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ev.news episodes

  • ev.news Daily: Denmark Hits 80% EV Share, Ford Warns On China & Solar Sets Records | 03 Aug 2026
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    DENMARK EVS TAKE 80.2% OF JULY MARKET https://evne.ws/5vnih

    FORD SETS FIVE- TO 10-YEAR CLOCK ON CHINA https://evne.ws/aj7rb

    SOLAR SETS JULY POWER RECORD IN GREAT BRITAIN https://evne.ws/rrrlh

    GENESIS GV90 KEEPS COACH DOORS https://evne.ws/0w0xc

    GENESIS GV90 STARTS AUSTRALIAN ROAD TESTS https://evne.ws/o7hyj

    IONIQ 5 MULE HINTS AT PLEOS CABIN https://evne.ws/z8xu1

    NSW TO PRESS AHEAD WITH EV ROAD CHARGE https://evne.ws/o0tn2

    BYD TI7 ARRIVES IN UK AT £47,995 https://evne.ws/r048s

    CHINESE BRANDS FORCE UK CAR DISCOUNTS https://evne.ws/86ctd

    ALLEGO PLOTS £100 MILLION UK CHARGER PUSH https://evne.ws/vlw6n

    DS PINS UK HOPES ON N°3 https://evne.ws/jdwpz

    LUCID LOCKS SALVAGE AIRS INTO SERVICE MODE https://evne.ws/zvb0a
    19 min
  • ev.news Briefly: Denmark, Ford, Solar & more | 03 Aug 2026
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    BYD JULY SALES HIT 419,211 https://evne.ws/w1k09

    CHERY EXPORTS TOP 200,000 IN JULY https://evne.ws/l4nft

    GEELY JULY SALES HIT RECORD ON EXPORT BOOM https://evne.ws/clwkq

    LEAPMOTOR TOPS 100,000 JULY DELIVERIES https://evne.ws/myzb0

    NIO SETS AUGUST DEBUT FOR FIFTH-GEN SWAP https://evne.ws/d4rnr

    XIAOMI EV JULY DELIVERIES TOP 30,000 https://evne.ws/t3gan

    ZEEKR HITS FOURTH MONTHLY DELIVERY RECORD https://evne.ws/b005h

    CHINA SETS EV BATTERY HEALTH DISPLAY STANDARD https://evne.ws/1ls6r

    BYD BATTERY ROW SHIFTS TO POLICE https://evne.ws/c1w2j
    5 min
  • ev.news China: July EV Sales Records, Export Growth Continues & China's New Battery Health Standard | 03 Aug 2026
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    BYD JULY SALES HIT 419,211 https://evne.ws/w1k09

    CHERY EXPORTS TOP 200,000 IN JULY https://evne.ws/l4nft

    GEELY JULY SALES HIT RECORD ON EXPORT BOOM https://evne.ws/clwkq

    LEAPMOTOR TOPS 100,000 JULY DELIVERIES https://evne.ws/myzb0

    NIO SETS AUGUST DEBUT FOR FIFTH-GEN SWAP https://evne.ws/d4rnr

    XIAOMI EV JULY DELIVERIES TOP 30,000 https://evne.ws/t3gan

    ZEEKR HITS FOURTH MONTHLY DELIVERY RECORD https://evne.ws/b005h

    CHINA SETS EV BATTERY HEALTH DISPLAY STANDARD https://evne.ws/1ls6r

    BYD BATTERY ROW SHIFTS TO POLICE https://evne.ws/c1w2j
    25 min
  • ev.news Daily: EV Sales Spread, Rivian R2 Starts Strong and VW Wants More Tariffs | 01 Aug 2026
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    EV SALES SPREAD AS CHINA SLOWS https://evne.ws/dsw5n

    EUROPEAN BEV SHARE HITS RECORD IN JUNE https://www.jato.com/resources/media-and-press-releases/bevs-overtake-25-of-the-european-market-as-june-delivers-the-strongest-month-of-2026

    RIVIAN BEATS, BUT R2 COSTS MOUNT https://evne.ws/4dehj

    RIVIAN SEES STRONG EARLY R2 CONVERSION https://evne.ws/rlsis

    VW URGES FAST EU TARIFFS ON CHINESE PHEVS https://evne.ws/43251

    DENZA OPENS UK BAO 5 ORDERS https://electriccarsreport.com/2026/07/denza-bao-5-uk-price-specs-and-range-confirmed/

