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Canada has secured more than $50 billion in EV-related investment over the past three years, all gearing up for US demand, with Canada’s economy “deeply intertwined” with the US – but Trump may throw a major wrench into the plan.

As newly elected president Donald Trump soon returns to the White House, Canada is now facing a mountain of worries and what-ifs, particularly in the auto sector, from possible new tariffs on Canadian-made vehicles to a breakdown in electrification policy, shifting the market completely. Plus the country could see 60 years of “cross-border automotive consensus” come to a screeching halt, reports Automotive News in an in-depth look at the issue.

“We’re so intertwined. Half of the vehicles made in Canada are made by American companies,” Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, told Automotive News. “If he cuts out Canada – pulls it out of the [United States-Mexico-Canada Agreement], puts up a tariff wall – he’s hurting General Motors, Ford and then assets of Stellantis … He’s hurting American parts companies, American materials suppliers.”

A lot of possibilities are at play, including a 10% tariff on global imports into the US, which would cut tens of billions of dollars out of Canada’s GDP, and those cuts will especially hurt the auto sector, the report said.

Prime Minister Justin Trudeau jumped into action to congratulate Trump after the win, nudging that two countries have “deeply intertwined” economies, with Ottawa now at work tackling critical cross-border issues.

Trump, who has been eager to denigrate EVs, has said that he’ll make quick work of rescinding Biden’s Inflation Reduction Act, which has put billions of dollars into battery supply chain projects. He has said too that vehicles made in Mexico would see as much as a 200% tariff, and vehicles from China, Europe, and elsewhere will likely see higher tariffs.

Of course, billions of dollars in investments into EV production under the IRA have been taking place in red states, such as South Carolina, Ohio, and Georgia, so it’s unlikely he’d be willing to take away investment and jobs from his core constituents.

After the election news yesterday, US EV makers Tesla, Lucid, and Rivian, and EV battery maker LG have all said that they are ready to work with Trump to ensure EV technology continues on pace – but that will mean or how it will work is not yet clear.

Of course, Musk’s role in all of this and his sway on Trump is yet to be determined, and that will have far-reaching impact on countries like Canada – “You might see some sort of moderating effect there that they can’t walk away from [EV supports] completely because that will make life really tough for Tesla,” said Brendan Sweeney, managing director of the Trillium Network for Advanced Manufacturing.

Detroit’s Big Three – Ford, GM, and Stellanis – all have heavy footprints in Canada, with thousands of unionized auto workers there, so Trump’s decisions will impact not only those companies but a range of part suppliers as well.

This week, BYD has decided to stall its plans to enter Canada, likely deterred by the country’s 100% federal tariffs on EVs imported from China and looming decisions coming from the US. The move puts a pin on the plan after months of legwork over the summer, with BYD execs meeting with dealers across Canada to discuss a possible distribution network of the brand’s vehicle and talking with lobbyists on how to get the federal government on board.

Back in August, Prime Minister Justin Trudeau told reporters that the government would follow the US’s plan to impose stiff tariffs on EV imports from China.

Of course, getting mines for critical minerals up and running on the home front is top of mind for Canada, to cut China out of the equation, said Brian Kingston, CEO of the Canadian Vehicle Manufacturers’ Association, according to the report. The goal here is to prove that Canada is doing its part to “decouple” from China to avoid tariffs, which he says won’t be easy, but “we have to show the Americans that we are ready to go.”


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E1 shares season 2 electric boat racing calendar after Team Brady wins the inaugural championship

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E1 shares season 2 electric boat racing calendar after Team Brady wins the inaugural championship

Young electric boat racing series E1 capped off its inaugural season last month with the first championship going to a team led by someone who knows how to win – Tom Brady. As we approach the new year, E1’s focus is on season 2, and it has shared the tentative racing calendar, which includes seven Grand Prix events scattered worldwide, including a race in the USA.

The UIM E1 Championship Series is an electric boat racing league that recently capped off its inaugural season. E1’s season 1 calendar initially consisted of eight scheduled Grand Prix, where its initial nine teams, led by owners like Rafael Nadal, Will Smith, and Marc Anthony, battled every couple of months for a chance to raise the first-ever E1 trophy.

As a nascent league, the E1 Series shifted its schedule several times in the past year. The league’s initial start was pushed, but several events ended up being locked in for competition around the globe.

Events originally planned for Geneva and Rotterdam were nixed mid-season, but the E1 racing teams have competed in five Grand Prix, including Jeddah, Venice, Monaco, and most recently, Lake Como. The E1 Championship was scheduled to take place in Hong Kong in November, but E1 ended up switching the date and location of that season finale to TBC before skipping it altogether.

As such, Team Brady, led by NFL legend Tom Brady, ended the shortened E1 season 1 racing calendar with the most points and was awarded the UIM Championship trophy. We asked a representative why the championship event in Hong Kong was no longer happening and were told that E1 decided it was in its best interests to conclude season 1 after the fifth event in Lake Como and shift its focus to season 2, with an exciting calendar of events to be announced “very soon.”

