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There’s a lot to go over with Chevy’s Silverado EV, but what makes it really unique is the huge 200+kWh battery and the 450+ mile range that it provides. But that monster battery also has a few well disguised drawbacks, including putting the truck at a whopping 8500 lbs. Let’s dive in…

Chevy flew us out to Ann Arbor to learn about the Silverado EV work truck and then off to a local farm to see the Silverado in its native habitat, complete with country music and BBQ. There we got to tow a 10,000 lb. John Deere tractor, head out on some dirt roads, and drive the Silverado through some small towns with even smaller parking spots.

Then we got to speak to some of the experts on Chevy’s team about the nuances of this vehicle. There is a ton going on here, but by far the biggest differentiator between this vehicle and the competition is the huge battery and the subsequent 450+ miles of range. I use the ‘+’ because throughout most of the testing, I was seeing greater than 450 miles of range sometimes close to 500 miles in very normal around town usage, similar to what a fleet work truck would do in a typical day; obviously when towing, that range gets cut as much as in half. But when starting out so high, all of a sudden towing long distances becomes way less stressful.

The downside of that huge battery is the weight and size. The driving dynamics were super impressive however, even on dirt roads. Chevy recommends a surprisingly high 61 PSI on the wheels and ours were showing 63 PSIs, yet the ride was incredibly smooth. Still, however, you are schlepping around a 200kWh battery everywhere which consumes a lot of extra energy and the inertia of a 8500 lb. vehicle becomes all that much more dangerous in an accident.

Silverado EV has 50% more battery than F-150 Lightning or Rivian R1T

There’s no denying the standout feature of the Silverado Work Truck is its huge, honking 200+kWh battery. To put it into perspective, it is 50% bigger than Ford’s F-150 Lightning long range battery at 131kWh and double the under 100kWh standard range battery. That’s an extra vehicle battery on top of an F-150 Lightning battery (Chevy’s Bolt is 65kWh for instance). Rivian clocks in slightly higher at 135kWh but that’s a rounding error, and its upcoming Max battery pack still falls significantly short at 180kWh.

Ford vs Chevy vs Rivian

That incredible Silverado 450 mile range isn’t just from battery alone however. It has the same size battery as the GMC Hummer EV which has a 329 mile range.

Curiously, Chevy was super-coy about the battery size and kept saying it was different than the Hummer EVs though they did concede it as the same module and kWh spec.

How did Chevy eek out a whopping 121 miles from the same size battery?

Well first of all, the Hummer EV isn’t an exercise in efficiency. Its huge tires, gaping drag coefficient, removable roof and absurd 10,000 lb. weight make a lot of low hanging fruit when optimizing.

But Silverado also has smaller, more efficient (and one fewer) motors. So this isn’t a speed burner with a mid-5 second 0-60 but will be fine for just about anyone. When towing 10,000 lbs., however, I had an 11+ second 0-60 time which might be troublesome for getting on highways, especially uphill.

The aerodynamics aren’t just good but they made “one of the most efficient trucks ever” with a .331 drag coefficient. Rivian claims a lower flat, .3, but both are great aero trucks.

Silverado EV Work Truck also drops almost a literal ton of weight from the Hummer EV with some simplicity which also helps with cost savings. Also we saw up to 180kW of regeneration power when using the 1 pedal driving mode and even higher with a trailer attached. That adds up.

Chevy Pro Power on Board Offboard power

The power system for these EV trucks still fascinates me even if we’ve mostly “seen this before.”

Chevy basically replicated Ford’s extremely popular power station on board. It is a similar amount of power 10kW in similar places – Rear bed, Interior, charging port and Frunk (Chevy calls it the E-Trunk but even the experts, see above, were calling it a “frunk”).

Overall you get 10.2kW of power including a 30A, 7.2kW generator plug output that can manually backup your home at launch. Chevy is working on something similar to Ford’s automatic home backup through the charging port and expects to have something that will coincide with the launch of the RST at the end of this year.

For the moment, however, Chevy does have some cool charge port accessories like the 6kW charger cable that will charge another vehicle (one would assume you could also charge a vehicle using the 7.2kW generator port with an adapter). It also has some neat add-ons like charging port powerstrips with different charging options including the RV favorite NEMA TT-30 30A 110V plug.

To show its prowess, Chevy ran the two food trucks from its off board power, without breaking a sweat and barely registering on battery usage. This truck has enough power to run multiple food trucks for days while subtracting the traditional loud running, petroleum spewing power generation which isn’t a great pairing with food preparation and consumption.

