Formula E’s faster Gen3 car starts season 9 Saturday in Mexico City
Formula E is back for the start of season nine this weekend at the high-altitude Autodromo Hermanos Rodriguez in Mexico City.
The season includes the new faster, lighter, and much more angular Gen3 car, new tracks, and more.
This is the first time Formula E has opened a season in Mexico City, with the last four seasons being launched in Diriyah, Saudi Arabia. Unlike the last few seasons, the opening race is not a doubleheader this time around – there will only be one race, on Saturday, so if you wait until Sunday to tune in, you’ll miss the live action.
At nearly 2,300m/7,500ft altitude, Mexico City’s track provides an excellent demonstration of the strengths of electric drive. Combustion vehicles that race there have to contend with thinner air, which means less efficient combustion and lower engine power. With electric drive, this isn’t a worry – electric motors work equally well at any elevation.
New car
The most exciting change this year is the new car, which is a big change from last year’s car. The Gen3 spec looks very different than before, with a much more angular look.
They’re also smaller in every dimension – length, width, wheelbase, height, and most importantly weight. Smaller cars mean there’s more room on the track, which can potentially mean more overtakes on track. Smaller, lighter cars also perform better, since there’s less weight to push around in turns or during acceleration or braking.
But the biggest and most interesting change is in the powertrain. In addition to a boost to 350kW of power (as compared to 250kW in Gen2) and top speed of 200mph, the Gen3 car also has an additional 250kW front motor specifically for regenerative braking. This makes the Formula E Gen3 car the first Formula car to have both front and rear powertrains.
This means the car is capable of regenerating up to 600kW of power under braking, more than double what it could last year. So the cars will be more efficient and, therefore, able to go further and faster.
In fact, there’s so much energy recovery available from the motors that the car won’t even have rear brakes. Instead of rear friction brakes, the car relies only on its 350kW motor for rear braking. It still has front friction brakes, given that the front axle does the majority of work during braking due to load transfer, but the front brakes won’t need to be as large since they’re backed up by the front motor.
That said, these two powertrains do not make the Gen3 car an all-wheel drive vehicle. Like other formula cars, it still gets all of its acceleration power from the rear axle. But theoretically it would be possible to move to all-wheel drive without a significant car redesign, so we wonder if that might be in the Gen3 car’s future.
That power now goes through Hankook instead of Michelin tires, as Formula E has changed tire suppliers for the first time. But the tires will remain all-weather, treaded tires, suitable for street racing even in wet(-ish) conditions, rather than racing slicks like most racing cars use, which offer much better grip in dry conditions. So between a more powerful rear motor and all-weather tires, Formula E cars will continue to be squirrelly on corner exit, testing driver skill at every turn.
So there isn’t that much of a change in balance during acceleration, but the new car should offer a totally different braking experience, which will take the drivers some time to get used to, especially the first time they take to the track in anger this weekend. We expect some interesting passing opportunities in the early half of the season.
That 600kW of total system regenerative braking capacity is relevant in another way, too. The car’s battery is capable of up to 600kW DC quick charging. Not only does this get used in the race by the braking system, but Formula E plans to add mid-race charging pit stops this year.
In races with these pit stops, the series will require that every driver make a short charging stop, and doing so will unlock activations of “attack mode,” a higher power mode which gives the cars a boost in energy for a few minutes at a time. This change should add more passing and dynamism to the race, while also demonstrating 600kW charging, twice the speed of the fastest consumer chargers.
All of this put together resulted in cars going about half a second faster around the test track in Valencia during pre-season testing last month, part of which was in wet conditions, which meant teams didn’t get as many dry laps as they’d like. While half a second doesn’t sound like a lot, it’s quite a bit in racing – and it’s also a comparison between an outgoing powertrain and an incoming one.
Whenever technology changes happen, it takes a while for teams and drivers to get used to them, and for changes this significant, we can imagine there will be quite a learning curve. We wouldn’t be surprised if the cars end up even faster after shaking out the new technology through the rest of the season.
New tracks
The race calendar is the biggest change we’ve seen in a while, with four new circuits that Formula E has never raced on before: Hyderabad, India; Cape Town, South Africa; São Paulo, Brazil; and Portland, Oregon.
