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Lectric eBikes, the Phoenix-based electric bike maker that is known for its ultralow prices, has done it again with a new budget-friendly e-bike. This time the company rolled out an electric tricycle known as the Lectric XP Trike at far below the going market rates. But how did they do it, and what makes their e-trike so affordable? Let’s check it out.

Lectric’s CEO Levi Conlow teased the Lectric XP Trike earlier this week, but now we’ve finally gotten the complete rundown of specs.

The trike features a 500-watt rear motor with a peak power rating of 1,092 watts. It is mounted on a central jackshaft at the rear of the trike to drive the two rear wheels through a differential axle, allowing two-wheel drive. The motor itself is a hub motor, though it is implemented more like a mid-drive motor.

lectric xp trike

A cursory look at the trike shows that it’s actually quite similar to Lectric’s already quite popular $999 Lectric XP 3.0 folding e-bike. You could almost say it’s a very similar bike, yet with a larger battery, hydraulic brakes, and an extra wheel.

In fact, it sort of has two extra wheels, in the sense that the rear end is similar to a trike conversion style setup that allows the front of a more typical e-bike to be combined with a trike assembly in the rear. That likely helped expedite the design process and allowed Lectric to quickly bring an electric trike to market after the last major e-trike launch, the RadTrike from Rad Power Bikes. Sticking with more standard parts that could be adapted into a three-wheeler also helped Lectric keep the cost down while maintaining a similar strategy to the Lectric XP 3.0 e-bike.

It’s a different design but one that still follows Lectric’s playbook, as the company explained:

We took our award-winning XP series e-bikes and added a bigger battery, hydraulic brakes, and a third wheel to create the industry’s first fully foldable and fully-assembled electric tricycle. This 65 lb three-wheeler is purposefully designed with convenience and fun top of mind.

At just 65 pounds (29.5 kilograms), the Lectric XP Trike’s folding frame will be a manageable lift for many people.

The frame folds in both the center and at the handlebars to fit into tight places. That handlebar folding mechanism will likely be the most useful for lowering the height of the trike to fit in SUVs and other rear-opening vehicles, though the center fold may help the smaller bundle fit into tighter closets, etc.

Folding also allows the electric trike to arrive fully assembled, meaning riders simply need to unfold it, inspect the bike and ride.

The electric three-wheeler is powered by a 48V and 14Ah battery with 672 Wh of capacity. Lectric claims that riders can travel as far as 50 miles (80 kilometers) on a single charge, though that high efficiency is likely helped by the slower 14 mph (22 km/h) top speed. A slower top speed might sound like a downer, but it is an important safety consideration for three-wheelers that can feel tippy at higher speeds.

It’s hard to say how wide the rear wheels are set on the Lectric XP Trike, but narrower wheels can compound the tipping feeling, making it important to keep speeds reasonable. Don’t expect to fly at 20-28 mph (32-45 km/h) like the rest of Lectric’s e-bikes! But at least you have both pedal assist (5 levels) and throttle to choose from.

To bring you down from top speed, the XP Trike has hydraulic disc braking and also includes a parking brake to prevent the trike from rolling away when parked on an incline. Hydraulic disc brakes are normally seen on faster and more expensive e-bikes, but the XP Trike’s massive weight capacity of 450 pounds (204 kilograms) means that it will likely need to make full use of those powerful hydraulic stoppers when fully loaded. Fortunately, the motor is rated for a peppy 65 Nm of torque to help get that weight rolling when filled to the max.

Features like the included parking brake and a new upgradable two-part seat with back rest are news to us since the teaser was shared earlier this week.

lectric xp trike

The trike rolls on a trio of 20″x 2.6″ tires that provide slightly more cushioning than most narrower street tires, perhaps offering a bit more off-road readiness than a purely urban e-bike, but not nearly as much as that provided by larger fat tires.

Since most riders will surely stick to manicured paths, the tire size is likely appropriate for the target market.

The introductory price of $1,499 will include a cargo package consisting of a front and rear basket, though it looks like that might just be a promotion for the launch. Pre-orders will open on February 17, with the XP Trike expected to begin shipping in April.

Electrek’s Take

Wow, you can’t help but be blown away by the price here.

I’m also glad to see that the company has an upgradeable saddle and a parking brake since those were two things that appeared to be missing to me when I first saw the teaser earlier this week. The included rear cargo basket also adds a ton of value to this already value-packed deal.

