Formula E’s new all-wheel drive formula car races this Saturday for the first time
Formula E’s 11th season starts on Saturday in Sao Paulo, Brazil, and includes the debut of the new Gen3 EVO car – which iterates on the original Gen3 car by activating the front motor, giving more grip and even faster acceleration than a Formula One car.
Formula E is the FIA’s top-level electric racing series, racing single-seater open-wheel formula cars on famous racetracks and in downtown city centers – where quieter, zero-emission cars can get away with things that noisy gassers cannot.
It’s now on its eleventh season, and there’s been plenty of excitement and unpredictability throughout. The series has remained competitive, with championship battles often coming down to the last race with multiple drivers and teams vying for the win – unlike F1, where championship battles are often decided midway through the season.
And Formula E has been iterating on its vehicles pretty rapidly, with changes every couple years adding new capabilities and making the cars faster.
Early Formula E seasons started with a much less powerful vehicle, and drivers would even swap vehicles mid-race (battery swapping was deemed too complicated, so they just swapped cars instead).
In 2018, Formula E introduced the Gen 2 car which was more powerful and no longer needed to swap mid-race. Then in 2022, the Gen 3 car started racing, with the addition of a front motor to be used for stronger regenerative braking.
On the original iteration of the Gen 3 car, the front motor wasn’t active during acceleration – but that’s changing now, as the modified Gen 3 EVO car will be able to use the front motor during qualifying, race starts, and during “attack mode,” a short boost in power that drivers can activate during the race to gain an advantage. So, technically, this means these cars are going to be all-wheel drive, at least some of the time.
All-wheel drive has been popular on road cars recently, because it enhances acceleration and drivability. And on EVs, it’s quite easy to add, because you can just slap a second motor on the other axle and run a few cables to it, rather than needing to run driveshafts and gearing mechanisms all through your car to transfer the power from a single combustion engine to two separate axles.
However, sportscar and racing enthusiasts have often preferred rear-wheel drive because it makes cars more squirrelly and difficult to control, showcasing driver skill more readily.
So this is a pretty big change – single seat open-wheel racing has historically been all rear-wheel drive with few driver aids involved. There have been a few all-wheel drive cars tried in the past, but currently other open-wheel single seaters (like F1, IndyCar and the like) are rear-wheel drive only.
Another big change for this year is in the tires, which will be grippier than last season. The Gen 3 car originally didn’t improve laptimes as much as expected, likely due to a change in tire supplier, and this year’s tires promise to be more capable of handling the car’s higher power output.
Further, we might finally see the debut of the “attack charge” mid-race charging feature. Along with the introduction of a front motor, Gen3 brought 600kW charging capability. This was mostly used for better regenerative braking, but Formula E also said it wanted to introduce a mid-race 600kW charge.
But introduction of that feature got pushed back multiple times, so now, even if Formula E says it’s ready to introduce it – we’ll believe it when it happens. It was tested at pre-season testing in Spain last month, so that’s one step done at least.
If it does get introduced this year, it will likely be at a double-header race, with one race using the mid-race charge system, and the other not.
The new season comes along with changes in drivers and teams, as they often do. Lola cars has taken over the ABT team, running a racing team for the first time since 1997 now alongside Yamaha, and last season’s ERT team has rebranded as Cupra Kiro. Maserati committed to return – and has committed to the entirety of the future Gen4 era, through 2030.
Drivers have shifted around from team to team, with two new rookie drivers joining the grid – Zane Maloney who joins the Lola team after previously racing in Formula 2, and Taylor Barnard who drove 3 races last year for McLaren but now starts the season as a full-time driver.
Tracks have changed as well, with the retirement of the Misano ePrix, meaning no more races in Italy. Saudi Arabia, which previously hosted several season openers at the Riyadh street circuit, will move its races to a new street circuit in Jeddah. The Portland ePrix (which was great the last couple years) is going away, being replaced by the Miami ePrix – which was previously held in 2015, though now will happen at the Homestead-Miami speedway NASCAR track, instead of the previous Miami street circuit along Biscayne Bay. The headline Monaco ePrix, at the world-famous Circuit de Monaco, will become a doubleheader for the first time, with two races on the same weekend. And the Jakarta ePrix is back, after being skipped in 2024.
This weekend’s race is at the Sao Paulo street circuit, which has hosted Formula E twice before. Since Formula E seasons start just before the end of the year and the Sao Paulo ePrix was scheduled from mid-season to the season opener, we’re now getting a second 2024 Sao Paulo ePrix – the last of which was won by Sam Bird. The 2023 race was won by Mitch Evans.
The circuit goes along the city’s Carnival route, with a long back straight interrupted by one chicane, and a return to the start/finish line through some side streets with tight turns. The long straights should offer good opportunities for overtaking, but also add to difficulty in energy management for the teams.
The race starts this Saturday, December 7, at 2pm local Sao Paulo time. That’s Noon Eastern time, 9am Pacific time, and 5pm UTC. You can check out how to watch the race in your area by going to Formula E’s “Ways to Watch” section. In the US, Roku should be the most reliable way to watch.
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Locals call him the “Bicycle hero,” but Texas man Evan Wayne says he’s just doing what he can to help his community after it was cut off due to the recent devastating and deadly flooding tragedy.
When the local Sandy Creek flooded following torrential rains in Texas, it destroyed the only bridge into one community. Residents were cut off from access to supplies, including everything from necessities like food, water, and medicine to basic comforts.
Although the bridge was impassable to cars, volunteers who quickly organized to help the stranded residents found that the damaged bridge could still be traversed on foot. Or in the case of Evan Wayne, it could be covered by an electric bike.
Evan joined hundreds of volunteers who answered the call of grassroots organizers by working together without any official capacity. While many started by hand-pulling garden carts of supplies uphill to reach the stricken community, Evan jury-rigged a trailer to an e-bike and took on as much of the load as he could, helping shuttle much-needed food and gear into the community over hundreds of round-trip journeys.
“This was a dog trailer 48 hours ago. I had a hacksaw, hacked the top off, grabbed some bungee cords, and here we are,” explained Evan in an interview with CBS Austin, while waiting for the next load of gear to be stacked on his trailer.
In the first two days of the operation, he made around 100 round trips each day, shuttling food and water as well as critical rescue supplies. “Right now, I’m waiting on a couple of chainsaws that I’ll bring in for a crew that’s been going at it with handsaws so far.”
In addition to delivering needed supplies, Evan has often found himself moving something even more important: information. “I’ve flagged down medics. I’ve been the guy that goes between Austin EMT and STAR Flight because I’m quicker than cell phones sometimes, people don’t have signal a lot of the time.”
Evan quickly points out that he isn’t the only one helping. “I’ve got an e-bike, but other people are pulling carts. People are walking, people are carrying things. Everyone is doing what they can.” But there’s no doubt that his ability to carry more gear at higher speeds and make hundreds of round-trip journeys so far in and out of the stricken neighborhood has helped impact countless lives.
“This is all volunteers here. They’re just taking it upon themselves to get people where they need to go. I think there’s an umbrella company coming in, taking over tomorrow, but until they get here, people are just taking care of people, which is what you’ve got to do.”
E-bikes proving their worth in emergencies
While many people consider electric bicycles just another form of recreation, they’ve proven to be potent transportation alternatives after natural disasters worldwide.
Not only do their small and efficient batteries make performing hundreds of rescue trips like Evans’ possible, but recharging can be done simply and easily with a solar panel when electricity is out after a disaster. And when gas stations are out of fuel (or simply can’t pump it with the power grid down), e-bikes can keep running while gasoline-powered motorcycles or ATVs run dry.
Electric bicycle batteries have also proven to be a handy source of emergency power after hurricanes and other disasters, often helping owners keep their phones charged up for days to remain in contact with family or rescue services.
While most hope to never need theirs for emergency purposes, electric bicycles have proven their worth in countless disaster scenarios, adding benefits far beyond just alternative transportation, recreation, or fitness riding.
Image credits: CBS Austin (screenshots), used under fair use
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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.
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
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.
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
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