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One thing I love about e-bikes is that you have to put them on bike racks less often. Since they propel you significantly faster and farther than an acoustic bike, you are more likely to just ride to the bike path rather than carry the bike there on your car.

That being said, there are definitely times when taking an e-bike on a car rack is needed, and the extra weight and different geometries of an e-bike make them impossible or dangerous to mount with traditional bike racks. That’s where a new breed of bike racks that blur the lines between bike carriers and motorcycle carriers come in. Today we are looking at the Hollywood Destination E-Bike Rack which comes in at a solid $699.99 price point.

First off, the Hollywood Destination E-Bike Rack comes almost completely assembled in the box and only requires a few minutes to tighten some screws and attach some belts. It fits into the 2-inch trailer hitch which I installed on my Tesla Model Y. While it doesn’t offer any pass-through lighting (nor is it legally obligated to) it does offer a myriad of safety features that will keep you from pinching off a finger.

The main thing I notice here is the quality, heavy duty parts, but it is also nice to see very eco-friendly packaging with only a few plastic zip-ties and baggies. With only a few parts to assemble, it becomes less daunting to put it together, and my teenage son and I had it attached to the car in 15 minutes.

You’ll really notice the extra heft vs. a traditional bike rack, even a four-slot acoustic bike rack. At 46lbs, it isn’t trivial to insert into the trailer hitch, but probably my favorite part about this hitch and the biggest upgrade vs. my previous bike rack is the patented “no wobble hitch system.” That is a fancy term for bolt tightener, and it made a big difference vs. my old bike rack, which would wobble when we drove.

The kit also includes an easily storable ramp for getting heavy e-bikes off and on the rack. Below, I am putting the Luna X-2 (which weighs about 42 lbs) on the rack.

To be honest, I’m not going to use the telescoping ramp because I’m able to lift most e-bikes the three feet off the ground onto and off of the rack, but I imagine smaller folks could find this useful. It would also be useful to me with something like a Sur Ron, though technically the rack is only rated for two 70lb bikes. I unofficially tried with two 100lb Juiced e-bikes, and everything seemed fine. But I’d stick to the specifications on medium to long trips.

The tie downs are super easy to affix, but it was extremely tight getting them around those 20-inch, 4-inch wide fat tire ebikes. I don’t think the small radius of these tires was considered in the design, and I hope to see a future bike rack with either closer clamps or longer belts.

While the tie downs would easily keep the bikes on the rack, the Hollywood Destination e-bike Rack comes with two pole clamps that really keep the whole thing still. I particularly like these because they really allow just about any shape and size of bike to work. However, if you have a carbon bike, like the Luna X-2, you’ll want to affix the clamps to the seat post or some other non-carbon part of the bike.

Hollywood Rack – 180 mile trip NYC to Vermont

Like I said before, the “no wobble hitch system” came in clutch here. Together with the clamps, it really made the ride smooth, and it was easy to forget we were hauling heavy e-bikes. Knowing we’d lose some mileage, we drove slower than usual and only incurred about a 10-ish% range hit vs. our normal trip up there.

Hollywood also offers keyed-alike locking frame and seat post clamps locks that give extra peace of mind when stopping at a restaurant on a trip. When bikes aren’t being driven, the rack folds flat agains the back of the car and also folds out easily for access to the back of the car.

Of course, the Hollywood Destination Rack also works great with acoustic bikes, even XL 29-inchers like the Trek Session 8 downhill bike we use in Vermont. It only takes a minute to pop this thing on there and you are ready to hit the mountains.

Electrek’s Take

I know there are some sleeker bike racks out there from Thule and Yakima which cost up to $1000. But the Hollywood Destination 2 E-Bike Rack really inspires confidence at $699 and features a very sturdy, foldable system and smooth travel with the “no wobble”. If that’s too rich for your blood, they offer $599 and $499 models as well.

Hollywood Destination 2 E-Bike Rack specs:

