Connect with us

Published

on

Volvo released a fresh batch of upgrades across its electric vehicle lineup as the new C40 and XC40 Recharge feature a longer range, more power, faster charging, rear-wheel drive (RWD) variants, and more.

Volvo has committed to going 100% electric by 2030, with an intermittent target of sales volume to 50% electric by 2025. The Swedish automaker sold 66,749 electric vehicles in 2022, up 159% from the previous year, as its total EV share crossed 10%.

In March 2021, Volvo released the C40 Recharge Pure Electric, a smaller, lighter crossover version of the XC40 electric SUV, to break into a new market segment.

Despite a sleek, more aerodynamic look, the only complaint was the low 210 EPA range at the time, with the Tesla Model Y achieving over 300 miles from the same sized battery.

Volvo’s latest refresh hopes to tackle those problems as it looks to become the first premium carmaker to move its entire portfolio of vehicles to electrification. The Volvo C40 and XC40 EV models are due for a longer range, faster charging, and a slew of new updates.

Volvo C40 and XC40 EVs set for an upgrade

Volvo recognized the two most commonly asked questions about EVs: How far will it drive on a single charge, and how long does it take to charge?

Javier Varela, Volvo COO, said the new C40 and XC40 updates would help propel the company forward with attractive new offerings.

These updates are another big step in our work towards becoming a fully electric car maker by 2030. Range and charging times are new key factors for more and more of our customers, and these improvements make our fully electric models even more attractive than they already were.

Volvo offers three new powertrain options, including two RWD models, the first for the company in 25 years, and an AWD performance variant.

Volvo-C40-XC40-EVs
Volvo XC40, C40 specs

In addition, Volvo developed the second-gen electric motor powering the rear axles in-house, another first for the company.

Single motor RWD/extended range

For the RWD models, the single motor with standard range is driven by a 175kW e-motor, a 3% increase in output over the current 170kW FWD variant. Although the XC40 features the same 69kWh battery capacity, new cooling efficiencies deliver a range of up to 285 miles (460 kilometers WLTP).

Meanwhile, the range of the C40 single motor improves to 295 miles (476 kilometers WLTP) while charging 10 to 80 percent takes around 34 minutes using a 130 kW DC public charger.

The larger 82kWh battery pack with 185kW e-motor boosts range up to 320 miles (515 kilometers WLTP) for the XC40 and up to 331 miles (533 kilometers WLTP) for the C40.

Twin Motor AWD

As for the AWD models, Volvo replaced the two 150kW electric motors on both axles with an in-house 183kW e-motor on the rear axle and a new 117 kW e-motor on the front axle.

According to Volvo, the new setup and improvements mean the XC40 Twin Motor AWD delivers up to 315 miles (507 kilometers) of range. Both the XC40 and C40 are slated to feature new 19-inch alloy wheels.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Saudi oil giant Aramco posts drop in full-year profit, slashes dividend

Published

on

By

Saudi oil giant Aramco posts drop in full-year profit, slashes dividend

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. 

Hamad I Mohammed | Reuters

Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023.

The company said it expects total dividends for 2025 of $85.4 billion — a significant fall from 2024’s total of $124.2 billion.

This comes as it cut its total payout for the fourth quarter. The oil giant said its base dividend for the final three months of the year would be increased to $21.1 billion, but its performance-linked payout would be just $200 million. This compares to a third-quarter base dividend of $20.3 billion and a performance-linked dividend of $10.8 billion.

Lower oil prices hit the company’s net profit last year as crude production around the world increased and demand slowed. The price of global benchmark Brent crude futures averaged $80 per barrel in 2024, $2 less than the 2023 average, according to the U.S. Energy Information Administration.

Aramco’s revenue fell to $436.6 billion in 2024, compared to $440.8 billion the year before.

Full-year total borrowings at the company were up, rising to $319.3 billion in 2024 from $290.14 billion during the previous year. The company’s net debt, however, decreased from $102.7 billion in 2023 to $78 billion in 2024.

This breaking news story is being updated.

Continue Reading

Environment

A dozen Tesla cars burned at store, arson is suspected amid global protests

Published

on

By

A dozen Tesla cars burned at store, arson is suspected amid global protests

A dozen Tesla vehicles burned at a store in Toulouse, France. Arson is suspected amid global protests and vandalism attacks against Tesla and Elon Musk.

