Specialized, one of the leading manufacturers of high-end bicycles and e-bikes, has launched its first-ever value segment of e-bikes under the Globe line. The company’s launch model is an electric cargo bike known as the Globe Haul ST.
While Specialized calls it a cargo bike, the shorter wheel-base that keeps it in “normal bike” proportions helps put it into a class we often refer to as utility e-bikes. These are e-bikes with extra cargo capacity for hauling extra cargo or passengers, but without the extra bulk and length often associated with oversized electric cargo bikes.
The Globe Haul ST is priced at US $2,700, which might seem to be a bit higher than most budget-oriented e-bikes yet is positively low-cost for a premium brand like Specialized.
The company is pitching the Globe Haul ST as an affordable car-replacing electric bike that can handle many of the daily tasks that many people accomplish with a much larger vehicle.
As the company explained:
The Globe Haul ST represents a new category of e-bike for Specialized, one that fills the gap between a commuter e-bike and a car. The Globe line is designed with increased load capacity and a versatile accessory mounting system allowing riders to travel comfortably around the suburbs and exurbs as well as the off-the-beaten paths of their outdoor adventures.
Compared to many of Specialized’s electric bicycles that lean more toward European-style e-bike designs, the Globe Haul ST is rather Americanized.
That means a powerful 700W hub motor, a massive 772 Wh battery touting 60 miles (96 km) of range, large tires in a 20×3.5″ size, and a massive weight capacity of up to 419 lb. (190 kg).
Oh yeah, and the Class 3 top speed of 28 mph (45 km/h).
That being said, it’s missing one major piece of kit loved by the majority of North American riders: a throttle option. When we first got a look at teaser pics, I called out a thin wire tracing its way up to the right handlebar end. As it didn’t terminate in the brakes and thus couldn’t have been a common brake sensor, I suggested that it may be a giveaway for a throttle. Unfortunately I was a bit too optimistic, as it turns out it’s the switch for the ultra-bright 1,500 lumen headlight.
However, one of the many accessories option includes a plug-in throttle, so it sounds like the company is prepared to offer that option to those that prefer the ability to put their legs on autopilot for a period.
In true Specialized fashion, the bike is outfitted with some very nice parts compared to today’s mid-level e-bikes. Microshift’s 9-speed transmission makes an appearance, as do hydraulic disc brakes on massive 203 mm brake rotors, and there’s even a torque sensor for ultra-smooth and responsive pedal assist.
There’s a telescoping seat post that drops down ultra low for riders as short as 4’5″ (135 cm) or as tall as 6’4″ (193 cm). The rear rack is dual level to create enough space for panniers to clip on while potentially leaving the top bars unencumbered for extra cargo loading.
That rack seems to be a central part of several accessory options, as the company explained:
To further separate itself from the pack, the bike comes with a versatile mounting system and ecosystem of specifically-engineered accessories that allow riders to personalize with the storage and seating configuration best suited to their needs. The Globe Haul ST launches with an accessory line that includes front and rear pannier adaptors, a rear passenger seat, handlebars, and foot pegs, an MIK-ready front rack, rear wheel cover, and plug-in throttle. A rack customization kit also provides various hardware to bolt on just about anything to the front.
Even less critical parts like the included brass bell appear to be nicer quality than the typical accessories slapped on a lot of direct-to-consumer e-bikes.
Priced at US $2,700, the Specialized Globe Haul ST is available in dark and light colorways of Satin Obsidian and Gloss White Mountains. The bike is currently only available in the US, but Specialized representatives have told Electrek that there are still plans to expand international distribution “in the future.”
Electrek’s Take
I’m pretty darn impressed with the Globe Haul ST, and I’m glad to see a throttle option, even if it’s an up-charge. I can already tell you that the lack of a throttle would have considerably cut into the bike’s potential sales in the US. It’s not that all e-bikes have to come with a throttle – I love pedal assist as well. But there are so many US e-bike riders that simply won’t look at an e-bike that doesn’t at least give them the option of throttling when they’re tired.
