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US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the ‘partnership’ between Nippon Steel and US Steel.

Saul Loeb | AFP | Getty Images

President Donald Trump issued an executive order on Friday approving U.S. Steel’s merger with Japan’s Nippon Steel, after the companies signed a national security agreement with the U.S. government.

U.S. Steel and Nippon said the national security agreement will give the U.S. government a “golden share” and makes certain commitments related to governance, domestic production, and trade. The companies did not elaborate on what powers the U.S. government will wield with its golden share.

“All necessary regulatory approvals for the partnership have now been received, and the partnership is expected to be finalized promptly,” U.S. Steel and Nippon said in a statement.

The national security agreement calls for Nippon to make $11 billion in new investments by 2028, including initial spending on a greenfield project that will be completed after 2028, the companies said.

Trump said Thursday that the golden share gives the president “total control” without elaborating. Pennsylvania Sen. Dave McCormick told CNBC last month that the golden share will effectively allow the government to control a number of board seats.

Trump opposed U.S. Steel‘s controversial sale to Nippon in the runup to the 2024 president election, as Republicans and Democrats have leaned into protecting U.S. companies against foreign competitors.

But Trump started softening his opposition to the takeover after assuming office, ordering a new review of the deal in April. President Joe Biden had blocked U.S. Steel’s sale to Nippon during his final days in office, citing national security concerns, despite Japan being a close ally.

Trump has avoided calling the deal an acquisition or merger, describing it as a “partnership” in a May 23 post on his social media platform Truth Social. He insisted that U.S. Steel will remain “controlled by the USA” during a speech to workers at one of the company’s plants outside Pittsburgh on May 30.

U.S. Steel made clear it would become a “wholly owned subsidiary” of Nippon North America under the terms of the merger agreement in an April 8 filing with the Securities and Exchange Commission. Trump’s description of the deal as a “partnership” caused confusion among investors and union leadership.

The president told U.S. Steel workers that Nippon will be a “great partner.” The Trump administration is currently engaged in trade talks with Japan as investors eagerly await signs that the U.S. will strike deals with key partners that avoid steep tariffs.

Trump told the steelworkers that Nippon had agreed to keep U.S. Steel’s blast furnaces operating at full capacity for a minimum of 10 years. The president said the deal would not result in layoffs and promised there would be “no outsourcing whatsoever.” He said workers will receive a $5,000 bonus.

Trump announced that he was doubling U.S. tariffs on steel imports to 50% during his remarks to U.S. Steel workers. Those tariffs went into effect on June 4.

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MOKE launches its 50 MPH open-top electric fun-mobiles in California

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MOKE launches its 50 MPH open-top electric fun-mobiles in California

Iconic British brand Moke International is officially landing in California, bringing a splash of retro style and electric fun to the West Coast with the launch of its California Collection. The medium-speed, open-air electric vehicles – reminiscent of classic beach buggies – are now street-legal in the state, with reservation deposits now open.

It’s a move that’s been years in the making, and we’re finally ready to see these fun-looking rides roll out on US streets thanks to a retail partnership with Shaver Automotive.

The California Collection marks the first time MOKE’s EVs are being sold in the US as fully compliant, street-legal vehicles, following a multi-year process to obtain certification under California’s tough emissions and safety regulations. The vehicles have now gone beyond the 25 MPH limitations of Low Speed Vehicles, doubling that figure to offer rides at up to 50 MPH (80 km/h).

The collection also includes three new colorways inspired by the nostalgic hues of the Golden State: ‘Sonoma Red’, ‘Laguna Blue’ and ‘Venice White.’ 

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As the company explained, “This foray into the state follows MOKE’s groundbreaking achievement as the first low-volume EV manufacturer to secure California Air Resources Board (CARB) approval. With unmatched quality, all genuine MOKEs are handcrafted in the UK, with over 70% of parts sourced from Europe. A limited quantity of 325 MOKEs will be available to purchase throughout the US in 2026.”

Originally based on a British military vehicle from the 1960s, the Moke evolved into a cult-favorite beach car beloved in tropical destinations from the Caribbean to the French Riviera.

Now, it’s gone all-electric, with a 54-mile (87 km) range and a top speed of 50 mph (80 km/h) from a 33 kW motor that prioritizes fun over freeway.

“Launching in California feels like a true homecoming for us at MOKE,” said Lorne Vary, CEO of MOKE International. “California’s love of sunshine, freedom, and outdoor adventure reflects everything our brand stands for. Partnering with Shaver Automotive means we can finally share that feeling with Californians who have been waiting for their MOKE moment.”

Sonoma Red, MOKE International California Collection

The Electric MOKE is available for order now in California, via Shaver Automotive, with prices starting from $49,500. That puts it well into premium territory, meaning it likely won’t replace the family car, but could be a fun plaything to park at your beach house… for those who own a beach house.

While the MOKE won’t be replacing your daily commuter or long-range EV, it could be the perfect picturesque ride along a coastal road, in a resort rental fleet, or for anyone who values open-air, zero-emission fun over raw performance.

Electrek’s Take

We’ve seen a number of street-legal Low Speed Vehicles (LSVs) make their way into beach towns and gated communities in recent years, but few bring the retro flair and lifestyle appeal of the MOKE. And by going the low-volume manufacturer route, they get to offer speeds of twice that allowed by LSVs without needing to meet as many of the complicated Federal Motor Vehicle Safety Standards (for better or for worse).

At nearly $50k, it’s a luxury toy, sure. But for the right buyer, it looks like an awesome time on four wheels. California might just be the perfect place for this beach cruiser comeback.

Oh, and I’d be remiss if I didn’t share the image below of Electrek’s founder Seth Weintraub from his youth when he used to ride old school Mokes around Macau, and with a left-hand manual 4-speed gearbox, no less!

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bp pulse cranks up DC fast charging with Arizona debut

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bp pulse cranks up DC fast charging with Arizona debut

bp pulse is continuing to roll out public DC fast charging across the US, and the company has opened its first-ever site in Arizona, along with new fast-charging locations in Texas, Florida, and Ohio.

In Arizona, bp pulse’s first site is now online at the Petro Travel Center in Eloy, just off Interstate 10 at Exit 200 (pictured). The location features 16 charging bays delivering up to 400 kilowatts, with both CCS and NACS connectors available. While charging, drivers can take advantage of the travel center’s onsite diner, convenience store, ATM, barber shop, and restrooms.

In South Florida, bp pulse’s new fast-charging site is at 2400 Miami Road in Fort Lauderdale, about three miles from Fort Lauderdale–Hollywood International Airport. The site features 16 charging bays, offering a mix of 150 kW and 400 kW speeds, with both CCS and NACS connectors. Its proximity to the airport makes it a handy stop for ride-hail drivers, EV rental returns, and airport pickups and drop-offs, with hotels, restaurants, and convenience stores nearby.

Texas is also getting more high-power charging, with a new bp pulse site at the Petro Travel Center in El Paso, located off Interstate 10 at Exit 37. This location offers 12 charging bays capable of delivering up to 400 kW, again with both CCS and NACS connectors. Drivers can take advantage of the diner, convenience store, barber shop, and restrooms while they charge.

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In Ohio, bp pulse has opened a smaller but still high-powered site at a TravelCenters of America location in Hebron, just off Interstate 70 at Exit 126. The site includes six 400 kW charging bays with CCS and NACS connectors, along with access to a convenience store, fast-food options, and restrooms.

These openings are part of bp pulse’s broader plan to build out EV charging across bp’s retail footprint, including bp, Amoco, ampm, Thorntons, and TravelCenters of America locations. Many of those sites are designed to combine fast charging with food, restrooms, and other travel amenities. bp has also said it plans to begin adding EV chargers at Waffle House locations starting in 2026.

Read more: bp pulse opens a huge airport EV fast charging hub in Houston


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Cadillac Lyriq, Chevy Blazer EV had some of the biggest lease price drops in December

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Cadillac Lyriq, Chevy Blazer EV had some of the biggest lease price drops in December

The Cadillac Lyriq and Chevy Blazer EV were among the vehicles that saw the biggest lease price drops in December.

Cadillac and Chevy EV lease prices drop in December

With the $7,500 federal EV tax credit now gone, automakers are filling the gap with their own incentives. Some are passing on the savings as bonus cash, conquest cash, lease discounts, and more.

Two General Motors electric SUVs, the Chevy Blazer EV and the Cadillac Lyriq, had some of the largest lease price drops of any vehicle in December.

The 2026 Cadillac Lyriq AWD Luxury model is now listed at $439 per month for 24 months. With $4,979 due at signing, the effective rate is $646, or $28 less per month than in November.

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That’s after the Lyriq already saw prices drop by $115 a month from October. However, the December deal includes a $2,000 competitive bonus for owners and lessees of a 2011 model year or newer non-GM vehicle.

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The 2026 Cadillac Lyriq Luxury (Source: Cadillac)

The 2026 Chevy Blazer EV FWD LT is now available to lease for as low as $319 a month for 24 months. With $6,039 due at signing, the effective rate is $571 per month, about $60 less than in November. The deal includes a $750 competitive bonus and $1,000 customer cash allowance.

Chevy and Cadillac are offering discounts across their entire EV lineup. All 2025 Chevy electric vehicles, including the Blazer EV, Equinox EV, and Silverado EV, are available with 0% APR financing for 60 months.

Intestingly, the 2026 Chevy Equinox EV is also available with 0% APR financing, while the 2026 Blazer EV is listed with 1.9% APR for 36 months.

Cadillac is offering a $2,000 conquest or loyalty bonus for the 2026 Cadillac Vistiq and select 2025/2026 Optiq and Lyriq models, plus 2.9% APR for 60 months.

The 2026 Cadillac Optiq is available to lease for as low as $319 per month for 24 months, while the 2026 Vistiq is available to lease for $619 per month for 24 months.

Want to try one out? We’ve got you covered. Check out the links below to see what Cadillac and Chevy EVs are nearby.

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