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As promised earlier today, Maserati has officially launched its third all-electric model, the GranCabrio Folgore, during its “Folgore Day” event in Rimini, Italy. We were on location for the debut of the new Maserati convertible, which features three all-electric motors and impressive performance specs.

As mentioned earlier today, Maserati is celebrating 110 years in the automotive industry today with a BEV-focused event called Folgore Day. Earlier today in Rimini, Italy, we saw key components and customization options for Maserati’s first two all-electric models – the GranTurismo Folgore and Grecale Folgore.

We also got a look at the TRIDENTE – Maserati’s first all-electric day boat, built alongside Vita Power. While today’s events have been interesting, they have merely been leading up to this evening’s debut with the launch of the GranCabrio Folgore.

We got our first (camouflaged) look at the GranCabrio Folgore convertible in October 2022, as Maserati was testing the all-electric prototype through the streets of Modena near its headquarters in Northern Italy. At the time, Maserati shared that the GranCabrio Folgore would launch in 2023—however, the new convertible faced delays alongside the Grecale Folgore and plans for an ultra-luxe Quattroporte Folgore.

While Quattroporte is shelved for now, the all-electric Grecale SUV is making its way to the market and will soon be followed by the Maserati GranCabrio Folgore. Following today’s launch event, we’ve learned much more about what Trident customers can expect to see and feel in this new all-electric convertible.

Maserati GranCabrio Folgore specs and delivery date

Like its GranTurismo sibling, the GranCabrio sits atop Maserati’s proprietary 800V Atlantis architecture, which was built using a blank slate approach started in 2017. It houses a 92.5 kWh battery pack (83 kWh usable) that can reach charge rates up to 270 kW on a DC fast charger, recouping 100km (62 miles) in 5 minutes and replenishing from a 20-80% state of charge in 18 minutes.

That battery offers customers an all-electric WLTP range between 419 and 447 km (260 and 278 miles), depending on which of the BEV’s four drive modes they are utilizing: Max Range, GT, Sport, and Corsa.

Not the best range in the market, but this new all-electric convertible was not designed for long road trips with the family. It’s a tri-motor convertible, and it’s fast as hell. The three 300 kW permanent magnet radial motors combine for 560 kW of maximum power (610 kW with MaxBoost), offering 1,350 Nm (996 lb-ft) of torque.

The Maserati GranCabrio Folgore’s motors combine to deliver a top speed of 290 km/h (180 mph), but that’s computer-limited. It could go faster if the engineers allow it. The sleek convertible can accelerate from 0-100 km/h (0-62 mph) in 2.8 seconds but loses some juice down the straightaway, going 0-200 km/h in 9.1 seconds.

The AWD powertrain features torque vectoring with a double-wishbone suspension up front and multi-link air suspension in its rear with damping that maximizes vertical downforce and driving dynamics.

The aforementioned Corsa mode gives GranCabrio Folgore drivers access to the full 800V brunt of the convertible’s power, giving the accelerator a more direct feel to instant torque – perfect for cornering maneuvers. Corsa mode displays critical diagnostics on the dash, such as battery temperature and torque distribution.

Speaking of the dashboard, the GranCabrio Folgore looks as luxurious as it is speedy. With seating for four, the convertible showcases Maserati’s “balance of the opposites” design philosophy that contrasts timeless luxury with the latest technology.

The “sports car” layout features “real materials” added to feel dynamic but emotive, light, yet comfortable. Given that it is an open-air vehicle, the Maserati GranCabrio Folgore features neckwarmers that blow directly from the seats, as well as an optional wind stopper that can be stored in the trunk that sits behind the front seats when there are no rear passengers (who wants all that extra weight in the back anyway?)

The soft canvas roof is available in five different color options and can be opened and closed in 14 and 16 seconds, respectively. It is initiated at the push of a button on the central display panel at speeds up to 50 km/h (31 mph).

The exterior showcases Maserati’s new vertical lights seen on the MC20 halo car (combustion version) and a 3D illuminated trident logo on the front grille. The rear features full-LED boomerang lights initially seen on the GranTurismo Folgore and a staggered wheel configuration – larger in the rear (21” 295/30) and slightly smaller up front (20” 265/35).

Maserati states that the new 2025 GranCabrio Folgore will open orders in August, followed by an official sales start in Q4 2024. We have yet to get the exact pricing, but we expect the BEV to cost upwards of $200k.

From its specs on paper and an up-close look from Italy today, the GranCabrio Folgore looks like it will be a speedy convertible to drive. We look forward to that and will be sure to document our experience when it happens. Until then, Chiao!

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Communication is now even more important to getting renewable projects off the ground, experts say

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Communication is now even more important to getting renewable projects off the ground, experts say

(From left) CNBC’s Steve Sedgwick moderates an IoT panel with Cenk Alper, CEO of Sabanci Holding, Christina Shim, chief sustainability officer of IBM, and Mitesh Patel, interim CEO and COO of SunCable International, at CONVERGE LIVE on March 13, 2025.

Renewable energy companies can shorten the long approval process needed for their projects by communicating better with stakeholders, according to experts.

Christina Shim, IBM’s chief sustainability officer, said sponsors need to focus on the business value — in addition to the environmental benefits — when discussing their projects.

“That being said … there are some triggering words now, depending on where you sit around the world, and I think the more that you can quantify business value for what you’re doing and tie it to, again, the business operations and business decision making, it’s only going to be more and more important,” Shim said Thursday.

“As long as the outcomes are the same, you just need to make sure that you’re communicating in an appropriate way with the right stakeholders.”

She compared it to how one might talk to a CFO, versus an investor, versus someone in procurement. “You kind of have to talk about things a little bit differently.”

Mitesh Patel, interim CEO and COO at SunCable International, agrees that adjusting communication for the right audience is crucial.

“For politicians, the voters are their constituency, not your project or not your company. You have to help them translate what benefits your project will bring to the constituents,” said Patel, whose company is developing a project to deliver solar energy from Australia to Singapore via undersea cables.

The project, called Australia-Asia PowerLink, is valued around $24 billion and expected to supply Singapore with 1.75 gigawatts of electricity — or around 15% of its electricity needs, according to the company.

The comments by Shim and Patel, who were speaking to CNBC’s Steve Sedgwick on a panel in Singapore, come as renewable energy projects often take many years to get off the ground.

A report from the Global Infrastructure hub, which is part of the World Bank’s Public-Private Infrastructure Advisory Facility, noted the complex nature of preparation needed before an infrastructure project gets underway. It put the average project preparation time at 6 years but said it can take up to 14 years if the project is not planned properly.

Political will is 'absolutely essential' for cross-jurisdiction sustainability projects: SunCable International

Cenk Alper, CEO of Sabanci Holding, a Turkish conglomerate, said the biggest obstacle to getting renewable energy projects off the ground is often regulatory.

“The biggest problem is still government — the permits. Because from licensing to making a project ready, the total time is longer than the construction time,” he said.

The situation in Europe is worse, he added, citing a project where connecting to the grid took two years.

Alper said Western countries need to streamline the approval process for renewable energy projects, noting China has embarked on more projects in the last five years than the rest of the world combined.

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Killing IRA EV tax credits will ruin US EV and battery industries – Princeton study

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Killing IRA EV tax credits will ruin US EV and battery industries – Princeton study

A new study from the REPEAT Project led by Princeton University’s ZERO Lab warns that the repeal of Inflation Reduction Act (IRA) tax credits could decimate the growing EV manufacturing sector.

The report “Potential Impacts of Electric Vehicle Tax Credit Repeal on US Vehicle Market and Manufacturing” clearly outlines the risks. The Princeton study states that repealing the IRA federal tax credits and the EPA’s clean vehicle regulations would sharply reduce EV demand.

Specifically, EV sales could drop around 30% by 2027 and nearly 40% by 2030 compared to sticking with the policies implemented by the Biden administration. That means the share of EVs among new cars sold would shrink dramatically – from about 18% to 13% by 2026 and from 40% to just 24% by 2030.

“While no one has a perfect crystal ball, this is our best attempt to survey available quantitative forecasts and develop an outlook on US EV sales,” explained the study’s project leader, Jesse D. Jenkins, assistant professor at Princeton’s Department of Mechanical & Aerospace Engineering and Andlinger Center for Energy & Environment in an email. “The report is also the only analysis I’m aware of to date that draws the connection to US manufacturing as well.”

