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Legacy motorcycle brands are taking bold steps into the electric future, but not all attempts have hit the mark. Can-Am and Kawasaki, both respected for their performance and unique legacies in the gasoline-powered world, have since entered the commuter e-motorcycle market with varying degrees of success, to put it kindly. But now with storied motorcycle brand Royal Enfield set to join the e-motorcycle market, can the much adored brand finally succeed where others have failed?

Can-Am and Pulse aren’t the only legacy motorcycle makers to bravely enter the e-motorcycle market with underwhelming designs, but they’re two very recent examples that highlight the biggest hurdles to existing motorcycle companies attempting to leverage their brand names in a market where the benefits of that lineage don’t always directly apply.

Can-Am’s Pulse comes with a hefty price tag of $14,000 and a relatively modest range, while Kawasaki’s electric Ninja and Z e-1 models are more affordable at around $7,500 but come severely underpowered and with pitifully short range, leaving many to question their appeal.

With Royal Enfield teasing an upcoming commuter e-motorcycle launch soon, could the company find the balance that others have struggled to achieve?

Legacy brands meet the electric age

All three companies—Can-Am, Kawasaki, and Royal Enfield—share a rich history and strong brand identities, though each has taken a unique path to earn its reputation. The three companies established a loyal following through innovation in the motorcycle space, but that doesn’t always translate well into the modern electric age.

Can-Am was well known for its adventure and off-road focus, with its riders frequently taking the top spot on the podium through out the 70s and 80s. Ironically, it was the Japanese brands that largely contributed to unseating Can-Am, as Kawasaki and the other major Japanese motorcycle companies grew in favor in the coming decades. Can-Am winked out in the 80s, just as Kawasaki’s reputation as a powerhouse in sport and performance motorcycles was blooming.

Royal Enfield, with its iconic retro aesthetic and reputation for affordable, no-frills bikes, is now set to enter the electric space. With a rumored commuter model in the works, the company is likely aiming to combine its distinctive design with practical, urban commuting needs. But brand identity only gets you so far—consumers in the commuter electric segment want value, range, and performance, usually in that order.

royal enfield
Royal Enfield showed off a prototype electric motorcycle last year that could evolve into the brand’s first commuter e-moto

Can-Am and Kawasaki’s struggles

Can-Am’s Pulse and Kawasaki’s electric Ninja and Z e-1 have faced criticism for not delivering the full package. At $14,000, the Pulse is seen as an expensive option with a limited range of just 100 miles (160 km) in the city from an 8.9 kWh battery pack, though that range drops quickly when traveling above slower city speeds. At that price, the bike makes it difficult for consumers to justify the cost when compared to other e-motorcycles with similar prices but higher performance.

Put simply, Can-Am is asking a price that pushes it out of reach for many commuters looking for a practical, daily-use bike.

Kawasaki’s approach is different, but it also has drawbacks. With its electric Ninja and Z e-1, Kawasaki offered a much more affordable entry into the commuter segment, starting at around $7,500. With the commuter electric motorcycle market skewed more heavily towards younger, urban riders, that pricing is much more realistic and attractive, especially to new riders who aren’t sure yet whether they want to commit.

However, the trade-off comes in the form of incredibly low power and limited range. The bikes feature a power rating of just 5 kW (6.7 hp) continuous and 9 kW (12 hp) peak. The advertised range of 41 mi (66 km) from a paltry 3 kWh battery drops further at faster speeds, though the bike can’t even go very fast, topping out at either 53 or 63 mph (85 or 101 km/h), depending on the ride mode. This combination of low power, limited range, and slow speed limit simply leaves many urban riders wanting more. And when there are other compelling electric motorcycles, such as the Ryvid Anthem, that can hit faster speeds and higher power levels for a thousand bucks less, the math just isn’t there for Kawasaki.

Though budget-friendly, Kawasaki’s models are viewed as underwhelming attempts to break into the market, falling short of expectations for performance in day-to-day commuting. The brand is built on a reputation for performance, but its first electric offering is largely a diminutive 125cc-equivalent that looks fast until you see it moving.

Again, these aren’t the only two companies that have found themselves in this quandary, but they’re two of the best examples for their failure to appeal on either end of the spectrum. By contrast, Harley-Davidson’s electric motorcycle brand LiveWire isn’t a financial success either yet, but has largely been met with praise for its combination of design and performance. The LiveWire Del Mar bike is priced at only slightly more than Can-Am’s entry-level model, yet offers twice the power, a larger battery, and significantly better performance (including a thrilling 0-60 mph time of 3.1 seconds). Thus, the bike actually delivers on performance while still meeting the needs of a commuter-type rider – even if its $15,499 price tag still keeps it out of the reach of most younger riders.

Royal Enfield’s opportunity

This leaves the question: can Royal Enfield strike the right balance? The Indian brand has an opportunity to fill the gap that both Can-Am and Kawasaki have left open—an affordable e-motorcycle with practical commuter performance. Royal Enfield is reportedly preparing to reveal a retro-styled electric motorcycle, a hallmark of the brand’s identity, but the critical factor will be how it pairs affordability with real-world commuter needs.

The brand has built its legacy on affordability and reliability, two things that are absolutely critical to commuter riders who depend on their bikes as workhorses, not playhorses.

If Royal Enfield can offer a model that provides adequate range and power at an accessible price point, it could become a strong contender in the commuter e-motorcycle market. Unlike Can-Am’s premium pricing or Kawasaki’s underpowered offering, Royal Enfield’s reputation for affordable yet reliable motorcycles could position it to succeed where others have stumbled.

Royal Enfield teases its upcoming electric motorcycle

A new era for commuting

While it’s too early to say if Royal Enfield’s electric motorcycle will hit the sweet spot, the market is watching closely. Can a company that has traditionally thrived on simple, gasoline-powered machines deliver an electric bike that meets the needs of modern commuters? As Can-Am and Kawasaki’s efforts have shown, it’s not enough to have a strong brand name. Success in the electric market depends on offering real-world performance that matches consumer expectations for practicality and cost.

Royal Enfield has a lot of potential in this space, but whether they can do what Can-Am and Kawasaki could not—create an electric commuter motorcycle that is affordable, well-performing, and desirable—remains to be seen.

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More Iran sanctions and ‘drill baby, drill’: Oil market’s future is still uncertain under Trump

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More Iran sanctions and 'drill baby, drill': Oil market's future is still uncertain under Trump

Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018.

Luke Sharrett | Bloomberg | Getty Images

U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices.

But it’s not that straightforward: Trump who was announced Wednesday as the winner of the 2024 election, has also vowed to put more sanctions on Iranian and Venezuelan barrels, meaning the global market could become tighter, potentially boosting prices.

At the same time, the increased likelihood of trade wars under Trump could dampen global economic growth and slow oil demand. So the picture for the market’s longer-term outlook is, well, decidedly mixed.

“Conceptually, the impact of a potential second Trump term on oil prices is ambiguous, with some short-term downside risk to Iran oil supply … and thus upside price risk,” Goldman Sachs commodities analysts wrote in a research note Monday. “But medium-term downside risk to oil demand and thus oil prices from downside risk to global GDP from a potential escalation in trade tensions.”

The U.S. has a 'clear competitive advantage' on energy, says TotalEnergies CEO

Trump expressed his enthusiasm for increased U.S. oil production while giving a speech from the Republican campaign headquarters in Florida on Wednesday, just hours before his victory was confirmed. He made a reference to Robert F. Kennedy, Jr., the independent candidate who he said would become a part of his team.

“Bobby, stay away from the oil, stay away from the liquid gold!” Trump said in a joking tone. “We have more than Saudi Arabia and Russia.” Kennedy is known for his history of environmental activism.

U.S. oil and gas production hit record highs under the Biden administration, which gradually changed its approach to the industry despite campaigning on pledges of environmental stewardship.

U.S. crude futures — both West Texas Intermediate and international benchmark Brent crude — are currently trading in the $70 to $75 per barrel range, which is lower than what many oil producers seek to balance their costs and budgets amid slowed global demand for oil and growing supply.

Energy sector is the best sector under Biden

But a further push to open drilling projects, putting more supply on the market, would lead to lower prices, thereby decreasing revenues for American producers, said Cole Smead, president and CEO of Smead Capital.