    MERCEDES FACES YEARS OF CHINA PRICE PRESSURE https://evne.ws/vcrf8

    GENESIS PRICES GV60 MAGMA AT $71,495 https://evne.ws/9cese

    CHINESE TRUCK MAKERS USE EUROPE’S FACTORIES https://evne.ws/8130s

    VATTENFALL TESTS OPEN EV CHARGING BAYS https://evne.ws/mtoeh

    MAN STARTS MCS-READY ELECTRIC TRUCK PRODUCTION https://evne.ws/aslzg

    NEXT MX-5 READIES FOR ELECTRIC FUTURE https://evne.ws/xownl
    18 min
  • ev.news Briefly: EV Sales, Rivian, VW & more | 01 Aug 2026

    It's ev.news Briefly for Saturday 01 August 2026, everything you need to know in 4 minutes if you haven't got time for the full show.

    Patreon supporters fund this show, get the episodes ad free, as soon as they're ready and are part of the EV News Daily Community. You can be like them by clicking here: https://www.patreon.com/EVNewsDaily


    EV SALES SPREAD AS CHINA SLOWS
    Global EV sales rose 35% in Q2 2026 with record sales in 50 countries, while more than 90 countries posted year-on-year growth despite a 5% decline in overall car sales. The IEA now forecasts EVs will account for 29% of global sales in 2026, driven by growth beyond China and the US in markets like Australia, Brazil, India, Korea and Vietnam, though China's EV sales are expected to stagnate year-on-year for the first time this decade while still representing over 60% of new cars sold there.
    EUROPEAN BEV SHARE HITS RECORD IN JUNE
    European new car registrations rose 13% year-on-year in June with BEV registrations climbing 50.7% to capture a record 25.7% market share of 359,300 units. Combustion vehicles fell 13.6% to 27% market share, while Tesla led EV rankings but growth broadened across Renault, BMW, Skoda, Mercedes-Benz, Kia, Volvo and BYD.
    RIVIAN BEATS, BUT R2 COSTS MOUNT
    Rivian posted Q2 2026 revenue of $1.658 billion with record gross profit of $179 million and 11% gross margin, improving for five consecutive quarters, but the R2 mid-size SUV ramp added $100 million in extra costs. The company raised full-year delivery guidance to 65,000-70,000 vehicles and narrowed adjusted EBITDA loss guidance to $1.8-2.0 billion, requiring roughly 42,000-47,000 deliveries in the second half.
    RIVIAN SEES STRONG EARLY R2 CONVERSION
    Rivian reported R2 Launch Edition reservation-to-order conversion is running meaningfully above expectations, signaling strong demand at the premium price point. The company expects broader R2 trim availability in early 2027, which could drive better momentum when lower-priced versions become available.
    VW URGES FAST EU TARIFFS ON CHINESE PHEVS
    VW Group CEO Oliver Blume called for the EU to quickly apply 35% tariffs on Chinese plug-in hybrids similar to those on Chinese battery electric vehicles, citing undercutting of European car makers. Chinese brand sales in Europe rose 101% in H1 2026 to 685,990 units with 9.5% market share, up from 5% a year earlier, with BYD models dominating the PHEV top sellers list.
    DENZA OPENS UK BAO 5 ORDERS
    DENZA opened UK orders for the BAO 5 plug-in hybrid SUV priced from £69,500 to £78,880, featuring a dual-motor system delivering 544PS combined power with 62 miles of electric range and up to 100kW DC charging. The entry Elegance trim includes premium features like a 15.6-inch central screen with Google, leather upholstery, panoramic roof and a 18-speaker Devialet audio system.
    MERCEDES FACES YEARS OF CHINA PRICE PRESSURE
    Mercedes-Benz CEO Ola Källenius warned that China's EV pricing war will persist for years as Chinese brands like BYD push aggressively into the luxury segment, challenging models such as the S-Class and G-Class. Mercedes recorded a 30% second-quarter sales drop in China, though the company is cutting costs and maintaining strength in its top-end luxury and AMG segments.
    GENESIS PRICES GV60 MAGMA AT $71,495
    Genesis priced its first performance EV, the GV60 Magma, at $71,495 with deliveries starting in select US states, targeting Mercedes-AMG and BMW M buyers with 600hp in normal use and 641hp in Boost Mode for under four-second 0-60mph acceleration. The car uses an 84kWh battery with 800V architecture enabling 10-80% charging in about 20 minutes and features an electronic limited-slip differential, Drift Mode and simulated engine sounds.
    CHINESE TRUCK MAKERS USE EUROPE'S FACTORIES
    Chinese truck makers SuperPanther and Sinotruk are entering Europe through contract manufacturing at existing plants rather than building new factories, using the semi-knocked-down method to speed market entry and reduce costs. Steyr Automotive in Austria now assembles SuperPanther's eTopas 600 and Sinotruk's vehicles, with plans to expand to cab production and painting as volumes rise.
    VATTENFALL TESTS OPEN EV CHARGING BAYS
    Vattenfall InCharge is piloting 300 public chargers in North Brabant and Limburg from August 2026 to January 2027, splitting them between 150 open bays for all vehicles and 150 standard bays reserved for EVs to test faster deployment by removing exclusive EV parking restrictions. The trial addresses an administrative bottleneck rather than a technical one, testing whether chargers can be installed faster without requiring traffic rulings and public objection periods.
    MAN STARTS MCS-READY ELECTRIC TRUCK PRODUCTION
    MAN started series production of MCS-ready electric trucks, the eTGX and eTGS, at its Munich plant as the first series-produced European electric trucks supporting Megawatt Charging System at up to 750kW via MCS. With configurations of 534kWh or 623kWh usable capacity, the trucks achieve 20-80% charges in under 30-40 minutes, fitting within legally required driver breaks for long-haul use.
    NEXT MX-5 READIES FOR ELECTRIC FUTURE
    Mazda CEO Masahiro Moro said the next MX-5 Miata will be designed with electrification in mind, marking a shift from earlier statements emphasizing the internal combustion engine as the current path forward. Patents from 2025 show Mazda exploring batteries running through the transmission tunnel to support a flexible chassis, with the company aiming to preserve the Miata's core character during its transition to electric power.
    5 min
  • ev.news Daily: Mercedes Reveals GLA, Ferrari Hits EV Targets Early and Renault Surges On EV Success | 31 Jul 2026
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    MERCEDES LAUNCHES ELECTRIC GLA FIRST https://evne.ws/jnyta

