Game-changing Lectric XPedition launched as affordable electric cargo bike
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.
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.
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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Environment
Trump’s Russia oil sanctions could just be starting as low prices leave room to escalate
President Donald Trump could further rachet up sanctions against Russia’s oil sector, with an expected global surplus of crude next year leaving the U.S. room to escalate while insulating American drivers from a price shock.
The Treasury Department on Wednesday announced sanctions against Rosneft and Lukoil, Russia’s two largest oil exporters, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”
The sanctions mark the “most material move to date by the United States to shutter the Russian war ATM,” Helima Croft, head of global commodity strategy at RBC Capital markets, told clients.
The sanctions took the oil market by surprise. U.S. crude prices spiked nearly 6% to trade above $60 per barrel in response after many traders had discounted the risk of escalation due to Trump’s focus on keeping energy prices low.
Benchmark West Texas Intermediate U.S. crude oil prices hit five-month lows Monday and are down nearly 14% this year. The market has been under pressure as OPEC+ increases production and renewed trade tensions between the U.S. and China trigger fears of a global economic slowdown.
Weaker oil prices have given Trump scope to act against Russia while shielding U.S. motorists, said Bob McNally, president of Rapidan Energy and a former energy advisor to President George W. Bush. The White House likely saw this as an opportune moment to hit Moscow, with the U.S. midterm elections still a year away, Croft said.
“It’s about hurting the Russian finance ministry while protecting the U.S motorist,” McNally said.
Escalation on the horizon
Trump’s sanctions, which take full effect Nov. 21, are likely designed to force Russia to sell its oil at a steeper discount to global benchmark Brent rather than immediately targeting Moscow’s export volumes, McNally said. This would reduce Russia’s petroleum revenue while avoiding a price spike that pinches Americans’ pocketbooks, he said.
But the oil market faces a looming surplus in 2026 that would give Trump more leeway to escalate sanctions against Russia further next year, by directly targeting its export volumes, according to the former Bush advisor.
This would carry the added benefit of aiding U.S. shale oil producers who are under financial pressure from low prices, McNally said. U.S. shale executives have been deeply critical of Trump’s push to lower crude prices in anonymous responses to a quarterly survey conducted by the Federal Reserve Bank of Dallas.
“You can afford to do it because next year it won’t cause $100 oil — if anything it will help oil prices from dropping to $20 a barrel and killing shale,” McNally said.
“Next year somebody has to cut big – OPEC, Russia, Iran or shale,” he said. “Take your pick. The president doesn’t want shale to lose 2 million barrels a day plus like it did in 2020. He may want $40 oil but he doesn’t want $20 oil.”
Immediate market impact
The oil market may be close to pricing in the sanctions after the announcement caught traders by surprise, McNally said. Where prices go from here depends on how the measures are implemented. If the sanctions are loosely enforced, U.S. oil could dip back into the $50s but there’s also a risk that prices could push higher if the administration takes a hard line, the analyst said.
Lukoil and Rosneft account for more than half of Russia’s more than 5 million barrels per day in exports, according to data provided by Kpler. Trump’s sanctions come after former President Joe Biden in January sanctioned Russia’s third and fourth largest producers, Gazprom Neft and Surgutneftegaz.
India remained the largest buyer of Russia crude oil in September followed by China and Turkey, according to Kpler data. Trump has been pressuring India with tariffs to stop its imports of Russian crude.
“Refiners in India, China and Turkey are expected to conduct internal risk assessments on dealings with the sanctioned Russian firms while waiting for clarifications from their governments,” Matt Smith, an oil analyst at Kpler told clients in a note.
That could lead to oil being “being resold — at steep discounts — to refiners willing to take the risk, such as already-sanctioned entities” or small, independent, privately-owned refineries in China, Smith said. “However, a major disruption to Russian crude exports appears unlikely,” he said.
Belgian aviation support brand Shire is hoping to change the airport ground support equipment (GSE) game with a line of purpose-built baggage and cargo tractors engineered from the ground up as electric vehicles.
A spinoff of M-ECS (Mertens Electrification & Control Systems), a Belgian engineering company with expertise in automation, electrification, IoT, and smart systems, Shire is leaning on its decades of engineering know-how to develop purpose-built electric GSE that, they believe, is vastly superior to retrofit designs that put electric motors in spaces originally designed for ICE.
“Retrofitting remains essential in the short term,” explains Toon (his real name) Mertens, founder of M-ECS. “But purpose-built electric machines are the real path to long-term efficiency, safety, and resilience.”