I think it’s hard to talk about these step-through utility bikes without mentioning the RadRunner, especially since they borrow heavily from the setup popularized by Rad Power Bikes a few years ago. Even the nicest $2,500 RadRunner 3 Plus is still a bit more affordable than the Globe Haul ST, though I doubt Rad can compete with the quality of a brand like Specialized.
I’m loving the loadout here. And I’m loving the fact that you’re basically getting Specialized quality and attention to detail at a more direct-to-consumer price. In fact, the packaging and owners manual alone speak volumes about this e-bike and the company behind it. Most direct-to-consumer e-bikes expect you to say thanks for including a couple Ikea-quality hex wrenches produced out of a steel-butter alloy. But the Globe Haul ST comes with a full tool kit including a freakin’ torque wrench to make sure you not only assemble the bike properly but also torque all the bolts to spec. Mmmm, I love that.
Though for those that don’t want the hassle of self-assembly, Specialized also offers an option to have the bike shipped to their local dealer for professional assembly.
Images from the Globe Haul ST assembly manual
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The GV90 is set to raise the bar as the most luxurious Genesis SUV. If you thought the GV80 was impressive, wait until you see this larger, three-row electric flagship. After it was recently spotted in the US, we are getting our first glimpse of the ultra-luxe Genesis GV90’s interior.
First look at the Genesis GV90 interior in the US
Genesis previewed the flagship SUV at the NY Auto Show last March with the Neolun concept, which the brand refers to as its “ultra-luxe vision of luxury SUVs.”
It’s not only stunning on the outside, but the full-size SUV will introduce advanced new tech and upscale design features for “a whole new level of luxury.”
Drawing inspiration from Korean aesthetics, the interior is fit for royalty. The concept featured a “Royal Indigo” cashmere and a vintage-like “Purple Silk” leather. Genesis topped it off with dark-colored wood accents for an even more luxurious feel.
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After it was spotted in public in California, it looks like the interior of the Genesis GV90 will retain some elements from the concept.
The new photos, courtesy of The Korean Car Blog, offer a sneak peek at what we can expect when it arrives in production form.
You’ll notice that the color scheme remains largely the same, with purple accents on the door trim, seats, and other interior elements.
The GV90 will serve as the luxury brand’s tech beacon, featuring Hyundai Motor’s latest technology and software. A 24″ infotainment system will sit at the center with navigation and voice command recognition.
It will also feature a 3D audio experience with tweeters, midrange speakers, woofers, and subwoofers strategically placed, creating an immersive audio experience. The iconic Crystal Sphere is not only a centerpiece, but it will also serve as a hi-fi tweeter speaker.
According to Luc Donckerwolke, Genesis’ chief creative officer, the concept is “the epitome of timeless design and sophisticated craftsmanship.” Do you agree?
With GV90 models now in public testing, Genesis appears to be on track to launch the flagship SUV in mid-2026. Earlier this month, we got a closer look at the exterior after it was caught testing at the Nürburgring with less camo.
More details, including prices and final specs, will be revealed closer to launch. However, it is expected to ride on Hyundai’s new eM platform, which will replace its current E-GMP.
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The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.
In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023.
The original complaint accused the crypto exchange of violations including illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The agency also claimed that Binance unlawfully enabled trading in crypto assets it viewed as unregistered securities, an argument that was also used against Coinbase, Kraken, and others under prior SEC leadership.
The dismissal marks a symbolic end to one of the most aggressive crypto crackdowns in U.S. history, and comes as the Trump administration makes a concerted effort to prove that it’s an ally to the industry. The Justice Department has already shut down its crypto enforcement team, and the Commodity Futures Trading Commission is now set to be led by a venture capitalist with close ties to crypto.
