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New York City is on the brink of implementing congestion pricing, a bold move aimed at reducing traffic in Manhattan’s most congested areas. While this initiative promises to alleviate gridlock and generate funds for public transportation, it also means drivers will face additional costs to navigate through certain parts of the city. But what if I told you there’s a way to avoid these fees entirely?

Starting on June 30, 2024, vehicles entering the Congestion Relief Zone in Manhattan, which includes local streets and avenues below 60 Street, will be charged a new entry toll.

According to the Metropolitan Transit Authority (MTA), the move is designed to help with NYC’s infamous congestion considerably. “The toll will result in 100,000 fewer vehicles entering the zone every day, relieving crowding in what is today the most congested district in the United States.”

Daily tolls to enter Manhattan will vary based on the vehicle and time of day, but most passenger cars will be charged $15 to enter during the day, and motorcycles will be charged $7.50.

But there’s an easy way to enter Manhattan and avoid paying the toll: just ride a bike. Or better yet, an electric bike. Using bike lanes across the bridges or taking a bike on the subway are both easy ways to get into Manhattan without paying congestion pricing, and still ensuring you’ve got your own wheels to navigate the city.

Bikes are a great way to get around NYC. According to the MTA, the average speed of cars in Manhattan is around 7 mph (12 km/h). But bicycle riders can easily surpass that speed and slice past traffic by using the bike lanes. To go even faster with less sweat, electric bikes make the ride even more efficient.

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Why e-bikes are the perfect solution

There’s no getting around the congestion pricing if you’re in a car. Your options to avoid paying congestion pricing are either start driving an ambulance or get a bike. And these days, getting a bike quite often means getting an e-bike, since e-bike sales are through the roof. Pedal bikes are still an amazing option, but e-bikes make it easier to go longer distances without the same exhaustion, especially for riders who haven’t been on a bike in years. Electric bikes are not just a trend; they are a revolution in urban transportation. Here’s why they are the best way to bypass congestion pricing in NYC:

1. No congestion fees

This one is obvious. E-bikes, like traditional bicycles, are exempt from congestion pricing. This means you can zip through Manhattan’s busiest streets without worrying about paying extra fees. As the city gears up for congestion pricing, this exemption becomes a significant financial advantage for daily commuters.

2. Speed and efficiency

NYC traffic can be notoriously slow, with cars often moving at a crawl, if moving at all. E-bikes offer a swift and efficient alternative, especially with their ability to navigate through traffic with ease. Most e-bikes can reach speeds of up to 20 mph on throttle only (meaning no pedaling necessary), and others can reach 28 mph with pedaling, making them a viable option for quick commutes across the city.

3. Eco-friendly

Reducing your carbon footprint has never been more critical. We’re in a race against the clock here. If we’re to hope that we can still save our planet and maintain a habitable climate into the future, we’ve all got to play a part. E-bikes are one of the greenest modes of transportation, producing zero emissions during use. By opting for an e-bike, you contribute to a cleaner environment, supporting NYC’s goal of becoming a more sustainable city.

And yes, without going down the rabbit hole on this subject too deeply, you’re correct that there is a carbon price tag associated with manufacturing an e-bike. But the average amount of emissions offset by e-bikes is so much larger than the emissions generated from their production and use that it’s not even worth giving more than a paragraph to that flawed argument.

4. Health benefits

Riding an e-bike is not only good for the environment but also for your health. Even with the motor assist, you can still get a decent workout, which can improve cardiovascular health and reduce stress levels. Plus, there’s nothing quite like the feeling of wind in your hair as you cruise through the city.

5. Cost-effective

Beyond avoiding congestion fees, e-bikes are cost-effective in other ways. They require less maintenance than cars, and you won’t have to worry about parking fees or fuel costs. Over time, the savings can be substantial, making e-bikes a smart financial choice. Some riders have found that switching to an e-bike from a car has saved tens of thousands of dollars over the years.

Making the Switch

If you’re convinced that an e-bike is the way to go, here are a few tips to get you started:

Choosing the Right E-Bike

  • Consider your commute: Think about the distance and terrain of your daily commute. Different e-bikes offer various ranges and power levels, so choose one that fits your needs. That’s an issue my wife recently grappled with when she switched to e-bike commuting each day.
  • Test ride: Before making a purchase, test ride a few models to find one that feels comfortable and suits your riding style.
  • Check local regulations: Familiarize yourself with NYC’s e-bike regulations to ensure your new ride is compliant. For example, UL-compliant batteries are required to sell an e-bike in NYC.

Safety First

  • Wear a helmet: There is a hot debate about helmet usage, but especially for new riders in a city where pedestrian and cycling injuries and deaths are on the rise due to heavier cars and distracted drivers, a helmet is an important piece of safety gear. Safety should always come first. A good-quality helmet can protect you in case of accidents.
  • Follow traffic rules: E-bikes are subject to the same traffic laws as traditional bicycles, and these rules are even often the same as cars. Obeying traffic signals and signs is crucial for your safety and the safety of others.
  • Be visible: Equip your e-bike with lights and reflective gear, especially if you plan to ride at night.

Maintenance

  • Regular check-ups: Keep your e-bike in top condition with regular check-ups. Simple maintenance tasks, like keeping the tires inflated and the brakes checked, can ensure a smooth ride.
  • Professional servicing: For more complex issues, don’t hesitate to take your e-bike to a professional. Regular servicing can extend the lifespan of your e-bike and avoid small issues turning into larger issues. For folks that commute daily on their bikes, this is even more important. E-bikes require significantly less maintenance than cars, but it is still important to do routine checks.

As NYC prepares to roll out congestion pricing, now is the perfect time to rethink your daily commute. E-bikes offer a practical, cost-effective, and eco-friendly alternative to driving, allowing you to navigate the city with ease and avoid extra fees. Embrace the future of urban transportation and join the e-bike revolution today.

By making the switch, you’ll not only save money but also contribute to a healthier, more sustainable city. So, what are you waiting for? Hop on an e-bike and ride your way out of congestion pricing as you blow past all of those suckers on the bridges!

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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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