Hertz is culling its portfolio of EVs in response to the sharp depreciation affecting some of its most popular models, including the Tesla Model 3. In what appears to be an aggressive effort to offload these vehicles, the rental giant has begun reaching out directly to customers currently renting them, offering an opportunity to purchase the cars outright on the spot.

While we haven’t been able to find an announcement from Hertz directly regarding the scheme, a Reddit user recently shared a screenshot of an email they received from Hertz while renting a 2023 Tesla Model 3. In the email, Hertz offered the renter the chance to buy the EV for just $17,913.

Read: Hertz Offers Teslas For Under $20K, But You Probably Shouldn’t Jump On It

The renter says the Model 3 they rented had less than 30,000 miles (~48,000 km) on the clock, and having the opportunity to buy it at that price sounds like a steal. Last month, we published a story about many of Hertz’s Tesla Model 3s being sold, but none of them were this cheap. A look through Hertz’s current inventory shows it has three 2022 Model 3s available for less than $20,000. However, they all have over 130,000 miles (~209,000 km) on the clocks.

The Redditor hasn’t said if they jumped on the offer to buy the relatively low-mileage Model 3 for just $17,913, but if Hertz has promoted similar offers to other renters, we suspect they’ll be plenty that consider deals like this too good to pass up.

Of course, buying an ex-rental car comes with inherent risks, as it’s almost guaranteed that these vehicles have been driven hard. It’s also worth noting that the Tesla’s battery is warranted for 8 years or 100,000 miles (whichever comes first) for RWD models. Purchasing a vehicle still within this warranty period is highly advisable, as battery replacements are among the most expensive repairs EV owners can face.

Another user from the same subreddit says they recently rented a Polestar (presumably a Polestar 2) and were sent a similar email, offering them the chance to buy it for $28,500. While we don’t know how many miles it had on the clock, that offer doesn’t seem like such a good deal. A browse through Auto Trader reveals dozens of Polestar 2s available across the US for less than $25,000, many of which have less than 20,000 miles on the clock, making the Hertz offer seem far less competitive by comparison.

Nissan is in a spot of bother at the moment. Not only does it plan to cut jobs and delay the launch of several new models, but it also plans to merge with Japanese rival Honda to stay afloat. That’s a shame because Nissan has some solid models in its lineup, including the all-electric Ariya, which has just been confirmed for the 2025 model year.

Earlier this year, Nissan USA slashed starting prices for the 2024 Ariya by as much as $6,000. For 2025, it has slightly increased prices but the electric SUV remains significantly cheaper than it was in 2023. The automaker has also reduced the number of variants available in an effort to streamline the model range.

Read: Your Questions About The Nissan Ariya EV Answered

Still sitting at the entry point of the Ariya range is the Engage FWD. The cheapest Ariya started at $39,590 for 2024, but this year that price has been adjusted to $39,770. It’s available with the entry-level battery pack with a nominal capacity of 66 kWh and a usable capacity of 63 kWh. Interestingly, Nissan is now marketing the battery as a 66 kWh unit despite previously referring to it as a 63 kWh pack.

An all-wheel-drive version of the Engage is also offered, priced at $43,770 compared to $43,590 for the previous 2024 model. Nissan ditched the Venture+ FWD from earlier this year, which served as the base model with the larger 91 kWh (nominal / 87 kWh useable) battery pack. Whereas it had started at $41,190, now the most affordable 91 kWh model is the Evolve+ FWD, priced at $44,370. Sitting above are the Engage+ e-4ORCE ($45,370), the Evolve+ e-4ORCE ($48,370), and the Platinum+ e-4ORCE ($54,370).

2025 Nissan Ariya

No significant upgrades have been made to the 2025 model, although all models now receive wireless phone charging. Nissan Ariya owners can also now access 17,800 Tesla Superchargers across the US. Those who want to use the network must pay $235 for a North American Charging Standard (NACS) adapter kit. From next year, the Ariya will be built with an NACS plug, eliminating the need for this adapter.

Remember when Hyundai was just that “nice but boring” carmaker your parents trusted for reliable grocery getters? Well, those days are officially dead and buried, now being quietly mocked in a corner by the Ioniq 5 N, a 601-horsepower slap in the face to the idea that electric cars are all glorified appliances. This EV doesn’t just exist; it barges into the room, shotgun in hand, and demands your attention.

It’s not just that the Ioniq 5 N is fast—although it’s stupid fast—it’s that it manages to cram a level of driving engagement into its hefty, practical frame that feels borderline illegal. On paper, it’s the kind of car that seems destined to make you question your loyalty to internal combustion. But promises on paper don’t always hold up in the real world, so we spent a week living with this modern muscle EV to find out if it’s truly the game-changer Hyundai claims, or just a flash in the pan with a fading battery.

