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Tern continues to lead the electric cargo bike space with the upgraded HSD model. Able to carry an adult passenger, this pint-sized powerhouse is riddled with innovation. At just the right size, the HSD is fully capable of carrying a maximum gross vehicle weight of nearly 400 lbs, or daily driving tasks without the bulk. With accessories that make most anything possible, the HSD solidifies Tern as king of the cargo hill.

Customizability: tailored to your needs

I’ll begin by highlighting the Tern HSD‘s remarkable customizability. Tern has designed this bike to be adaptable for riders of all sizes. The stem and handlebars can be adjusted effortlessly, whether you’re folding it up for storage or sharing it with a friend. The whole design of the bike ensures that cargo weight remains low, thus enhancing stability. Paired with puncture-protected and reflective 20×2.15 tires and full-coverage fenders, the HSD offers a smooth and worry-free ride in all conditions.

Without tools the HSD can change on the fly to accommodate different riders between 4’11” and 6’5”. This is completely unmatched in the electric bike space, and I can tell you from experience that the bike feels good on the road.

Power and control: a seamless riding experience

Under the hood, the Tern HSD is powered by the Bosch Performance Line motor, which seamlessly integrates with the Shimano Nexus INTER-5E internal geared hub and Gates belt drive. The result? A powerful, low-maintenance system that makes every ride a breeze. But what truly makes the HSD better than its predecessor is the Bosch smart system. With features like GPS tracking (for S-level bikes), remote locking, and customizable power curves accessible through a user-friendly app, the HSD feels like a personal assistant for your bike. The wireless Intuvia display is a sleek addition, offering real-time metrics and easy removal for added security. Using the eBike Flow App, the HSD motor can be locked in place, and the theft alarm  (for S-level bikes) makes this a tough nut to crack. On top of that, the Bosch smart system keeps getting better, with updates available for the motor and display, for ongoing value added.

Riding experience: beyond expectations

Riding the HSD is like riding any other bike, in terms of size, steering, and a natural pedal assist. I can’t tell you how amazing this is, considering that many other cargo bikes feel like driving a bus. Despite its compact size, this cargo bike handles like a dream. Sharp turns, impressive acceleration, and smooth gear shifts make it a joy to ride, whether you’re carrying a hefty load or simply cruising along. With and without cargo, the Tern HSD still handles very similar. Having the weight of the load both low and close to the rider makes for a great ride.

Size and capacity: small yet mighty

Size isn’t everything, and the HSD proves that. It’s rated to a max gross vehicle weight of nearly 400 lbs, an unheard-of feat for a bike of this stature. The redesigned Captain’s Chair offers comfort and convenience for riders of most any size. While a tiny tot younger than eight might be too adventurous to remain in the Captain’s Chair, the HSD can carry one child seat, one bigger kid in the Clubhouse Mini, or an adult passenger. The rear of the bike can be customized with various accessories, and the railings can be adorned with custom lights, showcasing Tern’s genius in design.

Utility and convenience: cargo solutions galore

Tern offers an array of customization options, including rain covers for kid passengers, quick-release front accessories, kickstand upgrades, full encircled rails for children, front-loading coolers, and much more. I could only try some of the accessories with our time on the HSD, and I was blown away.

The HSD boasts a robust front rack that’s versatile enough to handle both heavy and light cargo, from boxes to coats and backpacks. This sturdy beast I got to try is incredibly convenient, but the options only spread from there. The ingenious Cache Box in the middle of the bike can secure heavy-duty locks or your essentials. Notably, the rear wheel features a Dutch lock with the same key shape as the battery lock, a thoughtful touch for added security.

Let’s not forget the remarkable bags from Tern. They’re not only spacious but incredibly user-friendly. These bags can be neatly folded up to maintain a streamlined profile, and provide shielding for wiggle kid feat. With quick release buckles, reflective accents, stabilizer straps, and 74L of storage for the pair, these bags hold more than the trunk of a small crossover.

