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Lectric Ebikes has long set the standard for other companies to follow in the budget electric bicycle space, continuously rolling out new models that offer never-before-seen value. A new cargo e-bike with more features? They did it. A new off-roader with better components? They did that, too. But what about the company’s best-selling model, the Lectric XP 3.0 folding fat tire e-bike? It’s due for an update, and here’s what you can expect.

Believe it or not, it’s been over two years since the Lectric XP 3.0 was launched in early November 2022. That model has since dominated the industry, giving riders with an under $1,000 budget better bang-for-their-buck than ever before as it rose to the top of the US bestselling e-bikes list.

With 28 mph (45 km/h) speeds, hydraulic disc brakes, suspension, built-in rear rack, heavy-duty cargo/passenger capabilities, and multiple battery sizes, it’s become the go-to $999 electric bike for thousands of new riders every month. It’s even a personal favorite of mine. I’ve put my family members on XP 3.0s, I’ve bought multiple XP 3.0s to donate to the underprivileged, and it’s the model I chose when I went undercover as a food delivery worker to see the world through e-bike couriers’ eyes.

But nothing lasts forever, and two years is a long time in the electric bicycle industry. We don’t yet know quite when a Lectric XP 4.0 will come to replace the US’ current best-selling electric bike model, but you’d better believe that Lectric’s designers in Phoenix have been whiteboarding ideas for a while now. And I’d bet dollars to donuts that these are some of those ideas.

Upgrades in component quality

With every new launch this year, we’ve watched Lectric eBikes flex its purchasing power by bringing us higher quality components than we deserve at these price levels. The XPeak routinely gets oddly high-tier forks. The Lectric One received a transmission that probably costs as much as the whole bike if you were to try to buy it retail. And the Lectric XP Lite 2.0 offers a Gates belt drive for under $900. This is all absurd, or at least it used to be until Lectric started waving its wallet around at the offices of higher-end component makers that aren’t used to seeing customers in this affordable price range.

That means the Lectric XP 4.0 is likely to benefit from that same purchasing power. I can foresee major upgrades including a higher-end suspension fork, better hydraulic disc brakes, and likely even a torque sensor for improved pedal assist. I don’t imagine the derailleur will make a huge jump in quality (maybe just an 8-speed Shimano Tourney?), but a color screen is likely in the cards, as are nicer bolt-on grips and other comfort enhancements. We may even see better suspension seat posts and nicer tires.

But for the love of all things holy in this world, if those do-gooders on Utopia Rd even think about touching that right side half-twist throttle, then by the beard of Zeus we’re going to have words…

Touch my half-twist and I’ll come for you…

More power?

There’s a real chance that the XP 4.0 could be more powerful, especially since Lectric has become quite fond of its M24 electric motor, which has graced models like the XPeak 2.0 and XPedition 2.0. That 750W motor puts out just over 1,300W of actual electrical power, due in no small part to Lectric’s assistance on using higher current electronic speed controllers than most of its competitors.

In fact, the Lectric XP 3.0 is probably the most powerful “500W” e-bike around right now, but that doesn’t mean it will always remain in the five hundred club.

A power increase isn’t a given, and Lectric may still reserve that higher-power motor for its more premium models. After all, they can’t just give us all the good stuff at such a low price. Or can they?

No price change

Speaking of price change, I find it incredibly hard to believe that the XP 4.0 would launch at anything other than US $999. Lectric has only ever changed the price of this model once, increasing it from the original $899 of the XP 1.0 to the $999 of the XP 2.0. Ever since, they’ve steered clear of price increases on the XP line.

Lectric’s Co-founder and CEO Levi Conlow recently explained at the Micromobility America 2024 conference that whenever the company’s increasing efficiency causes the margins to creep “too high” (a foreign concept to most brands), they either lower the price or release a new version of the bike with more features. And so that’s likely exactly what the 4.0 will prove to be – another $999 e-bike, but this time with even more features.

Design and build

I don’t expect we’ll see any huge design changes to the structure of the bike. Sure, there will be a new frame. But I expect the company to retain the same boxy tube structure they’ve used ever since the brand’s first XP bike rolled out in late 2019. They even use it on their XPedition cargo bike despite there being no real reason for it (the batteries aren’t housed inside the frame) other than design continuity with the Lite, XP, and XP Trike lines.

