Extreme E, the electric off-road racing series, is transitioning to using hydrogen instead of batteries for the 2025 season, and today it unveiled the car it plans to use next year – when it will also change its name to Extreme H.
Extreme E is in the midst of its fourth season right now, having had the first race weekend in Saudi Arabia and with the second race weekend coming up in Scotland, July 13-14.
It’s been exciting to watch, but the series also has a sustainability message – each location is meant to highlight an ecological issue we’re all facing, and the series also does a “legacy programme” where it participates in attempting to solve some local conservation issue (e.g. mangrove or ocean seagrass preservation, wildfires, glacier melt, or so on).
To this end, the series also focuses on being sustainable in its own practices. Cars are shipped from race to race on the St. Helena, an ship converted to use more sustainable technologies and to serve as a research lab for the scientists the series partners with. And the series tries to create less waste in each of its locations, with everyone bringing their own reusable plates and silverware for example.
And since it races in remote locations, it needs to get energy from somewhere. The cars don’t just charge themselves. So the series has been using green hydrogen – made with renewable energy, as opposed to the majority of hydrogen which comes from methane gas – to charge vehicles, with large transportable fuel cells (and second life batteries for backup) bringing power to areas where the grid doesn’t reach.
So, for season 5, Extreme E is “cutting out the middle man” and just going straight from hydrogen to electric power onboard the car, instead of charging a battery with an offboard fuel cell. And here’s next season’s vehicle, which Extreme E – or rather, Extreme H, as it will be known starting in 2025 – is calling the “Pioneer 25.”
Extreme H unveils Pioneer 25 race car
The Pioneer 25 shares a lot of similarities with the outgoing Odyssey 21 car.
They both have ~400kW/550hp worth of power available, can do 0-62mph in 4.5 seconds with a top speed of ~200kph (~124mph), and can scale a slope of up to 130% (53º). So in terms of the basic specs, the cars seem quite close.
But there are a couple small differences that we can see so far. The Odyssey 21 was 2.3 meters wide, and the Pioneer 25 is 2.4 meters. The Odyssey had two “seats,” with the driver offset to the left, whereas the Pioneer seats the driver in the center.
And the biggest difference of all – Extreme E said that the Odyssey weighs 1,895kg (we’re not sure if this includes the driver or not), but it says that the Pioneer weighs 2,200kg, a 305kg (672lb) increase.
That’s a massive difference, especially for a race car, and especially if the cars have the same power available. We’re not sure how they can quote the same 0-60 time with such a weight difference and no difference in motor power (torque is not listed, but is likely the same given that battery electric (BEV) and fuel-cell electric vehicles (FCEV) both run on electric motors, so we’d imagine they’re carrying over the same or similar motors).
And we’re also not sure where all that weight is coming from. One of the supposed benefits of hydrogen is higher energy density, which means less need for heavy EV batteries. But an FCEV needs two more parts that a BEV doesn’t – a fuel cell stack and a high-pressure hydrogen tank. FCEV’s also have a battery to act as a buffer for the fuel cell stack, but it can be a lot smaller than on a full BEV.
But the Odyssey only had 54kWh (40kWh usable) of batteries onboard to begin with – relatively small in the scheme of EV batteries these days. Off-road racing is energy intense, but races for the series aren’t very long, so 40kWh is enough. So cutting battery size could save some weight, but not all that much.
So perhaps the Pioneer still has a relatively large battery (as larger batteries can push more power), and the additional weight of a fuel cell stack and high pressure tank – the last of which has to be pretty heavy duty to hold hydrogen, especially in the difficult racing conditions Extreme H will be racing in (a 700 bar, 4-6kg capacity tank is around 100kg – the Pioneer has a 2kg tank, but may be reinforced more for racing purposes).
Extreme H says that “overall performance of the car has taken a big step forward,” and that the suspension geometry of the car has been fully redesigned. The Odyssey also saw changes over its lifetime, changing suspension suppliers last season to FOX, and the Extreme H will also use FOX suspension.
