIQ 5 (Source: Hyundai)

With a bigger 84 kWh battery, the 2025 IONIQ 5 has a driving range of up to 328 miles, up from 303 miles in the outgoing model, which had a 77.4 kWh battery. It also gains noticeable design upgrades and now includes an NACS port for charging at Tesla Superchargers.

The IONIQ 5 was already the fourth-top-selling electric vehicle in the US last year. With more range, an upgraded design, and a Tesla NACS port, it will be even more attractive in 2025.

2025 Hyundai IONIQ 5 Trim EV Powertrain Driving Range (miles) Starting Price* 
IONIQ 5 SE RWD Standard Range 168-horsepower rear motor 245 $42,500
IONIQ 5 SE RWD 225-horsepower rear motor 318 $46,550
IONIQ 5 SEL RWD 225-horsepower rear motor 318 $49,500
IONIQ 5 Limited RWD 225-horsepower rear motor 318 $54,200
IONIQ 5 SE Dual Motor AWD 320-horsepower dual motor 290 $50,050
IONIQ 5 SEL Dual Motor AWD 320-horsepower dual motor 290 $53,000
IONIQ 5 XRT Dual Motor  AWD 320 horsepower dual motor 259 $55,400
IONIQ 5 Limited Dual Motor AWD 320-horsepower dual motor 269 $58,100
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)

Hyundai launched a new promo last week. It offers those who buy or lease the new 2025 IONIQ 5 a free ChargePoint Level 2 EV charger. Alternatively, you can choose a $400 charging credit.

Are you ready to test Hyundai’s new electric vehicles for yourself? We can help you get started. Check out our links below to find deals on Hyundai, Kia, and Genesis EVs at a dealer near you today.

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