Author: john@provenroi.com

Chevrolet, a subsidiary of General Motors, has been on a roll with its electric vehicle (EV) sales in the United States. In the first five months of this year, Chevrolet managed to outperform Ford in the EV market, becoming the second-best-selling EV brand in the country, just behind the reigning champion, Tesla. With over 37,000 EVs sold in the U.S., Chevrolet has been making significant strides in the EV segment. General Motors, Chevy’s parent company, sold a total of 62,000 EVs during the same period, thanks to its diverse portfolio of 13 different EV models. The Chevrolet Equinox EV emerged…

Tesla is making a bold move to incentivize Cybertruck purchases by offering 0% APR financing for 60 months when customers opt for the Full Self-Driving (Supervised) package. This offer, announced by Tesla’s @cybertruck account, is available for all trims of the Cybertruck but comes with a deadline for delivery by June 30, 2025, and is exclusive to customers in the United States. The Full Self-Driving (Supervised) option, priced at $8,000 USD, equips the Cybertruck with advanced driver-assist features such as Navigate on Autopilot, automatic lane changes, and traffic light recognition. Tesla promises that with this package, the vehicle can navigate…

The automotive industry is facing a significant shift as automakers adjust their strategies in response to changing market conditions. The transition to electric vehicles (EVs) is proving to be slower than anticipated, leading many companies to refocus on hybrid vehicles instead. According to analysts at Bank of America, carmakers are planning to launch 58 hybrids in the U.S. over the next few years, signaling a renewed emphasis on partially electrified vehicles. In a recent report titled “Car Wars,” Bank of America highlighted the challenges facing automakers as they navigate a volatile landscape. Tariffs, shifting federal priorities, and a slowdown in…

Tesla Model Y Reclaims Best-Selling SUV Title in China Tesla’s Model Y has once again claimed the title as the best-selling SUV in China, according to newly released insurance registration data for May 2025. With 24,770 units sold, the all-electric mid-size SUV edged out its competitors to take the top spot. This achievement is a testament to the growing popularity of electric vehicles in China, as more and more consumers are opting for cleaner and more sustainable transportation options. The Model Y’s success in the Chinese market highlights the strong demand for Tesla vehicles and the company’s commitment to innovation…

Cathie Wood, the founder of Ark Invest, recently revealed that Tesla is her top stock pick during a podcast with Steven Bartlett on “The Diary Of A CEO.” Wood emphasized Tesla’s innovative edge, pointing to its convergence of robotics, energy storage, and artificial intelligence (AI). Wood highlighted Tesla’s potential beyond its current offerings, particularly with its Optimus robots. She mentioned, “It is a convergence among three of our major platforms. So, robots, energy storage, AI.” Wood also alluded to the future potential of humanoid robots, stating that Ark Invest’s $2,600 price target for Tesla does not account for this additional…

The maritime imports of new cars to the United States have seen a significant decline over the past year. In May alone, only about 3,600 cars were imported to the States, marking a steep drop of more than 72% compared to the previous year. This sharp decrease in imports can be attributed to automakers holding off on importing vehicles, possibly in an attempt to avoid paying potential tariffs imposed by President Donald Trump. President Trump’s “bipolar tariff regime” has had a notable impact on the automotive industry. Many automakers have pledged to keep prices stable for as long as possible…

Cathie Wood, the founder of Ark Invest, recently revealed that Tesla is her top stock pick. In a podcast with Steven Bartlett titled “The Diary Of A CEO,” Wood emphasized Tesla’s innovative edge, highlighting its convergence of robotics, energy storage, and AI. Wood pointed out that Tesla’s incorporation of robots, energy storage, and AI presents a significant opportunity for the company. She specifically mentioned Tesla’s Optimus robots and their potential impact on the company’s future growth. Ark Invest issued a $2,600 price target for Tesla in June 2024, a projection that Wood reiterated in a recent Bloomberg interview. She believes…

Regulatory credits have been a hot topic in the world of Tesla for quite some time now. These credits are essentially a way for car companies to meet electric-vehicle quotas imposed by governments around the world in order to achieve zero-emission goals. If a car company does not meet these quotas, they could face financial penalties. However, they also have the option to buy credits from a manufacturer that produces more EVs than they do. Tesla has been a major beneficiary of this system for many years, bringing in billions of dollars annually and offsetting declining profits as vehicle sales…

Range Rover is set to revolutionize the Velar for its upcoming generation, which is anticipated to be unveiled next spring. This transformation involves a shift from traditional combustion power to electric propulsion, as well as a change in body style from an SUV to a sleek fastback design. The aim is to compete with vehicles like the Porsche Macan EV and Taycan Cross Turismo in the market. According to reports from Autocar, the new electric Velar will draw inspiration from the canceled “Road Rover” project, focusing on a more road-oriented driving experience. Despite its SUV roots, the new Velar EV…

Voltpost, a startup based in New York, has successfully launched Michigan’s first lamppost charger for electric vehicles. This innovative solution involves retrofitting existing street light poles with modular EV chargers, eliminating the need for costly infrastructure upgrades or bulky hardware. The first publicly available lamppost charger in Michigan can be found at the American Center for Mobility’s campus in Ypsilanti Township. This marks a significant milestone for Voltpost, as it paves the way for more installations in strategic locations across Detroit later this year. The company also recently unveiled its first lamppost charger in Oak Park, Illinois. Voltpost’s CEO and…