Caterham’s Project V is basically an updated Tesla Roadster for 2026
Caterham, the British builder of lightweight sportscars, has revealed a new electric concept car, the “Project V,” slated for 2026. And its specs look mighty familiar – not too far off from the original Tesla Roadster from 2008.
The announcement coincides with the Goodwood Festival of Speed, a yearly hillclimb race that has become one of the world’s largest assemblies of classic and high-end cars.
There are several fast electric cars out there, which are breaking all kinds of records, including at Goodwood itself. But most of these are either heavy or expensive, not really fitting the lightweight “driver’s car” paradigm which is so popular among enthusiasts.
Despite the modern electric car revolution beginning with the original 2008 Tesla Roadster, a lightweight electric sportscar built on a platform developed with Lotus Engineering, there has been a lack of lightweight electric sportscars since then. We’ve long wanted something like an electric Miata, but this hasn’t been forthcoming.
Well, now Caterham has stepped into the ring with something similar – though not quite in the same price range as that Miata we wanted.
Its new “Project V” concept is a lightweight electric coupe, in keeping with the lightweight Caterham DNA. The company is known for its super-lightweight “Seven” roadster, based off of the design of the original Lotus Seven, and is an extremely popular vehicle with enthusiasts for its handling and modifiability.
The Project V brings this focus on lightweight design into the modern electric car era, with a weight of just 1,190kg (2,623 lbs). That’s about 100 lbs less than the original Tesla Roadster, which, like Caterham, traces its origins back to Lotus DNA. And that’s not where the similarities end.
Where the Roadster had 248-288 horsepower (depending on configuration), the Caterham has 268hp – both rear-wheel drive. Where the Roadster had a 53kWh battery pack, the Caterham will have a 55kWh one. A 393km/244mi range becomes a ~400km/249mi range, and a 0-60 time of 3.9 seconds becomes a 0-62 time of ~4.5 seconds, but with a 29km/h (18mph) higher top speed.
And the Caterham has a composite body and carbon fiber and aluminum chassis, similar to the Roadster’s carbon fiber body and mostly aluminum chassis. Though the Caterham is significantly bigger, at 309mm longer, 20mm wider and 99mm taller than the Roadster was, and the wheels are 3 inches larger (19″ front, 20″ rear).
So, basically, it’s a Tesla Roadster. But new!
The Caterham has some notable and large improvements over the Roadster, though. For one, it has a third seat in the rear, placed in the center of the car, giving it a full 50% improvement over the number of seats in the Roadster. And it will even have an option for a 2+2 configuration, doubling the Roadster’s measly two.
And second, it has DC charging, something which the aging Roadster could never get (except through third-party aftermarket modifications). Caterham says the Project V’s battery will charge from 20-80% in 15 minutes on a 150kW charger, which would represent an impressive 132kW average charge rate on its 55kWh battery.
And clearly it looks different, with an aggressive and less angular exterior than the Tesla had, and a much less bare-bones interior, as far as we can tell from initial photos. It even has CarPlay! And power steering!
However, it’s also missing one thing the Roadster has – a convertible top. Clearly this coupe was designed in the rainy UK, and not sunny California. But hey, maybe they’ll come up with a roadster version in the future.
While Caterham is officially calling this a concept, the company states that it “could be brought to market” in late 2025/early 2026 at a rate of 2000 units per year. Caterham has a target price of “less than £80,000,” equivalent to $103k in US greenbacks (by comparison, the Tesla Roadster’s base price was $109k, without adjusting for inflation).
Electrek’s Take
We’re being a little too glib here with all these comparisons, but hey, Brits are famous for their biting comedy, so we hope they can take it.
Besides, none of this is actually meant as a swipe at the Caterham. I own an early model, low-VIN Tesla Roadster, which is all these comparisons immediately came to mind for me. It was and is my dream car, and it’s the vehicle that ignited my interest in electric cars which led me where I am today.
After driving it for so long, I have difficulty enjoying other cars, particularly any gas car, because my Roadster is such a fun, raw experience. It gives me a connection to the road and to my car’s performance in a way that nothing else out there does.
So it’s awesome to see another car out there that’s got a lot of that same spirit, but a few modernizations to smooth over the quirks in the bucket of bolts that I have always loved. We hope this car gets made, and I can’t wait to get in the driver’s seat and see how it compares.
While Tesla’s continuously-delayed next-gen Roadster update seems like it will be more of a hypercar chasing top speeds and track records, I think there’s room for a modern enthusiast’s EV, a true driver’s car, and the Caterham Project V might just fill that niche for people who know that what you really want is a quick car, not a fast one.
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Subaru today launched its compact AWD SUV at an event in New York City. With 300 miles of range, NACS charge port, a speedy 0-60 time of under 5 seconds, you could say that this is Subaru’s first modern EV, no offense to the rebadged Toyota BZ/Solterra…
The exterior looks a bit like a $100K Lotus Eletre with an off road flair. Uncharted will compete with Volvo’s EX30 Rivian’s R2S and other AWD EVs that might not be as rugged like the VW ID.4, Hyundai Kona and even the Chevy Equinox. Subaru’s lighting signature, shared with the 2026 Solterra and Trailseeker, along with its aggressive, rugged off-road styling will set it apart from the crowd.
It features new 18- or 20-inch wheel designs, as well as a high-contrast, available two-tone roof on Uncharted GT for enhanced curb appeal. At the rear, the sleek combination lamps, black badging, high beltline, and seamless rear design, complemented by a silver-painted lower rear fascia, add to the visual presence of the Uncharted. Low-profile roof rails on all-wheel-drive models add more options for carrying gear.
