As Trump backs off of clean jobs, EU sees an opening with €100B investment
Europe will give €100 billion in short-term relief to clean manufacturing in order to compete with China, as it unveiled today in its Clean Industrial Deal. The money comes at the same time as the US is actively seeking to harm its manufacturing sector and send clean jobs to China.
The EU’s Clean Industrial Deal is a new plan focused on advancing clean manufacturing and increasing efficiency for energy-intensive industries.
The European Commission advanced the deal today with the hope of easing Europe’s current energy difficulties and making its manufacturing sector more competitive with China’s.
The €100 billion (~$105 billion USD) from the plan will support several initiatives to improve Europe’s manufacturing and clean energy competitiveness, including acceleration of clean energy and electrification, energy efficiency measures, recycling and raw materials access, and education for clean jobs.
The hope is that this money, which will be drawn from several sources including existing funds and from member states, will spark additional private sector investment in the amounts of several additional hundreds of billions of Euros through the next decade.
Europe intends to implement a number of reforms to help act on this plan, including cutting red tape, using its scale as a single market in order to better negotiate for raw materials, and bolstering coordination between EU member states to promote quality green jobs. It says the deal will create 500,000 new jobs in Europe.
Overall, the EU expects the plan to save €130 billion annually on energy costs by 2030, largely by boosting domestic supply of clean energy.
European energy concerns drive this deal
These moves are important right now for Europe, as the bloc has experienced significant energy difficulties in recent years. Europe has long been reliant on supplies of methane gas from Russia, despite decades of urging from environmentalists and others. Russia has exploited this reliance to push Europe into accepting various misdeeds over the years, including stealing Crimea and shooting down a passenger plane, knowing that Europe’s addiction to its oil products leaves it in a compromised position.
All of this came to a head during Russia’s (second current) invasion of Ukraine in 2022, where Europe finally woke up and acted to reduce imports of Russian gas. However, since the bloc had not properly readied itself for this moment by building up its own domestic supply, this led energy prices to skyrocket in the short term, and today they remain higher than they were before the crisis started (though it turns out, cutting off Russian gas wasn’t as apocalyptic as some had thought it would be).
This, along with global inflation experienced by every country due to the COVID epidemic, has fueled popular resentment and social unrest in Europe – even counterintuitively leading some voters (and one EV company CEO) to support anti-climate, pro-Russian extremist parties.
But so does looming Chinese dominance in clean tech
It also comes in the context of a steep rise in Chinese clean-tech exports, particularly in the realm of electric vehicles. China recently became the world’s largest exporter of automobiles, an industry which has long been a cornerstone of Europe’s industrial base.
In response to this, and to increasing sales of Chinese EVs in Europe, the bloc recently implemented import tariffs on Chinese EVs, in an attempt to buy local industry time to transition.
But whether European industry will actually take that time to make the right choices, or whether it will continue to delay EV manufacturing and therefore lose the lead even further, remains a question. This is one of the reasons why there are better solutions than tariffs – like investment, which incidentally, the Clean Industrial Deal announced today provides.
And so, the Clean Industrial Deal is an important moment. It signals an additional commitment by Europe not just to try to compete with China – by actually investing in doing well, instead of just trying to put up barriers and sit on its laurels – but to acknowledge that the future needs to be clean and that the bloc is currently not doing enough to ensure that it is.
The US made a similar deal under President Biden
The United States undertook a similar effort under President Biden via the Inflation Reduction Act (IRA), which dedicated nearly $400 billion in funding for climate and energy-related programs, with a focus on bringing back American manufacturing of advanced products.
The IRA, along with Biden’s Bipartisan Infrastructure Law (BIL), were incredibly effective at bringing more manufacturing investment and green jobs to the US. In total, companies announced $211B of investment and 227K jobs in EV manufacturing alone since the IRA and BIL were passed. And the net effect of the Biden-Harris administration’s clean investments resulted in a savings of $250B and 200k lives per year.
