Fiat just unveiled a new set of Panda-inspired concept cars at the Geneva Motor Show, including a new city car and a pickup truck. As Fiat has just launched its 500e in the US, some EV versions of these vehicles could be on their way stateside.
The first new model will be revealed in July, with the company planning to launch a new vehicle every year until 2027. Of course, being Stellantis, they don’t seem to be going “all in” on EVs like they have been saying, but are offering these models using a “unique multi-energy platform” to “ensure maximum relevance to customers wherever they live in the world” – meaning they may be built as electric, hybrid, or ICE, depending on what works best for the market.
The first of the new concepts is a city car (shown above) that is a bit larger than the Panda and available in both ICE and BEV versions – an idea that has been brewing for a while. The new Panda BEV version will be produced at a plant in Kragujevac, Serbia, where Stellantis made a €190 million ($200 million) deal to get its EV production up and running. Also, it will be based on Stellantis’s Smart Car architecture, used in the Citroen e-C3.
Fiat concept pickup/Source: Stellantis
Fiat concept pickup/Source: Stellantis
Fiat concept pickup/Source: Stellantis
Fiat concept pickup/Source: Stellantis
Fiat concept pickup/Source: Stellantis
Fiat concept pickup/Source: Stellantis
Fiat concept camper/Source: Stellantis
Fiat concept camper/Source: Stellantis
Fiat concept camper/Source: Stellantis
Fiat concept camper/Source: Stellantis
Fiat concept camper/Source: Stellantis
Fiat concept camper/Source: Stellantis
Fiat concept SUV/Source: Stellantis
Fiat concept SUV/Source: Stellantis
Fiat concept SUV/Source: Stellantis
Fiat concept fastback/Source: Stellantis
Fiat concept fastback/Source: Stellantis
Fiat concept fastback/Source: Stellantis
Fiat concept fastback/Source: Stellantis
Fiat concept fastback/Source: Stellantis
Fiat concept fastback/Source: Stellantis
Fiat concept SUV/Source: Stellantis
Fiat concept SUV/Source: Stellantis
Fiat concept SUV/Source: Stellantis
The concept version is inspired by Fiat’s Lingotta building in Turin, which features the oval-shaped “La Pista 500” test track on its roof. So the compact car features plenty of oval shapes throughout its design, including inside its cabin with an oval-shaped dashboard, displays, and headrests. Inside, you’ll also see plenty of renewable materials including recycled plastics and bamboo fabrics.
While exact dimensions (and price) aren’t available, the New Panda will likely be about the same size as the New e-C3, which is 4,010 mm in length, 1,760 mm in width, and 1,570 mm in height. That will be bump up from the current Panda, with is 300 mm shorter and more than 100 mm narrower.
Another concept is a pickup truck, with Fiat hoping to replicate its success in Brazil with the Strada worldwide. The design has that boxy, retro look of the old-school Panda and aims to combine “fun and functionality” of the old Panda with a new design.
A large fastback that looks similar to the pickup concept is also on display, and is labeled as an heir to the Fiat Fastback and Fiat Tipo. A large family SUV, dubbed a sort of “Giga-Panda,” also gets a concept, as well as a camper van, which also pays homage to the Panda from the 1980s, “recalling the versatility of a car that was made from the city with the features of an SUV and the soul of a trusty companion.” That’s some press-speak for you.
Already available in Europe, the 2024 Fiat 500e EV, available here, is now on sale in the US in the initial RED trim in the first quarter of this year. It starts at a reasonable $32,500 plus a $1,595 destination fee, although it’s not eligible for the $7,500 federal tax credit. The 2024 version is made in the Mirafiori factory in Turin, Italy, compared to the 2019 built in Mexico.
The new 500e keeps the cute, retro style of the previous generation but refreshes and modernized the exterior and interior. The two-door hatchback comes powered by a 118-hp electric motor for a 149-mile range – not amazing but good enough for most trips and daily use. The battery comes with DC charging at up to 85 kW, which adds enough juice for 31 extra miles of range in just five minutes, according to Fiat. Weight-wise, Fiat calls its EV the “lightest passenger BEV in the market” at just over 3,000 pounds (1,361 kg).
All photos courtesy of Fiat/Stellantis
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California will go to court to protect its clean air in the face of illegal attacks by republicans in Congress, said California Governor Gavin Newsom today.
