Porsche is reportedly preparing to end Taycan production by 2030, another retreat from its aggressive EV strategy. Taycan sales plunged from 40,629 in 2023 to 16,339 in 2025 as luxury EV demand weakened. #Porsche#EV#ElectricVehicles#Autos
Global EV sales rebounded 35% in Q2 as higher oil and fuel prices following the Middle East crisis pushed more drivers toward electric vehicles, according to the IEA. The agency now expects EVs to account for 29% of global car sales in 2026. #EV#ElectricVehicles#Energy#IEA
BMW is set to cut 8,000 jobs globally as it restructures to counter slowing demand and intensifying competition from Chinese EV makers. The automaker's shares are down 36% this year, with analysts calling its recent outlook downgrade a wake-up call. #BMW#EV#Automotive#China
China's collapsing used EV prices may be hiding a bigger story. While vehicles depreciate rapidly, their batteries can retain 70-80% of capacity, creating long-term value through grid storage, renewable integration, and recycling. #EV#Batteries#EnergyStorage
#AxleEnergy, a British #energy flexibility platform that turns #EV chargers, batteries and heat pumps into grid-balancing capacity, has raised €21 million in #SeriesA to expand globally 🇬🇧🔋