    FERRARI LUCE BEATS 2026 SALES TARGET https://evne.ws/i2gia

    RENAULT PROFITS BEAT ON EVS AND CUTS https://evne.ws/qdabj

    WALMART BUILDS OUT US FAST CHARGING https://www.bloomberg.com/news/articles/2026-07-29/why-walmart-is-quickly-adding-charging-stations-to-its-stores

    CANADA’S FAST CHARGERS OUTPACE DEMAND https://evne.ws/zo6p5

    FORMER VW ENGINEERS CHARGED OVER RIVIAN DEAL TRADES https://evne.ws/bvddj

    IONIQ 3 OPENS UK AND EUROPE ORDERS https://evne.ws/29nle

    KIA COMMITS $649 MILLION TO MEXICO EVS https://evne.ws/m66ns

    V2G COULD DWARF MANAGED CHARGING VALUE https://evne.ws/qs3mu

    SC01 SET FOR UK ARRIVAL IN 2027 https://evne.ws/wsx0m
    19 min
  • ev.news Briefly: Mercedes, Ferrari, Renault & more | 31 Jul 2026

    It's EV News Briefly for Friday 31 July 2026, everything you need to know in less than 5 minutes if you haven't got time for the full show.

    Patreon supporters fund this show, get the episodes ad free, as soon as they're ready and are part of the EV News Daily Community. You can be like them by clicking here: https://www.patreon.com/EVNewsDaily


