Global battery electric vehicle (BEV) sales rose 13% annually in 2024 to reach 10.4 million, accounting for 14% of new personal vehicle sales worldwide, according to the International Energy Agency (IEA). As many regions leverage state support to accelerate the adoption of electric vehicles (EVs) and reduce dependence on fossil fuels, oil and gas companies are facing growing pressure to diversify into EV-related energy solutions, including charging infrastructure and battery technologies, says GlobalData, ...

In this article, we will discuss: 10 Best EV Stocks to Buy Heading into 2026.Bloomberg’s story on December 16, 2025, stated that after several years of fast expansion, the rise of electric vehicles has slowed globally, impacting employment, industry planning, and climate targets. Adoption of EVs is essential to achieving net-zero emissions since road transportation contributes about one-fifth of the world’s carbon dioxide emissions. Following years of industrial retooling and subsidies, momentum waned as go ...

Core Insights - Mazda reported an operating loss of 53.9 billion yen ($351 million) for the first half of the fiscal year ending March 2026 due to delays in negotiating improved import tariffs between the Japanese and U.S. governments [1] - The company maintains its full-year forecast with an expected operating loss of 7.8 billion yen, a slight decrease of 2% compared to the previous year [2] - Mazda's President and CEO highlighted the varied pace of electric vehicle adoption and the company's flexible approach to market changes [3] Financial Performance - The U.S. tariff expenses, with rates of 27.5% and 15% on exports from Japan and 25% on exports from Mexico, impacted profits by 97.1 billion yen [3] - A decision to reduce vehicle wholesale volumes by 8% to 555,000 units in the first half helped limit the loss to 54.9 billion yen [4] - Global sales for the full year 2026 are projected at 1.3 million units, with net sales revenues of 4.9 trillion yen [4] Future Outlook - Mazda plans to maximize the use of the Mazda Toyota Manufacturing facility in Alabama, focusing on increasing sales of the CX-50, including its hybrid model [5]

Core Viewpoint - General Motors is laying off approximately 1,200 workers at its electric vehicle plant in Detroit and 550 at a battery facility in Ohio due to slower electric vehicle adoption [1] Group 1: Job Cuts - The layoffs will affect an EV plant in Detroit and a battery plant in Ohio [1]

Core Insights - Uber is launching a $4,000 incentive for drivers to switch to electric vehicles (EVs) as part of its goal to achieve a fully-electric fleet [1][3] - The incentive can be used for purchasing new or used EVs in states like New York, California, Colorado, and Massachusetts, and is expected to significantly reduce the cost of EVs for drivers [1][3] - Uber currently has 200,000 EV drivers globally and is rebranding its "Uber Green" service to "Uber Electric," reflecting its progress in electrifying its platform [3][4] Incentives and Support - The new $4,000 incentive, combined with state EV discounts, aims to alleviate the financial burden of purchasing EVs for drivers [3] - To celebrate the rebranding, Uber is offering a 20% discount on riders' next electric trip over the next week [4] - The company is committed to removing barriers to EV adoption and improving access to charging infrastructure in collaboration with cities [4] Future Goals - Uber aims to provide 100% electric-vehicle rides by 2030 in the US, Canada, and Europe, with a global target of only offering EV rides by 2040 [4][10] - The company had previously stated in 2020 that it would not pay drivers to turn in their gas-powered vehicles [5] Driver Considerations - Uber drivers, who are independent contractors, often face challenges in affording the higher upfront costs of electric vehicles compared to gas-powered or hybrid options, despite lower maintenance and fuel costs [6] - Uber is expanding its battery-aware matching feature to include more vehicle brands, helping drivers manage their trips based on battery levels [8][9]

Core Insights - Uber Technologies has updated its Uber Green service to exclusively offer fully electric vehicles, aiming to enhance its sustainability efforts [2] - The company has introduced new incentive programs for drivers to promote the adoption of electric vehicles (EVs) [2] Summary by Categories Company Initiatives - Uber Green is an initiative that allows riders to select rides in fully electric vehicles, reflecting the company's commitment to sustainability [2] - The introduction of new incentive programs for drivers is designed to accelerate the transition to electric vehicles within the Uber platform [2] Industry Trends - The move towards fully electric vehicles aligns with broader industry trends focusing on sustainability and reducing carbon emissions in the transportation sector [2]