Binance is the largest digital assets exchange in the world by volume. It recently forged ties with World Liberty Financial, a project that aspires to be a crypto bank and funnels 75% of profits to entities linked to the Trump family. Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the World Liberty team.
Binance and World Liberty are also deepening their footprint in Pakistan, where WLF co-founder Zack Witkoff, the son of U.S. Middle East envoy Steve Witkoff, recently struck a deal with the government. Around the same time, Zhao was appointed as an adviser to Pakistan’s newly formed Crypto Council, a state-backed body tasked with shaping national digital asset policy.
The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.
The agency’s motion to dismiss was granted with prejudice, meaning the SEC can’t refile the same claims.
Under the SEC’s new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It’s held a series of roundtables led by Commissioner Hester Peirce and newly appointed Chair Paul Atkins.
The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, “Bye, bye SAB 121! It’s not been fun.”
In February, the agency followed up with new guidance indicating that it doesn’t view most meme coins as securities under federal law, providing a boon to the Trump family.
President Trump and several of his family members are closely tied to crypto ventures, including the $TRUMP token, which launched just before his January inauguration. The coin currently boasts a market cap of about $2.4 billion, with its website claiming that 80% of the supply is held by the Trump Organization and affiliated entities.
After its electric vehicle sales more than doubled in the first quarter, GM claims it’s now the “#1 EV seller” in Canada. With a full lineup of 13 all-electric vehicles, GM sold more EVs than Tesla in Canada.
GM tops Tesla to become the #1 EV seller in Canada in Q1
GM’s electric vehicle sales in Canada surged by 252% in the first three months of 2025, with new Chevy and Cadillac models driving growth.
The Chevy Equinox EV led the way with 1,892 units sold, followed by the Silverado EV with 894 units. Cadillac’s new entry-level OPTIQ had a strong showing, with 615 models sold, nearly matching the 720 units sold of its first EV, the LYRIQ.
Even the GMC Hummer EV Pickup and SUV saw more demand, with sales up 232% (186) and 88% (252), respectively.
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Combined, the automaker sold a total of 5,750 EVs in Q1. According to GM, this was enough to top Tesla to become “the #1 EV seller in Canada.”
GM Canada recently posted on social media, saying, “We claimed the top spot as Canada’s #1 EV seller!” The news comes as registration data show that Tesla registered just 524 vehicles in Quebec in Q1, down 87% from the same period last year.
The steep decline in sales comes after the Quebec government paused federal EV incentives from February to April 1st. Canada also paused its iZEV rebate program in January, which offered up to $5,000 on the purchase or lease of an EV. Like the US federal EV Tax credit, it was designed to be used at the point of sale to help lower prices.
Chevy Equinox EV LT (Source: GM)
GM also registered significantly fewer Equinox and Blazer EVs in Quebec during the quarter. Despite higher year-over-year (YOY) sales, GM’s electric vehicle (EV) sales were down considerably from the over 15,000 in Q4 2024.
Cadillac OPTIQ EV (Source: GM)
The American automaker will continue to expand its lineup with the launch of the new Cadillac Escalade IQL, Lyriq-V, and Visiq.
By the end of the year, we also expect to get our first look at the next-gen Chevy Bolt EV with deliveries starting in 2026.
Electrek’s Take
GM is building momentum with new models rolling out, which now cover nearly every segment. In the US, GM surpassed Ford and Hyundai Motor, including Kia, to become the second-largest seller of EVs last year.
Chevy is now the fastest-growing EV brand in the US. The new electric Equinox, or “America’s most affordable 315+ miles range EV,” as GM calls it, is quickly becoming a top seller. The Blazer and Silverado EVs are also gaining traction.
Cadillac reported its best first quarter since 2008, with retail sales increasing by 21%. After delivering the first models in Q1, the entry-level OPTIQ is off to an impressive start with 1,716 units sold.
GM will top off its US electric vehicle lineup with the next-gen 2026 Chevy Bolt EV due out later this year or in early 2026.