Alaska, in ‘hard-core survival mode,’ is America’s worst state for business in 2021
More Videos
Published
4 years agoon
By
admin
These are tough times in Skagway, Alaska, population 1,183.
“We’re in hard core survival mode,” Mayor Andrew Cremata told CNBC.
In a normal summer, the Southeast Alaska town would be teeming with tourists from the cruise ships sailing the Inside Passage. Residents could drive 15 miles up the Yukon Highway into Canada to run their basic errands, or they could hop on a state-run ferry to the next town over, Haines.
But this year, the cruise ships have just started running again. Cremata is hoping Skagway will see 100,000 passengers this year; in 2019 they had 1.1 million. The border to Canada remains closed to non-essential traffic, and the ferries, part of the Alaska Marine Highway System, are plagued by budget cuts.
“Just getting your family down to go see a dentist or doctor, when that becomes burdensome or overly expensive, there’s a point where people have just had it and move away,” Cremata said.
Multiply Skagway’s situation by thousands of communities and more than 700,000 Alaskans, and you can begin to understand why The Last Frontier finds itself in last place in CNBC’s 2021 America’s Top States for Business rankings.
It is the sixth bottom-state finish for Alaska in 14 years. The state previously achieved the dubious distinction in the first four years of the study between 2007 and 2010, hitting bottom again in 2018.
As difficult as the past year has been in this state and across the country, it presented opportunities that Alaska failed to capitalize on.
Alaska met the pandemic with the best-funded public health system in the nation, according to the United Health Foundation, spending $289 per person per year. That is more than three times the national average. Earlier this year, the state was setting the pace for Covid-19 vaccinations, even in its most remote regions.
As the national economy struggled to regain its footing, Alaska offered a generally business-friendly regulatory climate — its legal system tilts toward business, and the number of state laws and regulations is manageable. The conservative-leaning Tax Foundation ranks Alaska’s tax climate the third-best in the country.
In Skagway, Mayor Cremata said state and federal officials have been extremely helpful through the crisis.
“They are always ready and willing not only to engage us as a community, but individual people and business owners in the community. People that were struggling with problems with unemployment and all these kinds of things,” he said.
And at a time of social upheaval, Alaska offered its relatively diverse population some strong protections against discrimination.
High costs hurt Alaska
So how did Alaska manage to finish No. 50 again in 2021 despite so many advantages going in? In a word: cost.
Cost of Doing Business carries the most weight in this year’s study. As the recovery builds, states are touting low business costs more than any other factor, according to CNBC’s analysis. Alaska is an extremely expensive place to do business.
Even Alaska’s competitive tax climate, which earns points for relatively low property taxes and no personal income tax, includes a top corporate tax rate of 9.4%, among the highest in the country.
Utility costs are oppressive. Alaskans paid an average of $20.20 per kilowatt hour for electricity last year, according to U.S. Department of Energy data, with even higher rates in remote areas. That was second only to Hawaii, and nearly double the national average. Wages are high thanks to the high cost of living, and office and industrial space — which are in short supply — is pricey.
Cremata said he is worried about how the price of everything seems to be creeping higher.
“Everything’s barged in,” he said. “And so, if the cost of fuel goes up, it affects the rates on the barge and that affects the price of your milk and eggs.”
Indeed, even that high rate of public health funding may be deceiving, because health care in Alaska is so expensive. An office visit to a doctor in Anchorage averaged more than $206 last year, according to the Council for Community and Economic Research, C2ER. That is more than twice the cost in Phoenix, Arizona.
Meanwhile, Alaska’s Covid-19 vaccination rate, once the envy of the nation, has fallen below the national average, according to data from the U.S. Centers for Disease Control and Prevention.
In March, Alaska became the first state in the nation to make vaccines available to everyone aged 16 and older. Officials theorize that meant those who wanted to be vaccinated were quick to get their shots, leaving vaccine-hesitant residents — many in rural or remote areas — who have proven difficult to convince.
Vaccination rates are a metric in the Top States’ Life, Health and Inclusion category, where Alaska finishes No. 19 this year.
Internet access remains a challenge
In addition to its cost issues, Alaska ranks No. 49 in the Top States’ Infrastructure category, above only Maine. It is yet another lost opportunity. Alaska might have been able to use the nation’s move toward remote work to partly offset its inherent infrastructure disadvantages, which include its distance from the rest of the country and its vast size.
