The Mitte Combined Heat and Power (CHP) natural gas power plant, operated by Vattenfall AB, in Berlin, Germany, on Wednesday, Jan. 1, 2025.
Bloomberg | Bloomberg | Getty Images
Ukraine halted the flow of Russian gas to several European countries on New Year’s Day, bringing an end to Moscow’s decades-long dominance over Europe’s energy markets.
Russia’s state-owned energy giant Gazprom confirmed gas exports to Europe via Ukraine stopped at around 8 a.m. local time (5 a.m. London time) on Wednesday.
The widely expected move marks the end of a five-year transit agreement between Russia and Ukraine, with neither side willing to strike a new deal amid the ongoing war.
Ukrainian President Volodymyr Zelenskyy said last month that Kyiv was not prepared to prolong the transit of Russian gas, adding: “We will not give the possibility of additional billions to be earned on our blood.”
Russia, which has transported gas to Europe via Ukrainian pipelines since 1991, says European Union countries will suffer the most from the supply shift. Moscow can still send gas via the TurkStream pipeline, which links Russia with Hungary, Serbia and Turkey.
Ukraine will lose up to $1 billion a year in transit fees from Russia due to the stoppage, according to Reuters, while Gazprom is poised to lose close to $5 billion in gas sales.
The European Commission, the EU’s executive arm, said it had been working with EU member states most impacted by the end of the gas transit agreement to ensure the entire 27-nation bloc was prepared for such a scenario.
Slovakia, Austria and Moldova are among the countries most at risk from the stoppage. They were the European countries most dependent on transit volumes of Russian gas in 2023, according to Rystad Energy, with Slovakia importing roughly 3.2 billion cubic meters that year, Austria receiving 5.7 billion cubic meters and Moldova getting 2 billion cubic meters.
In this pool photograph distributed by Russian state agency Sputnik, Russia’s President Vladimir Putin (R) shakes hands with Slovakia’s Prime Minister Robert Fico (L) prior to their talks in Moscow on December 22, 2024.
Gavriil Grigorov | Afp | Getty Images
Austria has insisted it is well prepared for the stoppage, but others were much more concerned.
Slovakia’s Prime Minister Robert Fico warned that Ukraine’s termination of the gas transit agreement would have a “drastic” impact on the EU, without harming Russia. Fico also threatened to cut electricity supplies to neighboring Ukraine.
The prime minister, a vocal critic of the EU’s support for Ukraine in the ongoing war, made a surprise visit to Moscow for talks with Russian President Vladimir Putin shortly before Christmas.
Moldova, which is not a member of the EU, declared a 60-day state of emergency last month over energy security fears.
A total of 56 lawmakers of Moldova’s 101-seat parliament voted in favor of a nationwide state of emergency, which the government said at the time would allow the country to apply a series of measures to prevent and mitigate the threat of insufficient energy resources.
‘A historic event’
Ukrainian Energy Minister Herman Galushchenko described the cessation of Russian gas flows via Ukraine as a “historic event.”
“Russia is losing markets, it will suffer financial losses,” Galushchenko said via Telegram on Jan. 1, according to a Google translation.
“Europe has already decided to abandon Russian gas. And the European initiative Repower EU provides for exactly what Ukraine has done today,” he added.
Separately, Polish Foreign Minister Radek Sikorski hailed the development as a political victory, accusing Russia’s Putin of having tried to “blackmail Eastern Europe with the threat of cutting off gas supplies.”
Steam clouds from the OMV refinery plant rise into the morning sky in Vienna’s suburban town of Schwechat, Austria on November 18, 2024.
Joe Klamar | Afp | Getty Images
The latest data compiled by industry group Gas Infrastructure Europe shows the EU’s gas storage facilities are around 73% full. In Germany, Europe’s biggest economy and largest gas consumer, inventories are currently at nearly 80%.
“Without Azerbaijan or another third party transiting the gas following a swap deal with Russia, the EU will require about 7.2 [billion cubic meters] of gas to be sourced from the LNG market,” Christoph Halser, gas and LNG analyst at Rystad Energy, said in a research note.
“Terminals in Poland, Germany, Lithuania and Italy could forward these volumes to the most affected counties, such as Slovakia and Austria.”
Europe’s energy security
Henning Gloystein, practice head of energy, climate and resources team at Eurasia Group, said Ukraine’s decision to halt the flow of Russian gas to the EU is no surprise given that both Kyiv and Moscow have long said they would not be willing to renew a deal under current war conditions.
In a research note, Gloystein said the expiry of the deal does not threaten EU winter energy security, citing steps taken by EU importers to prepare for the cut in supply and the mild winter weather seen across most of Europe.
Eurasia Group’s Gloystein said gas price moves over the coming months would likely hinge on political developments in the Russia-Ukraine war and remaining winter weather conditions.
“On the political front, there are ongoing talks between some EU members (e.g. Slovakia, where many of Ukraine’s pipelines enter the EU), Russia, and Ukraine to find a compromise that may allow for some resumption of supplies. However, there has been no progress during negotiations around the turn of the year,” Gloystein said.
“On the weather front, expectations are currently for above average temperatures for the remainder of Europe’s winter, which implies the impact of the cuts will be limited,” he added.
The front-month gas price at the Dutch TTF hub, a European benchmark for natural gas trading, was last seen up 1.2% at 49.49 euros ($51.1) per megawatt-hour on Thursday, according to New York’s Intercontinental Exchange.
Tesla is launching a new car rental program out of its stores in the US, as sales are crashing due to the end of the federal tax credit.
It’s available at select stores in the US right now.
Tesla’s demand in the US, like that of most other electric vehicles, has crashed after the federal tax credit for electric cars ended last quarter, pulling forward a lot of demand.
With inventories piling up at stores and dealers across the country, Tesla has found a new way to use its inventory: it is now renting (not leasing) its vehicles from its stores.
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The rental duration is a minimum of three and a maximum of seven days, starting at $60 per day and increasing depending on the model.
Tesla appears to be using this to show potential buyers how convenient it is to own a Tesla vehicle, since it also includes Supercharging and Full Self-Driving (Supervised) for free with every rental.
If a rental customer decides to order a vehicle within a week of having rented one, Tesla gives them a $250 credit toward the purchase:
Order your own Tesla within seven days of your rental to get up to a $250 credit toward your purchase.
The program is starting with a couple of locations in Southern California, but it is expected to expand before the end of the year.
Car rental giant Hertz has previously bought a large fleet of Tesla vehicles in an effort to electrify its rental fleet.
However, Hertz has been divesting from Tesla vehicles and selling them over the last 2 years, as declining resale values crushed its fleet economics amid Tesla slashing prices due to declining demand over the last 3 years.
Electrek’s Take
It’s rough out there for people selling electric vehicles in the US right now. The lack of policy consistency is resulting in inconsistent demand and discouraging automakers from pushing electric cars, as they do in Europe and Asia.
It’s particularly challenging for automakers like Tesla, Rivian, and Lucid, which sell only electric vehicles, because most people who planned to buy an electric vehicle in 2025 have already bought one in Q3 or earlier.
This rental service is not a bad idea, though, but it’s obviously far from a solution to the demand problem in the US.
It’s wild to think that Tesla’s own CEO is largely responsible for creating this situation by backing Trump in the last elections.
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NIU is back at EICMA 2025 (the Milan Motorcycle Show) with a fresh lineup of electric two-wheelers that push the boundaries of performance, design, and smart connectivity. The Chinese electric mobility giant, already known for selling over 5 million electric scooters and motorcycles across over 50 countries, used the Milan show to unveil its 2026 product range – and it’s clear NIU is looking to hang on to that leader status.
For those unfamiliar, NIU launched its first electric scooter way back in 2015 and quickly rose to prominence with sleek, connected vehicles that combined urban practicality with stylish design. There are a lot of electric scooters out there now, but NIU has consistently been known for high-tech and slick-looking models.
Now, a decade later, NIU’s lineup has matured into a globally recognized suite of smart mopeds, e-bikes, scooters, and electric motorcycles. And at this year’s EICMA, the company made it clear that it’s ready to dominate even more niches.
A smarter NQiX Series
The NQiX Series has already gained traction in Europe’s L1e and L3e vehicle categories, but for 2026, it’s getting even better. All models in the series will be updated with improved motor and battery efficiency for longer range and better consistency. Most notably, NIU is adding onboard navigation powered by Google Maps – a major step toward true “smart” scooters.
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The biggest news, though, is the introduction of the NQiX 1000. Packing 15.5 kW of peak power and topping out at 125 km/h (78 mph), this model is aimed at commuters who want speed, range, and flexibility. With three removable 72V 28Ah batteries and over 100 km of range, it looks set to be a practical yet powerful urban workhorse. The NQiX 1000 will launch in Q3 2026 with a starting price of €6,499.
My first NIU scooter ever was an NQiGT that I got back in 2020, and it helped me fall in love with the brand. The NQiX series has extended what made the original so impressive, and the NQiX 1000 will push that model line into brand new territory, both for technology and for performance.
FQiX brings a fresh face to urban riding
NIU also introduced a completely new design platform called the FQiX Series, targeted at city dwellers who want tech-forward transportation with a bit of flair. Think sleek body lines, distinctive lighting, and a minimalist aesthetic – paired with smart features like a 5-inch TFT display, rear radar, and Bluetooth/NFC/keyless unlocking.
