Extreme E, the off-road electric racing championship which races in exotic locations to highlight conservation efforts, starts its third season this weekend with a race in Saudi Arabia along the coast of the Red Sea.
The first two seasons of Extreme E brought us an abundance of chaotic racing, with purpose-built electric vehicles showing their incredible capabilities in difficult terrain.
Every Extreme E race location is picked to bring awareness to one aspect of how humans are affecting the world around us. This one, the Desert X Prix, brings desertification into focus. As the climate changes and gets warmer due to human activity (from carbon emissions, which Saudi Arabia itself plays a large part in emitting), fertile land can degrade and shrink, turning into desert terrain due to drought and higher average temperatures (or due to over-farming).
This has famously happened in the “fertile crescent” – the area in the Middle East, not too far North of the Desert X Prix’s race location, where human civilization first flourished due to the region’s exceptional fertility. That fertility has waned over time due to human activity, turning formerly fertile lands into desert.
The four other race locations this season focus on issues related to their locations as well. Races are given names related to the environmental issues they plan to focus on, though further details of each race are yet to be announced:
Hydro X Prix, May 13-14 in Scotland
Island X Prix, July 8-9 in Sardinia
TBC, September 16-17 in Amazon or USA (theme and location has not yet been announced, but we’ll guess it’s about forests/rainforests)
Copper X Prix, December 2-3, Antofagasta, Chile
The series is expanding this year, with a new format that consolidates each race down to a one-day affair. In place of time trials, qualifying sessions are now five-car races of two heats each, and the top 5 combined placements go on to the finals, with positions 6-10 going on to a separate race for placement.
Since races are now one day each, this means that the format has turned each race weekend into a doubleheader, thus doubling the number of total races in the season from 5 to 10.
A few drivers have shuffled teams and some new ones have been added, the most famous of which is Heikki Kovalainen, a former Formula One driver and race winner who has since been dabbling in various rallying series. The series also sees a new team this season owned by DJ Carl Cox.
Each session includes equal participation from a team’s two drivers. In contrast to other motorsports which are almost entirely male-dominated, Extreme E requires that each team have one male and one female driver, and that they share driving duties equally over the weekend, in order to advance equality and encourage opportunities for women in motorsport.
The teams are also equal in the equipment they use, with all teams racing in the same Odyssey 21 racecar from Spark Racing Technology. The cars are the same this year at last, though the standard Continental CrossContact tires used by Extreme E now include an increased percentage (43%) of sustainable materials in their construction.
The Odyssey 21 weighs 1,650 kg (3,637 lbs) and puts out 400kW (550hp), allowing it to race to 0-100 km/h (0-62) in 4.5 seconds. But this is an off-roader, not a track car, and with its niobium-reinforced steel frame, raised suspension, and huge tires, it can conquer rough roads and gradients of up to 130% (over 52º). And that 0-62 time supposedly applies on any surface, whether it be road, sand, or gravel.
As with last season, this season starts with a race in Neom, Saudi Arabia, site of a planned city concept in the country’s Northwestern Tabuk province. While the city is not built yet, plans call for the $500 billion city project to be powered entirely by renewable energy – which probably influenced Extreme E’s choice of it as a race location. Though the plans are not without controversy.
Neom made waves this year with a… let’s say “optimistic” video describing “The Line,” a concept for a 170km-long, 500m-tall branch of the city that could house nine million people in a car-free environment.
But the course will be different than the last two years. Rather than racing through rocks and sand dunes as we’ve seen before, this race will take place in a flatter environment along the Red Sea. Extreme E has raced in similar locations before, when it went to Senegal for the Ocean X Prix in season 1.
The change from desert sand to beach sand could help mitigate one of the problems we’ve seen before in the desert, where large plumes of fine desert dust get kicked up behind cars, making it hard to follow closely which results in it being near-impossible to pass a leading vehicle. Ocean sand tends to be coarser and results in less persistent plumes, improving racing.
In keeping with the series’ message to focus on conservation efforts with each race, Extreme E participates in a “legacy program” at each race location. The intent is to leave a lasting positive impact on each local community and environment with some relevant conservation effort.
For this year’s Desert X Prix, Extreme E will assist in the release of Arabian Oryx, Red Neck Ostriches and Arabian Sand Gazelles into the 25,000 square kilometer NEOM nature reserve. These three species used to be common in the area, but went extinct or near-extinct in the wild over the last century, saved by captive breeding efforts.
Extreme E will also plant more trees in the area, expanding on its regreening efforts from last year’s legacy program.
These sustainable practices will hopefully bleed over into viewers through Extreme E’s “Count Us In” challenge, which encourages fans to take concrete steps towards more sustainable practices in their own lives. Fans can then pledge these steps to their favorite team for extra brownie points.