“If the Trump administration opens up federal leases for oil and gas, Federal lands would get 25% per barrel of revenues. You will have a lot of trouble finding an oil company that can make money at $52.50 per barrel with what they have left from a $70 barrel,” Smead said in emailed notes. “The only thing that will cause drill baby drill to happen is higher oil prices based on these margins.”

“Drill baby, drill is going to run into the energy vigilantes,” he added. “Now that equity investors in the energy business know what free cash flow looks like they won’t give it up. They will allow capital expenditures to go up over their dead body.”

‘Clear competitive advantage’

The U.S. is the world’s largest oil producer, accounting for 22% of the global total, according to the Energy Information Administration, with Saudi Arabia next, producing 11%. The vast majority of U.S. crude is consumed within the country, which is also the world’s largest oil consumer.

The CEO of French oil major TotalEnergies told CNBC over the weekend that whoever wins the presidency should ensure that the U.S. doesn’t lose its energy advantage.

“U.S. energy has been unleashed … since the last two, three years, production of oil has never been so high,” in the country, Patrick Pouyanne told CNBC in Abu Dhabi.

“For me, today, the U.S. has a clear competitive advantage on energy compared to many [in the] rest of the world,” he said. “So I will be surprised to see whoever is elected lose the competitive advantage.”

OPEC always plays the long game, Energy Aspects' Amrita Sen says

Many in the market forecast lower crude prices due to Trump’s encouragement of domestic oil production and greater supply. Amrita Sen, founder and director of research at London-based Energy Aspects, sees it differently due to the specter of sanctions.

“Every hedge fund I’ve spoken to thinks bearish, because [Trump has] tended to tweet about low oil prices … I actually think it’s the opposite,” she said. “There’s an enormous amount of sanctioned barrels right now in the market, especially Iranian volumes.” Iran is currently producing 3.5 million barrels per day of crude or more, Sen said, with 1.8 million of those being exported, as sanctions and their enforcement loosened under the Biden administration.

“You could lose a million barrels per day of that … when Trump was in power, Iranian exports were just 400,000 barrels per day,” Sen said. “Now I’m not saying it’s going to go down all the way, because smuggling networks are bigger and better probably now, but you could lose a million there,” she said, adding that some Venezuelan barrels could go off the market as well.

For Smead, the outlook is bearish, as he predicts lower prices putting many producers — particularly those with higher production costs — in a less-than-ideal situation.

“The price of goods that are produced is the number one factor in America’s policies,” he said. “If you are not the low-cost producer, you should be scared.”

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Toyota will hold off on EV investment decisions until ‘the very last moment’ as profits slip

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Toyota will hold off on EV investment decisions until 'the very last moment' as profits slip

Toyota is tightening the reins after seeing its first quarterly profit drop in two years. To maintain profits, Toyota plans to “hold off on investment decisions until the very last moment,” including EV and hybrid investments.

Toyota announced that its operating income in the first half of fiscal 2025 fell to around $16 billion (2.64 trillion yen).

In the second quarter, operating profit slipped 20% to about $7.55 billion (1.16 trillion yen), Toyota’s first quarterly profit loss in two years.

The lower profits are due to fewer car sales caused by certification issues that caused Toyota to pause production of its popular Yariss Cross and Corolla Fielder in Japan. A Prius recall in the US also led to fewer cars being sold globally.

As a result, Toyota’s global output fell for the first time in four years in the first half of fiscal 2025. Toyota built 4.71 million vehicles, down 7% from its record 5.06 million vehicles produced last year.

Toyota’s domestic output fell 9.4%, while overseas production dropped 6%. The company was hit especially hard in China, where domestic automakers like BYD continue squeezing foreign automakers out of the market with competitive, low-cost EVs.

Toyota-EV-investments
2024 Toyota bZ4X (Source: Toyota)

Toyota to hold off on EV investments until last moment

Although Toyota said production is expected to recover in the second half of the fiscal year, the full-year total is expected to be 9.4 million, which is 100,000 vehicles less than last year.

Toyota’s vice president, Yoichi Miyazaki, outlined how Toyota plans to maintain operating income while still investing in the company’s future.

