In the past 48 hours, the electric vehicle industry has shown dynamic progress, marked by new market incentives, robust sales figures, and major partnerships. In the United States, General Motors reported a record 19000 EVs sold in July, with the Chevrolet Equinox EV making up more than 8500 units. This monthly mark not only represents a 115 percent year-over-year sales growth for GM, but also stands as the highest single-month volume for a non-Tesla EV in US history. The Equinox EVs strong demand indicates a growing appetite for affordable long-range EVs, particularly among younger buyers and first-time customers from rival brands[5][7].

The market environment is shifting due to the upcoming expiry of the U.S. federal consumer EV tax credit, prompting both industry-wide sales surges and positioning GM as the nations second-largest EV seller. Meanwhile, Tesla responded to sliding sales in some markets with fresh incentives, signaling visible downward pressure on EV pricing and likely making electric vehicles more accessible in the coming months[3].

In the United Kingdom, government action has taken center stage. The newly launched 650 million pound Electric Car Grant scheme now offers buyers 1500 pounds off approved electric models, with discounts instantly applied to the first qualifying Citroën vehicles. This effort coincides with the Zero Emission Vehicle Mandate, which sets annual targets for the share of zero-emissions sales and has spurred rapid growth in new public EV charge points—over 17300 added in the last year, up 27 percent[6]. However, the growth in BEV sales—up 34.6 percent for the first half of 2025 in the UK—has been driven almost entirely by corporate fleets, not private buyers, due to attractive company tax incentives. Among private buyers, registrations actually fell 8.7 percent last year, with many opting for hybrid over pure electric models, highlighting ongoing consumer hesitancy[1].

New partnerships also reshaped the landscape this week. SolarEdge and Schaeffler announced a deal to deliver 2300 new EV charging points at Schaeffler sites across Europe, leveraging advanced energy optimization software to power fleet and employee charging operations[4]. In the fleet sector, the EV Cafe and Leasing.com launched the UKs first exclusive online comparison hub for electric-only fleet leasing, addressing persistent pain points for businesses looking to transition to EVs[2].

Overall, the past week in EVs has blended record-setting sales, substantial price support, and supply chain partnerships. Though regional variations and buyer hesitancy persist, incentives and infrastructure investments are reshaping demand and accelerating the move toward mass EV adoption.

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This content was created in partnership and with the help of Artificial Intelligence AI