As with other Formula E seasons, particularly during the time of COVID, the calendar is subject to change. Previously the series planned to race again in Seoul, South Korea, which closed out the last season of racing. But that race had to be cancelled due to renovations and was replaced by Cape Town. But the four new circuits still need to be certified by the FIA for race preparedness, so it’s entirely possible we will see some changes to the calendar.
Hyderabad will host the first Formula E race in India, home of Mahindra racing, a longstanding fan favorite team in the series. Cape Town isn’t the first time Formula E has visited Africa – but the other visits have been in North Africa, so it’s the first sub-Saharan site the series has visited. São Paulo is the first time Formula E has visited race-obsessed Brazil, a country with a long history and rabid fanbase in motorsport, though the series has visited nearby Uruguay, Argentina, and Chile many times. And Portland will be the fourth location in the United States that has seen a Formula E race, behind Long Beach, Miami and New York. We’ve now seen one race in each corner of the United States. (Sorry middle America – you’re next perhaps?)
Other changes
One long-awaited rule change, at least amongst motorsport fans, is the end of FanBoost.
FanBoost was conceived in the original season of Formula E as a way to drive fan engagement. Fans could vote for their favorite driver on social media and the top three drivers would get a short boost of power they could use at any point during the race.
While it rarely had a big effect on racing, especially in recent years as the boosts got shorter, many motorsport fans immediately dismissed the series thinking that FanBoost sullied the purity of it all (as motorsport fans are wont to say about … almost everything).
As happens every season and even mid-season, drivers have shifted from team to team and even the teams have made some shifts as well.
Defending champion Stoffel Vandoorne, who won last year with Mercedes, has shifted to DS Penske (formerly DS Techeetah), alongside two-time champion Jean-Eric Vergne. Mercedes was last year’s constructor’s champion, but they have left the series, and their team is now in the hands of McLaren.
In addition to McLaren taking over for Mercedes, we’ve had other team changes as well. Nissan has taken full ownership of the e.dams team, the ABT team is back with the help of Cupra after missing last year due to ending their relationship with Audi, DS has cut ties with Techeetah and partnered with Penske instead, and Maserati has taken over the ROKiT Venturi team in their first return to racing as a constructor since the 1950s.
Several drivers have shifted teams or departed the series (including veteran and longtime EV advocate Alexander Sims, who we’re sad to see go). But we want to focus on the two new drivers: Sacha Fenestraz and Jake Hughes.
Fenestraz participated in the very last race of last season (taking over for Giovinazzi after a hand injury), so he’s essentially a rookie this year. He’s a French former Formula Renault Eurocup champion and has been a Formula E reserve driver for Jaguar for the last few seasons.
Hughes has raced in several series, and is a former champion of the BRDC Formula 4, now known as the GB3 championship, which is the top single-seater racing category in Britain, where Hughes hails from. He served as a reserve and development driver for Mercedes’ team for the last two seasons and will start racing this weekend, with McLaren.
The racing starts on Saturday January 14 at 2:00 pm local Mexico City time, which is noon Pacific Time, 3:00 pm Eastern and 8:00 pm UTC. The race will be aired on CBS Sports Network in the United States (though it looks like it will be shown delayed at 11:30 pm Eastern). Practice sessions will be streamed on YouTube.
If you’re not in the United States, you can check the Formula E website for ways to watch in your country. If you can’t find a way to watch the race live, Formula E usually uploads race highlights to their youtube channel within days, though we don’t know whether they’ll be posting full races on there as this seems to change season to season.
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Environment
Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
The Phillips 66 Company’s Los Angeles Refinery in California.
Bing Guan | Reuters
The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead.
Goldman Sachs on Thursday reduced its December 2025 forecasts for global and U.S. benchmarks Brent crude and WTI by $5 to $66 and $62 a barrel, respectively, “because the two key downside risks we have flagged are realizing, namely tariff escalation and somewhat higher OPEC+ supply.”
