A $300K EV for $30K? What’s the Catch?

Plus: Charging Without Cables? Long Beach Port Is Making It Happen

Hey EV enthusiast!

Your weekend boost is here—packed with fresh EV news and smart insights.

Ready to roll? ⚡🚗

Today’s top stories

  • Voltu’s Powerful Electric Work Trucks Arrive in California

  • Nikola’s Collapse: From $30B Hype to Bankruptcy Risk

  • Mercedes-Benz Recalls EQB SUVs Over Fire Risk

  • And other updates

Reading Time: 3 minutes

Tesla just hiked Model X prices by $5,000, making it ineligible for the $7,500 EV tax credit. With the Cybertruck priced similarly, is Tesla nudging buyers toward its latest star? Elon Musk once called the Model X a "niche product"—is its future now uncertain? As Tesla shifts focus, is this a sign that the Model X is becoming obsolete?

Toyota’s first U.S. battery plant is officially up and running, marking a $14 billion push toward EV and hybrid production. With 5,000 new jobs and a focus on localizing supply chains, this move strengthens Toyota’s foothold in the electric revolution. Meanwhile, the company is expanding in China, developing a new Lexus EV and advancing carbon neutrality efforts. As Toyota ramps up its electrification strategy, is it finally ready to challenge the industry’s biggest EV players?

A $300,000 Faraday Future FF91 is now selling for just $30,000, a staggering 90% drop. Once hailed as a cutting-edge luxury EV, it struggled with delays, financial troubles, and low sales. Now, one of the rare few is up for grabs, but owning it comes with big risks. Is this the ultimate EV bargain or a cautionary tale of hype and failure?

Voltu is deploying 10 powerful Class 3 electric trucks in California, promising zero emissions and serious performance. With 350 miles of range and fast charging that eliminates the need for expensive infrastructure, these trucks aim to revolutionize fleet operations. Backed by $600,000 in grant funding, they’re part of Riverside’s push for a carbon-neutral future. Is diesel’s dominance in commercial fleets starting to fade?

Nikola, once a $30 billion EV and hydrogen trucking pioneer, is now on the brink of bankruptcy. Financial losses, layoffs, and failed promises have shattered its once-bright future. The company has sold off assets and cut jobs, but cash reserves are running dangerously low. Is this the final chapter for Nikola, or can it pull off a last-minute rescue?

Wireless EV charging is coming to the Port of Long Beach, allowing electric cargo trucks to power up without plugging in. This cutting-edge technology eliminates downtime, lowers infrastructure costs, and keeps fleets running efficiently. With installation set for 2025, the port is taking a major step toward zero-emission shipping. As wireless charging gains momentum, is this the key to electrifying heavy-duty transportation?

Mercedes-Benz is recalling over 7,300 EQB electric SUVs due to a battery defect that could cause fires while parked or driving. Owners are urged to limit charging to 80% until a fix is available. Some vehicles may display a battery malfunction warning, while others could have issues without warning signs. As EV adoption grows, how can automakers ensure battery safety keeps pace with innovation?

Luxury Meets Sustainability: The Future of Driving

The snow may have settled, but the thrill is far from over! ❄️🏁

Polestar pushed the limits on ice, delivering pure adrenaline and precision. Relive the action and witness electric performance at its finest. ⚡👇

A quick recharge, powered by nature. 🌿⚡️

Mercedes-Benz blends innovation with sustainability, proving that luxury and efficiency go hand in hand. 👇

🔋You’re now charged up!

Until Wednesday, stay charged and ready for your next drive!