What we are likely to see in the design department are minor updates for improved strength and ruggedness. Lectric has been investing more heavily in third-party certifications, including both structural frame testing and electronic certifications like UL compliance. That’s likely to continue with the XP 4.0, meaning we could see improved certification indicating even more confidence in the bike’s ability to haul cargo and passengers.

The color scheme is unlikely to change heavily. Black and white have been the XP’s MO for years now, and even that’s an improvement from when they were only available in white. We’ve of course seen splashes of Lectric’s blue accent color on most of the brand’s models, and the XP 4.0 is unlikely to be different in that regard. But expect it to be more along the lines of the new XPedition 2.0’s color swatch design, not a radical color departure.

lectric xp change battery

Fancy features?

This one is a bit of a wild card, and I don’t expect Lectric to go overly nuts with fancy features. I don’t think we’re going to be getting any crazy phone apps or wireless charging through the kickstand anytime soon. But we just might see the inclusion of value-added features like tracking for anti-theft.

This could be done fairly easily through the use of existing technology like the Apple FindMy network – something that Lectric’s competitor Velotric has leveraged beautifully. Such a feature would likely add little cost but could be of major value. In fact, I recently tried to plant that exact bug in Lectric Co-founder Robby Deziel’s ear. Robby has been wrist-deep in the design of these e-bikes since as early as 2019, when he personally helped me with the wiring on one of the first Lectric XPs ever. So let’s see if he listens on the integrated tracker idea.

Do it. It’s not like you guys haven’t looked left and right for ideas before

When is the Lectric XP 4.0 coming?

I pride myself in having a bit of a crystal ball for the electric bike industry, but even I have no idea when Lectric is planning on releasing the XP 4.0. From everything I can gather, it’s not imminent.

I may have teased you with all the cool things Lectric could do on XP 4.0, but I don’t think we’ll be seeing any of those updates anytime soon.

Suffice it to say that if you’ve been wanting to join in on the XP fun and somehow you’re one of the few Americans who doesn’t yet have an XP 3.0, that’s still a killer e-bike for an amazing $999 price. One day the XP 4.0 will likely make us all “ooh” and “ahh” again, but it doesn’t appear to be in the cards yet.

micah toll lectric xp 3.0
I’m ride or die with my XP 3.0, at least until there’s a 4.0!

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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble

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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble

U.S. President Donald Trump with Mohammed bin Salman, crown prince of Saudi Arabia, at the start of the Group of 20 summit on 28 June 2019.

Bernd von Jutrczenka | picture alliance | Getty Images

DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of the world to manage the economic impact of U.S. President Donald Trump’s tariffs, economists and regional investors say. But a shaky outlook for the price of oil could put some countries’ budgets and spending projects at risk.

Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar make up the Gulf Cooperation Council. Together, they comprise around $3.2 trillion in sovereign financial assets, accounting for 33% of the total sovereign assets worldwide, according to GCC Secretary-General Jasem Mohamed Albudaiwi. 

The GCC also holds approximately 32.6% of the world’s proven crude oil reserves, according to the Statistical Center of the Cooperation Council for the Arab States of the Gulf.

That makes it both an asset for the Trump administration as well as vulnerable to its policies, as Trump has long pushed for OPEC, the oil producer alliance led by Saudi Arabia, to pump more oil to help lower oil prices and offset inflation in the U.S. 

A lower oil price, however, can significantly impact the budget deficits and spending plans for those countries, whose economies — despite diversification efforts — still rely heavily on hydrocarbon revenues.  

Beneficial relations with Trump  

How to invest as markets sink, according to Blackrock's Ben Powell

“I think we’re all going to be swept into the maelstrom over the next short period of time. That’s inevitable. But the Middle East, with the balance sheet strength that they have, with the energy support that they still have, providing funding on a near ongoing basis … for me, the Middle East — maybe not today, but over time — should be a relative winner within that mix” when it comes to emerging markets, Powell said.

In considering what the firsthand impact of tariffs might be, Monica Malik, chief economist at Abu Dhabi Commercial Bank, noted that the U.S. is not a major export market for the Gulf.

“The GCC should be in a relatively favourable position to withstand headwinds, especially the UAE,” she wrote in a report for the bank on Friday. 