But we’re still not sure how a car with identical power and much more weight can perform better. Let’s go ahead and put a pin in that for when we see these cars in action.
Thankfully, we’ll have a chance soon. The Pioneer 25 will go on its first public test at the Hydro X Prix in Scotland on July 13-14.
Extreme H also announced a provisional list of race locations for next year, with races in Saudi Arabia, UK, Germany, Italy, and USA.
Electrek’s Take
I think that most of our readers recognize at this point that hydrogen is not going to take off in consumer vehicles. If this series wants to push hydrogen as an idea for consumer cars, or for sportscars, it’s… probably not going to go anywhere.
However, for the race series’ specific use case, it makes some amount of sense. The series was already using hydrogen anyway, and hydrogen is a lot more portable than batteries for places with no grid. And Extreme E thinks it has made its point, demonstrated that BEVs are capable of this type of racing, and can move on to something new now.
But the fact that this move has resulted in such a huge weight gain for the cars is puzzling to me. While I have seen extremely heavy tanks on fuel cell vehicles before (e.g. the Nikola Tre FCEV class 8 truck has four tanks weighing 450lb each, a fuel cell stack and a 164kWh buffer battery, and the Honda CR-V e:FCEV is 1,000lbs heavier than the gas CR-V), you don’t normally see racing/sports cars gaining such enormous amounts of weight in the span of one generation (the 1,000+lb heavier 2025 BMW M5 notwithstanding).
So I struggle somewhat to see the point of this. Previously, Extreme E hosted awesome race events with a neat story, demonstrating environmental issues and showing a realistic and sustainable answer for transportation – BEVs. It fueled those BEVs with hydrogen through offboard stacks and tanks, leaving the weight and complexity of them behind in the paddock as the cars frolick around in the dirt.
Now, it’s hosting awesome race events with a neat story, demonstrating environmental issues and showing off… a transportation answer that demonstrably doesn’t make any sense, lumbering around carrying all this extra equipment that will never see the light of day at scale in consumer applications.
The one thing it could help to encourage is getting the green hydrogen economy going, since currently ~95% of the global supply of hydrogen comes from methane, a fossil fuel that is incredibly damaging from a climate perspective. Green hydrogen is generated by electrolysis of water via renewable energy, essentially using the hydrogen as a more portable but less efficient battery to store that renewable energy.
A green hydrogen economy could be useful if we ever come up with widespread uses for hydrogen (which could find a niche in heavy transport) – but those uses aren’t likely to come in consumer applications. And if they result in a 305kg weight penalty, I don’t really see them happening in racing applications either.
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The all-electric luxury electric SUV is getting significantly cheaper. Lexus launched a new entry-level 2025 RZ trim with starting prices over $10,000 less than last year’s model. And you get just as much driving range.
2025 Lexus RZ electric SUV prices and driving range
Lexus launched its first dedicated EV last year, the RZ electric SUV. Starting at $55,175, the 2024 Lexus RZ 300e has a range of up to 266 miles.
The 2024 RZ 450e AWD, equipped with its dual-moto DIRECT4 system, has a range of up to 196 miles. Prices start at just under $60,000. Both models are offered in Premium or Luxury packages.
Lexus is drastically lowering prices for the 2025 model year. The 2025 Lexus RZ starts at $43,975, and that includes the $1,175 delivery fee.
At under $44,000, prices for the 2025 RZ start at over $10,000 less than last year’s model. The lower price tag comes as Lexus added a new entry-level RZ 300e FWD trim to the lineup.
The 2025 Lexus RZ 300e FWD still has an EPA-estimated 266-mile range (18″ wheels), so despite the lower price, it’s no loss from last year’s model. It’s powered by a 72.8 kWh battery pack from global leader CATL.
