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Electric cars are the future. Literally.

Whether you want to go green or not, most of us are going to be driving an EV in the next two decades. Automakers are spending billions retooling factories and revamping their fleets to go most or all-electric in the next ten to 15 years, plans fully endorsed by President Joe Biden who wants half of all U.S. auto sales to be electric vehicles by 2030. That’s a massive goal considering the market, including plug-in hybrids, currently stands at about 3%.

One of the biggest barriers to EV adoption is America’s charging network. There are roughly 136,400 gas stations in the U.S., but just 43,800 EV charging stations, according to the Department of Energy. And it takes about 10 minutes to fill your car with a tank of gas but about 45 minutes to fully charge an EV, sometimes longer.

While Biden has pledged to build out 500,000 charging stations across the U.S. by 2030 as part of his $2 trillion infrastructure plan, we are still a long way from there.

So my producer Harriet Taylor and I decided to put California’s charging infrastructure to the test on an 8-hour road trip from Southern California to San Francisco. California accounted for 9% of EV sales in the first quarter and has the largest charging network in America, so it made sense to start there.

We specifically wanted to test anything other than a Tesla, which has the single-largest charging network in the world with 25,000 global charging stations. You need an adapter to use it, but the benefits and wide availability of Tesla’s charging network are generally well known. 

Charging on the road with any car brand other than Tesla is something you don’t hear much about. 

I admit that even as a “car guy” I had a lot of questions about charging, the new terminology, the speed, potential costs and more. 

We rented a brand new Polestar 2, Volvo’s recent entry into the electric car market, from Enterprise. Most EVs have a range, how far it can drive on a single full charge, of between 100 and 300 miles. The Polestar’s range was advertised at 265 miles, but that can change depending on a variety of things: cold weather, driving up or down hills or using the AC, for instance.

I had driven the Polestar 2 on a brief test a few months earlier so was familiar with it enough to feel comfortable on a long drive.  

CNBC

We drove about 60 miles from Enterprise to our first stop at Mountain Pass, Calif., about 15 miles from the Nevada border in the “high desert” at around 5 p.m. on a Tuesday night at 105 degrees.

We had to remove a metal cover from a power outlet at the mine but then we were able to plug in and get to 100% before setting off.

Two initial takes after just a few miles: One, its easy to get anxious by staring at the giant “percent charged” screen (so we turned it off) and two, we had to download a bunch of apps as we learned to navigate the new “range world.”

Source: CNBC

Our go-to became PlugShare, which shows you where charging stations are regardless of who owns them, which network it was on, how fast it took to charge, whether its currently available and, hopefully, a picture so you can see what you’re getting into. 

PlugShare became a favorite because it was brand-agnostic and customers left reviews of their experience. Those reviews were valuable, because we found that many chargers weren’t nearly as fast as advertised and some just didn’t work or were in weird locations.  

The Polestar also has Google map integration that shows charging stations along the route as well as your projected percent charge when you arrived.  We found the charging forecast very accurate, but we think Google could improve the experience by filtering by types of chargers (we had Tesla envy as their stations popped up everywhere).

Stop 1: Electrify America at a Walmart

We rolled into our first stop at a Walmart in Barstow, Calif. It was an Electrify America location, and they had about eight chargers. Only one was occupied — by an Audi eTron — and so we plugged in, hitting the store for the facilities and, honestly, just to walk around in the air conditioning (did we mention it was hot, hot, hot?!). 

Charging took 37 minutes and cost us $13.33.

Brian Sullivan using a charging station in Sunnyvale
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Now, off to Bakersfield.

The drive along Route 58 was fascinating. We passed one of the airplane storage fields along with the Alta Wind Energy Center, one of the biggest wind energy facilities in the world.   It was a gorgeous drive at sunset coming down the mountain with lots of hills along this route. 

Hills matter for the Polestar 2 in two ways: first, up hill seems to burn more charge as the car is under load pulling its own weight up hill, but going down is a win because the car has a system that generates power by slowing the car without braking. So once you get the hang of it, you almost never touch the brake pedal and produce some power while you do it.

Stop 2: The Hampton Inn

We rolled into Bakersfield at 18% charge after covering 135 miles and plugged into Chargepoint system at the Hampton Inn. It only had two plugs but we were the only car there and the night manager said he’s actually never seen anyone use it. It was slow, but free, and we left with an 89% charge about 10 hours later.

The long, boring and hot (did we mention it was hot?) drive straight up I-5 through the breadbasket of California was next.  Harriet had a 4 p.m. flight out of San Francisco airport so we were on a bit of a tight schedule and had to leave time to charge.