    MERCEDES LAUNCHES ELECTRIC GLA FIRST
    Mercedes unveiled the all-electric GLA in Warsaw, breaking from its usual pattern by launching three battery-electric versions first in November, with hybrids following in early 2027. Built on the 800-volt MMA platform, the GLA offers up to 657 km WLTP range, 320 kW charging, and starts at €48,599 as Mercedes' cheapest electric SUV.
    FERRARI LUCE BEATS 2026 SALES TARGET
    Ferrari's electric Luce hit its 2026 sales target of nearly 500 units within two months of its May launch, despite public backlash, an 8% share price drop, and the departure of marketing chief Enrico Galliera. Demand proved strongest in China, where its 88-unit allocation sold out at roughly $589,000, with Ferrari targeting 2,500 total Luce sales by 2030.
    RENAULT PROFITS BEAT ON EVS AND CUTS
    Renault posted a 5.2% operating margin and 9.5% revenue growth in the first half of 2026, beating forecasts through cost cuts and a stronger EV lineup, outperforming Audi and Mercedes-Benz margins for the period. CEO Francois Provost is pushing cheaper EVs like the €19,490 Twingo and €25,000 R5 to defend market share against BYD, Opel and Citroën, while targeting €400 in annual per-vehicle cost savings.
    WALMART BUILDS OUT US FAST CHARGING
    Walmart has opened about 46 high-speed public charging stations with 380 cords across roughly 326 of its 4,600 US stores, ranking second only to Tesla in network expansion during the second quarter. The retailer is leaning on its vast footprint—90% of Americans live within 10 miles of a store—to combine charging dwell time with shopping, potentially lifting store sales by about 5%.
    CANADA'S FAST CHARGERS OUTPACE DEMAND
    Canada's DC fast-charger utilization fell to just 9.5% in Q2 2026, down from 11.3% in Q1 and well below the 15-20% operators typically need to break even, trailing the US average of 15.8%. Paren's data, covering nearly 10,000 ports, shows profitability is highly site-specific, prompting calls for demand-led charger siting and better reliability.
    FORMER VW ENGINEERS CHARGED OVER RIVIAN DEAL TRADES
    Prosecutors charged former Volkswagen engineers Michael Stamp and Michael Plank with insider trading ahead of VW's $5 billion Rivian joint venture announcement in June 2024, which sent Rivian shares up 23%. Stamp allegedly made $250,000 and Plank $50,000, with Plank also accused of tipping a family member who made $12,000, while incriminating searches about insider trading laws feature in the case.
    IONIQ 3 OPENS UK AND EUROPE ORDERS
    Hyundai's new IONIQ 3 electric hatchback has drawn more customer interest than any previous Hyundai launch, debuting at Goodwood with UK pricing expected under £25,000 and offering up to 308 miles of range from a 61 kWh battery. Built on the E-GMP platform for the European market, the compact IONIQ 3 is not planned for a US launch.
    KIA COMMITS $649 MILLION TO MEXICO EVS
    Kia will invest $649 million in its Pesquería, Mexico plant to begin producing the EV3 compact SUV starting August 4, marking its first EV production in the country. The move, tied to Mexico's Plan México initiative, is expected to create 500 jobs this year and 1,500 by 2030, while helping Kia navigate USMCA trade rules and tariffs.
    V2G COULD DWARF MANAGED CHARGING VALUE
    A General Motors-commissioned E3 study found vehicle-to-grid technology could deliver five to 15 times more value per EV than one-way managed charging, totaling roughly $7 billion nationwide by 2030, with the strongest returns in California, ERCOT, and the Pacific Northwest. GM already has 250,000 bidirectional-capable vehicles on the road and is pushing utilities to speed up V2G tariffs and approvals, including a plan to use 52,000 vehicles to balance PG&E's grid by 2030.
    SC01 SET FOR UK ARRIVAL IN 2027
    Small Sports Car Company will bring its China-built SC01 lightweight electric sportscar to the UK, featuring 429 bhp, a 1,365 kg curb weight, a 2.9-second 0-62 mph time, and a 500 km CLTC range. UK demonstration cars arrive in Q4 2026, with right-hand-drive customer cars following from April 2027, though pricing has not yet been announced.
    5 min
  • ev.news China: Dongfeng 1.5MW Charging, Xiaomi Nomad EREV Presales and China’s EV Policy Plans | 31 Jul 2026
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    DONGFENG JOINS CHINA’S 1.5MW CHARGING RACE https://evne.ws/07jy5

    XIAOMI OPENS SKY NOMAD EREV PRE-SALES https://evne.ws/xzfxy

    CHINA PUTS SMART EVS AT POLICY CORE https://paultan.org/2026/07/29/china-to-fast-track-a-dedicated-15th-five-year-plan-for-smart-connected-evs-focus-on-software-and-autonomy/

    CHINA BUILDS CHARGING AT SCALE https://www.chinadaily.com.cn/a/202607/28/WS6a688fc7a310986e2b467c34.html