  • Capacity: Two bikes (Max. 70 lbs. per bike)
  • Hitch size: 2” only (Do not use a 1 ¼” – 2” hitch adapter)
  • Includes a 46″ long ramp.
  • Maximum bike wheelbase: 50”
  • Maximum tire width: 4.5”
  • Includes keyed-alike locking hitch pin and locking frame clamps
  • No-Wobble Hitch System” eliminates slack between the receiver and the rack without the use of tools.
  • Folds flat against car when not in use
  • Feature’s “Balanced Tilting” with the pivot point between the 2 bikes, making tilting down for cargo door access as easy as it gets
  • The frame grabbers on this rack can hold step through bikes by the seatpost, therefore Bike Adapters are not needed and should not be used.
  • Includes optional fixed Frame Grabber to use in place of quick release option
  • Space between bikes: 11″
  • Rack weight: 46 lbs.
  • Limited lifetime warranty
  • When using on a seat post requirements: Min. 1″ / Max 2″
  • For step-through bikes: Secure the bicycle by using the racks Frame Grabber around the bikes seat post.
  • 4″ Strap Extension Kits sold separately: STPEXT
  • Not to be used on front hitches
  • Not to be used with any 1-1/4″ – 2″ Adapter
  • Not to be used with any hitch extension longer than 8″
  • Not to be used on any trailer, fifth wheel, or towed vehicle
  • CLASS B RV APPROVED ONLY (NOT APPROVED FOR CLASS A OR CLASS C RVS)

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Saudi Aramco posts drop in quarterly revenues amid lower crude, oil products prices

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Saudi Aramco posts drop in quarterly revenues amid lower crude, oil products prices

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. 

Hamad I Mohammed | Reuters

Saudi Aramco on Tuesday posted a drop in second-quarter revenues, citing lower crude oil and refined chemical products prices that were only partially offset by higher traded volumes.

The world’s largest oil company declared an adjusted net income of 92.04 billion Saudi riyal ($24.5 billion) over the three months to the end of June. The result compares with a forecast of adjusted net income of $23.7 billion, according to an analyst survey estimate supplied by the company.

Second-quarter revenues dropped to 378.83 billion Saudi riyals from 425.71 billion Saudi riyal in the same period of the previous year.

“Market fundamentals remain strong and we anticipate oil demand in the second half of 2025 to be more than two million barrels per day higher than the first half,” Aramco CEO Amin Nasser said in a Tuesday statement accompanying the results.

Crude prices have stayed depressed over the course of the year, barring a brief second-quarter flare-up sparked by Israel-Iran tensions. Futures have been under pressure from an uncertain outlook for demand, exacerbated since April by the rollout of Washington’s wide-spanning tariffs. The protectionist trade measures muddy the picture for growth in the world’s largest economy and the future of the U.S. dollar, which denominates most commodities — including crude oil.

Aramco’s income is set to see a boost from higher output, after Saudi Arabia – and seven other OPEC and non-OPEC partners — complete unwinding 2.2 million barrels per day of voluntary cuts through a last tranche in September. Saudi Arabia most recently produced 9.356 million barrels per day in June, according to independent analyst estimates compiled in OPEC’s Monthly Oil Market Report.

Aramco has increasingly tapped debt markets, with two issuances totalling $9 billion in the second half of 2024 and a three-part bond sale of $5 billion this year.  

Front of mind for investors is the dividend policy at Aramco, which in March slashed investor returns for 2025 to $85.4 billion — down sharply from the $124.2 billion of 2024 — after a first-quarter decline in net profits. Aramco declared a base dividend of $21.1 billion and a performance-linked dividend of $0.2 billion in the third quarter.

The company’s dividend yield stood at 5.5% as of Monday, still ahead of U.S. industry peer Exxon Mobil‘s 3.6% and Chevron‘s 4.5%, according to FactSet data.

Aramco’s payouts ripple sharply into the budget of Saudi Arabia, which has been juggling diversifying its economy away from oil reliance under Crown Prince Mohammed bin Salman’s signature Vision 2030 program. Saudi Arabia’s gross domestic product expanded by 3.9% in the second quarter, boosted by non-oil activities.

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California’s grid gets a record power assist from a 100k home battery fleet

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California's grid gets a record power assist from a 100k home battery fleet

More than 100,000 home batteries across California stepped up as a virtual power plant last week in a scheduled test event, and the results were impressive, according to new analysis from The Brattle Group.

Sunrun was the largest aggregator, Tesla was the largest OEM, and most of the batteries were enrolled
in California’s Demand-Side Grid Support (DSGS) program.

Sunrun’s distributed battery fleet delivered more than two-thirds of the energy during a scheduled two-hour grid support test on July 29. In total, the event pumped an average of 535 megawatts (MW) onto the grid – enough to power over half of San Francisco.

The event, run between 7 and 9 pm, was coordinated by the California Energy Commission, CAISO (California Independent System Operator), and utilities to prepare for stress on the grid during August and September heat waves. And it worked.

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Sunrun alone averaged over 360 MW during the two-hour window. The batteries kicked in right when electricity demand typically spikes in the evening, acting just like a traditional power plant, but from people’s homes.

