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More than a month ago, I asked you, dear reader, how did you think that EV sales would expire at $ 7,500 federal tax credit on 30 September. Most of those who responded to the pole predicted that EV sales would fall from a rock.
Now, it’s so far to tell; We are only a few days before the end of the quarter. But the expiry tax credit gave many automakers a little for sale as consumers ran to buy EVS before the deadline.
Tesla, which has seen an increase in sales, broadcast its best quarter on just 497,099 vehicles. It is a large number of 29% leap from the second quarter, an increase of about 7% in the same period last year, and even more than it has been given in the same quarter.
Ford Motor, General MotorsAnd Hyundai Apart from this, the record quarterly sale of EVS was reported. Rivian Saw delivery jumps up to 13,201 vehicles, respectively from 10,661 and 8,640 in the second and first quarter.
The Lump question is how to navigate the potential recession in the automakers EV sales in this post-tax credit era? The rivian has already accommodated its guidance for 2025. Others can follow.
Crucks for automkers are how to get rid of inventory because the new 2026 models come without reduced or eliminated the profit margin (and in some cases deepen the loss)?
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A small bird
Department of Energy 321 canceled clean energy projects, but was not sharing the details with Techcrunch or public. Fortunately, a small bird canceled the Trump administration, and shared a complete list of awards revealing the results.
Overall, the canceled awards were $ 7.56 billion in total, including California’s Khamiajahara, losing a grant of $ 2.2 billion, including a $ 630 million grid-motorization program that could become a template for the nation. Colorado, Illinois, Massachusetts, Minnesota, New York and Oregon dropped out of the top eight, lost between $ 300 million and $ 600 million each.
It was not until a red state pop up. In fact, most of the projects were sitting in states who voted for Kamla Harris in the last presidential election, some media outlets reported after office management and budget chief Russell Wout. Tweeted So much.
But even in blue states, some awards were stuck, possibly due to political relations with the Trump administration or alignment interests. However, the DOE move shows that the government can be a less reliable partner for businesses, especially small startups.
Got a tip for us? Email Korson on Corosk kirsten.korosec@techcrunch.com Or email my signal on kkorosec.07, or scene o’cane sean.okane@techcrunch.com,
Deal!
Toyota When someone thinks of startup, it may not be the first company. But perhaps it should be.
The Japanese automaker is focusing $ 1.5 billion in new capital, and to focus on the life cycle of startups – from the first seed of an infection through its development phase and eventually for mature companies.
Toyota has formed a strategic investment subsidiary Toyota invented partner cumWith approximately $ 670 million in capital, while its development-step enterprise hand Knitted capital Launched the second $ 800 million funds.
I spoke to the Woven Capital General Partner George Kelman, about Toyota’s capital commitment and its investment strategy. He described the Toyota invention partners as a type of book for other investment organizations of the company. See why my article to know.
Other deals that attract my attention …
Memorization ThunderSwedish startup is known for its unusual looking electric and autonomous pods? The company is still plugging and has now raised $ 100 million from many new and current investors, including its biggest shareholder, EQT Ventures. Rise included an unknown strategic investment from quantum computing company ion. It is worth noting that while $ 100 million is very high coin, it is less than $ 500 million in equity and debt raised a few years ago.
ElectrophloA startup developing an inexpensive LFP battery raised $ 10 million in a seed round led by Union Square Ventures and Vyzer and participated with fifty years and Harpoon Ventures.
FlyThe San Francisco-based AI-Far-Dilship Startup raised a $ 4.5 million seed round under the leadership of Liz Vessel in the first round capital. YC, RedW Capital, Joe Liquid 2 Ventures of Montana, and Innovation Endeavors also attended.
This highly unusual deal under Trump administration is becoming more common. Department of Energy 5% equity stake in Canadian company Lithium america And its 5% stake in Nevada mining joint venture General Motors $ 2.26 billion as part of the Renaissance of federal loan. It follows to take equity bets in the federal government Intel And MP content,
UK Government will guarantee a commercial bank loan of £ 1.5 billion ($ 2 billion) for Carmeging Giants Jaguar Land Rover After a hack, the company forced to shut down its production lines and abandoned downstream suppliers at the risk of bankruptcy.
Initial stage deep technology fund Wave ceremony undertaking Closed its first fund of $ 15.1 million. Senior reporter Sean O’akene profiles his founder Jamie gum And his way from aerospace engineer to VC.
Remarkable read and other tidbits
Two Heroic The prime air delivery drone toalson, Arizona collided with the jump of a crane near its same site-a commercial place of the company. Federal agencies are investigating, and after a temporary stagnation, Amazon has resumed the service.
Doordash An autonomous delivery has spent years to work on a robot that can navigate roads, bike lanes and pavements. Senior AI Reporter Max Zaf spent time with “dot” and Unew RegiA former executive in Amazon -owned AV company Zox, who now leads the Dordash’s autonomy division.
Faraday Future Still exists and we know this because one of the electrical SUVs of the troubled EV startup caught fire at its Los Angeles headquarters, causing an explosion that blew the part of a wall.
The rift of Trump administration in Chicago is affecting the Gig economy, the founder of the e-bike subscription startup Whizz Techcrunch explains.
Vemo A regulator won in New York City and received an extension for its test permits.
WestjetThe second largest airline in Canada said that personal information of 1.2 million passengers was stolen in cyber attacks and data breeches.
Zox Washington will start mapping of DC roads, as it ramps to start testing its self-driving vehicles in the nation’s capital this year.
One more thing…
Techcrunch disintegration 2025It is just a few weeks away. I hope you come and say hi! And yes, there are some notable transport people who will be on our platform, including also Vemo Co-Chief Executive Officer Tecedra mawakana, Wabi Founder & CEO Rakil Urtsun, Wave Co-founder and CEO Alex kendallAnd Slate CEO Chris Burman,
In the leading weeks for the incident, we show some of the 200 companies startup Battalfield, which includes SwanA startup working on low energy-focus, on-device processing that already attracts Intel’s choice.
