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EVs are making their way into every crevice of the economy. The latest is armored electric vehicles, as the cash-handling industry moves to reduce emissions. Cash delivery giant Loomis says it’s expanding its partnership with Xos, ordering an additional 150 armored EVs to use for US operations.

Loomis orders 150 armored electric vehicles from Xos

Those armored cars you see pick up cash from banks and retail stores are likely Loomis.

With a rich history that began during the California gold rush, Loomis is transforming for the modern age. What started as the “Pony Express,” transporting packages from the West to East coasts of the US, has become a global cash-handling powerhouse with around 400 local offices across 20 countries.

Now the company is expanding once again, but this time with zero-emission armored electric vehicles. The armored EVs will be manufactured by California-based commercial EV maker Xos.

Founded in 2016, Xos is on a mission to decarbonize commercial transport while providing a seamless transition for fleet owners from ICE cars to fully electric.

Xos builds fully electric medium and heavy-duty EVs, electric powertrains, and the corresponding charging infrastructure.

In a press release today, Xos revealed it will expand upon its initial partnership with Loomis, signing a purchase agreement to supply 150 armored electric vehicles for use in US markets.

At the end of 2022, Loomis had 20 Xos armored EVs in its fleet. The expansion will help Loomis reduce emissions from fleet use, its most significant climate impact. Loomis CEO explained:

We have made a commitment to reduce carbon emissions from our business and have set out to lead the transformation in the industry. By significantly increasing the number of EVs in U.S. operations, we are on our way to both reducing our own emissions and helping our customers reach their targets while maintaining our high security standards.

The electric vehicles will be gradually delivered throughout the year, and Loomis will implement them into its fleet in the second half of 2023. As an industry first, Loomis issued a sustainability-linked bond with the value linked to a 20% reduction in CO2.

armored-electric-vehicle
Loomis armored electric vehicle manufactured by Xos (Source: Xos)

In addition, Loomis is working to shift operational energy needs to 100% renewable energy with several solar panel projects in the pipeline.

By 2024, Loomis is looking to achieve a 15% reduction in CO2 compared to 2019 levels, and the armored EVs are expected to play a critical role in getting it there.

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Tesla sales are down in every single European country except the UK, here’s why

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Tesla sales are down in every single European country except the UK, here's why

Tesla sales were down in every European country except for the UK in the first quarter, and there’s a reason why.

That’s while electric vehicle sales are still booming in Europe.

Tesla’s sales declined for the first time in Europe last year, but the decline accelerated in 2025.

Over the last three months, we have been reporting on worrying sales results for Tesla across most European markets, especially in important markets like France and Germany.

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Now, we have the delivery numbers for Tesla in all European countries, and the automaker is down 37% on the old continent compared to 2024, which was already a down year for Tesla.

On top of it, Tesla is down in every single country except the UK.

Here are Tesla’s Q1 2025 deliveries in each European country compared to Q1 2024:

Country Q1 2024 Q1 2025 Change
Germany 13,068 4,935 -62.2%
UK 11,768 12,474 6.0%
France 11,360 6,696 -41.1%
Belgium 7,219 3,019 -58.2%
Netherlands 6,854 3,445 -49.7%
Norway 5,121 3,817 -25.5%
Other 4,420 3,301 -25.3%
Sweden 4,312 1,929 -55.3%
Italy 3,721 3,469 -6.8%
Spain 3,601 3,169 -12.0%
Denmark 3,558 1,549 -56.5%
Switzerland 3,264 1,238 -62.1%
Portugal 2,888 2,145 -25.7%
Austria 2,506 1,304 -48.0%
Poland 1,264 899 -28.9%
Finland 894 475 -46.9%

The drop in sales in Germany was the most devastating for Tesla. It went from being Tesla’s biggest European market to being a distant third.

France also saw a significant 41% decline in sales.

This is also happening while electric vehicle sales are surging, regardless of Tesla’s performance.

Tesla is feeling the pain virtually everywhere in Europe except in the UK, but that’s because Tesla is selling its vehicles for much cheaper there.

In the UK, the Model Y PCP leasing starts at £399, which is the equivalent of €462, when the same vehicle starts €570 in Germany:

Interestingly, that’s not the case for the Model 3, which starts higher in the UK than in Germany.

Electrek’s Take

The reason for that is unclear to me. I’d love to hear theories in the comment section.

Could it be that Tesla planned to produce too many right-hand-drive vehicles and had to lower prices to ensure that it could deliver them?

It’s unclear, but I think the theory has some traction since I just learned that Tesla is also already discounting the new Model Y in Hong Kong – another right-hand-drive market.

