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Last week, I got the invite from Audi to venture to (normally) sunny Los Angeles and take a spin behind the wheel of its latest EV model – the SQ8 e-tron. Available as a standard quattro and Sportback version, the tri-motor SQ8 takes the previously launched Q8 e-tron and refines it in a number of ways to improve performance… well, everything aside from range, that is.

The Audi SQ8 e-tron arrives as a familiar, yet refreshed spin on the German automaker’s second wave if you will, of all-electric vehicles. The Volkswagen Group sub-brand was one of the early adopters of electrification with the original e-tron SUV back in 2018, followed by the e-tron GT and RS e-tron GT in 2020, the e-tron S and Sportback in 2021, and the Q4 e-tron and Sportback in 2022.

Earlier this year, I flew out to wine country to test drive the Q8 e-tron and Sportback – Audi’s design refresh and rebranding of the original e-tron for the new electric age, in which all future BEVs will be even numbered, while all ICE vehicles will be odd (appropriately so).

While the Q8 e-tron didn’t appear to stray too far from the last variation under the lone e-tron nomenclature, the EV’s platform architecture told a different story. Audi successfully improved its battery and motor design within both the Q8 e-tron SUV and Sportback, utilizing every inch of the EV’s battery modules by stacking their prismatic cells rather than winding them. The result is a battery pack that delivers nearly 20 kWh more gross capacity (114 kWh vs. 95 kWh) – all in the same footprint.

Audi was also able to achieve a range increase around 20%, eclipsing 300 miles on a single charge for the first time. With its next variant, the SQ8 e-tron, Audi has further improved the driving experience of the Q8 e-tron inside and out.

Audi SQ8 e-tron improvements and other specs

The all-electric SQ8 picks up where Audi left off with the Q8 e-tron earlier this year, bringing an even keener focus on aerodynamics. Not to be confused with the e-tron S, or the e-tron S-Line, the SQ8 e-tron saw a completely redone suspension, steering, and integrated control modules 

Features like revamped air curtains and new wheel spoilers that funnel air under the body and around the car to reduce drag on the wheels help deliver improved aero. Audi says it has reduced drag by up to 6% on the SQ8 e-tron.

Other features include dimpled fiberglass on the underbody cover (golf ball principle) and active shutters which were resurrected from the design of the original e-tron. As with other e-tron models, Audi is one of the few automakers that offers 9.6 kW AC charging points on both sides of the vehicle, with an optional upgrade to 19.2 kW. Only the driver’s side has DC capabilities, however.

The 2024 SQ8 e-tron arrives in both a standard and Sportback version – both tri-motor, both Audi quattro design. The specs between the two variants are virtually the same, except the Sportback is half an inch shorter in height and leaves slightly less headroom and cargo space in its interior. Here are some additional specs:

  • Motor: 3x asychronous electric motors
  • Peak Horsepower: 496 hp (370 kW)
  • Torque: 718 lb.-ft. (in Boost Mode) (972 Nm)
  • Battery Size/Type: 114 kWh (gross) / 397V Lithium Ion
  • Max Charging Capacity (AC): 9.6 kW (19.2 kW Optional)
  • Max Charging Capacity (DC): 170 kW
  • Level 2 Charging (9.6 kW – 240V @ 40A): 13 hours
  • Level 2 Charging (19.2 kW – 240V @ 80A): 6.5 hours
  • DC Fast Charging (170 kW): 31 minutes (10-80%)
  • 0-60 mph Acceleration: 4.2 seconds (0-100 km/h – 4.6 seconds)
  • Top Speed: 130 mph (210 km/h)
  • Max Towing Capacity: 4,000 lbs.
  • Curb Weight: 6,118 lbs.
  • EPA Range (20″ wheels): 253 miles
  • EPA Range (22″ wheels): 218 miles

Next, let’s check out some images of the Audi SQ8 e-trons interior before I dig into my drive experience and we talk pricing. Have a look:

Before we got out on the uncharacteristically wet and rainy roads of Malibu last week, Audi’s senior manager of product planning, Anthony Garbis, explained to us how quiet the new SQ8 e-tron is, going as far as saying it’s as quiet or quieter and an A8, which is super insulated. Garbis wasn’t lying.

One of the perks I pointed out during my drive in the Q8 e-tron this past May, was how quiet of a ride it was, but the SQ8 takes it to another level. I took a moment to pause Sirius XM and ride in the silence of the canyons above Los Angeles, hearing nothing but the rain being kicked up by the e-tron’s EV tires from Hankook. I took a video, but it doesn’t do it justice because of the pouring rain, but it’s quiet, trust me.

