Hiboy has taken up to $729 off a selection of its EV models for the foreseeable future, with a few bundle options available as well. The biggest of these deals is on the EX6 Step-thru Fat-Tire e-bike for $849.99 shipped. Down from a $1,579 price tag, this bike saw few discounts during 2023 outside of holiday sales like Black Friday where it first fell to the former $900 all-time low. In the new year we’ve already seen it drop further to the new $800 low back in March, with today’s deal coming in as a slightly lesser 46% markdown that gives you $729 in savings and lands at the second-lowest price we have tracked. The Hiboy EX6 Step-Thru e-bike comes equipped with a 500W Brushless Geared Motor alongside a removable 48V waterproof battery to reach top speeds of 25 MPH for up to 75 miles on a single six to seven-hour charge. Sporting an ergonomic riding design, it features 20-inch all-terrain fat-tires in conjunction with a hydraulic suspension fork for a smooth ride wherever you go. It also has an integrated rear cargo rack, fenders over both wheels, dual disc brakes, an LCD display, a bright headlight, a 7-speed Shimano drivetrain, and three riding modes. Hiboy is also offering two EX6 e-bikes at a discounted rate of $1,660, down from $3,160.
Greenworks 80V 18-inch electric chainsaw hits $250 low
For today only, Best Buy is offering the Greenworks 80V 18-Inch Cordless Electric Chainsaw with 4.0Ah battery for $249.99 shipped. Down from a $400 price tag, this particular combo of tool and battery saw very few discounts over 2023, as opposed to its tool-only counterpart. Since the new year began we’ve already seen two previous one-day discounts, the first of which brought costs down to $297 and the second took things further to $280. Today’s deal continues the trend as a greater 38% markdown that beats our previous mention by $30, giving you a solid $150 in savings and landing as a new all-time low. Equipped with a 18-inch bar and chain, as well as a 4.0Ah battery and rapid-charger, this chainsaw allows up to 270 cuts on 4×4 lumber on a single charge. The brushless motor also has “twice the torque of its brushed counterparts,” and its automatic oiler will ensure an evenly lubricated chain and increased productivity. There is no need to struggle with starter ropes as its been replaced with a simple and easy push button start. Also includes charger and scabbard.
Best Buy has a few more tool-related deals of the day, offering a Greenworks 18-inch replacement bar and chain for the above chainsaw at $9.99 shipped, down from $40. This is a massive 75% markdown that is the lowest price we could find, giving you a great chance to snag these backup parts for next to nothing. Best Buy has also listed the WORX 4V 3-Speed Screwdriver for $24, down from $50. Weighing only 1.5 pounds, this device applies 300 RPM of no-load speed for a max hard torque of 44 inch-pounds and a max soft torque of 22 inch-pounds – all at the press of a button, making it useful in tighter spaces.
NIU BQi-C3 Pro e-bike returns to $1,300 low for today only
Today only, Best Buy is once again offering the NIU BQi-C3 Pro e-bike for $1,299.99 shipped. Down from its usual $2,200 price tag, in the new year we’ve seen three previous 1-day sales like this; one back on Valentine’s Day, where it fell to $1,500 and twice in April, where it returned to $1,300 for the first time since Labor Day sales. Today’s deal comes in as another repeat 41% markdown off the going rate and lands as a return to the all-time low. You can learn more about this e-bike by heading below the fold or by reading through our hands-on review.
The NIU BQI-C3 Pro comes equipped with a 750W peak-rated rear hub motor alongside dual 48V 10.0Ah batteries that propel the bike up to 28 MPH for up to 90 miles on a single charge. It fully recharges from empty in just five hours, and settings can be monitored and controlled via the companion app thanks to NIU’s smart control technology that has been carried over to this model from its popular lines of electric scooters. It also comes with plenty of extra features that enhance the riding experience like a kickstand, the integrated rear cargo rack, fenders for both wheels, an LED headlight and taillight, puncture-resistant tires, internally routed wiring, IP65 waterproof rating for the motor, IP67 waterproof rating for the battery, and a 3.5-inch TFT color display that gives you real-time readouts of both individual battery levels, distance, travel times, speed, and more.
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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Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.
In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.
If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.
With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?
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The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.
At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.
Previous versions of the Lectric XP e-bike line have seen sky-high sales
Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.
As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.
Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.
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Logo of the Organization of the Petroleum Exporting Countries (OPEC)
Andrey Rudakov | Bloomberg | Getty Images
U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.
U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.
The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.
The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.
Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.
Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.
“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.
Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.
Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.
In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.
Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.
“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”
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Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.
“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”
The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.
The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”
Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.
Electrek’s Take
ComEd press conference at Chicago Drives Electric, 2024; by the author.