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French automaker Renault just canceled its planned IPO for its EV spinoff Ampere. While the IPO was scheduled for the first part of this year with an expected valuation of up to €10 billion ($10.47 billion), Renault says that market conditions aren’t optimal to make the move.

The close of trading today in Europe brought a new announcement from CEO Luca de Meo, who added that the cancellation of the IPO wouldn’t affect the company’s EV and software strategy. 

Renault plans to continue to put money into Ampere until it reaches break-even in 2025. Ampere encompasses all of Renault’s EV businesses, with an EV factory in northern France and about 11,000 employees. 

Renault set out financial targets for the unit in November, including more than €10 billion of revenue by 2025, and breaking even in 2025. It targets revenues of €25 billion in 2031, and an operating margin of at least 10% starting in 2030.

The new Twingo

Ampere broke off from parent company Renaut in early November, with expected revenues of about €2.8 billion this year. The company has a target of reaching 300,000 EV sales in 2025, up from 45,000 in 2023.

Still, Ampere will offer a total of seven models by 2031: the electric Mégane E-Tech, Scenic, R5 and R4, and the new low-cost Twingo, which should cost less than than 20,000 euros ($22,000). The company is looking for a partner for Twingo in the coming months, with VW in the running.

Ampere will also build EVs for Renault, Alpine, Dacia and Nissan.

Alpine EV
The Renault 5 Alpine “hot hatch” EV

Electrek’s Take

Well, this certainly isn’t good news for the brand, that had high hopes for its EV startup. The motivation behind the split was to (no surprise) add value to Renault’s electric business, and particularly to attract Telsa-like valuations while phasing out ICE sales in the coming years. Renault plans to go purely electric by 2030 – and with the French government holding a 15% stake in the company, keeping its high-profile EV business in the country is essential, with the t­andem goal of relocating the combustion division outside of France.

EV sales have tapered off in Europe and the US, leaving investors worried about the money flowing. And EVs spinoffs and startups like Ampere and Geely’s Polestar have had some mixed success in trying to compete with Tesla in public markets. Last week, Polestar announced it was cutting 450 jobs while looking for funding. Of course, Tesla’s own price slashing is cutting into its profitability, so it’s not smooth sailing for them either. Renault’s Ampere has some solid models lined up that we’re hoping to take for a spin, so hopefully the company can hang in there and ride out this economic wave.

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Ford cracks Corvette ZR1 ‘Ring record – with an electric van*

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Ford cracks Corvette ZR1 'Ring record – with an electric van*

Just days after Chevrolet beat the mighty Ford Mustang GTD’s Nürburgring track record with their Corvette ZR1 and ZR1X, Ford went back to the ‘Ring to reclaim some glory. They didn’t bring a Mustang along, though – they showed up with an electric van, and record-setting hot shoe Romain Dumas behind the wheel.

* it’s not your typical van. It’s a SuperVan.

Ford took back a fair bit of Chevy’s headline-grabbing glory this week when LeMans-winning driver Romain Dumas lapped the 12.9 mile Green Hell in just 6 minutes and 48.393 seconds – a blazing performance that makes the 2000 hp Ford SuperVan 4.2 the ninth fastest car to ever blast around the storied German racetrack.

Dumas is no stranger to the Nürburgring’s Nordschleife. He was first overall at the 2007 24 hour race there. He also holds the outright Nürburgring track record for EVs, which he set back in 2019 behind the wheel of the Volkswagen ID.R, completing the circuit in 6 minutes and 05.336 driving the Volkswagen ID.R.

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The new ‘Ring-record comes just a few weeks after Ford beat out every other supercar at the Goodwood Festival of Speed in the UK with its all-electric SuperTruck, crushing the “competition” with their 1,400 hp prototype EV silhouette racer.

No word yet on what track record Ford plans to snatch with an EV next.

Electrek’s Take


Romain Dumas in-car video; via Ford.

If there were still Ford guys and Chevy guys, I like to think I’d be a Mopar guy – but even from the sidelines, I can tell that Chevy’s been having a rough couple of weeks, performance-wise. Not only did their top-shelf ZR1X get beaten by a Ford van (even if it is a SuperVan), but their clean sheet, future-thinking, pie-in-the-sky concept Corvette got beat to the hypercar headlines by a Chinese rival with 1,000 extra hp.

Take my advice, GM: it’s time to drag Warren Mosler back home from the Virgin Islands, figure out where Rod Trenne’s hiding, and get them to build you a proper, 900 kg electric ‘Vette. Y’all let me know if you need help setting that up.

SOURCE | IMAGES: Ford.


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PA Turnpike to add 80 new Applegreen DC fast chargers by 2027

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PA Turnpike to add 80 new Applegreen DC fast chargers by 2027

EV drivers who use the Pennsylvania Turnpike just got a jolt of good news: Two Applegreen DC fast charging stations have come online, adding to the growing network of over 60 EV chargers along the 360-mile toll road that links Pittsburgh, Harrisburg, and Philadelphia.

