On top of grappling with a punishing environment for EVs, Nikola also dealt with weak sales and cycled through CEOs in the wake of a fraud scandal.

One dealer is not even stocking 2025 models of heavy-duty trucks.

Over the last year, Nikola began to lose hundreds of thousands of dollars for each vehicle it sold as it attempted to scale up its production.

The alert from shipping companies comes as the IMO hosts an event in London this week to debate measures to reduce the sector’s carbon footprint. 

Trump has highlighted tariffs as a tool that he says will convince companies to move production to the U.S.

Just 9% of small-to-medium-sized businesses were willing to invest more than 5% of their operating budgets in sustainability, with 16% planning to invest nothing.

Nikola has pursued various paths to bolster its cash, going through several rounds of layoffs. In December 2024, it filed to sell up to $100 million of stock.

Walking away from the tie-up with Honda is a huge gamble for Nissan, whose outdated product lineup has forced it to discount heavily, destroying its bottom line.

The future contains much uncertainty, but also a wealth of opportunities for innovative and far-thinking enterprises. 

Across Europe, Chinese carmakers held onto 8.2% of the EV market in December — a slight bump up from November but still below the average.