QUICK FACTS

Photos Brad Anderson/Carscoops

We first drove the car during its Australian launch in February on several twisty roads and a racetrack and were blown away. However, it’s difficult to thoroughly test a car for just a few hours on the road and on a track. You have to actually live with it to understand it and accurately determine what’s good and what’s not so good about it. As such, we recently spent a week with the Ioniq 5 N to see how it deals with the rigors of everyday life and to discover if it is indeed the game-changing EV we thought it was after our initial test.

What makes it special?

The Ioniq 5 N is unlike anything else Hyundai’s N division has built before it. Prior to this car’s launch, N had only ever made hot hatches/sedans and a hotted-up version of the Kona crossover. All of its other cars produce between 201 hp and around 280 hp. So when it was revealed the company was launching a car with horsepower and performance to rival a Porsche Taycan, the world took notice.

More: 2025 Hyundai Ioniq 5 N Launched In Korea With Enhanced Drift Function And More Standard Kit

A key reason why the Ioniq 5 N is special is its powertrain. An 84 kWh battery pack is found beneath the skin and mated to two electric motors. A front-mounted motor delivers 235 hp (175 kW) and 370 Nm (273 lb-ft) of torque, while located at the rear is a punchier motor with 406 hp (303 kW) and 400 Nm (295 lb-ft). All up, the EV churns out 601 hp (448 kW). An extra 40 hp is unlocked when using the N Grin Boost function for 10-second bursts.

When jumping back behind the wheel of the car for the first time in more than 6 months, the immediacy and sheer power of the thing reminded me of just how exhilarating driving a high-powered electric car can be. If you’ve never experienced this feeling, do yourself a favor and try to arrange a test drive of a fast EV. Launching off the line in a car like this Hyundai feels akin to being on the world’s quickest rollercoaster, slamming your head back into the seat and making your face feel like Jell-O.

The carmaker says the Ioniq 5 N can hit 62 mph (100 km/h) in just 3.4 seconds, but we managed to record a best time of 3.1 seconds. That’s the same time we set with an Audi RS e-tron GT a few months ago and exemplifies the league of performance cars that the Ioniq 5 N can compete with.

Limited range but quick charging

Of course, performing successive launches in the 5 N quickly depletes the battery pack. Hyundai’s official claim is that the car can travel up to 448 km (278 miles) on a charge, but that’s almost impossible to achieve in the real world. Based on our experience, owners who drive their vehicles in urban environments, through city streets, and along highways, may get around 350 km (217 miles) if they’re having a little bit of fun on the way and tapping into the EV’s performance.

Photos Brad Anderson/Carscoops

While such a range figure isn’t terrible, it’s also not great. After all, the Ioniq 5 N is not a lightweight, two-door sports car that owners may use a few times a month. It is a big, practical family car that should be able to do everything a family car can, including long road trips, something it struggles with in Australia given the country’s woeful network of EV chargers. The limited range won’t be such a big deal in other markets, where 350 kW DC fast chargers are more readily available. Plugged in, it can be charged from 10-80% in just 18 minutes.

More: Hyundai Ioniq 5 N Is An Unlikely Rival To Audi’s RS7 Performance

During our time with the Ioniq 5 N, we were able to find a 350 kW charger and plugged it in for 25 minutes. In that time, the charger delivered 57.61 kWh of energy, which is about 68% of the pack’s total capacity. Charging speeds peaked at just shy of 240 kW, making this one of the quickest-charging EVs out there.

Superb handling, lots of modes to choose from

One of the most impressive things about the Ioniq 5 N is its handling. Despite weighing 2,230 kg (4,916 lbs), it hides its weight very well and loves nothing more than being hustled up a mountain road. The grip is absolutely tremendous and it’s very difficult to unsettle the car no matter how bad the road surface may be, a testament to the engineers who tuned the suspension.

Photos Brad Anderson/Carscoops

However, like other Hyundai N products, the adjustable suspension is best left in Normal mode as the Sport and Sport+ settings are too firm for the road. Similarly, the steering’s Normal mode is best and becomes too heavy in other modes. Some of the Ioniq 5 N’s dizzying array of driving modes and features are largely useless on the street. These include things like the N Drift Optimizer, N Torque Distribution that allows you to adjust the front and rear power bias, N Pedal, which maximizes brake regeneration, and N race modes.

Excluding these modes, there’s still plenty to play with. One of the Ioniq 5 N’s most recognizable features is N Active Sound+, which offers three different sound profiles. The first – and most interesting – is Ignition that aims to mimic the sound of Hyundai N’s combustion models. It does a good job of recreating the sound of an engine but does sound a little too much like you’re gaming on a PlayStation. One mode that’s hard to critique is N e-Shift, as it does a brilliant job of imitating an eight-speed dual-clutch.

One of the best things about all these modes is that they can easily be switched off, making the Ioniq 5 N feel quite docile and perfect for cruising around town. While the ride is firm even in its softest setting, the car feels right at home on suburban streets and is just as good at fetching groceries as it is embarrassing supercars from the traffic lights.

