India deepens energy trade with U.S. to mend trade relations amid tariff strain

Published

12 hours ago

November 17, 2025

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A man pushes a tricycle loaded with LPG cylinders on the road below the Adani signage in Mumbai. US based Hindenburg Research firm’s allegation on fraud by Adani Enterprise has sparked political debate in India by the opposition parties.

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India is ramping up its energy imports from the U.S. in a bid to reduce its trade surplus with Washington — a key demand of the Trump administration during trade negotiations with New Delhi.

On Monday, Hardeep Singh Puri, Indian union minister of petroleum and natural gas, announced a deal that will see the United States supply nearly 10% of New Delhi’s liquefied petroleum gas (LPG) imports.

Indian state-owned oil companies have signed a 1-year deal to import around 2.2 million tonnes per annum of LPG, from the U.S. Gulf Coast, he said in a post on X, calling it “a historic first.”

This would be the “first structured contract of U.S. LPG for the Indian market” and the purchases would be based on “Mount Belvieu as the benchmark for LPG purchases,” he said.

“We believe that this move is for diversifying our LPG sourcing, which is currently concentrated in the Middle East, and also to reduce trade surplus with the U.S.,” Nomura’s equity analyst for energy Bineet Banka told CNBC in an emailed response.

India’s total LPG imports are around 20-21 million tons annually, he said adding that if 10% of that supply is sourced the U.S., at current prices, it implies an incremental import of $1 billion from the U.S. Though Banka said that the incremental imports are “not much” compared with the India’s trade surplus of $40 billion with the U.S.

Since August, ties between the U.S. and India have been strained after Washington imposed a tariff of 50% on Indian goods. Reciprocal tariffs of 25% were imposed on Indian goods as part of a broad strategy to address trade imbalances and boost domestic industries, while the other 25% was due to India’s import of Russian oil.

U.S.-India energy trade deepens

In September, President Donald Trump doubled down on his criticism of India, referring to trade ties with the country as “a totally one-sided disaster!”

During that same month, Indian Commerce Minister Piyush Goyal, who was in the U.S. for trade negotiations, had reportedly said that India will increase its trade with the U.S. on energy products in the years to come.

“And being close friends, natural partners, our energy security goals will have a very high element of US involvement,” the Indian minister had said.

Since then, the two sides have softened their stances, with Trump recently evoking memories of his last visit to India and referring to Prime Minister Narendra Modi as “his friend” and a “great man,” as he addressed reporters at the White House on Nov 6.

The U.S. President also said that India has “largely stopped buying Russian oil,” a fact which is yet to be backed by data.

According to data shared by tanker tracker, Kpler, as of Nov. 17, India’s imports of Russian crude oil remain at a relatively high level, at 1.85 million barrels per day compared to 1.6 mbd in October.

“Given that buyers are granted until Nov 21 to wind down transactions with Rosneft and Lukoil, Indian refiners are expected to rush to bring in as many barrels as possible in the next few days,” said Kpler’s Muyu Xu.

But she added that India’s imports of U.S. crude “saw a sharp rise in October, reaching 568 kbd (thousand barrel per day)—the highest level since February 2021.”

India imports around 5 million barrels per day of crude oil, according to data from Nomura which predicts that the total impact on the import bill will be around $1.1 billion, assuming that 35% of the Russian mix this year comes down to 15% and taking into account an average Russian crude discount of $3 per barrel.

Impact on Indian economy

Experts are divided as to how this change of energy mix will affect India’s economy.

According to Nomura’s Asia Economics team, “India could also stand to gain if this shift [away from Russian crude imports] leads to a trade deal with the US and the lowering of tariffs.” The firm assumes that the 25% Russian penalty “will be removed after November, while the 25% reciprocal tariff stays through FY26.”

But Rystad Energy’s Pankaj Srivastava cautions that India’s import bill is expected to increase.

“With thawing of US-India relations, reduction of tariffs, planned expansion of refineries in 2026/2027 along with petrochemical plants, import bill is expected to increase unless India substantially increase the domestic production,” Srivastava, senior vice president of commodity markets at Rystad told CNBC.

Environment

Tesla Robotaxi had 3 more crashes, now 7 total

Published

43 mins ago

November 17, 2025

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Tesla Robotaxi had 3 more crashes, now 7 total

Tesla reported three more crashes involving its Robotaxis in Austin, Texas – now bringing the total to 7 incidents despite low mileage and in-car supervisors preventing more accidents.

Since the launch of the ‘Robotaxi’ service in Austin, Texas, where Tesla moved the supervisor from the driver’s seat to the passenger seat, it now has to report crashes to NHTSA.

In the first month of operation in July, Tesla reported three crashes with its Robotaxi service.

The automaker reported one more Robotaxi crash last month, and this one was interesting because it coincided with Tesla announcing that the Robotaxi fleet had traveled 250,000 miles from its launch in late June to early November.

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It revealed Tesla’s current Robotaxi crash rate, which is about 2x higher than Waymo’s, despite in-car supervisors that prevent an unknown number of crashes.

Now, Tesla has reported to NHTSA three more incidents that happened with the Robotaxi fleet in Austin in September:

Report ID	Incident Date	Incident Time (24:00)	City State	Crash With	Highest Injury	Severity	Alleged SV	Pre-Crash Movement	CP Pre-Crash Movement	Narrative
13781-1178	7 SEP-2025	13:08	Austin TX	Animal		No Injured	Reported	Stopped	NM Crossing Roadway	[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1178	6 SEP-2025	03:43	Austin TX	Non-Motorist: Cyclist	Property Damage.	No Injured	Reported	Stopped	Moving Alongside Roadway	[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1178	4 SEP-2025	20:42	Austin TX	Passenger Car	Property Damage.	No Injured	Reported	Proceeding Straight	Backing	[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1168	7 SEP-2025	01:25	Austin TX	Other Fixed Object	Property Damage.	No Injured	Reported	Making Left Turn	NaN	[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1150	7 JUL-2025	03:45	Austin TX	SUV	Property Damage.	No Injured	Reported	Stopped	Proceeding Straight	[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1145	9 JUL-2025	12:20	Austin TX	Other Fixed Object	Minor	W/O Hospit	alization	Other, see Narrative	NaN	[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1137	5 JUL-2025	15:15	Austin TX	SUV	Property Damage.	No Injured	Reported	Making Right Turn	Making Right Turn	[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]

Unlike other companies reporting to NHTSA, Tesla abuses the right to redact data reported through the system. The automaker redacts the “narrative” for each reported crash, preventing the public from knowing how the crashes happened and who is responsible.

Based on the limited information in Tesla’s reports, we know that one of the new crashes involved a Robotaxi driving into a car backing up, another involved a cyclist, and the last one involved an unknown animal.

Electrek’s Take

My favorite thing about reporting on those is the messages from Tesla fans who say: You don’t know how many of those Robotaxi are responsible for?

It’s funny because I agree, but whose fault is that? Tesla could do like every other company and report the narratives.

Waymo does, and it’s clear that it isn’t responsible for many of the crashes they are involved in. I am sure that’s the case with some of those Tesla Robotaxi crashes.

However, Waymo has hundreds of millions of rider-only autonomous miles, and Tesla has a few hundred thousand, all with a supervisor on board, a finger on a killswitch, ready to prevent further crashes. Who knows how many more crashes Tesla would have had without them?

I expect a few because humans generally have a crash, whether they are at fault or not, every 700,000 miles. Tesla has 7 in probably ~300,000 miles, which should be worrying to anyone, whether the Robotaxis were responsible or not.

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Environment

Hyundai is cooking up a new off-road SUV, and it sure looks electric

Published

2 hours ago

November 17, 2025

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Hyundai is cooking up a new off-road SUV, and it sure looks electric

Hyundai is bringing “something big” to the LA Auto Show this week, and the teaser points to a slick new off-road electric SUV. Here’s our first look.

What is this off-road Hyundai SUV?

The LA Auto Show is just days away, and Hyundai is gearing up to steal the spotlight once again. Last year, it was the IONIQ 9, Hyundai’s first three-row electric SUV. What will it be this year?

Hyundai gave us a sneak peek of a new “extreme off-road show vehicle,” the Crater Concept, ahead of its upcoming debut.

Although details are still pretty slim at this point, the sketch shows a high-riding, rugged SUV, clearly designed for off-roading with massive tires and aggressive wheel arches.

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Hyundai didn’t say what powertrain the off-road SUV will use, but given the closed-off grille and no visible tailpipes, all signs point to it being electric in some way. It could be a battery-electric (EV) or even a fuel-cell-electric vehicle (FCEV).

The Crater Concept looks a bit like the new Nexo, Hyundai’s dedicated hydrogen fuel cell vehicle. The updated Nexo introduces Hyundai’s new “Art of Steel” design language, which was first shown on the Concept THREE electric hot hatch in September.

Hyundai said the design theme “combines resilience with artistic form,” which exudes strength and sophistication.

The dour dot lamps on the Crater Concept look about the same as Hyundai’s new “HTWO” lamps, exclusive to its FCEVs.

Hyundai said the Crater Concept has been “crafted to amplify the same spirit and robustness found in Hyundai’s XRT production vehicles,” like the IONIQ 5 XRT, Santa Cruz XRT, and new Pallisade XRT Pro.

The design team at Hyundai Design North America also introduced its new design and ideation studio on Monday, codenamed “The Sandbox” internally.

Hyundai’s new creative hub is exclusively dedicated to creating new outdoor adventure vehicles and rugged Xtreme Rugged Terrain (XRT) gear.

Will the Nexo be next? It sure looks like it. Hyundai will reveal the Crater Concept during a livestream press conference at the LA Auto Show on November 20 at 9:45 am PT. Check back for updates.

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Environment

Electric big rigs get a new fast-charge pit stop in California

Published

2 hours ago

November 17, 2025

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Electric big rigs get a new fast-charge pit stop in California

Electric charge California — Image: Terawatt

Terawatt Infrastructure has switched on its newest commercial EV charging hub in Rialto, California, giving electric truck fleets a new high-speed charging stop along one of the US’s busiest freight routes.

The hub is situated on the eastbound side of I-10 and is designed for heavy-duty fleet use, particularly for trucks traveling from the Ports of Los Angeles and Long Beach through Southern California’s industrial centers.

Neha Palmer, Terawatt CEO and cofounder, said, “Our network enables companies to reduce emissions and run a variety of routes across a number of vehicle classes with the confidence of a dependable charging solution. EV fleets can now travel further, more cleanly, without slowing down their operations.”

The Rialto site is built with high‑speed charging, security, and amenities that support daily freight operations. Here’s what it offers:

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18 pull‑through 350 kW DC fast‑charging stalls
55 bobtail parking stalls for overnight or shift‑based parking
A driver lounge with wifi, climate control, and restrooms
License plate recognition for quick entry
Solar canopies and 100% renewable‑powered charging
24/7 security with cameras and gated access

Terawatt’s first medium- and heavy-duty electric truck charging stop in California, Rancho Dominguez, opened in April.

In September 2024, Terawatt joined some of the world’s largest shippers and carriers to launch the I-10 Consortium heavy-duty EV operations pilot, described as the first-ever US over-the-road electrified corridor. As part of that effort, Terawatt is providing charging infrastructure, including software, operations, and maintenance support, at six of its owned charging hubs along the I-10 corridor.

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