There are plenty of low-cost electric bikes out there, but the lowest-priced options can sometimes be more trouble than they’re worth. Two main sub-$1,000 folding electric bikes have risen to the top of the bang-for-your-buck list, the Lectric XP 3.0 and the Ride1Up Portola.
So which one is right for you?
Lectric XP 3.0 Vs Ride1Up Portola – How did we get here?
The Lectric XP 3.0, as the name suggests, is the third iteration of what has become the best-selling electric bike in North America. The $999 e-bike may not be a masterclass in sexy design, but it sure does manage to jam-pack performance into a low-cost ride. And with a large headquarters in Phoenix, AZ, Lectric Ebikes has proven that a strong support team is just as important as a low price tag.
Ride1Up, another leader in value-oriented electric bikes, got its start shortly before Lectric Ebikes with a wide range of commuter-focused models. The company has recently expanded into new bike styles but is a relative newcomer to the folding e-bike space after launching the Ride1Up Portola earlier this week. The Portola is widely seen as an attempt by Ride1Up to target that lucrative folding fat-tire e-bike slice of of the mobility pie that Lectric has dominating for years.
The two bikes are actually quite similar, so let’s dive in and see how we can differentiate them.
The Ride1Up Portola recently debuted with an MSRP of $995, which makes the difference in price largely meaningless unless you were really hoping to spend your last four dollars on some cool beads for your bicycles spokes.
As part of this week’s launch though, the Ride1Up Portola is actually on sale for $895 though, meaning you’ll save an extra $100 if you decide to buy one by… today. For anyone reading this in the future, we’re probably back to that four-dollar price difference.
Lectric XP 3.0 (step-over frame variant)
Speed and power
Both the Lectric XP 3.0 and the Ride1Up Portola ship as Class 2 electric bikes, meaning they’ll hit 20 mph (32 km/h) out of the box on throttle-only acceleration. They can also both be unlocked via the bike’s display to Class 3 speed, meaning you can use pedal assist to reach a maximum of 28 mph (45 km/h).
The power levels are slightly different though. Lectric claims a 500W continuous power motor with 1,000W of peak power and 55 Nm of torque. The Portola gets a more powerful 750W continuous power motor and 65 Nm of torque (the peak power spec isn’t published).
That means that all else being equal, the Portola is likely to accelerate a bit more quickly and climb hills faster, even if the flat ground top speeds of the two bikes are largely similar. Those that live in hillier areas are more likely to feel that difference, while those that live in flatter areas won’t feel the contrast as significantly.
Ride1Up Portola in “Sea Turqouise” colorway
Battery capacity and range
Advertised range is a highly suspect figure in the e-bike world because it can be affected by everything from tire to pressure to terrain to how much you ate for lunch. The exact same e-bike can get 20 miles or 50 miles of range when switching from power-sipping pedal assist to feet-dragging throttle. That means the best way to compare two similarly sized and relatively similarly powerful bikes is by the battery capacity.
The base battery on the Lectric XP 3.0 and Ride1Up Portola are actually the same capacity. Both are rated at 48V 10.4Ah for 500 Wh of capacity.
Both bikes also come with a larger battery option though, with the Lectric’s measuring in at 48V 14Ah for 672 Wh of capacity and the Ride1Up Portola’s packing slightly less at 48V 13.4Ah for 643 Wh of capacity. Those are quite close, but Lectric takes the cake there.
Consider though that the long-range battery option is only a $100 upgrade from Ride1Up but costs an extra $200 at Lectric, so the slightly smaller battery is technically also slightly more cost effective.
Lectric XP 3.0 (with rear passenger package installed)
Bike components
When it comes to the drivetrain and other bike components, there are several similarities but also a number of key differences.
Both bikes feature hydraulic disc brakes on 180 mm disc rotors. They both feature 20″ x 3″ tires as a nice compromise between comfort and agility. They both feature front and rear LED lights. They both feature simplistic black-and-white LCD displays.
From here, thing start to differ. While both bikes have frame-integrated rear racks, Lectric’s comes with a higher weight rating of 150 pounds vs. the lower weight rating of 130 pounds for the Portola. On the other hand, both bikes have front suspension, but the Portola has 80 mm of travel while the Lectric XP 3.0 has just 50 mm of travel.
The Portola has slightly nicer fenders with adjustable arms for getting the perfect tire spacing (though I tend to just grab the Lectric’s arms and pull on them to bend them and adjust my spacing that way). The Portola also has an 8-speed drivetrain compared to Lectric’s 7-speed, and it powers a slightly higher-quality Shimano Altus derailleur compared to Lectric’s cheaper Tourney derailleur.
Speaking of component quality, this is probably a good time to point out that Ride1Up’s Reention FR-5 battery is also considered to be higher quality than Lectric’s more affordable DCH-006 battery. Neither come with UL-certification at the moment, but both companies are expected to such certification at some point in the future.
Both bikes appear to use current-controlled pedal assist systems (PAS), which is a more refined way to implement a cadence sensor and get faux-torque sensor performance. However, the Ride1Up Portola seems to have a finer degree of adjustability built into the PAS sensor to achieve more precise starts with less lag, down to as little as 10% of a pedal turn. There are also individually programmable PAS levels so riders can fine-tune their PAS to their liking.
Ride1Up Portola
Ride1Up Portola vs. Lectric XP 3.0: Convenience
Convenience is very much subjective, but there are a few important differences between these two bikes that play a big role in convenience.
For starters, the Ride1Up Portola has a battery that is removable without folding the bike, while the XP 3.0 requires the bike to be folded while the battery is removed. When it comes time for folding and lifting, the 59 lb. Portola is slightly lighter than the 64 lb. XP 3.0.
For everyday use, the Portola thus is likely slightly more convenient, though the XP 3.0 wins on the first day due to its easier assembly right out of the box. In fact, there’s no assembly required since the Lectric XP 3.0 only needs to be taken out of the box and unfolded to be ready to ride. The Portola arrives “95% assembled,” which basically means just bolting on the handlebars. That’s relatively easy (and there’s an instructional video), but it might still be intimidating to someone who has never worked on a bike before, and it is important that it is done correctly so the bike is safe to steer and ride.
Design
Design and aesthetics can be subjective, so this section will be partly based on opinion.
Personally, I find the Ride1Up’s frame design to be sleeker and more attractive than the XP 3.0’s boxier-style frame. I also like the wider range of color choices from Ride1Up.
Lectric gives riders the choice of either a step-over or step-thru frame, while the Portola is available in only a step-thru frame. They both have a nice grab handle in the middle of the frame for lifting, so they both get points there.
The wires are run externally on the XP 3.0, which can be a positive for accessibility in the event of repairs or upgrade work, but also doesn’t look as nice as the internally routed hidden wires on the Portola.
The chrome suspension stanchions and silver fender arms on the XP 3.0 will appeal to anyone who prefers a flashier look, while the Portola’s blacked-out stanchions and fender arms offer a more muted look that blends into the bike.
Accessory lineup
The Lectric XP 3.0 is the clear winner when it comes to the breadth of the accessories offered.
Both bikes come with similar main accessories, such as passenger packages that add a rear bench seat with foot pegs, comfort packages with nicer saddles, cargo rack and basket options, phone mounts, and panniers for carrying groceries. But Lectric has many more additional options available, likely due to holding a several-year head start in the folding fat-tire e-bike space.
Lectric also has more niche offerings such as utility trailers, pet carriers, food delivery bags, and more.
What’s the verdict?
Ultimately, both of these are very nice options with incredible bang-for-your-buck value in the sub-$1,000 space.
I’d consider the Ride1Up Portola to be slightly more refined and with slightly better components, but I can’t count out the Lectric XP 3.0’s larger battery option and fully-assembled shipping, not to mention years’ worth of customer documentation for mods, upgrades, and other content already available in online communities. As a new model, it will take the Portola time to rack up that level of online documentation from a broad rider base.
Ultimately though, both models are strikingly similar in terms of actual specs and real-world performance. So the best decision is likely to go with the one that simply tickles your fancy more.
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Tesla has launched a new software update for its vehicles that includes the anticipated integration of Grok, but it doesnt even interface with the car yet.
Today, Tesla started pushing the update to the fleet, but there’s a significant caveat.
The automaker wrote in the release notes (2025.26):
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Grok (Beta) (US, AMD)
Grok now available directly in your Tesla
Requires Premium Connectivity or a WiFi connection
Grok is currently in Beta & does not issue commands to your car – existing voice commands remain unchanged.
First off, it is only available in vehicles in the US equipped with the AMD infotainment computer, which means cars produced since mid-2021.
But more importantly, Tesla says that it doesn’t send commands to the car under the current version. Therefore, it is simply like having Grok on your phone, but on the onboard computer instead.
Tesla showed an example:
There are a few other features in the 2025.26 software update, but they are not major.
For Tesla vehicles equipped with ambient lighting strips inside the car, the light strip can now sync to music:
Accent lights now respond to music & you can also choose to match the lights to the album’s color for a more immersive effect
Toybox > Light Sync
Here’s the new setting:
The audio setting can now be saved under multiple presets to match listening preferences for different people or circumstances:
The software update also includes the capacity to zoom or adjust the playback speed of the Dashcam Viewer.
Cybertruck also gets the updated Dashcam Viewer app with a grid view for easier access and review of recordings:
Tesla also updated the charging info in its navigation system to be able to search which locations require valet service or pay-to-park access.
Upon arrival, drivers will receive a notification with access codes, parking restrictions, level or floor information, and restroom availability:
Finally, there’s a new onboarding guide directly on the center display to help people who are experiencing a Tesla vehicle for the first time.
Electrek’s Take
Tesla is really playing catch-up here. Right now, this update is essentially nothing. If you already have Grok, it’s no more different than having it on your phone or through the vehicle’s browser, since it has no capacity to interact with any function inside the vehicle.
Most other automakers are integrating LLMs inside vehicles with the capacity to interact with the vehicle. In China, this is becoming standard even in entry-level cars.
In the Xiaomi YU7, the vehicle’s AI can not only interact with the car, but it also sees what the car sees through its camera, and it can tell you about what it sees:
Tesla is clearly far behind on that front as many automakers are integrating with other LLMs like ChatGPT and in-house LLMs, like Xiaomi’s.
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Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.
Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.
The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.
For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.
Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.
Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.
“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.
The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.
Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.
“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.
Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.
Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.
Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.
It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.
Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.
With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.
Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.
The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.
An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.
OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.
“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.
“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.
The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.
“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”
Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.
“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”
SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.
Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.
The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.
Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?
Hyundai and Kia shift to lower-priced EVs
Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.
In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.
The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.
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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)
The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.
Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.
Kia Concept EV2 (Source: Kia)
More affordable electric cars are on the way
Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.
The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.
Kia EV3 (Source: Kia)
Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.
Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)
According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.
Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”
2025 Hyundai IONIQ 5 (Source: Hyundai)
Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.
After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.
While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.
Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.
Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.
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