
Ride to work on the SWFT BMX e-bike at 25% off, now $750 in New Green Deals
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While electric vehicles can be quite expensive, opting to take an e-bike to work is a way to lessen your fossil fuel reliance without breaking the bank. Right now, you can get the SWFT BMX e-bike on sale for $750, which is a 25% discount from its normal $1,000 going rate. This e-bike packs 35 miles of range as well as a top speed of 20 MPH, making it easy to ride to or from work without gas this summer. We also have a wide selection of Tesla and e-bike discounts in today’s New Green Deals, so you won’t want to miss that either.
Head below for other New Green Deals that we’ve found today and of course Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.
Lessen your fossil fuel reliance with an e-bike
Today only, as part of its Deals of the Day, Best Buy offers the SWFT BMX E-bike for $749.99 shipped. Today’s deal comes in at 25% off the normal $1,000 going rate and also marks the second-best price that we’ve tracked. The only time we’ve seen it go for less was back in January at $650. If you’re looking for a way to have fun this summer, then the SWFT BMX is a great way to do just that. It has 20-inch performance tires you’ll find that this e-bike is ready to handle both on- and off-road riding. It packs a lightweight frame with a built-in 36V 7.8Ah rechargeable battery that can last for up to 35 miles of riding before it’s time to plug back in. The handle-mounted throttle allows you to ride at up to 20 MPH under the bike’s power, and offers the possibility of faster riding when you pedal as well.
Not sold on riding around on an e-bike yet? Well, opting for an electric bicycle is a great way to help reduce your reliance on fossil fuels. Being electric, you can recharge the SWFT BMX from a normal wall outlet, but also the option exists to use solar power to top the battery off. This would mean that the SWFT BMX could be powered completely by renewable energy, which is something that most cars just can’t achieve. Plus, since it doesn’t use gas or oil, it’s quieter to run, has lower maintenance cost, and you’ll be able to enjoy the sunshine on the way to and from work this summer.

Trim your hedges without gas or oil
Amazon is offering the Greenworks 40V 24-inch Cordless Hedge Trimmer for $142.49 shipped once you clip the on-page coupon. Down 25% from the normal $190 going rate, today’s deal marks the second-best price that we’ve seen in all of 2023. For further comparison, you’ll find that it did go for $133 back in mid-April, with today’s deal being the only other time it’s been offered under $150. If you’re looking for a gas- and oil-free way to tidy up the yard ahead of summer parties.
This Greenworks hedge trimmer comes with a 2Ah battery and charger, which allows it to run for up to 60 minutes before it’s time to plug it back in. With 24-inch steel blades that have a 1-inch cut capacity, you’ll be able to easily spruce up the yard before friends or family come over. The rear handle rotates for improved ergonomics when cutting vertically and you can easily trim at multiple angles too. Plus, you won’t have to use a single drop of gas or oil here either, making it a greener way to work on the yard than your old gas-powered trimmer.

There’s still time to get mom a new Juiced e-bike for Mother’s Day with $200 off
To celebrate Mom, Juiced Bikes is giving $200 off all its regular priced e-bikes with the code MOM200 at checkout. Free shipping is included on all e-bike purchases as well.. Leading the way is the CrossCurrent X Step-Through which drops to $1,799 with this discount. Down from $1,999, this comes in at the best price that we’ve seen all-time actually. The open frame style of this e-bike makes it easier for just about anyone to get in, as you can just swing your legs in instead of having to lift them over an A-frame bar. However, this e-bike doesn’t lose any features to achieve this. You’ll still find Juiced’s latest G2 52V 15.6Ah battery here which allows it to go for up to 65 miles on a single charge.
Juiced’s CrossCurrent X e-bike can travel as fast at 28 MPH as well, which means that mom can easily get to or from the park without having to use the car. This helps her to reduce emissions in 2023 while also enjoying the great outdoors at the same time. You’ll also find that opting for an e-bike can help cut down on transportation costs since you only have to charge a battery to ride up to 65 miles, which means you won’t have to worry about paying for gas, oil changes, or tune ups that standard cards are known for needing.
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Greenworks 48V 20-inch cordless electric mower nears low at $264, more in New Green Deals - Get ready for summer trips with a 100W portable solar panel at $250, more in New Green Deals - First discount of ONYX CTY2 e-bike with 60-mile range takes $200 off, more in New Green Deals - GOLABS 518Wh power station with 100W USB-C PD now $315 (Reg. $450), more in New Green Deals - Delfast's e-bike offers 200-mile range and 50 MPH top speed at $200 off, more in New Green Deals - Greenworks' 48V 17-inch electric lawn mower falls to $210.50, more in New Green Deals - ROCKPALS 100W portable solar panel with 18W USB-C falls to $165, more in New Green Deals - BLACK+DECKER 40V electric string trimmer/edger and blower now $110, more in New Green Deals - Enjoy a gas-free experience with Greenworks' 24V string trimmer at $58, more in New Green Deals - RYOBI's 54-inch 115Ah riding mower cuts 3.5 acres per charge at $5,199, more in New Green Deals - Schwinn Healy Ridge e-bike with 25-mile range falls to new low of $950, more in New Green Deals - Greenworks launches extra 25% off electric yard tool summer sale in New Green Deals - Finish out the summer with no gas or oil: SKIL 20V 18-inch electric mower $255 in New Green Deals - Schwinn Marshall e-bike with 35-mile range sees first discount to $1,260 in New Green Deals - Ditch gas and oil with Greenworks' 12-inch 24V electric string trimmer at $57 in New Green Deals - Juiced HyperScrambler 2 e-bike with 100-mile range now $300 off at $2,699 in New Green Deals - BLACK+DECKER blower/vacuum/mulcher cleans your yard ahead of fall at $67 in New Green Deals - ONYX RCR e-bike with impressive 75-mile range hits second-best at $4,099 in New Green Deals - Anker's 256Wh portable power station with 60W USB-C PD falls to $200 in New Green Deals - Bugatti's first EV, an e-scooter with 25-mile range, sees first sale at $1,020 or less in New Green Deals - Renogy 100W solar panel 2-pack can generate a KWh per day at $183 in New Green Deals - Ride around town sitting down with $60 off Razor's electric scooter at $340 in New Green Deals - Sun Joe 15-inch electric hedge trimmer sees first discount to $29 (20% off) in New Green Deals - Razor EcoSmart Metro electric scooter with seat returns to 2022 low at $470 in New Green Deals - Use no gas with RYOBI's 54-inch 115Ah riding mower at $4,999 ($500 off) in New Green Deals - Sun Joe's electric pressure washer blasts dirt and grime away for $129 in New Green Deals - EGO's 56V brushless leaf blower preps you for fall at Amazon low of $249 in New Green Deals - Prep for fall with BLACK+DECKER's 22-inch corded electric hedge trimmer at $50 in New Green Deals - Renogy's 222Wh 5.3-lb. portable power station with 60W USB-C falls to $199.50 in New Green Deals - SWFT ZIP e-bike with 37-mile range arrives in time for fall at $1,200 ($200 off) in New Green Deals - Cut the grass without gas or oil with the WORX 20-inch electric mower at $194 in New Green Deals - EGO's 56V 16-in. cordless electric chainsaw is great for fall firewood at $239 in New Green Deals - Kobalt's 80V Max 21-inch electric mower with two batteries $649 ($100 off) in New Green Deals - Jackery Solar Generator 2000 Pro kit sees first discount to $4,245 ($754 off) in New Green Deals - WORX cordless electric string trimmer doesn't need gas or oil at $110 in New Green Deals - Super73 R electric motorbike with 75-mile range at low of $2,795 ($500 off) in New Green Deals - Razor C25 electric scooter goes 15 MPH to let you get around this fall at $378 in New Green Deals - Automate your A/C and heat with Honeywell's Wi-Fi thermostat at $80 in New Green Deals - WORX 8A 10-inch electric pole saw preps your yard for fall at $79 in New Green Deals - Husqvarna's Automower 415X electric robot mower falls to new low at $1,772 in New Green Deals - RYOBI 20-inch electric mower kit with four 18V batteries falls to $429 in New Green Deals - Cut for 130 minutes with EGO's 21-inch 56V electric mower at $549 in New Green Deals - Foldable solar panel with 20A power station charger, more now $140 in New Green Deals - Trim your trees with SKIL's 10-inch cordless 40V electric pole saw at $159 in New Green Deals - Segway's kid-focused Ninebot ZING C9 electric scooter sees first sale at $198 in New Green Deals - Greenworks 40V 21-inch brushless electric mower falls to $410 in New Green Deals - GOOLOO's 280Wh power station with 100W USB-C sees first discount to $160 in New Green Deals - Sun Joe's cordless pole saw reaches 15 feet and doesn't need gas or oil for $153 in New Green Deals - Segway Ninebot ES3 Plus electric scooter with 28-mile range now $490 (Refurb) in New Green Deals - Street legal Huck Cycles electric motorbikes up to $850 off from $5,150 in New Green Deals - Jetson Racer electric scooter with 15 MPH top speed falls to new low of $319 in New Green Deals - Jackery Explorer 1000 power station with three AC outputs hits $848 ($250 off) in New Green Deals - WORX Hydroshot is a battery-powered portable pressure washer for $138 in New Green Deals - CRAFTSMAN's 20-inch corded electric mower ditches gas and oil at $201 in New Green Deals - Bird Bike with 50-mile of range sees $800 discount to $1,500 in New Green Deals - Earthwise pole hedge trimmer with nearly 10-feet of reach falls to $97 in New Green Deals - ONYX CTY2 e-bike with 60 miles of range returns to all-time low at $3,500 in New Green Deals - Weather the storm with Anker’s 1,024Wh solar power station at $1,600 in New Green Deals - EGO's 24-inch 56V cordless hedge trimmer tidies up curb appeal for $179 in New Green Deals - This 100W solar panel kit with 20A charge controller falls to $191 in New Green Deals - Score a 2022 low on RYOBI's 115Ah 54-inch zero-turn mower at $4,899 in New Green Deals - Segway's E22 electric scooter includes a seat at $500 (Save $80) in New Green Deals - ecobee thermostats learn your routine to save on heating costs from $90 refurb in New Green Deals - Blast away upcoming winter grime with a 2,250 PSI $167 electric pressure washer in New Green Deals - Vacuum after cleaning leaves with this electric 2-in-1 20V blower at $72 (40% off) in New Green Deals - Popular Rad Power Bikes drop to best prices of the year from $499 in New Green Deals - Goal Zero's campsite-ready Yeti 1000 Core power station hits $899 (Save $201) in New Green Deals - Jackery's popular portable power stations and solar panels on sale from $126 in New Green Deals - Greenworks electric leaf blowers, mowers, more fall to best prices of the year in New Green Deals new green tesla deals](https://electrek.co/wp-content/uploads/sites/3/2021/06/Tesla-Deals.jpg?quality=82&strip=all&w=1000)
New Tesla deals
After checking out the SWFT BMX e-bike on sale above, if you keep read, you’ll find a selection of new green deals that will make your Tesla experience better in multiple areas. From storage to keep recordings on to phone mounts, car chargers, and anything else we can find, it’ll be listed below. Each day we’ll do our best to find new and exciting deals and ways for you to save on fun accessories for your Tesla, making each trip unique. For more gift ideas and deals, check out the best Tesla shop. Keep reading on for e-bike, Greenworks, and other great deals.

