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Hyperloop, hydrogen-powered trains, and air-taxis. As the 21st century progresses, the way people get from A to B is on the cusp of a significant shift driven by design and innovation.

While the above technologies may be a few years off from widespread adoption, that’s not to say change isn’t already afoot.

Around the world, national and municipal governments are attempting to slash emissions and boost urban air quality, with many putting their faith in a growing sector: battery electric vehicles. 

There’s undoubtedly momentum behind the industry. A recent report from the International Energy Agency stated roughly 3 million new electric cars were registered last year, a record amount and a 41% rise compared to 2019.

Looking ahead, the IEA says the number of electric cars, buses, vans and heavy trucks on roads — its projection does not include two- and three-wheeled electric vehicles — is expected to hit 145 million by 2030.

If governments ramp up efforts to meet international energy and climate goals, the global fleet could increase further still, expanding to 230 million by the end of the decade.

A changing world 

As the number of electric vehicles on the planet’s roads increases, society will need to adapt.

Extensive charging networks, for example, will need to be rolled out to meet increased demand and dispel lingering concerns around “range anxiety” — the idea that electric vehicles aren’t able to undertake long journeys without losing power and getting stranded.

Another area where we will notice change relates to noise: As well as boasting zero tailpipe emissions, electric vehicles are far quieter than their diesel and gasoline cousins.

This means less noise pollution in urban areas — clearly a good thing — but also throws up a potential challenge for other road users, especially those with sight problems. 

“For people who are blind or partially sighted, judging traffic can be really difficult,” Zoe Courtney-Bodgener, policy and campaigns officer at the U.K.-based Royal National Institute of Blind People, told CNBC in a phone interview.

Courtney-Bodgener explained that an increasing number of “quiet” modes of transport were now being used, giving the example of bicycles and larger electric and hybrid vehicles.

“If you can’t always or reliably use vision to detect those vehicles, then sound is even more important,” she went on to state.

“And when the sound is not there, or is not loud enough to be able to reliably detect those vehicles, obviously that presents danger because … you’re not reliably able to know when a vehicle is approaching you.”

The law of the land

It should be noted that, around the world, legislation and technology have already been introduced in a bid tackle this issue.

In the European Union and U.K., for example, all new electric and hybrid vehicles will have to use an acoustic vehicle alerting system, or AVAS, from July 1. This will build upon and broaden previous regulations which came into force in 2019. 

Under the rules, the AVAS is supposed to kick in and make noise when a vehicle’s speed is under 20 kilometers per hour (around 12 miles per hour) and when it’s in reverse.

According to a statement from the U.K. government in 2019, the sound “can be temporarily deactivated by the driver if judged necessary.”

The EU’s regulation says the noise made by the AVAS “shall be a continuous sound that provides information to the pedestrians and other road users of a vehicle in operation.”

“The sound should be easily indicative of vehicle behaviour,” it adds, “and should sound similar to the sound of a vehicle of the same category equipped with an internal combustion engine.”

The RNIB’s Courtney-Bodgener told CNBC that while her organization was “happy” the AVAS directive had been translated into U.K. law, it did not “do all of the things that we want it to do.”

She went on to explain how the speed at which the AVAS cuts in perhaps needed to be increased to 20 or 30 miles per hour.

“We’re not convinced that if … a vehicle is travelling at, say 13 miles per hour, it would generate, on its own, enough noise for it to be reliably detectable by sound.”

Another area of concern relates to older vehicles. “There are already lots and lots of electric and hybrid vehicles that were produced before this legislation came into force and do not have the sound technology on them,” she said.

There was currently no provision to retrofit these, she added. “That is a concern because there are already thousands of vehicles on roads around the U.K. that do not have the AVAS technology.”

From the industry’s point of view, it seems to be content with the regulations already in place. In a statement sent to CNBC via email, AVERE, The European Association for Electromobility, told CNBC it supported the “current legislative status quo.”

“The limit of 20 km/h is sufficient, since at this level other noises — notably rolling tyre resistance — take over and are sufficient for pedestrians and cyclists to hear EVs and hybrids approaching,” the Brussels-based organization added.

“In fact, mandating additional noise beyond 20 km/h would rob European citizens of one of the primary benefits of electrification: reduced noise levels at city speeds.”

Noise pollution can indeed be a serious issue. According to the European Environment Agency, over 100 million people in Europe “are exposed to harmful levels of environmental noise pollution.” The agency singles out road traffic noise as being “a particular public health problem across many urban areas.”

On the subject of older cars needing to be updated, AVERE said: “Only a very small share of EVs on European roads would be subject to retrofitting requirements, given the fact that many existing vehicles have already been fitted with AVAS in anticipation of the new requirements, and that the rules have been put in place in time to support the expected mass uptake of EVs in coming years.”

If “additional requirements” were found to be necessary, AVERE said it stood ready to engage with policymakers.

