

News
Electric cars like Teslas now cheaper to own than gas cars in Europe: study
A recent study from Direct Line, a premier insurance firm in the UK, has stated that electric cars are now cheaper to own than petrol vehicles, at least based on their lifetime running costs. The firm was able to come to this conclusion by analyzing the purchase price of EVs and ICE cars, as well as their maintenance and running costs over a period of 14 years.
Direct Line noted that currently, the average lifetime running costs of an electric car in 2020 so far is about £52,133. An equivalent petrol powered car, on the other hand, will incur a total lifetime running cost of £53,625. Interestingly enough, Direct Line reached its findings despite the average zero emission vehicle in the UK usually costing about 22% more than a comparable ICE car.
Despite this, EVs are poised to give savings to their owners due to their low running costs. For its study, Direct Line opted to use an EV that is worth £27,921 and a petrol car that’s worth £22,976. While the electric vehicle is indeed more expensive upfront, savings in terms of fuel cost, tax, and maintenance make EVs 21% cheaper to run overall. Overall, the firm estimated that EV owners will spend £33.50 per week on an EV, while ICE owners will spend £42.40.
Similar to the findings of US based company iSeeCars.com, an analysis from UK based car sales platform AutoTrader has revealed that some EVs maintain their value longer than ICE cars. According to AutoTrader, electric cars only lose 12% of their value over a year, while ICE cars depreciate 24%. Teslas, of course, are even more extreme, with the Model 3 depreciating only by 10% over a three year period as per a study in the US second hand car market.
The UK is currently initiating an aggressive push for electrification, with the country looking to ban all hybrid and petrol powered cars by 2035. The date was initially set for 2040, but the UK government opted to move the target up five years in order to have better chances at achieving its zero carbon emissions goal for 2050. Neil Ingram, head of motor product at Direct Line, noted in a statement to This Is Money UK that it is far more preferable for car buyers to adopt EVs now, instead of waiting for the 2035 deadline.
“(Buyers could) already be saving money by switching from a traditional petrol or diesel car to an equivalent electric model now. We expect prices to come down in future, thanks partly to the Government’s commitment to making greener vehicles more accessible but also to advances in technology ensuring that purchasing, refuelling, maintaining and insuring an electric car becomes easier, cheaper and better for the environment,” he remarked.

News
Nikola Motor founder Trevor Milton given full pardon by President Trump

Nikola Motor founder Trevor Milton has been given a full pardon by U.S. President Donald Trump in an unprecedented turn of events.
Trevor Milton Media announced late Thursday that the formerly jailed founder of the all-electric automaker that President Trump had “pledged to end the political weaponization of the Justice Department. This pardon marks a step toward fulfilling that commitment.”
Milton was sentenced to four years in prison in December 2023 after being found guilty of multiple counts of fraud.
Nikola founder Trevor Milton sentenced to four years in prison
“I was not a very seasoned CEO,” Milton said after his sentencing. Questions about the legitimacy of some Nikola product demonstrations and several statements that were found to be misleading regarding the company’s progress on its vehicles brought Milton to U.S. Federal Court to face two counts of wire fraud and one count of securities fraud.
Now, he is free.
Milton said in a statement:
“This pardon is not just about me—it’s about every American who has been railroaded by the government, and unfortunately, that’s a lot of people. It is no wonder why trust and confidence in the Justice Department has eroded to nothing. I wish judges would stop believing whatever the prosecutors feed them so Americans could trust the justice system again. Until that happens, our justice system will continue to erode until there is nothing left. The 90+% conviction rate in New York is appalling and is a result of prosecutors getting whatever they want and putting innocent people in prison. I saw firsthand the tactics they use to achieve those guaranteed convictions. I am incredibly grateful to President Trump for his courage in standing up for what is right and for granting me this sacred pardon of innocence.”
Milton will now launch a documentary that is available for preview here.
Elon Musk
Tesla vandal who lit Las Vegas repair center on fire arrested

A vandal in Las Vegas who lit a Tesla repair center on fire has been arrested, bringing a name and face to the crime that engulfed vehicles and a structure in flames.
Officers in Las Vegas arrested Paul Kim, a 36-year-old, on Wednesday. He faces charges of arson and possessing an explosive device.
The Tesla repair center at 6260 West Badura Avenue was set aflame on March 18 at around 2:45 a.m. In total, five vehicles were set on fire, as well as the building itself. It was one of the more notable instances of vandalism against Tesla in recent months, but police now have their culprit.
Las Vegas Metro Police Department Sheriff Dori Koren described the weapons Kim used to execute the attack:
“He used what appeared to be multiple Molotov cocktails and firearms to conduct his attack.”
As the instances of attacks on Tesla continue to be publicized, we are now seeing considerable pushback from owners, the company, and even the United States government regarding what it calls “domestic terrorism.”
Owners are now filing lawsuits against those who vandalize their vehicles, as the first civil suit against a vandal was filed in Texas yesterday.
Great
— Elon Musk (@elonmusk) March 27, 2025
Tesla has not made any moves itself against the vandals, but we expect the company to potentially enter some litigation against groups or politicians that incite violence against its property and the owners of its vehicles.
Additionally, the U.S. government has utilized the FBI to probe incidents against Tesla as a part of them being constituted as instances of domestic terrorism. Earlier this month, the Bureau established a specific task force to handle Tesla-related attacks.
“The FBI has been investigating the increase in violent activity toward Tesla, and over the last few days, we have taken additional steps to crack down and coordinate our response,” FBI head Kash Patel said on X. “This is domestic terrorism. Those responsible will be pursued, caught, and brought to justice.”
Elon Musk
Elon Musk clarifies Trump tariff effect on Tesla: “The cost impact is not trivial”
The U.S. President has stated that Elon Musk stayed silent and provided no input in the administration’s tariffs.

U.S. President Donald Trump’s plan to implement a 25% tariff on non-U.S.-made vehicles starting next week would affect American electric car maker Tesla.
This was confirmed by CEO Elon Musk in a recent post on social media platform X.
Musk and Trump
While Elon Musk works closely with the Trump administration due to his role in the Department of Government Efficiency (DOGE), the U.S. president has emphasized that the Tesla CEO never asks for favors. This was highlighted in his recent comments, when he stated that Elon Musk stayed silent and provided no input in the administration’s 25% auto tariffs.
When asked by reporters if the new tariffs would be good for Tesla, Trump noted that they may be “net neutral or they may be good.” The U.S. president also pointed to Tesla’s automotive plants in Fremont, California and Austin, Texas, which produce vehicles that are sold in the country. “Anybody that has plants in the United States — it’s going to be good for them,” Trump noted.
Tesla Affected
In a post on X, Elon Musk clarified that the Trump administration’s tariffs would affect the prices of vehicle parts that are sourced from other countries. This was a concern that Tesla previously outlined in a letter to the U.S. Trade Representative, which noted that even with “aggressive localization” of its supply chain, “certain parts and components are difficult or impossible to source within the United States.”
As per Musk in his recent post on X, the cost impact of the Trump administration’s tariffs is no joke. “To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial,” Musk wrote in his post.
Potential Effects
Reactions to Musk’s comments from users of the social media platform were varied, with some speculating that the Trump auto tariffs could result in Teslas becoming more expensive in the United States. Despite this, the potential increases in Tesla’s vehicle prices might not be as notable as other cars, particularly those that are produced outside the country.
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