New e-bike deals + electric scooter discounts
If you’re looking to get out and enjoy the sunshine still after using your new electric mower, than we recommend you experience it than on another e-bike or electric scooter you just got at a fantastic price through one of our deals and sale below. You can use it for fun, exercise, or even transportation to and from work or the coffee shop. We have several people here that will regularly commute to coffee shops or offices on their e-bike, as it cuts down on fossil fuel usage as well as allows them to enjoy some time outdoors on nice sunny days. Below, you’ll find a wide selection of new e-bike deals and electric scooter deal in all price ranges, so give it a look if that’s something you’d be interested in picking up. As always, the newest e-bike deal and electric scooter discounts and sales will be at the top, so shop quick as the discounts are bound to go away soon.

Additional New Green Deals
After shopping the SWFT BMX e-bike on sale above, be sure to check out the other discounts we found today. These new green deals are wide-ranging from outdoor lawn equipment to anything else we find that could save you money in various ways, be that cutting gas and oil out of your life or just enjoying other amenities that energy-saving gear can bring. As always, the newest deals will be at the top, so shop quick as the discounts are bound to go away soon.
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Here are the best electric bikes you can buy at every price level in May 2025
Published
4 hours agoon
May 11, 2025By
admin

I’ve spent countless hours here at Electrek doing detailed hands-on testing of hundreds of electric bikes. Through thousands of miles of riding, I’ve been fortunate to learn these e-bikes inside and out, top to bottom and front to back. That long-term experience with real-world e-bike testing has helped me find the best electric bicycles on the market for just about any budget.
Below are some of the top e-bikes I’ve hand-tested for every price range, current as of May 2025. Summer is so close we can feel it, making this a great chance to start the riding season off with a fun and efficient electric bicycle! So check out the awesome e-bikes below, any one of which could become your next electric bike.
This list is divided into several price ranges. We’ll start with the best e-bikes under $1,000, then move on to the under-$2,000 category, under-$3,000 category, etc. The goal is to highlight some of my favorite models in various budget ranges to help you make the right decision based on your needs and budget.
The sub-$1,000 electric bike category is critical for a few reasons.
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First, it’s pretty hard to produce a quality e-bike and sell it for under $1k. Most of the options in this price category make too many sacrifices in quality or longevity to earn a spot on this list as one of “the best.”
Second, many first time e-bike buyers just aren’t prepared to drop several thousand dollars on a brand-new concept, making this price range critical for many new e-bike shoppers.
Fortunately, we’ve found some excellent options for cheap electric bikes that can still save you some serious dough.

Lectric XP LITE 2.0
The Lectric XP LITE 2.0 was recently updated and is now quite likely the king of bang-for-your-buck electric bikes.
For years, the $999 Lectric XP 3.0 has reigned supreme in the budget electric bike category. That’s still a great bike, and we’ll discuss it next, but the more affordable $799 Lectric XP LITE 2.0 is an even more wallet-friendly electric bike.
That new e-bike offers some great riding at under 800 bucks.
It’s a throttle-enabled Class 2 folding electric bike with 20″ wheels, a max speed of 20 mph (32 km/h) and a motor rated for 300W continuous and 819W peak. It’s not going to be the strongest hill climber, but it does get going quickly on flat and modestly hilly terrain.
And the biggest upgrades include hydraulic disc brakes as well as an optional Gates carbon belt drive system for an extra $100. Riders can also opt for a nearly double-sized battery for an extra $200.


