Finally, Bentley says it has found the winning formula to giving an all-electric vehicle the Bentley stamp of approval. It’ll scream luxury and likely cost a bloody fortune.
The British ultra-luxury brand, owned by Volkswagen AG, is once again pushing back its target to exclusively offer BEVs by five years to 2035, but says it is launching a “luxury urban SUV” – its first all-electric vehicle – in 2026.
Back in 2018, Bentley started making the transition with its Bentayga Hybrid, and now the brand offers plug-in hybrid versions of the Continental GT and Flying spur.
Bentley, a brand synonymous with lavish and powerful cars with 12- and 8-cylinder engines that can cost in the millions for special editions, also said it plans to offer a new EV or plug-in hybrid electric vehicle each year until 2035 – the company had originally targeted the end of this decade for going all electric, but it has pushed that back by five years.
“To be honest, there is not a lot of demand [for BEVs] from today’s Bentley customers,” CEO Frank-Steffen Walliser said during a press conference yesterday, as reported by Reuters.
But he is not ruling out legislative changes and a new generation of consumers who want a sleek, expensive EV.
“But we see there are new customers out that definitely want to have a very modern car.”
“Legislation, for sure, is driving electrification … but also competition,” Walliser said.
He did add the caveat that the 2035 target could shift even more, as some global regions are electrifying more slowly. “Some parts of the world may be even slower than 2035,” he said. “We listen carefully to our customers… and what they want to buy.”
The company ended production of its famed W12 engine this year, and now it focuses on PHEVs with 8- or 6-cylinder engines. And it says it’ll keep making PHEVs “as long as markets and customers demand it,” said Matthias Rabe, head of Bentley’s research and development. He also noted that Bentley may continue to release new ICE vehicles in the years to come as well.
Bentley to launch its first all-electric vehicle in 2026
Bentley’s first BEV was initially expected to be produced starting next year. Former CEO Adrian Hallmark had said prior that the plans to launch a new EV had been delayed due to software issues as well as designing a vehicle to Bentley’s exacting standards, rather than market conditions.
The company only hinted at the shape of the new EV with a sketch, which shows a similar profile to the Bentayga SUV – for reference, the 2025 model of the Bentayga starts at around $208,000. But it’ll be more compact, Walliser noted, at under 5,000 mm (16.4 feet) in length, so similar in size to the Porsche Cayenne or Audi Q7, and it’ll be built on the same platform as the upcoming Porsche Cayenne EV.
While Bentley didn’t share any statistics about the new model, it did note that range and charging speed will be top priorities. And of course, customers can expect the Bentley signature craftsmanship that are essential to the brand: “We don’t want to make just any electric car; we want to make a Bentley,” said Walliser.
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Young electric boat racing series E1 capped off its inaugural season last month with the first championship going to a team led by someone who knows how to win – Tom Brady. As we approach the new year, E1’s focus is on season 2, and it has shared the tentative racing calendar, which includes seven Grand Prix events scattered worldwide, including a race in the USA.
The UIM E1 Championship Series is an electric boat racing league that recently capped off its inaugural season. E1’s season 1 calendar initially consisted of eight scheduled Grand Prix, where its initial nine teams, led by owners like Rafael Nadal, Will Smith, and Marc Anthony, battled every couple of months for a chance to raise the first-ever E1 trophy.
As a nascent league, the E1 Series shifted its schedule several times in the past year. The league’s initial start was pushed, but several events ended up being locked in for competition around the globe.
Events originally planned for Geneva and Rotterdam were nixed mid-season, but the E1 racing teams have competed in five Grand Prix, including Jeddah, Venice, Monaco, and most recently, Lake Como. The E1 Championship was scheduled to take place in Hong Kong in November, but E1 ended up switching the date and location of that season finale to TBC before skipping it altogether.
As such, Team Brady, led by NFL legend Tom Brady, ended the shortened E1 season 1 racing calendar with the most points and was awarded the UIM Championship trophy. We asked a representative why the championship event in Hong Kong was no longer happening and were told that E1 decided it was in its best interests to conclude season 1 after the fifth event in Lake Como and shift its focus to season 2, with an exciting calendar of events to be announced “very soon.”
