Aventon Aventure e-bike clearance hits $700, Greenworks electric tools, more
End-of-the-year clearance has arrived on Aventon e-bikes starting from $600. The deals offer the best prices yet on some older models before new stock hits for 2024 and come joined by price cuts on Greenworks electric tool bundles, as well as portable power stations and tons of other Green Deals.
Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.
Best Buy clears out Aventon e-bikes from $600
Best Buy is clearing out some previous generation Aventon e-bikes today, really leaning into the end-of-the-year savings with $1,300 off the original Aventure EV. It’s still quite the compelling electric ride, and we previously found it worthy of carrying you around for adventures in our original hands-on review back when it launched. The new all-time low offer drops it down to $699.99 shipped, delivering the best discount we’ve seen from its usual $2,000 going rate. The Aventure may be the company’s previous-generation release at this point, but it still delivers a pretty compelling EV experience with a pair of 4-inch fat tires and a Class 2 design that can hit upward of 28 MPH. There’s a 45-mile range attached to go alongside front suspension, fenders, and even integrated lights. We found it worthy of carrying you around for adventures in our original hands-on review from back when it launched.
Best Buy is also offering one of the best deals we’ve seen all holiday season today on an e-bike, with the Aventon Pace 500.2. It would normally set you back $1,700, but it is now seeing a whopping $1,100 price cut down to$599.99 shipped. This is the best price we have ever seen and is an extra $400 under previous discounts. It may be on the previous generation version now that the Pace 500.3 exists, but anyone who doesn’t need the upgrades can save on a compelling electric ride. We previously walked away with quite the fond impression in previous hands-on reviews of the Pace lineup.
Save on Greenworks’ 40V electric mower, blower, and trimmer combo
Amazon is offering the Greenworks 40V 20-inch Cordless Electric Lawn Mower, Leaf Blower, and 13-inch String Trimmer Combo Kit for $539.99 shipped after clipping the on-page $140 off coupon. Down from a $680 price tag, this is the first chance to save on this package, coming in as a 21% discount off the going rate. This is likely the only place to find this particular combo, as Greenworks’ website doesn’t list any of these tools together, nor do they include the extra spools of cutting line or the same battery/charger combinations.
The lawn mower comes equipped with a 40V brushless motor alongside 5.0Ah and 2.0Ah batteries that offer up to 60 minutes of continuous runtime on a single charge and are able to recharge fully in up to two hours. It features a seven-position height adjustment for whatever environment may need a trim and starts up with the simple push of a button. The leaf blower sports a variable speed trigger with cruise control, has a vacuum bag attachment, and is able to produce 340 CFM of airflow reaching up to 185 MPH. The string trimmer offers a 13-inch cutting path for up to 30 minutes of continuous runtime and features a pivoting head that sports 2-in-1 functionality for trimming and edging. Included are three replacement spools of cutting line as well as two 2A chargers.
ALLPOWERS R600 portable power station is $289
Amazon is offering the ALLPOWERS R600 Portable Power Station with a 100W solar panel for $289 shipped after clipping the on-page $50 off coupon. Down from its usual $339, it has seen only a handful of discounts over the year, with the lowest among them dropping costs to $329 during Black Friday sales. Today’s deal comes in to beat out its previous markdowns for 15% off the going rate, marking a new all-time low. Buying these two devices separately would cost $368, meaning this bundle saves you $79. The R600 offers a personal 299Wh capacity with a 600W output and is able to power up to eight essential devices simultaneously with a stable 110V. It fully charges within one hour via a wall outlet or can be charged with up to 400W of solar input or by means of your car’s cigarette lighter, which takes several hours longer. You’ll get eight output options for your devices: two AC ports, two USB-A ports, two USB-C ports, one car port, and one wireless charger.
Fall e-bike discounts
Other new Green Deals landing this week
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine.
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Environment
Elon Musk Tapped to Lead New ‘DOGE’ Department—Despite the Government Already Having One for Efficiency
Tesla CEO Elon Musk is to officially join Trump’s administration as the co-head of the new US Department of Government Efficiency – a second federal department with the goal of making government spending more efficient.
You can’t get more ironic than that.
Throughout the elections, Musk, who is already CEO of Tesla, and SpaceX, a well as the defacto head of X, xAI, Neuralink, and the Boring Company, has been floating the idea to add to his workload by joining the Trump’s administration to lead a new department aimed at making the federal government more efficient.
He has been calling it the “Department of Government Efficiency”, which spells out ‘DOGE’, a meme that Musk appears to enjoy.
Well, now Trump appears to want to be going through with this idea.
He announced the new department and Musk as head, along with Vivek Ramaswamy, in a statement today:
I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”). Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the “Save America” Movement. “This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” stated Mr. Musk.
