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EV startup Canoo (GOEV) hit several milestones in the third quarter, including delivering its first EV built at its new Oklahoma facility.

Canoo delivers first “Made in Oklahoma” EV in Q3

“We are now in our manufacturing and revenue-generation phase,” Tony Aquila, Canoo CEO, said after delivering Q3 results this week.

Although it took “nearly three years to get to this point,” as Aquila explained, Canoo began generating its first revenue during the quarter.

Canoo announced it had delivered its first “Made in Oklahoma” EV to the state Tuesday. The company’s Lifestyle Delivery Vehicles (LDVs) are the first commercial motor vehicles to be built in the state since 2006.

The EVs were the first batch of an agreement between Canoo and the state for up to 1,000 vehicles.

The news comes after Canoo said it began generating revenue from its first three vehicles delivered to NASA in July.

Canoo’s journey to get here has been anything but smooth, but the EV maker is finally entering the “revenue-generation phase.”

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First Canoo EVs delivered to NASA (Source: Canoo)

Canoo begins generating revenue

“We continue to move toward our goal of achieving 20,000 annual unit capacity,” Canoo’s leader explained this week.

Despite the progress, “We still have things left to prove.” Canoo is cutting spending with an expected EBITDA loss of $85M to $105M in the second half of 2023. Capital spending is forecasted between $30M to $40M, down from $70M to $100M.

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Canoo Lifestyle Vehicle Adventure trim (Source: Canoo)

Canoo posted revenue of $519M on the sale of its first EV, while losses narrowed to $112M in Q3, compared to over $117M last year. The company’s net losses reached $273.6M through September.

The EV maker ended the quarter with $8.3M in cash and equivalents, compared to $5M at the end of June.

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Canoo’s American Bulldog electric pickup (Source: Canoo)

Canoo also unveiled its “American Bulldog” electric pickup truck last week. The EV pickup is a tribute to the “American spirit and reflects this country’s innovation,” according to Aquila.

Electrek’s Take

With its “Made in America” approach, Canoo expects to benefit from the IRA’s Commercial Clean Vehicle Tax Credit. Canoo customers are eligible for a tax credit of up to $7,500.

Although it’s been anything but a smooth ride, Canoo finally generated its first revenue. The company has repeatedly doubted its ability to continue operations over the past few years due to a lack of funding.

The third quarter was a step in the right direction, but with a gloomy economic outlook, the next few months could present even more of a challenge for the young EV startup as it ramps production.

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An electric Subaru BRZ? Don’t rule out an EV version just yet

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An electric Subaru BRZ? Don't rule out an EV version just yet

The Subaru BRZ may live on as an EV after all. Subaru wants its share of the sports car market, and an electric BRZ could hit the sweet spot.

Is Subaru launching an electric BRZ?

Subaru discontinued the BRZ in Europe in 2020 after the first generation. Although its twin, the Toyota GR86, was sold until the 2024 model year, the BRZ was released as a US-only model.

In its third generation, it could return as an EV. Speaking with Autocar, Subaru’s European head, David Dello Stritto, said, “Our options are open,” hinting that the BRZ could make a comeback in electric form.

Subaru’s global EV product boss, Inoue Masahiko, confirmed an electric version of the sports car “was under consideration.” He added that Subaru has extensively looked into an EV version of the BRZ with its partner, Toyota.

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Masahiko explained that “We did consider electrifying the BRZ and GR86, but the win-win relationship is more important.” So far, “We can’t get the kind of benefits from both sides,” he added.

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2026 Subaru Uncharted EV (Source: Subaru)

Subaru is already launching several new electric vehicles in Europe, including the new Uncharted, E-Outback (known as Trailseeker in the US), and an updated Solterra SUV.

Stritto said that an electric sports car will depend on the success of these models first, especially the Uncharted. According to Subaru’s European boss, the Japanese automaker feels “very positively about Subaru enthusiasts, but we need to see how Uncharted does first.”

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2026 Subaru Solterra EV (Source: Subaru)

As for an “electrified” powertrain, or hybrid, Masahiko said the vehicle’s packaging “would make it difficult,” adding an EV version would be “easier” to create.

The comments come after Stritto told Autocar last week that a new entry-level EV could also be in the works. However, that will also depend on how well the Uncharted sells.

