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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.

But if you ask me, this is a poor man’s Tern GSD.

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.

Lectric XPedition e-bike

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.

Also, those tires may be custom but they’re still a standard size, so you can easily find tubes to fit.

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.

Lectric XPedition e-bike

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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CNBC Daily Open: Most people don’t start a political party after separation

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CNBC Daily Open: Most people don't start a political party after separation

US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.

Francis Chung | Bloomberg | Getty Images

When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

Trump confirms tariffs will kick in Aug. 1. That postpones the deadline by a month, but tariffs could “boomerang” back to April levels for countries without deals. Trump on Friday said letters with “take it or leave it” offers will go out to 12 countries Monday.

U.S. stock futures slipped Sunday. Despite the White House pushing back the return of “reciprocal” tariffs, some investors could be worried trade negotiations would result in higher-than-expected duties. Europe’s Stoxx 600 index dropped 0.48% Friday.

OPEC+ members to increase oil output. Eight members of the alliance agreed on Saturday to hike their collective crude production by 548,000 barrels per day, around 100,000 more than expected.

Elon Musk forms a new political party. On Saturday, the world’s richest man said he has formed a new U.S. political party named the “American Party,” which he claims will give Americans “back your freedom.”

[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.

And finally…

Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.

Pascal Rondeau | Hulton Archive | Getty Images

The CEO mindset is shifting. It’s no longer all about winning

https://www.cnbc.com/2025/07/06/the-ceo-mindset-is-shifting-its-no-longer-all-about-winning.html

CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.

In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure. 

— Spriha Srivastava

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Honda now has an electric Ruckus. Will they bring it to the US?

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Honda now has an electric Ruckus. Will they bring it to the US?

The Honda Ruckus has earned cult status thanks to its minimalist styling, exposed frame, and seemingly endless customizability. The scooter, also known in international markets as the Honda Zoomer, has spent years being seen as a blank canvas for scooter tuners, urban commuters, and anyone who just wanted something simple, small, and kind of weird to zip around town. A few years ago, Honda finally answered the call for an updated version by announcing and producing the “Zoomer e:”, which was an electric version of the Honda Ruckus. So where is it?

When Honda launched the all-electric version of the Ruckus, the Zoomer e:, back in 2023, many fans hoped it was only a matter of time before we saw it quietly glide onto U.S. streets.

But two years later, there’s still no sign of a stateside release, and no indication that Honda plans to change that anytime soon.

The Zoomer e: was first introduced in China in early 2023 alongside two other retro-inspired electrics: the Cub e: and Dax e:.

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The Zoomer e: keeps the stripped-down, industrial look of the classic gas-powered Ruckus, but swaps the 49cc engine for a 400W rear hub motor and a 48V 24Ah battery (around 1.15 kWh).

It was originally given a top speed of a mere 25 km/h (15.5 mph) to keep it street legal as an electric bicycle in its first market of China, where it also came with functional but stubby pedals so riders could pretend it was actually pedalable.

The first version of the electric scooter claimed a range of up to 80–90 km (50–56 miles) from its removable lithium-ion battery, depending on conditions.

An advertisement for a Honda Zoomer e: in the Philippines via Facebook

We’ve since seen the performance bumped up to 40 km/h (25 mph) top speeds when the scooter was introduced into the Philippines market, where the local L1B classification allowed for higher speeds. It’s fairly obvious that the performance can be software-tweaked by Honda depending on the market, though likely to a limit. To achieve speeds much higher than 25 mph, a motor and controller swap may be required, though neither would be complicated.

In other words, the electric Ruckus’ debut revealed an ultra-lightweight, street-legal runabout designed for countries with expansive low-speed e-bike laws. But in the U.S., these types of quasi-e-bikes that are actually scooters are few and far between. The same performance can be had from a $1,000 electric bicycle, and in fact, Class 3 e-bikes in the US can go nearly twice as fast as the original electric Ruckus.

So Honda obviously hasn’t been in a rush to bring its low-spec version of the bike to the US market, where it would be a slower and heavier competitor to the wide range of cheap imported electric bicycles. However, its iconic design and cultural legacy have kept enthusiasm up for riders who have managed to privately import their own models. One Redditor appears to have imported two Honda Zoomer e: models in parts to assemble in the US, while someone else posted a YouTube video of his completely assembled Honda Dax e: model that was launched along the Zoomer e:.

Despite clear consumer interest and a growing market for low-speed electric vehicles, as well as Honda’s own proven interest in growing its electric scooter market, the company hasn’t made any moves to release the Zoomer e: in the US. That’s not surprising since America still lacks a robust electric scooter culture (or even a gasoline scooter culture, for that matter), and anything motorcycle-shaped that doesn’t hit 30+ mph tends to get passed over by mainstream buyers.