Brattle’s analysis found that the battery output made a visible dent in statewide grid load, when the power is needed most. “Performance was consistent across the event, without major fluctuations or any attrition,” said Ryan Hledik, a principal at The Brattle Group. He called it “dependable, planning-grade performance at scale.”

The Brattle Group

Residential batteries, Hledik explained, don’t just help shave off demand during critical hours; they can reduce the need for new power plants entirely. “They can serve CAISO’s net peak, reduce the need to invest in new generation capacity, and relieve strain on the system associated with the evening load ramp,” he said.

This isn’t a one-off. Sunrun’s fleet already helped drop peak demand earlier this summer, delivering 325 MW during a similar event on June 24. The company compensates customers up to $150 per battery per season for participating.

Sunrun CEO Mary Powell summed it up: “Distributed home batteries are a powerful and flexible resource that reliably delivers power to the grid at a moment’s notice, benefiting all households by preventing blackouts, alleviating peak demand, and reducing extreme price spikes.”

Read more: The US’s largest virtual power plant now runs on 75,000 home batteries


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Hyundai’s new electric SUV may be heading overseas after all

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Hyundai's new electric SUV may be heading overseas after all

Hyundai’s new Elexio electric SUV, which is built in China, could be sold in overseas markets. The CEO of Hyundai Australia calls it “a promising vehicle” that could help the company regain market share from Tesla, BYD, and others.

Will Hyundai’s new Elexio SUV be sold overseas?

The Elexio SUV is the first dedicated electric vehicle from Hyundai’s joint venture with BAIC in China, Beijing Hyundai.

After unveiling it for the first time in May, Hyundai is preparing to launch the new Elexio in China in the next few weeks.

According to a new report, Hyundai’s new electric SUV could be sold in overseas markets, including Australia. Don Romano, the CEO of Hyundai Australia, told journalists (via EV Central) last week during the launch event for the new IONIQ 9 that the company has done a “terrible job” with its EVs so far.

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“And the only explanation for that is that we haven’t put enough focus into it,” he explained. However, Romano promises the automaker will do better.

Hyundai plans to boost marketing and support its dealership network, which only began selling IONIQ EV models a little over a year ago.

Hyundai's-new-electric-SUV-overseas
The Hyundai Elexio electric SUV (Source: Beijing Hyundai)

In what mostly went under the radar, Romano also suggested the new Elexio SUV could arrive in Australia. “It’s under evaluation now,” he said, adding, “it’s definitely a promising vehicle.”

Despite this, it may have a few hurdles to clear. Hyundai’s Australian boss explained, “I still have work to do to ensure that it’s the right vehicle in the right segment at the right price for our market. And I have not reached that level yet.”

Hyundai-Elexio-EV-interior
Hyundai Elexio electric SUV interior (Source: Beijing Hyundai)

Romano told journalists that a final decision needs to be made “in the next 60 to 90 days,” and to check back in three months when he will have a definitive answer.

Hyundai Australia is also looking to launch the IONIQ 2, a smaller, more affordable EV to sit between the Inster EV and Kona Electric.

Hyundai's-electric-SUV-overseas
Hyundai Elexio SUV (Source: Beijing Hyundai)

Romano said, “It’s a potential opportunity,” but didn’t provide any details. He said, at this point, he’s just glad Hyundai is producing it. “Now I just need to get the details and find out, will it fit into our overall product plan and create enough demand to where it becomes a viable option for us? So my initial thought is absolutely. Yep.” Hyundai Australia’s boss told journalists.

The new EVs would help Hyundai, which has been struggling to keep pace in the transition to electric, compete in Australia and other overseas markets.

Hyundai's-electric-SUV-global-test
Hyundai Elexio electric SUV during global testing (Source: Beijing Hyundai)

As of June 2025, Hyundai has sold only 853 EVs in Australia. In comparison, Tesla has sold 14,146 electric vehicles, and BYD has sold over 8,300. Even Kia is selling more EVs in Australia, with 4,402 units sold in the first six months of the year.

Measuring 4,615 mm in length, 1,875 mm in width, and 1,673 mm in height, Hyundai’s electric SUV is slightly smaller than the Tesla Model Y.

It recently underwent three consecutive crash tests among several other global evaluations, consistently outperforming benchmarks. Based on Hyundai’s E-GMP platform that powers nearly all Hyundai and Kia EVs, the Elexio has a CLTC driving range of up to 435 miles (700 km)

Hyundai is set to launch it in China in the third quarter of 2025. Prices have yet to be announced, but it’s expected to start at around 140,000 yuan ($19,500).

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