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Colorado approves goal to make 82% of car sales electric by 2032
Colorado has voted to approve a new standard on the adoption of electric vehicles (EVs), with an additional goal set for 2032 and new guidance for increasing EV sales beginning in 2027.
The Colorado Air Quality Control Commission adopted the Colorado Clean Cars standard on Friday, directing manufacturers to make 82 percent of all light-duty vehicles sold electric by 2032, as detailed in a press release. The state will also direct manufacturers to increase zero-emission light-duty vehicle sales starting in 2027, with goals increasing each year during the five-year period.
In the release, Colorado clarifies that it includes battery-electric, plug-in hybrid electric and fuel cell electric as what it refers to as zero-emission options. The state has also said that it’s aiming to get one million zero-emission vehicles on its roads by 2030, along with its plan to eliminate greenhouse gas pollution entirely by 2050.
“Colorado is already among the states with the highest concentration of electric vehicles, and we don’t plan on hitting the brakes any time soon,” Commission Director Michael Ogletree said.
“Coloradans want low- and zero-emissions vehicles because they help them get where they’re going while breathing cleaner air and saving money. This standard will make clean vehicles more accessible across the state and improve air quality in local communities overburdened by pollution from busy roadways.”
Notably, the release says that the standard does not prohibit the sale or use of non-electric vehicles with internal combustion engines (ICEs). They also do not apply to used vehicles or those used for things like construction or agriculture.
Instead of prohibiting gas car sales, the state says it hopes to direct consumers toward some of its grants and other programs making EVs easier to access. It lists the following state programs:
- Electric Vehicle Tax Credits, which give Colorado taxpayers up to $5,000 in tax credits for leasing or purchasing a new electric car with a manufacturer’s suggested retail price of $80,000 or less, and up to $7,500 starting in calendar year 2024 for new electric cars with a manufacturer’s suggested retail price of $35,000 or less.
- The Vehicle Exchange Colorado Program, which offers rebates to income-qualified Coloradans for recycling and replacing their old or high-emitting vehicles with electric vehicles.
- The Community Accelerated Mobility Program, which provides grants to support community-led electric mobility projects.
The state passed a bill earlier this year that requires a 50-percent drop in greenhouse gas emissions by 2030. The standard also creates further standards for emissions of volatile organic compounds and nitrogen oxides from traditional passenger vehicles, which the state says creates harmful ozone pollution at the ground level.
While the Colorado standard falls short of requiring 100 percent of new car sales to be electric by 2035, as adopted in California, Maryland and a number of other U.S. states, it does represent the latest development in the state’s efforts to boost low- and zero-emission vehicle sales.
Earlier this year, Colorado voted to approve new EV tax incentives on EVs that offer up to $5,000 off on select purchases, which can be used alongside the federal tax credit. In 2019, Colorado also joined nine other states in adopting standards to accelerate the rollout of EVs in their regions.
Tesla wants the U.S. to enact stricter fuel efficiency standards
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Elon Musk
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI, Elon Musk’s artificial intelligence startup, has purchased five additional 380 MW natural gas turbines from South Korea’s Doosan Enerbility to power its growing supercomputer clusters.
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI’s turbine deal details
News of xAI’s new turbines was shared on social media platform X, with user @SemiAnalysis_ stating that the turbines were produced by South Korea’s Doosan Enerbility. As noted in an Asian Business Daily report, Doosan Enerbility announced last October that it signed a contract to supply two 380 MW gas turbines for a major U.S. tech company. Doosan later noted in December that it secured an order for three more 380 MW gas turbines.
As per the X user, the gas turbines would power an additional 600,000+ GB200 NVL72 equivalent size cluster. This should make xAI’s facilities among the largest in the world. In a reply, Elon Musk confirmed that xAI did purchase the turbines. “True,” Musk wrote in a post on X.
xAI’s ambitions
Recent reports have indicated that xAI closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. The funding, as per the AI startup, “will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products.”
The company also teased the rollout of its upcoming frontier AI model. “Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote in a post on its website.
Elon Musk
Elon Musk’s xAI closes upsized $20B Series E funding round
xAI announced the investment round in a post on its official website.
xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development.
xAI announced the investment round in a post on its official website.
A $20 billion Series E round
As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, among others.
Strategic partners NVIDIA and Cisco Investments also continued support for building the world’s largest GPU clusters.
As xAI stated, “This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI’s core mission: Understanding the Universe.”
xAI’s core mission
Th Series E funding builds on xAI’s previous rounds, powering Grok advancements and massive compute expansions like the Memphis supercluster. The upsized demand reflects growing recognition of xAI’s potential in frontier AI.
xAI also highlighted several of its breakthroughs in 2025, from the buildout of Colossus I and II, which ended with over 1 million H100 GPU equivalents, and the rollout of the Grok 4 Series, Grok Voice, and Grok Imagine, among others. The company also confirmed that work is already underway to train the flagship large language model’s next iteration, Grok 5.
“Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote.
Tesla (NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company’s growing lead in self-driving and autonomy.
On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla’s lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors.
CES 2026 validates Tesla’s FSD strategy, but there’s a big lag for rivals: analyst
“The signal from Vegas is loud and clear,” the analyst writes. “The industry isn’t catching up to Tesla; it is actively validating Tesla’s strategy…just with a 12-year lag.”
The note shows that the company’s prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla’s Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors’ approach, which utilizes other technology, such as LiDAR and sensors.
Currently, Tesla shares are sitting at around $433, as the company’s stock price closed at $432.96 on Tuesday afternoon.
Ferragu’s consensus on Tesla shares echoes that of other Wall Street analysts who are bullish on the company’s stock and position within the AI, autonomy, and robotics sector.
Dan Ives of Wedbush wrote in a note in mid-December that he anticipates Tesla having a massive 2026, and could reach a $3 trillion valuation this year, especially with the “AI chapter” taking hold of the narrative at the company.
Ives also said that the big step in the right direction for Tesla will be initiating production of the Cybercab, as well as expanding on the Robotaxi program through the next 12 months:
“…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
Tesla analyst breaks down delivery report: ‘A step in the right direction’
Tesla has transitioned from an automaker to a full-fledged AI company, and its Robotaxi and Cybercab programs, fueled by the Full Self-Driving suite, are leading the charge moving forward. In 2026, there are major goals the company has outlined. The first is removing Safety Drivers from vehicles in Austin, Texas, one of the areas where it operates a ride-hailing service within the U.S.
Ultimately, Tesla will aim to launch a Level 5 autonomy suite to the public in the coming years.
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
Elon Musk’s xAI closes upsized $20B Series E funding round
