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For 2023, Electrek has decided to make the Tesla Model Y its vehicle of the year. Well, it’s not as much us who decided, car buyers did.

With Model Y becoming the first electric vehicle to become the best-selling car in the world, how can we not make it the vehicle of the year?

Generally, when choosing a new vehicle of the year, publications choose new vehicles that launched that year. And there were plenty of fantastic new electric vehicles that came to market in 2023.

But we feel it’s more appropriate to choose the electric vehicle that has had the best impact this year, and by that criteria, I think Model Y is the undeniable winner.

Throughout the year, Model Y has broken records across many markets by not only becoming the best-selling electric vehicle but also becoming the best-selling vehicle period in those markets.

Last year, Model Y already became the fourth best-selling vehicle in the world behind only the Ford F-Series, Toyota Rav4, and Toyota Corolla.

Model Y was at about 750,000 units, while the Corolla was sitting in first with 1.1 million.

In 2023, with all those new records in massive markets, the electric vehicle is on track to beat that number while the Corolla is slightly down.

That should make the Tesla Model Y the best-selling passenger vehicle in the world in 2023.

Tesla achieved that by adding Model Y production to Gigafactory Texas and Berlin on top of the existing production in Fremont, California, and Shanghai, China.

On the demand side, Tesla had to cut prices throughout the year to keep orders coming in amid increasing interest rates, but the automaker was able to do that thanks to its industry-leading gross margin.

The feat is also impressive considering the fact that Model Y starts at exactly twice the $22,0000 starting price of the Corolla in the US.

Most of the industry laughed at Elon Musk when the CEO estimated the demand for the Model Y between 500,000 and 1,000,000 units per year back in 2016. 

Now, it’s even exceeding that.

It’s hard to overstate the impact of having an electric vehicle program now reaching 1 million units annually and becoming the best-selling passenger car in the world.

Tesla’s mission was always to accelerate the transition to electric vehicles both directly with its own vehicles and indirectly by putting pressure on the industry. The Model Y managed to do both by adding an enormous number of EVs on the road that are replacing gas mileage and by showing the rest of the industry that if they want to have the best-selling car now, it needs to be electric.

Tesla Model Y

It’s clear why Model Y sells so well. It took everything Tesla did great with Model 3, and there’s a lot of that, and made it into a form factor that fits the most popular segment in the world: small SUVs/crossovers.

The vehicle has the performance and driving dynamics of a sports car, the cargo space of a small SUV, and that’s subjective, obviously, but it looks fantastic.

The design is simple yet strong. Many say it looks too much like Model 3, but can’t you blame Tesla if it happens that Model 3’s design transforms so well into a crossover?

Model Y can also have a factory tow package with a small but still useful 3,500-lbs towing capacity. This contributes to making Model Y a sort of Swiss army knife of a car.

The Model Y also has the same advantages as all Tesla vehicles, like the over-the-air software updates that make the vehicle better (for the most part) every few months.

I know that the spartan interior of the Model Y is a bit polarizing, but I like it:

It’s not crowded with buttons and controls. Even the AC fans and speakers are hidden. It helps create a zen feeling to the vehicle’s interior. Whenever I sit in my Model 3 (very similar interior to Model Y), I feel relaxed, which is a welcomed feeling when you are about to sit Montreal traffic for an hour.

Also, if you haven’t sat in the latest generation of Model Y and Model 3, I would recommend it. Tesla has made a lot of improvements to its seats. I understand that it depends on your body type, but it is perfect for me (6’0″, 180 lbs).

The Full Self-Driving package is a wild card, and its value depends on your faith in Tesla delivering on its promise, but Autopilot is a solid level 2 driver assist system.

If I was going to list all the cool technology in the Model Y, we would be here all day, but as a Northerner, I want to mention the very efficient heat pump in Model Y. It’s a game changer for winter driving in colder climates.

With all that technology, smart design, and performance, a starting price of $44,000, which is $4,000 less than the average new car price in the US, and up to 330 miles of range, it’s easy to see why Model Y would be so popular.

It’s so popular that it is now the best-selling passenger car in the world. But today, it receives its biggest honor yet: being Electrek’s vehicle of the year.

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Priority launches Skyline e-bike with high-end Pinion gearbox, Gates belt drive, and surprising price

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Priority launches Skyline e-bike with high-end Pinion gearbox, Gates belt drive, and surprising price

Priority Bicycles just pulled the wraps off its most advanced electric bike yet, and it’s got some serious hardware under the hood – or rather, in the bottom bracket. Say hello to the absurdly high-end for a direct-to-consumer (D2C) e-bike, the Priority Skyline.

The newly launched Skyline combines the company’s signature low-maintenance design philosophy with one of the most sophisticated drivetrains in the bike world: a Pinion C1.12i Smart.Shift gearbox, paired with a Gates Carbon Drive belt and 750W torque-sensing rear hub motor.

And if you’re thinking that sounds like a US $6,000+ setup, you wouldn’t be wrong. That Pinion gearbox alone probably costs half the price of the bike or more when sold as a standalone unit. But somehow, Priority has managed to bundle it all together, even including integrated lighting, hydraulic disc brakes, a 720Wh battery, throttle, front suspension, and commuter-ready accessories. And all of that for just $3,999 (or $3,699 with a limited-time launch discount).

And referencing a $6,000 figure makes sense when you look at other brands. High-end German e-bikes like Stadtfuchs and Waldwiesel.E that also use this drivetrain cost between $5,600 to $6,500, to put things in perspective. Are they the same thing? Of course not. Don’t be insulting. Those bikes are half as fast and with a third the power of the Skyline.

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But none of this should really come as a surprise. This combination of bike-shop-level quality and direct-to-consumer pricing is classic Priority, a company that continues to carve out its own niche in the e-bike world (as well as the pedal bike world, for those with more stamina than I).

While most D2C brands cut corners on components to hit budget price points, Priority has built a reputation around spec’ing top-shelf parts like belt drives and internally geared hubs, and delivering them at prices that feel like they snuck past a spreadsheet somewhere.

But this time, they’ve outdone themselves.

A drivetrain you’d expect on a high-dollar Euro e-bike

At the heart of the Skyline is that Pinion C1.12i Smart.Shift system. If you’re not familiar, think of it like a car transmission for your bike. The sealed gearbox sits at the crank, offering 12 electronically actuated gears across a massive 600% gear range. It of course lets you shift at a standstill, while coasting, or even under load, but there’s so much more to it than that.

What really sets it apart is the automatic shifting technology. With Pinion’s Pre-Select feature, you set your ideal cadence and the bike handles the rest, changing gears between pedal strokes to keep you spinning at your sweet spot. No more gear mashing or hunting for the right sprocket. There’s even a Start-Select mode that resets your gear when you come to a stop, so you’re always ready to accelerate smoothly when the light turns green. And it’s doing all this behind the scenes without you ever knowing it.

Plus, since it’s paired with a Gates Carbon Belt Drive, the whole system runs whisper-quiet, grease-free, and nearly maintenance-free. This is the same tech you’ll find on expensive European trekking bikes, but here it’s part of a package that’s priced like a mid-tier commuter. Except that this bike is anything but mid-tier.

Real power, real-world rideability

Backing up the drivetrain is a 750W rear hub motor with both torque-sensing pedal assist and a thumb throttle for when you just want to cruise. The system delivers smooth, intuitive acceleration up to 28 mph for full class 3 performance, with impressive responsiveness thanks to the torque sensor and the gearbox’s finely spaced ratios.

The hub motor might sound like a strange choice for a higher end e-bike, but they’re becoming more common as higher end motor makers create attractive models for bike companies to choose from. These types of sophisticated gearboxes like Pinion’s take up the typical mid-drive motor’s place in the bottom bracket, leaving a rear hub motor as the best option. You pay for it in extra rear weight, but you make up for it in the pleasurable ride feel that the drivetrain provides.

And the Skyline isn’t just about power, it’s about control. That means hydraulic disc brakes with motor cutoff, wide 650x50c Maxxis tires, and a suspension fork with 80 mm of travel to soak up potholes, curbs, and unexpected detours.

Battery range should be solid too, thanks to a 720Wh downtube-integrated battery, giving the bike a clean, streamlined look while offering ample juice for long commutes or weekend rides.

And yes, all the commuter-ready features are here: full fenders, an integrated rear rack, integrated 500-lumen front light, brake-sensing rear light, and a comfortable sport saddle.

While this certainly isn’t a trail-oriented bike, it should be able to handle moderate trekking duties and gravel trails while still holding a strong position as an everyday commuter e-bike. And while the throttle is obviously there to support the North American need for one, a bike with this kind of beautiful transmission technology should really have its throttle tapped sparingly. The pedal assist on this thing is going to feel so good that I can see the throttle going neglected most of the time.

