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Mercedes unveiled its 2025 electric G-Class tonight – which it’s calling the “G580 with EQ technology” – in Beverly Hills, CA, and we’re here at the reveal with all the details.

Mercedes first surprised us with its “EQG” concept at IAA in 2021. Now it’s heading to production, but with a somewhat more plain name.

At the time we had almost no details, but now we’re learning all about the upcoming electric off-roader here in the wilds of… Beverly Hills, California.

So, maybe no heavy off-roading demonstrations are in the cards for today.

But the electric G-Class does have off-roading chops. It comes with 4 independent electric motors putting out a combined 579hp and 879 lb-ft of torque. Each motor has its own 2-speed transmission, giving access to a low-gear with 2:1 gear reduction for off-roading, and the 4 independent motors mean the car can vector torque to whichever wheels need it – even better than a locking differential.

4 wheel motors also means the G580 will be capable of what Mercedes calls G-Turn, its branding of what we’ve previously seen referred to as “tank turn” when Rivian was working on it (but later abandoned and pivoted to “front dig mode” instead). This means it will be able to do 2 full rotations on the spot by spinning the wheels on the left and right sides of the car in opposite directions at once.

However, this feature is more of a toy, just for fun. Mercedes also has a G-steering feature, which is sort of a mini-version of the G-turn, which will help you make extremely tight turns by activating torque vectoring to help make tight turns (though unlike the EQS, it doesn’t have rear-wheel steering).

The G580 can climb up to a 100% (45º) grade and hold stable on lateral slopes of up to 35º, ford 33.5 inches of water (6 inches deeper than the gas version), with 9.8 inches of ground clearance, a 32º approach angle, 30.7º departure angle and 20.3º breakover angle, with independent double wishbone suspension in the front and a solid de Dion axle in the rear.

To help you see where you’re going, the G580 has a “transparent hood” feature, which uses a camera to show what’s in front of and under the car on the internal display. This is important for off-roading, because if you’re going over a ridge or something and can’t see under the hood, the transparent hood can help you see where you’re going.

But it’s also a Mercedes, which means it’s fancy inside. And the 2025 model will be particularly fancy, as it’s only available in EDITION ONE trim with lots of exclusive interior and exterior touches. But you’ll be able to customize the car basically any way you want through Mercedes’ MANUFAKTUR car customization process.

So whether you’re conquering a real jungle or just the concrete jungle of… Rodeo Drive, or Las Vegas for the latest cryptocurrency convention, you’ll feel right at home in the Mercedes G-Class.

That fanciness is certainly needed to justify its price, which Mercedes hasn’t yet released, but said that it will be “in the ballpark” of the G63 (which starts at around $180,000).

The G580 is smaller than the the gas-powered G-Class. At 182″ it’s about 10 inches less long, but just as tall (78″) and as wide (76″). It shares the same 113.8in wheelbase as the gas model.

Otherwise, the exterior shares the boxy design of the gas version. Unlike many EVs, it doesn’t adopt a particularly curvy exterior, and still has a textured grille area.

The decision to stick with a traditional-looking grille goes hand in hand with Mercedes’ recent decision to add a “more classic grille option” to its EQS. And it turns out, if you want the G580 with the traditional G-Class grille, you can just get the standard grille, directly from the gas version, if you prefer it (but then you don’t get those cool lights).

And overall, Mercedes said it was very important to maintain the overall design of the G-Class. So it hasn’t tweaked it to make it look electric, other than some grille modifications and a couple aero bits.

Mercedes says the vehicle has “optimized aerodynamics,” which was surely a primary design intent of this vehicle that consists solely of straight lines. But actually, there have been a couple small changes, like a slightly modified A-pillar and a strip above the windshield to smooth out the front edge of the roof.

As for details on its electric drive capabilities, the aforementioned 4 motors can sprint to 60mph in an estimated 4.6 seconds, and reach a top speed of 112mph/180kmh. These aren’t the fastest numbers out there, but the car isn’t meant to be a racecar – Mercedes could have gone with a bigger battery, or more power, but that would have meant other compromises elsewhere, and Mercedes said that it was far more important to focus on the total package.

Mercedes hasn’t told us a range number yet, but with a 116kWh battery and a face that’s even flatter than its electric-triangle-on-wheels competition, we can imagine its somewhere in the mid-200s. It’s 473km on WLTP, which is 293mi, but WLTP is a little more lenient than EPA numbers.

More importantly than overall range, Mercedes says the G-Class will DC charge from 10-80% in 32 minutes, with a 200kW peak charging rate (and an 11kW AC charge rate). That maths out to an average charge rate of approximately 150kW on DC over the full session, which is pretty reasonable.

Given the car’s massive 116kWh (usable) battery, it still doesn’t charge nearly as fast as a Hyundai/Kia E-GMP car, but it’s still quite good compared to other chunky EVs (the G580 weighs ~6,800lbs/3,805kg, with a GVWR of exactly 3,500kg – the maximum allowed by German law).

The G580 comes with 5 regenerative braking settings, including Mercedes “D-auto” setting, where the car intelligently decides to apply regenerative braking based on traffic conditions (we recently tried this setting on the eSprinter, but struggled to find a situation where it would be useful). Regen activates off-throttle, suggesting the possibility of one-pedal driving, but we haven’t had a chance to try it out and see if its max 217kW regen braking capacity is really strong enough to avoid most brake pedal usage.

For a final cool electric touch, the car has done something new with its iconic rear end. In place of the spare tire carrier that typically adorns the backside of the G-Class, there’s an optional compartment which can be used to store charging cables or the like. You can still opt for the spare tire, too, but I really like the charging box.

Electrek’s Take

Look, this is a G-Class. It’s a statement car, it’s an image car. If you like it, you know that you like it. For the majority of drivers, its off-road capabilities really won’t matter all that much.

What matters here is whether it stays true to the G-Class, and as far as we can tell, it does. It looks like a G-Class and it feels like a G-Class. The doors thunk closed like a G-Class.

And an important note – Mercedes said, “if the G can go electric, any car can go electric.” We, of course, agree. This is a car that has been defined in many ways by excess, with the gas version getting just 14 miles per gallon. And yet here it is, in electric trim, with a huge battery (but not out of line with other huge EVs), beating the gas version’s performance both on- and off-road.

As for the name – while “G580 with EQ technology” is a bit of a mouthful, I actually like the simple designation “G580.” Surely people will refer to it as “the electric G-Class” or the like, but by giving the car a regular model name, Mercedes is saying that it’s treating the car like a regular car.

Instead of siloing EVs into their own sub-brand, Mercedes is saying that this is a G-Class, and if you want a G-Class, this is a G-Class. Mercedes was clear that this is not a rational vehicle, that its customers don’t need a G-Class, they want a G-Class.

So there you go. If you want a G-Class, this is a G-Class.

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Robinhood is up 160% this year, but several obstacles are ahead

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Robinhood is up 160% this year, but several obstacles are ahead

Florida AG opens probe into Robinhood. Here's the latest

Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.

Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.

The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.

For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.

Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.

Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.

“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.

The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.

Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.

“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.

Robinhood CEO Vlad Tenev explains 'dual purpose' behind trading platform's new crypto offerings

Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.

Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.

Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.

It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.

Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.

With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.

Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.

The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.

An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.

OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.

JPMorgan announces plans to charge for access to customer bank data

“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.

“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.

The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.

“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”

Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.

“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”

SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.

Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.

The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.

WATCH: Watch CNBC’s full interview with Robinhood CEO Vlad Tenev

Watch CNBC's full interview with Robinhood CEO Vlad Tenev

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Hyundai and Kia are betting on lower-priced EVs to ride out tariffs

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Hyundai and Kia are betting on lower-priced EVs to ride out tariffs

Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?

Hyundai and Kia shift to lower-priced EVs

Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.

In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.

The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.

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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”

Hyundai-Kia-lower-priced-EVs
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)

The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.

Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.

Hyundai-Kia-lower-priced-EVs
Kia Concept EV2 (Source: Kia)

More affordable electric cars are on the way

Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.

The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.

Hyundai-Kia-lower-priced-EVs
Kia EV3 (Source: Kia)

Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.

Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).

Hyundai-Kia-lower-priced-EVs
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)

According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.

Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”

Hyundai-Kia-lower-priced-EVs
2025 Hyundai IONIQ 5 (Source: Hyundai)

Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.

After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.

While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.

Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.

Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.

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Blink Charging just threw a lifeline to EVBox Everon customers

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Blink Charging just threw a lifeline to EVBox Everon customers

As EVBox shuts down its Everon business across Europe and North America, EV charging provider Blink Charging is stepping up to offer support to customers caught in the transition.

EVBox’s software arm Everon recently announced it’s winding down operations alongside EVBox’s AC charger business. That’s left a lot of charging station hosts and drivers wondering what comes next. Now, EVBox Everon is pointing its customers toward Blink as a recommended alternative.

Blink says it’s ready to help, whether that means keeping existing chargers up and running or replacing aging gear with new Blink chargers.

“EVBox has played a significant role in the growth of EV charging infrastructure across the UK and Mainland Europe, and we recognize the trust hosts have placed in its solutions,” said Alex Calnan, Blink Charging’s managing director of Europe. “With the recent announcement of Everon’s withdrawal from the EV charging market, it’s natural to have questions about what this means for operations. At Blink, we want to assure Everon customers that we are here to help them navigate this transition.”

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Blink says it’s able to offer advice, replacements, and ongoing network management to make the changeover as smooth as possible.

Everon users who switch to Blink will get access to the Blink Network portal via the Blink Charging app. That opens up real-time insight into charger usage and lets hosts set pricing, manage users, and download performance reports.

“At Blink, our charging technology is future-ready,” added Calnan. “With advancements like vehicle-to-grid technology on the horizon, our chargers are built to support the future of electric vehicles and charging habits.”

The company says its chargers are in stock and ready to ship now for any Everon customers looking to make the jump.

In October 2024, France’s Engie announced it would liquidate the entire EVBox group, which it said posted total losses of €800 million since Engie took over in 2017. EVBox is closing its operations in the Netherlands, Germany, and the US.


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