Because of the rain and several conservative LA drivers on the wet windy roads, I didn’t get as many opportunities to make the tires squeal as I wanted. That said, there were two points in between rainfalls where I found a straightaway and was able to get my SQ8 e-tron (cover your ears Audi) WELL over the speed limit (let’s just leave it at that).

As a sportier version of the Audi Q8 e-tron, the SQ8 did not disappoint on acceleration, although it honestly didn’t drive like a tri-motor EV. It definitely still felt like a dual motor in my opinion. Perhaps if I was able to hit some hairpins a little harder on dry pavement, I could have felt the torque vectoring, but unfortunately, Mother Nature said otherwise that day.

At over 6,100 pounds, the SQ8 e-tron is a sturdy gal, but it drives a lot nimbler. I believe I mentioned in my review of the Q8 e-tron that I hit a couple turns in Napa a little too hard at the start and quickly realized just how large and heavy that SUV is. While the SQ8 is very comparable to the Q8 e-tron, I found it drove a lot smaller than it looks.

The leather handle in the center console pictured above is an excellent touch in my opinion and the perfect place to rest your hand when cruising. The head up display (HUD) was easily visible and showed navigation and the haptic response of the touch screen was welcomed.

My only issue with the UX is that it was too many tap throughs to switch drive modes when I wanted to test out Dynamic Mode and experience the full horsepower and torque vectoring. Especially when driving on winding roads when you need to be paying close attention. There could have been a way to do it from the steering wheel, but I couldn’t seem to find it during all my fiddling around during my drive.

The Audi SQ8 e-tron (blue) and Sportback (red) / Credit: Audi

In my opinion, the Audi SQ8 e-tron is a slightly sportier version of the Q8 e-tron, but with red brake calipers and some unique badging throughout. I hear “tri-motor” and think “Plaid” or “Sapphire,” but that’s not the level of acceleration you’re going to get in this heavy SUV.

Performance-wise, its more than adequate, but the sacrifice to range you have to make for the powertrain performance doesn’t seem worth it to me. I’d rather take the 300 miles on the Q8 e-tron personally. That said, it’s still an Audi through and through. The quality of the design and the interior especially is luxe, everything worked easily and efficiently, and it made for a quiet, smooth, and relaxing ride – even at high speeds. The SUV screams quality and comfort inside and out.

I also absolutely loved the metallic blue exterior color I drove on my SQ8 e-tron and hope consumers will opt for that shade if and when they buy – I wanna see more bright blue cars on roads.

If you are interested in exploring an Audi SQ8 e-tron, the quattro version will begin at an MSRP of $90,995, while the Sportback version starts at $93,795. Note, those prices already include $1,195 in destination fees. The EVs are expected to hit Audi showrooms in Q4 of this year.

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State of New York commits $21 million to support zero-emission mobility

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State of New York commits  million to support zero-emission mobility

While the Trump Administration walks back emissions standards and pretends science isn’t real, New York Governor Kathy Hochul is announcing plans to improve the quality of life for her constituents by investing over $21 million in support of zero-emission mobility and transportation solutions across New York State.

New York’s newly announced Clean Mobility Program will provide funding for scalable, community-led demonstration projects highlighting micro mobility, ride sharing, and community-managed “on-demand shared transportation” options.

The Governor’s office believes these solutions could help lower air pollution in the state while offering residents affordable connections to services, jobs, and transit. Objectively needed wins, in other words – and even more needed in traditionally underserved communities.

Governor Hochul gets it


NY Governor Kathy Huchul, via governor.ny.gov.

“Even as the federal government walks away from clean air and energy standards, New York continues to invest in modern, flexible and efficient electric transportation options that improve air quality and expand affordable consumer choices,” explains Governor Hochul. “Our priority is linking communities, including areas that have been historically marginalized, with resources that provide residents with a variety of flexible transportation options that allow them to conduct their daily business uninterrupted.”

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The program is the latest of the state’s recent EV funding initiatives, and the official release (on the New York State website) announced more details about The Clean Mobility Program:

The Clean Mobility program offers up to $21.6 million for projects across New York State and will award up to $3 million per project, with priority given to projects in disadvantaged communities, as defined by the Climate Justice Working Group.

