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lectric one e-bike

Headlining today’s green deals is a pre-order discount on the new Lectric ONE e-bike for $1,999, which also comes with $220 in free gear as well. It is joined by ALLPOWERS’ spring sale that is taking up to 45% off a large selection of power stations, bundles, and accessories, as well as the one-day sale on the WORX 20V 5-inch Cordless Pruning Saw at a new $100 low. Plus, all of the other best new Green Deals landing this week.

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.

Letric’s all-new ONE e-bike receives launch discount with $220 in free gear for $1,999

Lectric e-bikes has launched its new ONE e-bike. You can read up on what’s new in our launch coverage, while we cover the savings you’ll receive on this all-new debut. The Lectric ONE e-bike is now available for pre-order for $1,999 shipped as a special launch promotion, down from its $2,219 price tag. Jumping on this deal now will also get you $220 in extra goodies thrown in as an additional deal until shipping begins in May, which is when we expect it to return to its MSRP as well. This is the first official discount on this new model as well as the new all-time low going forward. There are two options available – the standard model and then a model with a longer ranged battery for $200 more. Below the fold we break down just how those savings stack up for your new commuting solution.

The Lectric ONE is a premium commuter model that aims to step into a budget-friendly space, coming equipped with a 750W rear hub-motor (1,310W peak) and a 48V battery that propels the e-bike up to 28 MPH speeds for 50 miles with the standard battery and 75 miles with the long-range battery. It includes a variety of features like the 5 levels of PWR pedal assistance with 96 magnet cadence sensors, as opposed to the usual 12 we see on most e-bikes. It also comes stocked with a 24A potted motor controller that helps it reach its peak output power when needed, a thumb throttle, kickstand, 20-inch city tires, integrated LED headlight and taillight, hidden cable routing, a weather-sealed six-speed gearbox, hydraulic mineral oil disc brakes, and a new color LCD display.

Along with your pre-order purchase, you’ll also receive a free rear cargo rack alongside fenders for both wheels, valued at $220. It currently only comes in a black colorway, so decisions there are easy enough. We’ve loved the company’s previous releases, which have regularly been covered by us here at 9to5Toys and over at Electrek, and we’re expecting to see much of the same takeaway from the new Lectric ONE. Of course, this is only made better by the combined $440 in savings you’ll be getting – but don’t sit on a decision for too long, these deals only last while it remains on pre-order before May.

ALLPOWERS’ spring sale takes up to 45% off power stations, bundles, and accessories

ALLPOWERS has launched a 16-day spring sale that is taking up to 45% off a selection of the company’s power stations, solar bundles, and accessories. A standout amongst the offerings – and the biggest of the discounts – is the S2000 Portable Power Station with a 400W Solar Panel for $1,099 shipped. Down from its usual $1,999, this particular bundle has seen very few discounts in the last year, often only included in the biggest holiday sales or in a different combination of parts. For example, back during Christmas sales the S2000 was paired with four 100W solar panels for $1,299. Today’s deal comes in as a 45% markdown off the going rate and marks a new all-time low.

This power station offers a 1,500Wh capacity and comes with a 400W solar panel, which can be combined with other panels up to a 1,000W max that is able to produce a full charge in up to two hours – or you can reach a full charge within four hours via the AC input. It boasts an impressive 11 output ports to cover all your appliance-powering needs: four AC ports, four USB-A ports, two USB-C ports, and one car port. The included 400W solar panel is constructed with flexible and waterproof IP67 polycrystalline silicon, and folds up for easy storage and portability.

Notable ALLPOWERS power station discounts:

Notable ALLPOWERS bundle discounts:

Notable ALLPOWERS accessory discounts:

WORX 20V 5-inch Cordless Pruning Saw hits $100 low

Best Buy is offering the WORX 20V 5-inch Cordless Pruning Saw for $99.99 shipped through the rest of the day. Normally fetching $160, it spent the first eight months of 2023 mostly riding its MSRP, receiving only one discount down to its $89 low back in April. With fall’s arrival we saw four more minor discounts scattered over the last four months, even missing out on Black Friday and Christmas sales. Today’s deal comes in as a 38% markdown off the going rate, matching our previous mention to return costs to the second-lowest price we have tracked – just $11 above the all-time low.

This 5-inch pruning saw comes equipped with a “high-efficiency motor” and a 2.0Ah lithium-ion battery that is able to fully charge within five hours. Its compact design allows it to fit in tight spaces far better than any standard size chainsaw, making it an ideal tool for any pruning jobs your garden and surrounding foliage may require. It features a 5-inch bar and chain that starts up with a simple squeeze of the trigger, with a whole array of built-in safety accessories to ensure a controlled experience.

Spring e-bike deals!

man power washing sidewalk with WORX pressure washer

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. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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Former coal mine land to host 5.5 GW of solar as Peabody partners with RWE

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3 hours ago

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November 25, 2024

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Former coal mine land to host 5.5 GW of solar as Peabody partners with RWE

RWE Peabody
Photo: RWE

US coal giant Peabody and Germany’s RWE are teaming up to develop 5.5 gigawatts (GW) of solar and energy storage projects on former mining land in the Midwest.