What’s most ironic is that there’s already a federal department with the goal of cutting government waste and ensuring efficiency: the Government Accountability Office (GAO).
The GAO’s main objectives are:
- auditing agency operations to determine whether federal funds are being spent efficiently and effectively;
- investigating allegations of illegal and improper activities;
- reporting on how well government programs and policies are meeting their objectives;
- performing policy analyses and outlining options for congressional consideration;
- issuing legal decisions and opinions;
- advising Congress and the heads of executive agencies about ways to make government more efficient and effective
It sounds similar to what Musk described when talking about his DOGE, but Trump hasn’t gone into many details other than it will “cut waste.”
He also has a confusing message as he compares the initiative, which is supposed to cut government spending, to “The Manhattan project”, a massive and expensive government project.
Trump said that DOGE will help the government “drive large scale structural reform”:
It will become, potentially, “The Manhattan Project” of our time. Republican politicians have dreamed about the objectives of “DOGE” for a very long time. To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.
The statement also noted that DOGE will only operate until July 4, 2026.
Musk has previously claimed that he could cut at least $2 trillion dollars of the $6.5 trillion dollar US federal budget.
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A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024.
Anthony Prieto | Bloomberg | Getty Images
Oil prices may see a drastic fall in the event that oil alliance OPEC+ unwinds its existing output cuts, said market watchers who are predicting a bearish year ahead for crude.
“There is more fear about 2025’s oil prices than there has been since years — any year I can remember, since the Arab Spring,” said Tom Kloza, global head of energy analysis at OPIS, an oil price reporting agency.
“You could get down to $30 or $40 a barrel if OPEC unwound and didn’t have any kind of real agreement to rein in production. They’ve seen their market share really dwindle through the years,” Kloza added.
A decline to $40 a barrel would mean around a 40% erasure of current crude prices. Global benchmark Brent is currently trading at $72 a barrel, while U.S. West Texas Intermediate futures are around $68 per barrel.
Oil prices year-to-date
Given that oil demand growth next year probably won’t be much more than 1 million barrels a day, a full unwinding of OPEC+ supply cuts in 2025 would “undoubtedly see a very steep slide in crude prices, possibly toward $40 a barrel,” Henning Gloystein, head of energy, climate and resources at Eurasia Group, told CNBC.
Similarly, MST Marquee’s senior energy analyst Saul Kavonic posited that should OPEC+ unwind cuts without regard to demand, it would “effectively amount to a price war over market share that could send oil to lows not seen since Covid.”
However, the alliance is more likely to opt for a gradual unwinding early next year, compared to a full scale and immediate one, the analysts said.
Should the producers group proceed with their production plan, the market surplus could nearly double.
Martoccia Francesco
Energy strategist at Citi
The oil cartel has been exercising discipline in maintaining its voluntary output cuts, to the point of extending them.
In September, OPEC+ postponed plans to begin gradually rolling back on the 2.2 million barrels per day of voluntary cuts by two months in an effort to stem the slide of oil prices. The 2.2 million bpd cut, which was implemented over the second and third quarters, had been due to expire at the end of September.
At the start of this month, the oil cartel again decided to delay the planned oil output increase by another month to the end of December.
Oil prices have been weighed by a sluggish post-Covid recovery in demand from China, the world’s second-largest economy and leading crude oil importer. In its monthly report released Tuesday, OPEC lowered its 2025 global oil demand growth forecast from 1.6 million barrels per day to 1.5 million barrels per day.
The pressured prices were also conflagrated by a perceivably oversupplied market, especially as key oil producers outside the OPEC alliance like the U.S., Canada, Guyana and Brazil are also planning to add supply, Gloystein highlighted.
Bearish year ahead for oil
The market consensus is that there’ll be a “substantial” oil stock build next year, said Citibank energy strategist Martoccia Francesco.
“Should the producers group proceed with their production plan, the market surplus could nearly double… reaching as much as 1.6 million barrels per day,” said Francesco.
Even if OPEC+ doesn’t unwind the cuts, the future ofl prices is still looking break. Citi analysts expect Brent price to average $60 per barrel next year.
Further fueling the bearish outlook is the incoming administration of U.S. President-elect Donald Trump, whose return is associated by some with a potential trade war, said analysts who spoke to CNBC.
“If we do get a trade war — and a lot of economists think that a trade war is possible, and particularly against China — we could see much, much lower prices,” said OPIS’ Kloza.
Trump has also touted a “drill baby drill” policy for U.S. producers, vowing to cut energy prices in half.
For that to happen to retail gasoline prices, oil would need to drop to “below $40” per barrel, said Matt Smith, Kpler’s lead oil analyst.
Right now, retail gasoline prices are at a “sweet spot” at $3 per gallon, where consumers do not feel the pinch and input prices are still sufficiently high for producers, Smith added.
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