Last night, a dozen Tesla vehicles burned down at Tesla’s retail and service location in Plaisance-du-Touch near Toulouse, France.

Firefighters arrived on the scene at around 4 a.m. and contained the fire to the vehicles. Eight of them were completely destroyed, and four were greatly damaged. The damages are estimated at over 700,000 euros.

According to the local news (translated from French), the police suspected arson as a hole was found in a fence, and threats had been made over the last few weeks. The Tesla location remained closed all day.

Advertisement – scroll for more content

Tesla is currently being protested by anti-fascist groups around the world, especially in the US, where many are targeting Tesla to protest against Elon Musk’s involvement in the US government.

In France, there were a few protests planned, but some extremist groups are calling for widespread arson against Tesla stores:

I won’t share the link to the article since it gives step-by-step instructions on how to burn down Tesla stores without getting caught, but the manifesto explains that they are going after Tesla as a “symbol of capitalism,” although they also list a dozen other reasons including the fact that they think it’s “doable and cheap.”

Electrek’s Take

This is getting nuts. It’s not only dangerous, but it’s also not super effective in achieving the goal they claim to want to achieve.

Have they never heard of insurance? Tesla is having issues selling cars right now. You are burning unsold inventory that they can then claim to their insurance.

Sure, it disrupts their operations for a short period of time, but it’s not worth it.

Their manifesto does say to avoid violence and not to target vehicles owned by individuals – though it doesn’t sound like a strict rule for them, but I think these people are likely going to end up in jail for having achieved nothing.

The protests and boycotts are going strong. You don’t need to burn cars to make yourself heard.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Ford F-150 Lightning sales have been falling for months: What’s going on with the EV pickup?

Published

on

By

Ford F-150 Lightning sales have been falling for months: What's going on with the EV pickup?

Is Ford’s electric pickup in trouble? Sales have been down for months, and February showed no relief. What’s going on with the Ford F-150 Lightning?

Ford F-150 Lightning sales drop again in February 2025

Ford’s US sales dropped by 9% last month. Although electrified vehicles, including EVs and hybrids, both notched double-digit growth, sales of Ford’s gas-powered (ICE) models, which accounted for over 85% of deliveries, fell nearly 13%.

Hybrids saw higher demand with sales up 27.5% to 15,357, while EV sales increased 15% to 7,326. The Mustang Mach-E was a bright spot with 3,312 models sold in February, up 13% from the prior year.

With 6,841 Mach-Es sold through the first three months of 2025, Ford’s electric crossover SUV remains a top-selling EV in the US.

Advertisement – scroll for more content

Ford’s electric pickup didn’t fare as well. F-150 Lightning Sales were down nearly 15% last month with only 2,199 units sold. Through March, Ford has sold 15% fewer Lightning models than it did at this time last year.

Ford-Lightning-sales
2024 Ford F-150 Lightning Platinum Black (Source: Ford)

Sales of the electric pickup have been slipping for months now. In the final three months of 2024, F-150 Lightning sales were down 10%.

The Lightning, alongside Rivian’s R1T, are no longer the only electric pickups on the market. Ford is facing new competition with the Tesla Cybertruck, Chevy Silverado EV, and GMC Sierra EV, arriving.

Ford-Lightning-sales
2024 Ford F-150 Lightning Flash (Source: Ford)

According to Cox Automotive, the Tesla Cybertruck slipped past the Lightning to become the fifth best-selling EV in the US last year with nearly 39,000 units sold. Ford’s Lightning was sixth with just over 33,500 models sold.

Ford extended its “Power Promise” promo earlier this year to boost demand, giving EV buyers a Level 2 home charger and other benefits, but Lightning sales are still down.

Ford-lightning-sales
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)

The American automaker cut Lightning production at its Rouge Electric Vehicle Center last year, citing slower-than-expected demand. A new report from Automotive News claims Ford is now ending a pilot program to stock and distribute EVs through regional hubs after it failed to catch on. It was designed to speed up deliveries.

Although Ford plans to launch a smaller midsize electric pickup, it won’t arrive until at least two more years. With new competition, like the Ram 1500 REV and Volkswagen Scout pickup, hitting the market over the next few years, Ford may find it even harder to attract buyers.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending