Connect with us

Published

on

Honda has announced lease pricing for its upcoming CR-V e:FCEV fuel cell plug in hybrid, which operates either on electricity or hydrogen.

Honda first announced the CR-V e:FCEV earlier this year, and we got a chance to drive it at Honda’s California R&D center.

It’s an interesting idea that nobody’s done before. To help make up for the lack of hydrogen stations, you can fill the car’s 17.7kWh battery up with electricity at home for up to 29 miles of range of day to day use, and then fill up the 241-mile hydrogen tank, which is quicker to fill and has higher energy density than batteries, from time to time for longer trips.

When we drove it (and you can read our far too-detailed thoughts on it here), we got a lot of the technical stuff out of the way, but Honda hadn’t yet announced the specifics of its offering – just that it would be lease-only and would come with some amount of free hydrogen. Today, we’re finally getting the details.

Honda CR-V e:FCEV will lease for $389-$489/mo

Honda is offering three different lease deals on the CR-V e:FCEV, with two of them at a relatively standard 12k miles per year, and one high-mileage lease with a 2 year, 60,000 mile term.

2025 Honda CR-V e:FCEV Touring Lease Options
Monthly payment $459 $389 $489
Due at signing  $2,959 $2,889 $2,989
Lease term  3 years 6 years 2 years
Allowable mileage 36,000 72,000 60,000
Hydrogen fuel credit   $15,000 $30,000 $25,000

The monthly pricing is a little high compared to the great EV lease deals we’ve been seeing lately (e.g. Model 3 for less than a Camry, Hyundais for around $200/mo, or the Toyota bZ4X for next to nothing), but still fairly reasonable. And it comes with a free hydrogen fuel credit, which will help to make up for some of that difference in lease cost (and good thing, since hydrogen is currently ~$32/kg which means it’s $130+ to fill up its 4.3kg tank).

The lease also includes 21 days of free Avis rentals, but only in California – which is incidentally the only state that Honda will lease the car in.

The CR-V e:FCEV will be available starting July 9. Honda plans to offer about 300 vehicles for lease.

Electrek’s Take

While I do think it’s interesting what Honda is doing with the CR-V e:FCEV, it’s sort of a solution in search of a problem. But it’s also not much of a solution, since Honda plans to offer 300 of these vehicles in a state which has 30 million vehicles.

Honda says that working on fuel cell technology will help them hedge their bets, instead of focusing fully on BEV as most of the industry is doing. Honda is right that fuel cells could have a niche – but that niche is probably in heavy transport, not in light-duty consumer vehicles. Honda did recently show a Class 8 hydrogen truck concept, but it’s looking for partners to bring it to reality as it doesn’t currently make semi trucks itself.

And giving out free energy is fun, but it eliminates the whole point of the hybrid. Drivers can either pay for their own electricity, which is more efficient and ought to be cheaper than either gas or hydrogen, or they can go to the hydrogen station for free fuel.

This removes the EV convenience filling up at home, and just makes the vehicle a comparatively inconvenient hydrogen car, which will mostly end up being fueled at one of very few California hydrogen stations instead of in the comfort of the parking spot it returns to every single night. Because why would you fill up at home when hydrogen is free?

Conversely, with a BEV, you could have that convenience, and have more availability of DC chargers on the road, including out-of-state, with little additional charging time (assuming you use one of the fastest charging EVs) – and the EV is more efficient than the hydrogen car to boot.

Which brings up the actual solution to the problem that Honda is trying to solve here: why not just get a battery-electric car instead?

Read More – First drive: Honda says its CR-V e:FCEV plug-in fuel cell hybrid is the future. Is it?

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Here’s what TSLA analysts are saying about Tesla’s big delivery miss

Published

on

By

Here's what TSLA analysts are saying about Tesla's big delivery miss

Most Wall Street analysts covering Tesla’s stock (TSLA) badly misread the automaker’s delivery volumes this quarter. Some of them have started releasing notes to clients following Tesla’s production and delivery results.

Here’s what they have to say:

According to Tesla-compiled analyst consensus, the automaker was expected to report “377,592 deliveries” in the first quarter.

Tesla confirmed yesterday that it delivered only 336,000 electric vehicles during the first three months of 2025.

Advertisement – scroll for more content

  • Cantor Fitzgerald was the first analyst firm to issue a note after the release. They reaffirmed their overweight rating with a $425 price target. As we previously reported, Cantor has some major conflicts of interest with Tesla and CEO Elon Musk.
  • Truist Securities maintained its hold rating on Tesla’s stock, but it greatly lowered its price target from $373 to $280 a share. They insist that while their earnings expectations have crashed because they overestimated deliveries, investors should focus on Tesla’s self-driving effort, which they see as “much more important for the long-term value of the stock.”
  • Goldman Sachs lowered its price target from $320 to $275 a share. The firm expected 375,000 deliveries from Tesla in Q1 and therefore had to adjust its earnings expectations with almost 40,000 fewer deliveries.
  • Wedbush‘s Dan Ives, one of Tesla’s biggest cheerleaders, called the delivery results “disastrous”, but he reiterated his $550 price target on Tesla’s stock.
  • UBS has reiterated its $225 price target which it had lowered last month after adjusting its delivery expectations in Q1 to 367,000 – one of the more accurate predictions on Wall Street.
  • CFRA‘s analyst Garrett Nelson reduced his price target from $385 to $360 a share.