This is the only e-bike in this price range that I know of with a 48V electrical system. All the other budget e-bikes under $800 use a 36V system and thus suffer from weaker power.
There are some things that you give up with this model, such as that the fenders aren’t included free. But for just $799, you’re still getting built-in lights, a hidden battery, large color LCD display and a lightweight folder. Plus it comes in five color options.
There’s a lot of value there!
Lectric XP LITE 2.0 quick specs
- Motor: 300W (819W peak) geared rear hub motor
- Top speed: 32 km/h (20 mph)
- Range: Claimed up to 72 km (45 mi) or 130 km (80 mi) with long-range battery)
- Battery: 48V 7.8 Ah (375 Wh)
- Weight: 22 kg (49 lb)
- Price: $799

Lectric XP4
The Lectric XP4 recently launched, replacing the Lectric XP 3.0 which was the previously undisputed best-selling electric bike in the US. The XP4 is expected to quickly take its title, racking up massive sales figures as riders flock to its extreme bang-for-your-buck. Simply put, it’s hard to find any other e-bike that offers this level of value!
The XP4 can get riders up to 28 mph (45 km/h) and now comes in either a 500W or 750W version, with respective battery sizes of 48V 10.4Ah and 48V 17.5Ah. The long-range version’s premium price tag ($1,299 vs the standard range model at $999) is perhaps even higher value than the already impressive base model.
Other upgrades include a new stronger rack design, torque sensor for smoother pedal assist, and improved hardware like the 8-speed transmission, hydraulic disc brakes, updated urban/trail hybrid-style tire tread, and a beautiful new TFT color screen.
The XP4 is hands-down the highest value e-bike I’ve ever tested and it’s quite obvious just how much time and effort went into building such a potent e-bike designed to fit so many different riders and tasks.


It’s hard to find a better combination of low cost and high performance anywhere in the e-bike market right now.
Lectric XP4 quick specs
- Motor: 500W or 750W geared rear hub motor (peaks at ~1,000W and ~1,300W)
- Top speed: 45 km/h (28 mph)
- Range: 45-85 miles (70-135 km) depending on battery choice
- Battery: 48V 10.4Ah (500 Wh), or larger 17.5Ah (840Wh) battery choices available
- Weight: 69-71 lb (31-32 kg)
- Price: $999

Ride1Up Portola
When Ride1Up launched the Portola, it was pretty obvious what the game plan was: fire a shot across Lectric Ebike’s bow with a direct competitor to the Lectric XP line. By all accounts, Ride1Up nailed it with an impressive competitor.
The Ride1Up Portola has a lot more going for it than just the attractice price of $1,095. The bike has great performance with a maximum speed of 28 mph (45 km/h) and great components including hydraulic disc brakes, front suspension, a built-in rear rack, and a 750W motor.
There are two battery options available, either a 48V 10.4Ah or a 48V 13.4Ah, and the larger battery only costs an extra $100.
I love the sleek-looking frame and apparently, I’m not alone. Those who are on the hunt for a good-looking folding fat tire e-bike that doesn’t break the bank will likely find this to be one of the more fashionable options.

Ride1Up Portola quick specs
- Motor: 750W geared rear hub motor
- Top speed: 45 km/h (28 mph)
- Range: Claimed up to 72 km (45 mi), but less if you’re heavy on the throttle
- Battery: 48V 10.4 Ah (504 Wh), or larger 48V 13.4 Ah battery available
- Weight: 27.2 kg (60 lb)
- Price: $1,095

Once you bump up above the $1,000 limit, you start to see many more great options for e-bikes in a wide range of categories.
From electric cargo bikes to cruisers and even electric mopeds, there’s something for everyone in this price range.
Lectric One
The Lectric ONE is listed in the “Best under $2,000” category, but in many ways, it’s the best in under a significantly higher dollar value. To put it into perspective, it’d be hard to buy the gearbox alone on this bike for under $2,000, and yet that’s the price tag of the entire bike! For just $1,999, you’re getting an e-bike with components normally found on $10,000+ bikes.
The Lectric One was unveiled as a lightweight commuter e-bike designed with an ultra high-end drivetrain based around the Pinion C1.6i auto-shifting gearbox. Paired with a Gates carbon belt drive and a true 750W-rated Stealth M24 motor (with 1,300 peak watts!), the Lectric ONE hits class 3 speeds in style with some extra premium components.


Lectric ONE quick specs:
- Motor: 750W rear hub motor (1.3 kW peak)
- Battery: 48V 10.4 or 14Ah (500Wh or 672 Wh)
- Top speed: 28 mph (45 km/h)
- Range: up to 75 miles (120 km)
- Weight: 55 lb (25 kg)
- Price: $1,999
JackRabbit OG2 micro e-bike
The $1,249 JackRabbit OG2 is in one of these fuzzy areas between e-bikes and other e-rideables. In this case, it straddles the line between an electric bike and an electric scooter.
It more or less feels like an electric bike based on its ride geometry. However, the lack of pedals means that it could also be classified as an electric scooter, albeit a large-wheeled e-scooter.
But with those 20-inch wheels and bicycle seat, the JackRabbit OG2 rides much more like a small folding e-bike than an e-scooter. And its electronics match that of a light e-bike too.
The 300W motor gets the little runabout up to 20 mph (32 km/h). The small 158 Wh battery only offers around 10 miles (approximately 16 km) of range, but is also conveniently small enough to easily keep a spare battery in a cargo pocket or even a small purse.
The biggest benefit of the JackRabbit is that it is so simple that the lack of frills keeps the weight down to just 25 lb (11.3 kg)! For an e-bike, that’s almost so light that it floats.
The company also released a higher power and larger battery capacity version too, which might be good for riders who want to push harder and go farther. For those that want to see a few more upgrades on this minimalist e-bike, the JackRabbit OG2 and XG might be more your size.
See my full review of the JackRabbit OG2 here.
JackRabbit OG2 quick specs
- Motor: 300W geared rear hub motor
- Top speed: 32 km/h (20 mph)
- Range: 20 km (12 mi)
- Bike weight: 11.3 kg (25 lb)
- Brakes: Rear mechanical disc brake
- Price: $1,249

Lectric XPedition 2.0
We called the Lectric XPedition e-cargo bike a runaway success right from the start, and that’s exactly what it turned into. Now with the new Lectric XPedition 2.0 on the road, it’s better than ever.
With heavy-hauling weight capacity, the option for one or two batteries for extra long range, hydraulic disc brakes and torque sensor-based intuitive feeling pedal assist, this e-bike is dragging electric cargo bikes into the future.
The $1,399 Lectric XPedition 2.0 has turned the electric cargo bike market upside down, bringing a heavy-hitting cargo e-bike to market for an ultra-affordable price.
While it’s not the fanciest cargo e-bike on the market (you’ll find those in the $4,000-$6,000 price range further down this article), it’s definitely the best bang for your buck thanks to a combination of high value parts and reasonable pricing.
Lectric XPedition 2.0 quick specs:
- Motor: 750W rear hub motor
- Battery: 48V 14Ah (672 Wh) with the option for a second battery (and higher capacity batteries)
- Top speed: 28 mph (45 km/h)
- Range: up to 75 miles (120 km)
- Weight: 74 lb (33.5 kg)
- Price: $1,399