The bank also cut its forecasts for the oil benchmarks in 2025 and 2026, adding that “we no longer forecast a price range, because price volatility is likely to stay elevated on higher recession risk.” Analysts at S&P Global Market Intelligence predict that in a worst-case scenario, global oil demand growth could be slashed by 500,000 barrels per day.
JPMorgan, for its part, raised its recession odds for the global economy to 60% for this year, up from a previous forecast of 40%.
Markets were therefore stunned when OPEC, which produces about 40% of the world’s crude oil — along with its non-OPEC allies that together comprise OPEC+ — chose not only to go ahead with its previously held plans to increase oil production, but also to nearly triple the expected increase figure.
Eight key OPEC+ producers on Thursday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their scheduled hikes and pushing down oil prices. The group — Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman — was widely expected to implement an increase of just under 140,000 barrels per day next month.
The news pushed oil prices 6% lower.
OPEC+ bullishness and appeasing Trump
Several factors underpin the oil-producing alliance’s decision. One is that the group is bullish on oil demand later in the year, putting it firmly in the minority as investor outlooks sour and fears of a global slowdown worsen.
The eight OPEC+ members behind the production decision cited “the continuing healthy market fundamentals and the positive market outlook” in their statement Thursday, saying that “this measure will provide an opportunity for the participating countries to accelerate their compensation.”
The statement added that “the gradual increases may be paused or reversed subject to evolving market conditions.”
Another likely reason for the group’s move has to do with another T-word: the man in the White House, who during his first term in office and from the very start of his second, has loudly demanded that the oil producer group pump more crude to help bring down prices for Americans.
“First of all, this is partly about appeasing Trump,” Saul Kavonic, head of energy research at MST Marquee, told CNBC’s Dan Murphy on Friday.
“Trump will be putting pressure on OPEC to reduce oil prices, which reduces global energy prices, to help offset the inflationary impact of his tariffs.”
OPEC officials have denied that the move was made to appease Trump.
Compliance and market share
Meanwhile, as compliance is a major issue for OPEC+ — with countries overproducing crude beyond their quotas, complicating the group’s efforts to control how much supply it allows into the market — the move could be a way to enforce that, according to Helima Croft, head of global commodity strategy and MENA research at RBC Capital Markets.
“We think a desire by the OPEC leadership to send a warning signal to Kazakhstan, Iraq, and even Russia about the cost of continued overproduction underlies the decision.”
Helima Croft
head of global commodity strategy and MENA research at RBC Capital Markets
“We think a desire by the OPEC leadership to send a warning signal to Kazakhstan, Iraq, and even Russia about the cost of continued overproduction underlies the decision,” Croft wrote in a note published Thursday. She referenced the March 2020 oil price war, when Saudi Arabia flooded the market with supply to tank oil prices and forced Russia back into compliance after Moscow initially refused to curb production to help the alliance stabilize prices. The price war caused Brent crude prices to go as low as $15 a barrel.
The production increases are also “an example of OPEC increasing their market share,” Kavonic said, adding that it “ultimately does come at the expense of the United States [shale] patch,” which U.S. producers likely will not be too thrilled about.
What happens next?
OPEC+ appears confident about the market turning a corner in the coming months on the assumption that oil demand will increase in the summer and the tariff wars will be resolved in the coming months, said Nader Itayim, editorial manager at Argus Media.
“These countries are largely comfortable with the $70, $75 per barrel band,” Itayim said.
What comes next depends on the trajectory of the tariffs and a potential trade war. Oil dropping into the $60 range could force pauses or even a reversal in OPEC+ production increase plans, analysts say – although that is likely to be met with resistance from countries like Iraq and Kazakhstan that have long been itching to increase their oil production for their own revenues.
Whatever happens, the group maintains the flexibility to adapt its plans month by month, Itayim noted.
“If things don’t quite go the way they imagine, all it does take, really, is a phone call.”
According to a Tesla Semi customer, the electric truck program is suffering more delays and a price increase that is described as “dramatic.”
Tesla Semi has seen many delays, more than any other vehicle program at Tesla.
It was initially unveiled in 2017, and CEO Elon Musk claimed that it would go into production in 2019.
In late 2022, Tesla held an event where it unveiled the “production version” of the Tesla Semi and delivered the first few units to a “customer-partner”: PepsiCo.
