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There she goes again. In recent years, General Motors Chair and CEO Mary Barra has shaped the automaker into a renewable energy influencer with an impact on the US energy landscape that extends beyond the factory walls. Apparently she was just getting started. The company has just announced a new carbon-cutting initiative that sets a 100% renewable energy goal by 2025. Yes, 2025. Not 2035, or even 2030. It’s 2025 or bust.

Coming from one of the top industrial employers in the US, the announcement validates President Biden’s ambitious climate goals even as Republicans in Congress continue to hit the kill switch on climate action.

GM Hearts Renewable Energy For Everybody

Barra doesn’t get nearly as much publicity as some other auto industry execs, so before we get into her latest renewable energy plan, let’s take a quick look back at the renewable energy theme she has established for GM.

The basic premise is pretty simple. Rather than focusing on renewable energy projects that only benefit the company’s carbon profile, GM is part of a broader corporate movement to spur renewable energy investments that provide whole-of-economy benefits and influence consumer behavior. Cutting costs for everyone while increasing access and improving reliability across the grid are the end goals.

In 2016 GM joined the global RE100 clean power collaborative and another big step occurred in 2019, when the company became a founding member of the Renewable Energy Buyers Alliance, a US organization that leverages corporate purchasing power to accelerate economy-wide decarbonization.

The initial REBA goal was 60 gigawatts of new renewables by 2025. GM helped get the ball rolling in 2019 by putting in for the equivalent of 300,000 megawatt-hours in new wind energy through the Michigan utility DTE.

In a convo with CleanTechnica that year, Rob Threlkeld, GM’s global manager of Sustainable Energy and Supply Reliability, explained that the DTE deal reflects the tandem transformation of both the auto industry and the utility industry, and the adaptation of consumers to the new energy landscape.

Renewable Energy & Consumer Behavior

When the topic turns to the auto industry, the new energy landscape, and consumer behavior, attention naturally turns to electric vehicle charging.

GM had EV charging and consumer behavior on the top of its mind when it introduced the Chevy Volt gas-electric hybrid in 2010. The Volt enabled car buyers to dip a toe in the 100% EV experience while clinging to the safety net of a gas tank at a time when battery technology was limited and charging stations were relatively scarce.

More recently GM has begun pivoting to a 100% EV future, and that doesn’t just mean selling the cars. Providing consumers with access to both charging stations and renewable energy is a key part of GM’s plan.

In 2020, for example, GM announced a new 500,000 megawatt-hour solar energy commitment through DTE, and it hooked up with the company EVgo to install more than 2,700 public fast charging stations around the country. Earlier this year GM also inked a deal to splash digital EV advertising all over Volta charging stations in key markets, aimed at reaching 70 million potential car buyers.

More Renewable Energy For The Clean Car Of The Future

GM’s triple-whammy approach of electric cars, renewable energy, and charging stations is getting picked up by utilities that are eager to sell more kilowatts. The gigantic utility Xcel Energy, for example, has just established a new incentive program to encourage its ratepayers to buy more electric vehicles.

The problem is that Excel’s stable of power plants still runs on a heavy dose of fossil energy, and that’s where the new GM renewable energy initiative comes in.

Today’s 100% clean power announcement by GM includes a partnership with the carbon tracking and energy management firm TimberRock. The idea is to leverage energy storage and variable demand to squeeze the maximum amount of renewable energy available on the grid for GM facilities.

In addition, GM expects to expand the carbon tracking feature to its electric vehicles. That will enable the company to prioritize its renewable energy purchasing activity for maximum impact on EV charging.

EV carbon tracking is a key new element in the climate action game, because Xcel is not alone. The US grid is still very much in a transitional period, with a heavy reliance on natural gas and coal for power generation. The very success of the EV revolution could bog down decarbonization goals in a sea of juiced-up demand for kilowatts as millions of EVs hit the road and plug into charging stations.

If all goes according to plan, the TimberRock partnership will help dampen the impact of EV sales on power plant emissions by enabling GM to target its power purchases strategically, in order to help ensure that EV battery charging takes maximum advantage of renewables on the grid.

GM’s work with TimberRock dates back to 2011, when the two companies paired to build a lone solar-powered EV charging station at General Motors’ Allison Transmission Plant in Maryland. The new carbon tracking partnership takes that relationship into next-level decarbonization territory.

GM Comes Out Swinging For Renewables

As for the timing of the announcement, it follows on the heels of a salvo that GM fired off on Tuesday, apparently aimed at Republican obstructionists in Congress and the two Democratic holdouts against President Biden’s climate action plans.

“General Motors applauds those who have worked tirelessly to advance the Build Back Better Plan, including the Bipartisan Infrastructure Framework, and urges Congress and the Administration to move forward legislation that will bring critical improvements to the country,” GM wrote.

GM also gently reminded legislators that the end goal of decarbonization is to fend off catastrophic climate change.

“General Motors believes we can help create a world that is safe and sustainable, where future generations can thrive,” the company wrote, while taking note of its plans to “achieve a clean and equitable transition to an all-electric future.”

“But we can’t do it alone,” GM warned, underscoring the need for strong federal action.