Rad Power Bikes RadKick
The RadKick is Rad’s most recently unveiled budget e-bike and is a return to form for the company that got its start as a budget-minded e-bike brand.
The RadKick is designed with minimalism in mind, yet still offers a number of great features. Available in both a 7-speed version ($1,399) and a single-speed belt-drive version ($1,199), the RadKick is great for those that want a fairly lightweight e-bike for a great price.
You give up a bit of power and range compared to Rad’s other models with more battery capacity and higher power motors, but you get a lot of value in return. The bike features a torque sensor for great performing pedal assist, hydraulic brakes for smooth and maintenance-free braking, included rack and fenders, LED lighting, a color LCD display, right-side half-twist throttle, SafeShield potted battery from Rad (UL-compliant and designed to be fireproof), and is compatible with a wide range of Rad accessories.
To be honest, this is the e-bike that I’ve been waiting for Rad to launch.
- Motor: 500W rear hub motor
- Battery: 36V 10Ah (360 Wh)
- Top speed: 20 mph (32 km/h)
- Range: Up to 35 miles (56 km)
- Weight: 55 lb (25 kg)
- Price: $1,199 to $1,399

Aventon Soltera.2
The $1,399 Aventon Soltera.2 is the latest version of Aventon’s beautiful city bike that offers some of the best quality fabrication that I’ve seen in this price range – or even in higher price ranges. It is offered in either a single-speed or seven-speed format.
The bike rolls on narrow tires for that efficient city ride, while still packing in a 500W motor.
The battery is a bit smaller at 36V and 10Ah, but the bike makes up for a smaller battery by being able to integrate it into the frame in a sleek and attractive package.
The beautiful color display also adds to the bike’s charm, as do the powerful headlight and frame-integrated tail light. There’s even an awesome companion app that lets your phone track your bike’s important stats. Basically, you’re getting a lot for $1,199 here!
Check out my in-depth Aventon Soltera.2 review here.
Aventon Soltera.2 quick specs:
- Motor: 500W peak-rated rear hub motor
- Battery: 36V 10Ah (360 Wh)
- Top speed: 20 mph (32 km/h)
- Range: 20-63 miles (32-101 km)
- Weight: 46 lb (21 kg)
- Price: $1,199


Ride1Up Roadster V3
Ride1Up has proven itself as a high-value electric bike brand, focusing largely on efficient and speedy commuter e-bikes. While the company has many models in the $1,000 to $2,000 range, the $1,295 Ride1Up Roadster V3 is one of the best bang-for-your-buck options in the lightweight category.
This 500W-rated e-bike offers Class 3 performance, meaning you can hit speeds of up to 28 mph (45 km/h), or a still impressive 20 mph (32 km/h) if using the throttle. But sticking to pedal-assist means you get to enjoy that quality torque sensor for smoother pedaling. The bike even comes with an option for either a belt drive or a 10-speed Shimano transmission, and three frame sizes to choose from.
The V3’s design was updated with many new features, including a now-removable battery for even more convenient charging both on and off the bike. And with a sub-40 lb weight, it’s hard to beat this one on a pound for pound basis!
Ride1Up Roadster V3 quick specs:
- Motor: 500W rear hub motor
- Top speed: 45 km/h (28 mph)
- Range: 32-64 km (20-40 mi) throttle vs. pedal assist
- Battery: 36V 10Ah (360 Wh) with genuine LG cells and UL certified
- Weight: 17.6 kg (39 lb)
- Price: $1,295
Check out my full review of the Ride1Up Roadster V3 here:

Lectric XPeak
Lectric Ebikes recently expanded into larger territory with the launch of the new Lectric XPeak. It’s the company’s first e-bike with a larger than 20″ wheel size, bringing some chunky 26×4.0″ tires into the company’s inventory.
The XPeak takes the form of a typical adventure-style fat tire electric bike. It features a hardtail design with a suspension fork, high volume tires, hydraulic disc brakes and a relatively large battery that is certified by the Swiss testing agency SGS to meet UL 2849 standards.
The bike is also tested to higher standards for ruggedness of the frame and fork than most e-bikes in this price range, meaning it’s likely going to last longer too. As far as fat tire adventure-style e-bikes go, there’s no better bang for your buck than the Lectric XPeak.
Lectric XPeak quick specs:

Ride1Up Turris
The Ride1Up Turris is Ride1Up’s touring-style electric bike, meaning it is built for a bit of everything from asphalt and bike lanes to narrow nature trails and gravel roads. Plus, at its current crazy-good sale price of US $1,195, this is an unimaginable steal!
The raised bars, suspension fork, and comfortable seat make it a pleasure to ride for the longer distances that many people cover on touring-style rides. The high-performance 750W hub motor and 28 mph (45 km/h) top speed make it a blast for quick errand running and fun commutes.
High-quality parts like hydraulic disc brakes complete the package, and the included fenders add even more value, especially when the bike is used as an on-road commuter.
At just $1,195, the Ride1Up Turris is priced way below fair market value, which makes this an absolute steal of a deal.
Ride1Up Cafe Cruiser quick specs:
- Motor: 750W rear geared hub motor
- Top speed: 45 km/h (28 mph)
- Range: 50-80 km (30-50 mi)
- Battery: 48V 14Ah (672 Wh)
- Weight: 29 kg (65 lb)
- Price: $1,195


Rad Power Bikes RadRunner
The RadRunner from Rad Power Bikes has been an industry favorite ever since it was first announced back in 2019. The company is actually on the RadRunner 2 now, but the update only made minor changes since the original was already so well-designed.
The bike uses a step-through moped-style frame to create a short utility bike or mini cargo e-bike. It’s quick up to the 20 mph top speed and offers a ton of uses. When outfitted with the Passenger Package, it has a seat and footpegs that let you carry kids or adults on the back, turning this into a multi-passenger e-bike.
The high-capacity battery and powerful motor also make for sprightly acceleration and longer than average rides, so you’ll have enough power to ride all day.
The RadRunner is truly one of those do-anything e-bikes because it has so many uses. The same bike can be used for fun recreational riding, city commuting, trail riding, or grocery shopping. There’s something for everyone.
There’s even an upgraded version known as the RadRunner Plus, which adds suspension, a seven-speed transmission, a more detailed display, and the passenger package, though the RadRunner Plus costs a bit more at $1,899.
Check out my complete review of the RadRunner 2 here.
RadRunner 2 quick specs:
- Motor: 750W rear geared hub motor
- Top speed: 32 km/h (20 mph)
- Range: 45-72 km (25-45 mi) depending on user input
- Battery: 48V 14Ah (672 Wh)
- Weight: 29.5 kg (65 lb)
- Price: $1,399




Electric Bike Company Model Y
Electric Bike Company is one of the only e-bike manufacturers that actually builds its electric bikes in the US from the ground up.
They start with bare frames and perform the entire build locally with highly trained e-bike technicians. That also allows them to offer more customization options than any other e-bike company out there.
The $1,949 Model Y is a step-through cruiser e-bike with a hidden battery in the front basket. It offers fast speeds up to 28 mph and high-quality parts like hydraulic disc brakes and top-end hardware. The color screen and leather accents on the seat and bar ends add to the classy look too!
The real treat though is getting to select the custom paint on every surface of the bike, plus your own rim colors, trim colors, and tire options. It’s incredibly customizable to the point where you’re virtually guaranteed to be able to create a truly one-of-a-kind electric bike if you wish.
Check out my full review of the Electric Bike Company Model Y here.
Electric Bike Company Model Y quick specs:
- Motor: 1,000W peak rear geared hub motor
- Top speed: 45 km/h (28 mph)
- Range: Up to 80 km (50 mi) with moderate pedaling
- Battery: 48V with either 9Ah (432 Wh) or 18Ah (864 Wh) options
- Weight: 26 kg (58 lb)
- Price: $1,949