For those in the US, don’t worry – Subaru is not planning to discontinue the BRZ. If it did launch as an EV, would you consider one? It would go up against the new Hyundai IONIQ 6 N and Tesla Model 3 Performance.

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Nissan is getting ready for the new LEAF EV with a one-stop clean energy shop

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Nissan is getting ready for the new LEAF EV with a one-stop clean energy shop

The new Nissan LEAF will arrive at dealerships this fall, and to go with it, the company has introduced a new one-stop shop for EV chargers and more.

Nissan launches new shop for EV chargers and more

Nissan says it’s “building more than electric vehicles” after launching its new “Nissan Energy Marketplace” on Thursday.

The new one-stop shop was developed in collaboration with Electrum, a leading home energy marketplace provider. Electrum has built similar platforms for other major automakers, including Tesla (in certain regions), Hyundai, and Honda.

Nissan joins in just as the new and (much) improved LEAF is about to hit US dealerships. Through the new marketplace, you can research and find EV chargers, solar panels, and battery storage options.

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With the help of Electrum’s Energy Advisors, you can compare prices from a nationwide network of contractors. You can also find local, state, and federal incentives to reduce your costs further.

The 2026 Nissan LEAF will reach US dealerships this fall. Dropping the iconic hatch design, the LEAF is now all grown up with a more crossover SUV-like profile.

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Nissan launches new Nissan Energy Marketplace (Source: Nissan)

Powered by a 75 kWh liquid-cooled lithium-ion battery, the new LEAF has up to 303 miles of driving range. That’s a significant difference from the maximum 212-mile range offered on the outgoing model, which was powered by a 62 kWh battery.

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2026 Nissan LEAF (Source: Nissan)

It can also recharge from 10% to 80% in as little as 35 minutes. Perhaps the best part is that the 2026 Nissan LEAF will include a built-in NACS port, enabling access to Tesla Superchargers.

Nissan has yet to reveal prices, but the new LEAF EV is expected to start in the $35,000 to $40,000 range. The new LEAF is one of ten new Nissan and Infiniti models slated to launch in North America by 2028, as the Japanese automaker seeks to revamp its brand. A new “adventure-focused” electric SUV is set to arrive around 2027, followed by a luxury Infiniti EV SUV.

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The world pledged to triple renewables by 2030 – but it’s all talk so far

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The world pledged to triple renewables by 2030 – but it's all talk so far

Two years after world leaders pledged to triple global renewable energy capacity by 2030, a new report shows that most countries still aren’t planning like they mean it.

Global energy think tank Ember released new data showing that national targets for renewable energy have barely budged since the COP28 climate summit in 2023. Collectively, countries are now aiming for just 7.4 terawatts (TW) of renewable energy by 2030 – that’s only a 2% increase in ambition since the agreement was signed. To hit the global tripling goal of tripling renewables by 2030, we need to reach 11 TW. Right now, we’re still on track for just a doubling.

“The purpose of a national renewables target is less so to force more renewables to be built, but rather to make sure they are built smarter,” said Dr. Katye Altieri, global electricity analyst at Ember. Setting clear goals helps governments plan where to build projects and how to best integrate them into the grid, and it helps companies invest in supply chains. What results is cheaper, more secure electricity.

Since COP28, only 22 countries have updated their renewables targets, and most of them are in the European Union. Outside the EU, just seven countries have made changes. That sluggish response highlights how most governments are still moving at their usual planning pace, despite the climate emergency.

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The world’s biggest electricity producers haven’t done much either. The US still doesn’t have a national 2030 renewables target — and with Trump’s rollback of the Inflation Reduction Act (IRA), there’s little to no chance of that happening during this administration. India’s target of 500 GW hasn’t moved, but it’s already aligned with the tripling goal. Russia has no 2030 target at all, and no plans to set one.

China is finalizing its 15th Five-Year Plan for Energy, which is expected to include a 2030 renewables target, though it’s unclear if that will be part of the plan, its nationally determined contribution (NDC), or both. South Africa is also updating its Integrated Resource Plan, which could bring a new 2030 goal.

This report lands just as countries are gearing up for COP30 in Brazil, and without urgent, ambitious target updates and a clear path to implementation, the world is set to miss the 2030 goal. That would also be a missed opportunity to boost investment, cut fossil fuel use, and build a more affordable and resilient energy system.

Read more: Batteries are so cheap now, solar power doesn’t sleep


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