Major automotive brands like Tesla, BMW, Volkswagen, Renault and Toyota, are expected to launch V2G equipped models in the coming future.

Tesla is currently surrounded by major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy.

In Europe, low development of passenger car demand combined with weakened subsidies reduces electric car spread.

A fresh, recently established Mercedes plant in Alabama is scheduled to be the next one to hold a UAW election.

BYD is also poised to introduce its small electric mini Seagull to the UK as an arch-rival to the Dacia Spring.

Tesla has been adopting the price reduction strategy in order to woo customers amid slowing EV demand and its ageing model lineup.

The EPA rules aim to cut fleetwide tailpipe emissions for cars and light trucks by nearly 50% through 2026 levels in 2032.

“Sales of Chinese smartphone maker Xiaomi’s first electric car have been 3-5 times higher than expected”, said CEO Lei Jun.

The layoffs follow the cancellation of Tesla’s long-promised inexpensive car, expected to cost USD 25,000, that investors have been counting on.

BYD has already delivered nearly 20,000 units of Bao 5, the first model under its premium Fangchengbao brand.