Velotric Discover 2
Velotric has a number of interesting e-bikes in its lineup, and I’m enjoying testing several of the company’s new models. But one of my favorites so far—thanks to its excellent on-road abilities—has got to be the Velotric Discover 2.
The e-bike isn’t just powerful or surprisingly smooth pedaling, it’s also quite safe. The punchy hydraulic disc brakes offer quick and controlled stops while the UL-certified battery and e-bike systems offer safe operations, removing the worry of dangerous thermal events.
For just $1,899 at its current sale price, riders are getting 15 pedal assist settings, a torque sensor, IPX7 waterproof rating on the battery (meaning the battery can be submerged in water), and robust strength testing that goes above and beyond typical ISO testing for e-bikes. This is an excellent bike for both commuting and pleasure rides, making it a great all-around option!
Check out my full review of the Velotric Discover 2 here.
Velotric Discover 2 quick specs:
- Motor: 1,100W peak rear geared hub motor
- Top speed: 45 km/h (28 mph)
- Range: Up to 120 km (75 mi) on pedal assist
- Battery: 48V 14.7Ah (705.6 Wh) frame-integrated, removable
- Weight: 28.5 kg (63 lb)
- Price: $1,899




Velotric Packer electric cargo bike
There are a lot of electric cargo bikes on the market, but the Velotric Packer has recently become one of my go-to recommendations for several reasons. It’s fairly priced, has loads of cargo accessories, includes a UL-certified battery, comes in some eye-catching colors, and works well for transporting my three nieces and nephews around with me.
At its sale price of $1,699, this is definitely an electric cargo bike to have on your short list for it’s slick-looking design and great functionality.

Check out my full review of the Velotric Packer here.
- Motor: 750W (1,200W peak) rear-geared hub motor
- Top speed: 20 mph (32 km/h) or 25 mph (40 km/h) when unlocked
- Range: Up to 52 miles (84 km)
- Battery: 48V 15Ah (692 Wh)
- Weight: 75 lb (34 kg)
- Price: $1,699


By the time you surpass the $2,000 dollar mark, you’re starting to get into serious e-bikes with serious performance or build quality.
If you’re spending this much, you’ll want to ensure you’re buying from a reputable company with top-notch products and service.
Ride1Up Prodigy V2 mid-drive e-bike
The $2,295 Ride1Up Prodigy V2 has brought new meaning to the phrase “low-cost mid-drive electric bike”, updating an already impressive e-bike with a new next-gen setup.
This e-bike sports a high-end German-manufactured Brose mid-drive motor and can hit speeds of up to 28 mph (45 km/h), yet is price similarly to much cheaper hub motor-based electric bikes.
It’s a perfect commuter e-bike for someone who wants high-quality parts like that German mid-drive motor with 90Nm of torque, hydraulic disc brakes, bright LED lights, included fenders, rear rack, and a very comfortable saddle. Plus there’s a choice between a nice 9-speed chain drive transmission or a fancier Gates Carbon Drive belt setup with an Enviolo continuously variable transmission.
This e-bike is easily worth another $500 more than the price tag, if not more. In fact, you’ll find many of these same components on e-bikes with $3,000-$4,000 price tags all over the place. So if you’re looking for a higher quality e-bike that doesn’t cost as much as a fancy bike shop e-bike, this is the one to consider.
Ride1Up Prodigy quick specs:
- Motor: Brose TF Sprinter mid-drive
- Top speed: 28 mph (45 km/h)
- Range: 30-50 miles (50-80 km)
- Battery: 36V 14Ah (504Wh)
- Weight: 58 lb (26 kg)
- Price: $2,395

Priority Current Plus
I love the $3,299 Priority Current electric bike so much that it has become one of my daily riders. It’s the one I grab when I’m doing city riding and I know I want to be pedaling.
While the original version was already a great bike, the new Current Plus adds some key improvements, such as an included throttle and a nearly 50% larger capacity battery for more range. The throttle is great in a pinch, but the bike is also just so much fun to pedal thanks to a torque sensor-based pedal assist that provides natural feeling assistance up to a fast 28 mph top speed.
The internally geared rear hub combined with a Gates belt drive system and powerful hydraulic disc brakes make this a very nice e-bike for the price. Plus that mid-drive motor offers tons of torque (140 Nm!) for climbing hills or accelerating quickly.
I’m also a fan of the built-in lights and included fenders, not to mention the punchy hydraulic disc brakes and Goodyear tires.
Mid-drive electric bikes aren’t cheap, but the price is definitely a fair one for this e-bike.
Priority Current Plus quick specs:
- Motor: 500W mid-drive motor with torque sensor
- Top speed: 28 mph (45 km/h) or 20 mph (32 km/h) user-selectable
- Range: 40-75 miles (64-120 km)
- Battery: 720 Wh frame-integrated battery
- Weight: 24 kg (53 lb)
- Price: $3,299


Ride1Up CF Racer1
I’m not normally a carbon fiber, drop bar, race bike kind of guy. But then again, that’s usually because those types of bikes are way out of my price range… until now.
The Ride1Up CF Racer1 brings carbon fiber road e-bikes to the common man, offering both a traditional road bike and a gravel bike edition.
At under 29 lb (13 kg), these e-bikes are some of the lightest around. I picked one up with my index finger and was shocked at how easily it left the ground.
To get there, that meant a relatively low-power motor and a smaller battery were required. But for the folks that ride these types of bikes, a big motor and heavy battery probably aren’t on their wishlist anyway. Instead, a simple extra boost, as if you’ve always got a tailwind, helps augment your own pedaling.
For just $2,295, there’s no better deal out there for a budget-friendly carbon fiber road e-bike.
Ride1Up CF Racer1 quick specs
- Motor: 250W 42 Nm torque
- Top speed: 28 mph (45 km/h) on pedal assist
- Range: 16-40 miles (26-64 km)
- Battery: 252 Wh frame-integrated battery
- Weight: 12.9 kg (28.6 lb)
- Price: $2,295

Ride1Up REVV1 FS
This full-suspension electric moped-style e-bike is a masterclass in high performance electric bike design. Sure, it’s an obvious SUPER73 imitation, but it’s a really well done imitation.
It handles well, it’s got great rubber between you and the road, the suspension gives a comfortable ride, and it’s got plenty of extra power.
Despite the 750W label, the e-bike can be unlocked to make use of nearly 1,500W of peak power. I was able to reach a top speed of 37 mph (59.5 km/h) during my testing (not on public streets!).
But the bike ships in Class 2 mode with a 750W limit and 20 mph (32 km/h) maximum speed, meaning you’ll have to contact the company to request an unlock for the bike to be used above Class 2 speeds and power levels.
All in all, the $2,395 Ride1Up REVV1 FS is an amazing e-bike for anyone who wants a moped-style ride with full-suspension, high quality 4-piston hydraulic disc brakes and a design that rides almost like a motorcycle, yet in a bike form factor.
Check out my complete Ride1Up REVV1 FS review here.
Ride1Up REVV1 quick specs:
- Motor: Bafang 750W continuous rear hub motor
- Top speed: 20 mph (32 km/h) out of the box, 37 mph (59.5 km/h) when unlocked
- Range: 30-60 miles (48-96 km)
- Battery: 52V 20Ah (1,040 Wh)
- Weight: 93 lb (42 kg)
- Price: $2,395

