Micromobility America is set for its latest annual US-based conference, bringing together many of the leading companies, consultants, policymakers, and more in the micromobility industry. Two days of e-bikes, e-scooters, and just about everything else is set to kick off later this week.
Running from October 19-20, 2023, the Micromobility America conference will showcase “over 100 speakers from different areas of the alternative transportation universe, including founders, journalists covering the industry, politicians and policymakers, investors, and so on. Over 1,500 attendees are expected to join the event, taking part in presentations, product launches, award shows, test rides, networking events, and more.”
The first day of the conference is expect to be largely industry-related, focusing on B2B (business to business) topics.
The second day will expand to include more B2C (business to consumer) subjects and will include the first ever “Ride of a Lifetime,” a mass group ride from the venue through the streets, featuring giveaways, music, and more. The group ride was inspired by the successful Rave Ride earlier this year that capped off the Amsterdam-based component of the show, Micromobility Europe.
One of the many highlights of this year’s show is a series of thought-provoking panels attended by CEOs, journalists, policymakers, and other leading individuals in the industry. The panels include “The Shifting Landscape of Shared Micromobility,” “The Road to Retail: How to Sell Small EVs,” “Innovations in Last-Mile Logistics: Delivery Robots, Drones, and Beyond,” “Delivering Change: How to Get More Couriers on Two-Wheels,” and many more.
The attendee and presenter list is sprawling this year and seems to be branching out even wider, especially into the electric motorcycle space. Light electric motorcycle companies like Ryvid and Land will be in attendance, as well as what looks to be dozens of e-bike and e-scooter companies. The Startup Awards section is a great chance to see new, up-and-coming companies with fresh ideas and new takes on existing problems in the industry. The test track area brings together dozens of interesting light electric vehicles for a chance to test new rides that many people only ever get a chance to see in pictures and videos.
Ticket prices for the entire show aren’t for the faint of heart, priced at US $450 up to today (and that even includes a discount!), though the event is largely targeted toward industry and commercial attendees. For those that just want to come and test ride all of the interesting vehicles, US $10 will net you a pass to the Ride Expo on October 20 from 12:30 p.m. to 4:30 p.m.
The Ride of the Lifetime festival-like group ride will likely depart from the event at the Craneway Pavillion around 4:30 p.m. at the end of the Ride Expo. Anyone already taking part in the Ride Expo can join up, but if you want to experience the fun while keeping it completely free, then don’t tell anyone I told you this, but you can probably just hang around the parking lot around that time with your bike or scooter, and then join in with the massive group ride through the streets when they depart the event. If the Amsterdam show was any indication, the group ride included tons of locals who just happened to be around and joined in for the fun.
To see what the group ride will likely look like, check out my video below from the Amsterdam show earlier this year. The Rave Ride starts at around 7:50 p.m.
Electrek’s Take
I attended this conference last year, as well as the European version earlier this year, and both were an awesome experience to talk to some of the most important movers and shakers across the industry. The event is heavily attended by CEOs of most of these major e-bike, e-scooter, and e-moto companies.
Being able to test so many different vehicles, especially back-to-back in order to make direct comparisons, is an invaluable experience.
On a personal note, I unfortunately won’t be able to attend the show this year. I had been on the speaker list, but I live in Israel and after the Hamas terror attacks on October 7, I’ve been supporting the defense of my country, working when I can, and protecting my family. In fact, I wrote around half of this article from my laptop in a bomb shelter after escaping the third rocket barrage today on Tel Aviv. I would love nothing more than to be spending my time at the show, discussing and riding e-bikes, e-scooters, and every other form of alternative personal transportation. But fighting the ugly evils of terrorism has taken precedent. If you are a person of faith, please pray for all of us. If you are not, I hope you will send your positive energy. Both we as Israelis and the many innocent Palestinians that do not support Hamas deserve to live in peace as neighbors in our own countries. The atrocities committed by terrorists seek to prevent that peace. Through their removal, hopefully we can find the peace we all deserve.
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The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom.
Nathan Stirk | Getty Images News | Getty Images
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset.
The beleaguered energy giant also said it planned to lower its annual capital expenditure to sit within a range of $13 and $15 billion over the same time horizon, while targeting $20 billion in divestments by the end of 2027.
The oil major said investment in transition businesses would be “significantly lower” over the coming years. The firm said spending is now likely to come in at $1.5 billion to $2 billion per year — more than $5 billion per year below the previous guidance.
“Today we have fundamentally reset bp’s strategy,” BP CEO Murray Auchincloss said in a statement.
“We are reducing and reallocating capital expenditure to our highest-returning businesses to drive growth, and relentlessly pursuing performance improvements and cost efficiency. This is all in service of sustainably growing cash flow and returns,” he added.
BP is poised to outline further details of its new direction at its Capital Markets Update on Wednesday afternoon.
An investor day presentation, which will be hosted by Auchnicloss and other members of the firm’s leadership team, is scheduled to take place from 1 p.m. London time.
Analysts have described BP’s investor day as a pivotal moment for the firm, particularly after it emerged that activist investor Elliot Management had built a stake in the oil major.
BP’s Auchnicloss, who took the helm on a permanent basis in January last year, is under significant pressure to reassure investors that the company is on the right track to improve in its financial performance.
The London-listed firm has lagged its industry rivals in recent years, as investors have continued to question the firm’s strategic direction.
Shares of BP fell 1% on Wednesday morning.
‘Shocking but not surprising’
Lindsey Stewart, director of investment stewardship and policy at Morningstar Sustainalytics, said Wednesday that BP’s decision to reduce capital expenditure on renewables and double down on its fossil fuel assets “will be shocking but not surprising to investors focused on sustainability.”
He added that “having already cut back its energy transition targets in 2023, BP’s subsequent underperformance compared with peers has created pressure for BP management to focus on sustainability of a financial rather than ecological nature.”
Reuters on Monday reported that BP is poised to abandon its target to increase renewable generation 20-fold by 2030, citing two unnamed sources close to the matter. A spokesperson for the company declined to comment when contacted by CNBC.
Five years ago, BP became one of the first energy giants to announce plans to cut emissions to net zero “by 2050 or sooner.” As part of this push, BP pledged to slash emissions by up to 40% by 2030 and to ramp up investment in renewables projects.
The company scaled back this emissions target to 20% to 30% in February 2023, saying at the time that it needed to keep investing in oil and gas to meet global demand.
In case you needed another reason to feel jealous of Chinese car enthusiasts, the Chery Exeed VX C-DM three-row SUV is officially available for pre-order with 610 hp, 1,300 km (over 800 miles) of EREV range, and a starting price of $33,085 US.
State-owned Chinese automaker Chery recently launched the Exeed luxury brand, with its latest model, the Exeed VX C-DM plugin, making its international debut in Saudi Arabia February 23. At the same time, Chery opened the order books on the Exeed in China under the Exeed Lanyue C-DM name. And it is, in a word: impressive.
It’s really nice, you guys
Exeed VX; via Chery.
Dubbed “the land business jet” on Exeed’s website, the Exeed VX C-DM pairs a 1.5L range-extending ICE motor with a three-speed DHT gearbox that integrates with a 165 kW e-motor. A second 175 kW electric motor sits in the rear axle, giving the big, seven-passenger SUV a combined peak power output of 455 kW (about 610 hp) and 920 Nm (nearly 680 lb-ft) of torque. That’s enough to rocket the big SUV from 0-60 mph in less than 5.0 seconds.
In addition to that power and performance Exeed VX C-DM buyers also get a high-end interior with quilted leather, massaging front seats, slick infotainment screens, panoramic glass roof, a 23-speaker Lion Melody sound system, and LED mood lighting. That high-tech interior sets the stage for more high-tech baubles, like 26 ADAS functions that include self-driving features, an SDG system to reduce collisions, a 540-degree (?) camera for easy parking.
That ADA system combines with a “high-performance integrated cage body” and 10 driver and passenger airbags to deliver a 5 Star C-NCAP crash test rating.
And, yes – al that goodness starts at the equivalent of just 239,900 yuan ($33,085 US) in China.
With revenue tumbling almost as fast as market share, Tesla stock is taking a pounding – exactly like CEO Elon Musk predicted! We’ve also got FSD rolling out in China, a German automation acquisition, and more on today’s red candlestick edition of Quick Charge!
We’ve also got some clarifying news at Mercedes-Benz, which is set to ditch its confusing EQ-based model alphanumerics and (God willing) their suppository-based styling language, too. Plus, Rivian launches a new upfit service to make it easier for fleet managers to order ready-to-work EVs, Ram ProMaster EV lives up to its promises with more options and a lower price tag, and a big solar deal goes down.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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