Pro tip: when planning a trip, it helps to be relatively good at math to help calculate various charging time scenarios.

Source: CNBC

Stop 3: Electrify America at Shell gas station

The various apps showed us the best possible stop was in Firebaugh, about 140 miles up the road.  There looked to be a few fast food joints and places to get a coffee. And that’s pretty much all it was.  Our Electrify America plug was at a Shell gas station (as many seem to be) with a small convenience store.

Source: CNBC

We grabbed some water and just, well, stood around. It took us 41 minutes and cost $21.93 to get to an 87% charge, and we enviously eyed the Tesla network across the road, where drivers charged more quickly and had shade from the stations’ roof (did we mention how hot it was?).  We went back in to buy sunscreen.

Now, the final leg.  Firebaugh to the San Francisco International airport. Or not. The car’s software indicated we would hit SFO with a meager 5% charge. And since I was continuing on to the city, it wouldn’t be enough. We would have to stop again.  Annoying, but not the end of the world given that we were going to be hungry and we were rolling into Silicon Valley, where charging stations are as plentiful as garlic in Gilroy.  We found a charger near a ramen joint and powered up both ourselves and the car.

I dropped Harriet off at the airport and finished the short ride into the city, arriving near the CNBC studio with a solid 42% charge and a lot of curious looks from drivers wondering what kind of car it was.

Pro tip #2: Because of the hills, SF is the perfect place for the Polestar 2 and its regenerative braking!  

Final thoughts

A long road trip in an EV right now is not impossible, but it’s not ideal. Yes, we know that something like 95% of trips by car are short hops along the same routes: Work, school, store, repeat. 

Electric cars may be the future, but the future needs to speed up. And by that, we mean charging speeds have got to accelerate as quickly as the Polestar 2 at a green light: 45 minutes every 200 miles or so won’t cut it for any family looking to make a longer road trip.

We didn’t see a shortage of charger. Even in the desert we found chargers to use.  There is, however, a shortage of chargers in places you really want to stop. Ultimately, I think the EV play is less about cars and more about real estate.

The more EVs on the road, the more charging stations that will be needed. There’s not a lot of demand for them right now, so charging ports were plentiful on our trip. But just think of 20 cars sitting for 45 minutes or more at a time at a single charging station. That takes up a lot of time and space.

For most people, a new car needs to have utility 100% of the time. Based on this trip, it’s not clear we are there yet. 

CNBC’s Michael Wayland contributed to this article.

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Trump to shut down all 8,000 EV charging ports at federal govt buildings

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Trump to shut down all 8,000 EV charging ports at federal govt buildings

The Trump administration is shutting down EV chargers at all federal government buildings and is also expected to sell off the General Services Administration‘s (GSA) newly bought EVs.

GSA, which manages all federal government-owned buildings, also operates the federal buildings’ EV chargers. Federally owned EVs and federal employee-owned personal EVs are charged on those 8,000 charging ports.

The Verge reports it’s been told by a source that plans will be officially announced internally next week, and it’s seen an email that GSA has already sent to regional offices about the plans:

“As GSA has worked to align with the current administration, we have received direction that all GSA-owned charging stations are not mission-critical.”

The GSA is working on the timing of canceling current network contracts that keep the EV chargers operational. Once those contracts are canceled, the stations will be taken out of service and “turned off at the breaker,” the email reads. Other chargers will be turned off starting next week.

“Neither Government Owned Vehicles nor Privately Owned Vehicles will be able to charge at these charging stations once they’re out of service.” 

Colorado Public Radio first reported yesterday that it had seen the email that was sent to the Denver Federal Center, which has 22 EV charging stations at 11 locations.

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The Trump/Elon Musk administration has taken the GSA’s fleet electrification webpage offline entirely. (An archived version is available here.)

The Verge‘s source also said that the GSA will offload the EVs it bought during the Biden administration, although it’s unknown whether they’ll be sold or stored.

Read more: Trump just canceled the federal NEVI EV charger program


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Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

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Hackers steal .5 billion from exchange Bybit in biggest-ever crypto heist

Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023. 

Joseph Nair | Bloomberg | Getty Images

Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.

The attack compromised Bybit’s cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether, were quickly transferred across multiple wallets and liquidated through various platforms.

“Please rest assured that all other cold wallets are secure,” Ben Zhou, CEO of Bybit, posted on X. “All withdrawals are NORMAL.”

Blockchain analysis firms, including Elliptic and Arkham Intelligence, traced the stolen crypto as it was moved to various accounts and swiftly offloaded. The hack far surpasses previous thefts in the sector, according to Elliptic. That includes the $611 million stolen from Poly Network in 2021 and the $570 million drained from Binance in 2022.