In early October, before we got details of an official racing calendar for season 2, E1 shared one confirmed location for a Grand Prix in 2025 – Doha in Qatar. Today, E1 has shared its full tentative racing calendar for season 2, and while some events remain TBD, there are some exciting locations on the schedule, including an event in the US.

E1 racing calendar
Source: E1 Series

E1’s season 2 racing events include Monaco and USA

The UIM E1 Championship announced its tentative racing calendar for season 2 this morning, including Grand Prix events returning to coastal areas like Jeddah, Monaco, and Lake Como and some new races in places like Doha and the US. E1 co-founder and CEO Rodi Basso spoke:

‘To see our revolutionary electric racing series come to life in season one was an incredibly special feeling. E1’s growth and expansion across the globe shows that it has arrived as a truly global sport. The inclusion of new race locations in Qatar and the United States in season two, with more to come, is a testament to the growing interest and investment in the championship and we are looking forward to taking the sport to new audiences.

Season 2 will kick off in January 2025 with a Grand Prix electric boat racing weekend in Jeddah, Saudi Arabia. Here’s the current E1 racing calendar:

Grand Prix Location (Provisional) Dates
E1 Jeddah GP, Saudi Arabia January 24-25, 2025
Visit Qatar E1 Doha GP February 21-22, 2025
TBA April, 2025
E1 Monaco July 18-19,2025
E1 Lake Como GP, Italy August 22-23, 2025
TBA October, 2025
TBA – USA November, 2025

E1 shared that it will continue to accelerate preparations for season 2 and share more details of the 2025 racing calendar soon, alongside news of additional Racebird teams. E1 co-founder and chairman Alejandro Agag also spoke about the league’s upcoming second season:

Our mission in season one was to revolutionize and set a new standard for racing on the water. We are pleased to unveil the season two calendar and to continue to drive towards our mission and expand on this success. The calendar sees an inclusion of new cities around the world who are aligned with our vision of building a sustainable sport, and passionate about E1.

While the racing calendar has not revealed it yet, E1 shared that the season 2 championship will take place in a US city to be announced in December 2024. We are not sure if this is still the plan, but when E1 announced musical artist Marc Anthony was joining the league in December 2023 as the owner of Team Miami, it shared that Anthony’s company, Magnus, would help facilitate and host a Grand Prix in the team’s home city during season 2. If and when that event occurs, it will be E1’s debut in the US.

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Hyundai’s upgraded 2025 IONIQ 5 starts at under $44,000 with more range and an NACS port

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Hyundai's upgraded 2025 IONIQ 5 starts at under ,000 with more range and an NACS port

Hyundai officially announced prices and EPA range estimates for the new 2025 IONIQ 5. The upgraded IONIQ 5 is Hyundai’s first EV with an NACS port, so you can charge up at Tesla’s extensive Supercharger network. With more range, features, and trim options than ever, the electric SUV is an improvement in every way.

Hyundai shook the internet after unveiling the upgraded 2025 IONIQ 5 in September. The electric SUV has already been a massive hit for the Korean automaker, but the new model is poised to see even more demand.

Prices for the 2025 Hyundai IONIQ start at $43,975, including a $1,475 destination fee. That’s for the base SE RWD Standard Range model with up to 245 EPA-est miles driving range.

For $46,550, the extended range SE RWD trim provides an impressive up to 318 miles driving range.

You can also snag the new XRT trim, loaded with added off-road design features like Terrain Mode and front tow hooks, starting at $56,875. If you’re looking for even more, the range-topping Limited AWD model starts at $58,100 with a full slate of new features.

2025-Hyundai-IONIQ-5-prices
2025 Hyundai IONIQ 5 XRT (Source: Hyundai)

2025 Hyundai IONIQ 5 prices and driving range by trim

The IONIQ 5 is already Hyundai’s best-selling EV, but the upgrades are a drastic improvement over the current model.

Hyundai’s new 2025 IONIQ 5 now comes with a standard Tesla NACS charging port and CSS adaptor, unlocking access to 36,000 DC fast chargers, more than double the amount current drivers have access to.

2025-Hyundai-IONIQ-5-prices
2025 Hyundai IONIQ 5 (Source: Hyundai)

The NACS port will “make the ownership experience and road trips more convenient and enjoyable for our customers,” said Olabisi Boyle, Hyundai Motor North America’s senior VP of product planning.

The new model also gains a bigger battery. Standard models now have 63 kWh battery packs, up from 58 kWh. The long-range models feature an 84 kWh battery, up from the previous 77.4 kWh.

