There’s been a lot of fuss about the supposed “$14,000 GM electric mini-truck” recently, but you probably shouldn’t get too worked up about it.
That’s not to say that electric mini-trucks aren’t an exciting new field. I’m a proud owner of one and I love the thing. Mini-trucks, and especially electric mini-trucks, are incredibly useful and highly efficient machines. Though the best part about these fun little utility vehicles is likely their low prices compared to pricier electric pickup trucks.
The most recent model making headlines, the GM-backed Baojun Yep EV, even offers some fairly respectable performance numbers. Despite being smaller than a tiny Fiat 500 subcompact city car, it features a 50 kw (67 horsepower) electric motor, a top speed of 100 km/h (62 mph) and a city range of nearly 300 km (188 miles) per charge.
Obviously it’s not meant to tow a Boston Whaler down the highway. But for around-the-town jobs it’d be plenty.
Just don’t start taking out your checkbook when you hear about many of the new mini e-truck models swirling around in the news. That’s because you can’t have one. Here’s why.
Baojun Yep EV mini-truck
Most of the time these stories are misleading for a few reasons. Take the US $14,000 GM mini-truck above, for example. First of all, it’s not a GM model. And second of all, it doesn’t cost US $14,000. The entire premise is a lie.
That vehicle, the Baojun Yep EV, is technically “GM-backed” thanks to a joint venture between General Motors and the two state-owned Chinese automotive companies SAIC Motor and Liuzhou Wuling Motors. But GM is a minority owner in the deal. It’s less of a GM vehicle and more a partially paid for by GM vehicle.
Next, it doesn’t really cost US $14,000. First of all, no one knows what the price tag will be for the Baojun Yepp EV truck when it eventually launches. It is based on a similar SUV-format vehicle that itself has only been estimated to launch at 100,000 Chinese Yuan later this summer.
Sure, ¥100,000 is approximately equal to US $14,000 at current exchange rates. But that doesn’t make this a US $14,000 vehicle. As anyone who reads my long-running weekly column Awesomely Weird Alibaba Electric Vehicle of the Week will already know, Chinese vehicle prices don’t translate very well into US prices.
Baojun Yep EV mini-truck
The only way you could buy one of these vehicles for approximately US $14k is if you did it in China. Which is what I did, once. A couple summers ago I paid a Chinese factory US $2,000 for a much lower spec (5 horsepower, 25 mph) electric mini-truck.
By the time it was all said and done, I had paid an additional US $6,000 or so in freight charges, import duties, US taxes and tariffs, US customs fees, trucking and other expenses to get it into my family’s driveway in Florida.
I did the same thing with a five-seater electric boat. I paid the factory in China US $1,080 but wound up with around a US $4,500 lighter bank account by the time the boat slipped into a Florida pond.
And that was for a private import. Imagine if I was a company trying to turn a profit on these things. That US $2,000 Chinese mini-truck could easily turn into a US $12,000 or more mini-truck, stateside. And that’s a comparatively low-spec vehicle.
My own electric mini-truck that ended up costing me a lot more than the Chinese sticker price
The same goes for other popular electric microcars from China. We often hear about the “$5,000 Wuling Mini EV” electric micro-car, which is a vehicle that frequently gets tossed around my comment section whenever I write about an electric bike that costs over US $5,000.
But don’t be fooled into thinking that’s a US $5,000 car. It’s not. It’s a ¥30,000 car.
Sure, if you flew to China with five grand in your pocket, converted it to Chinese Yuan at the airport, and then walked into a Wuling dealership, you could probably drive out a few hours later in a shiny new micro-car. But you aren’t going to do that, are you?
Instead, you would need an enterprising importer to bring a literal boatload of them to the US (or wherever you live), somehow get them homologated for federal motor vehicle safety standards, then sell one to you. If you got out of that transaction for under US $15,000, you’d be extremely lucky (consider that a new golf cart in North America can easily US $10,000). And you’d still have a tiny 25 mph (de-regulated to US LSV laws) Chinese car for the price of a cheap highway capable vehicle in the US.
The famous Wuling Mini EV
This isn’t to say that electric mini-trucks don’t exist in the US. There are street legal electric mini-truck manufacturers like the Texas-based startup AYRO, though they’re still getting rolling with upcoming production. Plus, the starting prices are closer to $25,000, which is a bit higher than those domestic market Chinese electric mini-trucks.
There are also a few more or less scrupulous importers of Chinese electric mini-trucks, though almost none are street legal, even if the shadier importers claim them to be.
Maybe things will change. As electric mini-trucks grow in popularity, perhaps more companies will enter the fray and prices will come down. Or perhaps Chinese models will actually be homologated and imported to the US at reasonable prices. Either would be great news considering the ballooning size of US trucks and SUVs that contribute to climbing road deaths, greater emissions and increased road wear. But for now, there’s no point in getting excited over misleading claims of cheap electric trucks. They simply don’t exist yet, unfortunately.
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Global renewable developer and energy giant RWE has halted its US offshore wind operations “for the time being” because of the “political environment” the Trump administration has created.
