🚀 EV Market Surges, Tesla Wins Big, ChargePoint Innovates - Your Thursday Charge ⚡

January 23, 2025

Electrifying updates are charging up this Thursday edition of our newsletter! Our market is accelerating towards a $537.53 billion valuation by 2033, but infrastructure challenges remain. Here's what else is sparking our attention:

Award-Winning Evolution: Tesla Model 3 Clinches Top Rated Electric Car for 2025
Battery Sourcing Strategy: Nissan's New Power Play with SK On
Security Upgrade: ChargePoint's Innovative Anti-Theft Charging Solutions
Infrastructure Milestone: Washington State's Charging Network Doubles in Two Years
Video: Unplugged Performance on Patrol

Buckle up for the full scoop is just below!

Electrified regards,
-The Mobility EVo Team

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Top EV News Stories Powered by EV.Careers

• The U.S. electric vehicle market is set to grow from $206.76 billion in 2024 to $537.53 billion by 2033, driven by diverse EV models and technological advancements. However, uneven charging infrastructure, especially in rural areas, poses a significant challenge to widespread EV adoption.

• The extensively updated Tesla Model 3 has earned Edmunds' Top Rated Electric Car award for 2025 thanks to comprehensive improvements in range, ride quality, handling, and interior build quality while maintaining its competitive pricing.

• Nissan plans to source batteries for its US electric vehicles from SK On starting around 2028, while also considering producing compact EVs at its Kyushu plant in Japan.

• Two innovative anti-theft solutions have been unveiled by ChargePoint: a cut-resistant charging cable designed to be harder to vandalize while remaining user-friendly, and a built-in alarm system that detects tampering in real time. The cut-resistant cables will be available for licensing by mid-2025, while the alarm system will be available this month as a free software upgrade for select charging stations, offering features like SMS alerts and law enforcement notification capabilities.

• Washington state has seen its public EV charging infrastructure more than double since 2021, growing from 1,100 stations with 3,500 ports to over 2,600 stations with 7,000 ports today.

• In a sweeping executive order targeting electric vehicle policies, former President Trump directed his administration to consider eliminating EV subsidies and halting funding for charging infrastructure allocated through Biden-era legislation. The order also aims to terminate state-level authority to limit gas-powered vehicle sales, particularly targeting California's zero-emission vehicle requirements, though it stops short of explicitly directing changes to federal emissions and fuel economy regulations.

• A new sporty GS trim has been launched for Vauxhall's Vivaro line, with the electric version offering a 209-mile range, 100kW rapid charging, and premium features like eco-leather seats, a heated steering wheel, and 18-inch alloy wheels. The Vivaro Electric GS starts at £48,940 (after grant, excluding VAT) and comes equipped with a 75kWh battery and 136PS electric motor, capable of charging from 5% to 80% in just 45 minutes.

• Ford will release its fourth-quarter and full-year 2024 financial results on February 5th at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET where company executives will discuss the results and the progress of their Ford+ growth plan.

• NaaS Technology, a leading EV charging service provider in China, expanded its network to 360 cities, covering over 50% of the country. This growth, driven by increased infrastructure and partnerships with major automakers, resulted in a record-high gross margin of 57% in the latest quarter.

• A key milestone has been reached for Century Lithium's Angel Island project, which aims to help meet growing EV and battery storage demand by producing 34,000 tonnes of battery-grade lithium carbonate annually in Nevada. The company's non-binding MOU with Orica for sodium hydroxide offtake marks early commercial progress for what will be one of the few end-to-end lithium processing operations in the United States, supporting the expanding domestic electric vehicle battery supply chain.

Unplugged Performance on Patrol

*If you’re using Outlook, click “Read Online” at the top to see the video links above.

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