Silverado EV pricing

Let’s start with the bad news: To everyone’s shock and surprise (/s), Chevy will not be selling a Silverado EV starting under $40,000 like they originally planned. I’m not sure how many of the 185,000 reservation holders were banking on that but with a few years of inflation, parts shortages, delays, etc, here we are. I do think that they will get into the $50+K range starting next year when they offer a significantly lower range model Work Truck. After incentives that will get close to $40K. Chevy says range and price will be competitive with Ford’s standard offerings which currently start at 230 miles/100kWh and $55K.

The 450-mile work truck we drove will start at $77,905 and be available to fleets in the coming weeks. That’s notably a few weeks later than Chevy’s planned “spring rollout,” but compared to the years of delays Tesla has shown on its models like Cybertruck, it is just a blip. Meanwhile the slightly smaller battery 350+ mile Work Truck will debut at the end of the year with a $72,905 price tag.

Chevy Silverado RST First Edition

Also at the end of the year, Chevy will unleash the RST First Edition for a whopping $105K which is getting pretty close to a Hummer EV lite. Here’s a quick look at the RST which features the mid-gate for increased storage and a whole lot of other options. I imagine a large percentage of our audience is here for this:

E-Trunk is a Frunk

Just like the F-150, Chevy’s Silverado has a large frunk, but again, they are giving it a name which won’t stick called the “E-trunk” (Being a first mover has its advantages). While notably smaller than the F-150 – 14 cubic feet vs. 10 – it also offers a plug in front for charging tools even while driving or idle via the app. Chevy said those wider sidebars were to house a better front suspension than Ford’s. I think for most work uses, 10 cubic feet will be enough, but for a few this might be a dealbreaker.

Silverado DC Fast charging at 350kW

On every EV drive, one of the first places I go is the DC fast charging station, even if it isn’t on the itinerary (it never is).

We were only given vehicles with over 50% charge, but I still wanted to see what kind of speed I could get out of an EA station and maybe piece together a charging curve. From 61-63% charge, it charged steady at about 208kW, which is an impressive speed until you realize it would take an hour to fill a full battery at that speed. Of course the charging will be much faster at the beginning and much slower at the end of the charge. Chevy put together this small clip on the matter:

And that’s the thing about having a huge battery like this: you can charge it at really high power, but it still takes a long time to really fill up. Chevy says at its fastest pace, you can add 100 miles in 10 minutes. Condolences if there’s only a 50kW fast charger around – that’s a 4+ hour “fast” charge to go from empty to full.

Home and work level 2 AC charging goes up to 80A here which will take over 10 hours to go from empty to full. On a more typical 40A charger, it will take 20 hours, but again that’s adding over 450 miles of range. Most fleet truck scenarios draw way less power in a day so 40A is probably sufficient to add ~300 miles in a 12 hour night.

Silverado EV Drive dynamics

Maybe the biggest surprise of the Silverado EV, besides its range, is its ability to drive like a commuter car (not that it should be used for commuting!) I was shocked at how easy it is to drive and how quick my stress levels went down to a typical car levels. The car drives smooth and is very responsive for an 8500-lb beast with 61+ PSI tires. The suspension folks at GM should be commended. It should not be this easy to drive an 8500-lb vehicle!

Turning is satisfactory, but I can’t help but think 4-wheel turning should be an option in the Work Truck like the Hummer EV. Parking was tough and it took me an extra pass or 2 to slip into the EA station and parallel parking in town wasn’t fun. However, 4 wheel steering will be offered in higher end consumer versions of this truck.

Silverado EV interior

The Work Truck interior is what you’d expect from a work vehicle. Something you could hose down after a day in the mud. Dark plastic and vinyl as far as the eye can see, but in a good way.

That doesn’t mean you can’t drive in comfort, and I found all four seats to be comfortable. Not once during the hours of driving did the driver’s seat feel uncomfortable. The sound system and front screen were fine, though nowhere as good as the RST version coming at the end of the year. Though it won’t come with a mid-gate option, the Silverado Work Truck does have ample storage under the rear seats and still sports the biggest-in-its-EV-class 5’11” long bed.

Carplay/Android Auto

One of Chevy’s most controversial recent moves was to announce the removal of the phone projection in its EVs. However the Silverado EV Work Truck, which still uses Google’s Android Car system, will allow projection of CarPlay and Android Auto, this year anyway. Interestingly its consumer facing Silverados starting next year won’t allow projection. I think this an easily correctable mistake by GM and you can tell that most at Chevy are taking a wait and see approach with the reception this decision gets.

Note: in the video above I was initially told CarPlay would be removed in a software update but it would only be “removed” in a model year update.

