We finally got our first look at the new all-electric Porsche Macan EV this week. Porsche’s electric Macan features a 100 kWh battery pack that will reportedly be supplied by China’s CATL.
Ten years after debuting the SUV, Porsche revealed the all-electric Macan Thursday. The electric Macan is Porsche’s second EV, after the Taycan and the first fully electric SUV to wear the iconic badge.
The Macan EV is also the first existing Porsche model to receive an electric upgrade. With 87,355 Macan models handed over last year, the SUV plays a critical role in Porsche’s lineup.
It was right behind the Cayenne (also due for an EV upgrade) with 87,553 deliveries and Porsche’s second-best seller. In comparison, Porsche delivered 40,629 Taycan electric cars in 2023.
The electric Macan is expected to play a big role in Porsche’s transition to electric. Porsche’s new electric SUV is available in two variants: the Macan 4 and Macan Turbo.
Powered by a 100 kWh lithium-ion battery, the base Porsche Macan 4 features up to 381 mi (613 km) WLTP range.
Despite sacrificing some range (361 miles/ 591 km WLTP), the Turbo version packs 630 hp and 833 lb-ft for a 0 to 62 mph sprint (0 – 100 km/h) in 3.3 seconds.
Porsche’s electric Macan will use CATL batteries
Now, we are learning where Porsche is getting the batteries. According to a new report from Mobile China, Porsche’s new electric Macan will use batteries from leading Chinese battery supplier CATL.
With Volkswagen using CATL’s batteries for its ID series, it makes sense that Porsche is taking a similar route.
CATL also supplies Tesla, Ford, Hyundai, Toyota, Volvo, BMW, and others. The battery giant dominates the industry with a 37.4% share of the market through November 2023.
CATL revealed several new battery innovations recently. In August, CATL unveiled its new Shenxing superfast charging battery. CATL claims it can add 248 miles (400 km) with ten minute-quick charge. It also revealed its Qilin Battery, launched in 2022, with 13% more power.
With DC fast charging of up to 270 kW, the Macan EV can charge from 10% to 80% in about 21 minutes. At 400V stations, a high-voltage switch splits the battery into two for efficient charging.
The Porsche Macan 4 EV will start at $78,800, while the Turbo version has an MSRP of $105,300. Deliveries are expected to begin in the second half of the year.
Now, we get Tesla’s registration numbers for April, and the automaker delivered only 203 vehicles despite having plenty of old Model Ys in inventory and deliveries of the new Model Y AWD.
So far in 2025, Tesla has delivered an average of 533 vehicles per month, down 71% from last year.
This amounts to a demand collapse for Tesla in the country despite the new Model Y AWD being available for the last two months and deliveries available within days.
Tesla is still stuck with a decent amount of inventory of the old Model Y in Sweden despite having stopped production over 2 months ago.
The only hope for Tesla right now is the start of deliveries of the new Model Y RWD next month. As you can imagine, RWD vehicles are not super popular in the Swedish market. AWD vehicles account for the majority of sales.
Electrek’s Take
71% drop in average monthly deliveries in 2025 versus 2024. This is scary stuff and completely unsustainable. Unfortunately, I would even anticipate layoffs for Tesla advisors and delivery staff in the country.
With sales down to just a few hundred monthly units, it can’t justify the same sales staff as last year.
Tesla is being squeezed out of Europe at a pace few people saw coming.
The automaker has introduced lower interest rates to help with demand, but it’s certainly not enough.
Sales should be bad but not disastrous by the end of Q2, due to Model Y RWD helping a bit. The real test will be Q3, when everything should be back to normal in terms of the availability of Tesla’s lineup and there’s no backlog of demand for people waiting for their specific trim.
If Q3 turns out as bad as the first half of 2025, Tesla is basically done in Europe. it will be a small niche automaker rather than the growing market leader it was just 2 years ago.
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GM’s top-selling electric SUV is now on sale. Starting at just $289 per month, the 2025 Chevy Equinox EV is now even cheaper to lease than the gas-powered SUV.
The 2025 Chevy Equinox EV is cheaper to lease in May
GM is offering more savings on “America’s most affordable 315+ mile range EV” this month. With monthly lease prices starting as low as $289 per month, the 2025 Chevy Equinox EV is hard to pass up this May
It’s even cheaper than the gas-powered Equinox right now, which starts at $299 per month. The offer is a 24-month lease on the 2025 Chevy Equinox EV 2WD LT model, with $3,399 due at signing.
Despite being an entry-level model, the Equinox EV FWD LT offers a range of up to 319 miles and over 15 standard driver assistance and safety features.
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The interior features a 17.7″ center infotainment screen, which GM claims is the largest in its class, and an 11″ driver display. It also has plenty of cargo space with up to 57.2 cubic feet.
With over 10,300 models sold, the electric Chevy Equinox was GM’s best-selling EV in the first quarter. Alongside the electric Blazer and Silverado, the Equinox EV has helped propel Chevy to become the fastest-growing electric vehicle brand in the US.
GM is offering the Equinox EV deal for those who take delivery by June 2, 2025. It’s based on the 2025 Chevy Equinox EV FWD LT trim with an MSRP of $34,995.
2025 Chevy Equinox EV LT (Source: GM)
Monthly payments total $6,936, and you will have the option to purchase once the lease is up. GM said the amount would be determined at the lease signing.
Other deals for the 2025 Chevy Equinox include 1.4% APR for 36 months and a $7,500 federal EV tax credit. If you opt for the 2024 model year, GM offers 0% APR for 60 months.
Rivian is ringing in spring with an enticing new lease offer for Gen 2 R1 EVs. Through May, customers can lease any Rivian R1 dual-motor EV with a Max battery and performance upgrade for $0 down.
Rivian continues to be a shining star in American EV innovation. Riding the success of its flagship R1 models, the company continues to bolster its manufacturing prowess en route to additional models, including the R2, R3, and R3X.
Now in their second generation, the R1S and R1T have become best sellers, helping fund the company’s progress in building out its R2 assembly lines in Normal, Illinois—a vehicle that has already garnered hundreds of thousands of reservations.
While we await those new Rivian models, we can’t sleep on the current flagships. I lease a Gen 2 R1S and love it. For those interested in leasing an R1 of their own, there is no better time to do so. Today, Rivian announced a new “Nothing But Adventure” lease offer running this entire month, where you can save big bucks on your monthly payment with $0 down.
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The Gen 2 R1S / Source: Rivian
Rivian introduces “Nothing But Adventure” lease offer
The American automaker shared details of its latest demand lever today, which applies to any R1 EV with a dual motor configuration, a Max battery pack, and a performance upgrade package. Now through May 31, 2025, Rivian will cover your lease down payment with a $6,500 offer.
Additionally, customers can take advantage of the usual $7,500 EV credit, which is underwritten into each lease for being a BEV manufactured in the US. That mean’s its an additional point of sale bonus without having to wait for a tax credit at the end of the year. score!
So in total, Rivian’s May lease offer can total $14,000 off a new R1 model. That’s huge.
As expected, there is some fine print to be aware of. For example, Rivian leases are not available in all states. The $6,500 lease offer may be combined with the $7,500 EV Lease Credit, but “may not be combined with other public offers unless permitted by Rivian.”
Lease customers must take delivery of their Rivian Dual Max R1S or R1T with a performance upgrade by May 31, 2025, to qualify for the offer. The amount due at signing includes a $500 deposit, first month payment, $895 acquisition fee, and $0 security deposit.