Earlier today, the US Senate voted to revoke California’s waiver to set its own clean air rules using the Congressional Review Act (CRA). The House previously voted on a similar measure earlier this month.
For more than half a century, California has asked for and been granted this waiver that allows it to set its own emissions rules. Other states can follow California’s rules (and around 11 states do so, though that amount differs for each rule), as long as they do so exactly, and as long as those rules are stronger than the national ones.
It has this unique authority because California had its own Clean Air Act before the federal Clean Air Act was passed, and because the state had a unique problem with smog at the time and needed stricter rules than the rest of the country. So a carveout was made in the federal law in recognition of this, and California has been granted this waiver over 100 times after following proper rulemaking processes, and denied zero times.
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California’s clean air laws have been effective in reducing pollution, with vehicle-based pollutants dropping by 98% in the last 50 years. But of course, there’s still more to be done, as the LA area remains one of the smoggiest in the country due to factors including geography, high car dependency, heavy shipping traffic, and a lack of public transitt.
Despite the protestations of industry at the time and since, these rules have not made it impossible for them to operate, or sell cars, or profit from selling cars, in California or any other states that follow its rules.
California’s newest set of rules is set to save Californians, and the residents of other states who follow them, hundreds of billions of dollars on health, fuel, and maintenance costs through 2050 by encouraging electrification – and of course will save thousands of lives due to pollution reductions.
Republicans targeted not just California’s regulation on light duty vehicles (ACC II), but also some other truck emissions rules (the ACT and HD low-NOx Omnibus rules), with their CRA action today.
The problem is, Congress does not have the power to revoke this waiver, because that’s not how the CRA works.
The CRA is an until-recently rarely-used Act which allows Congress to disapprove of recent rules set by a federal government agency, and bar that agency from implementing similar rules.
It’s also outside the 60 day window allowed for review by the CRA. Stack another violation of law on top of the first one.
So, today’s action by Congress is illegal, and California is now going to court to stop it.
California announces lawsuit to protect clean air
Hot on the heels of republicans declaring their desire to raise health and fuel costs for Americans, and their opposition to clean air, California Governor Gavin Newsom came out with a response, committing to taking the issue to court, as California has done (and won) in the face of previous republican attacks on clean air.
Gov. Newsom declared his opposition to the republican plan to “Make America Smoggy Again” today, saying:
“This Senate vote is illegal. Republicans went around their own parliamentarian to defy decades of precedent. We won’t stand by as Trump Republicans make America smoggy again — undoing work that goes back to the days of Richard Nixon and Ronald Reagan — all while ceding our economic future to China. We’re going to fight this unconstitutional attack on California in court.”
-California Governor Gavin Newsom
California Attorney General Rob Bonta also spoke at the press conference, saying:
“With these votes, Senate Republicans are bending the knee to President Trump once again. The weaponization of the Congressional Review Act to attack California’s waivers is just another part of the continuous, partisan campaign against California’s efforts to protect the public and the planet from harmful pollution. As we have said before, this reckless misuse of the Congressional Review Act is unlawful, and California will not stand idly by. We need to hold the line on strong emissions standards and keep the waivers in place, and we will sue to defend California’s waivers.”
In its press release, the California Governor’s Office pointed to the decades of precedent upholding California’s waiver, which is protected by the Clean Air Act. It also pointed out that the California Air Resources Board was established under Governor Ronald Reagan, and waivers were first granted by President Richard Nixon.
Both of these individuals are republicans, though from a time before the party had fallen quite so far down the rabbit hole of openly wishing harm on Americans.
California goes on to talk about how Congress’ actions make driving less affordable by raising fuel and health costs, hand over the keys to the auto industry to China by slowing down the US auto industry’s transition to EVs, and harm the climate leadership of California, the most productive state and the 4th largest economy in the world, which has grown by 78% since the year 2000 while cutting greenhouse gas emissions by 20% since then.
California did not yet file the lawsuit, merely stated its intent to do so today. But courts have ruled in favor of California many times in the past in cases related to its authority to protect its own air, most recently doing so in December.