2025 Lexus RZ 450e (Source: Lexus)
Lexus modified the subframe for the FWD model, replacing the rear eAxle from the AWD model. The result is a quieter, smoother drive.
Powered by a 71.4 kWh battery, the 2025 RZ 450e AWD has an EPA-estimated driving range of up to 220 miles (18″ wheels).
2025 Lexus RZ model
Starting Price*
EPA-estimated Driving Range
RZ 450e AWD
$48,675
220 miles
RZ 450e Premium AWD w/ 18″ Wheel
$52,875
220 miles
RZ 450e Premium AWD w/ 20″ Wheel
$54,115
196 miles
RZ 450e Luxury AWD
$58,605
220 miles
RZ 300e FWD
$43,975
266 miles
RZ 300e Premium FWD w/ 18″ Wheel
$48,175
266 miles
RZ 300e Premium FWD w/ 20″ Wheel
$49,415
224 miles
RZ 300e Luxury FWD
$53,905
266 miles
2025 Lexus RZ electric SUV prices and range (*Includes Delivery, Processing and Handling fee of $1,175)
The 2025 Lexus RZ is available in three grades. These include the new entry-level model, in addition to the current Premium and Luxury trims.
Inside, the electric SUV has a minimalistic feel with a standard 14″ infotainment with Apple CarPlay and Android Auto support at the center.
You can also opt for the available 10″ head-up display (HUD), Mark Levinson Surround Sound System, and a host of safety features.
The flat platform provides a spacious interior with 37.52″ of rear legroom, nearly as much as the second row of a Ford Explorer (39″).
With the 2025 model arriving at dealerships soon, Lexus is offering closeout prices on 2024 models with up to $18,500 in lease cash discounts. You can use our link to find the best offers on the Lexus RZ at a dealer near you today.
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Markets dipped lower Friday after a rough week for the S & P 500 , which fell 1.7%. Investors are grappling with the potential impact of a Trump presidency, but Jim Cramer argued this “unease on Wall Street” is premature since we still don’t know how the economy will respond to the new administration. Meanwhile, energy and financials are the top-performing sectors, driven by hopes for deregulation and a pro-business environment. Coterra , our oil and natural gas play, stands to gain from increased drilling activity. Jim would “love to double down on Coterra” since data centers will turn more to natural gas to meet soaring energy needs. 2. Jim said he was nervous about Best Buy , the electronics retailer expected to benefit from the refresh AI-powered PC cycle. He’s concerned about how potential China import tariffs under a Trump presidency would squeeze Best Buy’s operating profit, since many electronics sold by the retailer are manufactured in China. Jim debated on Friday whether to trim Best Buy, but hesitated since it is more of a 2025 play. With a small 2% stake in the company, we’re opting to keep a close watch on sales trends, especially as the latest retail data shows strength in electronics and appliances — an encouraging sign heading into the holiday shopping season. 3. A bright spot in a down market is solar company Nextracker . Solar stocks rose Thursday after a Reuters report suggested clean energy policies under Biden’s Inflation Reduction Act “will be tough to roll back” as companies have already poured money into the programs. Nextracker rallied more than 6% Thursday on hopes that solar might be spared. However, the stock gave up some of those gains Friday, slipping 3%. Jim pointed out that Trump isn’t against solar companies, but rather he’s against the parts made overseas. Nextracker’s solar solutions are made in the U.S. 4. Stocks covered in Friday’s rapid fire at the end of the video were Berkshire Hathaway and Alibaba . (Jim Cramer’s Charitable Trust is long CTRA, BBY, NXT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
U.S. Secretary of Energy Jennifer Granholm speaks to the media on day five at the UNFCCC COP29 Climate Conference on November 15, 2024 in Baku, Azerbaijan.
Sean Gallup | Getty Images News | Getty Images
A potential decision by Donald Trump to walk back the Biden administration’s climate-geared projects would impact jobs in areas governed by the President-elect’s own party, outgoing U.S. Energy Secretary Jennifer Granholm told CNBC, urging consistency in Washington’s green transition policies.
