Genesis, the luxury automotive brand, has confirmed a notable postponement in the launch of its anticipated next-generation Electrified G80 sedan. This move signifies a shift in the company's immediate electrification strategy, as it opts to maintain its current lineup of gasoline and hybrid G80 variants for several more years. Concurrently, Genesis is pivoting its focus towards the premium electric SUV market, with the introduction of the lavish GV90 model on the horizon.
In a strategic repositioning of its electrified vehicle roadmap, Genesis has formally announced a significant delay for its next-generation Electrified G80, now anticipated to arrive no earlier than 2029. This decision, revealed after the quiet discontinuation of the 2024 Electrified G80 in the US market, underscores Genesis's commitment to adapting to evolving consumer preferences and market dynamics. The luxury automaker will continue to produce and sell its conventional gasoline and hybrid G80 models until the end of the current decade, ensuring a consistent offering for its clientele.
This delay allows Genesis to redirect resources towards the development and launch of its forthcoming flagship electric SUV, the GV90. Based on the stunning Neolun concept unveiled at the New York Auto Show, the GV90 is poised to redefine ultra-luxury in the electric SUV segment, featuring innovations like coach doors and adaptive air suspension. With its expected debut as early as the end of the year and a full launch in mid-2026, the GV90 is set to become a cornerstone of Genesis's luxury electric portfolio.
While the Electrified G80 was Genesis's slowest-selling vehicle, prompting its withdrawal from the US market, the brand remains committed to offering a diverse range of powertrains. This includes the existing all-electric GV60 and Electrified GV70 in the US, with plans to potentially introduce extended-range electric vehicles (EREVs) in the future. For international markets, such as Europe, the 2025 Electrified G80 remains available, highlighting Genesis's tailored approach to global market demands.
This strategic realignment by Genesis illustrates the intricate balance automakers must strike between innovation, market demand, and production realities. By focusing on the high-demand SUV segment with the GV90 and refining its Electrified G80 timeline, Genesis is positioning itself for sustained growth in the competitive luxury EV landscape. It emphasizes that flexibility and responsiveness to consumer needs are paramount in navigating the rapid evolution of the automotive industry.
The United States electric vehicle market reached new heights in August, with sales figures breaking previous records. This significant growth is reshaping the landscape of the automotive industry, as traditional car manufacturers and EV pioneers alike navigate an evolving consumer demand and increasing competition.
Amidst this rapid expansion, key players like Tesla are facing new challenges, with shifts in market dominance and strategic adjustments becoming increasingly vital. The industry's trajectory suggests a dynamic period ahead, influenced by technological innovation, policy changes, and consumer preferences, all contributing to the accelerated adoption of electric mobility.
August 2025 marked an extraordinary month for electric vehicle sales in the US, with a record-setting 146,332 units delivered. This performance boosted the EV segment's share to an unprecedented 9.9% of the overall new car market, surpassing July's 9.1%. This impressive surge is largely influenced by the approaching deadline for federal EV tax credits on September 30, 2025, creating a sense of urgency among buyers. Industry analysts anticipate that the third quarter of 2025 could emerge as the strongest quarter for EV sales in US history, potentially outperforming the previous record set in Q4 2024, which saw 365,824 EVs sold. The average transaction price for an EV experienced a slight increase to $57,245 in August, up 3.1% from July, yet remained relatively stable year-over-year. Generous incentives, averaging over $9,000 per vehicle, equivalent to 16% of the average transaction price, continue to play a crucial role, more than double the incentive rate seen in the broader automotive market.
The robust growth in EV sales in August indicates a pivotal moment for the electric vehicle industry in the United States. The nearing end of federal tax credits has evidently stimulated consumer demand, contributing to a significant boost in sales volume and market share. This period of accelerated adoption highlights a broader shift in consumer preferences towards more sustainable transportation options. While the average cost of EVs saw a modest rise, the availability of substantial incentives has helped maintain affordability, encouraging more buyers to make the switch. The market's current momentum, driven by both policy incentives and evolving product offerings, sets the stage for a potentially transformative quarter, signaling a strong and sustained trajectory for electric vehicles in the US automotive landscape.
