ZeroAvia signs on to provide up to 70 zero-emission engines to new electric airline, Ecojet
Hydrogen-electric plane technology developer ZeroAvia announced it has signed an agreement with the newly launched, carbon-conscious airline EcoJet to provide up to 70 zero-emission plane engines. With ZeroAvia’s help, Ecojet looks to become the world’s first all-electric airline.
ZeroAvia continues to hit milestones on a publicly shared development timeline that spans an entire decade. To date, we’ve seen the company secure experimental flight certificates from both the CAA in the UK and the FAA in the US – home to its two current headquarters.
Last January, ZeroAvia completed its first flight with its 19-passenger hydrogen-electric plane – the largest to take to the skies at the time. That accomplishment aside, the company has its sights set on developing larger and more powerful planes – vowing to deliver a 40- to 80-seat aircraft with up to 700 miles of range by 2027.
Before then however, we may see ZeroAvia’s technology help propel different planes under a new agreement with Ecojet – a UK-based airline founded a mere five months ago. Created by green energy industrialist and climate activist Dale Vince, Ecojet looks to become the world’s first electric airline using a fleet of aircraft powered using renewable energy… eventually.
Still in its infancy, Ecojet has recruited the technology of ZeroAvia to help get its hydrogen-electric planes airborne in the next couple years.
ZeroAvia to help Ecojet begin hydrogen-electric flights
ZeroAvia shared details of its latest agreement with an airline today, which will enable the sale of up to 70 hydrogen-electric engines to Ecojet, including its ZA600 and ZA2000. The deal was facilitated with the help of zero- and low-emission technology financier MONTE, who signed a definitive purchase agreement with ZeroAvia over the summer.
ZeroAvia states that MONTE will provide financing for Ecojet’s powertrain purchase, installation and operation, meaning that Ecojet will become the lessor’s first confirmed customer. Ecojet founder Dale Vince spoke to the agreement between the British companies:
We don’t have to give up flying to live a green lifestyle or to get to net zero as a country – and this is big news. The technology is here now and the planes are coming very soon – carbon free, guilt free flying is just around the corner. And although aviation is responsible for only a small part of all global emissions, it occupies a far bigger space than that in our psyche. The hearts and minds value of this new opportunity outweighs the carbon issue significantly. It shows that everything we need to do, can be done, with a low to zero carbon footprint. And that is big news and a big encouragement to us all.
ZeroAvia, MONTE, and Ecojet say they will work together alongside local airports to identify, develop, and help finance the first pathways to hydrogen-electric commercial operations in the UK and potentially beyond.
Ecojet says it will begin commercial flights in 2024 using conventionally powered aircraft flying in and out of Edinburgh. Meanwhile, ZeroAvia says it will continue to work toward type certification of its ZA600 engine in 2025. Once that certification is in place, Ecojet intends to retrofit its existing aircraft with the hydrogen-electric engines, thus becoming a zero-emissions airline.
According to the release, part of Ecojet’s purchase commitment includes the aforementioned Z2000 hydrogen-electric engines – capable of powering 80-seat regional turboprop aircraft. Ecojet its targeting a start of service for those larger electric planes in 2027.
ZeroAvia recently completed a 10 test flight program using a prototype of its ZA600 on a Dornier 228 aircraft and continues to “develop the core technologies for flying larger aircraft,” like those powered by the Z2000.
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If you’re considering going electric, May will be a great time to score a deal on an EV lease. Automakers are slashing lease prices on some of the most popular EVs to move inventory – here are four standouts.
Nissan Ariya SUV
The Nissan Ariya SUV has an MSRP of $41,805. Its lease term is 36 months, with $4,409 due at signing and a mileage allowance of 10,000 a year. Monthly payment? A sweet $129!
Nissan cut the 2025 Ariya Engage’s price by $144 in April, so it now has an effective monthly cost of $251 – that’s seriously affordable for an electric SUV. If you’re already a Nissan driver, then you’re going to get an even better deal, because Nissan is offering a $1,000 loyalty discount on the Ariya, which brings its effective cost down to $224 per month.
CarsDirect, which sniffed out this deal, thinks this Ariya deal will be in place until Memorial Day, so take advantage of tariff-free pricing while you can.
Click here to find a local dealer that may have the Nissan Ariya in stock. –trusted affiliate copy
Honda Prologue SUV
The Honda Prologue SUV has an MSRP of $48,850. Its lease term is 36 months, with $1,399 due at signing and a mileage allowance of 10,000 a year. The monthly payment on the Prologue is $239.
The 2024 Honda Prologue has up to $18,800 in rebates, and the price includes a $1,000 lease loyalty discount or conquest offer. In California and other ZEV states, the EX has an effective cost of just $278 per month; in other parts of the US, pricing will be around $30 higher. This offer ends July 7.
