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If I told you that Phoenix-based Lectric eBikes took another popular-yet-expensive electric bike and found a way to produce something that is almost as good but at a fraction of a price, would you even be surprised anymore? That’s become the brand’s defining ethos, and they’ve proven it once again with the release of the Lectric XPedition electric cargo bike.

There are a lot of cargo e-bikes that we could compare side-by-side with the Lectric XPedition. Heck, there are simply a lot of electric cargo bikes out there these days.

But if you ask me, this is a poor man’s Tern GSD.

The Tern GSD is one of the most highly refined, beautifully designed, and expertly engineered electric cargo bikes on the market. It also ranges from $5,000 to $9,000, depending on the version.

At just $1,399, the Lectric XPedition probably costs less than just the Bosch powertrain on the GSD.

If you’re a cynic, then the XPedition was designed to eat the GSD’s lunch. If you’re more idealistic, then the XPedition brings much of the GSD’s convenience (small size, massive cargo capacity, wide range of rider fitment) to the masses at a price that normal folks can afford.

However you see it, the end result is undeniable. This is an electric cargo bike that will change the industry. Period.

Check out my video review of the new e-bike below, then read on for more about the bike!

Lectric XPedition video review

Lectric XPedition – key specs

I’ll have a more in-depth ride experience review coming in a couple days, but for now let’s start with the bike’s specs and my first impressions from several days of riding.

To start with, there are two models: a single and dual battery version.

They’re otherwise identical. They both use a 48V system, have a 750W continuous-rated motor and claim 1,310W of peak power. More on that peak power in a moment.

The single battery version has a 48V 14Ah battery for 672Wh of capacity, while the dual battery version double that to 1,344Wh of battery. That’s enough for 75 or 150 miles (120 or 240 km) of range on pedal assist, respectively. Even on throttle, you’ll probably still get a solid 30 or 60 miles (48 or 96 km) of range.

Lectric XPedition e-bike

The Lectric XPedition hits 20 mph (32 km/h) on throttle-only riding but can reach as high as 28 mph (45 km/h) on pedal assist. The large 54-tooth chainring up front and the small 11-tooth sprocket on the 7-speed cassette help achieve a reasonable pedal cadence even at high speeds.

The bike rolls on 20″ wheels and features a custom 3″ urban tire designed by Lectric. The tires come with pre-Slimed tubes, meaning you basically get your first few flat tires for free. You probably won’t know that the self-healing Slime in your tubes saved you, but you ultimately could have several thorns, staples or other road debris in your tires months from now and still be rolling pretty with air in your tires.

Also, those tires may be custom but they’re still a standard size, so you can easily find tubes to fit.

For stopping, the bike includes a pair of hydraulic disc brakes on 180mm rotors. There’s an IP65-rated water-resistant display, a sturdy dual kickstand, a long rear bench, and support for a front rack/basket.

The handlebars fold down to make the bike even shorter, which is perfect for sliding it between the seats in an SUV or minivan.

Lectric XPedition e-bike

And get this: the weight rating is insane. Not only is the bike rated for a max rider weight of 330 lb. (150 kg), but the total payload capacity is rated at 450 lb. (204 kg). The rear rack alone is rated for 300 lb. (136 kg) loads.

That means a 150 lb. rider like me can still have a 300 lb. passenger on back and remain within the bike’s weight ratings, as long as neither of us had a big lunch.

What about that power?

So I mentioned that I wanted to talk about that “1,310 watts of peak power” that Lectric claims. I’m going to have call B.S. on that. Allow me to put my rarely used engineer hat on for a second here (hey, I dust off that degree occasionally!).

E-bike power can be calculated as simply as multiplying the electrical voltage by the current (amps). That gives you the electrical power flowing through the system and ignores losses due to inefficiencies, such as how much power actually makes it from the battery to the rubber to the road. But it’s a good enough proxy for e-bike power that it is basically what we use.

The XPedition has a 24A controller, but the 48V battery (like all 48V Li-ion batteries) actually charges to 54.6V when fully charged. So Lectric took that higher number, multiplied it by 24 amps, and got that magically impressive 1,310 W peak power figure. But the problem is that the battery will only ever be at 54.6V for the first fraction of a second coming off a fresh full-charge. It drains throughout the ride, eventually dipping below 40V before cutting out at empty. So we generally use 48V as an average voltage, which gives us a more realistic 48V x 24A = 1,152W. And while the 1.15 kW peak power isn’t that different than the 1.31 kW claimed by Lectric, it’s a measurable difference. Okay, now let’s put that journalist/YouTuber/bike tester hat back on.

Having said all that, now let me tell you this. Whether you use the 1.3 kW or 1.1 kW number, the bike is disgustingly powerful. Like, just grossly powerful. And I mean that in the absolute best way possible. It has so much power that I grin ear to ear when I use it to haul a load or climb a hill. It feels like it can outpull a donkey. On hill climbs, it feels like the tires are filled with helium. The thing simply climbs and climbs. And it does so fast.

Remember when I tested the Lectric XP Trike and took it to a massive hill? I was amazed I could even climb up the hill on the trike. It wasn’t terribly fast, but rolling at 6-10 mph up a hill that was difficult to walk up felt impressive. Well, get this. After that test, I went back with the Lectric XPedition. It climbed that hill and flew past the XP Trike so fast it was just a three-wheeled blur.

So there’s no lack of power here. If anything, I’d recommend springing for the second battery model if you can, just so that you have extra charge to supply that power-hungry motor.

Better pedal assist that almost feels like a torque sensor

An interesting note about the Lectric XPedition’s pedal assist is that even though it uses a cadence sensor, it feels a bit more like a fancier torque sensor’s pedal assist.

There’s still telltale cadence sensor lag when you begin pedaling, but it doesn’t rocket you up to preset speeds at each pedal assist level. That’s because instead of using a speed-based pedal assist programming structure, Lectric used a power-based structure. Essentially, each pedal assist level allows progressively higher power, meaning you can pedal at whatever speed you wish and just enjoy more or less power, not more or less speed.

Lectric eBike’s CEO Levi Conlow explained it to me before I had the chance to test it as his form of cheating. “We like to cheat here. Just like how we cheated a mid-drive into the Lectric XP Trike by starting with a hub motor, we’re basically cheating our way to a torque sensor with this type of pedal assist programming.” Having tried it myself, I can confirm. They cheated, and it works great. It’s just a more comfortable way to use pedal assist as it allows you to ride at your own pace, more like a torque sensor-based system.

It doesn’t do anything to solve the pedal assist lag, but it makes the rest of the pedal assist experience so much better.

Top value, as usual

Value has become Lectric’s calling card. They might as well be named “Bang For Your Buck E-bikes” because that’s exactly what they do. And that’s exactly what you get with the Lectric XPedition.

It’s nowhere near as good as the Tern GSD or other many-thousand dollar bike shop e-bikes out there. It lacks the Bosch mid-drive motors, the quick-release thru-axles, the higher end automatic shifting and ultra powerful brakes, the fancier tail-standing rack, the higher spec hardware, and many of the nicer fit and finish details. It doesn’t come in a rainbow of colors and it doesn’t have a super-optimized weight saving frame (though 68 lb. isn’t bad for a high-power cargo e-bike). But you could also buy a parking space full of XPeditions for the price of one of the e-bikes that it imitates.

And for most people, that’s darn good enough.

The bike is a heavy-hauling, accessible e-bike that comes priced for the common man. And that’s something that the world needs more of.

If you can afford to buy a GSD, do it. It’s an amazing bike and you won’t regret it. But for those that could never justify spending several thousand dollars on an e-bike when money is tight enough as it is, bikes like the $1,399 Lectric XPedition will give you 80-90% of the day-to-day utility. And that’s good enough for me!

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Ford is preparing for an all-new EV at its Louisville assembly plant, but which one?

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Ford is preparing for an all-new EV at its Louisville assembly plant, but which one?

The Louisville assembly plant is scheduled for an extensive retooling starting later this year to produce a new Ford EV model. After the Escape is phased out, Ford will upgrade the facility to introduce an all-new EV.

What new EV will Ford build in Louisville?

Since 2022, Ford has had the same three electric vehicles available in the US. The Mustang Mach-E, F-150 Lightning, and E-Transit. However, that could change soon.

According to Todd Dunn, president of UAW Local 862, Ford’s Louisville plant will likely see some major changes later this year.

Dunn told The Courier Journal that the retooling could take upwards of 10 months. Ford is expected to begin the upgrades in December when the Escape and Lincoln Corsair, which are made at the plant, are phased out.

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Although Ford has yet to confirm the retooling, according to Dunn, the downtime will impact around 2,300 workers at the plant. They are expected to be temporarily laid off during the retooling, but Dunn said they will qualify for supplemental unemployment benefits and will also be able to draw unemployment.

Ford-new-EV-Louisville
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)

The upgrades are part of a 2023 UAW and Ford agreement to make the Louisville plant one of three due for a future EV model.

As to which EV, Dunn still doesn’t know, or when Ford will officially announce it. Since Ford already scrapped plans for a three-row electric SUV, that’s out.

Ford-new-EV-Louisville
Ford’s electric Explorer for Europe (Source: Ford)

Ford is planning to launch the first model on its long-awaited low-cost EV platform, a midsize electric pickup, in 2027. But this is expected to be built in Tennessee. A new “digitally advanced” electric van that will be built in Ohio is also due out next year.

2025-Ford-F-150-Lightning
2025 Ford F-150 Lightning (Source: Ford)

So, what mysterious new EV is Ford planning for Louisville? Ford spokesperson Jess Enoch told The Courier-Journal last year that the company is “committed to an all-new electric vehicle” at the plant but said, “We will share details closer to launch.”

The news comes after Ford’s Mustang Mach-E notched its highest first-quarter sales since its launch, with 11,607 units sold in the first three months of 2024. F-150 Lightning sales, on the other hand, fell 7%.

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Eric Trump says he moved to crypto after family business became ‘most canceled company’

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Eric Trump says he moved to crypto after family business became 'most canceled company'

American Bitcoin co-founder Eric Trump: Crypto's the 'future of the modern financial system'

Eric Trump says his family was “the most canceled company, probably on Earth.”

That was then.

With his dad, President Donald Trump, back in the White House, he sees a new money-making opportunity.

“It actually is what drove us toward cryptocurrency,” the president’s middle son told CNBC, referring to the Trump family’s latest business endeavors. “You realize that cryptocurrency was a lot faster, it was a lot more pragmatic, it was a lot more transparent, it was exponentially cheaper.”

In 2022, about two years after the end of President Trump’s first term, two subsidiaries of the Trump Organization were convicted by a jury in New York of multiple crimes, including tax fraud, falsifying business records and conspiracy. The guilty verdicts on all 17 charged counts came three weeks after Trump declared his 2024 candidacy.

Last month, the Trump Organization sued Capital One in Florida over allegedly “unjustifiably” closing more than 300 of the company’s bank accounts following the Jan. 6, 2021, riot at the U.S. Capitol. The lawsuit claimed Capitol One was acting on “unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views.”

Prior to Trump’s return to the White House, the Trump Organization unveiled a new ethics plan that said it would limit the president’s involvement in management decisions and other aspects of the business while he’s in office.

President Donald Trump (2R), flanked by US Secretary of Commerce Howard Lutnick (L), US Secretary of Treasury Scott Bessent (2L) and White House AI and Crypto Czar David Sacks (R), attends a the White House Crypto Summit in Washington, DC, March 7, 2025. 

Jim Watson | Afp | Getty Images

But crypto is another matter. President Trump and First Lady Melania Trump launched meme coins just before the new term, adding billions of dollars of paper wealth to the family’s net worth.

Eric Trump and older brother Donald Trump Jr. are going even bigger. They recently announced plans to launch a U.S. dollar–backed stablecoin through their new venture, World Liberty Financial, and a new bitcoin mining company called American Bitcoin, co-founded with Hut 8 CEO Asher Genoot.

Eric Trump described his entry into crypto not as a financial bet, but as a form of resistance, and said the move began during what he calls the “war on the industry.” Banks were closing accounts, the SEC was cracking down on exchanges, and crypto users were being “debanked” for simply holding coins, he said.

“They were going after people,” he said. “They were suing everybody. Banks were closing down people that just wanted to own bitcoin.”

That’s when Eric Trump said he started associating with like-minded people in and around crypto.

“At this point, I know almost everybody in the industry in some way, shape or form,” he said. “I fell in love with the industry, you know, a few years ago, and really dove head in.”

At World Liberty Financial, the Trump brothers are backing a stablecoin play aimed at competing with players like Tether. Eric Trump didn’t have a specific answer when asked how the project would stand out in a crowded field, saying only, “We’re gonna do it better, cheaper, faster, and we’re gonna do it with a lot of passion.”

Read more about tech and crypto from CNBC Pro

Meawhile, he’s working with Genoot to stand up American Bitcoin, a new mining venture that aims to scale quickly, and possibly go public.

Genoot told CNBC he connected with the Trump kids through mutual friends and began trading stories about their paths into crypto, leading to a business alliance.

Genoot said the company is being separated from Hut 8’s broader energy and artificial intelligence infrastructure platform.

“We’re actually carving out the majority of our assets,” Genoot said. “We’re putting them into American Bitcoin.”

Eric Trump, who is co-founder and chief strategy officer of American Bitcoin, said “every single sophisticated country is using their excess power to mine bitcoin.”

Though his family is closely linked to the current administration’s pro-crypto stance, Eric Trump said he has no role in policy and no contact with the White House. His dad’s presidency was heavily funded by the crypto industry and, since returning to the White House, President Trump has rewarded his backers, signing an executive order to create a strategic bitcoin reserve, and pardoning Silk Road creator Ross Ulbricht as well as the three co-founders of the BitMEX crypto exchange.

“I don’t have anything to do with government, and frankly, I don’t want anything to do with government,” Eric Trump said.

But he made clear that the U.S. needs a regulatory framework that allows crypto to thrive.

“You better believe that China is running very hard at this. The entire Middle East is running very hard,” he said. “We won the space race. We better win the crypto race.”

WATCH: Eric Trump, Hut 8 CEO outline partnership to launch new bitcoin mining company

Eric Trump, Hut 8 CEO outline partnership to launch new bitcoin mining company: CNBC Crypto World

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Greenlane and Volvo’s bold plan to transform electric truck charging in the US

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Greenlane and Volvo’s bold plan to transform electric truck charging in the US

Greenlane is teaming up with Volvo Trucks North America to make charging heavy-duty electric vehicles (HDEVs) easier and more accessible.

The charging network developer is now integrated into Volvo’s Open Charge service, which gives Volvo customers streamlined access to Greenlane’s public chargers. This collaboration makes Greenlane the first official Charge Point Operator (CPO) in North America to partner with Volvo.

Greenlane is a joint venture between Daimler Truck North America, NextEra Energy, and BlackRock. It’s building a US-wide charging network for heavy-duty commercial vehicles, aiming to reduce costs and simplify switching to electric fleets.

Through Volvo Open Charge, Volvo customers now have real-time access to Greenlane’s network, which means easier access to public charging, centralized billing, and special perks. Fleets won’t have to spend big money on their charging infrastructure. Instead, they can plug into Greenlane’s growing network, which will help cut costs and operational headaches while extending range.

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Patrick Macdonald-King, Greenlane’s CEO, called the partnership “a first-of-its-kind collaboration to deliver public charging solutions tailored to the needs of medium- and heavy-duty fleets.” He said it’s all about making the shift to electric trucks smoother and keeping goods and services moving while progressing toward zero-emissions freight.

Greenlane’s flagship charging site is set to open in Colton, California, in April, with more than 40 publicly accessible chargers for everything from heavy-duty trucks to smaller electric vehicles. It’s part of a larger plan to build a network along the I-15 corridor, with stations roughly 60 to 90 miles apart. Future California locations are planned for Long Beach, Barstow, and Baker.

Greenlane and Volvo will continue integrating new membership features into Volvo Open Charge, such as booking reservations. By letting fleets tap into an existing public network, Greenlane’s services can make the transition to electric trucking less about building infrastructure and more about just getting trucks on the road.

Read more: Greenlane’s flagship electric charging truck stop to open in April


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