The Priority Skyline is available now for pre-order, with shipping expected soon. And if you’re even remotely interested, that $300 launch discount runs through August 18, so now’s probably the time to stop gawking and start clicking.

Electrek’s Take

Priority is a fascinating company in the e-bike space. Unlike some of the flashier D2C brands chasing viral hits, they’ve quietly built a loyal following by obsessing over the rider experience, particularly for folks who want a bike that just works, without the mess or hassle of traditional drivetrains. Low-maintenance is their fetish and they don’t do anything else.

I bought my first Priority e-bike back in 2020 and I’ve ridden several models since. I’ve become a huge fan of the brand simply because I haven’t found another company that does high-quality at reasonable prices better than them. Of course $3,699 isn’t low-cost, but it’s very low for what you’re getting with the Skyline. And Priority has solid e-bikes for as low as $1,799 as well, if going this far up-shelf isn’t in the stars.

But the Skyline is their new top-end electric bike and it feels like the culmination of everything they’ve been working toward: clean design, incredible components, real-world performance, and a price that makes you wonder how they pulled it off. Previously, Lectric eBikes was the only brand that could get Pinion gear on an e-bike and make it affordable, yet they only went with the 6-speed, not to mention cut a few other corners. Don’t get me wrong, the Lectric One is an incredible bike, but the Skyline is a full-size, multi-terrain commuter with a true torque sensor, more battery, and higher-end parts.

Is it heavy? Sure. A whopping 68 pounds is a lot. And the total color options of… one, well that’s not exactly tickling my creativity bone. But hey, it comes in three sizes and just how many SKUs can you stock at this price? And the fact that this e-bike has an automatic electronic 12-speed Pinion gearbox, a Gates belt, plus a throttle-enabled and torque-sensing 750W motor – all for under $4K – is borderline absurd. It’s the kind of thing you’d expect from a boutique European brand with a much higher price tag, not from a US company selling direct to consumers.

Priority says the Skyline is meant to “blur the line between rider and bike,” and after looking at the spec sheet, I believe them. This is more than a commuter, it’s a serious piece of gear for anyone who values seamless performance, low maintenance, and a joy-to-ride experience.

I’ll be reviewing this model soon and despite my expectations being sky high, I’m pretty darn sure Priority is going to be there like they always are.

Until I’m back with a review article and video on my experience with the bike, let’s hear what you think of the Skyline. Sound off in the comments section below!

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Why the oil market believes Trump will back down from tariffs on Russian crude buyers

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Why the oil market believes Trump will back down from tariffs on Russian crude buyers

FILE PHOTO: Crude oil tanker Nevskiy Prospect, owned by Russia’s leading tanker group Sovcomflot, transits the Bosphorus in Istanbul, Turkey September 6, 2020. 

Yoruk Isik | Reuters

The oil market is shrugging off President Donald Trump‘s threats to impose heavy tariffs on countries that buy Russian energy exports.

Trump has given Russia until Friday to agree to a ceasefire in Ukraine. If Moscow does not comply, the U.S. will impose 100% “secondary tariffs” on countries that buy Russian exports, the president has said. This would in theory force countries to choose between buying Russian oil or trading with the U.S.

India, China and Turkey are the most exposed as the three biggest importers of Russian oil. Trump on Wednesday targeted India with a 25% tariff for buying Russian crude, a much lower rate than the 100% penalty he originally threatened. Oil prices closed 1% lower as traders seem to believe the president is bluffing and the tariff won’t really go into effect.

“Given the price response to the news, it would appear that current threats are considered a negotiation tactic by Trump and little more,” Matt Smith, an oil analyst at Kpler, told CNBC.

India is Russia’s biggest oil customer, importing about 1.7 million barrels per day, according to Kpler data. If Trump follows through on the tariff, oil prices would jump because barrels that Russia exports to India cannot be easily rerouted to other destinations, Smith said. Moscow would have to shut in some production, which would take supply out of the global market, he said.

But the market senses right now that Trump is going to back down, said Bob McNally, president of Rapidan Energy. The additional tariff against India does not go into effect for 21 days, providing time for the countries to reach an agreement.

“Traders believe that there will be a deal, that it really won’t go into effect,” McNally told CNBC. “And if it did, India would probably just pay the tariffs and keep importing Russian oil,” he said of traders’ thinking.