This year’s Top States study introduced broadband connectivity as an infrastructure metric. But broadband in Alaska is the worst in the nation, according to BroadbandNow Research.
In Skagway, Cremata said internet service is cumbersome and expensive.
“You have to actually have a landline in your house for it to work,” he said. “So, the internet has a pretty substantial price to it, but then you also have a $30 charge because you need a landline for the broadband to work.”
According to BroadbandNow, fewer than 61% of Alaskans have access to broadband at all, and none have access to a low-priced plan, which the organization defines as costing less than $60 per month. The average speed is a paltry 58.6 Mbps, or one-third the speed in the top-ranked state, New Jersey.
Cremata said that early in the pandemic, when he and other local leaders worried the cruise ships could disappear for five years, they convened a task force to consider ways to reinvent the economy. One of the ideas was to make Skagway an internet hub, but it went nowhere.
“You’d have to have really fast internet, obviously, because you probably want to have all of your communications done in the cloud, which is pretty much impossible right now in Skagway,” he said.
In May, Gov. Mike Dunleavy created a task force to recommend ways to improve connectivity in the state.
“On the heels of a global pandemic, now more than ever do we see the critical role that the internet plays in nearly every part of life and the importance of good connectivity for every Alaskan,” Dunleavy said in a statement.
But it is Alaska’s third broadband task force in the last decade, with little to show for the efforts. It is also unclear whether the state can muster the funding needed to bring its service up to date.
In his statement announcing the task force, Dunleavy, a Republican, emphasized the use of federal pandemic relief money to pay for the expansion. And while his administrative order creating the task force also contemplates using state funds, Dunleavy and the state legislature are already locked in a titanic struggle over the budget.
This month, Dunleavy vetoed more than $200 million in state spending approved by the legislature, with cuts aimed at everything from tourism marketing to mental health services.
Dunleavy also vetoed $8.5 million in funding for Alaska’s ferry system known as the Alaska Marine Highway System, a link to the outside world for communities like Skagway.
And he relentlessly slashed the University of Alaska’s budget, with cuts totaling $70 million over three years. That hurts the state’s ranking in Education, where it finishes No. 47.
Crude oil rebound hasn’t helped Alaska
Hanging over all of Alaska’s business and financial woes is the price of oil, the state’s economic lifeblood. Oil revenues typically account for more than one-third of the state’s budget.
Last year, as weak demand during the pandemic pushed oil prices to historic lows, oil production in Alaska fell to its lowest level in more than 40 years, according to the Energy Department.
This year, prices have rebounded, but production in Alaska has not. Alaska oil producers face much lower cost competition in the lower 48, as well as an intensifying tug-of-war over federal oil leases. Production through April was down nearly 5% from a year ago.
State budget forecasters expect oil production tax revenue will be around $311 million in the 2021 fiscal year that ended on July 1. That would be a 9% increase from 2020, but a 36% decline from the year before.
Those kinds of numbers could make it even harder for Alaska to climb out of the cellar next year.
Cremata said he hopes the crisis will convince Alaska to think beyond its traditional economic drivers including tourism, fishing and oil.
“You can’t think backwards. You have to think forwards,” he said. “Perhaps, this is like a chaos-opportunity moment — where there’s chaos, there’s opportunity, so that people in Alaska, who maybe have been relying on things that aren’t as reliable anymore, maybe try to expand towards some different ideas.”
You may like
Environment
Lectric XPress 750 e-bikes get free $557 bundle at $1,399 in April sale, Jackery units up to $1,900 off in flash savings, Kärcher, more
Published
10 mins agoon
April 3, 2025By
admin

Today’s Green Deals are led by Lectric’s newly launched April Showers Sale which has up to $654 in free add-on gear accompanying e-bikes, with the models aside from the XP 3.0 e-bikes retaining their earlier price cuts. Among the lineup though, the Lectric XPress 750 Commuter e-bikes are getting the largest bundle to date with $557 in free gear at $1,399. Right behind it is the latest collection of Jackery flash offers through April 6, like the Explorer 1000 v2 Portable Power Station at $499, among others. You can also score the popular Kärcher K1700 Electric Pressure Washer right now for one of its best prices ever at $105, as well as the Greenworks 3-tool combo that bundles a 80V 21-inch Lawn Mower, 13-inch String Trimmer, and 730 CFM Leaf Blower – all at a new $560 low, but only for the rest of the day. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s Segway Ninebot F3 eKickScooter preorder savings, Anker’s SOLIX weekend flash sale, and more.
Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.
Lectric’s April sale offers largest bundle ever on XPress 750 Commuter e-bikes at $1,399 (Up to $654 in FREE add-ons)
After the exciting April Fool’s Day flash sale, Lectric has switched gears to its longer-lasting April Showers Sale that is offering up to $654 in free gear along with e-bike purchases. Of course, the XP 3.0 e-bikes are prominently featured once again, this time with $500 bundles, and we’re seeing the other models retain the price cuts from previous sales, but I wanted to take the time to shine a spotlight on the XPress 750 Commuter e-bike for $1,399 shipped that is getting $557 in free gear. This bundle would normally run you $1,956 in all, with this being the largest package to accompany the e-bike that we have seen to date. Along with your purchase, you’ll be getting a rear cargo rack, a suspension seat post, fenders to go over both wheels, an Elite headlight, adjustable rear mirrors, an accordion-style folding bike lock, a wide saddle, a phone mount, and a 1.5L top tube bag.
Coming with the option for a high-step or step-through frame, the XPress 750 e-bike is a solid choice for commuters who are looking for significant travel support, with my own regularly getting me across Brooklyn, never once having me concerned about running out of battery. It’s been given a 750W rear hub motor (that peaks at 1,310W), a removable 48V 14Ah battery, and comes supported by five levels of PAS that themselves are supported by a torque sensor – all to provide you with up to 60 miles of travel at 20 MPH speeds, which can go to 28 MPH should you live in a state that allows it. Of course, for those wanting to ride on pure electricity, there is a throttle here, though keep in mind it will lessen your mileage.
Advertisement – scroll for more content
There’s plenty of features that deserve some praise, like the hydraulic mineral oil brakes, the front suspension, and the puncture-resistant tires – all of which provide a heightened riding experience. But that’s not all, as there’s also the 7-geared freewheel alongside the Shimano derailleur, the integrated headlight and taillight, a thru-axle wheel attachment system for tool-free installations, the hidden cable routing system, removable pedals (which have helped more than you can guess), and a full-color display that has a USB-A port to charge your devices as you ride. Considering the sizeable package of additional gear, you’ll be loaded up and ready to cruise on through the seasons ahead.
Lectric April Shower Sale XPedition 2.0 bundles:
- XPedition 2.0 standard cargo e-bike with $326 bundle, Stratus White: $1,399 (Reg. $1,725)
- XPedition 2.0 standard cargo e-bike with $326 bundle, Raindrop Blue: $1,399 (Reg. $1,725)
- XPedition 2.0 DB cargo e-bike with $505 bundle, Stratus White: $1,699 (Reg. $2,204)
- XPedition 2.0 DB cargo e-bike with $505 bundle, Raindrop Blue: $1,699 (Reg. $2,204)
- XPedition 2.0 DB LR e-bike with $654 bundle, Stratus White: $1,999 (Reg. $2,653)
- XPedition 2.0 DB LR e-bike with $654 bundle, Raindrop Blue: $1,999 (Reg. $2,653)
Lectric April Shower Sale XP 3.0 e-bike offers with $500 bundles:
- XP 3.0 Black Standard e-bike, 45-mile range: $999 (Reg. $1,507)
- XP Step-Thru 3.0 Black Standard e-bike, 45-mile range: $999 (Reg. $1,507)
- XP Step-Thru 3.0 White Standard e-bike, 45-mile range: $999 (Reg. $1,507)
- XP 3.0 Black Long-Range e-bike, 65-mile range: $1,199 (Reg. $1,706)
- XP Step-Thru 3.0 Black Long-Range e-bike, 65-mile range: $1,199 (Reg. $1,706)
- XP Step-Thru 3.0 White Long-Range e-bike, 65-mile range: $1,199 (Reg. $1,706)
Lectric April Shower Sale ONE LR e-bike with $467 bundle
Lectric April Shower Sale XP Trike with $420 bundle
Lectric April Shower Sale XPeak 2.0 bundles:
Lectric April Shower Sale XP Lite 2.0 bundles:
- XP Lite 2.0 JW Black e-bike with $177 bundle, 80-mile range: $1,099 (Reg. $1,276)
- XP Lite 2.0 Arctic White e-bike with $177 bundle, 80-mile range: $999 (Reg. $1,176)
- XP Lite 2.0 Sandstorm e-bike with $177 bundle, 80-mile range: $999 (Reg. $1,176)
- XP Lite 2.0 Lectric Blue e-bike with $177 bundle, 80-mile range: $999 (Reg. $1,176)
- XP Lite 2.0 Lavender Haze e-bike with $177 bundle, 80-mile range: $999 (Reg. $1,176)

Jackery takes up to $1,900 off a selection of home and outdoor backup power solutions starting from $90
Jackery is having a short-term flash sale through April 6 on a selection of power stations that can have you geared up for spring travels alongside any unexpected emergencies. Among the pool of offers, a solid choice for outdoor ventures is the brand’s Explorer 1000 v2 Portable Power Station for $499 shipped. It would normally cost you $799 to grab it at full price, but you’ll be getting a 38% markdown here while the savings last, with things matching over at Amazon, just be sure to clip the on-page coupon. While we have seen it go as low as $399, which was last seen during Black Friday sales, you’ll be getting $300 in savings at one of the lowest prices we have tracked. Head below to see all the other deals during this sale.
