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Velotric continues to impress me with each new launch, and the Velotric Fold 1 has no plans to ruin that streak. Having spent some solid saddle time with the bike now, I can tell you that this is one of the best electric folders out there right now for e-bike shoppers on a budget.

Don’t believe me? You’ll understand when you see it in action. Check out my video review below to see what I mean. And then continue on below for my complete thoughts on this impressive e-bike.

Velotric Fold 1 video review

Velotric Fold 1 tech specs

  • Motor: 750W (1,050W peak-rated) rear hub motor with 70Nm of torque
  • Top speed: 28 mph (50 km/h)
  • Range: Claimed up to 55 miles (up to 88 km)
  • Battery: 48V 608Wh
  • Weight: 63 lb (28.6 kg)
  • Load capacity: 440 lb (200 kg)
  • Frame: Aluminum alloy
  • Tires: 20×3.0″ semi-fat tires
  • Brakes: Dual-piston hydraulic disc brakes on 180mm rotors
  • Price: US $1,149
  • Extras: LCD display, 5 pedal assist levels, front and rear LED light with brake light, front coil spring suspension, kickstand, internally routed cables, removable battery, cadence sensor, UL-compliant battery and e-bike system

In one word: Impressive

This e-bike definitely impressed me, plain and simple.

It’s a fairly unassuming bike and doesn’t outwardly look like it should be that special, but it hides away several key features that have definitely won me over. And that’s coming from someone who has tested literally hundreds of e-bikes over the last few years.

First of all, let’s talk about safety. The bike is certified for UL 2849, which covers the battery, motor, controller, wiring, charger, and basically everything else in the electrical system. The bike is also certified to the ISO 4210 standard, which includes all of the mechanical tests associated with e-bikes. So they’ve covered their bases more than most companies on the mechanical and electrical side of things.

Next, the bike just rides really nicely. The 28 mph is nice, but so many e-bikes are Class 3 these days that you need more than just a 28 mph speed to impress me.

The bike actually feels good at those speeds, partly due to the choice to include 3.0-inch semi-fat tires. These are more nimble than full 4.0-inch fat tires, yet offer better cushion than common 2 or 2.5-inch tires. When combined with the front suspension fork (which is alright but not exactly a showstopper component), the bike has some quite good shock absorption underneath it. The geometry also keeps the bike from feeling too squished in the cockpit, which can happen with some folding e-bikes.

Now let’s keep in mind that this is a $1,149 e-bike here, and so I’m not saying these are fancy Maxxis tires or high-end RockShox suspension – neither is true. But for the price, the ride and the feel impressed me right out of the gate. The bike just rides smoothly and feels wonderful underneath me.

Continuing on, the touch points all feel good. The saddle is comfortable for me, the buttons for the controls are easily accessible for a quick thumb jab, and the LCD screen is super bright. I had gotten used to Velotric’s nicer color screen on the company’s higher-end e-bikes, so I was worried at first about “downgrading” back to a simple black-and-white LCD screen. But I was amazed at how bright and easy to read the screen is.

You can see from my riding footage (screenshot below) that even in direct sunlight while barrelling down the road, the display is vivid and not washed out.

Many LCD screens are difficult to read unless you’re in the shade or have overcast skies. But this screen’s big digits and bright backlight make it incredibly visible.

Is the Velotric Fold 1 a Lectric XP 3.0 competitor?

Velotric doesn’t explicitly state this the way some other e-bike companies do, but yes, this e-bike is meant to compete against the Lectric XP 3.0, which is currently the best-selling e-bike in the US. And I’d say it gives that bike a serious run for its money.

Not only does it look nicer with the beautiful blue color option (though I guess the gray and white options from Velotric are alright too), but it has some real advantages on the use side. It’s easier to fold and you can take the battery out without folding the bike, which is great for anyone who wants to charge the battery off of the bike. I love the XP 3.0, but pulling the battery out when you don’t plan to completely fold the bike is a bit of a pain.

The Velotric Fold 1 still costs $100 more than the base XP 3.0, but it’s got some compelling advantages, not to mention the bigger battery. And as someone who loves bright e-bike colors, that shiny blue is worth something right there!

What would I improve?

No e-bike is without fault in my eyes, and so I can always find room for improvement. On the Velotric Fold 1, I’d have loved to see a slightly larger battery and a torque sensor for smoother pedal assist. But I can understand that both of those would be tricky while maintaining the current price tag.

I also wish they had included the Apple FindMy feature that they have in their higher-dollar e-bikes, though again, I certainly understand that some sacrifices must be made to keep this e-bike so affordable.

What’s the summary?

While the Velotric Fold 1 isn’t perfect, I find that when it is judged within its price class, it’s a serious top contender. The bike is equal parts fast yet comfortable, peppy yet controllable, and simple yet refined.

It’s easy to fold and not overly heavy (though it’s hard to call a 63-lb e-bike “lightweight”), and it’s pretty darn easy to toss it in the back of a car when you want to take it with you on a trip.

With hydraulic brakes, included rack and fenders, and full LED lighting, it’s got all the components I want to see on my everyday commuter e-bikes, yet is ready for more than just commutes. It can carry cargo and serve as a fun urban adventure bike, too.

The bike does make a few sacrifices to reach its attractive US $1,149 price tag, but I’m ok with those small compromises because the sum here is greater than the parts. And that’s what I’m always looking for: an e-bike that adds up to something that can meet my needs and feels good while doing it.

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Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

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Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

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.

lectric xp 3.0 hydraulic
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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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

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.

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Chicago plans more, and more equitable public charging as EV sales climb

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Chicago plans more, and more equitable public charging as EV sales climb

Electric vehicles’ share of the market continues to climb in America’s second city, with BEV registrations up more than 50% in the first quarter of 2025 compared with the same period last year. Great news, but charging hasn’t up – but a new plan from Chicago Department of Transportation aims to build up enough infrastructure for the city to keep up.

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

Chicago Drives Electric | ComEd Press Conference
ComEd press conference at Chicago Drives Electric, 2024; by the author.

I hate to sound like a bed-wetting liberal here, guys, but Chicago is getting EVs absolutely right with big utility incentives on both vehicles and infrastructure, a governor willing to stand behind smart environmental policy, and a solid push for more and better infrastructure in the areas where they’ll do the most good. They’re even thinking of the children.

Here’s hoping more cities follow suit.

SOURCE: ComEd, via Smart Cities Dive; featured image by EVgo.

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