Analysts at Elliptic later linked the attack to North Korea’s Lazarus Group, a state-sponsored hacking collective notorious for siphoning billions of dollars from the cryptocurrency industry. The group is known for exploiting security vulnerabilities to finance North Korea’s regime, often using sophisticated laundering methods to obscure the flow of funds.

“We’ve labelled the thief’s addresses in our software, to help to prevent these funds from being cashed-out through any other exchanges,” said Tom Robinson, chief scientist at Elliptic, in an email.

The breach immediately triggered a rush of withdrawals from Bybit as users feared potential insolvency. Zhou said outflows had stabilized. To reassure customers, he announced that Bybit had secured a bridge loan from undisclosed partners to cover any unrecoverable losses and maintain operations.

The Lazarus Group’s history of targeting crypto platforms dates back to 2017, when the group infiltrated four South Korean exchanges and stole $200 million worth of bitcoin. As law enforcement agencies and crypto tracking firms work to trace the stolen assets, industry experts warn that large-scale thefts remain a fundamental risk.

“The more difficult we make it to benefit from crimes such as this, the less frequently they will take place,” Elliptic’s Robinson wrote in a post.

WATCH: Crypto stocks plunge

Crypto stocks plunge despite SEC dropping suit against Coinbase

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Ford Mustang Mach-E is heavily discounted, you can even lease it for less than a Toyota Camry

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Ford Mustang Mach-E is heavily discounted, you can even lease it for less than a Toyota Camry

Ford is offering big savings opportunities right now on its electric vehicles. The Ford Mustang Mach-E can be leased for less than a Toyota Camry in some places despite costing over $10,000 more. Here’s how you can snag some savings.

Ford’s Mach-E is cheaper to lease than a Camry right now

With over 51,700 models sold in 2024, Ford’s Mustang Mach-E was the third best-selling EV in the US behind the Tesla Model Y and Model 3.

The electric Mach-E even outsold the gas-powered Mustang for the first time last year. To keep up with new models like the Honda Prologue and the 2025 Hyundai IONIQ 5, Ford introduced big discounts at the start of the year.

Ford extended its “Power Promise” program in January, offering all EV buyers a free Level 2 home charger. The company will even cover the cost of standard installation. If you already have a home charger, Ford will give you a $1,000 charging credit.

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According to online car research firm CarsDirect, the savings don’t stop there. Through March 31, the 2024 Ford Mustang Mach-E can be leased for as little as $229 for 24 months in Southern California.

Ford-Mach-E-lease-Camry
Ford Mustang Mach-E at a Tesla Supercharger (Source: Ford)

With $4,329 due at signing, the effective cost is just $409 per month. The deal is for the base 2024 Mach-E Select with an MSRP of $39,995 and includes a $7,750 lease cash bonus.

In comparison, the 2025 Toyota Camry Hybrid LE (MSRP $28,400) is listed at $299 for 39 months and $3,598 due upfront, for an effective rate of $391 per month.

Ford-Mach-E-lease-interior
2024 Ford Mustang Mach-E interior (Source: Ford)

Although that’s slightly less than the Mach-E, if you factor in Ford’s other incentives, it’s actually much cheaper. In addition to the $1,000 charging credit, Ford is offering current Tesla owners $1,000 in conquest bonus cash, which can be applied to the purchase or lease of a new vehicle.

The $2,000 in savings brings the effective monthly lease rate to just $326 per month. That’s even $10 cheaper than a 2025 Toyota Corolla LE with an MSRP of just $22,325, or over $17,500 less than the Mustang Mach-E.

Ford-Mach-E-lease-Camry
2025 Ford Mustang Mach-E (Source: Ford)

Alternatively, Ford is offering the 2024 Ford Mustang Mach-E for 0% APR for 72 months plus $2,500 in bonus cash.

Ford also introduced new incentives on the F-150 Lightning last week. The 2024 F-150 Lightning now features a nationwide 0% financing for 72 months offer with additional savings of up to $5,000 off MSRP.

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

The new Flash trim now features an up to $3,000 retail cash bonus, XLT and Lariat trims get up to $4,000, and the Platinum model gets a $5,000 bonus.

Ford’s electric pickup is eligible for the $1,000 Tesla Conquest bonus and public charging credit offer. Ram owners can snag an extra $2,000 from a serperate conquest program.

If you’re ready to test drive Ford’s electric vehicles for yourself, we can help you get started. You can use our links below to find Ford F-150 Lightning and Mustang Mach-E models at a dealer near you.

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