Referencing the White House’s withdrawal from the Paris Agreement — a 2015 treaty in which nearly 200 governments made non-binding pledges to reduce greenhouse emissions — during Trump’s first mandate, Granholm said the U.S. pressed ahead with projects linked to the green transition that members of Congress wanted to undertake in their districts.
“We are now building all of these projects. We’re building batteries for electric vehicles, we’re building the vehicles, we’re building the offshore wind turbines, we’re building the solar panels. And all of those are factories. And those factories are in districts of members of Congress,” she told CNBC’s Dan Murphy on Friday at the COP29 U.N. climate conference held in Baku, Azerbaijan.
She estimated that 80% of the funding from U.S. President Joe Biden’s legacy bills — the Inflation Reduction Act and the Bipartisan Infrastructure Law — went to U.S. districts represented by Republican leadership.
“It would be political malpractice to undo those opportunities when people are just now getting hired,” she said, stressing benefits to the manufacturing sector and noting that the business community of the world’s largest economy and oil producer now wants a clear course from Washington on its climate policy.
“This isn’t about in [the Paris Agreement], out, shifting back and forth. Let’s have a consistent practice,” she said.
When asked for a response on Granholm’s comments, Karoline Leavitt, a spokeswoman for Trump’s transition team, said the president-elect will “deliver” on the promises he made on the campaign trail.
International focus has now shifted on the shape of the U.S.’ future role in global climate policy, as Trump prepares to take the helm at the White House for a second mandate in January, following a sweeping victory against Democrat candidate Kamala Harris. Trump — who has yet to announce his own pick to lead the U.S. Department of Energy — put hydrocarbons at the front and center of his campaigning agenda, pledging to “end Biden’s delays in federal drilling permits and leases that are needed to unleash American oil and natural gas production.”
The U.S. Energy Information Administration (EIA) in March said that the country already “produced more crude oil than any nation at any time” for the past six years to 2023, averaging a crude oil and condensate production of 12.9 million barrels per day that year — breaking the previous U.S. and global record of 12.3 million barrels per day recorded in 2019, during Trump’s first mandate.
Yet Granholm on Friday stressed that the clean transition is also “unleashed” and will take place regardless of who is leading the White House — and that ignoring climate change risks sacrificing Washington’s position as a frontrunner in the blooming decarbonization industry.
“Why would we take a second, a backseat to an economic competitor like China?” she asked. “They have an economic strategy, they want to be number one. So if we get out of the game, we’re just going to cede that territory all over again. It’s bad strategy for the United States and for workers and for communities across the country.”
As the world braces for the possibility of a second U.S. exit from the Paris Agreement, some climate activists note that the green transition has now gained a different global momentum than during Trump’s first turn at the White House:
“There is no denying that another Trump presidency will stall national efforts to tackle the climate crisis and protect the environment, but most U.S. state, local, and private sector leaders are committed to charging ahead,” Dan Lashof, U.S. director of the World Resources Institute, said in a Nov. 6 statement.
“Donald Trump heading back to the White House won’t be a death knell to the clean energy transition that has rapidly picked up pace these last four years.”
Granholm also identified potential support in Trump’s current entourage, which this week welcomed business tycoon Elon Musk as the president-elect’s choice to head a new Department of Government Efficiency, alongside conservative activist Vivek Ramaswamy:
“His right-hand man, Elon Musk, is somebody who has been strongly in favor of products that … address climate change. Obviously, he’s the founder of Tesla,” Granholm pointed out.
Musk’s environmental stance has come under question over the years, shifting from telling Rolling Stone magazine that “climate change is the biggest threat that humanity faces this century, except for AI” and backing carbon taxes to holding that the world needs hydrocarbon supplies as a bridge to renewable energy.