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During a recent family trip to Southern California, Mercedes lent us two of their flagship electric vehicles. We picked up an EQS SUV at the airport, drove it around Los Angeles and to Big Bear Mountain and back, stress testing that huge battery against elevation and high speeds. Then, to switch it up, I drove the slightly less family-friendly but more fun EQE to destinations around LA for the second half of the week. Yes, $130K cars are so much more decadent than the Hertz vehicles we’d planned for, but here are my big takeaways.

Picking up the EQS SUV from LAX, it is a relatively unassuming car (especially compared to the Red AMG EQE we’ll discuss later) that most people won’t recognize as a six-figure flagship EV. The gorgeous front plastic grille tips the hand a little bit, but otherwise, this is a very unassuming vehicle on the outside other than the Mercedes logos.

Just like the EQS Sedan I reviewed last year, the inside was gorgeous and luxurious, though it lacked the passenger dash third screen. It also lacked the Galaxy tab in the back but had most of the other accouterments, including those light massaging front seats, which would be key after a day of snowboarding. I’ll stick by my previous statements on the interior, though the SUV naturally even has more headroom:

If the inside of the EQS is anything, it is roomy. The sheer enormity of the interior is hard to put into words. Add to that the ginormous “Hyperscreen” which his really 3 screens under the same glass that spans the width of the front of the vehicle…a control screen between the 2 front seats allows those in the rear to individually control their temperature settings.

What’s ironic is you don’t even have to look at the three big screens while driving because Mercedes includes one of the best heads up displays in the business. In fact, this is the first car that I preferred the built in mapping software to CarPlay/Google Maps and that’s because of the heads up integration – also it does look amazing on that huge center display.

The kids (11, 14) loved the ability to wireless charge in the armrest and adjust the back seat temperature, something they don’t get in the Chevy Bolt and Tesla Model Y they are used to at home. There’s also a ton more room in the back which almost kept them from fighting.

Probably the biggest difference is the boot, which now goes from a big EQS sedan to an even bigger SUV. That was key when it came to carrying our snowboards and equipment up the mountain.

Although we were four people on this trip, there was a third row, which I found roomy and housed our youngest during a particularly contentious part of the trip.

I climbed in the third row, and at 6 feet, 220 pounds, I felt like claustrophobia would take about 30 minutes to kick in. Even with the third row, there is plenty of room in the back for a row of groceries and even a false floor to store charging apparatus or other items.

No frunk, no hood access

The ample rear space is key here because not only does Mercedes not have a frunk, but they also don’t even allow access to the front hood area. I was curious to see where one would add the wiper fluid – it turns out there is a door on the driver’s side that you can use to do that.

It’s a bold strategy, Cotton. Let’s see if it pays off for them.

The Mercedes EQS SUV drive

Any wonderment about why someone would pay $130K for an SUV is immediately answered once you hit the road. The air suspension makes my sub-$50,000 vehicles at home feel like panel trucks. The cabin is whisper quiet even at 80mph, the turning is relatively tight, and the sub-6 second 0-60 acceleration is strong. Mercedes adds an acceleration soundtrack option which I felt compelled to try and found “not distracting.”

Mercedes, as is often the case, has a ton of varieties of the EQS SUV, and I had a middle-ish trim called 450 4MATIC. In this trim, the EPA mileage is 285 miles from the 108.4kWh battery. It was only tested on our 2.5-hour, 120-mile trip up the mountain to Big Bear. Around town, I’d seen mileage pretty closely pinned to the EPA range, but going 80mph up to 8000 feet? Let’s just say we stopped at a ChargePoint 50kW station (that put out <33kW) at dinner before our trip back.

Chargepoint Mercedes EQS

It turns out that after regenerating most of the way down the mountain, we probably would have made the 240-mile round trip without the need for a charge, but I found myself playing it a lot safer without a garage charger waiting for me at home.

Easy street parking charging

This isn’t Mercedes-specific, but I found that it was really easy to keep these cars topped up with all of the options around town. Our Santa Monica Airbnb had street parking without access to power, but ChargePoint seemed to be everywhere, including about 20 level 2 stations at the beach where my kids surfed and a neighborhood station we topped up at over dinner a few times. Redondo Beach’s library, a few blocks from the beach/pier, also had some level 2 options that were easy and helpful. There was never any range anxiety, and I don’t even know if we lost any time because charging stations were so close to our venues and easy. I realize that Los Angeles is anything but a charging infrastructure desert, but this was the first time I’d gone 10 days without a garage charger, and it was too easy.

Switch to the AMG EQE

About midway through the week, Mercedes swapped out our EQS SUV with the AMG EQE sedan. (Yes, rough life, I know.) My wife and I had opposite reactions to the swap. Hers was, “This is worse in every way. It is smaller, [has] fewer seats, less room, has less range, it’s red, and has sports suspension.” As I’ve grown older, I’ve learned to just nod my head and sigh and save my adulation for the written word here.

At nearly the same price as the EQS SUV, the AMG variant of the EQE is gorgeous, and the “Patagonia Red metallic” color? A show stopper. We had zero people asking about the EQS SUV, whereas the AMG EQE had people visiting us at almost every stop to look and ask questions. Standout design additions are the small spoiler in the back, the pinstripe grille, fake air intakes in the front, and dope 21-inch AMG multispoke turbine wheels. I think a chrome-less version would be off the charts.

While smaller, there is still plenty of room for a family of four, and the trunk, it turns out, was surprisingly adequate at holding our three suitcases, bags, skateboards, and other souvenirs.

Inside, it is just as wild with a racing-inspired steering wheel with paddles with different racing options. When you turn the car on, it sounds like you are about to watch a THX movie and the permanent RGB light colors go from door to door.

This is a family vacation, so I didn’t get to test the 3.2 second 0-60 time, but my kids did get used to the “heads back” command before every green light. The fake motor sound here is louder and more noticeable… and fitting. Otherwise, even with the sports wheels and suspension, it is quiet and drives fantastically.

Those big shoes and 617 horsepower/701 lb-ft torque carry a huge range penalty dropping the range on the AMG EQE’s 90.6 kWH battery down from 305 miles of range in the standard edition down close to 225 miles (EPA not yet available) in the AMG variant according to the dashboard. I realize that might be a deal-breaker for some, but to Mercedes’ credit, their range is conservative.

Electrek’s Take

I wasn’t able to put these EVs through the performance paces and get into the intricate details like I would do on a normal review, but having the family along for the week presented its own nuanced tests. I’d argue that these were more telling for most than the normal speeds and feeds. And unsurprisingly, these two Mercedes vehicles passed with flying colors.

The big caveat is the price. Third-row eSUVs can be found at half the price (heck, Mercedes own EQB starts at $55K), and the slightly slower Tesla’s Model 3P and BMW’s i4 M50 are priced much lower and offer significantly more range than the AMG EQE.

That said, if you’ve got six figures to burn and want the best drives and overall vehicles possible, both of these electric vehicles worked incredibly well with my family of four. I now just have to talk my wife out of trading our Model Y for the EQS SUV.

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Big Oil forced to confront some tough choices as ‘monster profits’ fade into memory

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Big Oil forced to confront some tough choices as 'monster profits' fade into memory

Oil pumpjacks operate at Daqing Oilfield at sunset on November 18, 2024 in Daqing, Heilongjiang Province of China.

Vcg | Visual China Group | Getty Images

Energy supermajors are being forced to confront some tough choices in a weaker crude price environment, with generous shareholder payouts expected to come under serious pressure over the coming months.

U.S. and European oil majors, including Exxon Mobil, Chevron, Shell and BP, have moved to cut jobs and reduce costs of late, as they look to tighten their belts amid an industry downturn.

It reflects a stark change in mood from just a few years ago.

In 2022, the West’s five biggest oil companies raked in combined profits of nearly $200 billion when fossil fuel prices soared following Russia’s full-scale invasion of Ukraine.

Flush with cash, the likes of Exxon Mobil, Chevron, Shell, BP and TotalEnergies sought to use what U.N. Secretary-General António Guterres described as their “monster profits” to reward shareholders with higher dividends and share buybacks.

Indeed, the amount of cash returns as a percentage of cash flow from operations (CFFO) has climbed to as much as 50% for several energy companies in recent quarters, according to Maurizio Carulli, global energy analyst at Quilter Cheviot.

It’s better to cut buybacks than dividends: For investors, buybacks are gravy, but dividends are the meat.

Clark Williams-Derry

Energy finance analyst at IEEFA

In today’s environment of weaker crude prices, however, Carulli said this policy risks taking on new levels of debt beyond what could be considered a “healthy” balance sheet.

BP and, more recently, TotalEnergies have announced plans to take steps to reduce shareholder returns.

Quilter Cheviot’s Carulli described this as a “sensible change in direction,” noting that other oil majors will likely follow suit.

Thomas Watters, managing director and sector lead for oil and gas at S&P Global Ratings, echoed this sentiment.

Oil refinery at sunrise: an aerial view of industrial power and energy production.

Chunyip Wong | E+ | Getty Images

“Oil companies are under pressure as crude prices soften, with the potential for prices to fall into the $50 range next year as OPEC continues to release surplus capacity and global inventories build,” Watters told CNBC by email.

“Faced with the challenge of sustaining these returns in a lower-price environment, many will look to reduce costs and capital spending where they can,” he added.

Dividend cuts ‘would send shivers through Wall Street’

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Brent crude futures year-to-date.

IEEFA’s Williams-Derry linked the move to a steady weakening of the Saudi Aramco’s share price through most of this year, noting that other private oil majors will want to avoid the same fate.

Ultimately, Williams-Derry said oil majors likely have three questions to consider now that the Ukraine boom in oil prices has faded.

“Do they keep taking on new debt to fund their shareholder payouts? Do they slash buybacks, eliminating one of the major factors propping up share prices? Or do they cut back on drilling, signaling weaker production in the future?” Williams-Derry said.

“There are risks to each choice, and no matter what they choose they’re bound to make some investors unhappy,” he added.

Big Oil outlook

For some, Big Oil’s current state of play is not nearly as bad as it might have been.

“It perhaps hasn’t been as gloomy as people expected earlier in the year, because you’ve had this narrative, really since the announcement of Trump’s tariffs back in April, that the oil market was meant to go into a glut and a period of oversupply later in the year,” Peter Low, co-head of energy research at Rothschild & Co Redburn, told CNBC by video call.

“What’s actually surprised people is how resilient oil prices have been because they have stayed in that $65 to $70 a barrel range, more or less,” he added.

Oil prices have since slipped below this range.

International benchmark Brent crude futures with December expiry traded 0.4% lower at $64.97 per barrel on Friday, while U.S. West Texas Intermediate futures with November expiry dipped 0.3% to trade at $61.24.

“The question, probably less for 3Q and perhaps more for 4Q, is really to what extent distributions and buybacks in particular might need to be to cut to reflect a weaker commodity price environment,” Low said.

“I think given that 3Q was OK, they will probably wait to see what happens in the coming weeks and months and 4Q would be a more natural point for them to revisit shareholder distributions,” he added.

TotalEnergies and Britain’s Shell are both scheduled to report third-quarter earnings on Oct. 30, with Exxon Mobil and Chevron set to follow suit on Oct. 31. BP is poised to report its quarterly results on Nov. 4.

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Truckers are ready to embrace battery power TODAY – but it’s not what you think

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Truckers are ready to embrace battery power TODAY – but it's not what you think

A new whitepaper by heavy truck makers PACCAR and Dragonfly Energy that incorporates real-world fleet trial data and Environmental Chamber Testing conducted at the PACCAR Technical Center seems to indicate that over-the-road truck drivers are ready to embrace battery power and reduce emissions – just not while they’re driving.

The whitepaper, titled Reducing Idle Time & Fuel Costs: Lithium Powered Solutions for Commercial Fleets, looked at different ways to reduce harmful diesel emissions across the duty cycles of a number of different fleet operations, and what they found was that powering a truck’s auxiliary and cabin systems with a high-voltage lithium-ion battery dramatically reduced engine idle time even under worst-case operating scenarios.

Another report by a group called the Clean Air Task Force showed that idling heavy-duty diesel engines while drivers are “hoteling” in their trucks (they’re parked, but running the engine to power the sleeper cab’s climate controls, kitchens, or electronics) exacts a heavy toll on both drivers and shipping fleets.

Idling not only burns fuel and increases operating costs at 0 MPG, it also emits a dangerous cocktail of harmul pollutants that pose direct health risks to drivers, rest stop employees, and nearby communities. Diesel exhaust contains fine particulate matter (PM), nitrogen oxides (NOₓ), and numerous airborne toxins that are known carcinogens, making them a serious problem even to those who think climate change is a global conspiracy from “Big Science” to keep those plucky young oil billionaires in the place.

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From a mechanical standpoint, extended idling also accelerates engine wear, degrades emission-control systems, increases maintenance, and shortens engine life.

Battle Born semi batteries


Battle Born batteries for semi aux systems; via Dragonfly Energy.

By adding a relatively high capacity hybrid battery (like Dragonfly Energy’s Battle Born brand batteries) to the something like a PACCAR Kenworth T680 (at top), drivers can stay parked for several hours, operating their sleepers’ refrigerators, ACs, or heaters without the noise and emissions and costs of diesel – and they probably sleep better too, without the drone of neighboring diesels cranking on around them all night.

“We believe idle reduction remains one of the most immediate and cost-effective ways fleets can reduce fuel consumption and emissions while improving driver comfort. But just as important, the industry is increasingly focused on operational efficiency and maximizing asset utilization,” explains Wade Seaburg, chief commercial officer at Dragonfly Energy. “We believe our collaboration with PACCAR not only validates the performance of our LiFePO₄-powered solutions, but also highlights how they help fleets maximize uptime, extend equipment life and get more out of their assets.”

The electrification of the auxiliary systems also reduces engine hours, stretching out the time between scheduled maintenance and reducing operational downtime.

In other words, the hybridization of OTR trucks is a win-win-win. The full whitepaper is available for download at BattleBornBatteries.com/Lithium-Powered-Idle-Reduction. Take a look at it yourself, then let us know what you think of the idea in the comments.

SOURCE | IMAGES: PACCAR, Dragonfly Energy; via AP Newswire.


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Renault says a desirable $20,000 EV is coming – and it’s NOT made in China

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Renault says a desirable ,000 EV is coming – and it's NOT made in China

French car brand Renault believes they’ve got the key to more affordable EV batteries, and their new LFP tech promises to slash the costs of production by 40%. The result? New, desirable EVs with a sub-20K price tag that aren’t made in China.

Spanish news site Motorpasión is reporting that Renault, like Ford, is embracing a more affordable lithium-iron phosphate (LFP) battery chemistries that are safer, cheaper, and less dependent on rare mineral mining than conventional li-ion batteries.

That’s a big change from the recent past. Because they’re less energy dense and weigh a bit more than comparably-sized lithium-ion NMC (nickel-manganese-cobalt) batteries, European automakers looked down on LFPs. But with Chinese automakers like BYD, MG, and Leapmotor flooding Europe with affordable LFP-powered EVs, that stigma is fading fast.

Fun, affordable LFP vehicles


The stability, battery life, and cost advantages of LFP have become too compelling to ignore — especially as global lithium and nickel prices continue to fluctuate, making long-term business projections difficult. Renault’s decision to embrace LFPs then, is less about catching up on the Chinese’ technology than it is about catching up catching up on the Chinese’ economics, and acknowledging that affordability is the real barrier to mass adoption.

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That was the thinking behind Renault’s relaunch of the R5 E-TECH (sold as the Le Car in the US) and the announcement that a new Twingo would be coming soon.

It was also the thinking behind the French carmaker’s decision to launch the new Ampere vehicle software development sub-brand back in 2023. At the time, the stated goals were to improve (what are now called) Renault’s software-defined vehicles and, separately, to reduce manufacturing costs of new EVs by 40% – which, if you’ll notice, is just about what the switch to LFP chemistries will enable them to do.

“Creating a new model of company specializing in electric vehicles and software running as of today: How better to illustrate our revolution and the boldness of our teams?” asked Luca de Meo, Renault Group CEO, at Ampere’s launch. He answered his own question, saying, “Instill a sustainable corporate vision and ensure it is reflected in each and every process and product. Build on the Group’s strengths and review the way we do everything. Form a tight-knit team and work for the collective. Harness our French roots and become the leader in Europe. Assert our commitment to our customers, our planet and those living on it.”

Renault is set to launch an all-new, all-electric version of its iconic Twingo minicar from the 1990s in the next few months (at top). The car is targeted straight at the BYD Dolphin and is expected to have a starting price of about €17,000 (just under $20,000 US).

SOURCE: Motorpasión; images via Renault.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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