    DEEPAL OPENS REFRESHED S05 PRE-SALES https://evne.ws/ih3ar

    FREELANDER 8 STARTS CHINA PRODUCTION https://evne.ws/ktbjs

    BRAZIL TOPS CHINESE CAR IMPORTS https://www.scmp.com/news/china/article/3362315/brazil-becomes-worlds-top-buyer-chinese-cars-imports-jump-147

    BYD PASSES 100,000 UK REGISTRATIONS https://evne.ws/bhjoe

    BYD STAYS IN FORTUNE GLOBAL 500 TOP 100 https://www.byd.com/uk/news-list/byd-ranks-91st-in-2026-fortune-global-500

    LI AUTO, XIAOMI STRETCH EREV OIL INTERVALS https://evne.ws/sy7uk
    17 min
  • ev.news Daily: BMW iX3 Hits 100,000, Zeekr 9X Arrives In Europe and SK Partner With Factorial For Solid State | 30 Jul 2026
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    BMW IX3 ORDERS NEAR 100,000 https://evne.ws/2cykd

    BMW TO BUILD IX5 BATTERY PACKS IN SOUTH CAROLINA https://evne.ws/0edr7

    ZEEKR 9X ARRIVES IN EUROPE https://evne.ws/dwtl4

    SK ON AND FACTORIAL TARGET SOLID-STATE SCALE https://evne.ws/ocft9

    TESLA SHIP LOAD SETS SHANGHAI RECORD https://www.scmp.com/economy/china-economy/article/3362084/china-made-vessel-carries-record-number-evs-shipment-shanghai-europe

    NORWAY LEADS GLOBAL EV ADOPTION INDEX https://evtech.news/charging-infrastructure/worlds-most-ev-friendly-countries-ranked-norway-leads-global-ev-adoption-index-denmark-second-china-third.html

    MITSUBISHI RETURNS TO NORTH AMERICA WITH LEAF EV https://evne.ws/9mma3

    LEPAS L8 TARGETS EUROPE ON VALUE https://evne.ws/62kzo

    KERBSIDE CHARGING SEARCHES JUMP AS EV COST SCRUTINY GROWS https://www.motortradenews.com/electric-vehicles/searches-for-kerbside-ev-charging-up-125-in-three-months-vertu-finds/

    PRINCE AL WALEED RAISES LUCID STAKE https://techcrunch.com/2026/07/28/saudi-prince-buys-5-stake-in-lucid-motors/
    20 min
  • ev.news Briefly: BMW, Zeekr 9X, Solid State Batteries & more | 30 Jul 2026

    It's EV News Briefly for Thursday 30 July 2026, everything you need to know in less than 5 minutes if you haven't got time for the full show.

    Patreon supporters fund this show, get the episodes ad free, as soon as they're ready and are part of the EV News Daily Community. You can be like them by clicking here: https://www.patreon.com/EVNewsDaily


