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Mobility
Tesla Model 3 tops U.S.-made vehicle rankings for sixth straight year as EV market slams brakes
Tesla\'s Model 3 again ranked No. 1 in a U.S.-made vehicle assessment, holding the top spot for a sixth consecutive year. Model Y was second for a second year. The Cars.com American-Made Index covered 86 vehicles, down from 99 last year, and the share of electrified models fell. U.S. EV sales dropped 27 percent in the first quarter after a $7,500 federal EV tax credit ended in the third quarter.
Industry
Honda posts over $9 billion loss on EVs, drops 2040 full electrification goal
Honda has shifted to a hybrid-focused strategy after recording more than $9 billion in losses linked to its electric-vehicle business. It booked 1.45 trillion yen in EV-related losses for the fiscal year ending March 2026 and abandoned its goal of phasing out gasoline vehicles by 2040. The company plans new hybrid models and changes North American production, including repurposing an Ohio EV hub and converting some battery lines at an LG Energy Solution joint venture.
Mobility
Surging fuel prices boost global EV sales but U.S. supply constraints limit growth
Rising gasoline prices are lifting electric vehicle sales globally, but concerns are growing that the United States could fall behind because supply is not keeping pace. Europe set monthly records in March for EV and plug-in hybrid sales, with growth also continuing in Asia and Australia. Analysts cite high oil prices and ample Chinese EV supply as key drivers in parts of Asia. In the United States, demand indicators are improving, but fewer models and cancellations are constraining supply.