I definitely hope the XP Trike can live up to its wildly high weight rating of 450 pounds (204 kilograms). I imagine the company had to test at well over that amount to be able to claim that number, but it just seems quite high.

The biggest difference between this e-trike and the more expensive e-trikes is that it looks like they started with a similar base to their XP 3.0 bike instead of redesigning a ground-up trike. That’s definitely a quick way to get to a viable product and keep costs down, but I’ll certainly want to test this one out myself to see how it handles. Trikes can feel tippy when the weight is higher up, and the rear wheels aren’t very wide, so I’ll be curious to see how it feels in the rear and how stable the trike is. The wheels are only 2 inches taller than on a RadTrike, but the cargo seems to be higher also.

I might have liked to see some suspension or a multispeed drivetrain instead of the single speed, but it’s hard to complain about leaving too much off when the price is this low. And at these slow speeds, I can get by with both no suspension and a single-gear ratio.

There’s no denying it – the XP Trike brings affordable electric tricycles to folks that can’t afford several thousands of dollars for the higher-end e-trikes. And it does it with some good components thrown in too. The last thing a retiree wants to be doing is spending time on their hands and knees adjusting mechanical brakes, so seeing components like hydraulic disc brakes makes me very happy. I am curious to see how they implemented a parking brake, though, since those can be tricky on hydraulic brake setups.

Here’s looking forward to hopefully trying one of these soon to see how it stacks up to other e-trikes I’ve tested, like the RadTrike.

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Hyundai halts production of another luxury EV

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Hyundai halts production of another luxury EV

Another one bites the dust. Hyundai Motor has halted production of another luxury EV in the US to focus on more popular models like its best-selling Tucson SUV.

Hyundai is shifting its EV production plans in the US

The move is part of a broader shift in Hyundai’s global production network as it gears up for upcoming policy changes, including higher tariff rates and the elimination of tax credits for electric vehicles in the US.

According to a new report from Business Korea, Hyundai has already ceased production of the Genesis Electrified GV70 in the US. Industry sources claim that Hyundai halted production of the luxury EV at its manufacturing plant in Alabama in June.

The Genesis Electrified GV70 marked a milestone as it rolled off the assembly line in February 2023, becoming Hyundai’s first US-made electric vehicle.

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Hyundai invested nearly $300 million to upgrade the facility and boost SUV production, including under the luxury Genesis brand. However, sales have failed to live up to expectations.

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Genesis Electrified GV70 production at Hyundai’s Alabama plant (Source: Hyundai Motor)

In the first seven months of the year, Hyundai built just 1,367 Genesis GV70 EVs in Alabama, 18% fewer compared to the same period last year. Last month, sales sank to a record low with just 15 models delivered.

After halting production in June, Hyundai has been just selling down inventory rather than producing new models.

With the federal EV tax credit set to expire at the end of September, Hyundai is shifting production plans in the US and globally.

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2025 Genesis Electrified GV70 (Source: Genesis)

The Korean auto giant is expected to lean into higher-profit SUVs and hybrids, like the Santa Fe and Tucson, to offset the extra costs. With production of the Santa Fe Hybrid surging to 6,888 last month, Hyundai could replace the electric Genesis GV70 with more popular SUVs at the facility.

Will the Genesis Electrified GV70 still be made in the US?

Hyundai is currently reviewing a few different options. For one, it could relocate the GV70 EV to its new manufacturing plant in Georgia, to be built alongside the IONIQ 5 and IONIQ 9.

The Business Korea report claims Hyundai is “seriously considering” building the luxury EV in South Korea and exporting it to the US. Although it would get hit with the added tariffs, analysts believe it could be less expensive than creating a new production line.

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2025 Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)

Hyundai will do the same with the new IONIQ 6, which is set to launch later this year. Instead, the company is expanding production of its top-selling Tucson SUV.

In response to Trump’s 25% tariff rate on imports, Hyundai is shifting all Tucson production from Kia’s plant in Mexico to Alabama.

Hyundai-IONIQ-9-EV
2026 Hyundai IONIQ 9 (Source: Hyundai)

The news comes after Hyundai already pulled one luxury EV from its US lineup, the Genesis Electrified G80, earlier this month.

As the EV tax credit deadline approaches, Hyundai is offering some of the biggest discounts in the US. After cutting lease prices again last month, the 2025 IONIQ 5 is now listed starting from just $179 per month. Hyundai’s first three-row electric SUV, the 2026 IONIQ 9, can be leased from $419 per month.