One of three newer v2 models, Jackery’s Explorer 1000 v2 delivers serious power output considering its more compact design, with up to 1,500W being sent to your devices/appliances normally while being able to surge to 3,000W for larger backup needs. All this is coming from its 1,070Wh LiFePO4 capacity through its seven port options: one USB-A, two USB-Cs, and three ACs, as well as a car port.
Plugging it into a wall outlet will give you back a full capacity in about 1.6 hours, or you could reach it in just on hour by activating its emergency charging feature through the smart controls on its companion app. There’s also the 600W maximum solar input that you can utilize to recharge from the sun’s rays. It comes rated for a minimum of 4,000 life cycles, meaning that you can charge and discharge it every day for nearly 11 years of backup support.
Jackery’s other power station flash sale offers:
- Explorer 100 Plus (99Wh) Power Station: $90 (Reg. $149)
- Explorer 2000 v2 (2,042Wh) Power Station: $949 (Reg. $1,499)
- Explorer 2000 Plus (2,042.8Wh) with 500W solar panel: $1,999 (Reg. $3,299)
- Explorer 3000 Pro (3,024Wh) with 500W solar panel: $2,199 (Reg. $3,999)
- Explorer 2000 Plus (4,085.6Wh) with extra battery and two 200W panels: $2,499 (Reg. $4,399)
- Explorer 5000 Plus (5,040Wh) with two 500W panels: $3,999 (Reg. $4,999)
Jackery’s accessory flash sale offers:

Kärcher’s K1700 2,125 PSI electric pressure washer hits one of its best prices ever at $105
Amazon is now offering the Kärcher K1700 Electric Pressure Washer for $104.99 shipped. Coming down off its more recent $170 rate, which is down from its $200 price tag, discounts over the last year have mainly been keeping things above $120, though we did spy it dropping to $106 at the end of February. Today though, you’re looking at one of the best rates ever, with the 38% markdown here (48% off its $200 pricing) giving you back $65 at the third-lowest overall price we have tracked – $2 and $5 above the lowest prices.
There’s always plenty of grime left over after winter that calls for some spring cleaning, and this pressure washer from Kärcher is ready to power you through it all with up to a maximum 2,125 PSI and 1.46 max GPM flow rate. It features an on/off foot switch for easier operations, as well as an onboard 0.5-gallon detergent tank for soap application needs. There’s even a detachable storage container that you can use to keep the 20-foot hose, wand, and three included nozzles organized.

Tackle lawn duties with Greenworks’ 80V mower, trimmer, and blower combo at a new $560 low (Today only)
As part of its Deals of the Day, Best Buy is starting off April with the best rate yet on the Greenworks 80V 21-inch Lawn Mower, 13-inch String Trimmer, and 730 CFM Leaf Blower Combo that is down at $559.99 shipped through the rest of the day. This 3-tool package typically carries a $1,100 price tag outside of discounts, which we saw fall as low as $600 over 2024 and has come down to $570 so far in 2025 – until today. You’re looking at a 49% markdown through the rest of the day, saving you $540 at a new all-time low price. It’d be difficult to find this exact combo elsewhere, including Amazon, where a less advanced 3-tool combo is the closest match at $550.
With spring finally here, this 3-tool bundle is a solid choice for folks who need to tackle various jobs outside your home. The mower comes with an 80V brushless motor for more efficient operation that is powered by the included 4.0Ah battery for up to a 1/2 acre of runtime on one full charge, as well as offering seven cutting height levels for your grass. The string trimmer cuts in a 13-inch swath and sports the brand’s dual bump feed head for easier line replacement in the middle of work, which can go on for up to 80 minutes with the battery. You’ll get up to 730 CFM of air flow (about 170 MPH) from the leaf blower, which does have a variable speed control for easier handling. And what’s always nice about ecosystems like Greenworks’ is that you can also swap out the battery for any others you may have, not to mention losing the noise and fumes from gas-guzzling models.
We also spotted a bunch of Greenworks’ electric pressure washers down at some of their lowest prices too, with the GPW2003 2,000 PSI model, especially, hitting a new $135 low. You can also get your lawn’s soil back to proper health for the coming months with the brand’s 13A 14-inch Corded Dethatcher and Scarifier at $128.
Best New Year EV deals!
- GoTrax Everest Electric Dirt Bike (new low): $3,979 (Reg. $6,000)
- Aventon Ramblas Electric Mountain Bike: $2,599 (Reg. $2,899)
- Lectric ONE Long-Range e-bike with $467 bundle: $2,399 (Reg. $2,507)
- Lectric XPedition 2.0 35Ah Cargo e-bike w/ $654 bundle: $1,999 (Reg. $2,741)
- Lectric XPedition 2.0 26Ah Cargo e-bike w/ $505 bundle: $1,699 (Reg. $2,204)
- Rad Power RadRunner 3 Plus Utility e-bike (new low): $1,699 (Reg. $2,199)
- Aventon Aventure 2 All-Terrain e-bike: $1,699 (Reg. $1,999)
- Tenways CGO800S Step-Thru Commuter e-bike with $315 in free gear: $1,699 (Reg. $1,999)
- Aventon Pace 500.3 Step-Over e-bike with free extra battery: $1,599 (Reg. $1,799)
- Aventon Pace 500.3 Step-Through e-bike with free extra battery: $1,599 (Reg. $1,799)
- Heybike ALPHA All-Terrain e-bike (new model): $1,599 (Reg. $1,699)
- Aventon Abound Cargo e-bike: $1,599 (Reg. $1,999)
- Lectric XPeak 2.0 Long-Range Off-Road e-bike with $316 bundle: $1,599 (Reg. $1,915)
- Aventon Level 2 Commuter e-bike: $1,499 (Reg. $1,899)
- Tenways CGO600 Pro belt-drive e-bike with $118 bundle: $1,499 (Reg. $1,899)
- Tenways CGO600 Pro chain-drive e-bike with $118 bundle: $1,499 (Reg. $1,899)
- Rad Power RadWagon 4 Cargo e-bike with free caboose: $1,499 (Reg. $1,799)
- Rad Power RadCity 5 Plus Commuter e-bike with free extra battery: $1,499 (Reg. $1,699)
- Aventon Sinch 2 Folding e-bike: $1,399 (Reg. $1,699)
- Velotric 2024 Nomad 1 Plus All-Terrain e-bike with $134 bundle: $1,399 (Reg. $1,799)
- Lectric XPeak 2.0 Standard Off-Road e-bike with $227 bundle: $1,399 (Reg. $1,626)
- Lectric XPedition 2.0 13Ah Cargo e-bike with $316 bundle: $1,399 (Reg. $1,725)
- Lectric XPress 750 Commuter e-bike with $557 bundle (largest ever): $1,399 (Reg. $1,956)
- Rad Power RadRunner Plus Utility e-bike (new low): $1,299 (Reg. $1,799)
- Rad Power RadExpand 5 Folding e-bike (new low): $1,099 (Reg. $1,599)
- Velotric T1 ST Plus Lightweight e-bike with $120 bundle: $1,299 (Reg. $1,549)
- Velotric Discover 1 Plus Step-Thru Commuter e-bike with $120 bundle: $1,199 (Reg. $1,599)
- Lectric XP 3.0 Long-Range e-bikes with $500 bundle: $1,199 (Reg. $1,706)
- Heybike Hauler Cargo e-bike with large rear basket (new low): $1,199 (Reg. $1,499)
- Lectric XPeak 1.0 Off-Road e-bike with $227 bundle: $1,399 (Reg. $1,626)
- Segway Ninebot MAX G3 eKickScooter: $1,000 (Reg. $1,400)
- Rad Power RadRunner 2 Utility e-bike (new low): $999 (Reg. $1,499)
- Aventon Soltera.2 Urban Commuter e-bike: $999 (Reg. $1,199)
- Lectric XP 3.0 Standard e-bikes with $500 bundle: $999 (Reg. $1,507)
- NIU BQi-C3 Pro e-bike: $999 (Reg. $2,200)
- Segway Ninebot F3 eKickScooter (preorder through April 14): $600 (Reg. $850)

Best new Green Deals landing this week
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
- EcoFlow Easter Sale takes up to 60% off power stations with free gear, increased EcoCredit rewards, more – all from $169
- Score $250 in preorder savings on Segway’s new Ninebot F3 smart eKickScooter at $600
- Anker SOLIX weekend flash sale drops F2000 solar generator with 400W panel to $1,599 (Reg. $2,898), more from $429
- Clean off winter grime with Greenworks’ 2,000 PSI electric pressure washer at a new $135 low (Reg. $200), more from $19
- Score $1,050 in savings on LG’s all-in-one electric washer/dryer combo with a ventless heat pump design at $1,999
- Segway’s new Ninebot Max G3 e-scooter with Apple Find My and autonomous locking falls to $1,000 (Reg. $1,400)
- Get those weeds under control with EGO’s 56V 15-inch split-shaft string trimmer at $159, more
- Get a long-traveling budget-friendly commuter in NIU’s BQi3-C3 Pro e-bike at a new $999 low (Reg. $2,200)
- Get lawn care support on a budget with Greenworks’ 40V 16-inch cordless push mower at $210 (Reg. $300)
- Electrified Weekly – RadExpand 5 e-bike at new $1,099, Anker’s SOLIX Spring Sale adds up to $7,032 in savings, more
FTC: We use income earning auto affiliate links. More.
Environment
Ford’s new strategy includes big discounts, employee pricing for all, and free EV chargers
Published
1 hour agoon
April 3, 2025By
admin

Ford’s vehicles are about to get a whole lot cheaper. With its new “From America, For America” campaign, launched Thursday, Ford is rolling out steep discounts, including employee pricing for all, and a free home charger for EV buyers.
The new campaign promotes Ford’s “American-made” vehicles with some pretty sweet deals. Ford is offering employee pricing on most 2024 and 2025 model vehicles.
All Ford and Lincoln models except the F-150 Raptors, 2025 Super Duty pickups, and Expedition are included. The Lincoln Navigator and Ford’s fleet vehicles are also excluded.
Ford is also extending its “Power Promise” promo, which offers EV shoppers a free Level 2 home charger (plus standard installation), 24/7 live electric vehicle support, roadside assistance, and an 8-year, 100,000-battery warranty.
Advertisement – scroll for more content
The program was initially launched in October, but Ford extended it through the end of March after seeing an uptick in EV sales.
Ford’s Power Promise now runs through June 30 and is available for any new EV purchase or lease, including the Mustang Mach-E and F-150 Lightning pickup.

According to Rob Kaffl, Ford’s director of US sales, the company is able to offer steep discounts because it has the inventory. Kaffl told The Detroit Free Press, “We’re in a very competitive position in our stock.”
With “a lot of uncertainty in the market right now” amid Trump’s new tariffs taking effect, Kaffl said Ford’s new “From America, For America” will provide some security.

How significant are the discounts? Well, it will depend on the vehicle’s cost. A Ford dealer (who asked to remain anonymous) said an F-150 XLT hybrid with an MSARP of $65,000 would cost $55,000 under the employee pricing plan. The price of an Escape ST SUV, with an MSRP of $36,300, would be cut to $33,000.


Ford introduced the 2025 F-150 Lightning last week, with a new “Dark Elements” package and improved charging features. It still starts at $62,995.
The 2025 Ford Mustang Mach-E starts at $36,495 and is available in RWD (260-mile range) or eAWD (240-mile range). Upgrading to the extended battery will cost an extra $5,500 (eAWD only).
