Hyundai’s thinking small, but aiming big. The E3W and E4W concepts, an electric tuk-tuk and mini four-wheeler, are Hyundai’s smallest EVs yet, but they could be a surprise hit.
Check out Hyundai’s E3W and E4W mini EV concepts
Earlier this year, we got our first look at the E3W and E4W at the 2025 Bharat Mobility Global Expo. Hyundai partnered with TVS Motor Company to bring the electric three-wheeler to life, while the four-wheeler is expected to make its way into global markets.
The E3W, an electric tuk-tuk, is custom-tailored to navigate India’s tight city roads. However, Hyundai stated that “the development of the Four-Wheeler is under review, with a focus on its global potential.”
Hyundai, in collaboration with TVS Motor, developed the three-wheeler with an adjustable body. This way, it can be lifted if the streets are flooded during the monsoon season.
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The concept features larger tires for a smoother ride and even includes tow hooks, just in case you get stuck in a pothole.
Hyundai and Genesis global design boss SangYup Lee said, “We aim to locally produce the three-wheeler while exploring global opportunities for the four-wheeler.”
According to Hyundai, the new mini EVs offer more than just getting around the city. The automaker previewed several concepts for last-mile delivery, police, and even an “N” branded sporty-looking version.
Will Hyundai launch the E3W and E4W in other global markets, such as the US or Europe? Sorry to disappoint, but given America’s love for bigger trucks and SUVs, the mini EVs are unlikely to make the trip. Not to mention, the new auto tariffs would make it even more challenging.
Europe, however, could be a potential “global” market Hyundai is referring to. Hyundai is expected to reveal the new IONIQ 2 at the Munich Motor Show next month, the smallest from its dedicated EV series. It will sit between the Inster EV and Kona Electric in Hyundai’s lineup.
In the US, Hyundai is ramping up production at its new EV plant in Georgia, where it builds the IONIQ 5 and three-row IONIQ 9. The new and improved IONIQ 5 is coming off its best sales month to date in July.
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(COMBO) This combination of pictures created on February 21, 2020 shows
US President Donald Trump delivers remarks at a Keep America Great rally in Phoenix, Arizona, on February 19, 2020.
Russian President Vladimir Putin delivers a speech during a ceremony in Jerusalem on January 23, 2020 commemorating the people of Leningrad during the Second World War Nazi siege on the city.
Jim Watson | Afp | Getty Images
The rift between Moscow and Washington looks set to deepen after U.S. President Donald Trump said Tuesday that Russia’s economy “stinks” and that lower oil prices will hammer President Vladimir Putin’s oil-funded war machine.
“Putin will stop killing people if you get energy down another $10 a barrel. He’s going to have no choice because his economy stinks,” the president told CNBC’s “Squawk Box.”
The comments come after relations between Moscow and Washington, which remained cordial at the start of Trump’s second term in office despite the ongoing war, soured in recent weeks.
Trump has appeared to lose patience with Putin given Russia’s apparent reluctance to pursue a ceasefire or peace deal with Ukraine. Last Monday, the president said he was cutting from 50 days to less than two weeks his deadline for Putin to reach a peace deal with Ukraine or face big “secondary tariffs” on Moscow’s trade partners.
That prompted former Russian President and high-ranking Russian official Dmitry Medvedev to respond on social media that each new ultimatum that Trump makes about Russia to force an end to its war on Ukraine “is a threat and a step towards war.”
“Not between Russia and Ukraine, but with his own country,” Medvedev wrote on X. Trump said on Friday said that he had ordered two nuclear submarines “to be positioned in the appropriate regions” in response to Medvedev’s comments.
Russia, one of the world’s top oil exporters, has used revenues from oil exports to largely fund its war machine in Ukraine, which it invaded in 2022. Ukraine’s Western partners have used sanctions and restrictions to try to stifle those revenues, but countries like India and China have continued to buy discounted Russian crude.
This has infuriated Trump and he has, in the last few days, threatened India with steep tariffs if it does not stop buying Russian oil. The president threatened a 25% duty on Indian exports, as well as an unspecified “penalty” last week, accusing New Delhi of buying discounted Russian oil and “selling it on the Open Market for big profits.”
On Tuesday, Trump told CNBC that the tariff threshold could be hiked above 25% in the next 24 hours.
“India has not been a good trading partner … so we settled on 25%, but I think I’m going to raise that very substantially over the next 24 hours, because they’re buying Russian oil, they’re fueling the war machine, and if they’re going to do that, I’m not going to be happy,” Trump said.
Russia earlier on Tuesday weighed into the spat, with the Kremlin saying India was free to choose its own trading partners and that Trump’s tariff threats were “attempts to force countries to stop trade relations with Russia.”
“We do not consider such statements to be legitimate,” Kremlin Press Secretary Dmitry Peskov continued, speaking to reporters Tuesday.
“We believe that sovereign countries should have, and have the right to choose their own trade partners, partners in trade and economic cooperation. And to choose those trade and economic cooperation regimes that are in the interests of a particular country.”
Oil prices declined to around the mid-$65 a barrel mark on Tuesday as traders assessed the announcement by OPEC and its oil-producing allies on Sunday that they would hike output, amid potential weaker global demand.