But perhaps that could change one day. Technically, bringing the Zoomer e: to the US wouldn’t be a monumental task for Honda. The U.S. is a self-certify country, meaning Honda could design a version that meets federal vehicle safety standards, beef up the motor and controller for higher speeds, and sell it as either a Class 2/3 e-bike, or perhaps more appropriately, as a low-speed motorcycle with a top speed in the 35-45 mph range (55-70 km/h).

With the rise of micromobility, electrification, and growing frustration with car-centric cities, now might actually be the perfect time for a reborn electric Ruckus to hit US roads. But until Honda decides to take that step, American riders will have to keep dreaming – or start importing.

A private import of a Honda Zoomer e: to the US

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BMW ups the ante with the fastest, most powerful electric maxi-scooter

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BMW ups the ante with the fastest, most powerful electric maxi-scooter

BMW Motorrad’s futuristic electric scooter just got its first real refresh since beginning production in 2021. The BMW CE 04, already one of the most capable and stylish electric maxi-scooters on the market, now gets a set of upgraded trim options, new aesthetic touches, and a more robust list of features that aim to make this urban commuter even more appealing to riders looking for serious electric performance on two wheels.

The BMW CE 04 has always stood out for its sci-fi styling and high-performance drivetrain. It’s built on a mid-mounted liquid-cooled motor that puts out 31 kW (42 hp) and 62 Nm of torque. That’s enough to rocket the scooter from 0 to 50 km/h (31 mph) in just 2.6 seconds – quite fast for anything with a step-through frame.

The top speed is electronically limited to 120 km/h (75 mph), making it perfectly capable for city riding and fast enough to hold its own on highway stretches. Range is rated at 130 km (81 miles) on the WMTC cycle, thanks to the 8.9 kWh battery pack tucked low in the frame.

But while the core performance hasn’t changed, BMW’s 2025 update focuses on refining the package and giving riders more options to tailor the scooter to their taste. The new CE 04 is available in three trims: Basic, Avantgarde, and Exclusive.

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The Basic trim keeps things clean and classic with a Lightwhite paint scheme and a clear windshield. It’s subtle, sleek, and very much in line with the CE 04’s clean-lined aesthetic. The Avantgarde model adds a splash of color with a Gravity Blue main body and bright São Paulo Yellow accents, along with a dark windshield and a laser-engraved rim. The top-shelf Exclusive trim is where things get fancy, with a premium Spacesilver metallic paint job, upgraded wind protection, heated grips, a luxury embroidered seat, and its own unique engraved rim treatment.

There are also a few new tech upgrades baked into the options list. Riders can now spec a 6.9 kW quick charger that reduces the 0–80% charge time to just 45 minutes (down from nearly 4 hours with the standard 2.3 kW onboard charger). Tire pressure monitoring, a center stand, and BMW’s “Headlight Pro” adaptive lighting system are also available as add-ons, along with an emergency eCall system and Dynamic Traction Control.

BMW has kept the core riding components in place: a steel-tube chassis, 15-inch wheels, Bosch ABS (with optional ABS Pro), and the impressive 10.25” TFT display with integrated navigation and smartphone connectivity. The under-seat storage still swallows a full-face helmet, and the long, low frame design means the scooter looks like something out of Blade Runner but rides like a luxury commuter.

With these updates, BMW seems to be further cementing the CE 04’s role at the high end of the electric scooter market. It’s not cheap, starting around €12,000 in Europe and around US $12,500 in the US, with prices going up from there depending on configuration. However, the maxi-scooter delivers real motorcycle-grade performance in a package that’s easier to live with for daily riders.

Electrek’s Take

I believe that the CE 04’s biggest strength has always been that it’s not trying to be a toy or a gimmick. It’s a real vehicle. Sure, it’s futuristic and funky looking, but it delivers on its promises. And in a market that’s still surprisingly sparse when it comes to premium electric scooters, BMW has had the lane mostly to itself. That may not last forever, though. LiveWire, Harley-Davidson’s electric spin-off brand, has teased plans for a maxi-scooter-style urban electric vehicle in the coming years, but as of now, it remains something of an undefined future plan.

Meanwhile, BMW is delivering not just a concept bike but a mature, well-equipped, and ready-to-ride electric scooter that keeps improving. For riders who want something faster and more capable than a Class 3 e-bike but aren’t ready to jump to a full-size electric motorcycle, the CE 04 hits a sweet spot. It delivers the performance and capability of a commuter e-motorcycle, yet with the approachability of a scooter. And with these new trims and upgrades, it’s doing it with even more style.

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