Solid-State battery developer Solid Power continues to rally financial support to help scale its nickel- and cobalt-free cells for EVs. This week, the United States Department of Energy announced it is awarding over $5 million to help Solid Power continue developing its technology which could significantly help lower the price of EV batteries.
Solid Power ($SLDP) is a US-based battery developer that specializes in solid-state, sulfide-based electrolyte technology that it hopes to scale in order to bring more energy-dense cells to the EV world at or near cost parity to current lithium-ion batteries.
Since being spun out of a program at University of Colorado in 2011, legacy automakers like Ford and Hyundai have invested in Solid Power, in addition to a partnership with SK Innovation announced in October of 2021. Last June, Solid Power announced a solid-state battery pilot production line ahead of a timeline to deliver the cells to both Ford and BMW by the end of 2022.
In mid-December, Solid Power announced it would co-develop its solid-state technology in the US alongside longtime partner BMW, who will implement its own assembly lines overseas with the goal of fast-tracking development toward scaled cell production, as part of the deal agreed to pay $20 million to license the technology.
Now, the battery developer has gained an even larger financial cushion to continue its research, following an award from the US Department of Energy (DOE).
Source: Solid Power
Solid Power further bolstered by award from US DOE
After the US Dept. of Energy announced its award (up to) $5.6 million to Solid Power on Wednesday, the energy-dense cell developer delivered a release of its own, commenting on the financial support from Uncle Sam. The battery company’s interim CEO, president, and chair David Jansen shared a statement:
Replacing costly nickel and cobalt in the cathode with sulfur could lead to a lower cost EV battery with improved energy and fast-charging capabilities. I’d like to thank the Solid Power development team for their outstanding work and the DOE for their continued confidence in our company’s value proposition.
The over $5 million recently awarded to Solid Power is part of a $42 million package that the DOE is using to financially support 12 different projects under the Electric Vehicles for American Low-Carbon Living (EVs4ALL) program. The common goal of these dozen projects is to strengthen US supply chains that contribute to advanced battery technologies used to power EVs.
Much of the Biden administration’s work the past three years has gone into promoting electrification across the government and citizens, investing in renewables, bolstering charging infrastructure, and limiting the US’ dependency on other countries for supply chain materials such as battery components.
As an American battery manufacturer developing cells that are not only more energy-dense, but also lighter, thinner, and less volatile than lithium-ion, it’s of little surprise that Solid Power has the backing of the DOE to keep doing its thing.
Scaled solid-state battery production still feel a ways away, but fresh funds from D.C. should certainly help push the development process forward – on home turf, nonetheless.
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In a concerning series of poor decisions, Switzerland’s Federal Office of Energy (SFOE) decided to bury a study it had ordered and paid $120,000 for, as it confirmed that upgrading an internal combustion engine (ICE) car to an electric vehicle is beneficial for the environment.
Back in 2022, SFOE commissioned Infras, a reputable research firm, to answer a straightforward question: When does it make sense, from a climate perspective, to replace a gasoline car with an electric one?
It’s not a bad question.
If you are considering buying a new car, it is better for the environment to opt for an electric one. Countless studies have confirmed this over the years. The degree to which it is more beneficial varies based on how much you drive and if it is charged with renewable energy, but it is significantly better.
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But due to the high environmental impact of manufacturing a new vehicle, some are debating whether it’s possibly better to drive your old beater until it completely falls apart rather than buying a new EV.
The Federal Office of Energy decided to answer that question by ordering a study worth 100,000 Swiss francs.
When the report landed in fall 2024, the verdict was clear: replacing over 90% of existing petrol/diesel cars with an equal-sized EV would save CO₂ immediately, except for vehicles that hardly ever leave the driveway.
However, the only reason we are aware of it now is that Republik, a Swiss online investigative journalism magazine, managed to obtain a copy through freedom of information requests.
Instead of publishing the study, the Federal Office of Energy decided to bury it.
Why? It’s unclear.
When asked now, they say that they have doubts about the results, but Republik followed with more freedom of information requests for emails discussing the study after Infras delivered it, and it tells a different story.
The publication reports on the communications from the SFOE staff:
The topic is “potentially sensitive,” the project manager wrote to various employees at the beginning of December 2024 after internal discussions, noting that the recommendations “could be misinterpreted” at a time when the federal administration “tends to be perceived rather negatively.” The study is “simply academic,” replied the head of communications at the Federal Office of Energy. In reality, no one will consider whether to replace their five-year-old combustion engine with an electric car “from a climate perspective.” One must be careful not to accuse the Federal Office of Energy of making “elitist recommendations” along the lines of “if there’s no bread, then eat cake.”
The conversation is particularly unusual, considering the study’s goal was to inform buyers of the potential environmental impact of upgrading to an electric car, and they now had the answer.
Now, they didn’t want them to have that information?
Switzerland had a goal of 50% of new cars sold in the country to be electric this year, but it is currently at about 30%.
Electrek’s Take
Great journalism work by Republik, but terrible work by the Swiss government and bureaucrats.
The science is clear: they are a net positive for the environment compared to vehicles that burn fossil fuel.
I have been reporting on and promoting electric vehicles for over a decade now. I didn’t think that in 2025 we would still be fighting against propaganda against that simple fact, but here we are.
There’s clearly still a lot of work to do.
