How electric microcars wound up on Bora Bora’s front line against climate change
Electric microcars are often touted for their superior urban performance, wiggling through crowded cities without taking up more space than they need. But you can find them much farther flung than just the narrow alleyways of European cities. In fact, you just might see them on the beachfronts of your next vacation.
When picturing French Polynesia in your mind, you’re more likely to conjure up images of the white sands around Bora Bora or Tahiti’s mountaintop jungles towering over the beautiful crystal-clear waters below.
What probably doesn’t come to mind first is the climate emergency faced by those South Pacific Islands, whose low-lying population centers could soon be devastated by rising ocean levels.
And that’s why radically reducing the carbon emissions that are warming our planet and increasing ocean levels is such a keenly important issue on coastlines around the world. In French Polynesia, one solution is to start with alternatives to unnecessarily large and inefficient cars and trucks.
Eli’s ZERO electric microcar, which I’m more used to seeing cruise the streets in Italy and the Netherlands, is getting some much more tropical weather after the French Polynesian government adopted the vehicles as part of its new fleet of eco-focused transportation.
It wasn’t enough to simply go electric, but rather the government sought a smaller form factor that provided just enough enclosed vehicle without being wastefully large.
For Pacific islands known for intense rainy seasons, the vehicles work well all year round yet are much more efficient than full-sized electric cars.
As the company explained, “Eli Electric Vehicles is at the heart of French Polynesia’s radical transport decarbonization program. Amidst climate emergencies, the government is making a bold move – overhauling their fleet with our eco-conscious vehicles, based on their actual usage. Eli ZERO, our compact, two-seater, zero-emission vehicle, is the perfect solution for government officials’ commuting needs, leading to an optimized balance of vehicle capacity and energy use.”
The vehicles, which are brought to French Polynesia by local Tahiti-based distributor E-Motors Pacific, were chosen to closely meet the needs of government workers.
As the distributor added, “Faced with climate emergencies, the government is turning to an eco-responsible modernization of its vehicle fleet, based on a careful analysis of their actual use. Thus emerges our Eli ZERO by Eli Electric Vehicles, a compact two-seater vehicle, specifically adapted to urban needs. Designed to meet the requirements of either individual or two-seater use, common among government agents, the Eli ZERO is an eco-efficient solution that emits no carbon emissions and consumes little energy. Its choice was motivated by a desire to optimize not only energy consumption but also vehicle capacity, in perfect alignment with the real needs of users.”
In addition to the government fleet, E-Motors Pacific has also made the Eli ZERO electric microcars available for purchase by locals as well as for rent by tourists via a partnership with Avis.
This isn’t E-Motors Pacific’s first electric rodeo, either. The company has already brought other leading light electric vehicles to the island nation, including Pickman electric mini-trucks, Yadea electric scooters, Evoke electric motorcycles, and Frey electric bikes, among many others.
The company has also focused efforts on installing dozens of solar canopies for parking light electric vehicles in the shade while using the solar energy to charge from a 100% renewable source.
Electrek’s Take
Sure, I’m used to spotting electric microcars around Europe and have also long enjoyed the lonely job of trying to convince Americans that they can be useful in the US as well. So this is a fun chance to see electric microcars in a new environment that is no less ideal for them than the narrow winding alleyways of European cities or the crowded streets of New York City.
And of course a few electric microcars is mere water vapor coming off a drop in the bucket of global transportation emissions. But the whole point is to send a message. These are the locations that will suffer first from rising sea levels. And not just the beautiful beaches of Bora Bora, but also the hundreds of millions of people living along less affluent Asian coast lines in areas that don’t get postcards made of their villages.
And yes, even you in California and New York and Florida, it’s coming for you too. Without creative solutions like these to address the damaging climate impacts of oversized and inefficient vehicles, your kids are doomed. We need fewer Cybertrucks and more cyberbikes. We need fewer driverless cars and more carless drivers. We need our transportation solutions to meet what we actually need, not the maximum of what we think we might need twice a year. And that’s exactly what microcars, e-scooters, e-bikes. and other energy-conscious solutions are designed to do.