Hyundai has also equipped the Ioniq 5 N with Highway Driving Assist 2. This system includes adaptive cruise control with stop-and-go and lane-centering assistance like previous iterations of the tech suite but adds highway lane change assist. If you’re on a multi-lane highway with well-marked lines, all you have to do is flick on the turn signal, and the car will automatically change lanes for you. The system works well, although its usefulness is up for debate.

The tires don’t last

One of the key advantages of EVs is that they generally require less mechanical upkeep than combustion-powered cars. While that will probably also hold true for the Ioniq 5 N, this thing will chew through tires like you wouldn’t believe.

More: Hyundai Ioniq 5 N Sets New EV Records At Pikes Peak

As standard, it comes standard with specially-developed Pirelli P-Zero Corsa tires measuring 275/35 ZR21 at all four corners. These tires provide monumental levels of grip but have an almost unbelievably low treadwear rating of just 80. By comparison, typical Michelin Pilot Sport 4S tires have a treadwear rating of 300, and even competition-spec semi-slicks like the Toyo R888R have a 100 treadwear rating. It’s hardly a surprise then that our test car, with less than 7,000 km (~4,300 miles) on the odometer, only had about 1 mm of tread left.

Photos Brad Anderson/Carscoops

A spacious cabin, but with lots of hard plastics

The cabin of the Ioniq 5 N is good, just like the regular model. It’s a little bit of a shame Hyundai has ditched the sliding center console of the standard car in favor of a fixed unit and the fact the seats are manually-adjustable at this price point feels a little cheap. On the flip side, the front seats themselves are very comfortable over long journeys and also hold you in position well.

The 3,000 mm (118-inch) wheelbase means rear passengers have plenty of legroom, and a tilt function for the backrests is a nice feature. With a flat floor, it’s also possible to ferry three adults in the rear in relative comfort. Rear cargo space is only okay at 480 liters (16.9 cubic-feet) and is 80 liters (2.8 cubic-feet) less than the standard Ioniq 5. There’s also no frunk, as the N’s sound generator is located up front. There’s also too much hard, black, scratchy plastic found throughout. It’s fine on a regular car but isn’t so nice when you’re spending AU$120,000 (~$76,800).

Verdict

As is often the case, living with the Ioniq 5 N revealed a few minor foibles that we didn’t notice when first testing the car. Despite these imperfections, though, it’s still an absolute animal that provides great driving thrills, proving that EVs don’t have to be boring.

As a technical exercise, it’s remarkable and will likely remain the driver-focused EV benchmark in its segment until someone comes up with something even better. But we wouldn’t buy one. We’d rather get an i30 N Sedan and pocket the extra AU$60,000 (~$38,400).

Photo Credits: Brad Anderson/Carscoops

While Brabus is best known as a premier aftermarket Mercedes-Benz tuner, it has also maintained a 50:50 joint venture with Daimler since 2001, channeling its expertise into customizing models from the Smart family. Brabus, the same brand responsible for turning AMG monsters into even bigger monsters, has now turned its attention to the Smart #3 that benefits from a raft of modifications.

It goes squarely against the class-leading Tesla Model Y Performance, but also rivals slightly more premium offerings like the BMW iX3 and Genesis GV60 Performance. It’s just landed in Australia and is being sold online and through Mercedes-Benz dealerships nationwide. Does it have the goods to be a serious player in this segment?

QUICK FACTS

Photos Brad Anderson/Carscoops

Competitive Pricing

On price, the #3 Brabus is a compelling option, something I’d never thought I’d say for a vehicle that’s half German. This flagship model starts at AU$70,900 (~$45,200), making it quite a bit pricier than the entry-level Smart #3 starting at AU$57,900 (~$36,900), and the mid-range Smart #3 Premium, which kicks off at AU$61,900 (~$39,500). However, when you look at the competition, the Brabus starts to make a lot of sense.

Locally, a Tesla Model Y Performance starts at AU$84,700 (~$54,000), and while it has a little bit more power, it’s not as quick as the Brabus. Other alternatives are significantly more expensive, including the entry-level BMW iX3 (AU$89,100 / $36,900) and the much more premium Genesis GV60 Performance, which starts at around AU$110,000 (~$70,000). A compelling alternative to the Brabus #3 that will launch shortly is the mechanically-related Zeekr X.

Both the Smart #3 and Zeekr share the same platform, as does the Volvo EX30, and the equivalent flagship X AWD will start at AU$64,900 (~$41,400). For now, however, the Brabus is hard to beat in terms of price and performance.

Photos Brad Anderson/Carscoops

Smart Nailed The Quality

Smart has done a fine job of making the #3’s interior feel fitting of the price tag. It’s a lot more interesting than the bland cabin of the Model Y and is mostly covered in nice materials. Admittedly, there’s a little too much hard black plastic on the door panels, but the rest of the interior does have a German and premium feel to it.