It’s an unlikely but strategic partnership: RWE is one of the world’s leading renewable energy developers, while Peabody was once the largest private-sector coal company in the world.

RWE is buying into R3 Renewables, a joint venture that Peabody launched alongside Summit Partners Credit Advisors and Riverstone Credit Partners. With this move, RWE is acquiring Summit and Riverstone’s stakes and taking a majority position, while Peabody will hold on to a 25% equity interest. The projects are spread across Indiana and Illinois, focusing on large-scale solar and energy storage on land that Peabody previously mined for coal.

The plan is to develop 10 projects totaling 5.5 GW. RWE will take over seven of these projects, while the remaining three will continue under a joint venture with Peabody. If all goes to plan, these projects could generate enough electricity to power more than 850,000 homes.

For Peabody, which has faced growing pressure to pivot as the world transitions away from fossil fuels, the partnership is part of a broader effort to create value from its reclaimed mining sites. Jim Grech, Peabody’s CEO, says the partnership with RWE marks “significant added momentum” for their renewable energy initiatives.

RWE sees this as a big opportunity to expand in the US Midwest. Andrew Flanagan, CEO of RWE Clean Energy, called the partnership “an exciting opportunity to invest in rural regions of Indiana and Illinois,” promising economic development through construction jobs, investment, and community benefits. The plan aims to support the energy transition while ensuring that communities historically tied to coal still see benefits – this time from clean energy.

Read more: Ørsted’s largest solar farm in the world is now online in Texas

If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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Wall Street launches new ways to bet on bitcoin

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4 hours ago

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November 25, 2024

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Wall Street launches new ways to bet on bitcoin

Bitcoin hits fresh record high after Nasdaq lists options on BlackRock's spot bitcoin ETF

For years, bitcoin won by being boring.

Investors weren’t able to do all that much with it besides buy and hold it. But that was precisely why the world’s largest cryptocurrency was valuable.

It was a commodity, like gold — or corn. It didn’t get too fancy on its offerings. In fact, bitcoin’s core team of developers has intentionally moved as slowly as possible on everything that touches the base blockchain specifically to avoid breaking things. That’s why many of crypto’s more cavalier coders headed to other blockchains to tinker and do things like build decentralized applications.

The approach worked. Traders poured their money into bitcoin not just because it was the OG coin but also because the network was robust and reliable, and they knew what they were getting. As solana reported hack after hack, bitcoin didn’t really change. The asset was volatile, but aside from a major system upgrade that took four years to design and green-light, bitcoin kept its status as the world’s biggest cryptocurrency by market cap by sticking to the status quo.

But times are changing for the original coin.

Developers are increasingly building on bitcoin’s base blockchain in unexpected ways. Wall Street is also decking the coin out with all its familiar trappings such as exchange-traded fund wrappers and allowing traders to hedge positions and make leveraged bets.

In January, spot bitcoin ETFs began trading, which opened the door to more mainstream investors. Last week, options on those spot crypto products finally started to go live on the Nasdaq and New York Stock Exchange. CBOE Global Markets is also set to list its first cash-settled bitcoin ETF options Dec. 2.

Creating this new margin framework around bitcoin means that both retail traders and institutions alike will be able to get more exposure to the asset class relative to how much cash they’re investing.

How Wall Street is capitalizing on crypto resurgence as market cap hits record $3.2 trillion

New ways to bet on bitcoin

Collectively, the U.S.-issued spot bitcoin funds hold north of $100 billion in assets under management. Last week, they notched their largest weekly inflows on record, totaling more than $3.1 billion. And according to CoinShares, year-to-date net flows are up to $37 billion versus U.S. Gold ETFs, which drew around $309 million in their first year.

Nearly half of those flows into the spot bitcoin products took place after U.S. interest rates were cut for the first time in four years in September.

Vetle Lunde, head of research at K33 Research, told CNBC there has been record high open interest for futures on the CME derivatives exchange, the way most U.S. institutions currently buy bitcoin futures contracts. But a lot of traders have been waiting for options on spot bitcoin ETFs on major exchanges such as the NYSE and Nasdaq, since it enhances liquidity and offers hedging tools.

Lunde says that demand for leveraged long exposure to bitcoin and ether is climbing, with VolatilityShares’ BTC exposure hitting new all-time highs.

Galaxy Digital’s trading team told CNBC the firm has observed significant volume in BlackRock’s IBIT ETF options, the first to launch on the Nasdaq last week. BlackRock is the largest digital asset manager in the world after it eclipsed Grayscale in August. BlackRock’s bitcoin trust IBIT holds $48.4 billion in bitcoin compared with the $34 billion in its gold trust.

Options on IBIT had a blockbuster debut, with 353,716 contracts traded on its first day, according to Galaxy Digital. The firm noted that the previous most active debut of options trading was when Facebook options went live in 2012 and 360,000 contracts changed hands.

Galaxy sees notable trading activity extending out to January 2027, roughly halfway into Donald Trump’s administration. On the campaign trail, the president-elect had an about-face on bitcoin and went from criticizing digital assets to making big promises to the crypto industry. Bitcoin is up roughly 40% since Election Day, Nov. 5.

“This level of concentrated, long-dated activity reflects investor confidence in the ETF’s long-term growth potential, signaling bullish sentiment for the years ahead,” Galaxy’s trading team told CNBC.

Until now, offshore crypto native platforms such as Binance and Deribit have been the main marketplace for bitcoin derivatives trading. Galaxy told CNBC there is a noticeable volatility premium between Deribit, CME and IBIT, which could present arbitrage opportunities among the varying platforms offering derivatives trading.

On Friday, more than $9 billion in bitcoin options contracts expire on Deribit, which could lead to greater price volatility as the expiration date approaches.

“There’s a ton of leverage in the system right now,” Galaxy Digital CEO Mike Novogratz, a longtime crypto investor, told CNBC’s “Squawk Box” on Friday.

“You look at the funding rates to do crypto in our market, right? The perpetual market, as high as they’ve been, the basis is high,” Novogratz said. “The crypto community is levered to the gills, and so there will be a correction.”

Bitcoin was within striking distance of $100,000 on Friday but retrenched over the weekend. The cryptocurrency is currently trading at around $95,000.

Bitcoin tops $82,000 as crypto euphoria over Trump win shows no sign of waning

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Hyundai doesn’t care if Trump kills the EV tax credit, it plans to keep growing either way

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4 hours ago

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November 25, 2024

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Hyundai doesn't care if Trump kills the EV tax credit, it plans to keep growing either way

Although President-Elect Donald Trump is promising to end the $7,500 EV tax credit, Hyundai is confident it will continue growing in the US. The company just opened a massive new $7.6 billion manufacturing plant in Georgia as it looks to grab a bigger share of the US market.

A Reuters report earlier this month claiming Trump’s transition team is planning to end the $7,500 federal EV tax credit is causing US automakers to brace for the potential major impacts.

Although US market leader Tesla reportedly supports the move, Hyundai Motor, including Kia, is preparing for any outcome.

“Hyundai did not build our [US] investment plan based on incentives; the plan was even made before Trump’s [first] term,” Hyundai’s newly elected CEO, Jose Munoz, said at the LA Auto Show last week.

In an interview with Korean media at the event (via Korea JongAng Daily), Munoz said, “If the Inflation Reduction Act goes out, it goes out for everybody, and we can even do better.” Although Hyundai’s EVs currently don’t qualify for the full $7,500 credit, like some US rivals, the company is still gaining market share.

“Competitors like Tesla step by step are losing market share and we continue to increase our share,” Hyundai’s current global chief operating officer explained.

Hyundai-Trump-EV-credit
Jose Munoz with the Hyundai IONIQ 9 (Source: Hyundai)

Hyundai to remain flexible if Trump ends the EV tax credit

Hyundai opened its massive new $7.6 billion manufacturing plant in Georgia last month. The first vehicle that rolled off the assembly line was the new US-made 2025 Hyundai IONIQ 5. Hyundai upgraded its top-selling EV with more range, features, and a sleek new design. It also comes with an NACS port to charge at Tesla Superchargers.

Last week, the company also unveiled its first three-row electric SUV, the IONIQ 9, which will also be built at the facility.

2025-Hyundai-IONIQ-5-prices
Hyundai’s new 2025 IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)

However, until the battery unit opens next year, Hyundai’s US-built EVs qualify for a partial $3,750 credit. Until then, Hyundai is passing on the full $7,500 for leases.

Hyundai fast-tracked production to level the playing field in the US, its most important market. With Trump reportedly planning to end subsidies, Hyundai’s new CEO said the company will remain flexible.

“We will not only produce EVs but also hybrids and extended-range EVs at our plants, and therefore, the key for us is flexibility and then being able to adjust to what the customers want,” Munoz told reporters.

2025-Hyundai-IONIQ-5-prices
2025 Hyundai IONIQ 5 (Source: Hyundai)

As the US is expected to pull back, China’s EV market continues surging. China became the first country to build over 10 million new energy vehicles (EVs and PHEVs) in a single year.

EV leaders, like BYD, are looking overseas to drive growth as a wave of low-cost rivals is hitting China. As sales continue surging, BYD is quickly catching up to Ford in global deliveries.

Hyundai-Trump-EV-tax-credit
2025 Hyundai IONIQ 5 XRT (Source: Hyundai)

Munoz said, “China is a big threat,” but he believes Hyundai can compete with “technological prowess” and “quality.”

“A lot of consumers, when they buy Chinese products, they realize maybe the quality is not as good as others,” Hyundai leaders explained. That’s where Hyundai wants to “elevate our game in terms of providing not only the best quality but also the best services to our customers.”

Hyundai Motor, including Kia and Genesis, is outpacing Ford and GM as the second-largest seller of EVs in the US through September. With US production kicking off, Hyundai aims to solidify its spot in the US auto market.

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