Meanwhile, dark clouds certainly appear to be gathering on the horizon when it comes to Russia’s war-focused economy. It has labored under the weight of international sanctions as well as homegrown pressures, also largely resulting from war, such as rampant inflation and high food and production costs that even Putin described as “alarming.” Russia’s Economic Development Ministry also predicts that economic growth will slow from 4.3% in 2024 to 2.5% this year.
Move over, Lucid. There’s a new world record holder in EV range. Engineers at General Motors recently took a minimally modified version of the 2026 Chevrolet Silverado EV Work Truck out on a real-world test and traveled a total distance of 1,059.2 miles from a single charge.
The Chevy Silverado EV may differentiate quite a bit mechanically from its ICE counterpart, which has been in production for nearly 30 years, but it has made a name for itself as a flagship model in General Motors’ all-electric lineup.
After debuting in 2022, the Silverado EV was released a year later as a full-size pickup in 2023. The two initial trims were fleet-focused work truck variants before a passenger-friendly RST version arrived in 2024. This summer, Chevy introduced the 2026 version of the Silverado EV, featuring an EPA range of 493 miles.
That range estimate also applies to the Max Pack Work Truck trim of the 2026 Silverado EV Work Truck, which GM engineers recently used to achieve a new world record for EV range, besting the previous leader by over 300 miles.
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Source: GM
Silverado Work Trucks nabs EV world record for range
GM shared details of its recent world record-breaking EV range test this morning. Per the American automaker, this engineer-led challenge began as a passion project before evolving into a real-world test of a 2025 Chevy Silverado EV optimized for efficiency.
When we say “optimized,” we don’t mean this pickup was heavily modified to achieve such impressive range. Per GM, both the hardware and software of the Silverado EV Work Truck were left untouched. Here are the modifications that were made before testing:
Windshield wiper blade position lowered to reduce drag
Tires inflated to their highest acceptable pressure for lower rolling resistance
Spare tire removed reduce weight
Wheel alignment optimized
Tonneau cover added for smoother airflow
Climate control turned off for the duration of the test
Testing was performed in summer for optimum ambient temperature for battery efficiency
With these optimization techniques in place, a team of 40 engineers at GM drove a production model Silverado EV WT on public roads near its Michigan proving ground over the course of seven days. To further optimize the EV’s range in hopes of a world record, GM said the engineers used “smart driving techniques” and limited the pickup’s speed to 20-25 mph the entire time.
The result was an industry milestone and, per GM, a new world record in EV range. The Silverado EV WT traveled 1,059.2 miles on a single charge, beating the previous record of 749 miles held by the Lucid Air Grand Touring. The pickup’s range tally also blew away the WT’s EPA-estimated range of 493 miles.
Contrary to GM, Guinness documented and confirmed Lucid’s EV range world record. Additionally, Lucid still wins in efficiency, as the Air Pure achieved 5 miles/kWh compared to 4.9 miles/kWh by the Silverado EV. However, that is not to take away from the team at GM, as this latest real-world test has achieved a welcome industry milestone that should be recognized and celebrated.
Congrats to GM and the engineers at Chevrolet!
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Costco’s EV Marketplace hopes to guide its members through every step of their electrification journey with helpful articles, insights, and resources. The online resource gas just hit its six-month milestone, and to celebrate, they’re rolling out fresh deals on three new Volvo EVs.
UPDATE 05AUG2025: new Cadillac, 2026MY GM vehicles eligible.
“It’s normal to have questions when you’re considering an EV,” reads Costco’s Marketplace copy. “Are EVs safe? How long will my EV last? Can EVs handle harsh weather? We’ve answered these questions and more so you can have peace of mind about living the EV life.”
That’s how it starts, and the Marketplace, true to its word, continues with informational articles about EV incentives (Money Matters), charging FAQs (All About Charging), the differences between hybrids, PHEVS, and EREVs (Hybrids and PHEVs), and Expert Perspectives on topics like autonomous driving and buying usd EVs.
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It’s pretty basic stuff, and you’d probably get a lot more nuanced and useful real-world takes on the hows and whys of fitting an EV into your everyday life by reading the comments on Electrek, but the Costco site passes the Jo Borrás Father-In-Law Test™: it’s easy, accessible, and does everything it can to avoid taking any sort of environmental or political stand.
And, best of all, it neatly organizes all the different GM EVs eligible for Costco member discounts. And, now through September, that list includes a (returning) trio of all-electric Volvo models: the EX90, EX40, and Electrek EV of the year for 2024, the Volvo EX30.
Check out the deals, below, and click on the Make/Model names (trusted affiliate links) to find more discounts and deals on new EVs in inventory near you.
Costco members only Volvo deals
Volvo EX30, via Volvo.
Volvo EX90 $ 1,500 incentive for Gold Star & Business members $ 2,000 incentive for Executive members
Volvo EX40 $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Volvo EX30 $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Costco members only GM deals
2024 Chevy Blazer EV RS, via GM.
Chevrolet Blazer EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Chevrolet Equinox EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Chevrolet Silverado EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
GMC Sierra EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
GMC Hummer EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Cadillac OPTIQ $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Cadillac VISTIQ $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Cadillac LYRIQ $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
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