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Shelby America introduced its first production EV, the Shelby Mustang Mach-E GT, to celebrate the 100th anniversary of founder Carrol Shelby’s birth. However, the electric Shelby Mustang will only be available in Europe, and there will be extremely limited availability.

The history behind the Shelby Mustang

Founded in 1962 by former race car driver Carrol Shelby, Shelby America is best known for manufacturing and marketing performance vehicles and related parts.

After driving Ferrari and Maserati sports racing cars for several years, Shelby was invited to join Aston Martin, where he hit the peak of his career, winning the 24 Hours of Le Mans in 1959. However, a heart condition forced him to retire from racing a year later.

Although Shelby was impressed with the speed of the Ferrari, Maserati, and Jaguars, he was not amused with constantly repairing and maintaining them.

This led him to the idea of building a sports car and selling it for half the price of his competitors, coming up with the name “Cobra.”

Shelby contacted Chevrolet to source engines for the vehicle, but they turned him down as they didn’t want another Corvette competitor. So, he proposed the idea to Ford, and the company was intrigued by the thought of offering a sports car to compete with Chevy’s Corvette.

The Cobra dominated the Corvette in North America, winning from the east coast to the west coast. And in 1965, the Shelby Cobra beat Ferrari to win the World’s Manufacturers GT Championship, marking the only time an American vehicle manufacturer won the championship.

And as they say, the rest is history. Shelby is making another historic moment in its rich performance history by introducing its first performance electric car, a moment its founder long looked forward to.

Meet the electric Shelby Mustang Mach-E GT

Shelby editions of the Mustang have been around nearly as long as the legendary muscle car itself. The new performance EV will be based on the Ford Mustang Mach-E GT, with the Shelby package modifying the electric AWD vehicle to enhance handling and style.

The Shelby team has also reduced its weight, made the ride smoother, and tailored its style to improve performance. The company’s VP of operations, Vince LaViolette, explains:

This is our first foray into a production electric vehicle, so we spent a great deal of time testing EV’s on the track to understand their unique handling dynamics. Based on that experience, we lowered the SUV over an inch, cut weight off the top of it, reduced rotating mass to enhance stability and enhanced the aerodynamics.

After introducing a concept based on the electric Ford Mustang Mach-E in 2021, Gary Patterson of Shelby American said “The reaction was very positive,” leading the automaker to develop its first production version.

Although specifics on performance were not given, Shelby did provide several features you can expect to see included in the Shelby Mustang Mach-E GT, such as:

  • Carbon fiber hood
  • Carbon fiber grille
  • Carbon fiber front splitter
  • Carbon fiber mirror caps
  • Carbon fiber lower for trim
  • Over-the-top vinyl stripping
  • “Shelby” side running vinyl stripping
  • Custom Shelby floor mats
  • “Shelby” rear deck badging
  • Performance lowering springs
  • Shelby forged aluminum wheels
  • BORLA Active Performance Sound System

However, Shelby’s electric Mustang will only be available in Europe, with 100 packages being offered. They will be available to retrofit any privately-owned 2021-2023 model year Mustang Mach-E GT or can be added to a new vehicle by a Shelby American dealer.

Shelby American says the price for the electric performance Mustang will start at €24,900 (roughly $27,500), with production beginning in July. Ford Mach-E GT owners can contact Shelby Europe for more info.

As for why its Shelby Mustang Mach-E is only being offered in Europe, Aaron Shelby, board member of Carrol Shelby International and grandson to the company’s founder, responded:

We elected to initially offer the Shelby Mustang Mach-E GT only in Europe because sales of EV’s are growing much more rapidly there than in the USA.

He also noted the number of public charging stations has increased by 431% from 2016 to 2021, saying, “It just makes good business sense for Shelby American.”

Perhaps, with the number of EV chargers expected to rise rapidly across North America over the next several years due to the $7.5 billion in funding from the Infrastructure Investment and Jobs Act, Shelby may bring the electric performance Mach-E to the US.

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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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