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DAILY ENERGY NEWS  | 12/10/2025
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Europe finally notices the EV cliff after driving off it. 


Car and Driver (12/3/25) reports: "Automakers had been asking the European Union to rethink its plan to ban the sale of new combustion cars starting in 2035, to no avail. But a new letter from German Chancellor Friedrich Merz to European Commission President Ursula von der Leyen, urging the governing body to back down from its position, may have taken hold. The European Commission hasn't made any official changes yet, but mounting pressure suggests that a revised plan could be coming soon. According to the AN story, Merz wants to allow exceptions for plug-in hybrids, extended-range EVs, and 'highly efficient' combustion vehicles beyond the current 2035 deadline... The European Commission is set to meet on December 10. At that time, the body is expected to assemble a package of proposals to help out the struggling European automotive industry, though the actual announcement may be pushed to a later date."

"Climate policies that force a 100% transition to renewables have made states like New Jersey worse off with higher prices. If Governor-elect Mikie Sherrill wants to deliver on affordability, she should turn the page and embrace energy abundance policies." 

 

– Gabriella Hoffman, Independent Women's Center for Energy and Conservation

No subsidies, no buyers. 


Fox Business (12/6/25) reports: "Interest in electric vehicles (EVs) is cooling among American consumers following the termination of federal tax incentives and amid persistent concerns over cost, repairs and charging access, analysts say. Demand for EVs dropped following the Sept. 30 termination of federal EV tax credits — a $7,500 new-vehicle tax credit and $4,000 used-vehicle tax credit — which were eliminated under President Donald Trump's 'big beautiful bill,' signed into law in July... With those incentives gone, the coming months will reflect what organic consumer interest looks like for EVs, Stephanie Valdez Streaty, director of industry insights at Cox Automotive, told FOX Business. 'I think in the next six months, we're probably going to really see the market get to that place of natural demand without that carrot of an incentive,' Valdez Streaty said."

The customers have spoken.


Electrek (12/2/25) reports: "Ford’s EV sales fell by 60% in November from the year prior, following the loss of the $7,500 federal tax credit. The F-150 Lightning is still on hold and could be scrapped altogether. Ford sold 166,373 vehicles in the US last month, 0.9% less than in November 2024. Electrified vehicles, including fully electric (EV) and hybrids, took a hit after the $7,500 federal tax credit expired at the end of September. While hybrid sales rose 13.6% to 16,301, Ford’s EV sales plunged 60.8% in November. Ford sold just 4,247 all-electric vehicles last month, a stark contrast from the over 10,800 it sold in the year prior. Sales of the Mustang Mach-E fell 49% to 3,014 units, and the F-150 Lightning saw an even sharper drop with only 1,006 sold, down 72% from a year ago. Ford’s electric van, the E-Transit, didn’t do much better, falling 82% to just 227 units. The news comes after the Wall Street Journal reported last month that Ford is considering killing off the F-150 Lightning from its lineup."

Thank you, senators, for continuing to lead the way on American energy dominance.


Biofuels Digest (12/9/25) reports: "In Washington, U.S. Senator Mike Lee (R-UT) led a letter with colleagues from the Senate calling on the U.S. Environmental Protection Agency (EPA) to support President Trump’s American energy dominance agenda by preventing unfair reallocation of compliance costs onto oil refineries in Utah and across the country. U.S. Senators John Barrasso (R-WY), Mike Crapo (R-ID), Ted Cruz (R-TX), and Cynthia Lummis (R-WY) signed their support. Senator Lee introduced legislation earlier this year to block the EPA from forcing refineries to shoulder forgiven fines from other refineries that do not meet the EPA’s environmental standards. U.S. Senators John Barrasso (R-WY), Bill Cassidy (R-LA), Mike Crapo (R-ID), Ted Cruz (R-TX), John Fetterman (D-PA), John Kennedy (R-LA), Cynthia Lummis (R-WY), James Risch (R-ID) have cosponsored the legislation, which received endorsements from the American Fuel & Petrochemical Manufacturers and the American Energy Alliance."

Energy Markets

 
WTI Crude Oil: ↑ $58.58
Natural Gas: ↓ $4.46
Gasoline: ↓ $2.94
Diesel: ↓ $3.68
Heating Oil: ↑ $228.78
Brent Crude Oil: ↑ $62.23
US Rig Count: ↑ 578

 
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