Toyota-EV-investments
Toyota Land Cruiser Se EV concept (Source: Toyota)

With EV and other next-gen tech investments dragging down profits, Toyota will “hold off on HEV, PHEV, BEV, or FCEV” investment decisions until “the very last moment,” Miyazaki said. The company plans to closely monitor the market before making a decision.

Meanwhile, the company is still advancing new tech, including advanced EV batteries. Toyota’s vice president confirmed the company is developing three types of EV batteries in-house: Ternary, LFP, and all-solid-state.

Toyota-EV-investments
Toyota EV battery roadmap (Source: Toyota)

In March, Toyota’s battery unit (Toyota Battery) became a wholly owned subsidiary. The company said the move helps “optimize timing” and is crucial for mass-producing different types of batteries.

“There are two main things we want to accomplish,” Miyazaki explained. The first “is to increase how quickly we can respond to environmental changes in an age in which it is hard to predict the future.” Secondly, it is “to improve the fundamental capabilities that will enable us to carry on into the future.”

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Trump wins, automakers worry, but BMW says it’ll be OK

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Trump wins, automakers worry, but BMW says it'll be OK

Donald Trump wins a second presidential term, and BMW’s CEO Oliver Zipse came out with some quick remarks – amid what is likely panic among European automakers – that BMW will be fine because of its “very, very large footprint in the US.” Meanwhile, BMW’s profit margins hit a four-year low.  

European automakers are now assessing the Trump victory and what that may mean for their businesses, as shares plummet today due to fears over escalating trade disputes. It’s no secret Trump’s stance on electric vehicles – despite bringing Elon Musk into the fold – and foreign goods, and his second term will likely see an unraveling of Biden’s investments in green energy, a rolling back on EV mandates and other policies aimed at cutting CO2 emissions alongside stricter tariffs on foreign-made vehicles, and a total abandonment of US involvement in the Paris Climate Accords. Of course, the news this morning hit hard for some automakers in Europe, adding to a mountain of problems amid low sales in key markets, both at home in Europe and in China.  

But Zipse says BMW can likely breathe a sigh of relief since the company has even “more of an advantage” despite what will be higher tariffs due to having a huge footprint in the US, Reuters reported.

The remarks came this morning central Europe time after Trump proclaimed he had taken the win, with Zipse presenting BMW’s third-quarter results. “In this respect, we shouldn’t be too nervous about what might happen,” Zipse said.

BMW has the group’s largest factory in Spartanburg, South Carolina, in addition to 30 locations around the country in 12 states, the report said.

BMW’s third-quarter profit fell 61% to 1.7 billion euros ($1.82 billion) due to lagging sales in China, the US, and Europe, Reuters reported. Bloomberg also reported that “BMW AG’s main measure of profitability fell to the lowest in more than four years in the third quarter,” the fallout from the massive recall of 1.5 million vehicles due to a faulty braking system supplied by Contential and weak demand in the Chinese market. Still, despite these hardships, BMW has said that it increased its sales of fully electric vehicles by +19,1% in the first nine months of this year, with a total of 294,054  BEVs delivered. BMW added that sales of BEVs rose by +22.6% to 266,151 vehicles, with the Mini brand seeing its fully-electric vehicle sales grow by +54.3% in the third quarter.

We’ll likely hear some response from other automakers on Trump’s win soon. “We’re expecting that it will be difficult for car makers and exporters this morning,” Nicolas Forest, chief investment officer at Candriam, told Reuters. “Trump could implement tariffs through executive orders, so for German carmakers or French luxury groups, everything Europe exports, it’s a risk.”

The election news is extremely fresh, but Trump has suggested a 10% or more tariffs on goods imported into the US, while giving him the option to set higher tariffs on certain countries that have put tariffs on US imports. He has suggested imposing as high as 200% tariffs on some imported cars, and wants to keep cars from Mexico out of the country. China’s BYD, for one, has paused its plan to build a factory in Mexico, which would be a key production site for access into the US, until after the election. BMW plans to start building its next-gen BEVs dubbed the “Neue Klasse” in Mexico in 2027.

Trump of course has China in his crosshairs and plans to phase out Chinese imports during his second term, while also prohibiting Chinese companies from owning US real estate and infrastructure in the energy and tech sectors.

Photo: BMW  


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