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In a world where electric vehicles are becoming increasingly popular, it’s no surprise that the Tesla Model Y and Model 3 are the best-selling EVs in the United States. But what if I told you that the third best-selling electric vehicle in America isn’t a car at all? It’s actually an electric bike!

Yes, you read that right. The Lectric XP 3.0 e-bike is the surprising champion that’s secured its place as the third best-selling EV in the nation.

And to be honest, it’s not even close. As the company explained, “In 2023, Lectric helped electrify more Americans than Ford, Volkswagen, Hyundai, Rivian, Lucid, BMW, and Porsche combined.”

That might sound surprising, but those in the e-bike industry will likely already know that the Lectric XP 3.0 has been a runaway success. While the company doesn’t list exact sales figures, we know that its best-selling model, the XP 3.0, handily secured the spot of third best-selling EV in the US. And of course its significantly more affordable price of just $999 didn’t hurt its placement on the list, either.

“Lectric eBikes is one of the fastest-growing electric bike companies in America, selling more than 400,000 eBikes in its first 4 years,” the company continued. “Most of this growth is powered by the success of Lectric’s most popular electric bike, the Lectric XP, which is the third most popular EV in America behind only the Tesla Model 3 and Model Y.”

lectric xp change battery

Third best-selling electric vehicle in the US is an e-bike

The Tesla Model Y and Model 3 took the two top spots for 2023 at 394,497 and 220,910 units sold, respectively. And while we don’t know exactly how many XP 3.0 electric bikes were sold last year due to Lectric being a private public, it was likely in the high five figures. Lectric’s total of over 400,000 sales from 2019 to 2023 includes its first year with minimal numbers while it was still ramping up production. Those sales figures also include several other models from Lectric, though the XP 3.0 is by far the company’s biggest mover.

For comparison, the fourth spot on the list of best-selling EVs in the US, the Chevy Bolt EV/EUV, sold just over 62,045 units in 2023.

The rise of the Lectric XP 3.0

The Lectric XP 3.0 has quickly become a favorite among Americans, thanks to its impressive features and affordable price point. The folding fat tire e-bike offers a unique combination of power, versatility, and convenience, making it an ideal choice for urban commuters and outdoor enthusiasts alike.

With its 500W motor (outputting closer to 1,000W peak), multiple battery size options, and fat tire design, the Lectric XP 3.0 is well-equipped to handle a variety of terrains and riding conditions.

lectric xp 3.0 hydraulic

Why the Lectric XP 3.0 is outselling traditional EVs

Several factors likely contributed to the Lectric XP 3.0’s unexpected rise to the top of the EV charts. First and foremost, its affordability sets it apart from its four-wheeled counterparts. While a new Tesla will set you back tens of thousands of dollars, the $999 Lectric XP 3.0 comes in at a fraction of the cost, making it accessible to a wider range of consumers.

Additionally, the convenience and versatility of electric bikes make them an attractive option for many. The Lectric XP 3.0’s folding design allows for easy storage and transport, making it perfect for city dwellers with limited space. Its ability to tackle both urban streets and off-road trails adds to its appeal, providing riders with a flexible and enjoyable mode of transportation.

The last several years have seen an increasing number of drivers becoming riders as e-bikes have grown in popularity as car alternatives. While some commuters have completely gotten rid of their cars in favor of e-bikes, many more have found that an e-bike can be a great supplement to a car, replacing it for common local trips. That leaves the car for longer journeys or situations with more passengers or cargo needs. Though there too, cargo variants of the Lectric XP 3.0 with a rear passenger bench or cargo baskets have proven popular for both roles.

micah toll lectric xp 3.0

The environmental impact

Another significant factor driving the popularity of the Lectric XP 3.0 is its positive environmental impact. As more people become conscious of their carbon footprint, electric bikes offer a greener alternative to traditional cars and motorcycles.

By choosing an e-bike, drivers who become riders can reduce their reliance on fossil fuels and contribute to a more sustainable future.

A new era of transportation

The success of the Lectric XP 3.0 and the growth of e-bikes as a whole signifies a shift in the way Americans view transportation. Sure, it may only be a game of catchup to Europe and Asia, but just because America is late to the game doesn’t make it any less important.

As urban centers become more congested and the demand for eco-friendly alternatives grows, electric bikes are poised to play a crucial role in the future of mobility. The Lectric XP 3.0’s impressive sales figures are a testament to the growing acceptance and enthusiasm for this mode of transport.

