The smart way to stay ahead in the automotive world
The smart way to stay ahead in the automotive world
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With Membership Comes Great Power
AUSTRALASIA –
The AutoExec Network is the smartest way to stay up to date with the rapidly evolving automotive world. Become a member today and you’ll not only unlock those powerful search filters above to fine-tune – and delve deep into – this aggregated newsfeed, you’ll unlock the insights, exclusive interviews and in-depth analyses in our AutoExec+ premium content section. Join today! |
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Tesla is heading into multi-billion-dollar iceberg of its own making
NORTH AMERICA –
Summary: Tesla faces growing backlash over unfulfilled Full Self-Driving promises. The company admitted HW3 vehicles (2019-2023) can’t support unsupervised self-driving despite selling the feature for up to USD $15,000. Tesla’s FSD expansion to Australia exposed the issue, with the company offering HW3 owners subscriptions for non-existent software while providing misleading “loyalty” discounts. Thousands have joined class action lawsuits globally, potentially costing Tesla billions in compensation or retrofits for hundreds of thousands of affected customers.
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Norway to change EV incentives now they’re 97% of the market
NORTH AMERICA –
Summary: Norway has all-but achieved its goal of 100% electric new car sales by 2025, with EVs comprising 95-97% of the market. The government now plans to phase out EV incentives, reducing tax exemptions from vehicles under $49,000 to $30,000 in 2026, then eliminating them entirely in 2027. EV advocates want a longer phase-out period to maintain adoption rates while gasoline/diesel taxes increase further.
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Duracell’s first-ever EV fast charger network will be in the UK
NORTH AMERICA –
Summary: Duracell is launching a UK EV charging network with £200 million ($266 million) investment over the next decade. The Duracell E-Charge network will feature 400 kW ultra-fast chargers with app, contactless, and plug-and-go payment options. Six sites launch in 2025, expanding to 100+ stations with 500+ charging points by 2030, located along motorways and near retail venues. The UK’s 2030 gas/diesel ban is driving the investment.
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Elon Musk’s SpaceX and xAI are buying Tesla’s unsold Cybertrucks
NORTH AMERICA –
Summary: Tesla Cybertruck is struggling commercially, selling only ~20,000 units annually despite 250,000+ production capacity—a 10% utilization rate causing major losses. To address inventory buildup, Elon Musk’s companies SpaceX and xAI are purchasing hundreds (potentially thousands) of Cybertrucks for their support fleets. The lead engineer confirmed both SpaceX and Tesla are replacing internal vehicle fleets with Cybertrucks.
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US average new car price tops $50k for the first time – here’s why
NORTH AMERICA –
Summary: US new car prices hit a record USD $50,000+ in September, driven by luxury vehicles and EVs. Electric vehicles reached 11.6% market share—also a record—averaging $58,124. Q3 EV sales jumped 30% year-over-year as buyers rushed to claim expiring incentives. Tesla’s prices dropped 6.8% annually. Analysts note $20,000 vehicles are “mostly extinct,” pushing budget buyers toward used cars.
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