Electrek’s Take

For some workers who drive really long distances and have towing, cold weather, etc. requirements, this is the only electric pickup that will meet their needs. Not only did we hit 450 miles, but we often succeeded it with up to 485 miles shown in Chevy’s estimator, in my experience. Nothing else like it even comes close.

But that capability of range isn’t free. Not only does the extra weight make for a more expensive truck that also costs a bit more on $/kWh. That 8500 lbs of weight also affects the handling though I will concede that Chevy suspension engineers worked miracles here.

So I wonder how many fleets actually need 450+ miles of range or even 350+miles. Sure it is nice to have for that rare instance, but it also means you are carting around and paying for a big, unused battery around town most of the time.

Then there’s the whole, why are people driving around 8500-lb. trucks when something like a Ford Maverick size vehicle will do. And we all know that there are a ton of these that are going to be used for commuting when a third of the sized vehicle with a third of the battery will do just fine. But that argument is for another day, and this Silverado EV will take a ton of ICE pickups off the road. And we’re here for that.

The Silverado EV is a super-compelling, no compromise work truck that will meet the needs of fleets that no other EV pickup can.

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Crypto CEO accused of laundering $500 million linked to sanctioned Russian banks

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Crypto CEO accused of laundering 0 million linked to sanctioned Russian banks

Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020.

Andrew Kelly | Reuters

Federal prosecutors in Brooklyn have charged the founder of a U.S.-based cryptocurrency payments firm with operating what they allege was a sophisticated international money laundering scheme that moved over half a billion dollars on behalf of sanctioned Russian banks and other entities.

Iurii Gugnin, a 38-year-old Russian national living in Manhattan, was arrested and arraigned Monday and ordered held without bail pending trial.

Gugnin faces a 22-count indictment accusing him of wire and bank fraud, violating U.S. sanctions and export controls, money laundering, and failing to implement legally required anti-money laundering protocols.

“The defendant is charged with turning a cryptocurrency company into a covert pipeline for dirty money, moving over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end-users acquire sensitive U.S. technology,” Assistant Attorney General Eisenberg said in a statement.

Prosecutors said Gugnin used his companies — Evita Investments and Evita Pay — to process about $530 million in payments while concealing the origins and purposes of the funds. Between June 2023 and January 2025, he allegedly funneled the money through U.S. banks and cryptocurrency exchanges, primarily using tether, a widely used, dollar-pegged stablecoin.

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Clients included individuals and businesses linked to sanctioned Russian institutions such as Sberbank, VTB Bank, Sovcombank, Tinkoff, and the state-owned nuclear energy firm Rosatom.

To carry out the scheme, Gugnin allegedly misrepresented the scope of his business, falsified compliance documentation, and lied to banks and digital asset platforms about his ties to Russia. Prosecutors say he masked the source of funds through shell accounts and doctored more than 80 invoices, digitally erasing the identities of Russian counterparties.

Investigators also cite internet searches indicating he knew he was under scrutiny, including queries like “how to know if there is an investigation against you” and “money laundering penalties US.”

The Justice Department said Gugnin maintained direct ties to members of Russia’s intelligence service and officials in Iran — countries that do not extradite to the U.S.

He is also accused of helping the export of sensitive U.S. technology to Russian clients, including an anti-terrorism-controlled server.

Gugnin was profiled last fall in a Wall Street Journal article about high-net-worth renters in Manhattan, where he reportedly paid $19,000 per month for an apartment.

If convicted on bank fraud charges, he faces a statutory maximum sentence of 30 years in prison, but if convicted on all counts, Gugnin could be given a consecutive maximum sentence significantly longer than his lifetime. 

Deputy Treasury Secretary on crypto crime: Need additional tools from Congress to catch bad actors

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BYD launches the Seal 06 EV at just $15,000 as a new price war in China erupts

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BYD launches the Seal 06 EV at just ,000 as a new price war in China erupts

Despite China’s recent warning, BYD is ramping up the pressure on rivals with another ultra-affordable electric vehicle. BYD launched the Seal 06 EV, starting at just over $15,000, as the price war in China appears to be getting out of hand.

Meet the BYD Seal 06 EV

The new Seal 06 EV arrives after the China Automobile Manufacturers Association (CAMA) issued a warning last week, stating an automaker’s recent price cuts are “triggering a new round of price war panic.”

Although the statement didn’t single out BYD, it’s pretty obvious who they are referring to. BYD cut prices (again) on May 23 by up to 34% across 22 of its most popular models. Its cheapest electric car, the Seagull EV, now starts at just 55,800 yuan ($7,800).

BYD is now turning up the heat with another low-cost EV rolling out. The Seal 06 EV officially launched in China, starting at just 109,800 yuan, or about $15,300.

