******Battery & market tensions: oil shocks + Asia leads amid OEM retreats, sales volatility & policy shifts******
Key Questions
How has the Iran conflict impacted EV interest?
Iran oil/gas price spikes to $113 have boosted EV searches by 28% in the UK and increased U.S. interest. High fuel prices drive shifts to EVs.
What losses have major OEMs reported?
GM reported $7.6B, Ford $19.5B, Stellantis $26B losses, with Honda's $15.7B EV write-off and Tesla missing Q1 targets. Affordability challenges persist.
How is BYD performing in EV sales?
BYD leads global sales and exports (excluding U.S.), surpassing Tesla. It dominates amid OEM retreats and market volatility.
What is Uber doing with EV incentives?
Uber expanded $4k grants for drivers switching to EVs post-federal tax credit end, plus $1.2B investments. This boosts U.S. EV adoption.
What upcoming EVs are planned for the U.S.?
Kia EV3 and Hyundai IONIQ9 are slated for U.S. in 2026, showcased at NY Auto Show. Kia EV4 offers strong value.
Why are hybrids surging?
Hybrids are gaining amid EV affordability issues, OEM losses, and sales volatility. They bridge the gap during policy shifts.
Is the U.S. retreating from EVs?
Despite OEM challenges, EV registrations hit records, with Rivian crushing deliveries and VW/Uber investments. Asia leads, but U.S. demand persists.
What replaces the 2026 federal EV tax credit?
New 2026 incentives are emerging to replace the federal tax credit, supporting affordability amid policy shifts.
Iran oil/gas $113 spikes EV interest (UK+28%/US searches up) but affordability/OEM losses (GM$7.6B/Ford$19.5B/Stellantis$26B/Honda/Tesla miss); BYD sales lead/exports no-US; Uber $4k grants post-tax end; Kia EV3/IONIQ9 US 2026/NY Show; hybrids surge.