Electrek’s Take

I find it funny that most of them are maintaining or barely changing their expectations after they were so wrong about Tesla in Q1.

If you were so wrong in Q1, you should expect to be incorrect also for the rest of the year, and readjust accordingly.

But Cantor is invested in Tesla, and the firm is owned by Elon’s friend, who happens to now be the secretary of commerce. Truist still believes Elon’s self-driving lies, Goldman Sachs overestimated Tesla’s deliveries by the equivalent of $2 billion in revenues, and Dan Ives is Dan Ives.

Covering Tesla over the last 15 years has confirmed to me that most Wall Street analysts have no idea what they are doing – or at least not when it comes to companies like Tesla.

Do you know any who have been consistently good lately? I’d love suggestions in the comment section below.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending

Published

on

By

Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending

The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit.

Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments company PayPal fell 8%. American Express and Capital One each tumbled 10%, and Discover was down more than 8%.

President Trump on Wednesday laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Trump said his plan will set a 10% baseline tariff across the board, but that number is much higher for some countries.

The announcement sent stocks reeling, wiping out nearly $2 trillion in value from the S&P 500, and pushing the tech-heavy Nasdaq down 6%, its worst day since the start of the Covid-19 pandemic in 2020.

The sell-off was especially notable for companies most exposed to consumer spending and global supply chains, including payment providers and lenders. Fintech companies that rely on transaction volume or installment-based lending could see both revenue and credit performance deteriorate.

“When you go down the spectrum, that’s when you have more cyclical risk, more exposure to tariffs,” said Sanjay Sakhrani, an analyst at Keefe, Bruyette & Woods, citing PayPal and Affirm as businesses at risk. He said bigger companies in the space “are more defensive” and better positioned.

Visa, Mastercard and Fiserv held up better on Thursday.

Dan Dolev, an analyst at Mizuho, said bank processors such as Fiserv are less exposed to tariff volatility.

“It’s considered a safe haven,” he said.

Affirm executives have previously said rising prices might increase demand for their products. Chief Financial Officer Rob O’Hare said higher prices could push more consumers toward buy now, pay later services.

“If tariffs result in higher prices for consumers, we’re there to help,” O’Hare said at a Stocktwits fireside chat last month. Affirm CEO Max Levchin has offered similar comments.

However, James Friedman, an analyst at SIG, told CNBC that delinquencies become a concern. He compared Affirm to private-label store cards, and pointed to historical trends in credit performance during downturns, noting that “private label delinquency rates run roughly double” in a recession when compared to traditional credit cards.

“You have to look at who’s overexposed to discretionary,” he said.

Affirm did not provide a comment but pointed to recent remarks from its executives.

Continue Reading

Environment

Mazda’s $20,000 Chinese EV is about to launch overseas and a new SUV is up next

Published

on

By

Mazda's ,000 Chinese EV is about to launch overseas and a new SUV is up next

Wait, Mazda sells a real EV? It’s only in China for now, but that will change very soon. The first Mazda 6e built for overseas markets rolled off the assembly line Thursday. Mazda’s new EV will arrive in Europe, Southeast Asia, and other overseas markets later this year. This could be the start of something with a new SUV due out next.

Mazda’s new EV rolls off assembly for overseas markets

The Mazda EZ-6 has been on sale in China since October with prices starting as low as 139,800 yuan, or slightly under $20,000.

Earlier this year, Mazda introduced the 6e, the global version of its electric car sold in China. The stylish electric sedan is made by Changan Mazda, Mazda’s joint venture in China.

After the first Mazda 6e model rolled off the production line at the company’s Nanjing Plant, Mazda said it’s ready to “conquer the new era of electrification with China Smart Manufacturing.”

Advertisement – scroll for more content

The new global “6e” model will be built at Changan Mazda’s plant and exported to overseas markets including Europe, Thailand, and other parts of Southeast Asia.

Mazda calls it “both a Chinese car and a global car,” with Changan’s advanced EV tech and Mazda’s signature design.

Mazda-first-EV-overseas
Mazda 6e electric sedan during European debut (Source: Changan Mazda)

Built on Changan’s hybrid platform, the EZ-6 is offered in China with both electric (EV) and extended-range (EREV) powertrains. The EV version has a CLTC driving range of up to 600 km (372 miles) and can fast charge (30% to 80%) in about 15 minutes.

Mazda’s new EV will be available with two battery options in Europe: 68.8 kWh or 80 kWh. The larger (80 kWh) battery gets up to 552 km (343 miles) WLTP range, while the 68.8 kWh version is rated with up to 479 km (300 miles) range on the WLTP rating scale.

At 4,921 mm long, 1,890 mm wide, and 1,491 mm tall, the Mazda 6e is about the size of a Tesla Model 3 (4,720 mm long, 1,922 mm wide, and 1,441 mm tall).

Mazda said the successful rollout of the 6e kicks off “the official launch of Changan Mazda’s new energy vehicle export center” for global markets.

The company will launch a new SUV next year and plans to introduce a third and fourth new energy vehicle (NEV).

Although prices will be announced closer to launch, Mazda’s global EV will not arrive with the same $20,000 price tag in Europe as it will face tariffs as an export from China. Mazda is expected to launch the 6e later this year in Europe and Southeast Asia. Check back soon for more info.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending