So Far In EV Market: Top News & Stories

Fires, Referrals, Taxes & Charging Know-How...

Hi there!

We’re halfway through the week, and we’ve got the latest EV news to keep you in the loop. Check out the newest innovations, updates, and tips to keep your electric ride smooth and exciting.

Enjoy the ride!

Today’s top stories

  • Rivian Factory Fire Destroys Cars

  • Tesla Relaunches Referral Program

  • BYD Becomes 7th Largest Automaker

  • Canada Taxes Chinese EVs Heavily

  • Guide to DC Chargers for EVs

Reading Time: 4 minutes

On August 25, 2024, a fire at Rivian’s Normal, Illinois, factory damaged around 15% of the production area. The blaze halted production, affecting approximately 500 EVs currently in the backlog. The incident involved over 30 firefighters and caused a 24-hour production delay. No injuries were reported, and Rivian is investigating the cause and impact on their production schedule.

BYD sped past Honda and Nissan, claiming the title of the 7th largest automaker worldwide. With a 25% boost in EV deliveries, BYD is now leading the pack, proving that in the race for automotive supremacy, they’re not just in the driver’s seat—they’re ahead of the curve.

Tesla’s latest referral program is electrifying the scene with a $1,000 reward for each friend you bring on board. You can cash in by inviting friends to join the Tesla family, making it a win-win for both you and your network. Drive your earnings up and help others experience the future of driving!

As of the end of July 2024, only in New Zealand, there are around 76,300 fully electric light vehicles (plus around 32,900 plug-in hybrids).

Source: EVDB

⚡️ Hot off the Charging Port

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Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US. Menwhile people:

Dreaming of lightning-fast charging but unsure if a DC charger is your perfect match? Before you make the leap, let’s break down what you need to consider:

  • Need ultra-fast charging? DC chargers deliver, but do you need that speed?

  • Is your EV compatible with DC chargers? Ensure a good match.

  • Ready for installation costs? DC chargers often need pro setup.

  • Know where to find them? Check if DC chargers are nearby.

If you’re all set, dive into our guide to DC chargers and make a smart choice for your EV! 🚗

🔋You’re now charged up!

We’re excited to keep you plugged into the latest in EV innovation. Until next time, stay powered up and ready for the road ahead!