If I told you that Phoenix-based Lectric eBikes took another popular-yet-expensive electric bike and found a way to produce something that is almost as good but at a fraction of a price, would you even be surprised anymore? That’s become the brand’s defining ethos, and they’ve proven it once again with the release of the Lectric XPedition electric cargo bike.
There are a lot of cargo e-bikes that we could compare side-by-side with the Lectric XPedition. Heck, there are simply a lot of electric cargo bikes out there these days.
The Tern GSD is one of the most highly refined, beautifully designed, and expertly engineered electric cargo bikes on the market. It also ranges from $5,000 to $9,000, depending on the version.
At just $1,399, the Lectric XPedition probably costs less than just the Bosch powertrain on the GSD.
If you’re a cynic, then the XPedition was designed to eat the GSD’s lunch. If you’re more idealistic, then the XPedition brings much of the GSD’s convenience (small size, massive cargo capacity, wide range of rider fitment) to the masses at a price that normal folks can afford.
However you see it, the end result is undeniable. This is an electric cargo bike that will change the industry. Period.
Check out my video review of the new e-bike below, then read on for more about the bike!
Lectric XPedition video review
Lectric XPedition – key specs
I’ll have a more in-depth ride experience review coming in a couple days, but for now let’s start with the bike’s specs and my first impressions from several days of riding.
To start with, there are two models: a single and dual battery version.
They’re otherwise identical. They both use a 48V system, have a 750W continuous-rated motor and claim 1,310W of peak power. More on that peak power in a moment.
The single battery version has a 48V 14Ah battery for 672Wh of capacity, while the dual battery version double that to 1,344Wh of battery. That’s enough for 75 or 150 miles (120 or 240 km) of range on pedal assist, respectively. Even on throttle, you’ll probably still get a solid 30 or 60 miles (48 or 96 km) of range.
The Lectric XPedition hits 20 mph (32 km/h) on throttle-only riding but can reach as high as 28 mph (45 km/h) on pedal assist. The large 54-tooth chainring up front and the small 11-tooth sprocket on the 7-speed cassette help achieve a reasonable pedal cadence even at high speeds.
The bike rolls on 20″ wheels and features a custom 3″ urban tire designed by Lectric. The tires come with pre-Slimed tubes, meaning you basically get your first few flat tires for free. You probably won’t know that the self-healing Slime in your tubes saved you, but you ultimately could have several thorns, staples or other road debris in your tires months from now and still be rolling pretty with air in your tires.
For stopping, the bike includes a pair of hydraulic disc brakes on 180mm rotors. There’s an IP65-rated water-resistant display, a sturdy dual kickstand, a long rear bench, and support for a front rack/basket.
The handlebars fold down to make the bike even shorter, which is perfect for sliding it between the seats in an SUV or minivan.
And get this: the weight rating is insane. Not only is the bike rated for a max rider weight of 330 lb. (150 kg), but the total payload capacity is rated at 450 lb. (204 kg). The rear rack alone is rated for 300 lb. (136 kg) loads.
That means a 150 lb. rider like me can still have a 300 lb. passenger on back and remain within the bike’s weight ratings, as long as neither of us had a big lunch.
What about that power?
So I mentioned that I wanted to talk about that “1,310 watts of peak power” that Lectric claims. I’m going to have call B.S. on that. Allow me to put my rarely used engineer hat on for a second here (hey, I dust off that degree occasionally!).
E-bike power can be calculated as simply as multiplying the electrical voltage by the current (amps). That gives you the electrical power flowing through the system and ignores losses due to inefficiencies, such as how much power actually makes it from the battery to the rubber to the road. But it’s a good enough proxy for e-bike power that it is basically what we use.
The XPedition has a 24A controller, but the 48V battery (like all 48V Li-ion batteries) actually charges to 54.6V when fully charged. So Lectric took that higher number, multiplied it by 24 amps, and got that magically impressive 1,310 W peak power figure. But the problem is that the battery will only ever be at 54.6V for the first fraction of a second coming off a fresh full-charge. It drains throughout the ride, eventually dipping below 40V before cutting out at empty. So we generally use 48V as an average voltage, which gives us a more realistic 48V x 24A = 1,152W. And while the 1.15 kW peak power isn’t that different than the 1.31 kW claimed by Lectric, it’s a measurable difference. Okay, now let’s put that journalist/YouTuber/bike tester hat back on.
