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GEM, a low-speed vehicle (LSV) manufacturer in Anaheim, California, has just released a new app to make it even easier to use those small vehicles. The GEM Go app shows users a map of all roads in their area and highlights the streets with posted speed limits of 35 mph (56 km/h) or lower.

Low-speed vehicles (LSVs) are a federally regulated class of motor vehicles in the US. They often look like micro-cars or golf carts, but must meet a certain set of safety requirements that go above and beyond golf cart regulations.

LSVs that meet those requirements are allowed to travel at speeds of up to 25 mph (40 km/h) and are allowed to operate on roads with speed limits of 35 mph (56 km/h) or lower.

GEM’s new app is designed to make it even easier to plan trips and determine which roads are accessible by LSVs.

Some areas have a limited number of roads with speed limits of 35 mph or lower. In other areas, like apparently Venice in Los Angeles (as seen in the app example below), pretty much any asphalt you can find is fair game.

GEM Go is a free web-based, mobile-friendly, interactive mapping app available at go.GEMcar.com. It is designed to be easy to use anywhere, even on your phone when heading out for a trip.

It of course works for planning trips with any LSV, not just GEM’s vehicles, and cyclists may even find it handy in a pinch to help avoid faster roads that are less friendly to bikes.

Playing around with it myself, it’s apparent just how much of the US is accessible by low-speed vehicles. Every city I look at is covered by a sprawling network of blue lines, showing me everywhere I can legally drive an LSV.

In fact, more than half of the roadways in the US have speed limits below 35 mph, and that number is actually growing as cities make the responsible decision to reduce speed limits for the safety of all road users. Washington, D.C., for example, has a default speed limit of 20 mph (32 km/h). LSVs can thus reach any part of the city. Heck, they could get a speeding ticket if a cop is having a bad day.

The CEO of GEM’s parent company Waev, Keith Simon, explained that he hopes the availability of the app will help encourage more people to use LSVs around the country:

GEM has been leading the charge in LSVs for more than 25 years. We created the GEM Go mapping app to help current and future GEM owners understand the breadth of places LSVs can actually operate – it’s eye-opening and we expect it will drive even greater adoption of LSVs across the country.

The number of LSVs on US roads is growing, even if they remain a small minority of total motor vehicles in use. There’s been a push toward smaller vehicles in many cities, with golf carts getting their own boost. Unlike golf carts though, which aren’t street legal outside of a few specific cities that have passed golf cart ordinances, LSVs contain more federally regulated safety features and are street legal almost everywhere.

Their safety can’t be compared to that of typical passenger cars that are rated for highway use, but their intended use in lower speed environments around slower moving traffic means that they usually don’t face the same collision risks faced by larger cars.

Simon believes that LSV numbers will continue to grow in the US, explaining:

Although we have an extensive installed base with GEM, it represents a very small fraction of what LSVs can become in the market when you keep breaking down the barriers like the lack of understanding of where GEM vehicles can be driven. With our recent launch of the all new MY24 GEM and now GEM Go we are on the leading edge of driving the LSV category forward.

GEM electric microcar lsv

Electrek’s Take

Anyone who knows me will already know I’m one of the biggest proponents of LSVs out there. Heck, google “LSV” and you’ll probably find that half the bylines are mine.

And so I love the idea of this new app to make it even easier and safer to find LSV-appropriate roads. If it actually mapped a journey for you, that’d be even better. But knowledge is half the battle and so even just showing you all of the roads you can use is a great asset.

As someone who loves LSVs and advocates for them, I can already tell you that the biggest argument against these handy vehicles is the misconception that they aren’t safe. You’ll certainly find people in the comments section below this article saying that a 25 mph vehicle shouldn’t be on a 35 mph road (they inevitably didn’t read this far). And I understand that sentiment – trust me, I do. I use LSVs all the time and I get it.