RWE, Germany’s biggest electricity producer, said in March that it had dialed back its US offshore wind activities. But now, CEO Marcus Krebber said in a speech transcript, which he’ll deliver at the company’s Annual General Meeting in Essen on April 30, that its US offshore wind business is now closed (but it wasn’t all bad news):
In the US, where we have stopped our offshore activities for the time being, our business in onshore wind, solar energy, and battery storage has so far been developing very dynamically. At the start of this year, we reached an important milestone when our US generation capacity hit the 10 gigawatt mark. The construction of a further 4 gigawatts is secured.
He went on to say that renewables have created regional value and jobs, but that the company remains “cautious given the political developments.” RWE has introduced more stringent requirements for future US investments:
All necessary federal permits must be in place. Tax credits must be safe harbored and all relevant tariff risks mitigated. In addition, onshore wind and solar projects must have secured offtake at the time of the investment decision. Only if these conditions are met will further investments be possible, given the political environment.
About half of RWE’s installed renewable capacity is in the US, where it’s the third-largest renewable energy company through its subsidiary, RWE Clean Energy. RWE holds the rights to develop US offshore wind projects in New York, Louisiana, and California.
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RWE paid $1.1 billion for the New York lease area in 2022, where it’s meant to develop the 3 gigawatt (GW) Community Offshore Wind with the UK’s National Grid. Community Offshore Wind was projected to come online in the early 2030s and expected to power more than a million homes.
The developer paid $5.6 billion for the Louisiana lease in the Gulf of Mexico in 2023 as the lone bidder for development rights, and the Canopy Offshore Wind project off Northern California was not expected to be completed for another decade.
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WASHINGTON – President Donald Trump and his allies have raked in nearly $900,000 in trading fees over the past two days from the president’s $TRUMP cryptocurrency token, according to Chainalysis, a blockchain data company.
The surge came after a Wednesday announcement in which the top 220 holders of the token were promised dinner with the president.
“Have Dinner in Washington, D.C. With President Trump,” reads a message on the front page of the Trump coin’s website. The event, which is black tie optional and hosted at the president’s private club in the Washington area, is scheduled for May 22, with a reception for the top 25 holders. A “VIP White House Tour” will take place the following day, the site says. The website also hosts an active leaderboard displaying the usernames of top buyers.
The $TRUMP memecoin jumped more than 50% on the dinner news, boosting its total market value to $2.7 billion. It was met with fierce criticism from some of Trump’s political opponents who said the move was further evidence that the president was using crypto to enrich himself. Sen. Chris Murphy, D-Conn., a prominent Trump critic, wrote on X that the sale was “the most brazenly corrupt thing a President has ever done. Not close.”
Roughly 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project’s website. Since its launch in January, trading activity has generated about $324.5 million in trading fees for insiders, Chainalysis found. These fees are generated through the token’s built-in mechanism that routes a percentage of each trade to wallets controlled by the project — wallets that, according to the website, are linked to the coin’s creators.
Memecoins, often referred to as meme tokens, are a subset of digital assets that use blockchain technology and derive their value largely from internet culture, memes and social media hype rather than from an underlying utility or asset. The originators of memecoins can make fees when their coins are bought and sold.
They have grown in popularity in recent years as speculative assets, with some coins including dogecoin and fartcoin amassing total market values in excess of $1 billion.
Most of the $TRUMP supply remains locked under a three-year vesting plan, with coins gradually becoming available over time. Lockups like these are meant to protect investors by preventing insiders from cashing out all at once — a scheme commonly known in the crypto world as a “rug pull.” Vesting schedules aim to give retail buyers confidence that early holders won’t overwhelm the market and tank the token’s value.
Still, the dinner contest is being viewed by critics as an unusually explicit attempt to monetize presidential access.
As CNBC reported Friday, Democratic Sens. Adam Schiff of California and Elizabeth Warren of Massachusetts are urging the U.S. Office of Government Ethics to investigate whether the promotion constitutes “pay to play” corruption.
The White House did not respond to a request for comment. The company behind the memecoin also did not respond to a request for comment.
Delaney Marsco, the director of ethics at the Campaign Legal Center, a nonprofit focused on campaign finance and government accountability, told NBC News the coin and dinner contest amounted to an unprecedented ethics breach — though it is unlikely to be illegal.
“Criminal conflicts of interest statutes don’t apply to the President,” she said. “That has allowed him to go against decades of of norms that every modern president since Carter has adhered to, which is to divest your financial interests, rid yourself of your businesses, and kind of go in to the presidency with a clean financial slate so that no one could accuse you of manipulating policy decisions or using your position in order to enrich yourself.”
“The fact that he is not barred by the law from having these financial interests like this meme coin allows him to engage in a lot of seemingly corrupt activity. It has the appearance of a pay to play, so the President is apparently selling access to himself,” Marsco added.
Molly White, an independent crypto researcher, told NBC News that the leaderboard only shows top $TRUMP holders — and then only by their chosen screen name, making it difficult to identify who is paying to potentially join the dinner.
