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Today, we bring you an exclusive first-drive review of the Theron Reever, an electric ATV that could make you stop waiting for the Tesla Cyberquad and set the stage for a new segment being electrified.

Over the last few years, we have seen the wave of electrification taking over the auto industry spilling over to motorsports.

Taiga Motors has been a great example with its electric snowmobile and electric jet ski, and Electrek’s own Micah Toll is constantly testing some new fun battery-powered vehicles.

Now we get to present you with a first step into electrifying a new segment in a serious way: electric ATVs.

There have been a few electric ATVs on the market already, but most of them have not been designed to be electric from the ground up; they are often converted from gasoline-powered ATVs and often with lead-acid batteries.

The Theron Reever is different. The team behind it has designed the ATV from the ground up to be the best ATV possible – to do that these days, you have to do it with a battery-electric powertrain.

Theron Reever

Theron Sport is a small start-up based in Shawinigan, Quebec, founded by engineer Bastien Theron with the goal of bringing an electric ATV to market.

Bastien, along with two partners, built a small team that developed the Reever, which could end up being the first production electric ATV built to be electric from the ground up.

The team is building the ATV itself down to the frame, and it made a point to try to source parts as locally as possible and reduce the reliance on China, where supply chain issues have immobilized many vehicle programs over the last few years.

When touring Theron’s shop, I was impressed by the level of knowledge that Bastien, the CEO and cofounder, had for every single component that was going into the electric ATVs down the wire harnesses.

One of the best examples is Theron’s battery module in the Reever. With the prototype, Theron used modules from a salvaged Tesla vehicle.

Since Tesla has open-sourced its patents, the company had the opportunity to take a lot of inspiration from the Tesla module (left) for its own battery module (right).

Theron is using similar cylindrical li-ion battery cells as Tesla’s and with its battery modules, it is able to put up to 20 kWh of battery capacity in the relatively small form factor that is the Reever ATV.

In comparison, the original Nissan Leaf, a full-size car, had a 24 kWh battery pack.

It’s hard to talk about what kind of range can be enabled with 20 kWh of battery capacity since it completely depends on how you use the ATV, but Theron quotes a range of 180 km (110 miles), which is more than the average ATV rider needs for a whole week.

It’s a two-seater, so whether or not you are alone on the ATV will have a major difference. It also has a towing capacity of up to 1,500 pounds, and it can be used as a workhorse. All those situations will affect your range.

The Theron Reever can be charged on a regular outlet overnight, or if you have a J1772 level 2 charger (like for electric cars), it will be charged up in just three hours.

The ATV’s battery pack powers a 52 kW electric motor that enables a top speed of up to 100 km/h (62 mph), which is probably faster than you ever want to go on an ATV.

Over the last year, Theron has produced several advanced prototypes of the Reever, and several of them are already in the hands of customers. It has an interesting approach to including its early clients in the development process by delivering them prototypes that they test for them. Theron regularly picks those prototypes back up to update them with production parts until they have a full production version of the Reever.

I had the opportunity to play with one of those electric Reever ATV prototypes last weekend and put a first-ride review together.

Here’s my first-ride video review of the Theron Reever electric ATV prototype:

Theron Reever pricing and availability

The company has been mostly operating in stealth mode until now. It is now advanced enough in the development process that it is comfortable taking reservations.

Simultaneously, it is currently in the process of closing a financing round that would finance its production line, which is currently being designed to bring the electric ATV to volume production next year.

You can reserve the Theron Reever for a $450 USD deposit on the company’s website.

The electric ATV starts at $14,000 USD for the version with the 10 kWh battery pack.

If you want the version with a bigger 20 kWh battery pack for more range and energy capacity, you are going to have to pay $17,500.

Both versions can be upgraded with a second motor for an all-wheel-drive powertrain for $4,000 USD.

Based on my discussions with the company, production will be limited to about 100 units in 2023, but the plan is to ramp up significantly from there with the volume production line. It is going to be a first-come, first-served kind of thing.

Electrek’s Take

I am extremely excited about this project. As I have stated before, I am often skeptical of small start-ups in the EV sphere just because of how difficult it is to bring a vehicle to market, but I am more optimistic about projects like this that don’t involve an actual car.

It’s still extremely difficult to bring an ATV to production, but the entire homologation process and regulatory space is an order of magnitude less complicated and expensive to navigate, which greatly increase the chances of success for a project like this one.

Theron is not out of the woods yet, but I like their chances, and I think that they have a good team with the right approach.

After meeting them, it has become clear that they are EV nerds who are also EV enthusiasts, and they want to create the best ATV experience possible with an electric powertrain.

They are currently completely focused on bringing the Reever to production, but there are quite a few cool things to come after that will make the ownership experience even cooler. First off, the company plans to enable Reever owners to turn their ATVs into power stations. You will be able to power most electric tools and devices anywhere using your ATV’s battery packs.

Theron also designed the vehicle to be compatible with accessories that will also be powered by the battery pack, like an electric snowblower and an intelligent trailer.

It’s hard not to get excited by this project. I reserved one, and I can’t wait.

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Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

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Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.

In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.

If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.

With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?

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The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.

At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.

lectric xp 3.0 hydraulic
Previous versions of the Lectric XP e-bike line have seen sky-high sales

Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.

As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.

Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.

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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Logo of the Organization of the Petroleum Exporting Countries (OPEC)

Andrey Rudakov | Bloomberg | Getty Images

U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.

U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.

The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.

The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.

Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.

Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.

“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.

Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.

Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.

Catch up on the latest energy news from CNBC Pro:

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Chicago plans more, and more equitable public charging as EV sales climb

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Chicago plans more, and more equitable public charging as EV sales climb

Electric vehicles’ share of the market continues to climb in America’s second city, with BEV registrations up more than 50% in the first quarter of 2025 compared with the same period last year. Great news, but charging hasn’t up – but a new plan from Chicago Department of Transportation aims to build up enough infrastructure for the city to keep up.

In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.

Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.

“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”

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Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.

“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”

The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.

The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”

Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.

Electrek’s Take

Chicago Drives Electric | ComEd Press Conference
ComEd press conference at Chicago Drives Electric, 2024; by the author.

I hate to sound like a bed-wetting liberal here, guys, but Chicago is getting EVs absolutely right with big utility incentives on both vehicles and infrastructure, a governor willing to stand behind smart environmental policy, and a solid push for more and better infrastructure in the areas where they’ll do the most good. They’re even thinking of the children.

Here’s hoping more cities follow suit.

SOURCE: ComEd, via Smart Cities Dive; featured image by EVgo.

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