The new 400 kW Applegreen Electric charging stations are at the PA Turnpike’s North Somerset (MP 112.3 westbound) and South Somerset (MP 112.3 eastbound) Service Plazas. Each site includes two DC fast chargers for a total of four charging ports, with two NACS and two CCS plugs at each service plaza. The PA Turnpike says the sites are equipped to be expanded.

The Pennsylvania Turnpike plugged in its first EV charger in April 2014. A decade later, more than 60 charging stations are online at eight of its service plazas, giving EV drivers a reliable boost across the state. And thanks to a new partnership with Applegreen Electric, 80 new universal EV chargers are on the way. By 2027, all 17 service plazas will feature DC fast chargers.

“We are pleased to offer our EV customers convenient access to the latest, fastest technology – without leaving the PA Turnpike,” said Director of Facilities Operations Keith Jack.

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The EV chargers at North Somerset and South Somerset, along with an EV charger at the Hickory Run Service Plaza scheduled to open this fall, were funded with grants from the Pennsylvania Department of Environmental Protection’s Driving PA Forward program. The chargers at nine service plazas scheduled to open in 2027 are being funded through grants from the Biden administration’s federal National Electric Vehicle Infrastructure (NEVI) program. 

Applegreen Electric chief executive Eugene Moore noted that the PA Turnpike’s fast charger rollout “marks a key step in building a connected corridor with Pennsylvania as a vital part of the seamless network that now spans New Jersey, New York, Connecticut, and Delaware. With more to come soon in Ohio and Massachusetts, we’re accelerating the rollout of reliable, accessible EV infrastructure across the region.” 

Applegreen is deploying fast chargers on the New Jersey Turnpike, with which it now has an exclusive agreement – it’s taking over from Tesla.


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Toyota’s new bZ SUV starts at under $35,000 and it’s bringing some serious upgrades

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Toyota's new bZ SUV starts at under ,000 and it's bringing some serious upgrades

Toyota’s new electric SUV boasts significantly more range, a revamped interior and exterior, and an NACS port, allowing you to recharge at Tesla Superchargers. Despite the upgrades, the 2026 Toyota bZ now starts at under $35,000.

2026 Toyota bZ electric SUV prices and range by trim

The bZ4X, Toyota’s first electric SUV, has been killed off and replaced with the upgraded bZ. Toyota improved it in almost every way possible for the 2026 model year, adding driving range, more features, a fresh new look, and more.

Even with the upgrades, the new and improved Toyota bZ is cheaper than the outgoing bZ4X. Toyota revealed prices for the 2026 bZ electric SUV will start at $34,900, or $2,170 less than the outgoing model.

That’s for the base XLE FWD trim with a 57.7 kWh battery, good for 236 miles range. Upgrading to the extended-range bZ XLE FWD Plus will cost $37,900, but a larger 74.7 kWh battery provides up to 314 miles of driving range, representing a 25% improvement over the 2025 model year.

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Toyota-bZ-SUV-prices
2026 Toyota bZ electric SUV (Source: Toyota)

For AWD, prices start at $39,900. Thanks to new SIC semiconductors, AWD models now pack up to 388 hp, 50% more than the outgoing electric SUV.

The range-topping 2026 Toyota bZ Limited FWD trim starts at $43,300, while upgrading to AWD will cost you an extra $2,000.

2026 Toyota bZ trim Battery Range Starting Price*
XLE FWD 57.7 kWh 236 miles $34,900
XLE FWD Plus 74.7 kWh 314 miles $37,900
XLE AWD 74.7 kWh 288 miles $39,900
Limited FWD 74.7 kWh 299 miles $43,300
Limited AWD 74.7 kWh 278 miles $45,300
2026 Toyota bZ prices and range by trim (*excluding $1,450 DPH fee)

Toyota’s new electric SUV now features a built-in NACS port, allowing you to recharge at Tesla Superchargers. With a new thermal management system and battery preconditioning, the bZ can charge from 10% to 80% in about 30 minutes.

The new electric SUV features a fresh look both inside and out. Like the latest Camry and Crown, the bZ features Toyota’s new “hammerhead front end design” with an LED light bar across the front.

Toyota-bZ-SUV-prices
The interior of the 2026 Toyota bZ (Source: Toyota)

Inside, the 2026 bZ gets a redesigned center console and a larger 14″ Toyota Audio Multimedia touchscreen, two wireless phone chargers, and an improved dashboard.

Toyota said dropping the “4X” at the end of the name was to simplify things for buyers. The 2026 models are expected to begin arriving at dealerships in the second half of 2025, which could be any day now.

With the 2026 model year arriving soon, Toyota is offering clearance prices on the 2025 bZ4X with up to $12,000 off in lease cash. You can use our link to find Toyota bZ4X models in your area (trusted affiliate link).

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