Either way, I think it’s clear at this point that Tesla is having significant brand issues in Europe, in addition to increased competition.

Yes, Model Y had some supply issues due to the design changeover, but Model 3 sales are also down 11% compared to Q1 2024, when Tesla was still ramping up production of the Model 3 design refresh.

Tesla shareholders need to wake up. This is a self-inflicted wound that can be remedied by removing Elon Musk.

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Kia’s first electric sedan is almost here, but plenty more EVs are on the way

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Kia's first electric sedan is almost here, but plenty more EVs are on the way

That Kia EV sedan we’ve been waiting for is almost here. Kia also confirmed it will launch a midsize pickup in North America. Next week, three new Kia vehicles, including the EV4, its first electric sedan, will debut at the New York International Auto Show. Here’s what to expect.

Kia’s first electric sedan will debut at the NY Auto Show

Back in 2023, the EV4 stole the show as a concept during Kia’s first EV Day. Earlier this year, Kia unveiled the production model, debuting as the brand’s first electric sedan and hatchback.

The electric sedan is among the most highly anticipated EV launches of 2025. Kia’s EV4 will arrive this year as part of its low-cost EV lineup, and it could be a true challenger to the Tesla Model 3.

After opening orders in Korea last month, Kia said the EV4 will “set a new standard for electric sedans,” starting at just 41.92 million won, or about $28,000. It has two battery options, 58.3 kWh or 81.4 kWh, providing a range of 237 miles (382 km) and 331 miles (533 km) in Korea.

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With its North American debut now officially set for next week, Kia teased the new EV, claiming it will be one of three new vehicles.

The new vehicles include a sedan, an SUV, and “something in between.” Two will be fully electric, while the other offers a “sporty and versatile approach in the compact car segment.”

Kia's-first-electric-sedan-US
Kia EV4 electric sedan teaser for North America (Source: Kia)

More EVs are on the way, including an electric pickup

During its CEO Investor Day on Wednesday, Kia confirmed plans to launch a new midsize EV pickup for North America. In the long-term, the company aims to eventually sell 90,000 units for about 7% of the market share.

Kia’s electric pickup will be based on a new EV platform built for city and outdoor use. According to Kia, it will offer “best-in-class interior and cargo space, a robust towing system, off-road capabilities, and advanced infotainment and safety features.”

Kia-EV-pickup-US
Kia Tasman pickup truck (Source: Kia)

Following the EV6 and EV9, Kia is expanding its electric car lineup with the new EV3, EV4, and EV5, which will roll out this year. Kia is also launching its first electric van, the PV5, to kick off its new PBV business.

By 2030, the company plans to sell 2.33 million electrified vehicles, accounting for 56% of global sales. This includes 1.26 million EVs and 1.07 million hybrids.

Kia's-first-electric-sedan-US
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)

As it expands its lineup, Kia expects electrified models to account for 70% of sales in North America, 85% in Europe, and 73% in Korea by the end of the decade.

Kia boasted that it will “lead the mass adoption of EVs by expanding its EV lineup with the addition of another volume model, the EV2,” which is expected to launch in early 2026.

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U.S. crude oil falls 3%, trades below $58 per barrel as China imposes retaliatory tariffs

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U.S. crude oil falls 3%, trades below  per barrel as China imposes retaliatory tariffs

An oil pumpjack is seen in a field on April 08, 2025 in Nolan, Texas. 

Brandon Bell | Getty Images

U.S. crude oil futures fell about 3% on Wednesday, as China announced retaliatory tariffs on the U.S. after President Donald Trump’s sweeping levies took effect.

The U.S. benchmark dropped $1.83, or 3.07%, to $57.75 per barrel by 9:41 a.m. ET. Global benchmark Brent tumbled $1.93, or 3.07%, to $60.89.

The oil sell-off took a leg lower earlier in the session after Beijing announced tariffs of 84% on U.S. goods in response to Trump’s levies. U.S. crude fell more than 7% to an intraday low of $55.12, while Brent tumbled to $58.40 at its lowest point during the session.

China’s tariffs take effect on April 10.

Traders are worried the world is descending into a full-blown trade war that will trigger a recession, hitting crude oil demand. OPEC+, meanwhile, has agreed to accelerate output in May, which will bring more oil to a market that was already facing a surplus.

The collision of recession fears and growing oil supply is a “toxic cocktail,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNBC on Tuesday.

The U.S. and Iran are scheduled to hold talks in Oman on Saturday to discuss the Islamic Republic’s nuclear program. Successful negotiations could result in more Iranian oil entering the global market.

Catch up on the latest energy news:

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