…But republicans are trying to ruin it
…Or at least, those investments would have helped. Unfortunately for America and the world, the current occupier of the White House is convicted felon Donald Trump, who finally received more votes than his opponent on his third attempt (despite committing treason in 2021, for which there is a clear legal remedy).
Mr. Trump campaigned on ending support for US EV manufacturing, and his party has previously passed bills to this effect.
While he has only occupied the White House for a little more than a month now, Mr. Trump has already signaled several attempts to give back the environmental, efficiency and manufacturing gains seen under President Biden.
For example, the Department of Transportation signed a memo to increase your fuel costs by $23 billion, the EPA wants to clean the air by making it more dirty, and, perhaps surprisingly to some, Mr. Trump is working to increase costs of domestic energy production even for the oil industry via unwise tariffs – on top of the illegal funding freezes for EV programs and others. There is even an effort to harm American education, which will also reduce long-term competitiveness of America’s labor market (in contrast to the European plan, which boosts investment in education).
The effect of all this hostility towards manufacturing and energy progress is that companies have canceled billions of dollars in plans to build new manufacturing hubs in the US, seeking greener pastures. These cancellations have disproportionately hit republican districts harder than the rest.
But perhaps it shouldn’t be a surprise that an ignoramus who has famously sent manufacturing jobs to China in his own businesses is actively seeking to cut education and manufacturing investment here in America. All of this can only result in the US becoming less competitive in manufacturing in the long term – especially in the face of greater commitments from the rest of the globe in leaning up their act.
And Europe sees an opening
But that’s not just us saying this: Europe itself recognizes the US’ backwards move, and sees it as an opening. With the US floundering on manufacturing, Europe knows that it has a chance to gain prominence now that one of its global competitors seems ready to take itself out of the game.
“The fact that the US is now moving away from the green agenda… does not mean that we would do the same. The opposite. It means that we need to step forward,” EU energy commissioner Dan Jorgensen said today, as quoted by DW.
And, after a hotly contested German election this week, the leader of the winning CDU said Europe should “achieve independence” from the United States.
China, too, is ready to take advantage of the US’ missteps. It’s looking to throw its weight around against countries (including those in Europe) who would erect trade barriers to EV growth, and shows no sign of relenting on EV development. And since no serious person thinks the future of the auto industry is anything but electric, or that energy won’t become more renewable as time goes on, those who stall on the way there will only be left in the dust of those who carry on.
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Another Cadillac EV has earned the iconic “V” badge. The 2026 Cadillac Optiq-V is a new entry-level sports electric vehicle (EV) with over 500 horsepower, sporty styling both inside and out, and additional upgrades. It’s also GM’s first vehicle with a built-in NACS port, unlocking access to Tesla Superchargers.
Cadillac unveils 2026 Optiq-V EV prices and specs
Cadillac is back! The luxury brand is coming off its best quarter since 2008, but with a full lineup of electric vehicles rolling out, Cadillac expects to gain even more traction later this year.
After introducing the Lyriq-V earlier this year, we are now getting a look at Cadillac’s second EV to earn the brand’s performance trademark.
Cadillac revealed the 2026 Optiq-V on Monday, an upgraded, sportier version of the new entry-level electric SUV. The new V model boasts 519 hp and 650 lb-ft of torque in Velocity Max mode, good for a 0 to 60 mph sprint time of 3.5 seconds.
GM confirmed Cadillac’s new Optiq-V will be its first vehicle with a built-in NACS charging port, enabling access to Tesla’s Supercharger network.
The Optiq-V features a dual-motor AWD powertrain and 85 kWh battery pack, which Cadillac estimates will provide 275 miles range.
Like Cadillac’s other performance vehicles, the new EV includes added features and tech, including V-Mode, which GM promises “takes performance customization further” with variant modes and settings.
When using V-Mode, a Launch Control feature is available, designed for straight-line takeoffs. You can also take advantage of GM’s Super Cruise hands-free ADAS system as standard.
The exterior is upgraded with a new front-end design, featuring a V-pattern mesh on the lower grille, a high-gloss black front splitter, and colored trim.