Schiff and Warren have cited public reports showing that some $TRUMP investors have ties to foreign exchanges or received funds from crypto platforms banned in the U.S., including Binance.
White also noted that at least one top $TRUMP owner has an account on Binance, a cryptocurrency company that doesn’t allow American users.
Trump was elected with significant help from the cryptocurrency industry, which poured tens of millions of dollars into the 2024 election, outpacing corporate donations from traditional sectors like banking and oil. After opposing digital assets during his first term, Trump pivoted in 2024 to campaign as a champion of cryptocurrency, casting Democrats as hostile to innovation and as advocating for tighter regulation.
The $TRUMP token itself offers no product or service, according to the project’s website. It is part of a broader push by the Trump family into digital assets, despite the market’s volatility and regulatory risks.
In addition to the $TRUMP and $MELANIA meme coins, the family is backing World Liberty Financial, a decentralized finance venture that has raised $550 million across two token sales since last October. Buyers are barred from reselling their tokens and receive no share of profits — but a Trump-affiliated entity is entitled to 75% of net revenue, including token sale proceeds.
Together, these projects have created new streams of revenue for Trump and his inner circle at a time when regulatory oversight of cryptocurrency has weakened sharply under his administration.
It’s that time of year again, time for events across the country to show off electric vehicles at Drive Electric Earth Month.
Drive Electric Earth Month is an offshoot of Drive Electric Week, a long-running annual tradition hosting meetups mostly in the US, but also occasionally in other countries. It started as Drive Electric Earth Day, but since not every event can happen on the same day, they went ahead and extended it to encompass “Earth Month” events that happen across the month of April. It’s all organized by Plug In America, the Sierra Club, the Electric Vehicle Association, EV Hybrid Noire, and Drive Electric USA.
Events consist of general Earth Day-style community celebrations, EV Ride & Drives where you can test drive several EVs in one place, and opportunities to talk to EV owners and ask them questions about what it’s like to live with an EV, away from the pressure of a dealership.
But the bulk of the events happened on the weekends surrounding Earth Day, April 22, so there were several last weekend and will be even more this upcoming weekend.
There are plenty of events in the big cities where you’d expect, but Plug In America wanted to highlight a few of the events in smaller places around the country. Here’s a sampling of upcoming events:
Big Island EV – Cruise and Picnic in Waimea, HI on April 26, 10am-1pm – EV drivers will congregate in various places around the Big Island (Kona, Waimea, Waikoloa and Hilo), then drive up Saddle Road to the Gil Kahele Recreation Area on Mauna Kea for a potluck and a chance to talk about the experience of owning EVs on the Big Island.
Santa Barbara Earth Day 2025 and Green Car Show in Santa Barbara, CA on April 26-27, 11am-8pm – This is part of Santa Barbara’s Earth Day celebration, which routinely attracts 30,000 participants and is one of the longest-running Earth Day celebrations on the planet. The Green Car Show includes ride & drives and an “Owners Corner” where owners can showcase their EVs and attendees can check them out and ask questions.
Earth Day’25 – EV’s role in a sustainable future in Queretaro City, Mexico on April 26, 9am-4pm – The sole Mexican event, this is a combined in-person/online seminar at the Querétaro Institute of Technology.
Norman Earth Day Festival in Norman, OK on April 27, 12-5pm – Another municipal Earth Day festival, with hands-on activities for kids to learn about the environment. A portion of the parking lot reserved for an EV car show for EV owners who pre-register to show off their vehicles.
Oregon Electric Vehicle Association Test Drive & Information Expo in Portland, OR on April 27, 10am-4pm – This one is at Daimler Truck’s North American HQ, and will have several EVs for test drives, owner displays (including DIY gas-to-EV conversions), and keynote presentations by EV experts. They’ll even have a 1914 Detroit Electric EV available for test rides!
And, we at Electrek want to give a shoutout to Rove’s EV Drive Days in Santa Ana 10am-3pm April 28 – ROVE is the company behind the “full-service” EV charging concept that we’ve talked about several times here on Electrek, and we like what they’re doing for EV charging. They’ve hosted a few community events, and this is their contribution to Earth Month.
Each event has a different assortment of activities (e.g. test drives won’t be available at every event, generally just the larger ones attended by local dealerships), so be sure to check the events page to see what the plan is for your local event.
These events have offered a great way to connect with owners and see the newest electric vehicle tech, and even get a chance to do test rides and drives in person. Attendees got to hear unfiltered information from actual owners about the benefits and trials of owning EVs, allowing for longer and more genuine (and often more knowledgeable) conversations than one might normally encounter at a dealership.
And if you’re an owner – you can show off your car and answer those questions for interested onlookers.
To view all the events and see what’s happening in your area, you can check out the list of events or the events map. You can also sign up to volunteer at your local events, and if you plan to show off your electric car, you can RSVP on each event page and list the vehicle that you plan to show (or see what other vehicles have already registered).
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