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Here it is: the first-ever electric Type D school bus from Thomas Built

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Here it is: the first-ever electric Type D school bus from Thomas Built

The school bus experts at Thomas Built have just released the first all-electric, square-bodied Type D school bus in the company’s storied history – and they’ve given their new bus a friendly, pun-tastic name. Kids, meet Wattson!

Properly called the Saf-T-Liner eHDX2 Wattson, this latest transit-style Type D bus from North Carolina-based Thomas Built combines a flat front, high seating capacity, and superior driver visibility with clean, quiet, electric power from Cummins Accelera.

“Wattson represents our next step in electrification,” said TJ Reed, president and CEO of Daimler Truck Specialty Vehicles. “(Wattson) reflects our belief that the best electric solutions are the ones that feel familiar, fit within your fleet and are built to last. That’s what we’ve heard from our customers, and that’s what we’re delivering.”

The bus offers 150 miles of estimated range thanks to a huge 246 kWh li-ion battery pack. That battery funnels electrons to the same, ultra-efficient 295 hp 14Xe eAxle with 750 lb-ft of peak tq as the recently-revealed Jouley, offering more than enough “get up and go” to get kids safely across multilane highways and up even the gnarliest rural mountain inclines. And, of course, without the freezing concerns that can stop a diesel fleet cold during extreme temperature drops.

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And, because Wattson is based heavily on Thomas Built’s existing Type D body, schools’ preferred upfitting solutions should bolt right in. “We know electrification can feel like a big step,” continued Reed. “With Wattson, we’re making that step easier by giving districts a familiar Type D solution they already trust – now in electric.”

Wattson is available for order now, with first deliveries scheduled for early 2026. The bus is capable of 120 kW DC fast charging, and is V2G capable.

Electrek’s Take


2026 Saf-T-Liner eHDX2 Wattson; by Thomas Built.

It’s almost universally accepted that school buses are prime candidates for electrification. They tend to operate on short, local routes, in stop-and-go traffic, and in close proximity with some of the most vulnerable populations in the country, in terms of respiratory illness and physical safety (just imagine a kid trying to yell “STOP!” at a bus driver and being heard over the din of noisy kids and a revving diesel). The fact that electric school buses can reduce a district’s operating costs and serve the public as a portable power center in an emergency are just icing on the electric cake.

Here’s hoping all our kids’ schools have a chance to trade in their gross diesel school bus for something like Thomas Built’s Wattson sooner than later.


SOURCE | IMAGES: Thomas Built.


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Bako Motors builds solar-powered tiny electric cars that sip sunshine

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Bako Motors builds solar-powered tiny electric cars that sip sunshine

Electric vehicles are known for plugging in – but one startup wants them to simply soak up the sun instead. Bako Motors is building compact electric cars and cargo vans with solar panels on the roof, letting them charge directly from sunlight and cut their dependence on wall sockets altogether.

It’s not an entirely novel idea. But unlike flashy startups like Aptera, Bako is approaching it with an actually commercially viable solution. And now the company is joining several other African-based EV makers hoping to help the continent leapfrog its way towards more sustainable transportation.

While most EVs still rely on grid charging – often from a fossil-fuel-heavy mix in Africa – Bako’s small vehicles can harvest free energy straight from the sky. According to founder and CEO Boubaker Siala, the roof-mounted solar cells can provide more than half of a vehicle’s daily energy needs. For its commercial model, the B-Van, that translates to about 50 km (31 mi) of solar-assisted driving per day, or roughly 17,000 km (10,500 mi) per year without ever plugging in.

Of course, drivers do still have the option of plugging into an EV charger to top up the battery more quickly, but soaking up extra sun all day may mean that many owners can get away with infrequent grid-charging stops.

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The B-Van can haul up to 400 kg (882 lb) of cargo and offers 100–300 km (62–186 mi) of total range, starting at around US $8,500. Its smaller sibling, the Bee, is a two-seat urban runabout with 70–120 km (44–75 mi) of range and a 44 km/h (27 mph) top speed, priced from US $6,200. A third model, the X-Van, is now on the drawing board with space for two passengers and extra cargo.

More than 40% of Bako’s parts are sourced locally – including the steel for the frame and lithium-iron-phosphate batteries – creating jobs while reducing import costs. A second, larger factory is set to open in 2026, boosting capacity to 8,000 vehicles per year for Africa, the Middle East, and Europe.

By combining affordability, local manufacturing, and solar charging, Bako Motors is carving out a niche that fits Africa’s climate and infrastructure realities. In a market where range anxiety and unreliable grids still hold many buyers back, these sun-sipping EVs might just be the independence-promoting solution that drivers need.