More than 3 years later, the vehicle never went into volume production. Instead, Tesla only ran a very low volume pilot production at a factory in Nevada and only delivered a few dozen trucks to customers as part of test programs.
But Tesla promised that things would finally happen for the Tesla Semi this year.
Tesla has been building a new high-volume production factory specifically for the Tesla Semi program in a new building next to Gigafactory Nevada.
The goal was to start production in 2025, start customer deliveries, and ramp up to 50,000 trucks yearly.
Now, Ryder, a large transportation company and early customer-partner in Tesla’s semi truck program, is talking about further delays. The company also refers to a significant price increase.
California’s Mobile Source Air Pollution Reduction Review Committee (MSRC) awarded Ryder funding for a project to deploy Tesla Semi trucks and Megachargers at two of its facilities in the state.
Ryder had previously asked for extensions amid the delays in the Tesla Semi program.
In a new letter sent to MSRC last week and obtained by Electrek, Ryder asked the agency for another 28-month delay. The letter references delays in “Tesla product design, vehicle production” and it mentions “dramatic changes to the Tesla product economics”:
This extension is needed due to delays in Tesla product design, vehicle production and dramatic changes to the Tesla product economics. These delays have caused us to reevaluate the current Ryder fleet in the area.
The logistics company now says it plans to “deploy 18 Tesla Semi vehicles by June 2026.”
The reference to “dramatic changes to the Tesla product economics” points to a significant price increase for the Tesla Semi, which further communication with MSRC confirms.
In the agenda of a meeting to discuss the extension and changes to the project yesterday, MSRC confirms that the project went from 42 to 18 Tesla Semi trucks while the project commitment is not changing:
Ryder has indicated that their electric tractor manufacturer partner, Tesla, has experienced continued delays in product design and production. There have also been dramatic changes to the product economics. Ryder requests to reduce the number of vehicles from 42 to 18, stating that this would maintain their $7.5 million private match commitment.
In addition to the electric trucks, the project originally involved installing two integrated power centers and four Tesla Megachargers, split between two locations. Ryder is also looking to now install 3 Megachargers per location for a total of 6 instead of 4.
The project changes also mention that “Ryder states that Tesla now requires 600kW chargers rather than the 750kW units originally engineered.”
Tesla Semi Price
When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.
However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2023. Price increases have been speculated, but the company has never confirmed them.
New diesel-powered Class 8 semi trucks in the US today often range between $150,000 and $220,000.
The combination of a reasonable purchase price and low operation costs, thanks to cheaper electric rates than diesel, made the Tesla Semi a potentially revolutionary product to reduce the overall costs of operation in trucking while reducing emissions.
However, Ryder now points to a “dramatic” price increase for the Tesla Semi.
What is the cost of a Tesla Semi electric truck now?
Electrek’s Take
As I have often stated, Tesla Semi is the vehicle program I am most excited about at Tesla right now.
If Tesla can produce class 8 trucks capable of moving cargo of similar weight as diesel trucks over 500 miles on a single charge in high volume at a reasonable price point, they have a revolutionary product on their hands.
But the reasonable price part is now being questioned.
After reading the communications between Ryder and MSRC, while not clear, it looks like the program could be interpreted as MSRC covering the costs of installing the charging stations while Ryder committed $7.5 million to buying the trucks.
The math makes sense for the original funding request since $7.5 million divided by 42 trucks results in around $180,000 per truck — what Tesla first quoted for the 500-mile Tesla Semi truck.
Now, with just 18 trucks, it would point to a price of $415,000 per Tesla Semi truck. It’s possible that some of Ryder’s commitment could also go to an increase in Megacharger prices – either per charger or due to the two additional chargers. MSRC said that they don’t give more money when prices go up after an extension.
I wouldn’t be surprised if the 500-mile Tesla Semi ends up costing $350,000 to $400,000.
If that’s the case, Tesla Semi is impressive, but it won’t be the revolutionary product that will change the trucking industry.
It will need to be closer to $250,000-$300,000 to have a significant impact, which is not impossible with higher-volume production but would be difficult.
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