Having said all that, now let me tell you this. Whether you use the 1.3 kW or 1.1 kW number, the bike is disgustingly powerful. Like, just grossly powerful. And I mean that in the absolute best way possible. It has so much power that I grin ear to ear when I use it to haul a load or climb a hill. It feels like it can outpull a donkey. On hill climbs, it feels like the tires are filled with helium. The thing simply climbs and climbs. And it does so fast.
Remember when I tested the Lectric XP Trike and took it to a massive hill? I was amazed I could even climb up the hill on the trike. It wasn’t terribly fast, but rolling at 6-10 mph up a hill that was difficult to walk up felt impressive. Well, get this. After that test, I went back with the Lectric XPedition. It climbed that hill and flew past the XP Trike so fast it was just a three-wheeled blur.
So there’s no lack of power here. If anything, I’d recommend springing for the second battery model if you can, just so that you have extra charge to supply that power-hungry motor.
Better pedal assist that almost feels like a torque sensor
An interesting note about the Lectric XPedition’s pedal assist is that even though it uses a cadence sensor, it feels a bit more like a fancier torque sensor’s pedal assist.
There’s still telltale cadence sensor lag when you begin pedaling, but it doesn’t rocket you up to preset speeds at each pedal assist level. That’s because instead of using a speed-based pedal assist programming structure, Lectric used a power-based structure. Essentially, each pedal assist level allows progressively higher power, meaning you can pedal at whatever speed you wish and just enjoy more or less power, not more or less speed.
Lectric eBike’s CEO Levi Conlow explained it to me before I had the chance to test it as his form of cheating. “We like to cheat here. Just like how we cheated a mid-drive into the Lectric XP Trike by starting with a hub motor, we’re basically cheating our way to a torque sensor with this type of pedal assist programming.” Having tried it myself, I can confirm. They cheated, and it works great. It’s just a more comfortable way to use pedal assist as it allows you to ride at your own pace, more like a torque sensor-based system.
It doesn’t do anything to solve the pedal assist lag, but it makes the rest of the pedal assist experience so much better.
Top value, as usual
Value has become Lectric’s calling card. They might as well be named “Bang For Your Buck E-bikes” because that’s exactly what they do. And that’s exactly what you get with the Lectric XPedition.
It’s nowhere near as good as the Tern GSD or other many-thousand dollar bike shop e-bikes out there. It lacks the Bosch mid-drive motors, the quick-release thru-axles, the higher end automatic shifting and ultra powerful brakes, the fancier tail-standing rack, the higher spec hardware, and many of the nicer fit and finish details. It doesn’t come in a rainbow of colors and it doesn’t have a super-optimized weight saving frame (though 68 lb. isn’t bad for a high-power cargo e-bike). But you could also buy a parking space full of XPeditions for the price of one of the e-bikes that it imitates.
And for most people, that’s darn good enough.
The bike is a heavy-hauling, accessible e-bike that comes priced for the common man. And that’s something that the world needs more of.
If you can afford to buy a GSD, do it. It’s an amazing bike and you won’t regret it. But for those that could never justify spending several thousand dollars on an e-bike when money is tight enough as it is, bikes like the $1,399 Lectric XPedition will give you 80-90% of the day-to-day utility. And that’s good enough for me!
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Vanuatu’s Climate Change Minister Ralph Regenvanu (C) delivers a speech as he attends a demonstration ahead of the International Court of Justice (ICJ) session tasked with issuing the first Advisory Opinion (AO) on States’ legal obligations to address climate change, in The Hague on July 23, 2025.
But for some, the International Court of Justice’s (ICJ) recent advisory opinion on state’s legal obligations in the face of climate change could emerge as a watershed moment for financial markets.
Günther Thallinger, a board member at Allianz, one of the world’s biggest insurers, said that close watchers of the ICJ’s July 23 ruling described it as perhaps the most significant climate development since the 2015 Paris Agreement.
At the time, the pronouncement marked the ICJ’s first-ever opinion on climate change and laid out that climate action is not optional.
The court said in a unanimous ruling that governments and countries have a legal obligation to protect the environment from greenhouse gas emissions, protect present and future generations from the climate crisis and to cooperate internationally.
Notably, the ICJ also found that fossil fuel production, including licensing and subsidies, “may constitute an internationally wrongful act which is attributable to that State.”
This opinion for investors, for capital market participants, really means something.