For the carbon fiber fans out there, GM offers a package that adds a carbon fiber front splitter, rear diffuser, and rear mid-spoiler. Other V-Series badges are added on the rear doors, liftgate, and driver’s side grillette.
The V model will be offered in two new limited-edition colors: Magnus Metal Frost, a matte metallic grey with warm highlights, and Deep Ocean Tintcoat.
A 33″ LED infotainment system sits at the center of the interior with Google built-in. You can choose from two palette options: Noir with Santorini Blue accents, and Noir and Sky Cool Gray with Santorini Blue accents.
If you really want to get fancy, there’s an optional palette featuring a Santorini Blue seatback panel and Santorini Blue seatbelt.
The Optiq-V features a darker colored pattern with Santorini Blue accent stitching, while V-Series badging is added on the steering wheel, sill plate, and floor mats.
| 2025 Cadillac Optiq trim | Starting Price (including destination) |
Driving Range (EPA-estimated) |
| Luxury 1 | $54,390 | 302 miles |
| Luxury 2 | $56,590 | 302 miles |
| Sport 1 | $54,990 | 302 miles |
| Sport 2 | $57,090 | 302 miles |
Following the 2026 Lyriq-V, the Optiq is the second Cadillac EV to earn the V-series treatment. The Optiq is Cadillac’s new entry-level electric SUV, starting at $54,390 with 302 miles range.
The new 2026 Cadillac Optiq-V model starts at $68,795, including destination. It will be sold in the US, Canada, Mexico, the Middle East, and Israel, with production set to begin in Fall 2025.
Measuring 190″ long, 75″ wide, and 65″ tall, the standard Cadillac Optiq is about the same size as the Tesla Model Y (187″ long x 76″ wide x 64″ tall).
If you can’t wait for the V-Series model, Cadillac is offering some sweet deals on the entry-level Optiq right now with leases starting at just $409 per month. Ready to check it out for yourself? We can help you get started. You can use our link to find 2025 Cadillac Optiq models at the best price at a dealer near you.
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Environment
Image leaks of Rivian’s 2026 R1T Quad Motor are starting to trickle in and we see NACS and teal
A couple of automotive influencers appear to have gotten access to the new 2026 Rivian R1T Quad Motor and shared some images. The posts showcase the new NACS charging port, a familiar exterior color, and new teal accents, including the calipers. See more below.
Recently, much of our Rivian coverage has been on the upcoming R2 model, which CEO RJ Scaringe has consistently teased. As an R1S owner, more of my coverage has pertained to that model and my day-to-day use, but we cannot forget about the R1T pickup.
This is Rivian’s other flagship model aside from the R1S. It remains just as popular for its utility, advanced features, and top safety status (seriously, I’m thinking about getting one of these as well). This model is currently available in a Dual Standard, Dual Motor, and Tri Motor variant, the latter of which we tested in the fall and were quite impressed.
A Quad Motor version of the Rivian R1T has also been in the works to arrive this year as a 2026 model. The past couple of days, we’ve seen evidence that the Quad Motor 2026 Rivian R1T is near market entry, as some early versions have made their way out to the media, including Jon Rettinger and Marques Brownlee, aka MKBHD.
The images above were posted to X by Jon Rettinger (@Jon4Lakers) on June 8 with the following caption:
Hey @Rivian, you know what’s a great hand in poker? Quads…
We see the 2026 R1T, complete with the long-promised quad motor configuration, featured in Rivian’s Launch Green, which, according to a separate post by Marques Brownlee, will be exclusive to the Quad Motor. RivianTrackr screenshot the images below from MKBHD’s video posted to X before he removed it shortly after posting.
In addition to the exterior color, other unique additions featured in Brownlee’s video include 22″ Ultra High Performance wheels, teal accents including the Rivian logo, the 2026 R1T Quad badge, and the brake calipers. There also appears to be some badge or decal of Rivian’s mascot, Gear Guard Gary.