Click here to find a local dealer that may have the Honda Prologue in stock. –trusted affiliate copy
Tesla Model 3
The Tesla Model 3 has an MSRP of $43,880. Its best lease term is 24 months, with $1,044 due at signing and a mileage allowance of 10,000 a year. The monthly payment on the Model 3 is $349.
The 2025 Tesla Model 3 still has the $7,500 federal government EV rebate. Several months ago, Tesla reduced the amount due at signing on all Model 3s. And for those who want to lease a Long Range Model 3, the effective cost can be as low as $393 per month.
You can lease the Model 3 for 36 months, but the folks at CarsDirect found that the better deal will be had on 24-month leases. They compared the Model 3’s MSRP to the 2025 Lexus IS 300 F Sport’s MSRP, which is nearly identical, and the Model 3 was around 30% cheaper to lease.
Acura ZDX
The 2024 Acura ZDX has an MSRP of $65,850. Its best lease term is 36 months, with $4,699 due at signing and a mileage allowance of 7,500 a year. The monthly payment on the ZDX is $299.
The 2024 ZDX is Acura’s cheapest vehicle to lease because it features up to $29,450 in lease cash. However, the best deal is limited to California and ZEV states. If you cash in on a loyalty discount or conquest cash, the effective cost is $430 per month. This offer runs til June 30.
Click here to find a local dealer that may have the Acura ZDX in stock. –trusted affiliate copy
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Ford (F) reported its first-quarter earnings, beating Wall Street’s revenue and EPS expectations. However, with Trump’s auto tariffs, Ford is suspending full-year guidance. Here’s a breakdown of Ford’s Q1 2025 earnings
Ford Q1 2025 earnings preview
After crosstown rival General Motors cut its full-year financial guidance last week, investors are waiting to see if Ford will follow suit.
Ford’s previous 2025 forecast called for EBIT of $7 billion to $8.5 billion and capital expenditures between $8 billion and $9 billion.
The biggest threat is Trump’s new auto tariffs, which include a 25% duty on imported vehicles and many parts. Since Ford builds a greater percentage of vehicles in the US than any other major automaker, outside of Tesla, it isn’t expected to see as big of an impact.
CEO Jim Farley called it “an opportunity for Ford,” during an interview with CNN last week, saying the company has a “different footprint, a different exposure for tariffs.”
Ford imports around 21% of the vehicles it sells in the US, while GM imports around 46%. According to Estimize, Wall St expects Ford to post Q1 EPS of $0.0 on revenue of $38.02 billion.
The company reports earnings for each of its three business units, Ford Blue (gas-powered vehicles), Model e (electric vehicles), and Ford Pro (commercial and software business).
In the fourth quarter, Ford’s EV unit (Model e) lost another $1.4 billion while Pro and Blue each reported an adjusted EBIT of $1.6 billion.
Financial breakdown
Ford beat Wall Street estimates, reporting first-quarter revenue of $40.7 billion with an adjusted EPS of 0.49.
- Q1 2025 Revenue: $40.7 billion vs $38.02 billion expected.
- Q1 2025 Adjusted EPS: $0.49 vs $0.0 expected.
The company posted adjusted EBIT of $1 billion, down 63% from Q1 2024. Ford said its first-quarter EBIT suffered a nearly $200 million hit from added tariff costs, primarily in Ford Blue and Ford Pro.
Ford Pro generated an EBIT of $1.3 billion, Ford Blue $96 million, and Ford Model e reported an EBIT loss of $849 million.
For Model e, the company is focused on improving gross margins and “exercising a disciplined approach to investments in battery facilities and next-generation products.” Although still a nearly $1 billion loss, it’s still a $500 million improvement from Q1 2024.
Ford said higher Model e revenue was driven by new EVs launching in Europe, like the electric Explorer and Capri.
The company said its “Power Promise” promotion, which includes a free home charger and several other benefits, has helped drive demand in the US.
Although it’s tracking within its previous full-year adjusted EBIT guidance of between $7 billion and $8.5 billion, Ford is suspending full-year guidance due to the uncertainty surrounding tariffs.
Ford estimates the full-year gross cost of tariffs to be around $2.5 billion. It expects a tariff-related net adverse adjusted EBIT impact of about $1.5 billion for the full year 2025.
Ford also extended its “From America, For America” campaign last week. The promo includes employee pricing on most 2024 and 2025 models and now runs through July 4.
Check back for more info from Ford’s first quarter conference call. Ford is also hosting its annual meeting on Thursday, May 8, where we should learn more about its EV plans and how it will navigate the new tariffs.
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