Core Insights - PG&E Corporation (PCG) is set to report its third-quarter 2025 results on October 23, with expectations of higher earnings and revenue growth compared to the previous year [1][9] Factors Impacting Q3 Results - Below-normal temperature patterns during the third quarter likely reduced electricity demand for cooling, although a heat wave in late August and early September may have increased demand [2] - Anticipated growth in electric load from electric vehicle adoption, data centers, and building electrification is expected to support PG&E's long-term business expansion [2] - PG&E's partnership with Energy Vault to operate the Calistoga Resiliency Center aims to reduce Public Safety Power Shutoffs amid rising wildfire risks, serving around 1,600 customers [3] - The launch of an advanced vehicle-to-grid electric school bus fleet in collaboration with the Fremont Unified School District and The Mobility House signifies progress in clean transportation and grid resilience [4] - PG&E reduced residential electric rates by 2.1% and gas rates by 0.4%, making energy more affordable and potentially attracting new customers [5] Financial Expectations - The Zacks Consensus Estimate for sales is $6.62 billion, indicating a year-over-year growth of 11.4% [6] - The consensus estimate for earnings is 46 cents, reflecting a year-over-year rise of 24.3% [6] Earnings Prediction - PG&E's Earnings ESP is +1.45%, suggesting a strong likelihood of an earnings beat [7] - The company currently holds a Zacks Rank of 2 (Buy), further increasing the odds of a positive earnings surprise [8]

Core Insights - The U.S. auto industry faces increased uncertainty regarding its electric vehicle (EV) future due to challenges such as cost concerns, sluggish adoption, and policy reversals [1][2] Group 1: Company Actions - General Motors (GM) CEO Mary Barra committed to zero emissions by 2030, eliminating gas and diesel vehicles [1] - GM announced a $1.6 billion loss to scale back its EV operations, attributing this to weaker expected demand influenced by recent U.S. policy changes [2] - GM has paused the second phase of its Ultium CAM project for producing cathode active materials for EV batteries, citing evolving market dynamics [4] Group 2: Industry Trends - The expiration of the federal EV tax credit on September 30 has contributed to a slowdown in EV sales, which surged by 40% in Q3 due to a rush before the subsidy ended [5][6] - The second quarter of 2023 saw a decline in new EV sales by 6.3% year on year, indicating a curbed growth trajectory for the EV market [6] Group 3: Partnerships and Supply Chain - The planned expansion of a battery facility in Bécancour, Quebec, is on hold, with the first phase of the Ultium CAM project set to open in 2026 [3] - Brazilian mining giant Vale SA has scrapped plans for a nickel sulfate plant that would have supported the second phase of the Ultium CAM project due to GM's decision [5]

Core Insights - The expiration of a $7,500 tax credit for electric vehicle (EV) buyers is expected to significantly impact U.S. EV sales, with executives predicting a sharp decline in sales [1][2][5] - Ford's CEO anticipates that EV sales may drop to 5% of total U.S. vehicle sales next month, which would be a substantial decrease from August's record levels [2] - Nissan's chairman warns of a potential collapse in the EV market in October due to increased competition and a surplus of unsold EVs [3] Industry Overview - The U.S. EV market has been lagging behind other major markets, with China achieving over 40% sales penetration for electrics and plug-in hybrids, while Europe is around 20% [6] - Despite the tax credit, EV sales growth in the U.S. had already slowed in the past two years, with only a 1.5% increase in the first half of the year compared to the previous year [7] Legislative Context - The $7,500 tax credit was initially approved in 2008 and extended by the 2022 Inflation Reduction Act, which also imposed eligibility criteria based on domestic production [4] - The expiration of the tax credit was set by a tax-cut and spending bill signed into law by former President Donald Trump, which may further hinder EV adoption [5]

Core Insights - The electric vehicle (EV) market is experiencing significant growth, with over 400 electric model trims available, catering to diverse lifestyles [2] - National Drive Electric Month events are designed to promote EV adoption through test drives and educational experiences [1][3] - Federal tax credits for new, used, and commercial EVs are available until September 30, incentivizing potential buyers to act quickly [2][3] Industry Events - National Drive Electric Month features events across the United States, including locations in Hawaii and Alaska, with participation from various sponsors [4] - Notable sponsors include Nissan, which is launching the 2026 Nissan LEAF®, and other organizations supporting EV adoption [4] - Events include educational talks, test drives, and opportunities to interact with current EV owners, enhancing community engagement [6] Organizational Background - Plug In America is a leading nonprofit organization focused on promoting the use of plug-in electric vehicles through education and advocacy [5] - The organization has been active since 2008 and runs various programs, including National Drive Electric Month, to inform consumers and dealerships about EVs [5]