With the short distances driven at limited speeds under extreme loads, ground handling and support equipment (GHE/GSE) at airports present a nearly ideal use case for battery-electric vehicles. That’s a good thing, too. As demand for on-road fossil fuels drops, airports and airlines – historically responsible for about 4% Earth’s global warming – are becoming a bigger and bigger slice of a rapidly shrinking pie when it comes to the fossil fuel emissions generated by the aviation and air travel industries as a whole.
Shire’s first products are the all-electric baggage and cargo tractors shown, above. Shire calls these “a natural starting point,” as these vehicles alone can account for nearly 30% of ground emissions at major airports. But, as significant as those vehicles are, GSE is already looking into other vehicle families specifically tailored to the unique needs of its airport customers.
Shire product line
- Shire_TT22e: Electric baggage tractor with lead-acid battery (battery included). Li-ion option 50–70 kWh.
- Shire_TT22e-DC: Double-cabin (5 seats) baggage tractor, 80V 67.2 kWh Li-ion.
- Shire_TT30e: 4-ton cargo tractor, high-voltage 70 kWh Li-ion.
- Shire_TT40e: 6-ton cargo tractor, high-voltage 140 kWh Li-ion.
No word yet on whether or not Shire’s products will make it to North America — if they do, zero emission initiatives like those at the new JFK ONE terminal could make a great home for them.
SOURCE | IMAGES: Shire, via Airside.
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Tesla CEO Elon Musk managed to find a way to turn lobbying, which is typically one of the most efficient ways to spend money as a company, into a net revenue loser for his company – flipping the script again from a true “innovator” in the field of corporate destruction.
Tesla released its 10-Q filing today, to supplement its Q3 shareholder letter and conference call from yesterday’s quarterly report.
The filing gives us more detail about what’s going on with Tesla’s financials, namely, how Tesla managed to have record revenue last quarter and yet still have a 40% drop in operating income from the year-ago quarter.
One explanation for this drop is lost revenue from regulatory credits. Regulatory credits have been a relatively stable portion of Tesla’s earnings over the years, as it is one of few companies producing more electric vehicles than it is legally required to.
What are regulatory credits?
Several governments have committed to reducing pollution, and one way that they can do so is by requiring automakers to make less-polluting vehicles.
Generally, if an automaker fails to meet the guidelines set up by government, they have to pay a penalty for polluting the air too much and harming everyone with that pollution. Or, instead of paying that penalty, they can buy credits from a company that exceeded the guidelines, thus transferring money from the companies that are doing a bad job to the companies that are doing a good job.
Every government has a slightly different way of implementing requirements and credit swaps, but this is generally how it works on a high level.
Put aside for the moment that these penalties, or the cost of credit swaps, are almost always far lower than the actual amount of damage done by pollution, this is at least one method that governments can and have used to try to encourage cleaner air and lower health costs for the populations they govern.
Rules changed by republicans to cost you more money
That is, until the republican party came along. Buried in the $4 trillion giveaway to wealthy elites passed by republicans earlier this year was another provision to reduce the cost of regulatory fines in the US to $0.
Congress could not legally eliminate the fines, since they are mandated by the Clean Air Act, and republicans in Congress didn’t want to modify the Clean Air Act because it would be more obvious to everyone that they want dirty air, and because they didn’t have the votes to do so. But they did have the votes to do an end-run around democracy and eliminate the fines, which makes the regulation effectively useless.
So now, automakers have less incentive to work on making their cars more efficient. This means you’ll be buying more gasoline, that each gallon will have higher prices (and the increased price won’t go to any social good, but rather to line oil companies’ pockets), and that you’ll suffer from more air pollution which leads to higher health costs for everyone.
When, in contrast, President Biden had strengthened this rule, just the modifications made by his administration were estimated to save $600-700 over the lifetime of each vehicle, or $23 billion in total across the US. But that’s only from Biden’s improvement of the rule; the rule in total saves much more, in comparison to not having the rule at all.
But what does this all have to Elon Musk?
Elon Musk lobbied to have these rules removed, harming his company
During the 2024 US election, Elon Musk spent a total of $288 million on bribes to get anti-EV candidates elected. He did this despite full public knowledge that these candidates opposed electric vehicles, and had promised to harm them.
But, due to Musk’s social media addiction to his bizarre upside-down twitter feed, he and many others convinced themselves that somehow, harming EVs would be good for EVs.
So, Musk spent the millions, got what he wanted, claims it was all because of him (egotistical much?), and as a result, his company… is worse off.