Despite maintaining its position as the leading electric vehicle seller in the US, Tesla is navigating a period of increased competitive pressure. In August, Tesla's average transaction price saw a 2.9% increase to $54,468, though this still represented a 5.5% decrease compared to the previous year. More significantly, the company experienced a 6.7% drop in sales year-over-year, leading to a decline in its share of the US EV market to 38%, which is its lowest recorded point. This shift is attributed to a rapidly diversifying market where new electric models from various manufacturers are providing consumers with an unprecedented array of choices. The influx of fresh products and innovative designs from mainstream competitors is compelling Tesla to adapt its strategies. The current expansion in EV sales is not solely driven by established players but also by continuous product innovation, proactive dealership efforts, and the impending phase-out of the IRA tax credit, creating a dynamic and competitive environment for all participants.
Tesla's recent performance in the US EV market underscores the dynamic and intensely competitive nature of the electric vehicle industry. While it has long been the dominant force, the emergence of numerous new electric models from a wide range of manufacturers is steadily eroding its market share. This growing diversity offers consumers more options than ever before, challenging Tesla's long-held supremacy. The company's sales decline and shrinking market share reflect a broader industry trend where innovation and consumer choice are becoming key drivers. As the market continues to mature, and with the expiration of significant tax credits looming, all EV manufacturers, including Tesla, are under pressure to continually innovate, enhance their offerings, and refine their market strategies to maintain relevance and drive sales in an increasingly crowded and competitive landscape.
In a city where high-performance sports cars are commonplace, the sight of a Tesla Cybertruck brought Milan's bustling avenues to a standstill. A TikTok video, featuring international model Minju Jo, initially suggests the model is the center of attention. However, it quickly becomes clear that the futuristic Tesla pickup, with its bold, unconventional appearance, is the true magnet for bewildered glances, standing out dramatically amidst the sophisticated European urban environment.
The Tesla Cybertruck's sharp lines and robust stainless-steel body present a significant visual departure from the elegant, compact designs typically favored in Europe. This design dichotomy creates a dramatic effect, transforming the vehicle into a spectacle. While North America is accustomed to Tesla's innovative vehicle presentations, Europe views such an overt display as extraordinary. The Milan clip accentuates this cultural and aesthetic divergence, illustrating how established design standards and urban settings influence perceptions of automotive artistry.
A crucial question arises from the Cybertruck's appearance in Europe: is it even permissible on public roads? Tesla has not officially homologated the Cybertruck for the European market, having confirmed its availability only in the U.S., Canada, and Mexico. European authorities have expressed concerns regarding pedestrian safety due to the vehicle's sharp edges and rigid exterior. Furthermore, technical discrepancies, such as red taillights instead of the required amber turn signals, have complicated registration efforts, even for private imports. The United Kingdom has outright banned the Cybertruck for failing to meet safety standards, with instances of modified units being seized by police.
While importing a Cybertruck into Europe is technically feasible, making it street-legal is an arduous and expensive process. Some modified units have successfully passed individual vehicle approvals in countries like the Czech Republic, likely due to added rubber bumpers. However, the vehicle's substantial weight, ranging from 3,000 to 4,000 kg (6,600 to 8,800 pounds), often exceeds the standard B-license weight limit in both the EU and UK, necessitating a heavier vehicle license (Category C1) for most drivers. Therefore, legalizing a Cybertruck in Europe requires significant modifications and navigating complex regulatory bypasses.
Despite the Cybertruck's regulatory challenges in Europe, Tesla's more conventional models, such as the Model 3 and Model Y, have achieved considerable success due to their compliance with regulations, sleek design, and robust charging infrastructure. The Cybertruck, though unlikely to become a mainstream European vehicle, serves as a powerful marketing tool. Its viral presence, as seen in Milan, reinforces Tesla's image as an innovator and conversation starter. In a market that values subtlety and environmental consciousness, the Cybertruck stands out as a bold outlier, maintaining Tesla's visibility even in regions where it may never officially operate.
Whether it ever achieves full street legality in Europe, the Cybertruck has undeniably left its mark in Milan, transforming onlookers into unwitting participants in a viral phenomenon. In a city celebrated for its fashion and design, it was not luxurious haute couture or celebrity allure that captured public imagination, but rather the stark, angular steel of the Cybertruck—a striking emblem of electric automotive futurism.