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Climate

Trump’s ‘Liberation Day’ Tariffs Loom
Economy

AM Briefing: Liberation Day

On trade turbulence, special election results, and HHS cuts

Economy

AM Briefing: Trump and the Deep-Sea Mining Debate

On critical minerals, Tesla’s home battery business, and India’s heat wave

Yellow
Economy

AM Briefing: Trump’s Car Price Confession

On auto imports, special elections, and Volvo’s new CEO

Yellow
Climate

AM Briefing: The EPA’s Inbox Is Open

On skirting pollution rules, Arctic sea ice, and Empire Wind

Yellow
Trump Imposes 25% Tariffs on Imported Cars

AM Briefing: Buckle Up, Auto Industry

On auto levies, NOAA’s new lawyer, and the future of FEMA

Yellow
South Korea Is Grappling With Devastating Wildfires

AM Briefing: South Korea’s Deadly Fires

On deadly blazes, China’s carbon market, and the goal of tripling renewables

Yellow
Electric Vehicles

AM Briefing: BYD Leapfrogs Tesla

On EV sales, a clean energy lobbying blitz, and fusion

BYD Deals Another Blow to Tesla
<p>Heatmap Illustration/Getty Images</p>

Current conditions: Firefighters in South Korea are struggling to contain wildfires that have charred more than 36,000 acres • Reports of fire ant stings in Australia have exploded in recent weeks after torrential rain from Cyclone Alfred forced the invasive pests above ground • Temperatures in Phoenix, Arizona, reached 96 degrees Fahrenheit yesterday, breaking a daily heat record in place since 1990. Today is expected to be even hotter.

THE TOP FIVE

1. BYD overtakes Tesla with $100 billion in annual sales

China’s BYD reported annual sales over $100 billion for the first time, dealing yet another blow to its chief U.S. rival, Tesla. The company’s shares have risen by 91% over the past 12 months. Tesla, by contrast, has yet to hit $100 billion in annual revenue, and its shares have dropped about 30% since the start of 2025, wiping out its post-election bump.

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Climate

AM Briefing: Global Energy Demand on the Rise

On the IEA’s latest report, wildfires in North Carolina, and EV adoption

Extreme Heat Boosted Energy Demand in 2024
<p>Heatmap Illustration/Getty Images</p>

Current conditions: A wildfire in New Jersey’s Wharton State Forest has burned 2,300 acres • An ancient Roman bridge collapsed in central Spain after extreme rainfall from four consecutive storms • Los Angeles could see record-breaking March heat today with temperatures nearing 90 degrees Fahrenheit.

THE TOP FIVE

1. The IRA has a math problem

The ballooning price tag of President Trump’s tax cut wishlist and preliminary budget negotiations on the Hill are pointing toward a budgetary showdown in which many of the Inflation Reduction Act’s benefits could become fiscal casualties. D.C. veterans, including former GOP Hill staff, tell Heatmap that even the most bipartisan parts of the IRA could be sacrificed in the budget reconciliation process in order to make room for Trump’s biggest legislative priorities, including extending the 2017 Tax Cuts and Jobs Act, eliminating taxes on tips, overtime pay, and Social Security, and removing the cap on the state and local tax liability deductions.

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