Clean air groups also offered their support for California’s lawsuit. The Environmental Defense Fund said:
“We stand with California’s leaders in protecting the health and safety of millions of people from harmful vehicle pollution. The state’s clean air standards for new cars and trucks protect children’s lungs and the communities where they grow up from smog and soot. They help farmers, builders, and others who work outdoors breathe easier. They reduce the climate pollution that fuels deadly wildfires, droughts, and other disasters. They save hard-earned money at the pump — and they save thousands and thousands of lives”
-Vickie Patton, General Counsel, Environmental Defense Fund
On another note, republicans took action to cut the rooftop solar credit today. That means you could have only until the end of this year to install rooftop solar on your home, before republicans raise the cost of doing so by an average of ~$10,000. So if you want to go solar, get started now, because these things take time and the system needs to be active before you file for the credit.
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Here we compare the specs of the new Tesla Model Y (Chinese version) to the newly unveiled Xiaomi YU7, a vehicle dubbed the ‘Tesla killer’.
For years, we laughed at people using the term ‘Tesla killer’ for new electric vehicles. To this day, even as Tesla’s sales are declining, it’s a bit dumb to use the term since no single EV is going to “kill” Tesla.
However, there’s one that is as close to do it as we have seen so far.
At the time, we reported that the bigger concern for Tesla was that the Chinese electronics giant was now planning to launch a new EV, the YU7, aimed at competing against Tesla’s popular Model Y.
The only thing that is missing about the YU7 as of the time of writing is the price, but it is expected to be very similar to Model Y and even likely to undercut by a bit.
These specs show that the vehicles are extremely similar. The main difference is that Xiaomi packs a lot more batteries into the YU7 than Tesla puts into the Model Y, resulting in a significant difference in range.
To be fair to Tesla, it still dominates in efficiency as it does more with fewer batteries, which is an important skill to have. However, most customers don’t care about that and want a longer range. They don’t care how you make it happen.
Based on the online reception, the Model Y is viewed as having a more tired design that is not as luxurious as the YU7.
That’s particularly true of the exteriors.
It’s a similar situation in the interior, but Xiaomi also outshines Tesla here with more technology, like display along the dash:
Both vehicles feature a large center display where most of the controls are located.
Electrek’s Take
I think Tesla is in trouble in China. The competition is impressive and there are vehicles that clearly directly target Model Y, Tesla’s bread and butter, and there’s no better example than this one.
The only thing missing is pricing, but if it’s priced as expected, which is like the SU7 to the Model 3, it will make it a no-brainer for most buyers.
Also, Xiaomi often gets mentioned as a ‘Tesla killer’ because the vehicles are not only ultra competitive with Tesla, but it is also producing them in high volumes.
SU7 outsold the Model 3 within a year of launching. The YU7 is coming to market within the next 2 months, and it should reach impressive volumes that are going to put pressure on Tesla’s Model Y sales by the end of the year.
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Nick Pinto is a marketing director at his family’s law firm in New Jersey. He’s also a crypto trader who spent enough money on Donald Trump’s meme coin to win a spot at a private black-tie dinner with the president scheduled for Thursday night.
“I was kind of early in bitcoin and ethereum, so I’ve always been trading crypto,” said the 25-year-old Pinto, who claims he finished number 72 on the leaderboard for the token contest. “Once I saw the announcement that Trump was releasing a coin, I immediately started to purchase it.”
Pinto said in an interview that he spent half a million dollars on the $TRUMP meme token in order to attend the dinner, which is being held at President Trump’s private golf club in Potomac Falls, Virginia, near Washington, D.C. Pinto shared screenshots with CNBC that appear to back up his claim.
The $TRUMP coin, which has no attached asset or underlying value, was launched just ahead of the president’s inauguration in January and has drawn heavy scrutiny from Democratic lawmakers who say President Trump is profiting from his position of power.
The dinner was announced last month and promised to reward the top 220 token owners with “the most exclusive invitation in the world.” The top 25 finishers were also told they would get a private reception with the president, as well as a “special VIP tour.”
Democratic senators called the competition a blatant example of “‘pay to play’ corruption” — the coin jumped 50% after the dinner announcement. Earlier this week, the Senate advanced a Trump-backed crypto regulation bill called the GENIUS Act after getting enough Democratic support to clear a potential filibuster.
Guests for Thursday night’s dinner were required to complete a background check, according to a copy of the invitation viewed by CNBC. Attendees were instructed not to arrive before 5:30 p.m., with the dinner starting at 7 p.m. and expected to last three hours.
Pinto doesn’t know what his investment in $TRUMP will get him other than the dinner. He said he thinks the tokens will be usable in a digital Trump golf game that was announced in December and is expected to launch next month, according to a press release.