Tern Quick Haul
The Tern Quick Haul is an electric cargo bike from the famed cargo e-bike company Tern. It holds the distinction of being the most affordable model in Tern’s lineup.
That says a lot, because Tern is known for its high quality e-bikes that are built to be ridden every day for real world errands, carpool duty and more. These e-bikes are meant to replace cars, and they do just that for many riders. With a huge list of accessories, you can outfit a Quick Haul for just about any job.
The Tern Quick Haul features a mid-drive Bosch motor, hydraulic disc brakes, Tern’s vertical parking rack, and a relatively lightweight but high utility design that is meant to carry just about anything in your life.
We had the chance to test a pair of Quick Hauls at Eurobike in Frankfurt last year, which you can learn more about here.
Motor: Bosch Active Line Plus mid-drive motor
Top speed: 20 mph (32 km/h) with pedal assist (no throttle)
Range: Up to 60 miles (96 km), less when riding in highest power
Battery: 400Wh, removable/lockable
Weight: 50 lb (22.8 kg)
Price: $2,999

Ariel Rider X-Class
When it comes to fast, powerful electric mopeds on a budget, it’s hard to compete with the $2,399 Ariel Rider X-Class. This is the e-bike I usually recommend when someone simply wants the most power and speed for the least amount of money.
The impressive performance comes from a powerful 1,000W motor that actually puts out closer to 2,000W of peak power. It can be limited to 20 mph if you’d like, but I got it up to 36 mph in unlimited mode.
The bike rolls on 20″ moto-style wheels and comes with nice parts including hydraulic disc brakes, a bench seat, dual suspension, and a big moto-style headlight.
You can see my full review of the Ariel Rider 52V X-Class here.
- Motor: 1,000W (2,000W peak) rear hub motor
- Top speed: 36 mph (58 km/h), but can be limited to Class 2 speeds
- Range: Up to 75 miles (120 km), less when riding at top speed
- Battery: 52V 18Ah (936 Wh), removable/lockable
- Weight: 80 lb (36 kg)
- Price: $2,399


Xtracycle Hopper electric cargo bike
The Xtracycle Hopper is something of a Goldilocks cargo bike, in my opinion. It’s not as a big as a traditional long tail cargo bike, but it’s still big enough to carry multiple kids or a week’s worth of groceries.
It’s also not as pricey as the expensive $5-7k bike shop cargo e-bikes, yet it’s much higher quality than the typical direct-to-consumer cargo e-bikes.
I’ve tested it for all sorts of cargo jobs and even put my friends and family on it to take their kids to school and let me know how it works for them. Everyone has come away impressed with the ride feel, which seems much more like a traditional bike than a bulky cargo bike.
For the money, the Xtracycle Hopper offers incredibly value and much higher quality construction than you’d get with entry-level brands.
Check out my full Xtracycle Hopper review here.
RadRover 6 Plus quick specs:
- Motor: 750W geared rear hub motor
- Top speed: 45 km/h (28 mph)
- Range: 32-80 km (20-50 mi) depending on throttle or pedal assist
- Battery: 48V 15Ah (720 Wh)
- Weight: 38.5 kg (85 lb)
- Price: $2,999



Above $3.5k, you’re entering some seriously dedicated e-bike territory.
These e-bikes either feature top-shelf components like drivetrain and brake parts, or pack in so much power that they couldn’t possibly be priced any lower.
Either way, you’re not in Kansas anymore. You’re heading down the e-bike rabbit hole.
Tern HSD
Tern is renowned for building high-quality electric bikes that double down on utility features. The newly updated Tern HSD is the company’s more affordable utility e-bike, offering many features you’ll find on its higher end GSD but at a price that more riders can stomach.
The HSD uses small 20″ wheels and includes a folding stem, making it nice and compact. But taking it one step further, Tern outfitted it with its innovative rack that lets you park the bike on its tail, meaning it takes up barely more space than a coat rack in the corner of a room.
The bike’s Bosch mid-drive and high capacity batteries provide a high-end e-bike drive, and they are matched with a variety of performance drivetrain options that you can select from, depending on how high you want to spec the bike.
Whether you’re ferrying around kids or buying a week’s worth of groceries, the HSD is a solid option.
Check out my detailed first ride experience on the Tern HSD here.
Tern HSD quick specs:
- Motor: Bosch Active Line Plus mid-drive
- Top speed: 32 km/h (20 mph) with electric assist
- Range: 42-110 km (26-69 mi) depending on pedal input
- Battery: Bosch PowerPack 400 Wh
- Weight: 25.4 kg (55.9 lb)
- Price: $4,299


CSC FT1000MD
The CSC FT1000MD sounds like a motorcycle name because it comes from a company with motorcycle heritage. CSC Ebikes was born out of CSC Motorcycles, a company with several decades of two-wheeler experience.
The FT1000MD is the company’s highest power option. The fat tire e-bike comes with a 1,000+ watt motor known as the Bafang M620 Ultra. It’s the most powerful and highest torque e-bike mid-drive motor on the retail market. CSC paired it with a big battery, quality suspension, hydraulic brakes, built-in lighting, and more to create a high performance and high-quality adventure e-bike.
I was able to hit speeds of around 34 mph with the motor in unlocked format, though you can limit it to 20 or 28 mph to fit into class 2 and class 3 designations.
Check out my full review of this incredibly powerful e-bike here.
CSC FT1000MD quick specs:
- Motor: 1,000W continuous Bafang M620 mid-drive
- Top speed: 54 km/h (34 mph) when unlocked
- Battery: 48V 16Ah (768Wh) with Samsung 35E cells
- Frame: 6061 aluminum
- Suspension: Front suspension fork with preload and damping adjustment, plus lockout
- Brakes: Tektro hydraulic disc brakes with 180 mm rotors
- Weight: 34 kg (75 lb)
- Price: $3,299 or save $200 with discount code ELECTREK



Ariel Rider Grizzly
When it comes to all-wheel-drive electric bikes, the $3,299 Ariel Rider Grizzly is one of my favorites.
This incredible e-bike is really more of a small electric motorcycle. It uses two high-power motors – one in each wheel – to offer speeds in the mid-30s and acceleration that will get you there in the blink of an eye.
Full suspension and hydraulic disc brakes make this an e-bike that handles well at any speed, and the bright red paint job looks as aggressive as the e-bike feels. It even comes with footpegs pre-installed so you can carry a passenger with you.
Plus it’s got double batteries to feed those two power-hungry motors, so you’ll be able to ride this e-bike pretty darn far too, as long as you aren’t too demanding from the throttle.
Check out my full in-depth review of the epic Ariel Rider Grizzly e-bike here.
Ariel Rider Grizzly quick specs:
- Motors: Dual 1,000W continuous hub motors (1,850W peak or 3.7 kW combined)
- Top speed: 36 mph (58 km/h) when unlocked, but can be limited to Class 2 speeds
- Range: Up to 75 miles (120 km), less when riding at top speed
- Battery: 52V 35Ah (1,820 Wh) between two removable/lockable batteries
- Weight: 105 lb (47.6 kg)
- Price: $3,299