Günther Thallinger
Board member at Allianz
The ruling, which was the brainchild of young law students in low-lying Pacific island states and championed by the government of Vanuatu, is widely expected to have far-reaching legal and political consequences.
Speaking in a personal capacity, Thallinger said that while the ICJ’s opinion is based on existing law and conventions, the ruling could yet have meaningful ramifications for a vast range of assets — whether one cares about climate change or not.
“If one takes as an investor what the International Court of Justice just said, then a revaluation of these assets needs to happen. Every prudent investor must do this now,” Thallinger told CNBC by video call.
“Even if they don’t like the discussion around climate change, even if they would say they denigrate the Court of Justice completely, they must expect that, in some countries, some governments, some courts are going to follow this opinion,” Thallinger said.
“If they follow this opinion, it has asset valuation implications, quite clearly. So, this opinion for investors, for capital market participants, really means something.”
Licensing and subsidies
On the issue of licensing and subsidies, Thallinger said the ICJ’s ruling could prove to be a significant development.
That’s because licensing and permitting for the mining sector, for example, and government subsidies for fossil fuels could be at risk following the court opinion. The burning of fossil fuels such as coal, oil and gas is the chief driver of the climate crisis.
“If subsides are unlawful, then one should expect that subsidies are somehow stopped at a certain point in time,” Thallinger said.
“Now, certain business processes live on these subsidies or at least benefit to a certain degree on these subsidies. And, as always for an investor, usually you look simply at the cashflow, and if the cashflow part is missing or all of a sudden becomes much smaller then that means another valuation,” he added.
President of the International Court of Justice (ICJ) Yuji Iwasawa (C) and members issue first Advisory Opinion (AO) on States’ legal obligations to address climate change, in The Hague on July 23, 2025.
John Thys | Afp | Getty Images
The U.S. and China, the world’s two biggest carbon emitters, provided a mixed response to the ICJ’s ruling.
“As always, President Trump and the entire administration is committed to putting America first and prioritizing the interests of everyday Americans,” White House spokeswoman Taylor Rogers said in response to the court opinion, Reuters reported.
A spokesperson for China’s Foreign Ministry, meanwhile, said the ruling has a “positive significance” for advancing international climate cooperation and sought to reaffirm the Asian country’s status as a developing country.
Mixed signals
Not everyone is as concerned about the ICJ’s ruling from an investor standpoint.
“I feel like the wide spectrum of views that exist in the investor community on climate change, and the action that investors are supposed to take, will probably mean that the decision is a bit of a Rorschach test,” Lindsey Stewart, director of institutional insights for Morningstar, told CNBC by video call.
“People are just going to see things that kind of confirm their existing view,” he added.
A Rorschach test refers to a psychological assessment during which a person is asked to describe what they see in a series of inkblots.
Ida Kassa Johannesen, head of commercial ESG at Saxo Bank, said the ICJ’s intervention is a non-binding advisory opinion, rather than a ruling, “and this distinction is crucial.”
Companies with significant environmental footprints, such as those in the oil and gas, mining and heavy industry sectors, are likely to face increased litigation risk, which could affect their costs, valuation and reputation, Johannesen told CNBC by email.
“As a result, investors and particular large institutional investors may begin to reallocate capital away from high-risk sectors to manage exposure to climate-related legal and reputational risks,” she added.
Saxo Bank’s Johannesen pointed out that the U.S. and China both expressed reservations about the ICJ’s opinion, emphasizing its non-binding nature and calling for flexibility in climate action.
The Trump administration also recently signed into law the U.S. president’s One Big Beautiful Bill Act, a package that is favorable to mining and oil and gas companies.
“All this sends mixed signals which would probably lead to fragmented market responses between the world’s 2 largest economies and the [rest of the world], slow down global regulatory convergence and ultimately limit the (short-term) impact on markets and investor behavior,” Johannesen said.
A firefighter falls on the ground while working to extinguish a wildfire in San Cibrao das Viñas, outside Ourense, northwestern Spain, on August 12, 2025.
Miguel Riopa | Afp | Getty Images
A spokesperson at ABP, one of Europe’s largest pension funds, welcomed what they billed as “the spirit” of the court’s opinion, but said they do not anticipate any short-term ramifications for financial markets.
“The ICJ’s advisory opinion sends a signal that climate inaction may constitute a breach of international law. However, given its non-binding nature, we don’t expect immediate changes in national policies or financial markets,” an ABP spokesperson told CNBC by email.