Immediately catching the eye is the layout of the #3. The trio of circular air vents in the center of the dashboard are classic Mercedes-Benz and the central spine running from the dash to the center console is finished in plastic with a silver finish, aiming to imitate metal. It does a pretty good job, and hidden behind a flap under the air vents is a wireless phone charger and two USB ports. The cup holders are also hidden beneath a sliding cover.

Standing out is a 12.8-inch tablet-like infotainment system. It takes after Tesla and many Chinese cars, adopting an operating system more reminiscent of a smartphone than a normal car system. That means it’s filled with an array of different menus, display screens, and seemingly endless settings. I didn’t like it when I first got in, but after two days or so, I was won over. Less tech-savvy buyers may have a harder time, however.

Photos Brad Anderson/Carscoops

The main display screen consists of a handful of widgets, including one shaped like the Earth for navigation, a media screen, details about driving consumption, weather, and your current driving mode. Scroll over, and you’re taken to an apps screen. Important vehicle settings are then accessed by pressing the vehicle button on the bottom right of the screen, while a strip of handy shortcuts house all the climate control settings.

Read: Smart #3 Brabus Gains Extra Dose Of Brabusness

Positioned below the screen are six shortcut buttons, although they don’t provide haptic feedback, which is a shame. The most important is positioned on the far left and includes quick settings to the lane assist, auto hold, electric parking brake, rear foglight, hill descent control, traction control, and a setting for the one-pedal driving mode, known as s-Pedal. You can also choose between three other regenerative braking settings and enable the ‘Rocket Launch’ control system on this screen. A separate shortcut is used to toggle between the driving modes. Both wireless Android Auto and Apple CarPlay are standard.

A Spacious And Well-Equipped Cabin

Positioned in front of the driver is a three-spoke steering wheel with metal spokes and bathed in black leather and Alcantara. There’s also a narrow instrument display that shows important information like your speed, range, and multimedia. It’s not as good as a full instrument cluster, but it’s better than nothing (like in a Tesla). A large head-up display is also a nice feature you won’t find in a Model Y.

The front seats are electrically adjustable, offer plenty of adjustment, and have heated and cooled functions. They also have quite an intriguing shape and are wrapped in plush leather and Alcantara. As for the second row, legroom is good even for taller passengers. The headroom is adequate but not as good as a Model Y, although that’s hardly a surprise given the car’s slightly lower roofline. Other nice touches include metal speaker grilles and door handles – not something you’ll always find at this price point.

Photos Brad Anderson/Carscoops

Other welcome features of the cabin include a decent 640-watt Beats audio system and a 360-degree camera. A highly configurable ambient lighting system, very similar to those of current Mercedes-Benz models, is also standard.

All Brabus #3 models also have a massive panoramic glass roof as standard. Unfortunately, Smart has taken a leaf from the Tesla playbook and has not provided a sunshade for this glass panel. While it’s well-tinted, heat still gets in, and it doesn’t completely block out the sun, which is annoying on hot summer days.

All of the climate control settings are housed within the screen. While they’re easy to access, the icons you have to press are a little too small, making it annoying while on the move. Settings for the seat heating and cooling are miniature.

Storage is adequate with a 370-liter (13 cubic-foot) boot or 1,160 liters (40.9 cubic-feet) with the rear seats folded down. There’s also a hidden cubby at the back for charging cables and a 15-liter (0.5 cubic-foot) frunk.

Photos Brad Anderson/Carscoops

Great Performance, But Could Do With Stickier Tires

The Brabus #3 is a good drive but does have some peculiarities. All #3 models feature a 66 kWh lithium nickel cobalt manganese battery pack under the floor that drives a pair of electric motors. All up, the EV delivers a punchy 422 hp (315 kW) and 543 Nm (400 lb-ft) of torque, allowing it to hit 100 km/h (62 mph) in 3.7 seconds (the same as a Model Y Performance), according to Smart. We recorded a best time of 3.59 seconds with a GPS timer and the ‘Rocket Launch’ setting enabled.

In typical EV fashion, it fires off the line with impressive pace, having no struggle putting all of its power to the ground. When seeking the best performance, it’s a good idea to select either the Sport or Brabus driving modes, as they sharpen up the throttle response and unleash all the power. Eco and Comfort modes are also offered, which are better suited to everyday driving.

The steering feel is next to non-existent, although it does tighten up in the sportier of the four steering settings. Even still, it can be a little tough to feel what the front tires are up to. Speaking of the tires, they’re Continental EcoContact 6Qs at all four corners, measuring 245/40 R20. While they are quiet, they have been designed for economical driving and aren’t all that well-suited to the Brabus. Push the SUV hard into a corner, and the tires will start to slip and screech quite quickly. We’d prefer some slightly stickier tires to come standard.

The ride is good. Plenty of EVs are too stiff, but the #3 is comfortable and plush. It’s not quite as soft as a Model Y, however.

Lots Of ADAS – And A Few Foibles

Four different levels of regenerative braking are available, including a one-pedal mode known as s-Pedal. During my week with the Brabus, I predominantly drove it in s-Pedal mode, and it works just as advertised. If driven with the brake regen in the low, medium, or high settings, the feel through the brake pedal can be a little inconsistent. It seems like the car will subtly and quickly grab the brakes, then release them, and then grab them again, repeatedly, even if you keep consistent pressure on the pedal. It’s hard to pick, and most drivers probably won’t even notice, but it suggests some additional fine-tuning is needed to smooth out the transition from the brake regen to the friction brakes.

We also experienced a couple of small electronic issues. The car repeatedly displayed a warning saying the driver monitoring system was blocked, even though it wasn’t. Additionally, the one-pedal driving mode would sometimes work seamlessly in the Sport and Brabus driving models, while other times, it wouldn’t slow the EV to a stop. There’s also an annoying chime whenever you exceed the speed limit, and it has to be disabled each time you drive.

Plenty of driver-assistance systems come standard, including adaptive cruise control and self-steering on highways. This system performed flawlessly on the highway during our week with the EV. During everyday driving, the lane-keeping assistant can be a little over-eager to provide steering corrections but can be easily disabled with two presses of the screen.

Verdict

Overall, I was pleasantly surprised with the driving experience offered by the Brabus #3. It’s just as quick as some more expensive rivals, is smooth and quiet on the daily grind, and looks very stylish.

A downside of the small 66 kWh pack is the limited range. Smart says it’ll do 415 km (258 miles) on a charge, but a figure of around 350-370 km (217-230 miles) is more accurate if driven sedately. We averaged 19.2 kWh/100 km during our time with it. If it had a bigger battery pack, nearer the 80 kWh mark to boost the range to 450 km – 500 km (280 – 311 miles), the Smart #3 Brabus might be the best option in this segment. As it stands, it’s an excellent buy for the money – just make sure you have a home charger.

Photos Brad Anderson/Carscoops

Jaguar Land Rover has instructed almost three dozen I-Pace owners in the US to avoid parking their EVs near structures and to limit charging to 80% because incorrectly repaired examples are at risk of catching fire.

This recall follows on from an earlier one impacting 2019 Jaguar I-Pace models. The brand says 34 vehicles in the US have not had software updates correctly installed and have a safety defect that can cause the EVs to catch fire. Impacted models were assembled between February 18, 2018, and March 11, 2019.

Read: Jaguar Is Buying Back 2,760 Faulty I-Pace EVs Over Fire Risk

Jaguar started to audit its previous recall on November 12 and found three vehicles that had not been correctly updated, even though retailers had submitted a claim for the repair to the carmaker. Jaguar has since reviewed the logs across its retail network and found that 34 vehicles continue to represent a safety risk and must be fixed. While there have not been any reports of accidents, injuries, or fires, it’s a fault that owners should take seriously. The recall also comes just a few weeks after Jaguar said it was buying back 2,760 I-Paces in the US that can catch fire.

Dealers will be notified of this latest recall on January 2, while owners will be informed by February 7. Retailers have been instructed to install an interim software update to fix the fault.

Interestingly, JLR first issued this new recall with the National Highway Traffic Safety Administration (NHTSA) on December 12 and did not tell owners to park their EVs away from structures. However, the recall notice was updated on December 17, warning owners of the dangers.

“In line with recommendations made by manufacturers who have had similar issues and until such time as the safety recall remedy has been completed, retailers and customers should park away from structures,” the recall states. “Where possible, vehicles should be charged outside. Customers should also limit their charge to a maximum of 80% until the recall remedy has been completed. The Owner Manual should be consulted to confirm how to monitor vehicle charge level.”

While Toyota may have thought it was clever when it came up with the name for the bZ4X EV, it hasn’t been particularly well received. As a result, a change is reportedly coming soon, according to the regional director for Toyota Canada in Quebec.

While recently speaking with members of Canada’s automotive media, Patrick Ryan revealed that the electric SUV is going to be rebranded. He did not say when, but it could be for the 2026 model year as the 2025 model has already been presented and keeps the bZ4X name.

Read: The 2023 Toyota bZ4X Is A Quirky, But Comfortable EV With Up To 252 Miles Of Range

The current name stands for ‘Beyond Zero’, the ‘4’ represents its size, and the ‘X’ references it being a crossover, notes Motor Illustrated. While it kind of makes sense, the name doesn’t roll off the tongue particularly well, and it just sounds a little bit silly.

We get it, car manufacturers love using alphanumerical names for their cars nowadays. However, they’re often hard to remember and simply don’t stand out like those with real names. Heck, even the Subaru twin to the bZ4X has a real name and is dubbed the Solterra.

Ryan did not say if the name change will only be regional or if it is something that Toyota plans to change globally, although the latter would seem a little more logical. Except for the RAV4, all of Toyota’s current models in the US have real names, rather than random numbers and letters that have been jumbled together. Hopefully, Toyota will be able to come up with a proper name for its electric crossover and we won’t have to wait too long to hear it.

Tesla has big plans for the Cybercab, its all-electric, fully autonomous robotaxi that it plans to start building before 2027. Not only does it expect them to be ferrying around passengers across the United States before the end of the decade, but Elon Musk foresees a world where people could own multiple Cybercabs and manage a fleet of them.

At the car’s unveiled two months ago, one element that really captured the world’s attention was its bold design. Not only is it unlike any other Tesla to come before it, but it’s different from most other four-wheeled vehicles. Of course, that’s if you disregard the VW XL1 from 2013, but that’s another story. To provide us with a glimpse into the design of the Cybercab, Tesla design boss Franz von Holzhausen recently spoke with the Petersen Automotive Museum, where one of the EVs is on display.

Read: Tesla Cybercab Is A $30,000 Robotaxi Without A Steering Wheel Or Pedals

The discussions start at the rear of the car. Just like the Polestar 4, the Cybercab lacks a rear window. Von Holzhausen says that in a self-driving vehicle designed to ferry passengers from A to B, there’s really no need for occupants to see what’s going on behind them. By ditching a rear window, Tesla has also been able to make the storage compartment as large as possible.

For the first time in a Tesla, the Cybercab uses dihedral doors which are usually reserved for high-priced supercars. These doors make it feel like “you’re stepping into the future,” according to Von Holzhausen. The wheels feature solid aero discs aimed to maximizing efficiency. Tesla has also painted strips around the tires in the same shade as discs, making it seem like the wheels are bigger than they really are.

The EV’s interior is even more minimalist than other Tesla models. Dominating the cabin is a large central screen that’ll keep passengers entertained, and there are a pair of seats that look more reminiscent of lounge chairs than traditional car seats.

Whether or not the Cybercab will be a success remains to be seen. It’ll have to sell well, and for regulations concerning self-driving vehicles with no conventional controls like a steering wheel and pedals, which currently limit their permits to 2,500 per year, to change radically. If reports about incoming President Donald Trump’s intentions turn out to be accurate, this may actually happen sooner rather than later, as his transition team has allegedly said that crafting a federal framework for self-driving cars (and likely removing existing restrictions) is a “top priority”.

Analysts predict that between 16.2 million and 16.3 million new cars could be sold across the United States next year. This would mark the strongest year in sales since 2019, up from the projected 15.98 million cars sold this year.

Several factors could contribute to a sales boost in 2025. The Federal Reserve recently cut interest rates for the third time this year, and inventory has started to improve in the second half of the year. Additionally, the average transaction price for new cars in 2024 is $47,465, or 0.8% lower than in 2023. Prices remain 27.2% higher than in 2019 however, when roughly 17 million new vehicles were sold in the US.

Read: Electrified Vehicles Grab Over 20% Of US Market Share With Hybrids Leading The Way

S&P Global Mobility and Edmunds estimate that 16.2 million new vehicles will be sold in 2025. Analysts from Cox Automotive put that figure closer to 16.3 million. This jump could happen despite the estimated price hikes due to the tariffs expected to be enforced by the Trump administration.

Edmunds believes that new tariffs “could dramatically increase vehicle prices” and that the added cost will be passed on to consumers. It’s possible that scrapping the $7,500 federal EV tax credit could slow sales of electric vehicles. However, there may be a temporary increase in EV sales before the credit is ditched as buyers could rush in and get a deal while they can. Cox Automotive says 10% of new vehicles sold next year could be BEVs, and 25% of new vehicle sales will be electrified.

“The tariffs proposed by the incoming president might not be more than negotiation tactics, but if they were enacted they would likely affect the costs of nearly all goods and services — not just car prices,” Edmunds’ head of insights Jessica Caldwell said. “Consumers would have less disposable income and automakers would likely need to increase incentive spending just to move metal. Things could get interesting if automakers consider stop-gap solutions such as reviving used vehicle leasing or subscription services, or devising completely new models in order to offer vehicles at less cost to the consumer.”

If tariffs are enforced, the price gap between new and used cars is expected to grow, pushing more shoppers towards a used vehicle. This year, the average transaction price for used vehicles was $27,252, a 5.4% decrease compared to 2023.

When Russia invaded Ukraine in February 2022, it may not have foreseen the backlash from its actions. Restrictive sanctions were soon placed on the country, and many international companies operating in Russia shut down their operations. Most Western automakers quickly fled, causing new car sales to plummet. However, Russia is working on what it hopes will be a solution.

According to new reports, the government plans to invest up to $900 million into the development of a national car platform over the next three years. This new platform will be flexible enough to be used by a wide variety of vehicles, with a particular focus on hybrids and EVs.

More: Russia’s New Kama Atom EV Is A Weird-Looking SUV With Chinese Tech

The majority of the funding for the new platform comes from the Russian Parliament, while the project is being led by the Central Scientific Research Automobile and Automotive Engines Institute (NAMI). The name of that institute may ring a bell as NAMI already owns Aurus Motors, a premium Russian brand that has been building luxurious limos for President Putin for several years.

“By designing such a modular platform, we are laying the foundation for developing our own automotive production,” director of the Department of Strategic Development and Corporate Policy in the Ministry of Industry and Trade, Alexey Matushansky, said when recently announcing the project.

“It will be used for the assembly of cars of various classes from Golf (compact) class to business class. NAMI will play the leading role in implementation of this project, while its main task will be to unify the component base for this platform. The new platform will be also used for serial production of hybrid and especially electric vehicles in the future.” 

Russian state-operated nuclear energy corporation Rosatom will play an important role in making the platform a reality. Wards Auto reports the company is already working on two gigafactories to produce battery cells for the upcoming EV. It’s also said to be working on an integrated electric powertrain for the vehicle and will use composite materials in its construction to reduce weight.

Local car production in Russia has dropped dramatically since the Ukraine invasion. In 2021, approximately 1.34 million vehicles were built in the country, but this fell to 448,246 in 2022. While many legacy firms have left, numerous Chinese brands have landed in Russia and have started building new models in plants abandoned by Western automakers.

BMW’s M division has been experimenting with EVs for many years now, and as the development of its first electric vehicle continues, it has provided insight into one of the many prototypes that have played an instrumental role in making the Neue Klasse M3 a reality.

In 2018, BMW formed a team of engineers who have taken a first-generation M2 and turned it into an EV. The car, known internally as ‘The Beast,’ is “super powerful.” While we don’t know precisely how much power it has, Michael Sailer from the functional development team for BMW M driving dynamics, says it’s very hard to control as it doesn’t have the calmness of production-spec M models.

Read: BMW M Teases A Hot Neue Klasse M3 EV

Not to fear. The boss of BMW M, Frank Van Meel, says that it’s the company’s job to start with an uncontrollable beast early in the development stage and then to make it controllable. This is precisely what it did with the original E53 X5 Le Mans prototype. That insane SUV was fitted with the 700 hp V12 engine from the Le Mans-winning V12 LMR and served as a precursor to the BMW X5 M, one of the first high-performance SUVs to hit the market.

According to Van Meel, the all-electric M2 from BMW will also be tamed, influencing the electric M3.

BMW’s first all-electric M car is quickly taking shape and was shown under a colorful camouflage wrap earlier this month. It’s widely expected to have a quad-motor powertrain, with Van Meel saying this it’s good for as much as 1,341 hp (1,000 kW) or one Megawatt of power, although it’s unclear if the production model will be that powerful.

We know that BMW is developing its own in-house electric motors. These motors may be water and oil-cooled, and the first electric BMW M model should be able to hit 60 mph (96 km/h) in less than 3 seconds.

Donald Trump is due to return to the Oval Office next month, and his transition team is already planning numerous changes that will broadly impact the entire automotive industry. As we recently revealed, fuel efficiency standards could be rolled back significantly, EV incentives scrapped, and the federal government and U.S. military could be blocked from purchasing more EVs.

As it stands, the US government must purchase more EVs while replacing its old, gas-guzzling vehicles. Additionally, the government’s fleet of light-duty vehicles must all be zero-emissions cars by 2027. However, Trump is tipped to scrap this mandate. Additionally, he is expected to end Department of Defense (DOD) programs aimed at purchasing or developing electric military vehicles.

Read: GM’s New Tactical Truck Is What Happens When A Silverado ZR2 Goes Full Stealth-Mode

Several battery-electric or electrically-assisted military vehicles have been developed recently. For example, in mid-2023, GM Defense unveiled a Hummer EV-based military concept vehicle called the eMCV. It featured the same 212 kWh battery pack as the road-going Hummer but added a 12 kW diesel-powered generator to help charge the battery.

In October this year, GM Defense also launched its new ‘Next Gen’ tactical vehicle based on the Chevrolet Silverado 2500HD ZR2, fitted with a 2.8-liter turbo-diesel engine supplemented by a pair of electric motors. An electric version of GM’s nine-passenger Infantry Squad Vehicle is also being developed. The DOD also currently wants its entire fleet of non-tactical vehicles to transition to EVs by 2035.

Broad industry changes

Documents from the incoming Trump administration reveal a proposal to shift back to fuel economy standards from 2019. This could boost the average allowable emissions per vehicle mile by 25%. Trump is also said to have California in his crosshairs and may move to block the state from setting its own stricter vehicle emissions standards. If he does this, the 17 other states that use California’s standards may have to fall in line with the rest of the country.

