EVs -- Update -- July 12, 2026

Locator: 51149EVS. 

Updates

Later, 9:15 p.m., over at x: -- EVs....that reminds me, I need to check my "energy" portfolio. 

Later, 8: 32 p.m., link here:

Original Post 

You know it's a slow day when I blog about EVs.

Two links:

• ten best -selling EVs in the US so far in 2026, link here: 

247,226 EVs were sold in the US in Q2, up 14.7% from the first quarter.

while EV sales are still recovering after the $7,500 federal tax credit expired last September, the market is stabilizing as new models roll out.

 Why the drop in Cadillac Lyriq?

•  US is falling behind, link here.

Global EV sales topped 2 million in June, but the headline numbers hide a widening split between the world’s biggest markets. 

Europe is on a tear, thanks to government incentives, high gas prices, and a growing lineup of affordable EVs. 

North America, on the other hand, has continued to lose ground since the Trump administration ended the US federal EV tax credit last September. And in China, automakers are increasingly looking overseas as domestic demand cools.

EVs "Shoring" Up Cash -- May 11, 2024

Locator: 47125EVS.

Link here. 

From the linked article:

Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in tougher market conditions. That is if they haven’t gone bankrupt already.

Chief among their talking points: cash.

Executives of Rivian Automotive, Lucid Group and Nikola Corp. this week each detailed plans to reduce costs while attempting to grow operations and make their first profits. Those efforts have ranged from job cuts and production changes to supplier rearrangements and shifting priorities.

The scramble comes as EV adoption takes hold slower than many expected and after companies spent billions in an attempt to rush vehicles to market to gain first-mover advantages in white-space segments.

Of those three automakers, Rivian is in the strongest cash position as EV adoption struggles. The company says it has enough cash to get through its big R2 launch in early 2026.

The slowdown, as well as the increased competition, has even impacted U.S. EV leader Tesla

, which is in the midst of a global restructuring that includes laying off roughly 10% of its workforce.

Wall Street analysts have referred to the current state of the electric vehicle market as an “EV winter,” an end to so-called EV Euphoria or, more optimistically, a temporary pullback that carmakers will need to overcome for long-term gains.

Lucid Earnings — 3Q23

Locator: 45982INV.   

Barron’s.

EV Meltdown — This Could Be Fascinating — November 7, 2023

Locator: 45978EVS.  

Wow, wow, wow — the EV meltdown is having long-reaching effects. Link here.

Are we seeing a tectonic change in the market? More later.