Last but not least, we have a look at the NACS plug! Rivian has vowed to integrate the North American Charging Standard on all 2026 models and beyond, which appears to be the imminent beginning of that transition.
It’s unclear why MBKHD pulled his content, yet Jon Rettinger let his fly. It could be an images vs. video thing where impressions are still under embargo. Brownlee promised a full video review in the future so that we will keep an eye out for that. For now, we can enjoy these images, which at least relay that the 2026 Quad Motor Rivian R1T has reached the media and will soon be available to consumers.
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Environment
Kia’s PV5 is the first to use Hyundai ‘Pleos’ software as orders open in Korea at $35,000
Kia’s first electric van is finally here. Although it appears to be from the future, the PV5 boasts impressive interior space, a long driving range, advanced technology, and a range of features. It’s offered in a variety of different configurations, including an upcoming refrigerated truck, a light camper, and a luxury “Prime” model. With orders opening in Korea this week, we are learning a little more about what to expect from the Kia PV5 before it rolls out globally.
Kia opens PV5 orders, reveals range and prices in Korea
The PV5 marks the launch of Kia’s “game-changing” Platform Beyond Vehicle (PBV) business, unveiled at CES 2024.
Based on Hyundai’s new E-GMP.S EV platform, the electric van can be custom-tailored for different uses. The first two models, the PV5 Passenger and Cargo, are designed for personal and business use. You can take it camping, use it as a daily driver, load it with cargo for delivery, and much more.
The Passenger model is available in five-seater or 2-3-0 configurations, while the Cargo is offered in three different variations, depending on the amount of space or load capacity required.
With a wheelbase of 2,995 mm, Kia’s electric van (Passenger) is about the same size as the European-spec Volkswagen ID.Buzz (2,998 mm).
For the first time, the rear seats of the five-seater models feature a new “fold & dive” function, providing up to 2,310 liters of space.
Powered by a 71.2 kWh battery, Kia’s passenger electric van offers a range of up to 358 km (222 miles). The Cargo version is available with either a 51.5 kWh or 71.2 kWh battery pack, providing a range of 280 km (174 miles) and 377 km (234 miles), respectively.
Using a 350 kW charger, the PV5 (Passenger and Cargo models) can recharge from 10% to 80% in about 30 minutes.
The interior is equipped with Hyundai’s new tech and software, including “Pleos Fleet.” The PV5 electric van will be the first to feature the new vehicle control software, promising to cut business costs while improving efficiency.
Hyundai Motor Group and 42dot have developed a new end-to-end software platform that integrates everything from the infotainment system to the vehicle’s operating system and the cloud, enabling seamless connectivity.
The new software stack will also be used in Hyundai’s upcoming “Pleos” brand, starting in Q2 2026. By 2030, Hyundai Motor, including Kia and Genesis, plans to launch over 20 million vehicles with the next-gen OS.
Kia’s electric van also features a 12.9″ navigation screen at the center with a “PBV-exclusive” Android Auto-based OS (AAOS) infotainment system.
The new split-screen display enables you to use navigation, music, and other apps simultaneously. As one of the first Hyundai Motor vehicles with an App Market, you can also now choose from a number of third-party apps to install.
Kia is opening PV5 orders in Korea on Tuesday, June 10, starting at 47.08 million won ($34,700). That’s for the Basic and Plus Models, before the electric vehicle tax credit. With the EV tax credit and government subsidies, Kia expects the Passenger van can be purchased in the “mid to late 30 million won range,” or about $25,000 to $30,000
The Standard and Basic Cargo models start at 42 million won ($31,000), while the Long Range Cargo variants cost 44.7 million won ($33,000). With subsidies, Kia expects the Cargo variant will be available for as low as the “mid to late 20 million won range,” depending on the region.
Kia plans to launch several more variants shortly, including a chassis cab, open bed, light camper, luxury “prime” passenger, refrigerated truck, and sliding truck models.
The Korean launch follows Kia opening PV5 orders in the UK on May 1, starting at £32,995 ($44,000). It’s also available in Passenger and Cargo models with various configurations.
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