Connect with us

Published

on

Porsche promises the Boxster and Cayman EVs will deliver that “real sports car feeling” with advanced new tech. The upcoming electric sports cars will feature superior performance, braking, and handling with DNA from Porsche’s title-winning Formula E team.

Although Porsche is backtracking on its goal of an 80% EV sales share of global output by 2030, the sports car maker is ensuring its upcoming electric models will deliver the true Porsche driving experience.

After the Taycan and recently launched electric Macan, Porsche will introduce the 718 Boxster and Cayman EVs. The two new EV sports cars are expected to be launched in 2025.

Despite CFO Lutz Meschke announcing that Porsche will extend gas-powered and hybrid vehicles on the company’s Q3 earnings call, the upcoming Boxster and Cayman EVs still look to be on track to hit the market next year.

The electric sports cars have been spotted testing before their official debut several times. You can see the Boxster and Cayman EVs closely resemble the ICE-powered models, but they will be underpinned by Porsche’s new SSP Sport platform.

Porsche-Mission-X-electric-hypercar
Porsche Mission X electric hypercar concept (Source: Porsche AG)

Porsche first previewed the new drivetrain in the Mission R electric sports car concept in 2021 and then again in the Mission X last year. One of the most significant changes is the location of the battery pack.

Instead of laying flat like in most EVs, the battery will sit behind the driver, similar to the engine on the current 718 vehicles, but that’s not all.

Porsche-Mission-X-electric-hypercar
Porsche Mission X electric hypercar concept (Source: Porsche)

Porsche Boxster and Cayman EVs will be true sports cars

Porsche R&D head Michael Steiner, explained in an interview with Autocar how the company would pull elements from its title-winning Formula E team. Porsche’s team recently won the ABB FIA Fomula E World Championship, now it will use its learnings in its upcoming EVs.

“Motorsport has always been within our brand core,” Steiner said. Porsche’s R&D chief explained, “Importantly, on-the-road e-mobility is also an efficiency formula, because when you save on energy, you can win in weight, win in range or win in material cost.”

Porsche-Boxster-Cayman-EV-sports-cars
The TAG Heuer Porsche Formula E team wins ABB FIA Formula E World Drivers’ Championship (Source: Porsche Motorsport)

However, Steiner added that effiency is only a part of it, software and braking are also key focuses. He explained that “Fast straight-line acceleration could be done by more or less anybody. But the brake pedal – the feel on the brakes and good handling in corners.” According to Steiner, “That’s something we’ve learned in Formula E.”

Porsche will also only offer limited brake regeneration. Steiner said, “Our strategy is not one pedal drive,” as the sports car maker aims to preserve its signature sports car drive.

Porsche-Boxster-Cayman-EV-sports-cars
Porsche Taycan Turbo GT with Weissach Package (Source: Porsche AG)

Steiner added that the battery location puts “the center of gravity as close to the driver as possible, so the car around them is really flexible and agile. “

“You sit close to the road, so it’s a huge advantage over [a platform where] you sit on top of the battery. It’s a real sports car feeling.”

After driving a prototype of the Boxster EV, Steiner said, “It’s really great.” Adding the center of gravity gives drivers more control and stability.

The drop-top model is “a new experience” with virtually no engine noise, you can hear and smell everything around you. According to Steiner, the upcoming Porsche Boxster and Cayman EVs “will be a package worth waiting for.”

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

Continue Reading

Environment

Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

Published

on

By

Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.

Handout | Via Reuters

Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.

The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.

In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”

In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.

Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.

JPMorgan announces plans to charge for access to customer bank data

Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.

Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.

PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.

While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.

WATCH: Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

Continue Reading

Environment

EV sales hit 9.1M globally in H1 2025, but the US just hit the brakes

Published

on

By

EV sales hit 9.1M globally in H1 2025, but the US just hit the brakes

The global EV market is still charging ahead. According to new numbers from global research firm Rho Motion, 9.1 million EVs were sold worldwide in the first half of 2025, up 28% compared to the same period last year. But not every region is accelerating at the same pace.

China and Europe are doing the heavy lifting

More than half of the world’s EVs this year have been bought in China. That market hit 5.5 million sales in the first six months of 2025 – a 32% jump year-over-year. Around half of new cars bought in China are now electric.

While some Chinese cities’ subsidies have dried up, Rho Motion expects momentum to pick back up later in the year as more funding is released.

In Europe, 2 million EVs were sold in the first half of the year, up 26%. Battery electric vehicle (BEV) sales also rose 26%, thanks in part to affordable models like the Renault 4 (pictured) and 5 entering the market. Plug-in hybrids (PHEVs) weren’t far behind, growing 27% year-to-date. Chinese automakers are leaning into PHEVs as a way to work around the EU’s new tariffs on BEVs.

Advertisement – scroll for more content

Spain is leading the pack with EV sales soaring 85% so far this year. Its generous MOVES III incentive program was extended in April and has kept sales strong. The UK and Germany are also seeing solid growth – 32% and 40%, respectively. France, however, is slumping. With subsidies cut, EV sales there have dropped 13%.

North America is stuck in the slow lane

Things aren’t looking quite as bright in North America. EV sales in the US, Canada, and Mexico are up just 3% so far this year.

Mexico is the one bright spot, with a 20% boost. The US is up 6%. But Canada is down a whopping 23%.

And things could get bumpier. On July 4, Trump signed Congress’s big bill into law, which axes all the Inflation Reduction Act EV tax credits. Those consumer credits for EVs now officially end on September 30.

Just over half of the EVs sold in the US this year qualified for those credits. Rho Motion predicts a rush in Q3 before the subsidies disappear – and a decline in sales after that.

Rho Motion data manager Charles Lester said, “With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the US could struggle to see any growth in the EV market overall in 2025.”

Global EV sales snapshot, H1 2025 vs H1 2024

  • Global: 9.1 million (+28%)
  • China: 5.5 million (+32%)
  • Europe: 2.0 million (+26%)
  • North America: 0.9 million (+3%)
  • Rest of world: 0.7 million (+40%)

Read more: China breaks records as global EV sales hit 7.2 million in 2025


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has 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 Advisors to help you every step of the way. Get started here.

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

Continue Reading

Environment

The Lucid Air is crushing the competition as the best-selling luxury EV sedan in the US

Published

on

By

The Lucid Air is crushing the competition as the best-selling luxury EV sedan in the US

Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That might explain why it’s leading the segment. The Lucid Air remained the best-selling luxury EV sedan in the US after widening its lead in the Q2.

The Lucid Air is America’s best-selling luxury EV sedan

The 2025 Lucid Air Pure arrived as the “World’s most efficient car” with an EPA-estimated range of 420 miles and a record 146 MPGe.

It just set a new Guinness World Record last week for the longest journey by an electric car after travelling 749 miles (1,205 km) on a single charge.

That record was set in the range-topping Lucid Air Grand Touring model, which is rated for up to 512 miles of EPA-estimated range. On the WLTP scale, it’s rated at 597 miles (960 km). Either way, it still crushed the estimates.

Advertisement – scroll for more content

According to second-quarter sales data, released by Kelley Blue Book on Monday, the Lucid Air is still America’s best-selling luxury EV.

Lucid sold 2,630 Air models in Q2, up 10% from the previous year. Through the first half of 2025, Lucid Air sales are up 17% with 5,094 units sold.

Lucid-Air-best-selling-luxury-EV-sedan
Lucid Air (Source: Lucid)

Tesla, on the other hand, only sold 1,435 Model Ss during the quarter, 71% fewer than it did in Q2 2024. Tesla Model S sales in the US are down 70% through the first half of the year at 2,715.

Although Porsche Taycan sales were up 32% with 1,064 models sold, the significantly upgraded 2025 model year was expected to see even more demand. Porsche has 2,083 Taycans in the US this year, up just 1% from 2024.

Lucid-best-selling-luxury-EV-sedan
Lucid Air Pure interior (Source: Lucid)

Other luxury EV sedans, such as the BMW i5 (1,434), i7 (820), and the Mercedes EQS (498), experienced steep double-digit sales declines year-over-year.

And it’s not just electric luxury sedans. The Lucid Air is currently outselling many gas-powered vehicles in its segment.

Lucid-Air-best-selling-luxury-EV-sedan
Lucid Air (left) and Gravity (right) Source: Lucid

Lucid’s first electric SUV, the Gravity, is also rolling out. Although only five were sold in the second quarter, Lucid is quickly scaling production. Lucid aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it built in 2024.

Earlier today, Lucid’s interim CEO, Marc Winterhoff, confirmed during an interview with Bloomberg that the company expects higher Gravity output in the second half of the year.

The interview was at the grand opening of Panasonic’s new battery cell plant in De Soto, Kansas. Winterhoff said Lucid will start using new cells from the facility, but not until next year.

Lucid’s CEO stressed the importance of establishing a local supply chain, as policy changes under the Trump Administration are taking effect. Lucid and Panasonic are collaborating to localize EV materials, such as graphite. Last month, Lucid secured a multi-year supply agreement with Graphite One for US-sourced Graphite.

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

Continue Reading

Trending