Tested and Certified

Any bike designed for cargo and passenger-carrying needs to be safe. The Bosch system on the HSD is certified to the UL 2849 safety standard, which ensures the motor, battery, display and charger have been tested and certified for protection against fire hazards. If that wasn’t enough, the bicycle frame and fork have been EFBE-tested to ensure reliable and safe rides day after day, even when fully loaded.

Tern HSD, mighty but mini

After riding the HSD, I’m convinced that Tern is leading the pack in innovation, safety, and design. With more capabilities than a bike twice its size, the HSD left me wondering if there’s anything it can’t handle. I think that this bike will be in short supply after customer reviews start pouring in. It might take awhile before Tern revisits this platform for upgrades, because I can’t think of anything that is missing.

At Electrek, we’re big on helping the planet, and Tern shares our vision for a better future. Tern donates at least 1% of its net profits to social and environmental causes every year.

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Genesis GV90 spotted in the US, offering a sneak peek at its ultra-luxe interior

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Genesis GV90 spotted in the US, offering a sneak peek at its ultra-luxe interior

The GV90 is set to raise the bar as the most luxurious Genesis SUV. If you thought the GV80 was impressive, wait until you see this larger, three-row electric flagship. After it was recently spotted in the US, we are getting our first glimpse of the ultra-luxe Genesis GV90’s interior.

First look at the Genesis GV90 interior in the US

Genesis previewed the flagship SUV at the NY Auto Show last March with the Neolun concept, which the brand refers to as its “ultra-luxe vision of luxury SUVs.”

It’s not only stunning on the outside, but the full-size SUV will introduce advanced new tech and upscale design features for “a whole new level of luxury.”

Drawing inspiration from Korean aesthetics, the interior is fit for royalty. The concept featured a “Royal Indigo” cashmere and a vintage-like “Purple Silk” leather. Genesis topped it off with dark-colored wood accents for an even more luxurious feel.

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After it was spotted in public in California, it looks like the interior of the Genesis GV90 will retain some elements from the concept.

The new photos, courtesy of The Korean Car Blog, offer a sneak peek at what we can expect when it arrives in production form.

You’ll notice that the color scheme remains largely the same, with purple accents on the door trim, seats, and other interior elements.

The GV90 will serve as the luxury brand’s tech beacon, featuring Hyundai Motor’s latest technology and software. A 24″ infotainment system will sit at the center with navigation and voice command recognition.

It will also feature a 3D audio experience with tweeters, midrange speakers, woofers, and subwoofers strategically placed, creating an immersive audio experience. The iconic Crystal Sphere is not only a centerpiece, but it will also serve as a hi-fi tweeter speaker.

According to Luc Donckerwolke, Genesis’ chief creative officer, the concept is “the epitome of timeless design and sophisticated craftsmanship.” Do you agree?

With GV90 models now in public testing, Genesis appears to be on track to launch the flagship SUV in mid-2026. Earlier this month, we got a closer look at the exterior after it was caught testing at the Nürburgring with less camo.

More details, including prices and final specs, will be revealed closer to launch. However, it is expected to ride on Hyundai’s new eM platform, which will replace its current E-GMP.

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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

Jakub Porzycki | Nurphoto | Getty Images

The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.

In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023.

The original complaint accused the crypto exchange of violations including illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The agency also claimed that Binance unlawfully enabled trading in crypto assets it viewed as unregistered securities, an argument that was also used against Coinbase, Kraken, and others under prior SEC leadership.

The dismissal marks a symbolic end to one of the most aggressive crypto crackdowns in U.S. history, and comes as the Trump administration makes a concerted effort to prove that it’s an ally to the industry. The Justice Department has already shut down its crypto enforcement team, and the Commodity Futures Trading Commission is now set to be led by a venture capitalist with close ties to crypto.

Binance is the largest digital assets exchange in the world by volume. It recently forged ties with World Liberty Financial, a project that aspires to be a crypto bank and funnels 75% of profits to entities linked to the Trump family. Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the World Liberty team.

Binance and World Liberty are also deepening their footprint in Pakistan, where WLF co-founder Zack Witkoff, the son of U.S. Middle East envoy Steve Witkoff, recently struck a deal with the government. Around the same time, Zhao was appointed as an adviser to Pakistan’s newly formed Crypto Council, a state-backed body tasked with shaping national digital asset policy.

Binance CEO Richard Teng discusses U.S. crypto adoption at the Digital Asset Summit

The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.

The agency’s motion to dismiss was granted with prejudice, meaning the SEC can’t refile the same claims.

Under the SEC’s new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It’s held a series of roundtables led by Commissioner Hester Peirce and newly appointed Chair Paul Atkins.

The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, “Bye, bye SAB 121! It’s not been fun.”

In February, the agency followed up with new guidance indicating that it doesn’t view most meme coins as securities under federal law, providing a boon to the Trump family.

President Trump and several of his family members are closely tied to crypto ventures, including the $TRUMP token, which launched just before his January inauguration. The coin currently boasts a market cap of about $2.4 billion, with its website claiming that 80% of the supply is held by the Trump Organization and affiliated entities.

WATCH: President Trump holds controversial private dinner for top investors in his meme coin

President Trump holds controversial private dinner for top investors in his meme coin

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GM takes over as the ‘#1 EV seller’ in Canada

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GM takes over as the '#1 EV seller' in Canada

After its electric vehicle sales more than doubled in the first quarter, GM claims it’s now the “#1 EV seller” in Canada. With a full lineup of 13 all-electric vehicles, GM sold more EVs than Tesla in Canada.

GM tops Tesla to become the #1 EV seller in Canada in Q1

GM’s electric vehicle sales in Canada surged by 252% in the first three months of 2025, with new Chevy and Cadillac models driving growth.

The Chevy Equinox EV led the way with 1,892 units sold, followed by the Silverado EV with 894 units. Cadillac’s new entry-level OPTIQ had a strong showing, with 615 models sold, nearly matching the 720 units sold of its first EV, the LYRIQ.

Even the GMC Hummer EV Pickup and SUV saw more demand, with sales up 232% (186) and 88% (252), respectively.

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Combined, the automaker sold a total of 5,750 EVs in Q1. According to GM, this was enough to top Tesla to become “the #1 EV seller in Canada.”

GM Canada recently posted on social media, saying, “We claimed the top spot as Canada’s #1 EV seller!” The news comes as registration data show that Tesla registered just 524 vehicles in Quebec in Q1, down 87% from the same period last year.

The steep decline in sales comes after the Quebec government paused federal EV incentives from February to April 1st. Canada also paused its iZEV rebate program in January, which offered up to $5,000 on the purchase or lease of an EV. Like the US federal EV Tax credit, it was designed to be used at the point of sale to help lower prices.

GM-#1-EV-seller-Canada
Chevy Equinox EV LT (Source: GM)

GM also registered significantly fewer Equinox and Blazer EVs in Quebec during the quarter. Despite higher year-over-year (YOY) sales, GM’s electric vehicle (EV) sales were down considerably from the over 15,000 in Q4 2024.

GM-#1-EV-seller-Canada
Cadillac OPTIQ EV (Source: GM)

The American automaker will continue to expand its lineup with the launch of the new Cadillac Escalade IQL, Lyriq-V, and Visiq.

By the end of the year, we also expect to get our first look at the next-gen Chevy Bolt EV with deliveries starting in 2026.

Electrek’s Take

GM is building momentum with new models rolling out, which now cover nearly every segment. In the US, GM surpassed Ford and Hyundai Motor, including Kia, to become the second-largest seller of EVs last year.

Chevy is now the fastest-growing EV brand in the US. The new electric Equinox, or “America’s most affordable 315+ miles range EV,” as GM calls it, is quickly becoming a top seller. The Blazer and Silverado EVs are also gaining traction.

Cadillac reported its best first quarter since 2008, with retail sales increasing by 21%. After delivering the first models in Q1, the entry-level OPTIQ is off to an impressive start with 1,716 units sold.

GM will top off its US electric vehicle lineup with the next-gen 2026 Chevy Bolt EV due out later this year or in early 2026.

Source: GM Authority, GM Canada

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