Additionally, up to $8 million is set aside to fund demonstration projects located in specific areas of the state, including those served by the upstate investor-owned utilities. This includes a total of up to $5 million for micro mobility projects in the Central Hudson, National Grid, New York State Electric & Gas, and Rochester Electric & Gas region and up to $3 million for any type of eligible demonstration projects located in the Bronx.

NEW YORK STATE

Proposals for demonstration projects must include a completed planning document that includes community engagement, site identification and operations, project partner identification, technical feasibility assessment, and a policy and regulatory feasibility assessment. Any e-bikes or e-scooters deployed in these projects must meet industry and state safety standards to be eligible.

Proposals are due on September 25, 2025 by 3:00 PM EST. For more information on this funding opportunity please visit the NYSERDA’s website.

Electrek’s Take


New York City; by Benny Rotlevy, via Unsplash.

Times Square banned cars in 2009 and New York City implemented congestion pricing earlier this year, angering exactly the right people in exactly the right way for exactly the right reasons. In both cases, the plans worked, the problems were solved for, and the lives of the people of New York improved. Governor Hochul’s latest plan is sure to be the latest in an ever-growing line of green success stories.

SOURCE | IMAGES: New York State.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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EVgo set to borrow up to a $300 million to build 1,500 new DC fast chargers

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EVgo set to borrow up to a 0 million to build 1,500 new DC fast chargers

EVgo has secured a massive, $225 million loan facility with five commercial banks in a bid to accelerate its expansion plans and add more than 1,500 new DC fast chargers to America’s EV charging landscape – and they have an option to borrow even more!

This week, EVgo announced that it has closed on a first-of-its-kind, senior secured, non-recourse credit facility with “top tier” banks for $225 million – and they have the option to increase their line of credit by $75 million more to fund additional network growth.

“This groundbreaking financing transaction sets a precedent for expanding high-power charging infrastructure by leveraging debt capital,” said Francine Sullivan, EVgo CLO & EVP Corporate Development. “Such resounding support from the global project finance bank market marks another milestone in EVgo’s plan to enhance value with our growing industry-leading fast charging solutions. We look forward to partnering with our banking partners to continue to grow our leadership position into the future.”

The credit card facility is being funded by a group of five “top tier” banks, according to EVgo, with the project being led by SMBC as Structuring Agent, Coordinating Lead Arranger, and Joint Bookrunner. Bank of Montreal, Royal Bank of Canada, and ING Bank NV are acting as the Joint Lead Arrangers and Joint Bookrunners, while Investec Bank Plc is also on, though “just” as a participating lender.

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The companies involved are calling this new capital for public fast charging an important milestone that reflects both the maturity and profitability of the EVgo network, and broader confidence in the company’s management team.

“This financing demonstrates SMBC’s continued ability to lead innovative financing solutions for clients in emerging sectors across the broader infrastructure landscape,” said Juan Kreutz, SMBC Americas Head of Global Structured Finance. “We are proud to partner with an industry leader like EVgo on this pioneering financing as the company expands its network of accessible charging infrastructure throughout the US.”

Electrek’s Take


More public EV charging, including curbside, envisioned in Chicago plan
DC fast charging stations in Chicago; via EVgo.

The people running EVgo are smart. They understand that the loss of the $7,500 Federal tax credit isn’t the dealbreaker it’s being made out to be, and that the demand for chargers is only going to continue to grow. What’s more, the banks have done their research, looked at the projections, and decided the odds of getting their $225-300 million were pretty good.

Glad to see it. Now, for give me – I’m off to watch The Big Short again (for unrelated reasons).

SOURCE | IMAGES: EVgo.


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Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone

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Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone

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

CANNES — Ten years ago, Vitalik Buterin and a small band of developers huddled in a drafty Berlin loft strung with dangling lightbulbs, laptops balanced on mismatched chairs and chipped tables. They weren’t corporate titans or venture-backed founders — just idealists working long nights to push a radical idea into reality.

From that sparse office, they launched “Frontier,” Ethereum‘s first live network. It was bare-bones — no interface, no polish, nothing user-friendly. But it could mine, execute smart contracts, and let developers test decentralized applications. It was the spark that transformed Ethereum from an abstract concept into a living, breathing system.

Bitcoin had captured headlines as “digital gold,” but what they built was something else entirely: programmable money, a financial operating system where code could move funds, enforce contracts, and create businesses without banks or brokers.

One year earlier and 520 miles away in Zurich, Paul Brody got a call from IBM security: A kid was wandering the lab unattended.

“That’s not a child,” Brody told them. “That’s Vitalik. He’s a grown-up — he just looks really young.”

