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Electric vehicle leases in the U.S. have hit record lows, with some dropping under $100 a month. Automakers are using deep discounts and federal tax credits to move inventory before incentives expire in September. EVs now lease for less on average than gas cars, fueling a surge in demand.

Tesla has updated its Model S and Model X lineup in the U.S., raising prices by $10,000 while introducing the new Luxe Package. The package includes Full Self-Driving (Supervised), lifetime free Supercharging, four years of premium service, and lifetime Premium Connectivity, making it a net gain in value for most buyers despite the price hike. The changes only apply in the U.S., not in Canada, and come as Tesla seeks to boost sluggish sales of its premium models.

The Honda Prologue EV is exceeding expectations in both new and used markets. After strong U.S. sales in 2024 and 2025, the Prologue is now leading growth in the used EV segment, with sales more than doubling in July. While Tesla remains the overall leader, Honda’s rapid rise, combined with falling EV prices and incentive-driven demand, signals a more competitive U.S. electric vehicle market ahead of the federal tax credit deadline.

U.S. EV sales surged in July, reaching the second-highest monthly total on record. Tesla led the way with sharp price cuts and expanded incentives, while industrywide discounts hit historic highs. Automakers are racing to boost sales before the $7,500 federal EV tax credit expires on October 1, creating a surge of short-term demand that could reshape the market in the coming quarter.

The 2026 Tesla Model Y and 2025 Ford Mustang Mach-E are top EV crossovers, each with unique strengths. The Model Y leads in range, charging convenience, and tech features, while the Mach-E stands out for sporty styling, driving dynamics, and Mustang heritage. Buyers must choose between Tesla’s futuristic tech or Ford’s engaging performance and classic design.

Hyundai questions how Chinese EV makers keep prices far below rivals despite similar production costs. CEO Don Romano cites possible subsidies, trade tensions, and logistics factors, warning that cost advantages may not last.

Cybertruck resale prices plunge over 30% in a year, as Tesla faces falling sales, brand decline, and Musk-related controversies.

Ford plans to launch a mid-size electric pickup in 2027 starting at around $30,000, built on its new Universal EV Platform. The truck will feature a 400-volt LFP battery, BlueCruise capability, and RAV4-level interior space, with production at the Louisville Assembly Plant. Ford’s new modular production system aims to cut costs, reduce parts, and speed assembly, making its EVs more affordable than a three-year-old Tesla Model Y.

The MG4 has become the first mass-produced EV with a semi-solid-state battery approved for sale in China. Featuring a 120 kW motor and an advanced manganese-based lithium-ion pack from Suzhou Qingtao Power Technology, the new variant will launch globally by the end of 2025, with pricing to be revealed in September.