Specialized Turbo Como SL
For more of a cruiser/city e-bike experience, the $4,800 Specialized Turbo Como SL is a great option. This e-bike offers a much more upright ride for a fun, relaxed vibe.
The e-bike features a high-quality mid-drive motor, hydraulic disc brakes, Gates carbon belt drive, and an eight-speed internally geared hub. Those are a lot of nice parts!
And don’t forget the slim fenders, front basket, and cruiser bars that all look super elegant, complimenting the nice lines of the Turbo Como SL.
This may not be a low-cost e-bike, but it definitely offers a ride that makes it worth it.
See my full review of the Specialized Turbo Como SL here.
Specialized Turbo Como SL quick specs:
- Motor: Custom Specialized SL1.1 mid-drive motor
- Top speed: 45 km/h (28 mph)
- Range: Up to 100 km (62 mi), or 50% more with range extender
- Battery: Downtube-integrated 320 Wh battery
- Weight: 20.5 kg (45 lb.)
- Price: $4,800


Greyp T5
If you’ve been looking for a high-end trekking electric bike that was built with a combination of high-quality parts and the latest technology, look no further than the $4,550 Greyp T5.
There’s a reason why Porsche bought this e-bike company – it’s simply one of the best.
It uses Greyp’s own in-house developed 700 Wh battery combined with a mid-drive motor to offer a hardtail trekking e-bike. In addition to the awesome bike design, the built-in tech is what really opens people’s eyes. Integrated cameras at the front and rear of the bike can serve as dash cams or livestream your rides. Plus you can capture all of your ride footage on the bike instead of bringing along a Go-Pro camera.
There’s also an app that allows you to take full advantage of the built-in eSIM card, giving you connectivity to the bike and letting you check all your vital stats, find its location, and more – right from your phone.
The bike is truly a high-end offering by itself, but the embedded tech makes it a rarity in any category.
See my first ride review of the Greyp T5 e-bike here.


You just couldn’t stop, could you? I showed you plenty of awesome e-bikes that didn’t cost most of a paycheck. But you just haaaaaaad to keep going.
Fine, here they are. These are some of the most expensive e-bikes out there that we’ve tested and that I’d actually recommend someone buying, if you can pony up the cash.
GoCycle G4i+
When it comes to ultra-premium folding electric bikes, there’s only one name that comes to my mind: GoCycle. These are the most impressive folding e-bikes I’ve ever seen. And they better be – they were designed by a former McLaren engineer.
Between the carbon fiber work, single-sided wheels, high-tech tires, trippy LED dot display, innovative rear suspension, and completely enclosed drivetrain, there’s a lot of high-end stuff going on here.
The speed will vary from 15-20 mph depending on which country you buy the bike in, but the performance is only part of the equation. The quick folding and light, compact design of the e-bike is the real winner here.
Check out my full review of the GoCycle G4i+ here.
GoCycle G4i+ quick specs:
- Motor: 500W front hub motor
- Top speed: 20 mph (32 km/h) in the US
- Range: up to 50 miles (80 km)
- Battery: 36V 10.4Ah (375 Wh)
- Weight: 37.2 lb (16.9 kg)
- Price: $6,999


FREY EX Pro electric mountain bike
The FREY EX Pro is a high-end electric mountain bike with crazy high power. It uses the same motor as the CSC FT1000MD we featured above (the Bafang M620 mid-drive), but cranks up the current to provide closer to 1,500W of power.
It’s enough to destroy chains if you aren’t careful. We know. Several of us here at Electrek have done it.
The FREY EX Pro not only features high-end parts like a RockShox Lyric fork and Magura MT5e hydraulic brakes, but it even comes with dual batteries so you can ride farther and stay on the trails longer.
I’ve personally taken this e-bike back UP a downhill mountain bike course – that’s how powerful it is.
It may be expensive, but it saves you several thousand dollars compared to many European electric mountain bikes with similar components but a fraction of the power in the FREY.
See my full review of the FREY EX Pro here.
- Motor: 1 kW continuous, 1.5 kW peak-rated Bafang Ultra mid-drive motor
- Top speed (tested): 59 km/h (36 mph)
- Battery: Dual 48V 14Ah packs (1,344 Wh total)
- Range: Varies considerably by ride style/terrain, but 30-100 km (20-60 miles) is the ballpark
- Weight: 34 kg (75 lb)
- Price: $5,580


Tern GSD
The Tern GSD improves upon the Tern HSD with even more capability and even nicer components. There are multiple versions that can take you up to nearly $10k, but even the lower-tier versions are not “low tier,” if you know what I mean.
Parts like automatically engaging electric locks, 10-speed Shimano Deore transmissions, Magura MT5e quad-piston hydraulic disc brakes, and more set these e-bikes apart from the rest of the pack.
If you’re getting a Tern GSD, you’re getting a fully qualified car replacement. There are many people that use these instead of buying a second car. When you look at it like that, the price suddenly seems pretty reasonable.
Check out our full review of the Tern GSD here.
- Motor: Bosch Cargo Line mid-drive
- Top speed: 32 km/h (20 mph) with electric assist
- Range: 42-85 km (26-53 mi) depending on pedal input
- Battery: Bosch PowerPack 400 Wh
- Weight: 33.6 kg (74 lb)
- Price: $5,399


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Environment
Saudi oil giant Aramco posts 5% dip in first-quarter profit on weaker crude prices
Published
9 hours agoon
May 11, 2025By
admin
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.
Hamad I Mohammed | Reuters
Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production.
Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for the same period last year, the company reported. The figure was slightly above analyst expectations of $25.3 billion.
Aramco announced its free cash flow for the quarter at $19.2 billion, down from $22.8 billion in the first quarter of 2024, and cash flow from operating activities at $31.7 billion compared to last year’s $33.6 billion.
The figures signal continuing strain for the Saudi state oil giant’s balance sheet as crude prices show no sign of recovering and global demand slows in line with pressures on trade.
The company in March announced it would be slashing its performance-linked dividend payout for the fourth quarter of 2024 to $200 million — down from $10.2 billion the previous quarter — and repeated that $200 million figure for the first-quarter of this year, to be paid in the second quarter.
Its first-quarter base dividend excluding the performance-based payouts increased by 4.2% year-on-year to $21.1 billion. But if assessed in total, the dividend fell from $31 billion in the same period last year to $21.36 billion now, due to the cut to its performance-linked element.

