A: Hey there! Did you hear about the news in the EV world?
B: No, what's up?

A: Well, it looks like the tax credit for electric vehicles expired a few days ago and we're still not sure how it will affect sales. But, some automakers like Tesla, Ford, General Motors, and Hyundai have reported record quarterly sales of EVs.

B: Wow, that's interesting! What about Rivian?

A: Rivian saw a big jump in deliveries too! But the question now is how automakers will manage the inventory as new 2026 models come in without hurting their profits. The Trump administration canceled some clean energy projects worth billions of dollars, with California taking the biggest hit.

B: That's not good for them... Do you know about Toyota investing in startups?

A: Yeah! Toyota is committing $1.5 billion to focus on and invest in the life cycle of startups, from their initial ideas through growth stages. They created a strategic investment subsidiary called Toyota Invention Partners Co. It's quite unique for a big automaker like Toyota.

B: Wow, that sounds exciting! Let's keep an eye on that. By the way, do you know anything about Jaguar Land Rover getting a £1.5 billion guarantee from the U.K. government?

A: Yeah, it's because of a hack that forced them to shut down their production lines and left some suppliers at risk of bankruptcy. The U.S. government is also investing in companies like Intel and MP Materials now. It seems like governments are taking more interest in these startups and innovations.

A: That's all for today! Disrupt 2025 is coming up soon, so we might see some exciting developments there too. Hope you enjoyed the chat!