Genesis is also offering generous savings with up to $18,000 off the Electrified GV70 and $13,750 off the GV60 to move inventory.

Ready to try one out for yourself? We’re here to help you get started. You can use our links below to find Hyundai IONIQ 5 and IONIQ 9 models in your area.

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U.S. accuses India of profiteering from Russian oil during Ukraine war

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U.S. accuses India of profiteering from Russian oil during Ukraine war

Treasury Secretary Bessent: India is profiteering from Russian oil

Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from cheap Russian oil imports during the war in Ukraine, describing the practice as “arbitrage” and condemning it as unacceptable.

“They are just profiteering. They are reselling,” Bessent told CNBC’s “Squawk Box” in an interview. “This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product.”

“They’ve made $16 billion in excess profits — some of the richest families in India,” Bessent said.

India buys Russian oil at a discount due to sanctions, refines it into gasoline and diesel, and then sells the product back to regions that have sanctioned Moscow such as Europe, said Matt Smith, an oil market analyst at Kpler.

India’s imports of Russian oil have surged since the Kremlin launched its full scale invasion of Ukraine in February 2022. Prior to the invasion, India imported a miniscule amount of Russian crude.

New Delhi is now Russia’s biggest customer importing 1.5 million bpd in July, according to data from Kpler. China is the second largest buyer of Russian oil, importing about 1 million bpd last month.

President Donald Trump earlier this month ordered an additional 25% tariff on India’s exports to the U.S. to punish New Delhi for buying Russian oil. The tariffs take effect next week.

Trump is threatening what he calls “secondary tariffs” on Russian oil buyers like India to pressure the Kremlin to reach a negotiated settlement with Ukraine. So far, however, the U.S. has spared China from secondary tariffs over its imports of Russian crude.

Watch CNBC's full interview with Treasury Secretary Scott Bessent

When asked about China’s imports, Bessent suggested that Beijing’s imports were less egregious in the eyes of the Trump administration because it was also a major buyer before Russia invaded Ukraine.

But India actually started buying Russian oil in a major way at the behest of the U.S., said Bob McNally, president of Rapidan Energy and a former advisor to President George W. Bush.

The Biden administration had asked India to accept Russian oil as other countries imposed bans in order to prevent a major oil price spike after the invasion Ukraine that would result in high gasoline prices in the U.S., McNally told CNBC.

“India played a key role in the price cap sanction mechanism designed by the U.S. and its European allies to ensure Russian oil still flowed while trying to crimp the revenue Moscow earned,” McNally said.

CNBC has reached out to the Indian embassy in the U.S. for comment.

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This high school’s new solar carport can power 100 homes

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This high school's new solar carport can power 100 homes

Ridgefield, Connecticut, just commissioned a sizable new solar carport at Ridgefield High School, and it’s set to pay big dividends for the town of around 7,000 residents.

The 1,038 kW system will generate around 1.3 million kilowatt-hours of clean electricity every year. That’s enough to power nearly 100 homes annually. Over the next 25 years, the installation is expected to save the school district about $1.5 million in energy costs while significantly cutting its carbon footprint.

The project was built in partnership with Davis Hill Development, the Connecticut Green Bank, and Patriot Renewable Energy Capital, with AEC Solar managing engineering, procurement, and construction. Crews pushed to finish the work on an accelerated summer schedule so it wouldn’t disrupt the school year.

Financing came through a mix of support from the Green Bank, a tax equity investment, and federal Investment Tax Credits made possible by the Biden administration’s Inflation Reduction Act, which shows how supportive federal policy can translate directly into local cost savings.

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What makes the system especially interesting is how it’s wired. The carport ties into four separate town- and school-owned meters, maximizing the use of on-site solar while plugging into programs like Connecticut’s Non-Residential Renewable Energy Solutions (NRES), Zero Emission Renewable Energy Credits (ZRECs), and Class I RECs.

This isn’t Ridgefield’s first solar rodeo. The town began its sustainability push nearly a decade ago, installing rooftop solar across eight other schools and municipal buildings. The high school carport is its latest step forward.

Mariana Cardenas Trief, director of investments at the Connecticut Green Bank, said, “This is the latest of multiple solar projects that we have worked with DHD Renewables and the Town to complete, and we are proud to continue this support as they reduce their energy costs and move Connecticut closer to its clean energy goals.”

Read more: 500+ big-box rooftops are about to be covered in US-made solar


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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