Wink Motors LSV

When I’m doing 25 mph on a 35 mph road with other cars doing 45 mph around me, it’s…. less than ideal. So I don’t do it very often (crossing the Brooklyn Bridge above was a rare example for me). While LSVs can legally be on 35 mph roads, I like to stick to even slower roads when possible. But so many cities these days have safer, slower speed limits. Washington, DC, defaults to 20 mph. Boston, New York City, Seattle, and many other major cities default to 25 mph citywide speed limits. It’s easier than ever to get somewhere in an LSV, and that is only improving.

And if I may say so from my own experience, it’s also more fun to go somewhere in an LSV. It’s novel and creates a more engaging experience. It’s simply fun.

Sure, you’ve got some of the same downsides of cars, such as often being stuck in traffic and not getting the same kind of exercise I get on my e-bikes. But I can also travel with more people, carry more things, have lockable storage, and have a roof over my head keeping me dry (and use the air conditioning in some models). Plus, I’m arguably a bit safer than if I was hit by a car driver while riding my e-bikes. So even though it has some downsides, LSVs are just a lot of fun to use, cost less than “real” cars and take up less space in a city. So anything that makes them even easier to use is a good thing in my book.

Now just don’t ask me to talk about my opinion on increasing the federal speed limit for LSVs. That’s another article for another day.

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Podcast: Trump/GOP go after EV/solar, Tesla, Ford, GM EV sales, Electrek Formula Sun, and more

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Podcast: Trump/GOP go after EV/solar, Tesla, Ford, GM EV sales, Electrek Formula Sun, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Trump’s Big Beautiful bill becoming law and going after EVs and solar, Tesla, Ford, and GM EV sales, Electrek Formula Sun, and more

Today’s episode is brought to you by Bosch Mobility Aftermarket—A global leader and trusted provider of automotive aftermarket parts. To celebrate Amazon Prime Day July 8th through 11th, Bosch Mobility is offering exclusive savings on must-have auto parts and tools. Learn more here.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

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After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:

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Tesla prototype sparks speculation: a Model Y, maybe slightly smaller

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Tesla prototype sparks speculation: a Model Y, maybe slightly smaller

A new Tesla prototype was spotted again, reigniting speculation among Tesla shareholders, even though it’s likely just a Model Y, potentially a bit smaller, and the upcoming stripped-down, cheaper version.

Over the last few months, there have been several sightings of what appears to be a Model Y with camouflage around Tesla’s Fremont factory.

It sparked a lot of speculation about it being the new “affordable” compact Tesla vehicle.

There’s confusion in the Tesla community around Tesla’s upcoming “affordable” vehicles because CEO Elon Musk falsely denied a report last year about Tesla’s “$25,000” EV model being canceled.

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The facts are that Musk canceled two cheaper vehicles that Tesla was working on, commonly referred as “the $25,000 Tesla” in early 2024. Those vehicles were codenamed NV91 and NV92, and they were based on the new vehicle platform that Tesla is now reserving for the Cybercab.

Instead, Musk noticed that Tesla’s Model 3 and Model Y production lines were starting to be underutilized as the Company faced demand issues. Therefore, Tesla canceled the vehicles program based on the new platform and decided to build new vehicles on Model 3/Y platform using the same production lines.

We previously reported that these electric vehicles will likely look very similar to Model 3 and Model Y.

In recent months, several other media reports reinforced this, and Tesla all but confirmed it during its latest earnings call, when it stated that it is “limited in how different vehicles can be when built on the same production lines.”

Now, the same Tesla prototype has been spotted over the last few days, and it sent the Tesla shareholders community into a frenzy of speculations:

Electrek’s Take

As we have repeatedly reported over the last year, the new “affordable” Tesla “models” coming are basically only stripped-down Model 3 and Model Y vehicles.

They might end up being a little smaller by a few inches, and Tesla may use different model names, but they will be extremely similar.

If this is it, which is possible, you can see it looks almost exactly like a Model Y.

It’s hard to confirm if it’s indeed smaller because of the angle of the vehicle compared to the other Model Ys, but it’s not impossible that the wheelbase is a bit smaller – although it’s hard to confirm.