The last two seasons have basically been two-horse races, with teams RXR and X44, owned by former Formula 1 teammates Nico Rosberg and Lewis Hamilton respectively, in close competition for the championship. RXR won season 1, and X44 won season two, both with extremely slim margins. But X44 has lost its star driver this year, Sebastian Loeb, who is widely considered among the best rally drivers of all time, while RXR continues with its line up of Johan Kristofferson and Mikaela Åhlin-Kottulinsky from their second-place showing last season.
Extreme E says, however, that this will be the “closest season yet” – we’re not sure how they know this, but we’re ready to tune in and see a double dose of the wild electric off-road racing that excited us so much in the first two seasons.
To find out how and when to watch the races in your country, head on over to Extreme E’s Broadcast Information site. Final races start at 12 p.m. UTC (3 p.m. local Saudi time) on each day, which translates to 4 a.m. PST/7 a.m. EST on Saturday and 5 a.m. PDT/8 a.m. EDT on Sunday, since Daylight Saving Time starts on Sunday morning. In the US, the final race program will be aired delayed on Fox Sports 2 at 6:30PM EST on Saturday and 6PM EDT on Sunday (but check your local listings – and your clocks – due to the time change). Last season, races were available to watch after the fact on Extreme E’s website, though we don’t know yet if they’ll be available there this season as well.
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The all-electric luxury electric SUV is getting significantly cheaper. Lexus launched a new entry-level 2025 RZ trim with starting prices over $10,000 less than last year’s model. And you get just as much driving range.
2025 Lexus RZ electric SUV prices and driving range
Lexus launched its first dedicated EV last year, the RZ electric SUV. Starting at $55,175, the 2024 Lexus RZ 300e has a range of up to 266 miles.
The 2024 RZ 450e AWD, equipped with its dual-moto DIRECT4 system, has a range of up to 196 miles. Prices start at just under $60,000. Both models are offered in Premium or Luxury packages.
Lexus is drastically lowering prices for the 2025 model year. The 2025 Lexus RZ starts at $43,975, and that includes the $1,175 delivery fee.
At under $44,000, prices for the 2025 RZ start at over $10,000 less than last year’s model. The lower price tag comes as Lexus added a new entry-level RZ 300e FWD trim to the lineup.
The 2025 Lexus RZ 300e FWD still has an EPA-estimated 266-mile range (18″ wheels), so despite the lower price, it’s no loss from last year’s model. It’s powered by a 72.8 kWh battery pack from global leader CATL.
Lexus modified the subframe for the FWD model, replacing the rear eAxle from the AWD model. The result is a quieter, smoother drive.
Powered by a 71.4 kWh battery, the 2025 RZ 450e AWD has an EPA-estimated driving range of up to 220 miles (18″ wheels).
2025 Lexus RZ model
Starting Price*
EPA-estimated Driving Range
RZ 450e AWD
$48,675
220 miles
RZ 450e Premium AWD w/ 18″ Wheel
$52,875
220 miles
RZ 450e Premium AWD w/ 20″ Wheel
$54,115
196 miles
RZ 450e Luxury AWD
$58,605
220 miles
RZ 300e FWD
$43,975
266 miles
RZ 300e Premium FWD w/ 18″ Wheel
$48,175
266 miles
RZ 300e Premium FWD w/ 20″ Wheel
$49,415
224 miles
RZ 300e Luxury FWD
$53,905
266 miles
2025 Lexus RZ electric SUV prices and range (*Includes Delivery, Processing and Handling fee of $1,175)
The 2025 Lexus RZ is available in three grades. These include the new entry-level model, in addition to the current Premium and Luxury trims.
Inside, the electric SUV has a minimalistic feel with a standard 14″ infotainment with Apple CarPlay and Android Auto support at the center.
You can also opt for the available 10″ head-up display (HUD), Mark Levinson Surround Sound System, and a host of safety features.
The flat platform provides a spacious interior with 37.52″ of rear legroom, nearly as much as the second row of a Ford Explorer (39″).
With the 2025 model arriving at dealerships soon, Lexus is offering closeout prices on 2024 models with up to $18,500 in lease cash discounts. You can use our link to find the best offers on the Lexus RZ at a dealer near you today.
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Markets dipped lower Friday after a rough week for the S & P 500 , which fell 1.7%. Investors are grappling with the potential impact of a Trump presidency, but Jim Cramer argued this “unease on Wall Street” is premature since we still don’t know how the economy will respond to the new administration. Meanwhile, energy and financials are the top-performing sectors, driven by hopes for deregulation and a pro-business environment. Coterra , our oil and natural gas play, stands to gain from increased drilling activity. Jim would “love to double down on Coterra” since data centers will turn more to natural gas to meet soaring energy needs. 2. Jim said he was nervous about Best Buy , the electronics retailer expected to benefit from the refresh AI-powered PC cycle. He’s concerned about how potential China import tariffs under a Trump presidency would squeeze Best Buy’s operating profit, since many electronics sold by the retailer are manufactured in China. Jim debated on Friday whether to trim Best Buy, but hesitated since it is more of a 2025 play. With a small 2% stake in the company, we’re opting to keep a close watch on sales trends, especially as the latest retail data shows strength in electronics and appliances — an encouraging sign heading into the holiday shopping season. 3. A bright spot in a down market is solar company Nextracker . Solar stocks rose Thursday after a Reuters report suggested clean energy policies under Biden’s Inflation Reduction Act “will be tough to roll back” as companies have already poured money into the programs. Nextracker rallied more than 6% Thursday on hopes that solar might be spared. However, the stock gave up some of those gains Friday, slipping 3%. Jim pointed out that Trump isn’t against solar companies, but rather he’s against the parts made overseas. Nextracker’s solar solutions are made in the U.S. 4. Stocks covered in Friday’s rapid fire at the end of the video were Berkshire Hathaway and Alibaba . (Jim Cramer’s Charitable Trust is long CTRA, BBY, NXT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
U.S. Secretary of Energy Jennifer Granholm speaks to the media on day five at the UNFCCC COP29 Climate Conference on November 15, 2024 in Baku, Azerbaijan.