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The 2026 Chevy Silverado EV has officially arrived. With a range of up to 493 miles, the electric pickup is built for the long haul. It can tow up to 12,500 lbs, sprint from 0 to 60 mph in under 4.5 seconds, and now features a rugged new Trail Boss trim with 775 hp and more off-road capability than ever.
Thanks to the new Silverado, Equinox, and Blazer EVs, it’s actually closing the gap with Tesla. With the new and improved 2026 models now available, Chevy could gain even more ground into the end of the year.
Last month, Chevrolet introduced a new Trail Boss trim for the 2026 Silverado EV, boasting 725 horsepower and several off-road upgrades.
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The new Silverado EV Trail Boss “gives customers an option that builds on our strong truck pedigree, high electric range and off-road capability,” according to Scott Bell, Chevy’s vice president.
With a 2″ lift, the new trim offers 24% higher ground clearance than the base version. It also gains new features, like Terrain Mode and a fine-tuned suspension for added capability.
2026 Chevy Silverado EV Trail Boss trim (Source: Chevrolet)
Adding to the Silverado EV’s already sleek look, the flagship model gains trim-exclusive design elements, including Trail Boss badging inside and out, 35″ all-terrain tires, a high-angle front end design, and red tow hooks.
Like the base Silverado EV LT, the Trail Boss edition is available with Chevy’s Multi-Flex Midgate (shown below). The flexible bed provides up to 10 feet and 10 inches of total space to fit kayaks, camping gear, and more.
2026 Chevy Silverado EV Trail Boss trim (Source: Chevrolet)
With the extended-range battery, the 2026 Chevy Silverado EV Trail Boss edition can tow up to 12,500 lbs and has a maximum payload of 2,100 lbs. It also delivers an impressive up to 760 horsepower and 775 lb-ft of torque.
Using Wide Open Watts mode unlocks maximum horsepower and torque, enabling a 0 to 60 mph sprint in just 4.5 seconds.
The electric truck is just as impressive inside as it is on the outside. A 17.7″ touchscreen infotainment and an 11″ driver display come as standard with Google built-in.
You can also add a 14″ diagonal Head-Up Display (HUD) and GM’s Super Cruise driver assist tech. According to Chevy, Super Cruise is available when towing on the LT and Trail Boss trims.
Chevy slashed prices across the board with the 2026 Work Truck trim listed at a base price of just $54,895, $2,200 less than the outgoing model.
2026 Chevy Silverado EV Trim
Battery Pack
Range
Starting MSRP (includes $2,095 DFC)
Work Truck
Standard
286 miles (EPA-estimated)
$54,895
Extended
424 miles (EPA-estimated)
$68,295
Max
493 miles (EPA-estimated)
$76,295
LT
Standard
283 miles (EPA-estimated)
$62,995
Extended
410 miles (EPA-estimated)
$71,195
Max
478 miles (GM-estimated)
$91,295
Trail Boss
Extended
410 miles (EPA-estimated)
$72,095
Max
478 miles (GM-estimated)
$88,695
2026 Chevy Silverado EV prices and range by trim
The 2026 Chevy Silverado EV LT is about $10,000 cheaper than the outgoing version. It’s now available, starting at just $62,995 with up to 283 miles of range. The Extended and Max Range battery packs, with EPA-estimated ranges of 410 miles and 478 miles, respectively, start at $68,295 and $76,295.
You can snag the new Trail Boss trim for $72,095 with a range of 410 miles. Like the LT, the Max battery pack provides 478 miles range, starting at $88,695.
If you’re looking for something a little smaller, the Chevy Equinox EV, or “America’s most affordable 315+ mile range EV,” starts at just $34,995 with leases as low as $289 per month.
Looking to test one out for yourself? With the 2026 models rolling out, Chevy is offering big discounts, including 0% financing or a $3,000 cash bonus on 2025 model years. You can use our links below to find Chevy Silverado, Equinox, and Blazer EVs in your area.
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Smoke blankets the sky above Tehran, Iran, following explosions in the capital after the Israeli army hit Iranian targets, on June 18, 2025.
Anadolu | Anadolu | Getty Images
Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran.
U.S. crude oil was last up $1.36, or 1.81%, to $76.50 per barrel by 9:38 a.m. ET, while global benchmark Brent added $1.10, or 1.43%, to $77.80 per barrel. Prices have gained more than 11% over the seven days since Israel began pounding Iran’s nuclear and missile programs.
Netanyahu ordered Israel’s military to intensify attacks on “strategic targets” in Iran and “government targets” in the country’s capital, Tehran, Israel Defense Minister Israel Katz said in a social media post. The goal of the strikes is to “undermine the ayatollah’s regime,” Katz said.
Israel’s decision to escalate its military operation against the Islamic Republic comes after an Iranian missile reportedly struck a major hospital in the southern city of Beersheba. Katz threatened Iran’s leader Ayatollah Ali Khamenei in the wake of the hospital strike.
Katz said Israel’s military “has been instructed and knows that in order to achieve all of its goals, this man absolutely should not continue to exist,” referring to Khamenei.
JPMorgan warned on Wednesday that regime change in a major oil producing country like Iran could have a profound impact on global oil prices. Iran is one of the top producers in OPEC.
“If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research at JPMorgan, told clients in a note.
Supply losses in the wake of a regime change “are challenging to recover quickly, further supporting elevated prices,” Kaneva said.