Paul Brody and Vitalik Buterin with IBM and Samsung executives at CES 2015, where IBM unveiled its first blockchain prototype built on Ethereum’s early code.

Paul Brody

At the time, Buterin was building the bones of Ethereum. The blockchain was still in its alpha stage, an early version of what would become a $420 billion platform rewiring Wall Street and powering decentralized finance, NFTs, and tokenized markets across the globe.

Brody, then leading a research team at IBM, remembers how quickly the idea clicked.

“One of the guys on the research team came to me and said, ‘I’ve met this really interesting guy. He’s got a really cool idea…It’s like a version of bitcoin, but we’re going to make it much faster and programmable,'” he said. “And when he said that to me, I thought, ‘That’s it. That is what I want. That is what we need.'”

With Buterin’s help, IBM built its first blockchain prototype on Ethereum’s early code, unveiling it at CES in 2015 alongside Samsung. “That was how I ended up down this path,” Brody said. “I was done with all other technology and basically made the switch to blockchain.”

Even now, as EY’s global blockchain leader, Brody remembers feeling a pang of envy. “This is a kid, and it doesn’t matter,” he said. “I was jealous of Vitalik… to be able to do that.”

He added, “I don’t think opportunities like that could have been surfaced when I was that age.”

Now, a decade later, that experiment has quietly rewired global markets.

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

“It’s very impressive, just how much the space has succeeded and grown into, beyond pretty much anyone’s expectations,” Buterin told CNBC in Cannes on the sidelines of the blockchain’s flagship event in Europe.

Buterin said the change over the past decade has been staggering. Ten years ago, he recalled, the crypto community was “just a very small space,” with only a handful of people working on bitcoin and a few other projects.

Since then, Ethereum has become “this big thing,” Buterin reflected, with major corporations now launching assets on both its base layer and layer-two networks. Parts of national economies are beginning to run on Ethereum infrastructure, a far cry from its cypherpunk origins.

But Buterin warned that mainstream adoption brings risks as well as benefits. One concern is that if too few issuers or intermediaries dominate, they could become “de facto controllers of the ecosystem.” He described a scenario where Ethereum might appear open, but, in practice, all the keys are managed by centralized providers.

“That’s the thing that we don’t want,” he said.

Prague to the Riviera

Two years earlier in Prague, CNBC met Buterin at Paralelní Polis, a sprawling industrial complex turned anarchist tech hub in the city’s Holešovice district. The building’s labyrinthine staircases and shadowed corridors felt like a physical map of the crypto world itself — part resistance movement, part experiment in reimagining power.

It was a place built on Václav Benda’s concept of a “parallel society,” where decentralized technologies offered refuge from state surveillance and control. It’s the kind of place where Buterin, a self-described nomad, found himself at home among cypherpunks and cryptographic idealists.

At the time, Buterin described crypto’s greatest utility not in speculative trading, but in helping people survive broken financial systems in emerging markets.

ETHPrague 2023 was held at Paralelní Polis in the Czech Republic.

Pavel Sinagl

“The stuff that we often find a bit basic and boring is exactly the stuff that brings lots of value,” he told CNBC at the time. “Just being able to plug into the international economy — these are things that they don’t have, and these are things that provide huge value for people there.”

Even in Prague, where coders worked to make payments fast and censorship-resistant, the technology felt like a resistance movement — privacy-preserving, anti-authoritarian, a lifeline in countries where banking collapses were common and money couldn’t be trusted.

This year, Buterin keynoted Ethereum’s flagship conference at the Palais des Festivals — the same red carpet venue that hosts movie stars each spring.

It was a fitting symbol of Ethereum’s journey: from underground hacker dens to a network that governments, banks, and brokerages are now racing to build upon.

Brody, who currently leads blockchain strategy at EY, says what matters most is how deeply Ethereum is integrating into traditional finance. “The global financial system is really nicely described as a whole network of pipes,” he said.

“What’s happening now is that Ethereum is getting plumbed into this infrastructure,” Brody continued, noting that until recently, crypto operated on entirely separate rails from traditional finance.

Now, he said, Ethereum is being wired directly into core transaction systems, setting the stage for massive financial flows — from investors to everyday savers — to migrate away from older mechanisms toward Ethereum-based platforms that can move money faster, at lower cost, and with more advanced functionality than legacy systems allow.

Ethereum Co-Founder Joe Lubin on Ethereum Treasurys as the cryptocurrency turns 10

Becoming the plumbing of Wall Street

Stablecoins — digital dollars that live on Ethereum — power trillions in payments, tokenized assets and funds are moving on-chain, and Robinhood recently rolled out tokenized U.S. equities via Arbitrum, an Ethereum-based layer two.

