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In a historic first for electric marine travel, a Swedish team has successfully crossed the Mediterranean in an electric boat – and not just any electric boat, but one that flies. The voyage marks a major milestone in the future of clean maritime transport and shows that electric boats aren’t just ready for lakes and calm harbors – they’re ready for open sea.

The vessel used to perform the major maritime feat was the Candela C-8 Polestar Edition, a sleek hydrofoil electric boat that quite literally lifts out of the water as it gains speed. Its computer-controlled hydrofoils are the only part of the boat that remains in the water, helping it reduce its energy usage by around 80% compared to traditional vessels.

Piloted by Candela CEO Gustav Hasselskog, the C-8 flew across the 24-nautical-mile Strait of Gibraltar from Sotogrande, Spain to Ceuta, North Africa. The entire crossing took just over an hour – matching the speed of traditional fast ferries, but with a fraction of the energy use, and none of the emissions.

Once it docked in Ceuta and recharged, the C-8 turned around and did it all over again, making the return trip the same day.

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This was no calm lake cruise. The Gibraltar Strait is known for strong currents and choppy seas where the Atlantic meets the Mediterranean – conditions that can toss small boats around and churn stomachs. But the C-8’s computer-controlled hydrofoils counteract wave motion in real-time, adjusting the wing angles up to 100 times per second to keep the ride stable and smooth. “We couldn’t feel the waves, while the photo boat was bouncing quite a bit,” said Hasselskog.

For Candela, the mission was more than a publicity stunt. The demonstration was designed to prove the viability of future routes using Candela’s upcoming P-12 electric ferry, a 30-passenger hydrofoiling vessel already conducting ferry service in Stockholm. By showing that a battery-powered boat could handle the Mediterranean, the company is signaling its readiness to take on short regional ferry routes currently served by large, polluting diesel ferries.

“There’s a clear need for fast, clean, and efficient travel across the Mediterranean,” said Hasselskog. “We can help meet this demand, working alongside existing operators to boost connectivity and cut emissions.”

The potential impact is huge. The Strait of Gibraltar alone sees more than 3.5 million annual crossings, mostly using large ferries focused on vehicle transport. That leaves many coastal communities underserved. With vessels like the P-12, Candela envisions a future of direct, nimble electric ferry routes – faster, cheaper, and far less polluting.

Speaking of cheaper: the entire Gibraltar crossing consumed just 40 kWh of energy – about €8 or US $9 worth of electricity. The similarly sized gasoline photo boat that paced the Candela used 50 liters (13 gallons) of fuel, costing around €90 (US $102). That’s more than a 10x savings on fuel alone, not even counting the massive reductions in maintenance and emissions.

Candela partnered with Avangreen, a clean energy company behind Ceuta’s largest solar project, for the demonstration. The two companies are working together to promote a new generation of sustainable marine infrastructure in the region.

The Candela C-8 Polestar Edition, used in the crossing, is a premium version of the C-8 developed in collaboration with EV automaker Polestar. It features a 69 kWh battery and fast charging capability – up to 80% in 30 minutes – and has a range of 57 nautical miles at 22 knots, currently making it the longest-range and fastest-charging electric boat in the world.

Even the foils on this special edition are painted in Polestar’s iconic Swedish gold, a nod to the performance design language shared with their cars.

Electrek’s Take

The Mediterranean Sea is my backyard (ok, technically it’s a 10-minute bike ride away), and so anything that cleans up this beautiful body of water is A-OK in my book. A couple years ago, a leaking boat left a massive oil trail on our beaches for hundreds of nautical miles, and that stuff is close to impossible to fully clean up. The electrification of the marine transport industry can’t come soon enough.

Now with additional Candela ferry routes already in planning in Berlin, Lake Tahoe, New Zealand, and Saudi Arabia’s NEOM project, this historic Mediterranean crossing shows just how close we are to a cleaner, quieter marine future.

And if this is what the electric boating revolution looks like, I think we’re all ready to come aboard!

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Mercedes-Benz unveils the new CLA Shooting Brake EV with impressive range

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Mercedes-Benz unveils the new CLA Shooting Brake EV with impressive range

The new CLA Shooting Brake is the first electric Mercedes vehicle available as an estate. It’s more spacious, more capable, and more high-tech than ever.

Meet the new Mercedes CLA Shooting Brake EV

Mercedes introduced the new CLA Shooting Brake on Tuesday, its first electric estate car. The Shooting Brake arrives as the second EV from the luxury brand’s new entry-level family of vehicles.

The electric wagon takes the best of the new CLA, which was revealed just a few weeks ago, and adds more space and capability.

It’s also bigger than the current CLA Shooting Brake, offering a more spacious interior. The new EV measures 4,723 mm in length, or 35 mm longer than the outgoing model.

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With an extended wheelbase of 2,790 mm (+61 mm), the electric version offers 14 mm more headroom and 11 mm more legroom in the front. Rear passengers gain 7 mm of headroom but lose 6 mm of legroom compared to the current model.

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Mercedes-Benz CLA Shooting Brake models (Source: Mercedes-Benz)

Boot space is 455 L, which is 50 L more than the CLA sedan, but 30 L less than the outgoing Shooting Brake. However, it does include an added Frunk (front trunk) for an extra 101 L of storage space.

With all seats folded, overall storage space is 1,290 L. It also comes with standard roof rails, which Mercedes claims can easily fit surfboards or bicycles with a 75 kg (165 lbs) load capacity.

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Mercedes-Benz CLA Shooting Brake with EQ Technology (Source: Mercedes-Benz)

Inside, the new Shooting Brake is nearly identical to the CLA Sedan. It features the new Mercedes-Benz Operating System (MB.OS) with its fourth-gen infotainment.

The setup includes a 14″ infotainment and 10.25″ driver display screens. An extra 14″ passenger screen is available. A trim piece with star-pattern graphics replaces it if not. All three screens are powered by the latest-gen chips and graphics from Unity Game Engine.

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Mercedes-Benz CLA Shooting Brake EV interior (Source: Mercedes-Benz)

Powered by the new Mercedes-Benz Modular Architecture and an 85 kWh battery, the new Shooting Brake EV offers up to 473 miles (761 km) WLTP range.

It will be available in single and dual-motor powertrains. The base CLA 250+ Shooting Brake has 268 hp (200 kW) output and a WLTP range of up to 473 miles (761 km). Meanwhile, the dual-motor CLA 350 4MATIC Shooting Brake has combined 349 hp (260 kW) and a range of up to 454 miles (730 km).

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Mercedes-Benz CLA Shooting Brake EV interior (Source: Mercedes-Benz)

Based on its 800V architecture, the new electric estate can add 193 miles (310 km) WLTP driving range within 10 minutes. Mercedes said that should be plenty to get from Geneva to Milan or Berlin to Hamburg.

Mercedes will introduce new EV variants in early 2026, followed by a 1.5 L hybrid model. Prices will be revealed closer to launch, but it’s expected to start slightly higher than the current model. The current CLA Shooting Brake starts at around €40,000 ($46,500) in Europe.

Following the new CLA and CLA Shooting Brake, Mercedes-Benz plans to launch two SUVs. Check back soon for more info on the upcoming lineup.

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U.S. moving fast to secure access to critical minerals to counter China’s dominance of market, Pentagon says

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U.S. moving fast to secure access to critical minerals to counter China's dominance of market, Pentagon says

MP Materials CEO on deal with the Defense Department

The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday.

The Defense Department last week agreed to buy a direct equity stake in MP Materials, which will make the U.S. government the miner’s largest shareholder. MP operates the only rare earth mine in the U.S. located at Mountain Pass, California, and a magnet plant in Forth Worth, Texas.

When asked whether the Pentagon is considering similar investments in other U.S. mining companies, the defense official said it is looking at opportunities to strengthen domestic critical mineral production.

“Rebuilding the critical minerals and rare earth magnet sectors of the U.S. industrial base won’t happen overnight, but DoD is taking immediate action to streamline processes and identify opportunities to strengthen critical minerals production,” official said in a statement.

Rare earths are used in weapons such as the F-35 warplane, drones and submarines among other other military platforms. The U.S. was almost entirely dependent on foreign countries for rare earths in 2023, with China representing about 70% of imports, according to the U.S. Geological Survey.

MP Materials CEO James Litinsky told CNBC last week that he views the public-private partnership with the Defense Department as a model for other companies in industries that are important for national security but struggle to compete against the state-backed enterprises in China.

“I’d like to think that this is sort of the first, it’s a model,” Litinsky told CNBC’s “Squawk on the Street” on Thursday. “We have to deliver at MP and show that this is an incredible route to go. But it’s a new way forward to accelerate free markets, to get the supply chain on shore that we want.”

Interior Secretary Doug Burgum said in April that the U.S. government was looking at taking direct equity stakes in critical mineral and rare earth miners to break China’s dominance. The Trump administration is also looking at stockpiling critical minerals and creating a sovereign risk insurance fund to protect companies investments’ in federally approved projects, Burgum said at an energy conference in Oklahoma City.

The Pentagon makes long-term investments in mining, processing and refining critical minerals, the defense official told CNBC. It has invested $540 million so far to support a critical mineral and rare earth supply chain in the U.S. and allied nations, the official said.

“That is significant, and DoD will continue to such efforts in accordance with congressional appropriations and statutory authorities,” the official said.

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Crypto super PAC Fairshake reports $141 million war chest

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Crypto super PAC Fairshake reports 1 million war chest

Jakub Porzycki | Nurphoto | Getty Images

Fairshake, the cryptocurrency industry’s most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector’s growing influence as Congress takes up landmark legislation this week.

The total, which includes liquid assets like crypto, stock, and cash, reflects a surge of donations from digital asset executives and firms, including a fresh $25 million from Coinbase.

Fairshake and its two affiliated PACs — Defend American Jobs and Protect Progress — have raised $109 million since Election Day in 2024 and $52 million during just the first half of this year.

“We are building an aggressive, targeted strategy for next year to ensure that pro-crypto voices are heard in key races across the country,” said spokesperson Josh Vlasto.

Ethereum succeeded beyond anyone's expectations, says network co-founder Vitalik Buterin at EthCC

The announcement lands in the middle of what lawmakers are calling “Crypto Week” on Capitol Hill, as the House begins deliberations on a trio of long-awaited bills that would define how digital assets are regulated.

The legislation includes the dividing of oversight, setting new stablecoin rules, and a bill banning the creation of a central bank digital currency.

The crypto industry is no longer just lobbying for survival, it is shaping the political landscape. Fairshake saw nearly every candidate it backed in 2024 win their race.

“We stuck to our core strategy from Day 1,” Fairshake previously told CNBC. “We supported pro-crypto candidates and opposed those who played politics with jobs and innovation, and won.”

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