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Mining execs embrace ‘phenomenal’ rare earths interest from the Middle East

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Mining execs embrace 'phenomenal' rare earths interest from the Middle East

Guests enjoy the Fortune Global Forum 2025 Gala Dinner on October 26, 2025 at Diriyah Gate, Riyadh, Saudi Arabia.

Cedric Ribeiro | Getty Images Entertainment | Getty Images

Mining executives have welcomed a sharp upswing in investor interest from the Middle East, as Gulf states seek to expand their critical mineral ambitions and take on established global players.

Critical minerals refer to a subset of materials considered essential to the energy transition. These resources, which tend to have a high risk of supply chain disruption, include metals such as copper, lithium, nickel, cobalt and rare earth elements.

“The interest in rare earths in this part of the world is phenomenal,” Tony Sage, CEO of U.S.-listed rare earths miner Critical Metals, said during a business trip through the Middle East.

“I didn’t expect it because, you know, they can’t mine it. There [are] really no discoveries in this area, but they want to be able to participate somehow in the downstream,” Sage told CNBC by telephone.

His comments come as policymakers and business leaders flock to Saudi Arabia’s Future Investment Initiative (FII) in Riyadh, an event nicknamed as the “Davos in the Desert.”

The annual event, which got underway on Monday, is being held under the theme: “The Key to Prosperity: Unlocking New Frontiers of Growth.” It is expected this year’s FII will lean into areas such as artificial intelligence, particularly as the oil-rich kingdom continues with its mission to diversify its economy.

A wheel loader takes ore to a crusher at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020.

Steve Marcus | Reuters

Analysts say Gulf states, led by the likes of Saudi Arabia and the UAE, are increasingly seeking to leverage their financial capital and geographic location to capture critical minerals market share.

A series of targeted acquisitions and international partnerships forms a key part of this regional strategy, according to an analysis by the International Institute for Strategic Studies (IISS), with Gulf states seeking to present themselves as alternative partners to Western nations.

Critical Metals, for its part, has partnered with Saudi Arabia’s Obeikan Group to build a large-scale lithium hydroxide processing plant in the kingdom.

A strategic push

Kevin Das, senior technical consultant at New Frontier Minerals, an Australian-based rare earths explorer, linked investor interest in rare earths from the Middle East to exponential growth in the field of AI.

“It’s no surprise that you’re seeing interest, not just in the Western world, but spreading into the Gulf States because I think people are realizing that we’re probably on the cusp of an AI boom,” Das told CNBC by telephone.

“If you start to see the emergence of robotics, every robot is going to need these rare earths. And I think the supply is only going to get tighter,” he added.

Rare earth elements have emerged as a key bargaining chip in the ongoing U.S.-China trade war, although global stocks rallied on Monday amid investor hopes of thawing tensions between the world’s two largest economies.

U.S. officials have touted the prospect of China delaying strict rare earth export controls as part of a high-stakes summit between President Donald Trump and China’s Xi Jinping on Thursday.

Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. These elements are widely used in the automotive, robotics and defense sectors.

U.S. President Donald Trump meets with Saudi Crown Prince Mohammed bin Salman during a “coffee ceremony” at the Saudi Royal Court on May 13, 2025, in Riyadh, Saudi Arabia.

Win Mcnamee | Getty Images News | Getty Images

Shaun Bunn, managing director at London-listed Empire Metals, said his company had also received considerable investor interest from the Middle East.

“I think that it is very much part of the kingdom’s strategic push to diversify away from its oil. I mean, they are always going to make the most money out of oil at the moment at least, but they are trying to diversify,” Bunn told CNBC by telephone.

Critical mineral ambitions

Analysts have flagged a number of barriers facing the Gulf states’ push for critical minerals, however, noting that regional players remain marginal producers at present.

“Many of Saudi Arabia’s mining ventures remain in early or even conceptual stages, and the country still depends on foreign partners for expertise, such that it may take years for Saudi Arabia, and the Gulf states more generally, to scale up enough to dent Chinese dominance or to fully meet Western demand,” Asna Wajid, research analyst at IISS, said in an analysis published in late July.

“Many in the West, moreover, may be wary of replacing their dependence on China with dependence on the Gulf states, which already exercise considerable strategic leverage due to their oil and gas supplies,” Wajid said.

China is the undisputed leader of the critical minerals supply chain, producing roughly 70% of the world’s supply of rare earths and processing almost 90%, which means it is importing these materials from other countries and processing them.

U.S. officials have previously warned that this dominance poses a strategic challenge amid the pivot to more sustainable energy sources.

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