“Global trade dynamics affected energy markets in the first quarter of 2025, with economic uncertainty impacting oil prices,” Aramco CEO Amin Nasser said in a statement accompanying the earnings report.
“In this context, Aramco’s robust financial performance once again demonstrated the Company’s unique scale, its reliability and flexibility, the value of its lowcost operations … Such periods also highlight the importance of disciplined capital planning and execution while we continue to take a long-term view.”
Nasser added, “In volatile times Aramco’s resilience underpins both our financial performance and our sustainable and progressive base dividend.”
Bearish oil market ahead
The massive dividend reduction eases pressure on Aramco itself, but means less revenue for the Saudi government as it faces widening deficits and mounting debt due to costly megaprojects and lower oil prices.
The kingdom also constrained its oil revenue potential by maintaining months of coordinated OPEC+ production cuts meant to stabilize the market. That policy changed dramatically after Saudi Arabia and several of its OPEC+ allies announced a shock acceleration to production increase plans in April, even as markets and crude prices were tanking on the news of U.S.-imposed global tariffs.
In early May, OPEC+ again raised its production target for June by 411,000 barrels per day — the second consecutive month of accelerated unwind of the 2.2 million-barrel per day voluntary cuts that had been in place since the start of 2024.
Banks and energy agencies have steadily downgraded their oil price outlooks for the year, anticipating large supply gluts and weak demand. The U.S. Energy Information Administration’s latest forecast sees Brent crude averaging $65.85 per barrel this year, while Morgan Stanley cut its price outlook to $62.50 per barrel in the second half of this year, down by $5 per barrel from the bank’s previous forecast.
Morgan Stanley also predicts a market glut of up to 1.1 million barrels per day in the second half of 2025 — an increase of 400,000 bpd from its previous surplus call.

Goldman Sachs, meanwhile, sees Brent averaging $60 per barrel in the remainder of 2025, compared to $63 previously, and $56 per barrel in 2026, compared to $58 previously.
Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs in mid-April warned that Brent crude at $62 a barrel — its price forecast at the time — could more than double the kingdom’s 2024 budget deficit of $30.8 billion.
“In Saudi Arabia, we estimate that we’re probably going to see the deficit go up from around $30 to $35 billion to around $70 to $75 billion, if oil prices stayed around $62 this year,” said Farouk Soussa, MENA economist at Goldman Sachs. The bank’s forecast for the rest of 2025 now sits at $60 per barrel.
“That means more borrowing, probably means more cutbacks on expenditure, it probably means more selling of assets, all of the above,” Soussa told CNBC last month. “And this is going to have an impact both on domestic financial conditions and potentially even international.”
Environment
There’s plenty of EV money out there – and plenty of people to help you find it!
Published
23 hours agoon
May 10, 2025By
admin

While Washington continues to threaten America’s economic security and position as a global technology leader by toying with the idea of killing the $7,500 Federal EV tax credit, the ENERGY STAR program, and other energy efficiency incentives, the private energy sector is stepping up with massive investments in battery storage, charging infrastructure, and commercial EV rebates – and helping fleet buyers navigate those new incentives is becoming part of the broader business plan.
The inspiration for this article was a recent announcement by Ford Pro, which is baking its incentive sourcing plan into its new new Electric Vehicle Incentive Consultation Service – a new offering designed to help Ford’s commercial customers navigate the rapidly-changing world of EV incentives.
The approach is working, too. In the few short weeks since launching the Consultation Service, tFord Pro helped customers discover over $40,000 in available incentives for charging purchases and $1.5 million for electric vehicle purchases.
Case(s) in point

Joliet Junior College in Illinois wanted to take advantage of the reduced air pollution, noise, and operating costs promised by EVs, but faced budget constraints that made the up-front costs of electrifying seem like an insurmountable obstacle. Consultants from Ford Pro were able to identify a number of state and local utility incentives the college was eligible for, which resulted in ra free L2 EV charger and an $8,000 EV charging infrastructure make-ready rebate from ComEd that, when combined, covered 100% of the college’s installation costs.
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The college was also able to qualify for a $7,500 commercial EV rebate (also from ComEd) that was applied at the point of sale, allowing the college to begin realizing fuel savings on day one.
“I recently worked with Ford Pro to learn more about rebates for a 2025 Ford Lightning truck that will be used as a police patrol vehicle for our college campus,” explained Tracy Williams, Deputy Chief of the Joliet Junior College Police Department. “They went above and beyond my expectations in this process. The rebate we were eligible for was proactively added upfront to our quote. This service was a significant help to our small department, allowing us to allocate resources more effectively and reduce the initial outlay.”
Ford Pro isn’t alone
Startup manufacturers like Orange EV, ReVolt Motors, and Windrose – even 3PLs like YMX, Nuvve, and Highland Electric – have made cursory fleet assessments a core part of their initial go to market strategies.
Even giant legacy brand Ford, with its Ford Pro E-Switch Assist, is offering to take telematic data from existing gas- and diesel-powered Ford F-150 and Transit models and track each vehicle’s individual energy use to determine whether it’s a good candidate for replacement with a Ford EV.
“Smart tools informed by data like E-Switch Assist are opening up many new conversations with our commercial customers large and small about EV readiness; we’re already using E-Switch Assist regularly in consultations to help organizations determine if electric trucks and vans are right for them,” says Nate McDonald, EV strategy and cross vehicle brand manager at Ford Pro. “The importance of these tools and technologies goes beyond selling a customer a new vehicle—it changes mindsets about whether electric vehicles will work for their business while potentially saving them time and money.”
There’s no question, then, that E-Switch Assist is a great product, but it kind of highlights one of my big criticisms of using fleet assessment and grant sourcing products as an integrated G2M strategy for OEMs.
Electrek’s Jo’s Take

The problem with tying this kind of fleet assessment and incentive sourcing into a sales pitch of any kind is the question of credibility. Imagine you’re a fleet buyer for a large bakery looking to replace your aging diesel fleet with some new electric box vans. You’ve read about the Motiv fleet proving itself over millions of real-world miles, you’ve read about the incredible deals on the Chevy Brightdrop, and you even got to check out the new Bollinger B4 at an ACT Expo ride and drive. They all seem great, and they all seem to work – but will they work for you?
Maybe they will, but if you got a fleet assessment from Motiv, another one from Chevy, and a third one from Bollinger, do you think any of them would tell you to go hit your local Isuzu dealer if that was, indeed, the most cost-effective choice for your fleet’s specific needs? Or do you think that each analyst would, through a miracle of miracles involving novel pivot tables and a sketchy misrepresentation of the law of large numbers, discover that their company’s products were ideally suited to meet your fleet’s needs?
In fairness to Ford Pro, their E-Switch Assist product only looks at Ford products, identifying when ICE-powered F-150s and Transits can seamlessly be switched out for F-150 Lightning pickups and E-Transit electric vans. I’d also say that, in my experience, ReVolt founder Gus Gardner and Highland Electric CEO Duncan McIntyre are stand-up guys who would probably be the first to tell you if their company’s products aren’t right for you – but that’s easy for me to say when it’s not my millions of dollars and my job security on the line, you know?
That’s why I look at programs like what we have here in Chicago, where both Scooter and I are based, as real standouts. The local utility ComEd, which is mentioned in the Joliet Junior College example from Ford, above, offers an unbiased and complimentary Fleet Electrification Assessment to qualifying commercial customers. That assessment not only helps identify what assets are primed candidates to electrify, but also looks into the customers’ site, helping them understand their charging options and maximize savings with smart metering, intelligent off-peak charging schedules, and a $90 million EV rebate program to help fund their suggestions. (!)
On a national level, companies like ICF have a fifty year track record of providing fleets with the tools and information they need to maximize their fleets’ energy efficiency with solutions that include electrification, better route planning, and right-sizing, while companies like GNA (now part of TRC and hosts of the ACT Expo) have been doing similar work, sourcing billions of dollars in grants for fleets in California.
When it’s all coming together with the right information, product offering, and utility involvement, you see results – which is why Illinois’ EV growth is outpacing the rest of the nation by 4:1. Here’s hoping other states and utilities are paying attention, and start getting this EV thing right, too.
Original content from Electrek.
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