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It’s available in three trims with two BYD Blade LFP battery pack options: 46.08 kWh or 56.64 kWh, providing a CLTC range of 470 km (292 miles) and 545 km (339 miles).

The electric sedan measures 4,720 mm in length, 1,880 mm in width, and 1,495 mm in height, approximately the same size as the Tesla Model 3 (4,720 mm in length, 1,850 mm in width, and 1,443 mm in height).

Like most new BYD vehicles we’ve seen, the new Seal 06 EV is equipped with its God’s Eye ADAS and DiPilot 100 smart cockpit system. However, unlike some of the more premium models, the Seal 06 uses a camera system rather than LiDAR.

The new EV joins BYD’s Seal lineup of vehicles, which includes the hybrid Seal 06 DM-i and the popular electric Seal sedan models.

Inside features a similar setup to BYD’s other new vehicles with a 15.6″ rotating center infotainment and a smaller driver display screen.

Although the Seal 06 EV starts at 109,800 yuan ($15,300), BYD promises “with over 33 hard-core standard features, the entry-level version is high-end.”

It features a few added amenities not typically found in entry-level cars, including heated and ventilated front seats, a panoramic sunroof, ambient lighting, and a surround sound stereo system. It even has a built-in refrigerator that can heat and cool.

Will it compete with Tesla’s Model 3 in the Chinese market? Although it features less range, the Seal 06 EV is half the cost. The base Model 3 RWD starts at 235,500 yuan ($32,800) in China with a CLTC range of 634 km (394 miles). Which one would you buy? Let us know in the comments.

After slashing prices again last month, another low-cost, but well-equipped BYD EV is arriving in China. Will the Seal 06 EV pressure others, like Tesla, to follow suit? We will find out shortly.

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US solar just had a record-breaking Q1 but the GOP bill could wreck it

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US solar just had a record-breaking Q1 but the GOP bill could wreck it

The US solar industry is still booming, but looming policy threats could pull the plug on that momentum.

According to the new US Solar Market Insight report from SEIA and Wood Mackenzie, the industry installed 10.8 gigawatts (GW) of new electricity-generating solar in Q1 2025, with solar and storage making up a whopping 82% of all new capacity added to the grid.

And US solar manufacturing is also on a roll: The first quarter saw 8.6 GW of new module manufacturing capacity come online, the third-largest quarterly increase on record.

That growth came from eight new or expanded factories in Texas, Ohio, and Arizona. Meanwhile, US solar cell production doubled to 2 GW, thanks to a new factory in South Carolina.

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But the industry’s rapid expansion is under threat. New tariffs and the “Big, Beautiful Bill” passed by the House that would gut clean energy tax incentives are injecting serious uncertainty into the market. SEIA warns that if the Senate doesn’t act to fix the legislation, the consequences will be severe: factory closures, energy shortages, job losses, and higher electricity bills.

“Solar and storage continue to dominate America’s energy economy, adding more new capacity to the grid than any technology using increasingly American-made equipment,” said SEIA president and CEO Abigail Ross Hopper. “But our success is at risk.”

According to SEIA, if Congress doesn’t change course, 330,000 jobs could disappear, along with 331 planned or operating factories and $286 billion in local investment. Americans could also see $51 billion in higher power bills.

Tariff uncertainty is already rattling the industry. Anti-dumping and countervailing duties (AD/CVD) on Southeast Asian solar cells and modules, plus other tariff shifts, are adding to the instability. Meanwhile, proposed changes to clean energy tax credits would undercut long-term planning for manufacturers and developers alike.

“The 10.8 GW of solar capacity installed in Q1 2025 represents a significant portion of new US electricity generation,” said Zoë Gaston, principal analyst at Wood Mackenzie. “However, our analysis suggests that the US solar market has yet to reach its full potential.”

And it’s not just analysts raising red flags. SEIA and Wood Mackenzie have downgraded their five-year outlook for every solar segment except community solar. Residential solar is expected to drop 14% compared to previous projections, and utility-scale solar is down 6%. If the clean energy tax credits are rolled back, that outlook could fall even further.

One major point of tension is politics. Texas led the nation in new solar capacity in Q1 2025, and Florida overtook California to land in second place. Eight of the top 10 states for solar installations in the quarter voted for Donald Trump in 2024.

That means the places most at risk if the House bill isn’t fixed are represented by Republicans.

SEIA says that if clean energy tax incentives are gutted, US energy production will drop by 173 terawatt-hours (TWh), and the country will not be able to compete with China in the global race to power AI.

The bottom line: The US solar industry is scaling up fast, but policy missteps could slam on the brakes just when momentum is peaking.

Read more: Trump’s ‘Big, Beautiful’ bill will cause a US energy shortage – SEIA


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