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 all stablecoin activity.

Between Circle’s IPO and the stablecoin-focused GENIUS Act, now signed into law by President Donald Trump, regulators have new reason to engage with, rather than fight, this transformation.

Data from Deutsche Bank shows stablecoin transactions hit $28 trillion last year — more than Mastercard and Visa combined. The bank itself has announced plans to build a tokenization platform on zkSync, a fast, cost-efficient Ethereum layer two designed to help asset managers issue and manage tokenized funds, stablecoins, and other real-world assets while meeting regulatory and data protection requirements.

Digital asset exchanges like Coinbase and Kraken are racing to capture this crossover between traditional securities and crypto.

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

As part of its quarterly earnings release, Coinbase said this week it’s launching tokenized stocks and prediction markets for U.S. users in the coming months, 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, offering qualified investors on-chain access to yield with real-time redemptions settled in USDC.

Even as newer blockchains tout faster speeds and lower fees, Ethereum has proven its staying power as the trusted network for global finance. Buterin told CNBC in Cannes that there’s a misconception about what institutions actually want.

“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.

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

Institutions are choosing various layer twos to meet specific needs — Robinhood uses Arbitrum, Deutsche Bank zkSync, Coinbase and Kraken Optimism — but they all ultimately settle on Ethereum’s base layer.

“The value proposition of Ethereum is its global reach, its huge capital flows, its incredible programmability,” Brody said.

He added that the fact it isn’t the fastest blockchain or the one with the quickest settlement times “is secondary to the fact that it’s overall the most widely adopted and flexible system.”

Brody also believes history points toward consolidation. He said that in most technology standards wars, one platform ultimately dominates. In his view, Ethereum is likely to become that dominant programmability layer, while Bitcoin plays a complementary role as a risk-off, scarcity-driven asset.

Engineers, he said, “love to work on a standard… to scale on a standard,” and Ethereum has become precisely that.

Tomasz Stańczak, the newly appointed co-executive director of the Ethereum Foundation, in Cannes for Europe’s largest annual gathering for the blockchain.

MacKenzie Sigalos

Tomasz Stańczak, the newly appointed co-executive director of the Ethereum Foundation, sees the same pattern from inside the ecosystem.

“Institutions choose Ethereum over and over again for its values,” Stańczak said. “Ten years without stopping for a moment. Ten years of upgrades with a huge dedication to security and censorship resistance.”

When institutions send an order to the market, they want to be sure that it’s treated fairly, that nobody has preference, and that the transaction is executed at the time when it’s delivered. “That’s what Ethereum guarantees,” added Stańczak.

Those assurances have become more valuable as traditional finance moves on-chain.

Scaling without losing its soul

Ethereum’s path hasn’t been smooth. The network has weathered spectacular booms and busts, rivals promising faster speeds, and criticism that it’s too slow or expensive for mass adoption. Yet it has outlasted nearly all early competitors.

In 2022, Ethereum replaced its old transaction validation method, proof-of-work — where armies of computers competed to solve puzzles — with proof-of-stake, where users lock up their ether as collateral to help secure the network. The shift cut Ethereum’s energy use by more than 99% and set the stage for upgrades aimed at making apps faster and cheaper to run on its base layer.

Ethereum co-founder Vitalik Buterin in Prague, where he finds refuge with like-minded programmers looking to change the world through cryptography-powered technology.

CNBC

The next decade will test whether Ethereum can scale without compromise.

Buterin said the first priority is getting Ethereum to “the finish line” in terms of its technical goals. That means improving scalability and speed without sacrificing its core principles of decentralization and security — and ideally making those properties even stronger.

Zero-knowledge proofs, for example, could dramatically increase transaction capacity while making it possible to verify that the chain is following the rules of the protocol on something as small as a smartwatch.

There are also algorithmic changes the team already knows are needed to protect Ethereum against large-scale computing attacks. Implementing those, Buterin said, is part of the path to making Ethereum “a really valuable part of global infrastructure that helps make the internet and the economy a more free and open place.”

Buterin believes the real change won’t come with fireworks. He said it may already be unfolding years before most people recognize it.

“This type of disruption doesn’t feel like overturning the existing system,” he said. “It feels like building a new thing that just keeps growing and growing until eventually more and more people realize you don’t even have to look at the old thing if you didn’t want to.”

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