2025 Hyundai IONIQ 5 Trim EV Powertrain Driving Range (miles) Starting Price* 
IONIQ 5 SE RWD Standard Range 168-horsepower rear motor 245 $42,500
IONIQ 5 SE RWD 225-horsepower rear motor 318 $46,550
IONIQ 5 SEL RWD 225-horsepower rear motor 318 $49,500
IONIQ 5 Limited RWD 225-horsepower rear motor 318 $54,200
IONIQ 5 SE Dual Motor AWD 320-horsepower dual motor 290 $50,050
IONIQ 5 SEL Dual Motor AWD 320-horsepower dual motor 290 $53,000
IONIQ 5 XRT Dual Motor  AWD 320 horsepower dual motor 259 $55,400
IONIQ 5 Limited Dual Motor AWD 320-horsepower dual motor 269 $58,100
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)

Hyundai also upgraded the interior and exterior. You can immediately see the exterior design improvements with a redesigned front bumper and headlights, adding to the IONIQ 5’s bold look.

Based on feedback, the interior has been fine-tuned. It includes redesigned HVAC controls and a new center console and steering wheel.

Hyundai-2025-IONIQ-5-interior
2025 Hyundai IONIQ 5 Limited interior (Source: Hyundai)

A 12.3″ center infotainment is at the center of it with wireless Apple CarPlay and Android Auto support.

The 2025 IONIQ 5 is Hyundai’s first vehicle built at its massive new Metaplant America manufacturing plant in Georgia.

2025-Hyundai-IONIQ-5-prices
2025 Hyundai IONIQ 5 (Source: Hyundai)

All US-built IONIQ 5 models qualify for a $3,750 federal tax credit, but Hyundai is offering the full $7,500 through leasing. The 2025 models will begin arriving at dealerships by the end of 2024.

Ahead of its arrival, the 2024 model is still one of the top-selling EVs in the US. The electric SUV helped push Hyundai to its best-ever October US sales last month.

With the new 2025 IONIQ 5 arriving by the end of the year, Hyundai is offering closeout deals on 2024 models. You can use our link to find the best deals on Hyundai’s IONIQ 5 at a dealer near you.

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It’s brutal out there: Audi to slash 4,500 jobs

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It’s brutal out there: Audi to slash 4,500 jobs

Following the news of sweeping cuts at Volkswagen, Nissan, and Stellantis, now VW-owned Audi announced plans to slash its workforce by 15%, with thousands of jobs on the chopping block.

After sweeping layoffs at Volkswagen numbering in the tens of thousands, other jobs within the VW Group are getting the axe, with Audi reportedly considering a dramatic staff reduction to cut costs.

German media Manager Magazin, as per Reuters, reported on the news, adding that Audi plans to safeguard production line positions and focus on “indirect” jobs, such as those in development.

That means 2,000 jobs are on the line, with reductions in other parts of the business trimming off 4,500 people in total from the payroll, according to the report.

Last month, Volkswagen – which currently has 10 plants and 300,000 employees in Germany –reported its plan to close three German plants, the first time in the company’s 87-year history that it is closing factories on its home turf. The plan includes cutting tens of thousands of jobs and slashing pay for 10% of its remaining staff.

Volkswagen-Audi-plant
Audi Q8 e-tron Sportback (Source: Audi AG)

Audi slashing thousands of jobs in Europe

The carmaker also said it would officially close its Audi plant in Brussels where it makes soon-to-be-retired Audi Q8 E-Tron – an €80,000 electric SUV that suffered from low sales –  in a few months. The company announced that it will close the factory on February 28, 2025, with 3,000 workers losing their jobs in the Brussels area.

Audi said that it is in talks with workers’ representatives, but declined to confirm the number of layoffs, Reuters reports.

Audi’s third-quarter sales figures showed a 21% drop in US deliveries to 46,752 units, with almost every model Audi makes showing a dip – except for the e-tron GT EV, which saw a 5% bump to a very modest 673 units, and the Q3 SUV, which saw a 36% increase to 7,422 units.

Things are getting particularly brutal over at Nissan, which is selling part of its stake in Mitsubishi, slashing production capacity, and laying off 9,000 employees.

Back in the US, Stellantis is laying off 1,100 employees from its Toledo Assembly Complex.

Germany, Europe’s largest auto market, is particularly feeling the heat, with a recent study estimating 186,000 jobs could be lost over the next decade as automakers fumble with the transition to EV production. So far, 46,000 autoworkers have lost their job in the country.

It’s grim news, but experts say that the opportunity for new job creation is ripe with potential, as long as Europe remains competitive to still attract investments, reported Euronews. Working against Europe is its high energy costs, which can be up to four times higher than in China and the US. EU tariffs on Chinese-made EVs could also drive up prices and spark tensions, cites the German Association of the Automotive Industry (VDA), according to Euronews.

Of course, not everyone sees it that way: The NGO Clean Transport argues that tariffs are beneficial, in the short term at least, giving the EU auto sector a chance to catch up during the transition.


If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing on solar, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here.

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