The FQiX 150 (L1e) and FQiX 300 (L3e) offer two tiers of performance but share the same connected tech ecosystem, powered by NIU’s new “Link Crown” interface. These will also arrive by Q3 2026, starting at just €2,399 – making them a compelling choice for first-time e-scooter riders.
This one definitely feels like NIU’s targetted attempt to bring on younger, more budget conscious riders while still giving them access to the technology that separates the brands’ scooters from much of the competition.
XQi goes off-road (and on-road, too)
NIU has been teasing off-road ambitions for years, but the new XQi 300, XQi 400, and XQi 500 take those ambitions up several notches. They follow on the heels of the successful launch of the NIU XQi3, which, for a lack of a better way to describe it, is NIU’s Sur Ron competitor. I had the chance to test it out recently on a trip to tour NIU’s factory. But unlike Sur Rons, Talarias, and most other light electric dirt bikes in this category, NIU made the XQi3 street-legal from the start, meaning riders could register it like a motorcycle and also ride on trails.
Now the XQi3 has been revamped into the XQi 300, keeping much of what made it a success untouched, but adding highly requested features like on-board charging so the battery doesn’t need to be unplugged to recharge. The XQi 400 and XQi 500 add even more power and performance, competing more with the Sur Ron Storm Bee. The XQi 500 Street, in particular, is likely to prove quite popular as a street-legal electric dirt bike with a massive 28.8 kW peak output and a top speed of 110 km/h (68 mph), all in a fairly lightweight 92 kg (203 lb) chassis.
Concept 06 maxi-scooter
NIU also showed off a concept for a potentially upcoming maxi-scooter, and it sounds like they actually want to produce it. This likely isn’t just a crazy concept that will never see the road, but rather a roadmap to what could be NIU’s biggest scooter yet.
The company is projecting impressive performance, including a 20 kW motor, speeds of up to 155 km/h (96 MPH), plus fancy features like a tray table so you can get some laptop work done while you’re charging up.
Electrek’s Take
NIU continues to impress me with its mix of smart tech, eye-catching design, and impressive performance. The addition of Google Maps integration and radar safety features is a clear step forward that I’m excited to see implemented. And with models like the XQi 1000, NIU is branching into serious performance territory. And the new off-road bikes (with street-legal status to ride on the road too!) take what was already a great design and make it even more powerful – and convenient to use.
While some of the subscription models might turn off some users, the base functionality of these vehicles seems generous enough to keep most people happy. And all of that tech on top is what helps separate NIU. If the pricing holds and the specs deliver, I think NIU’s 2026 lineup could shake up both urban and off-road electric mobility in a big way.
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Tesla’s head of the Cybertruck program, Siddhant Awasthi, announced that he is leaving after more than 8 years at the company.
Awasthi is a good example of Tesla’s transition into fostering inside leadership rather than outside hiring.
For better or worse, over the last 5 years, Tesla has virtually had no significant outside hires into high-level leadership roles. It almost exclusively promotes from within.
Awasthi worked on a hyperloop school program, interned at Tesla, and joined the company straight out of school in 2018. Within 2 years, he became an engineering manager. Within 3 years, he was a senior technical program manager in charge of the Cybertruck’s 48-volt architecture.
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To say that this is unusual at a major company would be an understatement.
By late 2022, ahead of Tesla’s planned start of Cybertruck production, he was made head of the electric truck program.
He was in charge of the production ramp and future improvements to the electric pickup truck, which has since become a commercial flop. Tesla is having trouble selling 25,000 Cybertrucks per year, despite planning for an annual production capacity of 250,000 trucks.
Today, the young engineer announced on X:
I recently made one of the hardest decisions of my life to leave Tesla after an incredible run.
He tried to “sum up” his career at Tesla in a paragraph:
It’s tough to sum up eight years in just a few lines, but what a thrilling journey it’s been: ramping up Model 3, working on Giga Shanghai, developing new electronics and wireless architectures, and delivering the once-in-a-lifetime Cybertruck—all before hitting 30. The icing on the cake was getting to dive back into Model 3 work toward the end.
In addition to his duties as Cybertruck program manager, Awasthi was also made in charge of the Model 3 program last summer.
While I’m using Awasthi as an example of Tesla prioritizing internal promotions rather than attracting outside talent, I’m not blaming the failures of the Cybertruck program on him. The blame should always be placed at the very top.
The program failed because someone at Tesla —likely Elon —was way too optimistic about what it could accomplish, and ultimately, what Tesla unveiled in 2019 had very little to do with what it brought to production in 2023.
It had less range, fewer cool features, and all for a way higher price.
But it’s also far from an endorsement of Tesla’s organizational approach, far from it.
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