Electrek’s Take
The new promo comes after Ford reported on Tuesday that US sales fell by 1.3% in the first quarter. Despite limited inventory, the Mustang Mach-E is off to a record start in 2025, with over 11,600 units sold, outpacing the Chevy Equinox EV and Honda Prologue.
GM reported US sales growth of nearly 17% in the first three months of 2025. After EV sales doubled to 31,887, GM remained the number two seller of EVs in the US behind Tesla, topping Ford’s 22,550.
Although Ford has the largest manufacturing footprint in the US of any legacy automaker, CEO Jim Farley says it’s still not immune to the tariffs.
Ford imports about 21% of the vehicles it sells in the US. GM imports around 46%. Both are looking to get ahead of any potential impacts.
Ready to snag the savings on Ford’s electric vehicles while they are still here? You can use our links below to find deals on the Ford F-150 Lightning and Mustang Mach-E models in your area.
FTC: We use income earning auto affiliate links. More.
Environment
Tesla’s only growing business was just kneecapped by Trump’s tariffs
Published
2 hours agoon
April 3, 2025By
admin

Trump’s new tariffs on China have just kneecapped Tesla’s only growing business: energy storage, which uses battery cells from China.
Tesla released its delivery results for Q1 2025 yesterday, which were quite disastrous. At 336,000 electric vehicle deliveries, they were 40,000 units below the consensus and about 20,000 units below what even the most pessimistic analysts expected.
But there was one silver lining: Tesla reported having deployed 10 GWh of energy storage – a new record for a first quarter.
While Tesla’s electric vehicle business entered a downturn in 2024, which is now accelerating in 2025, Tesla’s energy business, which primarily consists of selling Megapacks and Powerwalls, has been consistently growing.
Advertisement – scroll for more content

The bulk of this growth can be attributed to Tesla’s production ramp at its Lathrop Megafactory, where it produces the Megapack, and in the launch and production ramp of the Powerwall 3 with LFP battery cells.
Tesla now uses LFP battery cells from China to build these energy storage systems in California and Nevada.
According to the latest information, President Trump’s new tariffs announced yesterday are resulting in 54% tariffs on importing Chinese battery cells into the US.
This will significantly increase the prices of Tesla’s Powerwall and Megapack products, which should reduce the market.
The Biden administration had already announced an increase to 25% tariffs on Chinese battery cells meant for energy storage, coming in 2026.
Tesla was already bracing for the new tariff, but the Trump administration has dramatically accelerated the timeline and increased the tariffs. The administration has confirmed that the tariffs are stacking up on top of each other, which would mean 54% for goods coming from China.
The company is believed to almost exclusively use LFP battery cells from China’s CATL in its stationary energy storage products.
With the upcoming changes in 2026, Tesla was likely preparing for the change. Last year, there were rumors that Tesla was looking to establish a LFP battery plant in the US in partnership with CATL, but the plans have yet to materialize.
Tesla has also recently started production at a new Megafactory in Shanghai to produce the Megapack. The battery systems coming out of that plant are expected to be shipped to markets outside of the US and should enable Tesla to stay competitive outside the US.
Although, as we previously reported, Tesla is starting to face intense competition from its own battery suppliers for these products, CATL and BYD, which have both recently unveiled products to compete with the Megapack.
Tesla has also recently announced plans to build a second Megafactory in the US to build more Megapacks, but it’s not clear how those plans are going to be affected by the new tariffs.
Electrek’s Take
Since last year, stationary energy storage has been Tesla’s only growing business unit, and I was already worried about it because of increased competition. BYD and CATL already have a hold on LFP cells going into the Megapack, and now they are making their own Megapack products with their own cells.
On the consumer side, we recently reported that Tesla’s brand issues also extend to the Powerwall.
Now, Tesla has to worry about tariffs significantly increasing the price of its Megapacks and Powerwalls in its biggest market: the US.
There’s a chance that Tesla has accumulated some inventory in anticipation of the tariffs, but unless they are removed, which is not impossible considering how volatile the administration has been about implementing its promised tariffs, it will result in massive Megapack and Powerwall price increases.
FTC: We use income earning auto affiliate links. More.
Trending
-
Sports2 years ago
‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports12 months ago
Story injured on diving stop, exits Red Sox game
-
Sports1 year ago
Game 1 of WS least-watched in recorded history
-
Sports2 years ago
MLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years ago
Japan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years ago
Game-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years ago
Bank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway