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Not familiar with HOVSCO? Eh, it’s not really your fault. Even if you spend all day wrist-deep in the e-bike industry like me, there’s a thousand and one e-bike companies out there. I’ve only followed HOVSCO for a few months now through some rather run-of-the-mill e-bike launches, but the company’s latest two models have actually gotten me interested. Meet the new HOVSCO HovWagon and HovScout.

If the HovWagon sounds like the RadWagon from Rad Power Bikes, that’s probably not an accident. Rad has been copied up and down the e-bike block for years, from its designs to its product names.

But the HovWagon, despite borrowing the same naming and coloring scheme, brings some interesting bits and pieces to the table.

It’s a smaller format cargo bike, bordering on utility bike territory, and uses 20″ fat tires to keep the ride fairly low on a compact cargo bike. The wheels are small enough in diameter to prevent the bike’s center of gravity from climbing higher, yet still offers a nicer ride on big fat air-cushion tires. For anyone who takes occasional detours off-road, it will likely make a big difference.

The 750W Class 2 e-bike ships with a 20 mph (32 km/h) speed limit on throttle and pedal assist, but can be unlocked via the company’s app to reach 28 mph (45 km/h).

Those that plan to make use of that pedal assist will be happy to hear that the bike includes a torque sensor to offer a higher quality pedaling experience. As the company explained:

The torque sensor pedal assist systems measure the amount of power you are putting into the pedals and it will increase or decrease the electric assist based on your pedaling power. The torque sensor systems have a very intuitive ride feel because they emulate your pedal power very well.

The frame-integrated yet still removable 720 Wh LG battery is said to offer up to 60 miles (96 km) of range on pedal assist, though I’d estimate that riders will get around half of that range if they’re heavy on the throttle and don’t pedal very much. Even so, that’s a nice big battery and some decent range, to boot.

The real star of the show for any cargo bike though is its cargo capacity. With a long rear rack that be converted into a bench seat, the HovWagon claims a maximum capacity of 450 lb (205 kg). That’s one of the highest weight ratings we’ve ever seen in the e-bike industry. There’s almost no way to verify that claim, and since Tern’s heavy hauling e-bikes are rated for similar or slightly less weight yet routinely break the test equipment used to certify them, there might be a bit of a guesstimate going into those HOVSCO weight capacity numbers.

But with hydraulic disc brakes, a 7-speed Shimano transmission, a 2-year warranty and a whole host of cargo-related accessories that bolt onto the front and rear of the HovWagon, this still seems like a more than capable e-bike for most families, and the $1,999 price tag feels fair compared to several other similarly-spec’d cargo e-bikes on the market. If you find the bike on Amazon, though, there seems to be a $100 coupon that makes the price even more attractive.

hovsco hovwagon

For those that want to step things up a notch with their adventure level, the HovScout is a bit more appropriate.

This full-suspension e-bike features larger diameter fat tires that are better for dedicated off-road riding, as opposed to the smaller dual-purpose fat tires on the HovWagon.

The HovScout is thus a more purpose-built trail bike for adventurous riding.

Despite the different geometry and design, the tech specs are actually quite similar between the two. The HovScout shares the HovWagon’s 750W power rating and 20 mph (32 km/h) top speed out of the box, but can also be unlocked for Class 3 28 mph (45 km/h) riding.

Other parts that appear to be shared by the two models are the 720Wh battery, torque-sensor pedal assist, hydraulic disc brakes, Shimano 7-speed transmission, and massive weight rating.

You’ll have to fork over an extra five hundred bucks, though, as the HovScout is priced at $2,499.

Electrek’s Take

Color me interested. Of course it’s hard for any cargo e-bike to compete with the Lectric XPedition these days, but HovWagon looks like it has a place to stand on its own. The $1,399 XPedition can save you some cash, but it’s got a smaller battery and no torque sensor, plus the integrated battery on the HovScout looks better than the ol’ behind-the-seat-tube battery on the XPedition.

For the HovScout, again it’s the torque sensor that has me really interested. A full-suspension fat tire e-bike isn’t cheap, but a torque sensor generally adds significantly to the price by putting it in a higher quality e-bike class. $2,499 isn’t nothing, but it’s not bad for a full-suspension e-bike with this loadout.

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Genesis GV90 spotted in the US, offering a sneak peek at its ultra-luxe interior

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Genesis GV90 spotted in the US, offering a sneak peek at its ultra-luxe interior

The GV90 is set to raise the bar as the most luxurious Genesis SUV. If you thought the GV80 was impressive, wait until you see this larger, three-row electric flagship. After it was recently spotted in the US, we are getting our first glimpse of the ultra-luxe Genesis GV90’s interior.

First look at the Genesis GV90 interior in the US

Genesis previewed the flagship SUV at the NY Auto Show last March with the Neolun concept, which the brand refers to as its “ultra-luxe vision of luxury SUVs.”

It’s not only stunning on the outside, but the full-size SUV will introduce advanced new tech and upscale design features for “a whole new level of luxury.”

Drawing inspiration from Korean aesthetics, the interior is fit for royalty. The concept featured a “Royal Indigo” cashmere and a vintage-like “Purple Silk” leather. Genesis topped it off with dark-colored wood accents for an even more luxurious feel.

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After it was spotted in public in California, it looks like the interior of the Genesis GV90 will retain some elements from the concept.

The new photos, courtesy of The Korean Car Blog, offer a sneak peek at what we can expect when it arrives in production form.

You’ll notice that the color scheme remains largely the same, with purple accents on the door trim, seats, and other interior elements.

The GV90 will serve as the luxury brand’s tech beacon, featuring Hyundai Motor’s latest technology and software. A 24″ infotainment system will sit at the center with navigation and voice command recognition.

It will also feature a 3D audio experience with tweeters, midrange speakers, woofers, and subwoofers strategically placed, creating an immersive audio experience. The iconic Crystal Sphere is not only a centerpiece, but it will also serve as a hi-fi tweeter speaker.

According to Luc Donckerwolke, Genesis’ chief creative officer, the concept is “the epitome of timeless design and sophisticated craftsmanship.” Do you agree?

With GV90 models now in public testing, Genesis appears to be on track to launch the flagship SUV in mid-2026. Earlier this month, we got a closer look at the exterior after it was caught testing at the Nürburgring with less camo.

More details, including prices and final specs, will be revealed closer to launch. However, it is expected to ride on Hyundai’s new eM platform, which will replace its current E-GMP.

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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

Jakub Porzycki | Nurphoto | Getty Images

The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.

In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023.

The original complaint accused the crypto exchange of violations including illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The agency also claimed that Binance unlawfully enabled trading in crypto assets it viewed as unregistered securities, an argument that was also used against Coinbase, Kraken, and others under prior SEC leadership.

The dismissal marks a symbolic end to one of the most aggressive crypto crackdowns in U.S. history, and comes as the Trump administration makes a concerted effort to prove that it’s an ally to the industry. The Justice Department has already shut down its crypto enforcement team, and the Commodity Futures Trading Commission is now set to be led by a venture capitalist with close ties to crypto.

Binance is the largest digital assets exchange in the world by volume. It recently forged ties with World Liberty Financial, a project that aspires to be a crypto bank and funnels 75% of profits to entities linked to the Trump family. Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the World Liberty team.

Binance and World Liberty are also deepening their footprint in Pakistan, where WLF co-founder Zack Witkoff, the son of U.S. Middle East envoy Steve Witkoff, recently struck a deal with the government. Around the same time, Zhao was appointed as an adviser to Pakistan’s newly formed Crypto Council, a state-backed body tasked with shaping national digital asset policy.

Binance CEO Richard Teng discusses U.S. crypto adoption at the Digital Asset Summit

The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.

The agency’s motion to dismiss was granted with prejudice, meaning the SEC can’t refile the same claims.

Under the SEC’s new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It’s held a series of roundtables led by Commissioner Hester Peirce and newly appointed Chair Paul Atkins.

The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, “Bye, bye SAB 121! It’s not been fun.”

In February, the agency followed up with new guidance indicating that it doesn’t view most meme coins as securities under federal law, providing a boon to the Trump family.

President Trump and several of his family members are closely tied to crypto ventures, including the $TRUMP token, which launched just before his January inauguration. The coin currently boasts a market cap of about $2.4 billion, with its website claiming that 80% of the supply is held by the Trump Organization and affiliated entities.

WATCH: President Trump holds controversial private dinner for top investors in his meme coin

President Trump holds controversial private dinner for top investors in his meme coin

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GM takes over as the ‘#1 EV seller’ in Canada

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GM takes over as the '#1 EV seller' in Canada

After its electric vehicle sales more than doubled in the first quarter, GM claims it’s now the “#1 EV seller” in Canada. With a full lineup of 13 all-electric vehicles, GM sold more EVs than Tesla in Canada.

GM tops Tesla to become the #1 EV seller in Canada in Q1

GM’s electric vehicle sales in Canada surged by 252% in the first three months of 2025, with new Chevy and Cadillac models driving growth.

The Chevy Equinox EV led the way with 1,892 units sold, followed by the Silverado EV with 894 units. Cadillac’s new entry-level OPTIQ had a strong showing, with 615 models sold, nearly matching the 720 units sold of its first EV, the LYRIQ.

Even the GMC Hummer EV Pickup and SUV saw more demand, with sales up 232% (186) and 88% (252), respectively.

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Combined, the automaker sold a total of 5,750 EVs in Q1. According to GM, this was enough to top Tesla to become “the #1 EV seller in Canada.”

GM Canada recently posted on social media, saying, “We claimed the top spot as Canada’s #1 EV seller!” The news comes as registration data show that Tesla registered just 524 vehicles in Quebec in Q1, down 87% from the same period last year.

The steep decline in sales comes after the Quebec government paused federal EV incentives from February to April 1st. Canada also paused its iZEV rebate program in January, which offered up to $5,000 on the purchase or lease of an EV. Like the US federal EV Tax credit, it was designed to be used at the point of sale to help lower prices.

GM-#1-EV-seller-Canada
Chevy Equinox EV LT (Source: GM)

GM also registered significantly fewer Equinox and Blazer EVs in Quebec during the quarter. Despite higher year-over-year (YOY) sales, GM’s electric vehicle (EV) sales were down considerably from the over 15,000 in Q4 2024.

GM-#1-EV-seller-Canada
Cadillac OPTIQ EV (Source: GM)

The American automaker will continue to expand its lineup with the launch of the new Cadillac Escalade IQL, Lyriq-V, and Visiq.

By the end of the year, we also expect to get our first look at the next-gen Chevy Bolt EV with deliveries starting in 2026.

Electrek’s Take

GM is building momentum with new models rolling out, which now cover nearly every segment. In the US, GM surpassed Ford and Hyundai Motor, including Kia, to become the second-largest seller of EVs last year.

Chevy is now the fastest-growing EV brand in the US. The new electric Equinox, or “America’s most affordable 315+ miles range EV,” as GM calls it, is quickly becoming a top seller. The Blazer and Silverado EVs are also gaining traction.

Cadillac reported its best first quarter since 2008, with retail sales increasing by 21%. After delivering the first models in Q1, the entry-level OPTIQ is off to an impressive start with 1,716 units sold.

GM will top off its US electric vehicle lineup with the next-gen 2026 Chevy Bolt EV due out later this year or in early 2026.

Source: GM Authority, GM Canada

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