The future

Discussions and debate surrounding this topic look set to continue for a good while yet and it’s clear that a balance will need to be struck going forward.

Regardless of whether one thinks the current legislation goes far enough or not, the fact remains these types of systems are set to become an increasingly important feature of urban transport in the years ahead.

Robert Fisher is head of EV technologies at research and consultancy firm SBD Automotive.

He told CNBC via email that testing conducted by the company had “found AVAS to be quite effective” but went on to add that if a pedestrian wasn’t familiar with the noise, “they may not automatically associate it with the presence of an approaching vehicle.”

“Currently, AVAS is mostly hindered by inconsistent legislation and a lack of innovation,” he said, before going on to strike a positive tone regarding the future.

“As we move away from the internal combustion engine, this technology has the potential to become a key part of a car’s character, a point of brand differentiation, and has the ability to save lives.”

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Ford is preparing for an all-new EV at its Louisville assembly plant, but which one?

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Ford is preparing for an all-new EV at its Louisville assembly plant, but which one?

The Louisville assembly plant is scheduled for an extensive retooling starting later this year to produce a new Ford EV model. After the Escape is phased out, Ford will upgrade the facility to introduce an all-new EV.

What new EV will Ford build in Louisville?

Since 2022, Ford has had the same three electric vehicles available in the US. The Mustang Mach-E, F-150 Lightning, and E-Transit. However, that could change soon.

According to Todd Dunn, president of UAW Local 862, Ford’s Louisville plant will likely see some major changes later this year.

Dunn told The Courier Journal that the retooling could take upwards of 10 months. Ford is expected to begin the upgrades in December when the Escape and Lincoln Corsair, which are made at the plant, are phased out.

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Although Ford has yet to confirm the retooling, according to Dunn, the downtime will impact around 2,300 workers at the plant. They are expected to be temporarily laid off during the retooling, but Dunn said they will qualify for supplemental unemployment benefits and will also be able to draw unemployment.

Ford-new-EV-Louisville
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)

The upgrades are part of a 2023 UAW and Ford agreement to make the Louisville plant one of three due for a future EV model.

As to which EV, Dunn still doesn’t know, or when Ford will officially announce it. Since Ford already scrapped plans for a three-row electric SUV, that’s out.

Ford-new-EV-Louisville
Ford’s electric Explorer for Europe (Source: Ford)

Ford is planning to launch the first model on its long-awaited low-cost EV platform, a midsize electric pickup, in 2027. But this is expected to be built in Tennessee. A new “digitally advanced” electric van that will be built in Ohio is also due out next year.

2025-Ford-F-150-Lightning
2025 Ford F-150 Lightning (Source: Ford)

So, what mysterious new EV is Ford planning for Louisville? Ford spokesperson Jess Enoch told The Courier-Journal last year that the company is “committed to an all-new electric vehicle” at the plant but said, “We will share details closer to launch.”

The news comes after Ford’s Mustang Mach-E notched its highest first-quarter sales since its launch, with 11,607 units sold in the first three months of 2024. F-150 Lightning sales, on the other hand, fell 7%.

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Eric Trump says he moved to crypto after family business became ‘most canceled company’

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Eric Trump says he moved to crypto after family business became 'most canceled company'

American Bitcoin co-founder Eric Trump: Crypto's the 'future of the modern financial system'

Eric Trump says his family was “the most canceled company, probably on Earth.”

That was then.

With his dad, President Donald Trump, back in the White House, he sees a new money-making opportunity.

“It actually is what drove us toward cryptocurrency,” the president’s middle son told CNBC, referring to the Trump family’s latest business endeavors. “You realize that cryptocurrency was a lot faster, it was a lot more pragmatic, it was a lot more transparent, it was exponentially cheaper.”

In 2022, about two years after the end of President Trump’s first term, two subsidiaries of the Trump Organization were convicted by a jury in New York of multiple crimes, including tax fraud, falsifying business records and conspiracy. The guilty verdicts on all 17 charged counts came three weeks after Trump declared his 2024 candidacy.

Last month, the Trump Organization sued Capital One in Florida over allegedly “unjustifiably” closing more than 300 of the company’s bank accounts following the Jan. 6, 2021, riot at the U.S. Capitol. The lawsuit claimed Capitol One was acting on “unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views.”

Prior to Trump’s return to the White House, the Trump Organization unveiled a new ethics plan that said it would limit the president’s involvement in management decisions and other aspects of the business while he’s in office.

President Donald Trump (2R), flanked by US Secretary of Commerce Howard Lutnick (L), US Secretary of Treasury Scott Bessent (2L) and White House AI and Crypto Czar David Sacks (R), attends a the White House Crypto Summit in Washington, DC, March 7, 2025. 

