As you can see, some of those models are incredibly popular gas vehicles, like the Ford F-150, as the company is likely hoping to appeal to a wide range of people who may be considering switching to electric. Of course, the amount you get will depend on your vehicle and its condition, which means you could get more if you sell it yourself. In addition, the discount will only apply to specific R1T truck and R1S SUV packs at amounts that range from CAD$1,000 ($730) to CAD$7,500 ($5,470). You'll also still have to put in a $1,000 non-refundable deposit to reserve the configuration you choose, and you must be able to accept a delivery between April 22 and June 30.

As TechCrunch notes, Rivian launched the promo at a time when there's lower demand for electric vehicles, especially for more expensive premium models. Other automakers recently introduced discounts of their own — Tesla, for instance, shaved $2,000 off the starting prices of the Model Y, Model X and Model S. It's also ending its referral program on April 30 and is making its Full-Self Driving software $4,000 cheaper. If you do trade in an eligible gas vehicle to buy an R1, you'll also be able to charge your new EV at all Rivian Adventure Network sites for free for one year.

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The electric model looks pretty much like the gas-powered G-Class, with its sharp angles and its distinctive door handles, grilles and round headlights. Mercedes offers optional lighting exclusive to the EQ version of the vehicle, though, so you can change its looks and give it a design that's considerably different from a standard G-Class. The vehicle is powered by four electric motors located near each wheel and has several modes for off-road use: G-TURN, which will allow you to turn the vehicle almost on the spot, G-STEERING, which could eliminate the need for multi-point turns, and the intelligent off-road crawl function that provides cruise control for off-road drives.

Mercedes-Benz made sure the vehicle's battery is ready for off-road journeys, as well, and encased it in a torsion-resistant casing that protects it from water and dirt. Since the vehicle can be driven in up to 33.5 inches of water, the battery definitely needs that kind of protection. It can charge with both alternating current and direct current, and when plugged into a fast-charging DC system, it can go from 10 to 80 percent in just 32 minutes. The G-Class can convert kinetic energy into electrical energy when you coast or hit the brakes, as well.

EDITION ONE, the G-Class with EQ Technology coming out at launch later this year, will have an "an expanded palette of standard features." A company spokesperson told TechCrunch that a range-extended version with a battery that uses a more energy-dense silicon-anode technology from Mercedes' partner Silas will also be available in the next few years.

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The next-generation electric pickup, codenamed “T3,” is also being delayed from late 2025 to 2026. It’s being built at the Tennessee Electric Vehicle Center assembly plant at the company’s BlueOval City complex, though Ford says it’s just now installing stamping equipment that will produce the sheet metal for the truck.

Alongside these announcements, the company has revealed a new push for hybrid vehicles. It has stated it plans on offering hybrid powertrains across the entire Ford Blue lineup by 2030. Despite the aforementioned delays and the pivot toward hybrid vehicles, Ford says it remains committed to EVs and that it’s continuing construction of battery plants in Michigan, Tennessee and Kentucky.

However, it’s no secret that the EV market is not quite as robust as companies once hoped it would be. Maybe it’s the high price of entry, the spotty charging infrastructure or the fact that some EVs do not qualify for the federal tax break. Heck, maybe consumers are simply turned off by a certain CEO who shall not be named.

In any event, the slowdown is real, though perhaps a bit overstated. Ford experienced a decline in EV sales of 11 percent in January, but the company says it bounced back and that sales have increased by 86 percent throughout the entire first quarter when compared to last year. However, the company’s EV offerings lost $4.7 billion in 2023.

“We are committed to scaling a profitable EV business”, said Jim Farley, Ford president and CEO. To that end, the company announced last year that it would be delaying or canceling $12 billion in planned spending on electric vehicles. It’s unclear how today’s announcements will impact Ford’s plans to ramp up production to 600,000 EVs per year. In any event, customers can now use Tesla Superchargers in the US and Canada, which should help assuage some of those infrastructure concerns.

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Both prices are also $10,000 less than the base Model S and Model X vehicles. The new EVs, however, have shorter ranges than the other versions in their line: In the case of Model S, the new option has a range of 320 miles, while the base variant can last for over 80 miles longer with its 405-mile range. It also takes 3.7 seconds for new EV to accelerate from zero to 60 mph, whereas it takes 3.1 seconds for the base version to achieve the same speed. Meanwhile, the new Model X has a range of 269 miles, which is definitely shorter than the base variant's 348 miles. It takes the new Model X 4.4 seconds to reach 60mph, longer than the 3.8 seconds it takes the base version.

As Electrek noted when it noticed the presence of Standard Range vehicles on Tesla's website, it's not clear if the automaker is making battery packs especially for these releases or if it's merely software-locking packs for its EVs with longer ranges. If it's the latter, then Tesla might give customers the opportunity to unlock longer ranges in the future if they're willing to pay for it. The new Standard Range EVs are available for the aforementioned prices in Pearl White with an all-black interior, along with standard wheels and steering wheel. Buyers will have to pay extra for other colors, customizations, and, of course, for Tesla's Enhanced Autopilot ($6,000) and Full Self-Driving Capability ($15,000) features.

Tesla is giving current customers the option to transfer Full Self-Driving to a newly purchased vehicle for free at the moment. That said, they can only take advantage of this one-time amnesty if they take delivery of a new EV between July 20th and September 30th, 2023. Seeing as the new Standard Range vehicles could be delivered after September, buyers should be aware that they might have to pay for FSD again even if they already have it in their current Tesla EV.

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Hertz reported a 13 percent margin for the quarter, which Scherr said would've been "several points higher" if not for the cost challenges associated with EVs. One of the factors that affected the company's margins was depreciation, compounded by the one-third drop in retail prices of the electric cars in its fleet. Tesla had implemented several price cuts over the past year, slashing the Model S and X prices by nearly 20 percent in September.

In addition, the CEO said that EVs are costing Hertz "about twice in terms of damage cost repair than a conventional internal combustion engine vehicle." He said the company is working directly with Tesla to look at its cars' performance and lower the risk of damage, as well when it comes parts procurement and labor. The company disclosed in its earnings report that 80 percent of its EVs is made up of Tesla vehicles, which means it has 35,000 Tesla in its fleet out of 50,000. As CNBC explains, EVs come with their own set of maintenance challenges, potentially brought about by their heavier weight. Aside from those two factors, moving a portion of its EV fleet from ridesharing use to leisure had affected its margins, as well. Hertz rents Tesla EVs to Uber and Lyft drivers, and it's now planning to move the vehicles it removed from the pool back to its ridesharing business.

Scherr said Hertz remains committed to its long-term plan to electrify its fleet, but it's going to pace itself while it looks for solutions to its EV-related issues. The CEO talked about how taking on EVs by other manufacturers like GM could address some of the problems it's facing. He expects Hertz to be able to purchase them at an "appreciably lower price point" than the prices it paid for its Tesla vehicles. He also thinks that those cars "will likely speak to lower incidence of damage," as well as to "a lower cost of parts and labor." GM and other traditional automakers have a broad parts supply network nationwide established over the decades, which will make it easier — and potentially cheaper due to aftermarket availability — to procure components.

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"We think our customers still deserve a $7,500 credit for choosing an EV," Zak Edson, Lucid's Vice President of Sales and Service, said back in February. Buyers can get federal tax credits of up to $7,500 for electric vehicles within certain price ranges, but Lucid's luxury sedans are too expensive and don't qualify for the incentive.

To note, customers can only avail of Lucid's discounts if they can take delivery within seven days of their order being ready. One of the company's main reasons for cutting prices seems to be to sell its current inventory, because the limited-time offers only apply to "cars for immediate delivery." Upon checking its available vehicles, Lucid has dozens of the aforementioned models available for buyers within the next two weeks.

Lucid isn't the only EV-maker to cut its prices more than once over the past year. Tesla notably lowered its prices several times since 2022, the latest of which was announced after it revealed that it fell short of market estimates for deliveries in the third quarter of 2023.

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“The company expects this action to better balance supply against expected demand of EVs,” Hertz said in an SEC filing. “This will position the company to eliminate a disproportionate number of lower margin rentals and reduce damage expense associated with EVs.”

There were already signs that Hertz was having cold feet over its decision to invest heavily in EVs over the last few years. It was reported in 2021 that the rental company had ordered 100,000 EVs from Tesla. The following April, it emerged that Hertz planned to buy up to 65,000 EVs from Polestar over five years.

However, in October 2023, Hertz said it was slowing down plans to electrify its fleet. At the time, CEO Stephen Scherr said EVs cost Hertz “about twice in terms of damage cost repair than a conventional internal combustion engine vehicle.”

As Reuters notes, Tesla is currently selling more than 700 EVs through its used car website. The vast majority of those are Tesla Model 3 and Model Y vehicles.

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The NXT Gen Cup actually started last year as a support series for the Scandinavian Touring Car Championship, but will now adventure throughout Europe. Events are open to drivers between the ages of 15 and 25 and will feature at all four European races included in the ABB FIA Formula E World Championship’s Season 10, including Misano, Monaco, Berlin and the finale in London.

The all-electric series will include both male and female drivers, with line-ups to be announced starting next week. Formula E says many of these drivers will be under 17, so this gives them “the opportunity to compete on the same circuits as Formula E’s 22 world-class drivers.” This not only presents race fans with something extra to watch, but helps prepare the next generation of drivers for the big leagues. That’s why it’s called the NXT Gen Cup.

Subject to final FIA approval, this year’s NXT Gen Cup will make its inaugural appearance on April 13 in Misano, Italy. Racers will drive a car based on the Mini Cooper SE, called the LRT NXT1. This front-wheel drive vehicle boasts the equivalent of a 180HP motor, plus an extra 60hp from a push-to-pass system.

These are electric vehicles, of course, so there’s a 30kWh battery with an accompanying 800-volt system. Other features include regen when braking, adjustable Ӧhlins shock absorbers and Hankook semi-slick all-weather tires. The organization built 20 cars for the series, so every driver will have the same exact vehicle. The championship will generally include two 20-minute practice sessions, a 20-minute qualifier and the actual 20-minute race.

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