Toyota just opened its first 350kW fast charging station with EVgo that can fit 8 EVs
Toyota wants everyone to have access to affordable, convenient EV charging. Through its partnership with EVgo, Toyota opened its first EV fast charger on Monday. The new co-branded stations, with 350kW fast chargers, can serve up to eight EVs.
Toyota, EVgo open first 350kW EV fast charger
The new DC fast charging station opened in Baldwin Park and Sacramento, California, as part of Toyota’s “Empact” vision.
Toyota announced the initiative almost two years ago, aimed at expanding charging access in underserved communities.
“Together with EVgo, we are supporting broader access to charging infrastructure for all battery EV drivers, including those driving Toyota and Lexus BEVs,” Toyota North America General Manager of EV charging solutions, James George, said at the event.
The new stations are near “amenity-rich” areas with nearby grocery stores, restaurants, shopping malls, and other businesses.
Scott Levitan, EVgo’s executive vice president, explained that charging availability is “essential” as more drivers choose electric. The new charging stations are strategically located to provide affordable, convenient access to the surrounding communities.
State Assemblywoman Blanca Rubio, D-Baldwin Park, said the new stations will “support the city’s residents and visitors,” adding, “Fast charging stations provide critical infrastructure that will amplify the use of clean energy transportation across Senate District 8.”
Toyota and EVgo’s initiative is “a win for our environment and for the future of sustainable mobility in Sacramento.”
As one of the nation’s largest public fast-charging operators, EVgo has already deployed over 1,100 stations across 40 US states. As more drivers choose an EV, EVgo will continue partnering with automakers like Toyota to expand fast-charging access.
EVgo and Toyota also expanded their partnership to offer one year of free public charging to those who buy or lease a new 2025 bZ4X.
The 2025 Toyota bZ4X starts at $37,070, or $6,000 less than the 2024 model. It also gained a stealthy new “Nightshade” edition, Toyota’s first EV to receive the new trim.
| 2025 Toyota bZ4X trim | Starting Price (excluding $1,395 DPH fee) |
Price reduction (vs 2024MY) |
Range (mi) |
| XLE FWD | $37,070 | -$6,000 | 252 |
| XLE AWD | $39,150 | -$6,000 | 228 |
| Limited FWD | $41,800 | -$5,380 | 236 |
| Limited AWD | $43,880 | -$5,380 | 222 |
| Nightshade | $40,420 | N/A | 222 |
At 184.6″ long, Toyota’s electric SUV is slightly longer (3.7″) than the RAV4. However, the rear feels more roomy with a longer wheelbase and flat floor design.
On the inside, the 2025 model remains about the same. It includes a standard 12.3″ touchscreen with wireless Apple CarPlay and Android Auto support.
If you’re ready to test out Toyota’s electric SUV for yourself, we can help you get started. With leases starting at just $259 per month, the 2025 bZ4X is a steal this month. You can use our link to find Toyota bZ4X models at a dealer near you and take it for a spin.
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Another one bites the dust. Hyundai Motor has halted production of another luxury EV in the US to focus on more popular models like its best-selling Tucson SUV.
Hyundai is shifting its EV production plans in the US
The move is part of a broader shift in Hyundai’s global production network as it gears up for upcoming policy changes, including higher tariff rates and the elimination of tax credits for electric vehicles in the US.
According to a new report from Business Korea, Hyundai has already ceased production of the Genesis Electrified GV70 in the US. Industry sources claim that Hyundai halted production of the luxury EV at its manufacturing plant in Alabama in June.
The Genesis Electrified GV70 marked a milestone as it rolled off the assembly line in February 2023, becoming Hyundai’s first US-made electric vehicle.
Hyundai invested nearly $300 million to upgrade the facility and boost SUV production, including under the luxury Genesis brand. However, sales have failed to live up to expectations.
In the first seven months of the year, Hyundai built just 1,367 Genesis GV70 EVs in Alabama, 18% fewer compared to the same period last year. Last month, sales sank to a record low with just 15 models delivered.
After halting production in June, Hyundai has been just selling down inventory rather than producing new models.
With the federal EV tax credit set to expire at the end of September, Hyundai is shifting production plans in the US and globally.
The Korean auto giant is expected to lean into higher-profit SUVs and hybrids, like the Santa Fe and Tucson, to offset the extra costs. With production of the Santa Fe Hybrid surging to 6,888 last month, Hyundai could replace the electric Genesis GV70 with more popular SUVs at the facility.
Will the Genesis Electrified GV70 still be made in the US?
Hyundai is currently reviewing a few different options. For one, it could relocate the GV70 EV to its new manufacturing plant in Georgia, to be built alongside the IONIQ 5 and IONIQ 9.
The Business Korea report claims Hyundai is “seriously considering” building the luxury EV in South Korea and exporting it to the US. Although it would get hit with the added tariffs, analysts believe it could be less expensive than creating a new production line.
Hyundai will do the same with the new IONIQ 6, which is set to launch later this year. Instead, the company is expanding production of its top-selling Tucson SUV.
In response to Trump’s 25% tariff rate on imports, Hyundai is shifting all Tucson production from Kia’s plant in Mexico to Alabama.
The news comes after Hyundai already pulled one luxury EV from its US lineup, the Genesis Electrified G80, earlier this month.
As the EV tax credit deadline approaches, Hyundai is offering some of the biggest discounts in the US. After cutting lease prices again last month, the 2025 IONIQ 5 is now listed starting from just $179 per month. Hyundai’s first three-row electric SUV, the 2026 IONIQ 9, can be leased from $419 per month.
Genesis is also offering generous savings with up to $18,000 off the Electrified GV70 and $13,750 off the GV60 to move inventory.
Ready to try one out for yourself? We’re here to help you get started. You can use our links below to find Hyundai IONIQ 5 and IONIQ 9 models in your area.
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Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from cheap Russian oil imports during the war in Ukraine, describing the practice as “arbitrage” and condemning it as unacceptable.
“They are just profiteering. They are reselling,” Bessent told CNBC’s “Squawk Box” in an interview. “This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product.”
“They’ve made $16 billion in excess profits — some of the richest families in India,” Bessent said.
India buys Russian oil at a discount due to sanctions, refines it into gasoline and diesel, and then sells the product back to regions that have sanctioned Moscow such as Europe, said Matt Smith, an oil market analyst at Kpler.
India’s imports of Russian oil have surged since the Kremlin launched its full scale invasion of Ukraine in February 2022. Prior to the invasion, India imported a miniscule amount of Russian crude.
New Delhi is now Russia’s biggest customer importing 1.5 million bpd in July, according to data from Kpler. China is the second largest buyer of Russian oil, importing about 1 million bpd last month.
President Donald Trump earlier this month ordered an additional 25% tariff on India’s exports to the U.S. to punish New Delhi for buying Russian oil. The tariffs take effect next week.
Trump is threatening what he calls “secondary tariffs” on Russian oil buyers like India to pressure the Kremlin to reach a negotiated settlement with Ukraine. So far, however, the U.S. has spared China from secondary tariffs over its imports of Russian crude.
When asked about China’s imports, Bessent suggested that Beijing’s imports were less egregious in the eyes of the Trump administration because it was also a major buyer before Russia invaded Ukraine.
But India actually started buying Russian oil in a major way at the behest of the U.S., said Bob McNally, president of Rapidan Energy and a former advisor to President George W. Bush.
The Biden administration had asked India to accept Russian oil as other countries imposed bans in order to prevent a major oil price spike after the invasion Ukraine that would result in high gasoline prices in the U.S., McNally told CNBC.
“India played a key role in the price cap sanction mechanism designed by the U.S. and its European allies to ensure Russian oil still flowed while trying to crimp the revenue Moscow earned,” McNally said.
CNBC has reached out to the Indian embassy in the U.S. for comment.
Ridgefield, Connecticut, just commissioned a sizable new solar carport at Ridgefield High School, and it’s set to pay big dividends for the town of around 7,000 residents.
The 1,038 kW system will generate around 1.3 million kilowatt-hours of clean electricity every year. That’s enough to power nearly 100 homes annually. Over the next 25 years, the installation is expected to save the school district about $1.5 million in energy costs while significantly cutting its carbon footprint.
The project was built in partnership with Davis Hill Development, the Connecticut Green Bank, and Patriot Renewable Energy Capital, with AEC Solar managing engineering, procurement, and construction. Crews pushed to finish the work on an accelerated summer schedule so it wouldn’t disrupt the school year.
Financing came through a mix of support from the Green Bank, a tax equity investment, and federal Investment Tax Credits made possible by the Biden administration’s Inflation Reduction Act, which shows how supportive federal policy can translate directly into local cost savings.
What makes the system especially interesting is how it’s wired. The carport ties into four separate town- and school-owned meters, maximizing the use of on-site solar while plugging into programs like Connecticut’s Non-Residential Renewable Energy Solutions (NRES), Zero Emission Renewable Energy Credits (ZRECs), and Class I RECs.
This isn’t Ridgefield’s first solar rodeo. The town began its sustainability push nearly a decade ago, installing rooftop solar across eight other schools and municipal buildings. The high school carport is its latest step forward.
Mariana Cardenas Trief, director of investments at the Connecticut Green Bank, said, “This is the latest of multiple solar projects that we have worked with DHD Renewables and the Town to complete, and we are proud to continue this support as they reduce their energy costs and move Connecticut closer to its clean energy goals.”
Read more: 500+ big-box rooftops are about to be covered in US-made solar
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