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Here’s why this matters: The report points out that repealing these policies wouldn’t just slow down EV adoption – it could seriously derail the US manufacturing renaissance now underway. Up to 100% of planned expansions for EV assembly plants could be canceled or shuttered. Battery manufacturing would also take a huge hit, with between 29% and 72% of battery cell production capacity becoming redundant by 2025. That means factories under construction or those just coming online would be at risk.

To put that into perspective, an Environmental Defense Fund report released in January found that $197.6 billion worth of investments in EV and battery manufacturing have been announced at 208 facilities around the US, with two-thirds announced since the passage of the Inflation Reduction Act in August 2022.

It’s probably a good time to point out that, in order to qualify for IRA federal tax credits, EVs must be domestically assembled, use battery components that have been substantially domestically produced, and use critical minerals produced, processed, or recycled in North America or free trade agreement countries.

Why, then, is the Trump administration torpedoing an industry that’s achieving the very thing it says it wants to achieve, which is to boost domestic manufacturing and jobs?

And let’s not forget the broader EV supply chain – materials, parts, and component suppliers across the country would also suffer, though these effects haven’t even been fully quantified yet.

Bottom line: Repealing the tax credits and regulations wouldn’t just slow down EV sales – it would threaten the jobs, investments, and communities counting on America’s EV manufacturing boom.

Read more: Republican districts lose billions as clean energy cancellations surge


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Cadillac’s most affordable EV just got even cheaper

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Cadillac's most affordable EV just got even cheaper

The Optiq, Cadillac’s most affordable EV, just got a price cut. Despite being on the market for less than two months, GM cut lease prices by nearly $100 a month. Here’s how you can snag the deal.

GM cuts lease prices on Cadillac’s most affordable EV

Compared to Cadillac’s other electric vehicles, like the Escalade IQL, which starts at over $130,000, and the Vistiq, which has a price tag of over $77,000, the Optiq already looks like a steal at about $55,000.

Cadillac’s electric SUV arrived in January with lease prices starting at $489 per month. Although this was already its cheapest SUV (gas or EV), GM is making it even more affordable this month.

The 2025 Cadillac Lyriq is now listed at just $399 for 24 months with $4,929 due at signing. In less than two months, the OPTIQ’s lease prices have fallen by $90, or almost 20%. The deal is for the 2025 Cadillac Optiq AWD Luxury 1 with an MSRP of $54,390.

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Cadillac’s lease deal runs through March 31. However, there are a few limitations you should know about. The deal includes a $2,000 loyalty or conquest offer.

Cadillac's-most-affordable-EV-lease
Cadillac Optiq EV lease deal (Source: Cadillac)

The fine print states you must be a lessee of a 2020 model year or newer non-GM vehicle for at least 30 days. According to online car research firm CarsDirect, this extends to 2011 and newer electric vehicles from a competitor brands such as Tesla, Rivian, Porsche, BMW, Ford, and Honda, among several others.

At 190″ long, 75″ wide, and 65″ tall, the Cadillac Optiq is about the same size as the Tesla Model Y (187″ long x 76″ wide x 64″ tall).

Powered by an 85 kWh battery pack, the electric SUV has a driving range of up to 302 miles. With 150 kW DC fast charging, the Optiq can gain up to 79 miles of range in about 10 minutes.

2025 Cadillac Optiq trim Starting Price
(including destination)
Driving Range
(EPA-estimated)
Luxury 1 $54,390 302 miles
Luxury 2 $56,590 302 miles
Sport 1 $54,990 302 miles
Sport 2 $57,090 302 miles
2025 Cadillac Optiq price and range by trim

Inside, the Optiq features a massive 33″ infotainment and “segment-leading” cargo (57 cubic feet) and second-row space.

GM has been introducing new deals on new EV models all year. Chevy’s new Equinox, Blazer, and Silverado EVs are all available with 0% APR with leases starting as low as $299 per month.

Ready to take advantage of the savings? We can help you get started. Check out our links below to find deals on GM’s most popular EVs in your area.

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