Canoo (GOEV) delivers EV pickup for US Army use – which makes sense
EV maker Canoo (GOEV) is on a mission to provide electric vehicles for multiple uses with its flexible Multi-Purpose Platform. Canoo announced today it has officially delivered its Light Tactical Vehicle (LTV) EV based on the platform to the US Army.
Meanwhile, the military implementing electric vehicles can do more than protect the planet from climate change.
Founded in 2017, Canoo has overcome several hurdles in bringing its “use case” EV platform to market.
With nearly $1 billion in investments and over 250 patents, Canoo’s Multi-Purpose Platform was born. Despite the technological advancements, Canoo was running out of funds, expressing “substantial doubt” in its ability to continue operations.
Canoo quickly secured a purchase agreement with Walmart to provide at least 4,500 EVs in exchange for exercisable warranted shares, giving the company a lifeline.
The company’s “Made in America” approach has positioned it well to benefit from the incentives provided by the recently passed Inflation Reduction Act. After choosing a 630,000-square-foot facility in Oklahoma City, Canoo says it’s ready to begin commercial production.
The company’s Multi-Purpose Platform is finding plenty of “use cases” outside of the typical commercial customers.
NASA recently chose Canoo’s proprietary EV platform to transport crew members to the Artemis launch pad. Yet the EV makers platform is capable of more than just transporting from point A to B, as the US Army has given Canoo another opportunity to showcase its technology.
Canoo supplying electric vehicles for the US Army
In July 2022, the US Army tapped Canoo to supply an EV for analysis and demonstration. The partnership comes after the US Army released a new climate strategy in February, including implementing electric vehicles to lower climate emissions.
The American EV maker announced today it has successfully delivered its Light Tactical Vehicle to the US Army, fulfilling its initial contract terms. CEO Tony Aquila commented on the achievement, saying:
The LTV is another milestone proving the power of our technology and how it can be used, even in tactical situations.
Canoo’s LTV comes loaded with an all-wheel drive system delivering up to 600 hp. To support off-road driving, the LTV features a raised suspension, air-springs, and 32-inch all-terrain tires.
Many are wondering – can electric vehicles make a difference?
How the US Military can benefit from deploying electric vehicles
Canoo isn’t the only automaker supplying electric vehicle technology for military use. GM Defense, the advanced defense mobility innovation unit of General Motors, was selected by the Defense Innovation Unit (DUI) to develop a battery pack that can power functional electric military vehicles.
The DIU is a unit of the Department of Defense specializing in “strengthening our national security by accelerating the adoption of leading commercial technology throughout the military.”
Electric vehicles offer benefits over their gas-powered peers. They’re stealthier, more powerful, and have technologically advanced options.
A recent post from the Modern War Institute at West Point highlights the US Military’s need “to take advantage of this electrification trend and follow fast in adopting the best new technologies,” offering insights into the case for electric military vehicles.
- The US Military is the largest institutional consumer of petroleum fuels globally, using up to 4.2 billion gallons of fuel annually.
- Over $9 billion was spent on fuel by the Defense Logistics Agency in 2019 (they pay a premium).
- The price of delivering fuel to remote operations can be as much as $1,000 per gallon.
- Fuel convoys are especially vulnerable to attacks. Between 2003 and 2007, one in eight casualties in Iraq were due to protecting the convoys.
We are seeing examples of how electric vehicles are already winning out over their gas-powered counterparts in the war between Russia and Ukraine. Russian military vehicles sat in a 40-mile-long convoy after a fuel logistics mishap.
Meanwhile, Ukrainian snipers used tactical electric bikes to silently sneak into their target area, engage the enemy, and quickly flee before being spotted.
The examples show electric vehicles may prove to be more beneficial in the military than many assume. EVs can save the military money on maintenance and fuel costs while providing silent, rapid transportation.
Perhaps, more importantly, it will reduce our dependence on foreign fossil fuels, which can be used to start or prolong a war.
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Blink Charging (Nasdaq: BLNK) has struck a deal with Hubject to make charging easier for EV drivers across North America.
The agreement will bring Blink into Hubject’s intercharge eRoaming platform as a charge point operator. That means electric mobility service providers (eMSPs) and their customers in the US, Canada, and Mexico will soon have access to Blink’s charging stations through their existing apps. In turn, Blink drivers will gain better access to stations connected through Hubject’s network.
Hubject, which already connects more than 1 million charging points and 2,750 partners worldwide, expects the integration to strengthen its North American presence by adding Blink’s wide-ranging network of chargers, from Level 2 workplace stations to DC fast charging. Blink, meanwhile, anticipates more customers will plug in, thanks to Hubject’s reach.