    BMW IX3 ORDERS NEAR 100,000
    BMW has taken nearly 100,000 orders for the iX3 since launch and is raising output at its Debrecen plant in Hungary, which built its 50,000th unit just nine months after opening — the fastest ramp-up of any new BMW plant. The Neue Klasse flagship uses sixth-generation eDrive tech and a 108.7 kWh battery, charges at up to 400 kW to add 373 km (231 miles) in ten minutes, and starts at €73,925 ($85,200) in Germany for the iX3 50 xDrive with up to 805 km (500 miles) of WLTP range.
    BMW TO BUILD IX5 BATTERY PACKS IN SOUTH CAROLINA
    BMW will begin mass production of iX5 high-voltage battery packs in December at its new Plant Woodruff in South Carolina, near Plant Spartanburg where the iX5 is assembled, keeping pack assembly in-house to build a local supply chain, cut geopolitical risk and reduce logistics costs. AESC, now majority-owned by China's Envision Group, supplies the 120 mm cylindrical cells — which deliver 30% more usable energy than the iX3's 95 mm cells — giving the US iX5 a 144 kWh pack (141 kWh in Europe), an estimated 435 miles of range, 460 kW peak charging and a 10-80% charge in 22 minutes.
    ZEEKR 9X ARRIVES IN EUROPE
    Zeekr has launched the 9X Ultra 6-Seater in Europe as a luxury SUV and its first Super Hybrid, pairing a 900V dual-motor system with a 2.0-litre turbo engine used purely as a generator for 897 horsepower, 0-100 km/h in 4.1 seconds, up to 737 km of range and a 10-80% DC charge in 9.5 minutes. Designed in Gothenburg with adaptive air suspension and CDC dampers, it offers reclining, massaging first and second rows, an onboard refrigerator, a ceiling-mounted 17-inch 3K OLED screen and a 32-speaker Naim system, and marks Zeekr's fifth European model in three years across 16 markets.
    SK ON AND FACTORIAL TARGET SOLID-STATE SCALE
    SK On and Factorial Energy have partnered to push solid-state batteries towards production, combining Factorial's FEST cell technology with SK On's manufacturing network to tackle the scaling problem that has held back a chemistry promising higher energy density, longer range and faster charging than lithium-ion. Factorial is already testing cells in North America and has integrated them into Stellantis' Dodge Charger Daytona prototype, claiming 375 Wh/kg energy density, while its work with Mercedes-Benz produced a modified EQS that covered over 745 miles on a single charge.
    TESLA SHIP LOAD SETS SHANGHAI RECORD
    The Chinese-built car carrier Glovis Nova loaded 7,738 electric vehicles — all Tesla Model 3 and Model Y cars — at Shanghai's South Port Terminal on Sunday, a domestic record for a single voyage, and set sail for Zeebrugge, Belgium, for distribution across Europe. The 10,800-car vessel and its sister ship Glovis Leader, which berthed the same day before heading to Busan, were built by Guangzhou Shipyard International, a China State Shipbuilding Corporation subsidiary, and rank among the largest of their kind in the world.
    NORWAY LEADS GLOBAL EV ADOPTION INDEX
    Norway tops the latest Global EV Adoption Index with 73.2 out of 100, ahead of Denmark on 64.7 and China on 64.5, backed by a 92% EV sales share in 2024, 32 public chargers per 1,000 battery vehicles and 41.9% fast-charger coverage. Denmark climbed 40 percentage points since 2020 to a 56% sales share with 73 chargers per 1,000 EVs, China recorded a 48% share and 103 chargers per 1,000 vehicles, and Tesla led brand interest across 75 countries with 71.6 million Google queries in the past year.
    MITSUBISHI RETURNS TO NORTH AMERICA WITH LEAF EV
    Mitsubishi will re-enter the North American EV market with the 2027 Eclipse Sportback EV, on sale in the US and Canada by late summer or early fall of 2026 through around 300 dealerships. Billed as all-new, it is in fact based on the next-generation Nissan Leaf via the Renault-Nissan-Mitsubishi Alliance, sharing its 75 kWh liquid-cooled battery, native NACS port, Supercharger access and 150 kW charging (10-80% in about 35 minutes) beneath new fascias, lighting and alloys, with range and pricing still undisclosed.
    LEPAS L8 TARGETS EUROPE ON VALUE
    Chery has launched the Lepas L8, a D-segment family SUV priced from £34,900 to £37,900, using the upmarket Lepas brand to challenge BMW and Volkswagen on space, equipment and price alongside stablemates such as the Jaecoo 7, Omoda 7 and Chery Tiggo 8. Power comes from Chery's Super Hybrid system combining a 1.5-litre four-cylinder petrol engine with an electric motor and 18.4 kWh battery, while the cabin offers an upmarket feel, generous tech, vast rear legroom and headroom despite the panoramic roof, and a 507-litre boot comparable to a Nissan Qashqai's.
    KERBSIDE CHARGING SEARCHES JUMP AS EV COST SCRUTINY GROWS
    Vertu reports that searches for "kerbside EV charging" rose 125% over the past three months while searches for "cheapest EV tariff" climbed 173%, suggesting buyers are weighing access and running costs together before switching. The trend matters because government figures published in 2024 found 40% of UK households have no access to off-street parking, leaving a large share of the market dependent on public charging and highly sensitive to the cost of every kilowatt-hour.
    PRINCE AL WALEED RAISES LUCID STAKE
    Prince Al Waleed bin Talal's investment office bought just over 19 million Lucid shares, lifting his stake to about 5% according to an SEC filing, with the prince saying he bought when Lucid's market cap was below $2 billion following speculation — since denied by Lucid — about bankruptcy or a take-private deal. The purchase, which Lucid welcomed as an independent vote of confidence, comes as the company restructures under new CEO Silvio Napoli after cutting 18% of staff in June on top of an earlier 12% lay-off, and adds to Saudi ownership alongside the Public Investment Fund's roughly 60% stake held since the 2021 SPAC merger.
    5 min

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