The Dutch pension fund, which doesn’t invest in fossil fuels and says it actively supports climate solutions, highlighted that Europe, for example, already has a lot of climate legislation in place.
Global EV sales are still riding high, with 1.6 million EVs sold in July 2025, according to new data from global research firm Rho Motion. That’s up 21% from July last year, even though sales dipped 9% from June. It brings total EV sales for the first seven months of the year to 10.7 million – up 27% compared to the same period in 2024.
China stays on top
China continues to dominate, with 6.5 million EVs sold year-to-date, accounting for over half of all global EV sales. BEVs are still the top choice, with sales up 40% this year. Plug-in hybrids (PHEVs) didn’t fare as well, with domestic sales down 15% month-over-month and 10% year-over-year.
Even though Chinese EV sales dropped 13% in July from June, EVs made up over 50% of all passenger car sales for the third month in a row. The government is helping keep momentum going with another round of Q3 funding for its EV trade-in scheme, and a final 2025 round is expected in October.
Europe’s EV momentum is speeding up
Europe saw a 30% year-to-date jump in EV sales, reaching 2.3 million units. Germany and the UK are leading the pack – Germany’s up 43%, and the UK is up 32%. But France posted just a 9% year-over-year gain in July and is still down 11% for the year.
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To help turn things around, France is revamping its EV leasing program for low-income households starting September 30, aiming to support more than 50,000 purchases.
Meanwhile, Italy is the dark horse of 2025. Thanks to fresh incentives totaling around $700 million, EV sales are up 40%, and the country is quickly catching up to its neighbors. EV market share in Italy now stands at 11%, compared to 27% in Germany and over 30% in the UK.
North America stalls out except for one short-term boost
North America is lagging, with just a 2% bump in EV sales year-to-date. In the US, that’s partly due to policy uncertainty and tariffs. Automakers took a multi-billion-dollar hit in Q2, although some of that was offset by reduced requirements to buy zero-emission vehicle credits.
A spike in demand is expected in Q3, as buyers rush to take advantage of the Inflation Reduction Act’s EV tax credit before it expires on September 30, but a cooldown is then anticipated.
Some automakers are shifting their EV strategies: Ford recently announced a new “Universal EV Platform” and plans to launch a $30,000 midsize electric pickup with lithium iron phosphate (LFP) batteries by 2027.
And on the trade front, the US has inked deals with South Korea, Japan, and the EU to impose a 15% tariff on imported cars.
The bottom line
Chart: Rho Motion
Global EV sales are still charging ahead, even if the road is bumpy in some regions. China’s holding steady, Europe’s revving up, and North America’s waiting to see what happens next. Rho Motion data manager Charles Lester said, “Despite regional variations, the overall trajectory for EV adoption in 2025 remains strongly upward.”
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Another monthly subscription? Some Volkswagen EV drivers will now need to pay extra to unlock their vehicle’s full potential.
Volkswagen has put performance behind a paywall, at least for ID.3 drivers in the UK. The Volkswagen ID.3 Pro and Pro S are now listed with 201 hp on the UK website.
To unlock the vehicle’s full performance of 228 hp, drivers will now need to pay extra. You can choose from a monthly subscription, starting at £16.50 ($22) per month, or you can opt for a one-time lifetime fee of £649 ($880).
However, the one-time fee is attached to the vehicle, not the buyer. So if it’s sold, the upgrade goes with it. As Auto Express pointed out, the monthly payment is nearly three times that of a standard Netflix membership.
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Although the performance upgrade locks the extra power behind a paywall, Volkswagen said it doesn’t affect range.
Volkswagen ID.3 (left) and ID.4 (right)
Volkswagen isn’t the first, and likely not the last, to make drivers pay for their vehicles’ full potential. Remember when BMW tried to charge $18 a month for heated seats and other features in 2022?
Yeah, that didn’t go over so well. BMW has since dropped the subscription. Other brands, including Polestar, offer similar performance upgrades.
Volkswagen ID.3 GTX (Source: Volkswagen)
Will Volkswagen try to charge EV drivers in the US or other parts of Europe extra for performance? Given the backlash from BMW, it’s not likely. We’ll see how it goes over in the UK first.
The company is gearing up to launch a new series of entry-level EVs, starting with the ID.2 next year. An SUV version of the ID.2 is scheduled to launch shortly after, followed by the production version of the ID.1, which is set to arrive in 2027. Volkswagen is also considering a “mini Buzz” that could replace the Touran, but nothing has been confirmed.
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