The Latest Breaking News from SP Global Mobility

The rental giant's 2021 EV gamble resulted in a lousy payoff for Hertz.

Broadly speaking, electric vehicles are throwing loyalty out the window and helping brands steal buyers from competitors in unexpected ways. That's something we've known to be true for years, and it's something car companies brag about constantly. For automakers, "conquests" are a big deal. 

Forget the EV tax credit. Rivian founder and CEO R.J. Scaringe is far more concerned about another threat from President Donald Trump: tariffs. 

Explore the projected rise in global sales of battery electric vehicles by 30% in 2025, amid uncertainty from potential policy changes and tariffs.

While you were cheering the ball drop on New Year's Eve, investors were cheering on the EV industry, making them gobs of cash in 2025. Sales are expected to jump by double-digits this year—analysts at SP Global Mobility expect global BEV sales to jump 30% year-over-year, which accounts for around 15.1…

Electric vehicles will be just fine in 2025, according to the respected auto industry analysts at SP Global Mobility. Despite some carmakers scaling back their EV goals and the uncertainties related to the $7,500 federal tax credit in the United States, EV sales are expected to grow considerably next year.

It's a hypocrisy of epic proportions. A company led by a CEO who vehemently opposes federal incentives is now leveraging them aggressively as 2024 draws to a close. Tesla CEO Elon Musk supports ending the consumer EV credits, arguing they would ultimately benefit his company and hurt competitors—but as the year…

The agency warns that foreign and domestic automakers are in for a shock come January 20.

Tesla prepares for its Oct. 10 event, which could possibly shake up the robotaxi world. For now, Waymo dominates.