Either way, the most significant changes for these stripped-down, more affordable “models” are expected to be cheaper interior materials, like textile seats instead of vegan leather, no heated or ventilated seats standard, no rear screen, maybe even no double-panned acoustic glass and a lesser audio system.

As previously stated, the real goal of these new variants, or models, is to lower the average sale price in order to combat decreasing demand and maintain or increase the utilization rate of Tesla’s current production lines, which have been throttled down in the last few years to now about 60% utilization.

If this trend continues, Tesla would find itself in trouble and may even have to close its factories.

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Ethereum is powering Wall Street’s future. The crypto scene at Cannes shows how far it’s come

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Ethereum is powering Wall Street's future. The crypto scene at Cannes shows how far it's come

Ethereum succeeded beyond anyone's expectations, says network co-founder Vitalik Buterin at EthCC

CANNES — Wall Street’s new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas and red carpet venues that host the Cannes Film Festival in May.

The Ethereum Community Conference, or EthCC, took over the beachside town that was swarming with crypto founders, developers, and some of the institutional giants now building atop the infrastructure.

The crypto elite climbed the iconic red-carpeted steps of the Palais des Festivals — a cinematic landmark now repurposed as the stage for Ethereum’s flagship European event.

“The atmosphere this year was palpable in Cannes,” said Bettina Boon Falleur, the powerhouse behind EthCC for the past seven years. “The prestige of the location, combined with the quality of talks, has reinforced Ethereum’s stature and purpose in the wider ecosystem.”

Private parties sprawled across cliffside estates and exclusive resorts, but the conversations were less about price action and more about the blockchain’s evolving role as the back-end of global finance.

EthCC, now in its eighth year, has tracked Ethereum’s trajectory from scrappy experiment to institutional backbone.

“That impact was unmistakable this year,” Falleur said. “From Robinhood embracing decentralized finance infrastructure via Arbitrum to local governments like the City of Cannes exploring deeper integration with the crypto economy.”

Indeed, one of the boldest moves came this week from Robinhood, which became the first publicly traded U.S. company to launch tokenized stocks on-chain.

At a product showcase held inside a Belle Époque mansion overlooking the sea, Robinhood unveiled a sweeping new crypto strategy — including the ability for European users to trade tokenized U.S. stocks and ETFs via Arbitrum, a Layer 2 network built on Ethereum.

The announcement helped push Robinhood stock past $100 for the first time, capping off a week of fresh all-time highs and a more than 30% rally since being snubbed by the S&P 500 during a recent rebalance.

Inside the Palais des Festivals, ETHCC draws founders, developers, and institutions into the same halls that host the world’s biggest film premieres — this time, for the future of finance.

MacKenzie Sigalos

Ether, the token native to the Ethereum blockchain, was up nearly 6% on the week and several public equities tied to the blockchain have rallied alongside it.

BitMine Immersion Technologies, a company that mines bitcoin, gained more than 1,200% since announcing it would make ether its primary treasury reserve asset. Bit Digital, which recently exited bitcoin mining to “become a pure play” ethereum staking and treasury company, gained more than 34% this week. And SharpLink Gaming, which added more than $20 million in ether to its balance sheet this week, jumped more than 28% on Thursday.

Ether ETF inflows are rising again too — a sign that institutional investors are warming back up.

Ether is still down more than 20% this year and lags far behind bitcoin in market cap and adoption. But funds tracking ETH have seen two straight months of mostly net inflows, according to CoinGlass data. Still, ether ETFs total just $11 billion — compared to $138 billion in bitcoin ETFs.

Institutions aren’t betting on Ethereum for hype — they’re betting on infrastructure.

Even as prices stall and the network faces headwinds from slower base layer revenues and faster rivals like Solana, the momentum is shifting toward utility.

“Ethereum is getting plugged into these core transactional systems,” Paul Brody, global blockchain leader at EY, told CNBC on the sidelines of EthCC. “Investors, savers, people moving money — they are going to start shifting from some of the older mechanisms of doing this into Ethereum ecosystems that can do these transactions faster, cheaper, but also very importantly, with significant new functionality attached to it.”

