EV Daily | Tesla Faces Revenue Hit from Emission Credit End, BYD Opens First All-Terrain EV Circuit

【Tesla】

Tesla is significantly impacted by the end of the US emission credit market, losing billions in revenue. Over the past year, it reported $2.5 billion from regulatory credits, a substantial part of its net income. The cessation of these credits, influenced by political contributions, is seen as a major financial blow due to predictable political actions. Meanwhile, Tesla remains a leader in used EV sales, even as its market share slightly declined. The company sold 15,903 used vehicles last month, leading the top five brands. Additionally, Tesla's upcoming FSD update is part of broader discussions in sustainable transport podcasts.

【BYD】

BYD is showcasing its innovation with a 3,000 hp electric supercar and the opening of China’s first all-terrain EV circuit in Zhengzhou. The circuit features various immersive scenarios, such as indoor sand dunes and ice fields, highlighting BYD's commitment to NEV culture. The Yangwang U8 SUV, designed for extreme conditions, is one of the vehicles tested in the new circuit facilities. The circuit aims to break traditional barriers, serving as an NEV innovation showcase.

【Others】

Lucid's Gravity SUV offers a 450-mile range and sports car-like performance, utilizing Tesla Superchargers for fast charging. Despite the expiration of the federal EV tax credit, Lucid continues offering $7,500 credit for Gravity SUV leases until the end of the year. Honda's Prologue SUV remains popular, ranking second in sales behind Tesla. Honda's used EVs are selling rapidly, with a notable increase in sales. Various brands, including Mercedes-Benz and Honda, are adjusting incentives as federal tax credits expire. The Mercedes-Benz electric G-Wagon provides lease incentives before the tax credit loophole closes. Republic Services deploys electric garbage trucks in Chicago, reducing emissions. Electrify America partners with Royal Farms to expand fast-charging stations in Maryland. Florida's State Parks introduce Velotric e-bikes for ranger patrols. Various e-bike brands offer discounts amid federal policy changes.