“There’s a few things that I want to ask him,” Pinto said. “I definitely want to find out if he’s going to want to use this coin in the game. That’s probably my top question, because not many people know about that game.”
The Trump coin team didn’t immediately respond to a request for comment.
Because crypto wallets are pseudonymous, most participants in the competition appeared only as three- to four-letter usernames linked to cryptographic wallet addresses. Many of the winners are tied to international exchanges, according to blockchain analytics firm Inca Digital, raising concern that non-Americans may be paying for the opportunity to try and influence the U.S. president.
While Pinto is going public about his participation, most of the identities tied to top wallets are unknown. Blockchain data shows that a majority of the top entrants used offshore exchanges barred to U.S. residents. An analysis by Bloomberg revealed that 19 of the top 25 wallets, and more than half of the top 220, are almost certainly owned by individuals operating outside the U.S.
The competition drew an estimated $148 million in purchases from supporters around the world, a massive fundraising haul for a digital asset launched just months ago. Among those attending is Justin Sun, the Chinese-born founder of the TRON blockchain, who confirmed this week that he is the contest’s top-ranked investor.
At current prices, Sun’s stake in $TRUMP is now worth more than $20 million. Sun was also one of the first major backers of World Liberty Financial, the Trump family’s crypto venture, buying at least $75 million of its native token “WLFI.”
In 2023, U.S. regulators accused Sun of illegally selling unregistered securities and artificially inflating token prices. A month into Trump’s second White House term, a federal court filing showed the SEC was in settlement talks with Sun to resolve the civil fraud charges.
Final leaderboard
MemeCore, a Singapore-based crypto network that was vocal in its quest to secure a spot at the Trump dinner, landed in second place with an investment of around $19.7 million, according to a post on X that the company later deleted. MemeCore didn’t immediately respond to a request for comment.
Some buyers didn’t make the cut.
Freight Technologies, a Houston-based logistics company, said it spent $2 million on $TRUMP tokens as part of what it called a strategic push to “champion fair and free trade” across the U.S.-Mexico border. The company still finished in 250th place. Freight trades on the Nasdaq as a penny stock and has a market cap of about $6.5 million.
The final leaderboard was calculated using a time-weighted formula that factored in both the size and duration of each participant’s holdings. That means early buyers who held onto their tokens consistently, like Pinto, could outrank bigger last-minute spenders.
Investors in $TRUMP, like with other meme coins, have to be prepared for big ups and downs.
Immediately after its launch in January, the Trump coin spiked to a $15 billion market cap before crashing within days. It’s currently worth about $2.1 billion.
That volatility has created stark winners and losers. Blockchain data shows that more than $5.2 billion in profits flowed to the top wallets, while over 590,000 wallets — mostly small retail traders — collectively lost nearly $4 billion.
Since January, more than $324 million in trading fees have been routed to wallets tied to the project’s creators, according to Chainalysis. The token’s code automatically directs a cut of each transaction to these addresses, allowing the team to profit from ongoing activity. The blockchain analytics firm stopped tracking the president’s meme token about two weeks ago, citing a need to refocus resources on paying clients.
The Trump family has reaped enormous financial benefit. Roughly 75% of proceeds from World Liberty Financial and more than 80% of profits from the meme coin have gone directly to the Trump Organization and affiliated entities. The project has also generated hundreds of millions of dollars in trading fees.
Senator Chris Murphy, D-Conn., has introduced legislation that would ban sitting presidents from profiting off meme coins while in office.
In a press conference hours before the dinner, Murphy warned that “just because the corruption is playing out in public where everybody can see, it doesn’t mean that it isn’t rampant, rapacious corruption.” He called tonight’s event “maybe the most corrupt, of all of the corruption.”
Sen. Elizabeth Warren, D-Mass., went further, describing the gathering as “an orgy of corruption” and accusing Trump of using the presidency “to make himself richer through crypto.” She called for changes to the GENIUS Act that would bar any president from profiting off stablecoin ventures.
With Republicans in control of both chambers of Congress, Democrats have limited ability to force action.
In response to CNBC’s questions about the dinner, Deputy White House Press Secretary Anna Kelly said, “The president is working to secure good deals for the American people, not for himself,” adding that he “only acts in the best interests of the American public.”
Pinto, who paid $500,000 for his invitation and still holds most of his tokens, said the risk is worth it.
“I didn’t put in more than I’m willing to lose,” he said. “I’m fine if it goes to zero.”