“Our collaboration with Blink marks an important step in expanding our North American intercharge network,” said Trishan Peruma, CEO of Hubject North America. “By integrating Blink’s network into our eRoaming platform, we aim to help reduce barriers that have historically complicated EV charging and to support the continued growth of EV adoption across the United States, Canada, and Mexico.”
Blink Charging’s president and CEO Mike Battaglia added, “Connecting the Blink Network to Hubject’s platform will allow more drivers to benefit from interoperable charging while traveling.”
The integration will use the industry-standard OCPI protocol to keep billing and communication between networks secure and reliable. Deployment is planned in phases throughout 2025, with full integration targeted for the end of the year.
Read more: Blink just made it a lot easier to find its charging stations
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Hyundai wants to make the electric sports car for everyone. Not just those who can afford it. The new Hyundai IONIQ 5 N Essentials trim was launched in Korea on Monday, offering a lower price tag but the same thrilling drive.
Hyundai launches new IONIQ 5 N Essentials in Korea
The IONIQ 5 N is Hyundai’s first EV sports car under the IONIQ series. Initially launched in 2023, the IONIQ 5 N marked a new era for Hyundai’s high-performance N division.
Hyundai’s electric hot hatch not only looks the part with added sporty “N” branded elements scattered inside and out, but it’s also packed with fun features, advanced tech, and a host of drive modes.
Based on a dual-motor all-wheel drive (AWD) powertrain, the IONIQ 5 N delivers up to 641 horsepower when N Grin Boost is engaged. Even without it, the electric sports car packs 601 hp.
It also draws power from an 84 kWh battery, good for an EPA-estimated range of 221 miles. On the WLTP scale, it’s rated with an official range of 278 miles (448 km). The added power results in a lower range than other IONIQ 5 trims.
Although it was already one of the most affordable sports cars, EV or gas-powered, Hyundai is lowering the price even further.
After launching the new Essentials model in South Korea on Monday, Hyundai said the new trim “is characterized by lowering the barrier to entry so that customers can experience the overwhelming driving performance of the IONIQ 5 N at a reasonable price through optimized specifications.”
Hyundai focused on core convenience features while including the same high-performance motors, battery, and N-specific elements as the base model.
A Hyundai official said, “The Essential trim of the IONIQ 5 N is a new trim that offers greater cost-effectiveness to lower the barrier to entry for high-performance electric vehicles.”
The IONIQ 5 N features advanced driver assistance systems (ADAS), including highway driving assist and navigation-based smart cruise control. Hyundai has also added an exclusive new “Parking Assist Lite” package, offering safety and convenience features such as surround view monitoring and rear parking assistance.
The new Hyundai IONIQ 5 N Essentials trim starts at 74.9 million won ($54,000), including tax benefits. Hyundai said it will continue to make competitive products so more buyers can experience high-performance EVs.
Although the Essentials trim is not available in the US, the IONIQ 5 N is still more affordable than most sports cars. The 2025 Hyundai IONIQ 5 N starts at $66,200. But, with the $7,500 tax credit, which is set to expire on September 30, leases are currently listed as low as $549 per month.
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A federal judge has cleared the way for Ørsted’s nearly complete 704-megawatt (MW) Revolution Wind offshore wind farm to restart construction, overturning a stop-work order imposed by the Trump administration.
Reagan-appointed senior US District Judge Royce C. Lamberth granted a preliminary injunction in Washington, DC, calling the government’s conduct “the height of arbitrary and capricious government conduct.” He added, “If Revolution Wind cannot meet benchmark deadlines, the entire project could collapse. There is no doubt in my mind of irreparable harm to the plaintiffs.”
Ørsted welcomed the ruling and said in a statement, “Revolution Wind will continue to seek to work collaboratively with the US Administration and other stakeholders toward a prompt resolution. Revolution Wind will resume impacted construction work as soon as possible, with safety as the top priority.”
The decision marks a significant setback for the Trump administration’s attempts to stall offshore wind development. Revolution Wind is already about 80% complete, with all turbine foundations and 45 of 65 turbines successfully installed, and expected to power 350,000 homes in Rhode Island and Connecticut. Earlier this month, the two states’ attorneys general announced they were suing the Trump administration to overturn its “baseless” decision to halt Revolution Wind. That underlying lawsuit challenging the stop-work order will continue to progress.
Oceantic Network CEO Liz Burdock said, “Today’s decision allowing work to resume on Revolution Wind is welcome news for the hundreds of skilled workers who can now return to their jobs while the legal process continues. This Made in America energy project is putting Americans to work building reliable, affordable power to communities across New England that desperately need it.”
Read more: Connecticut, Rhode Island sue Trump to save 80% complete offshore wind farm
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