Weekly EV Roundup: Market Movements and Advancements

Tesla has made significant changes to its lineup, reducing the price of the Model Y to an impressive $37,130 for the base rear-wheel drive variant and removing the Enhanced Autopilot option In a notable addition, the Tesla Model 3 Performance was introduced, pushing the vehicle closer to luxury status with improved performance capabilities Toyota not only revealed plans for a new 3-row electric SUV potentially in the form of a Highlander EV but also committed $1.4 billion towards its Princeton, Indiana facility to support this endeavor, along with announcing an $8 billion total EV investment in Indiana and the creation of 340 jobs. Despite their slow start in the electric vehicle segment, Toyota's strategy suggests a determination to produce affordable and reliable EVs Meanwhile, Michelin is innovating with airless tires that may revolutionize the wheel industry for EVs and autonomous vehicles Mercedes-Benz has unveiled the 2025 G-Class EV, positioning itself as a powerful competitor in the luxury EV segment. Mini also introduced the urban-oriented Aceman EV Honda is establishing a significant presence in the EV market with plans to invest $11 billion into an EV and battery assembly plant in Canada Furthermore, Hyundai is exploring energy-saving window-tinting film suitable for EVs.

Lastly, Disneyland will electrify its iconic Autopia ride by 2026, aligning with the broader movement towards sustainable entertainment experiences.