In early October, before we got details of an official racing calendar for season 2, E1 shared one confirmed location for a Grand Prix in 2025 – Doha in Qatar. Today, E1 has shared its full tentative racing calendar for season 2, and while some events remain TBD, there are some exciting locations on the schedule, including an event in the US.
E1’s season 2 racing events include Monaco and USA
The UIM E1 Championship announced its tentative racing calendar for season 2 this morning, including Grand Prix events returning to coastal areas like Jeddah, Monaco, and Lake Como and some new races in places like Doha and the US. E1 co-founder and CEO Rodi Basso spoke:
‘To see our revolutionary electric racing series come to life in season one was an incredibly special feeling. E1’s growth and expansion across the globe shows that it has arrived as a truly global sport. The inclusion of new race locations in Qatar and the United States in season two, with more to come, is a testament to the growing interest and investment in the championship and we are looking forward to taking the sport to new audiences.
Season 2 will kick off in January 2025 with a Grand Prix electric boat racing weekend in Jeddah, Saudi Arabia. Here’s the current E1 racing calendar:
Grand Prix Location(Provisional)
Dates
E1 Jeddah GP, Saudi Arabia
January 24-25, 2025
Visit Qatar E1 Doha GP
February 21-22, 2025
TBA
April, 2025
E1 Monaco
July 18-19,2025
E1 Lake Como GP, Italy
August 22-23, 2025
TBA
October, 2025
TBA – USA
November, 2025
E1 shared that it will continue to accelerate preparations for season 2 and share more details of the 2025 racing calendar soon, alongside news of additional Racebird teams. E1 co-founder and chairman Alejandro Agag also spoke about the league’s upcoming second season:
Our mission in season one was to revolutionize and set a new standard for racing on the water. We are pleased to unveil the season two calendar and to continue to drive towards our mission and expand on this success. The calendar sees an inclusion of new cities around the world who are aligned with our vision of building a sustainable sport, and passionate about E1.
While the racing calendar has not revealed it yet, E1 shared that the season 2 championship will take place in a US city to be announced in December 2024. We are not sure if this is still the plan, but when E1 announced musical artist Marc Anthony was joining the league in December 2023 as the owner of Team Miami, it shared that Anthony’s company, Magnus, would help facilitate and host a Grand Prix in the team’s home city during season 2. If and when that event occurs, it will be E1’s debut in the US.
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Hyundai officially announced prices and EPA range estimates for the new 2025 IONIQ 5. The upgraded IONIQ 5 is Hyundai’s first EV with an NACS port, so you can charge up at Tesla’s extensive Supercharger network. With more range, features, and trim options than ever, the electric SUV is an improvement in every way.
Hyundai shook the internet after unveiling the upgraded 2025 IONIQ 5 in September. The electric SUV has already been a massive hit for the Korean automaker, but the new model is poised to see even more demand.
Prices for the 2025 Hyundai IONIQ start at $43,975, including a $1,475 destination fee. That’s for the base SE RWD Standard Range model with up to 245 EPA-est miles driving range.
For $46,550, the extended range SE RWD trim provides an impressive up to 318 miles driving range.
You can also snag the new XRT trim, loaded with added off-road design features like Terrain Mode and front tow hooks, starting at $56,875. If you’re looking for even more, the range-topping Limited AWD model starts at $58,100 with a full slate of new features.
2025 Hyundai IONIQ 5 prices and driving range by trim
The IONIQ 5 is already Hyundai’s best-selling EV, but the upgrades are a drastic improvement over the current model.
Hyundai’s new 2025 IONIQ 5 now comes with a standard Tesla NACS charging port and CSS adaptor, unlocking access to 36,000 DC fast chargers, more than double the amount current drivers have access to.
The NACS port will “make the ownership experience and road trips more convenient and enjoyable for our customers,” said Olabisi Boyle, Hyundai Motor North America’s senior VP of product planning.
The new model also gains a bigger battery. Standard models now have 63 kWh battery packs, up from 58 kWh. The long-range models feature an 84 kWh battery, up from the previous 77.4 kWh.