Crypto founders and developers climb the iconic red-carpeted steps of the Palais des Festivals — a familiar backdrop for the Cannes Film Festival, now repurposed for Ethereum’s flagship European event.

MacKenzie Sigalos

Deutsche Bank recently announced it’s building a tokenization platform on zkSync — a faster, cheaper blockchain built on top of Ethereum — to help asset managers issue and manage tokenized funds, stablecoins, and other real-world assets while meeting regulatory and data protection requirements.

Coinbase and Kraken are also racing to own the crossover between traditional stocks and crypto.

Coinbase has filed with the SEC to offer trading in tokenized public equities, a move that would diversify its revenue stream and bring it into more direct competition with brokerages like Robinhood and eToro.

Kraken announced plans to offer 24/7 trading of U.S. stock tokens in select overseas markets.

BlackRock‘s tokenized money market fund, BUIDL — launched on Ethereum last year — offers qualified investors on-chain access to yield with redemptions settled in USDC in real time.

Stablecoins, meanwhile, continue to serve as the backbone of Ethereum’s financial layer.

Circle’s USDC — the second-largest stablecoin — still settles around 65% of its volume on Ethereum’s rails. According to CoinGecko’s latest “State of Stablecoins” report, Ethereum accounts for nearly 50% of stablecoin market share.

“The builders and contributors at EthCC aren’t chasing the next bull run,” Falleur said, “they’re laying the groundwork to make Ethereum home for the next billion users.”

Even as newer blockchains tout faster speeds and lower fees, Ethereum is proving its staying power as a trusted network.

Vitalik Buterin, Ethereum’s co-founder, told CNBC in Cannes that there is an assumption that institutions only care about scale and speed — but in practice, it’s the opposite.

Ethereum co-founder Vitalik Buterin delivers a keynote at ETHCC, laying out the network’s next steps — and its values test — as institutional adoption accelerates.

EthCC

“A lot of institutions basically tell us to our faces that they value Ethereum because it’s stable and dependable, because it doesn’t go down,” he said.

Buterin added that firms often ask about privacy and other long-term features — the kinds of concerns that institutions, he said, “really value.”

Tomasz Stańczak, the new co-executive director of the Ethereum Foundation, said institutions are choosing Ethereum for the same core reasons.

“Ten years without stopping for a moment. Ten years of upgrades, with a huge dedication to security and censorship resistance,” he said.

He added that when institutions send orders to the market, they want to be “absolutely sure that their order is treated fairly, that nobody has preference, that the transaction actually is executed at the time when it’s delivered.”

Those guarantees have become increasingly valuable as stablecoins and tokenized assets move into the mainstream.

The Senate’s recent passage of the GENIUS Act, along with Circle’s IPO, gave the industry a regulatory tailwind and helped reinforce Ethereum’s role as the infrastructure layer for tokenized finance.

Ethereum’s core values — neutrality, security, and censorship resistance — are emerging as competitive advantages.

The real test now is whether Ethereum can scale without losing its values.

“We don’t just want to succeed,” Buterin said from the mainstage of the Palais this week. “We want to be something that is worthy of succeeding.”

He said the hope is that future generations will look back and see a network that truly delivered openness, freedom, and permissionless access to the masses.

White-clad guests dance poolside at the rAAVE party in Cannes.

MacKenzie Sigalos

But the week didn’t end in the conference halls, it closed with tradition. On the balcony of Villa Montana, overlooking the Bay of Cannes, the rAAVE party lit up.

White-clad guests sipped cocktails as the DJ spun by the pool, haze curling from smoke machines.

This year, Chainlink co-founder Sergey Nazarov and DeFi icon Stani Kulechov, founder of Aave, stood atop the balcony overlooking the crowd and the light-dotted skyline of Cannes.

It was a fitting snapshot of the momentum behind Ethereum’s institutional rise and symbolic of Web3’s shift from niche experiment to financial mainstay.

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Robinhood CEO Vlad Tenev explains 'dual purpose' behind trading platform's new crypto offerings

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