Placing itself firmly in the camp of President Biden, the company concluded that “General Motors looks forward to joining the President, Congress and the American people in celebrating enactment of legislation that creates a pro-growth, pro-jobs and pro-sustainability future.”

Whelp, Here’s To Going It Alone

In another interesting bit of auto industry timing, earlier this week Ford also unleashed a massive, history making new EV manufacturing and workforce training announcement that supports the President’s plan for rapid decarbonization and new green jobs. The Ford announcement includes a vast new carbon neutral campus in Tennessee, powered partly with local renewable energy.

Together, the GM and Ford announcements put more pressure on legislators to act.

That could be too little, too late. Democrats in the House of Representatives have a sufficient majority to pass legislation, but the Senate is a different story.

The likelihood of getting enough Republican Senators on board to break a filibuster is unicorn-level small. Democrats could still manage to make some progress by exercising their slim 51-vote majority through the reconciliation process, except as of this writing they can only count on 49 votes.

For those of you not following the news, the two Democratic holdouts are West Virginia Senator Joe Manchin and Arizona Senator Kyrsten Sinema.

I know, right? Well, that’s the way the Senate works. If voters in other states vote out their Republican senators and replace them with Democratic senators who support Democratic presidents, the names Manchin and Sinema would quickly fade into the dustbin of history. As things stand, they appear destined to join the climate obstruction hall of fame right alongside the usual suspects.

Meanwhile, Ford and GM seem determined to follow through on their EV and renewable energy plans no matter what Congress does, though both companies are members of the corporate organization Business Roundtable, which is reportedly lobbying against the reconciliation bill.

Go figure! If you have any thoughts about that, drop us a note in the comment thread — and stay tuned for word on Stellantis, the third member of the Big 3 legacy auto-making club.

Follow me on Twitter @TinaMCasey.

Photo: Chevy Bolt EV by Tina Casey.

 

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Robinhood is up 160% this year, but several obstacles are ahead

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Robinhood is up 160% this year, but several obstacles are ahead

Florida AG opens probe into Robinhood. Here's the latest

Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.

Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.

The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.

For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.

Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.

Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.

“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.

The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.

Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.

“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.

Robinhood CEO Vlad Tenev explains 'dual purpose' behind trading platform's new crypto offerings

Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.

Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.

Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.

It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.

Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.

With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.

Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.

The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.

An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.

OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.

JPMorgan announces plans to charge for access to customer bank data

“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.

“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.

The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.

“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”

Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.

“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”

SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.

Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.

The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.

WATCH: Watch CNBC’s full interview with Robinhood CEO Vlad Tenev

Watch CNBC's full interview with Robinhood CEO Vlad Tenev

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Hyundai and Kia are betting on lower-priced EVs to ride out tariffs

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Hyundai and Kia are betting on lower-priced EVs to ride out tariffs

Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?

Hyundai and Kia shift to lower-priced EVs

Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.

In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.

The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.

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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”

Hyundai-Kia-lower-priced-EVs
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)

The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.

Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.

Hyundai-Kia-lower-priced-EVs
Kia Concept EV2 (Source: Kia)

More affordable electric cars are on the way

Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.

The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.

Hyundai-Kia-lower-priced-EVs
Kia EV3 (Source: Kia)

Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.

Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).

Hyundai-Kia-lower-priced-EVs
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)

According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.

Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”

Hyundai-Kia-lower-priced-EVs
2025 Hyundai IONIQ 5 (Source: Hyundai)

Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.

After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.

While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.

Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.

Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.

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Blink Charging just threw a lifeline to EVBox Everon customers

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Blink Charging just threw a lifeline to EVBox Everon customers

As EVBox shuts down its Everon business across Europe and North America, EV charging provider Blink Charging is stepping up to offer support to customers caught in the transition.

EVBox’s software arm Everon recently announced it’s winding down operations alongside EVBox’s AC charger business. That’s left a lot of charging station hosts and drivers wondering what comes next. Now, EVBox Everon is pointing its customers toward Blink as a recommended alternative.

Blink says it’s ready to help, whether that means keeping existing chargers up and running or replacing aging gear with new Blink chargers.

“EVBox has played a significant role in the growth of EV charging infrastructure across the UK and Mainland Europe, and we recognize the trust hosts have placed in its solutions,” said Alex Calnan, Blink Charging’s managing director of Europe. “With the recent announcement of Everon’s withdrawal from the EV charging market, it’s natural to have questions about what this means for operations. At Blink, we want to assure Everon customers that we are here to help them navigate this transition.”

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Blink says it’s able to offer advice, replacements, and ongoing network management to make the changeover as smooth as possible.

Everon users who switch to Blink will get access to the Blink Network portal via the Blink Charging app. That opens up real-time insight into charger usage and lets hosts set pricing, manage users, and download performance reports.

“At Blink, our charging technology is future-ready,” added Calnan. “With advancements like vehicle-to-grid technology on the horizon, our chargers are built to support the future of electric vehicles and charging habits.”

The company says its chargers are in stock and ready to ship now for any Everon customers looking to make the jump.

In October 2024, France’s Engie announced it would liquidate the entire EVBox group, which it said posted total losses of €800 million since Engie took over in 2017. EVBox is closing its operations in the Netherlands, Germany, and the US.


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