A NACS charge port with speeds up to 150 kW ensures convenient and fast charging options at more than 15,000 Tesla Supercharger stations nationwide. Even in cold weather conditions, the Uncharted can recharge its battery from 10% to 80% in nearly 30 minutes thanks to an onboard battery preconditioning system. At home, you can charge up to 11KW level 2 charging.
The interior is modern Subaru with rugged textile around a big 14-inch CarPlay/Android Auto screen experience (pictured below). There are 2 wireless phone chargers up front and 2 USB-C chargers in the rear.
All trim levels of the Subaru Uncharted are equipped with an All-Weather Package, including heated front seats, heated exterior mirrors, and windshield wiper de-icer; power rear gate; interior ambient lighting; and DriverFocus® Distraction Mitigation System. The Uncharted Sport adds X-MODE® Dual-Mode with Grip Control, heated steering wheel, StarTex® water-repellent upholstery, panoramic view monitor, and more. Uncharted GT will include a panoramic moonroof with motorized shade, 20-inch wheels, ventilated front seats, Harman Kardon® premium audio system, smart rearview mirror, and more.
The Uncharted battery is just under 75kWh, around the same size as a long range Tesla Model Y and it will get close to 300 miles in its FWD model (boo). Uncharted Sport and GT models are equipped with standard Subaru Symmetrical All-Wheel Drive with X-MODE, an anticipated range of up to 290 miles, and 338 horsepower which will appeal to more Subaru customers.
Full gallery below:
Electrek’s take
While Subaru maintains its close relationship with Toyota in EVs, and this is a C-HR rebadge, the Uncharted breaks some new ground. I love the NACS port, I love the range and the acceleration. Subaru’s fans might finally have an EV they can upgrade their ICE vehicle for.
That’s one thing that might be concerning for Subaru in the EV age: In ICE vehicles, Subaru makes one of the best, complicated AWD systems. However with EVs, AWD is almost table stakes at this point. Subaru will have to continue to innovate in the off road capable small SUV segment if it hopes to compete with all of the EV encombants. At this point, Subaru is a suspension and branding mod for Toyota.
The Uncharted certainly seems to be a good start.
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Lucid Motors’ (LCID) shares soared over 50% after the company secured a multi-hundred-million dollar investment from Uber to deploy robotaxis. So, why did Lucid just announce plans for a reverse stock split?
Why did Lucid announce a reverse stock split?
Lucid and Uber announced a new alliance on Thursday to deploy 20,000 electric robotaxis over the next six years.
The new robotaxi service, set to launch next year, will combine Lucid’s advanced software-defined EV platform with Nuro’s Level 4 self-driving tech.
As part of the new alliance, Uber plans to make “multi-hundred-million-dollar investments” in Lucid and Nuro. The first autonomous prototype is already in operation on a closed track at Nuro’s facility in Las Vegas.
Lucid’s interim CEO, Marc Winterhoff, said, “This investment from Uber further validates Lucid’s fully redundant zonal architecture and highly capable platform as ideal for autonomous vehicles.” Winteroff claimed that the new alliance “is the start of our path to extend our innovation and technology leadership into this multi-trillion-dollar market.”
The Lucid Gravity boasts an impressive EPA-estimated range of 450 miles. Its electric sedan, the Lucid Air, just broke a Guinness World Record after traveling 749 miles (1,205 km) on a single charge.
Lucid’s partnership with Uber sent share prices surging over 50% during trading hours on Thursday. In a separate filing with the SEC today, Lucid announced plans to initiate a 1-for-10 reverse stock split.
The split won’t affect shareholder ownership, except in cases where fractional shares are created. In that case, shareholders will receive a cash payment.
Lucid said it believes the reverse stock split “will allow the company’s common stock to be more attractive to a broader range of investors and other market participants.”
A vote of confidence
During an interview with Bloomberg on Thursday, Winterhoff explained that a portion of the $300 million investment from Uber will be used to develop the self-driving tech with Nuro. Winterhoff added that Lucid’s surging share price was “a vote of confidence.”
According to Winterhoff, the reverse stock split is not due to Lucid’s fear of being delisted, but rather to attract larger investors.
It was also more of a “technical” strategy to reduce volatility and help Lucid participate in the broader stock market.
Many institutional investors avoid stocks priced below $5 due to the higher risk and price swings. The proposed stock split still requires shareholder approval, which will be voted on at an upcoming special stockholders’ meeting.
After that, Lucid’s Board of Directors will determine whether it’s still in the best interest of the company and its stockholders to proceed.
Lucid’s stock rose over 36% on Thursday, closing at $3.12 per share. Although shares of LCID are up just slightly (+2%), they are now up year-to-date. However, they are still down 18% over the past year and nearly 95% from their all-time high of over $58 a share in February 2021.
Last week, after meeting with Lucid’s CFO, Taoufiq Boussaid, Benchmark analyst Mickey Legg set a target share price of $5.00, which was subsequently raised to $7.00 following the announcement of the Uber partnership.
Legg wrote a note to investors, “After meeting with LCID’s CFO Taoufiq Boussaid on Tuesday and reviewing 2Q production and deliveries, we remain confident in the company’s path to scale.”
Lucid delivered a record 3,309 vehicles in Q2, its seventh straight quarter with higher deliveries. The company aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it made in 2024.
After ending the first quarter with $5.76 billion in liquidity, Lucid said that it has sufficient funding to last until the second half of 2026, when it plans to launch its more affordable midsize EV platform. The first two models will be a midsize SUV and sedan, starting at about $50,000.
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