2025 Hyundai IONIQ 5 Trim
EV Powertrain
Driving Range (miles)
Starting Price*
IONIQ 5 SE RWD Standard Range
168-horsepower rear motor
245
$42,500
IONIQ 5 SE RWD
225-horsepower rear motor
318
$46,550
IONIQ 5 SEL RWD
225-horsepower rear motor
318
$49,500
IONIQ 5 Limited RWD
225-horsepower rear motor
318
$54,200
IONIQ 5 SE Dual Motor AWD
320-horsepower dual motor
290
$50,050
IONIQ 5 SEL Dual Motor AWD
320-horsepower dual motor
290
$53,000
IONIQ 5 XRT Dual Motor AWD
320 horsepower dual motor
259
$55,400
IONIQ 5 Limited Dual Motor AWD
320-horsepower dual motor
269
$58,100
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)
Hyundai also upgraded the interior and exterior. You can immediately see the exterior design improvements with a redesigned front bumper and headlights, adding to the IONIQ 5’s bold look.
Based on feedback, the interior has been fine-tuned. It includes redesigned HVAC controls and a new center console and steering wheel.
A 12.3″ center infotainment is at the center of it with wireless Apple CarPlay and Android Auto support.
The 2025 IONIQ 5 is Hyundai’s first vehicle built at its massive new Metaplant America manufacturing plant in Georgia.
All US-built IONIQ 5 models qualify for a $3,750 federal tax credit, but Hyundai is offering the full $7,500 through leasing. The 2025 models will begin arriving at dealerships by the end of 2024.
Ahead of its arrival, the 2024 model is still one of the top-selling EVs in the US. The electric SUV helped push Hyundai to its best-ever October US sales last month.
Following the news of sweeping cuts at Volkswagen, Nissan, and Stellantis, now VW-owned Audi announced plans to slash its workforce by 15%, with thousands of jobs on the chopping block.
After sweeping layoffs at Volkswagen numbering in the tens of thousands, other jobs within the VW Group are getting the axe, with Audi reportedly considering a dramatic staff reduction to cut costs.
German media Manager Magazin, as per Reuters, reported on the news, adding that Audi plans to safeguard production line positions and focus on “indirect” jobs, such as those in development.
That means 2,000 jobs are on the line, with reductions in other parts of the business trimming off 4,500 people in total from the payroll, according to the report.
Last month, Volkswagen – which currently has 10 plants and 300,000 employees in Germany –reported its plan to close three German plants, the first time in the company’s 87-year history that it is closing factories on its home turf. The plan includes cutting tens of thousands of jobs and slashing pay for 10% of its remaining staff.
Audi said that it is in talks with workers’ representatives, but declined to confirm the number of layoffs, Reuters reports.
Audi’s third-quarter sales figures showed a 21% drop in US deliveries to 46,752 units, with almost every model Audi makes showing a dip – except for the e-tron GT EV, which saw a 5% bump to a very modest 673 units, and the Q3 SUV, which saw a 36% increase to 7,422 units.
Things are getting particularly brutal over at Nissan, which is selling part of its stake in Mitsubishi, slashing production capacity, and laying off 9,000 employees.
Back in the US, Stellantis is laying off 1,100 employees from its Toledo Assembly Complex.
Germany, Europe’s largest auto market, is particularly feeling the heat, with a recent study estimating 186,000 jobs could be lost over the next decade as automakers fumble with the transition to EV production. So far, 46,000 autoworkers have lost their job in the country.
It’s grim news, but experts say that the opportunity for new job creation is ripe with potential, as long as Europe remains competitive to still attract investments, reported Euronews. Working against Europe is its high energy costs, which can be up to four times higher than in China and the US. EU tariffs on Chinese-made EVs could also drive up prices and spark tensions, cites the German Association of the Automotive Industry (VDA), according to Euronews.
Of course, not everyone sees it that way: The NGO Clean Transport argues that tariffs are beneficial, in the short term at least, giving the EU auto sector a chance to catch up during the transition.
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