According to the company’s 10-Q filing, Tesla lost $1.41 billion worth of revenue in just the last 9 months that it would have had if not for changes in regulatory regimes. Here’s the passage, in financial speak:
Automotive Regulatory Credits
As of September 30, 2025, total transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied for contracts with an original expected length of more than one year was $3.27 billion. Of this amount, we expect to recognize $877 million in the next 12 months and the rest over the remaining performance obligation period. Changes in regulations on automotive regulatory credits may significantly impact our remaining performance obligations and revenue to be recognized under these contracts. In 2025, governmental and regulatory actions have repealed and/or restricted certain regulatory credit programs tied to our products, contributing to the $1.41 billion decrease in our remaining performance obligations as of September 30, 2025 compared to December 31, 2024.
Translated, that means that the value of the various contracts that Tesla has to sell regulatory credits to other companies has reduced by $1.41 billion dollars as compared to where they were at the end of last year. Tesla says that the specific reason for this is due to the change in regulatory credits that its bad CEO lobbied for.
Some could argue that the value of Musk’s lobbying was to get a foot in the door, and to be able to influence republicans to do less anti-EV stuff than they might have otherwise done, but that hasn’t turned out to be the case. There is no indication that republicans have softened their anti-EV position, and in fact, they keep doubling down on trying to harm you and ignoring science. And besides, Musk hasn’t even maintained any relationships, after a very public breakup.
So, somehow, Musk managed to turn lobbying spend from one of the most efficient possible ways a corporation can spend money, into one of the most inefficient ways.
Lobbying is generally highly efficient spend; Musk flips the script again
Normally, lobbying is considered an incredibly efficient way for companies to make money. Various analyses have suggested that the average return on investment from lobbying dollars is anywhere between 22,000% and 104,000%. (Yes, this is a problem, but it’s not what we’re discussing at the moment).
However, in this case, lobbying produced a loss of 489% of the money spent – and that’s just counting the losses caused by the last 9 months, and only in regulatory credits. Those credits are pure profit, too, with no cost of revenue associated with them, so this is just a straight loss of money for the company and its shareholders.
In addition to those losses, there’s the lost revenue from vehicle sales. While this has not yet been recognized by the company, going forward Tesla sales will experience a dip now that all of Tesla’s automotive and home energy products – essentially, all of the products that Tesla sells – have been made more expensive in the US due to political changes.
Either Tesla can choose to lower prices to maintain post-credit pricing and take a hit to margins of $7,500 per vehicle and 30% on home energy products, or it can hold prices the same and lose customers due to lower affordability of its products, or it can release subpar long-awaited products that cost more and are worse than the thing they’re replacing.
Needless to say, none of these options are great for business.
And so, since vehicle credits didn’t end until the end of Q3, and since home energy credits go away at the end of this quarter (and if you want your last chance to get in before they do, get started here), that means business going forward from this quarter will be a lot worse.
In addition to the lost revenue from credits, there is another issue which is more difficult to track, but is definitely happening.
That is the issue of brand damage that Musk’s political activities have had on the company. Tesla is the only EV brand with negative perception, and it’s directly correlated to Musk’s political activities. His actions haven’t just harmed Tesla domestically, but abroad, where the company has lost business opportunities in in the UK, Australia, Germany, Denmark, and has seen falling sales in most territories, along with protests and embarrassed owners.
Tesla has already lost a lot of sales and will lose more, which means less revenue, and less profit. That $1.41 billion is just a start.
Despite directly harming Tesla, Musk wants you to pay him $1 trillion to stay on
Despite this horrendously inefficient use of funds by a CEO who has shown time and time again that he is outright hostile to the company he runs, Musk has also directed the company to spend more funds on an advertising effort to give him up to $1 trillion worth of Tesla stock.
The trillion-dollar number takes into account some optimistic stock growth for the company (which is unlikely given Musk’s recent performance as CEO, where earnings have dropped precipitously), but is still around 40x more than Tesla has ever made over its entire history. It’s also the largest CEO payday in history by multiple orders of magnitude.
Regardless of whether stock appreciates enough to give Musk all the shares covered under the plan, there is still room in the proposals for him to be granted well over 200 million newly printed shares of stock for doing nothing whatsoever, leading to dilution of voting rights and share value for current shareholders. The plan gives Musk’s personal friends on Tesla’s board significant discretion in this matter, and saddles the company with his poor leadership for another decade.
It would also give him a huge source of wealth, which he could turn into cash, to spend on other lobbying activities to harm Tesla’s business, as he has proven above that he is happy to do. If Musk can manage to lose Tesla $1.41 billion plus with $288 million, imagine what he could do with $1 trillion.
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