While the region faces the blanket 10% universal tariff as well as previously imposed tariffs on all foreign steel and aluminum — products that the UAE and Bahrain both export — “we expect the direct impact to be relatively contained, as the US is not a key destination for Gulf exports, averaging just c.3.7% of the GCC’s total exports in 2024,” she said.

Threat to spending plans

Crude and copper have a lot of room to move lower, says Citi's Max Layton

Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs this week lowered its oil price forecast for 2026 to $58 for Brent and $55 for U.S. benchmark WTI crude. That’s a significant move lower from its forecast just last Friday of $62 for Brent and $59 for WTI in 2026.

“A weaker global demand and greater supply adds downside risk to our Brent forecast for 2025, though we wait for more market clarity before making any changes,” ADCB’s Malik told CNBC on Monday. OPEC+ is meant to increase oil production levels again in May, and she predicts the group will pause that plan if crude prices stay where they are or fall further. 

“Our greatest concern would be a sharp and sustained oil price fall, which would require a reassessment of spending plans – government and off budget – including capex, while also potentially affecting banking sector liquidity and wider confidence,” Malik warned.

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World’s first-ever global emissions tax is on the table at crunch shipping talks

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World's first-ever global emissions tax is on the table at crunch shipping talks

Aerial view of containers for export sitting stacked at Qingdao Qianwan Container Terminal on April 5, 2025 in Qingdao, Shandong Province of China. 

Vcg | Visual China Group | Getty Images

The United Nations shipping agency is on the cusp of introducing binding regulations to phase out fossil fuel use in global shipping — with the world’s first-ever global emissions levy on the table.

The International Maritime Organization (IMO) will this week hold talks at its London headquarters to hammer out measures to reduce the climate impact of international shipping, which accounts for around 3% of global carbon emissions.

Some of the measures on the table include a global marine fuel standard and an economic element, such as a long-debated carbon levy or a carbon credit scheme.

If implemented, a robust pricing mechanism in the shipping sector would likely be considered one of the climate deals of the decade.

An ambitious carbon tax is far from a foregone conclusion, however, with observers citing concerns over sweeping U.S. tariffs, a brewing global trade war and reluctance from members firmly opposed to any kind of levy structure.

Sara Edmonson, head of global advocacy at Australian mining giant Fortescue, described the talks as “absolutely historic,” particularly given the potential for a landmark carbon levy.

“I think it would be an absolute game-changer. No other industry on a global level has made a commitment of this size and I would argue most countries haven’t made a commitment of this size,” Edmondson told CNBC via telephone.

She added, however, that “the jury is still very much out” when it comes to a global carbon price.

It’s not really a question of whether they get agreement, it’s just how ambitious it is, how effective it is and how many unhappy people there are.

John Maggs

President of the Clean Shipping Coalition

“There are also a lot of discussions around levy-like structures because obviously the word levy in very polarized countries like the U.S., like Australia and even in China, can be very challenging. But I think there are really good discussions around levy-like structures that would ultimately have an equivalent effect,” Edmondson said.

The IMO’s Marine Environment Protection Committee (MEPC) is scheduled to conclude talks on Friday.

‘A great opportunity’

Some of the biggest proponents of a global greenhouse gas emissions charge on the shipping industry include Pacific Island states, such as Fiji, the Marshall Islands and Vanuatu, and Caribbean Island states, including Barbados, Jamaica and Grenada.

Those opposed to a carbon levy, such as Brazil, China and Saudi Arabia, have raised concerns over economic competitiveness and increased inequalities.

“For countries like Vanuatu … we see the UNFCCC isn’t moving fast enough — and this is the great opportunity,” Vanuatu Minister Ralph Regenvanu said Monday.

Secretary-General of the International Maritime Organization (IMO) Arsenio Dominguez delivers a speech at the IMO Headquarters, in London, on January 14, 2025.

Benjamin Cremel | Afp | Getty Images

The UNFCCC refers to the United Nations Framework Convention on Climate Change, a multilateral treaty that has provided the basis for international climate negotiations.

If adopted, it would be “the first industry-wide measure adopted by a multilateral UN organisation with much more teeth than we could get in the UNFCCC process,” Regenvanu said.

Delegates at the IMO agreed in 2023 to target net-zero sector emissions “by or around” 2050 and set a provision to finalize a basket of mid-term carbon reduction measures in 2025.

Calls for a ‘decisive’ economic measure

“We’re going to get something,” John Maggs, president of the Clean Shipping Coalition, a group of NGOs with observer status at the IMO, told CNBC via telephone.

“The timetable is quite clear and they are working really, really hard to stick to it. So, I think it’s not really a question of whether they get agreement, it’s just how ambitious it is, how effective it is and how many unhappy people there are,” Maggs said.

Clean Shipping Coalition’s Maggs warned that a sizable gap still exists between progressive and more conservative forces at the IMO.

“My feeling from the progressive side is that people are optimistic and confident because the case they are making is a sound one and they’ve got the technical expertise to back them up,” Maggs said.

“But, at the end of the day, China and Brazil and others aren’t just going to go, ‘OK you can have your way.’ There is going to be payment exacted in some way or other,” he added.

PORTSMOUTH, UNITED KINGDOM – OCTOBER 28: The container ship Vung Tau Express sails loaded with shipping containers close to the English coast on October 28, 2024 in Portsmouth, England.  

Matt Cardy | Getty Images News | Getty Images

The international shipping sector, which is responsible for the carriage of around 90% of global trade, is regarded as one of the hardest industries to decarbonize given the vast amounts of fossil fuels the ships burn each year.

Angie Farrag-Thibault, vice president of global transport at the Environmental Defense Fund, an environmental group, said a successful outcome at the IMO would be an ambitious global fuel standard and a “decisive” economic measure to ensure shipping pollution is significantly reduced.

“These measures, which should include a fair disbursement mechanism that uses existing climate finance structures, will encourage ship owners to cut fossil fuel use and adopt zero and near-zero fuels and technologies, while supporting climate-vulnerable regions at the speed and scale that is needed,” Farragh-Thibault said.

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The US wind industry’s 5-year outlook is now a total roller-coaster

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The US wind industry's 5-year outlook is now a total roller-coaster

The US wind industry installed just 5.2 gigawatts (GW) in 2024 – the lowest level in a decade, according to Wood Mackenzie’s new US Wind Energy Monitor report. Installations are expected to rebound in 2025, but the real concern lies in US wind’s sharply downgraded 5-year outlook. As for the reason behind that bleak forecast, we’ll give you one guess as to why, and it starts with a T.

Wood Mac reports that 3.9 GW of onshore wind came online last year, along with 1.3 GW of onshore repowers and 101 megawatts (MW) of offshore wind.

Onshore wind

The US is expected to achieve more than 160 GW of installed onshore capacity by 2025, and onshore growth is projected to bounce back from 2024 and surpass 6.3 GW this year.

“The cliff in 2023 and 2024 created by the Production Tax Credit (PTC) push in 2022 will come to an end,” said Stephen Maldonado, research analyst at Wood Mackenzie. “Despite the uncertainty created by the new administration, the massive number of orders placed in 2023 culminating in projects now under construction support the short-term forecast.”

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The pipeline for onshore has 10.8 GW currently under construction through 2027, with another 3.9 GW announced.

GE Vernova led onshore wind installations in 2024 with 56% of the market and will continue to lead in connections for the next five years. It was followed by Vestas (40%) and Siemens Gamesa (4%).

Offshore wind

Offshore wind is projected to increase in 2025 as well, with 900 MW of installed capacity, up from a disappointing 101 MW in 2024. However, several projects have been shelved in the wake of Trump’s anti-wind executive orders, which downgraded the five-year outlook by 1.8 GW.

Electrek’s Take on US wind’s 5-year outlook

According to Wood Mac, 33 GW of new onshore wind capacity will be installed through 2029, along with 6.6 GW of new offshore capacity and 5.5 GW of repowers. However, due to Trump’s anti-wind policy and economic uncertainty, this five-year outlook is 40% less than a previous total of 75.8 GW. ​Growth will happen, but it’s going to be slower.

The main reason is Trump’s flourish of his Sharpie on executive orders that include “temporary” withdrawal of offshore wind leasing areas and putting a stop to onshore wind on federal lands. Plus, firing all those federal employees will likely make permitting wind farms a slower process. (Trump just wrote more executive orders today allowing coal projects on federal lands; he won’t have federal employees to issue permits for those, either.) He’s worked to throw up obstacles for wind projects in favor of fossil fuels. He won’t stop the wind industry, but he’s managed to get some projects canceled, and he’ll make things more of a slog over the next few years.

Read more: Coal is dead and Trump’s executive order won’t revive it


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