India hasn’t been a good trading partner, will raise tariffs over Russian oil: President Trump

The Trump administration has not always backed up its words with actions when it comes to energy sanctions, said Helima Croft, head of global commodity strategy at RBC Capital Markets, in a note to clients. Iran’s oil exports, for example, remain elevated despite declarations from the White House that it is imposing a maximum pressure campaign, Croft said.

“Our base case is that Russia will resist making serious concessions, believing that President Trump will blink at imposing measures that could push energy prices materially higher and that the White House’s newfound support for Ukraine will dissipate,” Croft told clients in the July 30 note.

Steep tariffs on Russian oil buyers would jeopardize Trump’s push to reduce energy prices. The president said last month that he wants U.S. crude prices to fall below $64 per barrel. In an interview with CNBC Tuesday, the president said low oil prices would force Russia to end its war in Ukraine.

“If you sanction hard enough that Russia can’t sell its oil, prices at the pump will soar — that’s just the barrel math,” McNally said.

Trump seemed to acknowledge Wednesday that there would not be ceasefire by his deadline. He said his special envoy Steve Witkoff “had a highly productive meeting with Russian President Vladimir Putin.”

“Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come,” Trump said in a post on Truth Social.

Trump and Putin have agreed in principle to meet in the coming days, according to the Kremlin. If Putin refuses to make concessions, Trump will likely continue down the road of energy sanctions, McNally said. This includes targeting big importers of Russian oil, namely China.

“He will have to go gingerly because of the blowback risk in terms of higher oil prices,” McNally said. “He has to do so in a way that isn’t counterproductive and that’s a tricky problem to solve.”

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Lyten just took over $5B of Northvolt’s battery empire

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Lyten just took over B of Northvolt’s battery empire

Northvolt’s facilities are about to get a second life in Europe, thanks to a San Jose, California-based lithium-sulfur battery maker: Lyten announced today that it’s acquiring all of Northvolt’s remaining assets in Sweden and Germany.

That includes three major facilities: Northvolt Ett and its planned expansion in Skellefteå, Sweden; Northvolt Labs in Västerås, Sweden; and Northvolt Drei in Heide, Germany. Lyten is also taking over all of Northvolt’s remaining intellectual property and says several Northvolt execs will be joining the team.

Lyten hasn’t shared the financial details, but the scope is huge. The deal gives Lyten control of over $5 billion worth of manufacturing assets, including 16 gigawatt-hours (GWh) of existing battery production capacity and another 15+ GWh under construction. The company says the sites have room to grow to more than 100 GWh and also include what it calls the most advanced battery R&D center in Europe.

“This is a defining moment for Lyten,” said CEO and co-founder Dan Cook. “Demand for Lyten lithium-sulfur batteries is growing exponentially to meet energy independence, national security, and AI data center needs.”

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This isn’t Lyten’s first Northvolt pickup. Last November, it acquired Northvolt’s Cuberg battery plant in California. In early July, it announced plans to acquire Northvolt Dwa, a massive battery energy storage system (BESS) facility in Poland. And late last month, it picked up Northvolt’s BESS product and IP portfolio.

Lyten says it plans to bring Skellefteå and Västerås back online as soon as the deal closes. It’s also aiming to restart the Poland site immediately to keep up with demand from more than 20 countries for its battery storage systems.

The company is also in talks to acquire Northvolt Six, which is building a new 15 GWh battery factory in Quebec, and says it’s working with Canadian officials to make that happen.

Lyten chairman and co-founder Lars Herlitz framed the deal as a win for energy independence on both sides of the Atlantic:

The combination of Northvolt’s world-class manufacturing assets and low-cost clean energy, Lyten’s world-leading lithium-sulfur battery technology, and Lyten’s abundant US battery materials supply chain creates the right formula to fulfill Europe and North America’s battery manufacturing ambitions.

Lyten already makes lithium-sulfur batteries in Silicon Valley and sells them into the drone and defense markets. It’s preparing to send batteries to the International Space Station and is working with its investor, Stellantis, on EV applications.

The latest acquisition is being funded through private equity investment. Lyten expects the deal to close by the end of the year, pending regulatory approvals in Sweden and Germany.

Once thought of as Europe’s best shot at homegrown EVs and the makers of “the world’s greenest battery,” Northvolt filed for bankruptcy protection in the US in November 2024, and then filed for bankruptcy in Sweden in March 2025.

Read more: Northvolt files for bankruptcy in Sweden – what now for its $7B Canada EV battery plant?


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