Sean Gallup | Getty Images News | Getty Images
A potential decision by Donald Trump to walk back the Biden administration’s climate-geared projects would impact jobs in areas governed by the President-elect’s own party, outgoing U.S. Energy Secretary Jennifer Granholm told CNBC, urging consistency in Washington’s green transition policies.
Referencing the White House’s withdrawal from the Paris Agreement — a 2015 treaty in which nearly 200 governments made non-binding pledges to reduce greenhouse emissions — during Trump’s first mandate, Granholm said the U.S. pressed ahead with projects linked to the green transition that members of Congress wanted to undertake in their districts.
“We are now building all of these projects. We’re building batteries for electric vehicles, we’re building the vehicles, we’re building the offshore wind turbines, we’re building the solar panels. And all of those are factories. And those factories are in districts of members of Congress,” she told CNBC’s Dan Murphy on Friday at the COP29 U.N. climate conference held in Baku, Azerbaijan.
She estimated that 80% of the funding from U.S. President Joe Biden’s legacy bills — the Inflation Reduction Act and the Bipartisan Infrastructure Law — went to U.S. districts represented by Republican leadership.
“It would be political malpractice to undo those opportunities when people are just now getting hired,” she said, stressing benefits to the manufacturing sector and noting that the business community of the world’s largest economy and oil producer now wants a clear course from Washington on its climate policy.
“This isn’t about in [the Paris Agreement], out, shifting back and forth. Let’s have a consistent practice,” she said.
When asked for a response on Granholm’s comments, Karoline Leavitt, a spokeswoman for Trump’s transition team, said the president-elect will “deliver” on the promises he made on the campaign trail.
International focus has now shifted on the shape of the U.S.’ future role in global climate policy, as Trump prepares to take the helm at the White House for a second mandate in January, following a sweeping victory against Democrat candidate Kamala Harris. Trump — who has yet to announce his own pick to lead the U.S. Department of Energy — put hydrocarbons at the front and center of his campaigning agenda, pledging to “end Biden’s delays in federal drilling permits and leases that are needed to unleash American oil and natural gas production.”
The U.S. Energy Information Administration (EIA) in March said that the country already “produced more crude oil than any nation at any time” for the past six years to 2023, averaging a crude oil and condensate production of 12.9 million barrels per day that year — breaking the previous U.S. and global record of 12.3 million barrels per day recorded in 2019, during Trump’s first mandate.
Yet Granholm on Friday stressed that the clean transition is also “unleashed” and will take place regardless of who is leading the White House — and that ignoring climate change risks sacrificing Washington’s position as a frontrunner in the blooming decarbonization industry.
“Why would we take a second, a backseat to an economic competitor like China?” she asked. “They have an economic strategy, they want to be number one. So if we get out of the game, we’re just going to cede that territory all over again. It’s bad strategy for the United States and for workers and for communities across the country.”
As the world braces for the possibility of a second U.S. exit from the Paris Agreement, some climate activists note that the green transition has now gained a different global momentum than during Trump’s first turn at the White House:
“There is no denying that another Trump presidency will stall national efforts to tackle the climate crisis and protect the environment, but most U.S. state, local, and private sector leaders are committed to charging ahead,” Dan Lashof, U.S. director of the World Resources Institute, said in a Nov. 6 statement.
“Donald Trump heading back to the White House won’t be a death knell to the clean energy transition that has rapidly picked up pace these last four years.”
Granholm also identified potential support in Trump’s current entourage, which this week welcomed business tycoon Elon Musk as the president-elect’s choice to head a new Department of Government Efficiency, alongside conservative activist Vivek Ramaswamy:
“His right-hand man, Elon Musk, is somebody who has been strongly in favor of products that … address climate change. Obviously, he’s the founder of Tesla,” Granholm pointed out.
Musk’s environmental stance has come under question over the years, shifting from telling Rolling Stone magazine that “climate change is the biggest threat that humanity faces this century, except for AI” and backing carbon taxes to holding that the world needs hydrocarbon supplies as a bridge to renewable energy.