An aerial view of residential housing under construction at a planned community in Fontana, California, on Sept. 17, 2025. (Photo by Mario Tama/Getty Images)

WASHINGTON — U.S. Senate Democrats began detailing their affordability agenda Thursday ahead of the November midterm elections, starting with a focus on housing. 

Minority Leader Chuck Schumer said during an event at the Center for American Progress, a left-leaning think tank, that if Democrats regain control of the House and Senate they would pass legislation to expand rental assistance, reduce barriers to home ownership, build more housing and address predatory practices. 

Schumer listed several statistics he finds concerning, including that the median price of a home has gone up by 55% since the coronavirus pandemic, that rent has risen by one-third and that the average age for a first-time home buyer is 40. 

“That’s a record high,” he said. “That’s a devastating statistic that should shake up everyone in a position of power at the federal, state or local levels.”

Schumer said the outline for housing is just the first of several cost-of-living policy proposals Democrats will detail this year as they seek to sway voters in key districts and states to vote for their candidates over Republicans.

Democrats, he said, will also focus on how to curb the rising cost of groceries, electricity, child care and health care as part of the midterms messaging. 

On housing, Schumer said Democrats will focus on legislation that would 

• incentivize construction companies to build more housing to address shortages throughout the country;
• expand rental assistance, including Section 8 vouchers for low-income families;
• reduce barriers to home ownership;
• expand the low-income housing tax credit;
• allow the Department of Housing and Urban Development to use the Defense Production Act to purchase “housing materials in short supply”;
• create an agency focused on advanced research into housing issues, similar to the Defense Advanced Research Projects Agency; and
• block “predatory companies” from being “allowed to gobble up entire neighborhoods so easily and turn them into profit machines.”

Democratic bills would provide down payment assistance, lower the cost of mortgage insurance, expand access to portable mortgages and “reform homeowners insurance which is now at a crisis level and so important for people who can’t afford that down payment,” Schumer said.  

Democrats have relatively good odds of winning back control of the House during the November midterm elections, especially since the president’s party tends to lose that chamber two years after taking power. 

Campaigns to regain control of the Senate will be much more difficult for Democrats, who face challenges keeping seats in Georgia and Michigan, while trying to flip Republican seats in Alaska, Maine, North Carolina and Ohio. 

Even if voters were to give Democrats control of Congress, leaders in the party would still need some Republican buy-in to move legislation past the Senate’s 60-vote legislative filibuster and need President Donald Trump to sign legislation into law, unless they had the two-thirds needed in each chamber to override a veto. 

A ‘family conversation’

Hawaii Democratic Sen. Brian Schatz said during a panel discussion with Illinois Democratic Sen. Tammy Duckworth that was moderated by CAP President and CEO Neera Tanden that he’s been “radicalized on housing” and pressed for members of the party to talk realistically about issues with supply and affordability. 

“And the reason is that our shortage nationwide, but especially in Hawaii, is so acute that people can’t make the math work anymore,” Schatz said. “In Hawaii, people are paying more than 50%, all-in, of their income for housing, either rental housing or paying a mortgage. And what I have come to realize is that we are the problem.”

Schatz argued that the government “is the primary impediment to alleviating the shortage” and said that realization has led him to have some “very difficult conversations.” 

In Hawaii, he said, there are environmental and cultural protections intended to safeguard “special places” but that have ended up applied more broadly, impeding housing development. 

“They were not originally conceived to prevent a walk-up apartment building on the corner of Eisenberg and King to house Native Hawaiian families,” Schatz said. “And yet those same laws are being weaponized against people in Hawaii even being able to live in the state of Hawaii.”

Schatz said Democrats must be honest with voters about what their housing policies would mean for communities throughout the country, contending the party needs to “solve the politics” around expanded housing before it can tackle the policy debate. 

“I actually think we have to have this family conversation around the politics of housing and realize that some of our base voters in the suburbs, who are otherwise good all the way down the line on all the progressive issues, also want to prevent a nurse or a firefighter or the disabled or the elderly or the student from living anywhere near them,” Schatz said. “And we have to have that conversation in the progressive coalition.”

Rethinking inspections, other processes

Duckworth said some solutions to housing could come through rethinking the processes in place now, similar to how the Department of Veterans Affairs changed its approach to homeless veterans. 

“VA used to say, ‘You have to get clean and sober, and then we’ll give you a voucher to get into an apartment.’ And so it made no sense, right?” Duckworth said. 

“So we had to change the thinking to what the homelessness community had been working on, which is reduction of harm — get them into the housing and then work on getting them clean and sober,” she continued. “And by changing that thought, we were able to immediately start pulling veterans off the streets, put them into housing units where they immediately were also getting counseling, getting treatment.”

Duckworth compared the sometimes slow process of housing inspections that can stop construction with the way the government approaches vehicle safety as one possible way to get things moving faster. 

“With automobiles, we say, ‘This car that you’re manufacturing must be able to withstand a crash at 35 miles an hour into a brick wall.’ And then when they meet and get that car approved, when we go buy that car, we don’t have to take that car to get it inspected from top to bottom, like we do with homes,” Duckworth said. 

She added: “So why would we not say to homebuilders, especially (prefabricated) homes, if you come to VA and you are willing to get two models of your home, pre-inspected, pre-approved, then when a veteran builds a new home and they say, ‘Hey, I’m going to choose one of these models that already has a VA good housekeeping seal of approval,’ they can shortcut that inspection process.”

Few would expect a vacuum cleaner company to roll up to CES with supercars, but that’s exactly what Dreame just did. Chinese tech firm Dreame, best known for producing competitively priced vacuum cleaners, has unveiled three dramatic high-performance cars at the Consumer Electronics Show in Las Vegas, introduced under the newly formed Kosmera and Nebula Next brands.

As early teasers hinted, Dreame has looked to Bugatti for stylistic inspiration. Even so, while initial renders leaned heavily into Chiron-like mimicry, the finished models veer in their own direction, avoiding full-blown imitation but still bearing more than a few familiar cues.

Read: This Four-Door EV From China Now Looks Like Bugatti’s Rarest One-Off

What many might not know is that Dreame sits within Xiaomi’s sprawling ecological chain. The tech giant has invested in the company and may be lending more than just capital. Xiaomi itself has already become a serious contender in China’s burgeoning EV market, though it remains unclear if Dreame’s pivot is directly tied to Xiaomi’s automotive push.

Bugatti Echoes, Not Clones

The first model under the Kosmera name is described as a super sports car and comes dressed in black. Its four-door configuration immediately sets it apart, but the front end is where things get especially familiar. The grille, framed in carbon fiber, strongly resembles the Bugatti Mistral and Brouillard. Large air intakes flank the front, and the overall fascia feels unmistakably French in its inspiration.

Headlight and DRL placement continue the Bugatti homage, as does the sculpted hood with prominent air extraction vents, a detail nearly identical to the one-off Brouillard.

Autohome

The side profile, however, strikes a different chord. With smooth surfaces and a gradually sloping roofline, it brings to mind a lengthened Porsche Taycan more than anything from Molsheim. Around back, the car adds its own flair with a full-width LED light bar, a fixed rear wing, and a vertical brake light extending down the rear window.

Also: Dreame’s Cullinan SUV Clone Might Be Rolls-Royce’s Worst Nightmare

According to Autohome, this Kosmera sedan houses four electric motors, combining for a total of 1,903 horsepower. Intriguingly, the car reportedly weighs exactly 1,903 kilograms (4,195 pounds), creating a symmetrical 1:1 power-to-weight ratio that sounds almost too perfect to be real.

While most technical details remain under wraps, the car is said to incorporate a complex suspension setup and a number of 3D-printed components.

A Second Concept

Kosmera’s second offering looks quite different. It’s also a sedan, finished in a dark purple paint, but the design is less dramatic. While the front doesn’t look like a Bugatti, the same can’t be said about the rear, as it bears a resemblance to the Chiron, including its taillights, the shape of the fascia and decklid, and the split rear window. As for specs, Dreame hasn’t released anything about this model’s capabilities just yet.

Autohome

Rounding out the trio is the Nebula Next 01, the only car not wearing a Kosmera badge. This is the model Dreame teased earlier. Painted green, it has the most supercar-like design of the trio, but surprisingly, it is also a four-door. It rocks loads of exposed carbon fiber parts, including the front splitter and rear diffuser, and also has similar Bugatti-inspired headlights to the first of the Kosmera cars.

See: Remember Dreame’s Rolls-Royce Clone? It’s Got A Bentley Brother

Local media claims the Nebula Next 01 is powered by the same four-motor setup with 1,903 horsepower. If accurate, it should rocket from 0 to 100 km/h (62 mph) in just 1.8 seconds. As of now, Dreame hasn’t confirmed whether and when this concept will reach production.

Autohome

The Rimac Nevera R is already a rarefied machine in the hypercar world, with only 40 units set for production. But for those craving something even more elusive, there’s now the Nevera R Founder’s Edition, a version limited to just ten examples.

More: Mate Rimac’s Next Big Idea Has Nothing To Do With Hypercars

This isn’t your typical limited edition. Customers will gain access to experiences usually closed to outsiders, effectively stepping into Rimac’s inner circle. They’ll be involved in internal strategy and R&D discussions, preview future products ahead of the public, and attend live record attempts firsthand.

What Do Owners Actually Get?

The journey begins at Rimac’s sprawling campus in Zagreb, where each of the ten owners will be welcomed by Founder and CEO Mate Rimac, alongside Design Director Frank Heyl.

Together, they’ll guide customers through a tailored configuration of their Founder’s Edition, using real-time visualization tools to tweak colors, materials, and finishes with an unusual level of control.

On the outside, the special edition wears a two-tone livery accented by ultra-slim stripes along the hood, roof, and rear wing, each featuring circuit board graphics. There’s also a Founder’s Edition emblem stamped with Mate Rimac’s initials on the front fenders, while hand-painted details are open to the owner’s preference.

Inside, the asymmetrical seat treatment nods to Mate Rimac’s personal Nevera. The upholstery is hand-stitched, and nearly every surface can be customized. There’s embroidery on the doors highlighting dates significant to Rimac’s history, MR initials on the headrests, and the Founder’s Edition badge placed between the seats.

Performance-wise, the Founder’s Edition doesn’t tweak the Nevera R’s already staggering numbers. It still features four electric motors that deliver a combined 2,107 horsepower.

Earlier this year, the Nevera R shattered records, sprinting from 0 to 100 km/h (62 mph) in just 1.72 seconds and hitting a top speed of 268.2 mph (431.45 km/h). That figure was eventually eclipsed by the BYD YangWang U9’s claimed 308.33 mph (496.22 km/h), though not in an officially recognized setting.

What Else Is Included?

But more than the hardware, what sets the Founder’s Edition apart are the long-term privileges it unlocks. Rimac describes the offering like this:

“For the duration of their ownership, the ten Founder’s Club members will have priority invitations to product previews, a company card allowing direct access to Bugatti Rimac HQ, invitations to performance showcases and record-breaking runs, involvement in strategy discussions with Mate and the team, and input into the research and development that will create the groundbreaking cars of the future.

This small global group of individuals also receive other exclusive benefits and invitations as a part of their membership, with exact details known only to the Founders.”

So yes, it’s a car, but it’s also an entry point into the inner workings of a tech-forward automotive company, complete with driving instruction from Rimac’s professional testers, to help owners actually handle the car’s potential. And once each vehicle is completed, Mate Rimac himself will personally hand over the keys.

More: Rimac’s New Battery Slashes EV Charging To Just Minutes

Rimac hasn’t released official pricing for the Founder’s Edition, though the standard Nevera R starts at €2.3 million ($2.7 million) before taxes. It’s safe to assume the new version will edge comfortably beyond that figure.

Mate Rimac thanked customers, adding, “Without them, everything we have built wouldn’t have been possible. I wanted to find a way to thank the visionary individuals who helped shape this path – and to invite ten of them to experience our world in a completely new way.”

Rimac

After plenty of waiting, the new Toyota GR GT is here, and so is the return of the Lexus LFA. These two new Japanese supercars might not have shown up in all the ways we expected but one thing is clear: while they’re linked, they’ll have very different personalities from behind the wheel.

Now, a new in-depth video shows us just how Toyota and Lexus made each of their respective cars stand out from the other.

More: Toyota GR GT Looks Like A Batmobile And Hits Like A Supercar

Many might consider the GR GT to be a more faithful successor to the LFA. That’s due heavily to its hybrid V8 engine that makes some 641 horsepower (477 kW). That said, it’s clear that Toyota wasn’t trying to steal the LFA’s thunder when you take a quick look at the finer details.

That’s exactly what Top Gear just offered, with a detailed breakdown of both cars from nose to tail. The GR GT, in particular, leans hard into its driver-first philosophy. Its design is dominated by functional aero, from oversized intercooler openings to a rally-style hood vent that channels air up and over the windshield.

Much like the AMG GT or if we go further back in time, the Dodge Viper SRT and its derivatives, the GR GT has a lengthy hood, a small but highly functional cabin, and a squat, wide stance.

Presenter Tom Ford highlights how the driving position communicates intention. The seat height, digital gauge cluster, and steering wheel are all set up for optimal visibility. That’s key because the car has shift lights and vital information there.

The car only has four drive modes, custom, normal, sport, and track. The center control stack features physical buttons and switches. The cupholders are behind the occupants and in the middle because they’re not the focus here.

Of course, the track-only FIA-compliant GT3 race car version is even more extreme. It gets every bit of roll cage one might expect and then some. The cabin features almost zero creature comforts but what it lacks there it makes up for in naked carbon and switchgear. The spoiler at the rear is as wide as the car itself.

Then, there’s the LFA, and when we say it’s different, it’s not just because the V10 is gone in favor of all-electric propulsion. Ford points out that Lexus took full advantage of the EV powerplant, going as far as to design the exterior with it in mind. As such, the LFA gets almost none of the same venting and aero from the GR GT. It simply doesn’t need it.

The lines are more elegant. Take, for example, the hood where long strakes run from the top of the lights to the windshield. Instead of hard edges everywhere, the design is smoother with more compound curves.

That approach carries into the interior, which leans heavily on refinement. The split-cabin layout gives the driver their own space, while the controls are smaller and more delicate, matching the car’s calmer energy.

In short, these two sport models might have a lot of shared DNA, but there’s no doubt that they’ll drive quite differently. In fact, there’s little question that they’ll feel different for occupants even when they’re powered down.

UK-based Helix has already built a reputation in the industry for giving the world’s wildest EVs their punch. You might not recognize its name, but you’ll have seen its work if you’ve watched a McMurtry Spéirling, Lotus Evija, or Aston Martin Valkyrie swallow up the horizon on a YouTube video.

Also: McMurtry Speirling Smashes Top Gear Lap Record, Beats F1 Car

Now Helix is working with Californian startup Astro Mechanica on an engine concept that claims it can make supersonic passenger air travel viable again.

What’s The Idea?

Astro Mechanica is chasing what the late, great Concorde never could. It wants long-range supersonic aircraft that are efficient enough for everyday use.

To make that possible, the company has built a propulsion system called Duality. It is an adaptive hybrid electric setup that uses both a gas turbine and electric drive to shift personalities depending on speed.

At takeoff, it behaves like a turbofan. At lower supersonic speeds, it behaves like a turbojet. When things get seriously quick, it transforms into something closer to a ramjet.

That flexibility is meant to solve the problem that killed commercial supersonic air travel in the first place. The engines were great at going very fast but not great at everything else, and gobbled up a ton of fuel.

Power Behind The Concept

The current fourth-generation Duality prototype uses four Helix SPX242-94 electric motors. Each produces up to 536 hp (544 PS / 400 kW) of peak power. They drive the two-stage compressor of the propulsor unit and can run continuously at 402 hp (408 PS / 300 kilowatts).

But custom-designed radial flux motors for the fifth generation of Astro Mechanica’s propulsion system are also in development, these ones pumping out up to 1,274 hp (1,292 PS / 950 kW) of peak muscle for extreme-altitude flying.

The company is targeting a first flight in three years and commercial operations within a decade. If it takes until 2035 and Astro Mechanica is the first to offer supersonic air travel, we’ll have waited 32 years since Concorde was retired to see a passenger airplane break the sound barrier.

Helix/Astro Mechanica, McMurty, Lotus

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Phoenix Motor Inc., known for building heavy-duty transit buses and helping electrify medium-duty vehicles, announced John Walsh is stepping in as the new president of Phoenix Motor and CEO of PhoenixEV, the company’s U.S.-based commercial electric vehicle brand.

Walsh will oversee the company’s American operations, focusing on scaling production, accelerating adoption of zero-emission solutions and expanding market share in the commercial and transit EV space. While it’s unclear why Denton Peng is stepping down as President of Phoenix Motor, he will continue to serve as the chief executive officer of Phoenix Motor Inc. leading the company’s global strategy, innovation initiatives, and international operations.

“We’re excited to welcome John to our team,” said Peng in a press release. “He brings a deep understanding of the transit and EV markets, along with a demonstrated ability to scale high-growth transportation companies. With more than three decades of experience and a record of operational excellence, we’re confident John will help PhoenixEV accelerate its mission to deliver clean, quiet, and intelligent mobility solutions across the U.S.”

Walsh is an experienced executive with more than 35 years of leadership experience in the transit and electric mobility industries. His most recent role was as president of EO Charging Americas, where he led large-scale commercial fleet electrification across North America.

Prior to that, he served as chief commercial officer at Proterra, overseeing record-setting electric transit bus sales and managing its transit, powered and energy business units. He also held key leadership positions as president and COO of Davey Coach, president of REV Bus Group, which included nine business units such as ENC and Collins Bus Corporation and CEO of MV-1/VPG, a specialty OEM for the paratransit market.

Walsh brings not only deep operational expertise, but also a strong track record in business development, negotiation and strategic planning, honed through decades of executive experience in the automotive and commercial transportation sectors. A graduate of Methodist University in North Carolina, he holds a bachelor’s degree in business administration.

“I’m honored to join Phoenix Motor at such an important inflection point,” said Walsh in a statement. “PhoenixEV has a remarkable legacy in electric transportation, and with our coast-to-coast operations, industry-leading EV platforms, and deep customer relationships, we are poised for strong growth. I look forward to working with our team to strengthen execution, build backlog and deliver outstanding zero-emission products for our partners and communities.”

In his role as CEO, Phoenix Motor said Walsh will be responsible for driving the brand’s U.S. business strategy, expanding production capacity and accelerating adoption of its all-electric transit and commercial vehicles. The appointment comes as Phoenix ramps up its efforts to serve municipal, corporate and government fleet customers across the nation amid growing demand for sustainable transportation solutions.

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Related: Phoenix Motor Appoints Industry Veteran John Walsh to Lead US Operations PhoenixEV; Walsh named President of Phoenix Motor and CEO of PhoenixEV
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ANAHEIM, Calif. -Phoenix Motor Inc. (OTC PINK:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced the appointment of John Walsh as President of Phoenix Motor and Chief Executive Officer of PhoenixEV, the Company’s U.S.-based commercial EV brand focused on light, medium- and heavy-duty vehicles built in America for the American market. Denton Peng remains Chief Executive Officer of Phoenix Motor, continuing to lead the Company’s overall strategic direction, innovation roadmap, and global operations.

“We’re excited to welcome John to our team,” said Denton Peng, CEO of Phoenix Motor. “He brings a deep understanding of the transit and EV markets, along with a demonstrated ability to scale high-growth transportation companies. With more than three decades of experience and a record of operational excellence, we’re confident John will help PhoenixEV accelerate its mission to deliver clean, quiet, and intelligent mobility solutions across the U.S.”

Walsh is a seasoned executive with over 35 years of leadership in the transit and electric mobility industries, most recently serving as President of EO Charging Americas, where he led commercial fleet electrification efforts across North America. He previously held key leadership positions at Proterra as Chief Commercial Officer, where he drove record electric transit bus sales and led the Transit, Powered, and Energy business units. Walsh also served as President and COO of Davey Coach, President of REV Bus Group, overseeing nine business units including ENC and Collins School Bus, and CEO of MV-1/VPG, a specialty OEM serving the paratransit market.

“I’m honored to join Phoenix Motor at such an important inflection point,” said Walsh. “PhoenixEV has a remarkable legacy in electric transportation, and with our coast-to-coast operations, industry-leading EV platforms, and deep customer relationships, we are poised for strong growth. I look forward to working with our team to strengthen execution, build backlog, and deliver outstanding zero-emission products for our partners and communities.”

Walsh will be responsible for driving PhoenixEV’s business strategy and execution across its expanding U.S. footprint, with a focus on growing market share in the zero-emission transit and commercial fleet sectors, scaling production capabilities, and accelerating customer adoption of Phoenix’s electric mobility solutions.

About Phoenix Motor Inc.
Phoenix Motor Inc. is redefining commercial transportation with smart, zero-emission electric vehicles. Through our two brands – PhoenixEV (America manufacturing for America market) and EdisonFuture (International resources for international market) – we deliver a full range of heavy-, medium-, and light-duty EVs, from transit and shuttle buses to delivery vans and trucks.

With cutting-edge electric drive systems and seamless integration of autonomous driving technologies, Phoenix is driving the future of sustainable transit, logistics, and community mobility in the U.S. and beyond. Learn more at phoenixev.ai.

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