Well that’s depressing. To end on a happier note, here’s a short video of me testing out an Eli Zero last year. Or for a longer test ride on a pre-production unit, check that one out here.
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The Stripe logo on a smartphone with U.S. dollar banknotes in the background.
Budrul Chukrut | SOPA Images | LightRocket via Getty Images
Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.
The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.
A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.
McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”
“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.
In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.
Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.
In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies.
Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.
WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal
Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.
Rivian R1S and R1T upgrade deal offers up to $6,000
Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.
After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.
Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.
With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.
Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:
- Tri with Max battery: $6,000 USD / CAD 8,600
- Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
- Dual with Max battery: $3,000 USD / CAD 4,300
The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.
After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”
Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.
The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.
Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.
Electrek’s Take
Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.
Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.
Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.
Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.
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Environment
Hyundai IONIQ 5 and IONIQ 9 lose the $7,500 EV tax credit: Here’s how you can still get it
In a sudden reversal, Hyundai’s new IONIQ 5 and IONIQ 9 EVs no longer qualify for the $7,500 US tax credit. Although this is a major blow to one of the top-selling EV brands in the US, there is still a way you can get the credit. Here’s how.
Hyundai EVs lose US federal tax credit in 2025
After setting another new US retail sales record last year, its fourth straight, Hyundai expected 2025 could be even bigger.
“With exciting new models like the IONIQ 9 and increased US production ramping up at our new Hyundai Motor Group Metaplant America in Georgia, I’m confident this momentum will continue,” Hyundai Motor North America CEO Randy Parker said.
Earlier this month, Hyundai announced its new 2025 IONIQ 5 and IONIQ 9, both made in the US, qualified for the $7,500 federal EV tax credit.
This was significant news because it was the first time Hyundai qualified since the Inflation Reduction Act (IRA) passed in 2022.
The upgraded 2025 IONIQ 5 and Hyundai’s three-row IONIQ 9 were among 25 EVs that qualified for the credit in early January.
According to the updated list from the Department of Energy (DOE) last week, Hyundai no longer has eligible EV models. The only Hyundai Motor Group (including Kia and Genesis) electric cars that qualify are the 2025 Kia EV6 and 2026 Kia EV9. Genesis, Hyundai’s luxury brand, also lost eligibility.
Hyundai began production at its new $7.6 billion EV plant in Georgia in October. The new 2025 IONIQ 5 was the first to roll off the assembly line, which will be joined by Hyundai’s three-row IONIQ 9.
Last year, Hyundai said it expected US-built models would qualify for a partial $3,750 credit until its battery unit with SK On came online, which was expected sometime in 2025.
Kia builds the new 2025 EV6 and three-row EV9 at its West Point, GA plant, enabling it to still qualify for the credit.
Meanwhile, Hyundai is still passing the $7,500 EV tax credit on through leasing. With leases starting as low as $199 per month, the new 2025 IONIQ 5 is still cheaper than a new Toyota RAV4.
With a bigger 84 kWh battery, the 2025 IONIQ 5 has a driving range of up to 328 miles, up from 303 miles in the outgoing model, which had a 77.4 kWh battery. It also gains noticeable design upgrades and now includes an NACS port for charging at Tesla Superchargers.
The IONIQ 5 was already the fourth-top-selling electric vehicle in the US last year. With more range, an upgraded design, and a Tesla NACS port, it will be even more attractive in 2025.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 |
Hyundai launched a new promo last week. It offers those who buy or lease the new 2025 IONIQ 5 a free ChargePoint Level 2 EV charger. Alternatively, you can choose a $400 charging credit.
Are you ready to test Hyundai’s new electric vehicles for yourself? We can help you get started. Check out our links below to find deals on Hyundai, Kia, and Genesis EVs at a dealer near you today.
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