Jim Watson | Afp | Getty Images

But crypto is another matter. President Trump and First Lady Melania Trump launched meme coins just before the new term, adding billions of dollars of paper wealth to the family’s net worth.

Eric Trump and older brother Donald Trump Jr. are going even bigger. They recently announced plans to launch a U.S. dollar–backed stablecoin through their new venture, World Liberty Financial, and a new bitcoin mining company called American Bitcoin, co-founded with Hut 8 CEO Asher Genoot.

Eric Trump described his entry into crypto not as a financial bet, but as a form of resistance, and said the move began during what he calls the “war on the industry.” Banks were closing accounts, the SEC was cracking down on exchanges, and crypto users were being “debanked” for simply holding coins, he said.

“They were going after people,” he said. “They were suing everybody. Banks were closing down people that just wanted to own bitcoin.”

That’s when Eric Trump said he started associating with like-minded people in and around crypto.

“At this point, I know almost everybody in the industry in some way, shape or form,” he said. “I fell in love with the industry, you know, a few years ago, and really dove head in.”

At World Liberty Financial, the Trump brothers are backing a stablecoin play aimed at competing with players like Tether. Eric Trump didn’t have a specific answer when asked how the project would stand out in a crowded field, saying only, “We’re gonna do it better, cheaper, faster, and we’re gonna do it with a lot of passion.”

Read more about tech and crypto from CNBC Pro

Meawhile, he’s working with Genoot to stand up American Bitcoin, a new mining venture that aims to scale quickly, and possibly go public.

Genoot told CNBC he connected with the Trump kids through mutual friends and began trading stories about their paths into crypto, leading to a business alliance.

Genoot said the company is being separated from Hut 8’s broader energy and artificial intelligence infrastructure platform.

“We’re actually carving out the majority of our assets,” Genoot said. “We’re putting them into American Bitcoin.”

Eric Trump, who is co-founder and chief strategy officer of American Bitcoin, said “every single sophisticated country is using their excess power to mine bitcoin.”

Though his family is closely linked to the current administration’s pro-crypto stance, Eric Trump said he has no role in policy and no contact with the White House. His dad’s presidency was heavily funded by the crypto industry and, since returning to the White House, President Trump has rewarded his backers, signing an executive order to create a strategic bitcoin reserve, and pardoning Silk Road creator Ross Ulbricht as well as the three co-founders of the BitMEX crypto exchange.

“I don’t have anything to do with government, and frankly, I don’t want anything to do with government,” Eric Trump said.

But he made clear that the U.S. needs a regulatory framework that allows crypto to thrive.

“You better believe that China is running very hard at this. The entire Middle East is running very hard,” he said. “We won the space race. We better win the crypto race.”

WATCH: Eric Trump, Hut 8 CEO outline partnership to launch new bitcoin mining company

Eric Trump, Hut 8 CEO outline partnership to launch new bitcoin mining company: CNBC Crypto World

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Greenlane and Volvo’s bold plan to transform electric truck charging in the US

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Greenlane and Volvo’s bold plan to transform electric truck charging in the US

Greenlane is teaming up with Volvo Trucks North America to make charging heavy-duty electric vehicles (HDEVs) easier and more accessible.

The charging network developer is now integrated into Volvo’s Open Charge service, which gives Volvo customers streamlined access to Greenlane’s public chargers. This collaboration makes Greenlane the first official Charge Point Operator (CPO) in North America to partner with Volvo.

Greenlane is a joint venture between Daimler Truck North America, NextEra Energy, and BlackRock. It’s building a US-wide charging network for heavy-duty commercial vehicles, aiming to reduce costs and simplify switching to electric fleets.

Through Volvo Open Charge, Volvo customers now have real-time access to Greenlane’s network, which means easier access to public charging, centralized billing, and special perks. Fleets won’t have to spend big money on their charging infrastructure. Instead, they can plug into Greenlane’s growing network, which will help cut costs and operational headaches while extending range.

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Patrick Macdonald-King, Greenlane’s CEO, called the partnership “a first-of-its-kind collaboration to deliver public charging solutions tailored to the needs of medium- and heavy-duty fleets.” He said it’s all about making the shift to electric trucks smoother and keeping goods and services moving while progressing toward zero-emissions freight.

Greenlane’s flagship charging site is set to open in Colton, California, in April, with more than 40 publicly accessible chargers for everything from heavy-duty trucks to smaller electric vehicles. It’s part of a larger plan to build a network along the I-15 corridor, with stations roughly 60 to 90 miles apart. Future California locations are planned for Long Beach, Barstow, and Baker.

Greenlane and Volvo will continue integrating new membership features into Volvo Open Charge, such as booking reservations. By letting fleets tap into an existing public network, Greenlane’s services can make the transition to electric trucking less about building infrastructure and more about just getting trucks on the road.

Read more: Greenlane’s flagship electric charging truck stop to open in April


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