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More than a month ago, I asked you, dear reader, how you think EV sales would just play the $ 7,500 federal tax credit on September 30.
Now, it’s too early to say it yet. We are just a few days after the end of the quarter. However, the tax credit has ended with many automakers a piece of sales, as consumers ran to buy EVS before the deadline.
Tesla, who has seen the increase in sales decline, has just recorded the best quarter of the deliveries in 497,099 vehicles. This is a huge 29% jump from the second quarter, about 7% increase in the same period last year and more than it has ever delivered in a single quarter.
Ford Motor; General engineand Hyundai They also reported a record of quarterly sales of the HS. Rivia SAW deliveries increased to 13.201 vehicles, from 10,661 and 8,640 in the second and first quarters, respectively.
The forthcoming question is how will automakers tour possible delay in EV sales at this time after taxation? Rivian has already adapted his guidance for 2025. Others may follow.
Crux for automakers is how to get rid of stock, as new 2026 models come without reducing or eliminating profit margins (and in some cases deepen losses)?
TechCrunch event
Francisco
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27-29 October 2025
A little bird
THE Section It was canceled 321 clean energy projects, but did not share the details with TechCrunch or the public. Fortunately, a small bird shared the complete list of awards that the Trump administration had canceled and the results were revealed.
Overall, the canceled awards amounted to $ 7.56 billion, with California bringing Brunt, losing $ 2.2 billion grants, including a $ 630 million-dollar-firing program. Colorado, Illinois, Massachusetts, Minnesota, New York and Oregon rounded up the top eight, losing between 300 million and $ 600 million each.
It was not so far under the list of a red situation. Indeed, the majority of the projects were placed in states that had voted for Kamala Harris in the latest presidential election, which reported many media after the Russell Vought Management and Budget Office tweeted the same.
But even in blue states, some awards are stuck, possibly due to political relations with Trump’s administration or aligned interests. Whatever the case, DOE’s move suggests that the government can be a less reliable business partner, especially small businesses.
Do you have a tip for us? Email Kirsten Korosec to kirsten.korosec@techcrunch.com or my mark on kkorosec.07, or email Sean O’Kane to sean.okane@techcrunch.com.
Offers!
Toyota It may not be the first company that goes to mind when one thinks about newly established businesses. But maybe it should be.
The Japanese car industry binds $ 1.5 billion to new capital to focus and invest in the life cycle of newly established businesses – from the first seeds of an invention through its development stage and ultimately mature companies.
Toyota created a strategic investment subsidiary called Toyota Envention Partners CO. with about $ 670 million in chapters while the arm of the development stage Woven capital A second $ 800 million fund began.
I talked to the General Party of George Kellerman’s woven capital about Toyota’s commitment and its investment strategy. He described Toyota EVENTION Associates as a Bookend of other company investment organizations. See my article to find out why.
Other agreements that received my attention …
Remember PracticeThe Swedish start -up known for unusual electric and autonomous lobes? The company is still linked and has now raised $ 100 million from several new and existing investors, including its largest shareholder, EQT Ventures. The increase included an unpaid strategic investment from the Quantum Computing Company Ionq. It is worth noting that while $ 100 million is a lot of coins, it is much lower than $ 500 million in shares and the debt it set a few years ago.
ElectrolyteA boot that develops a cheaper LFP battery, raised $ 10 million in a seed -led union Square Ventures and Voyager with fifty years and Harpoon Ventures.
FlameAn AI-For-Car-Dealership start-up to San Francisco, set a $ 4.5 million seed round, led by Liz Wessel in the first round of Capital. YC, Redblue Capital, Joe Montana’s Liquid 2 Ventures, and innovation efforts also joined.
This extremely unusual agreement is becoming more and more common in the context of Trump’s administration. THE Section got 5% share capital in Canadian company Lithium America and 5% share in Nevada’s mining consortium with the consortium of General engine As part of the renegotiation of a federal loan of $ 2.26 billion. This follows the federal government to receive equity shares in Information and MP.
The UK government will guarantee a 1.5 billion ($ 2 billion) trade bank loan for giant carmaking giant Jaguar Land Rover After a hack forced the company to close its production lines and leave suppliers downstream at risk of bankruptcy.
Deep Technology Fund Ventures of Wave Mode It closed its first $ 15.1 million fund. Senior journalist Sean O’Kane profile of his founder Jamie gull and its path from the aerospace engineer to VC.
Notable reading and other tidbits
Two Amazon The Prime Air Delivery Drones collided with the explosion of a crane near the same day of the day in Tolleson, Arizona-one commercial location of the company. Federal services are investigating and after a temporary pause, Amazon has restarted the service.
Mosquito net He has spent years of work on a stand -alone delivery robot that can navigate on roads, bicycle strips and sidewalks. Ai Max Zeff’s senior journalist spent time with “Dot” and Ashu RegeFormer Executive Director of AV Company owned by Amazon, which is now leading the Doordash Autonomy Department.
Faraday Future We even know it because one of EV Startup’s problematic electric SUVs set fire to its headquarters in Los Angeles, leading to an explosion that broke part of a wall.
The suppression of Trump administration in Chicago affects GIG’s economy, the founder of the E -Bike Subscription Starting Whistle says TechCrunch.
Diameter He scored a regulatory victory in New York and received an extension for the test permit.
BrideCanada’s second -largest airline said the personal data of 1.2 million passengers were stolen in cyberspace and data breach.
Zoox It will start mapping the streets of Washington, DC as it sews to start testing self-guiding vehicles in the capital of the nation this year.
Another thing…
TechCrunch disturbs 2025It is just a few weeks away. Hope you come and say hello! And yes, there are some remarkable transport peoples who will be on our stage, including Diameter co-director Tekedra Mawakana; Tower Founder and CEO Raquel urtasun; Very Co -founder and CEO Alex Kendalland Shale Chief executive Chris Barman.
In the weeks that led to the event, we presented some of the Battlefield 200 Startup companies, including AlthoughA start-up that works in low energy by consuming, on-device processing that has already attracted those who like Intel.