Electric vehicles are also facing a shaky future. Trump is widely expected to eradicate the $7,500 EV tax credit, likely triggering a decrease in new EV sales across the country. Reuters also understands the administration wants to pull any leftover funds from Biden’s $7.5 billion pledge to establish a sweeping network of EV charging stations nationwide. Interestingly, Trump may scratch the environmental reviews required for things like charging stations, meaning it could be quicker for private companies to open new stations.

Honda is doubling down on its electrified future, and it’s starting to look interesting. Twelve months after providing us with a glimpse of its vision for the next generation of EVs, the Japanese automaker has confirmed plans to debut two new electric vehicle prototypes at the upcoming Consumer Electronics Show (CES) in Las Vegas.

Read: Honda’s 0 Series Next-Gen EVs Will Have Thin Batteries And Light Bodies

A teaser image gives us a sneak peek at these two prototypes. On the left sits a car that appears nearly identical to last year’s Saloon EV Concept, retaining its signature design elements like the intricate LED taillight, illuminated Honda script, and the diffuser-mounted slim brake light. However, Honda has labeled it a “prototype” rather than a concept this time, suggesting it’s an evolved version. We can’t tell from the shadowy image what’s changed, so we’ll have to wait for its CES debut to see how Honda has refined the design and engineering.

The SUV Grabs the Spotlight

Perhaps of more interest is the 0 Series prototype pictured next to it. This vehicle adopts the form of a boxy SUV and it looks like a big one too, perhaps similar in size to the Hyundai Ioniq 9 and Kia EV9. It appears to lack traditional wing mirrors, has a lengthy wheelbase, and an almost completely vertical rear window adorned with a wraparound LED light bar. Two extra lights are positioned towards the base of the rear bumper.

Last year, Honda provided a preview of the new vehicles that will form part of the 0 Series family. Set to launch in 2026 alongside the saloon are a mid-size SUV and an entry-level SUV. In 2027, these will be followed up by a three-row, large SUV, while a compact SUV has been scheduled for 2028 and a small-size SUV is in the works for 2029. By 2030, Honda will launch 7 vehicles in its 0 Series globally.

Tech Takes Center Stage

It’s not just these two concepts that Honda will bring along to CES. The Japanese brand will also introduce a new proprietary vehicle operating system to be used by its future EVs. New automated driving technologies are also on the agenda.

Honda’s new EVs are based around a “Thin, Light and Wise,” approach. The brand’s CES display will focus on the ‘Wise’ value and also provide a look at the System on Chip (SoC) underpinnings of the 0 Series models, as well as Honda’s future Software Defined Vehicles (SDV).

Chinese electric carmaker Jiyue is on the brink of collapse despite being backed by technology giant Baidu and automotive conglomerate Geely, and it’ll take a miracle to avoid the fate of so many other failed Chinese automakers in recent years.

Jiyue was initially formed through a joint venture between Baidu and Geely, with Baidu owning 55% and Geely owning 45%. However, the company was later restructured, providing Geely with a 65% ownership stake and leaving 35% with Baidu. It launched its first model – the Jiyue 01 – last year as a stylish competitor to the Tesla Model Y. It was followed up by the gorgeous Jiyue 07 sedan, which quickly picked up a Red Dot design award after its launch.

Read: New Jiyue 07 Blazes Into EV Scene With Gorgeous Fastback Looks

However, sales have been slow, and this year, Jiyue has managed to shift just 13,834 vehicles across the country. It’s also experiencing severe financial difficulties, and according to Chinese media, chief financial officer Liu Jining and his family may have fled to Singapore, taking with him the company’s books. It’s also believed Baidu has discovered a financial hole of up to 7 billion yuan (~$962 million) that was unaccounted for and opted against investing an additional $412 million in the company.

CarNewsChina adds that chief executive Xia Yiping may have significantly overpaid suppliers. Approximately 70% of all parts used by Jiyue come from Geely, and as of February, it owed more than $200 million to its parent company for these parts.

In a statement issued last week, Jiyue said it would ditch projects that don’t improve its financial position. It also fired several departments, delayed salaries for December, and suspended social security payments to employees in November. Baidu and Geely quickly responded to the uncertainty, saying they would help Jiyue make payments for social security contributions, fund after-sales servicing for existing customers, and compensate workers who’ve lost their jobs.

A restructuring plan has been presented to shareholders, but it remains unclear if it will save the company. If Jiyue does go bust, it will follow Human Horizons as the latest Chinese car startup unable to survive increasingly fierce competition across the local market.

Starting in the new year, the European Union will drastically tighten its regulations on automotive carbon dioxide emissions. From January 1, 2025, the EU will enforce a much stricter cap, requiring the average CO2 emissions per kilometer for each new car sold by a manufacturer to not exceed 93.6 grams. This represents a 19% reduction from the current year’s target.

According to consultancy firm Dataforce, under the new emissions measurement system, the 2024 target would equate to 116 g/km using the previous system of calculation.

Read: Europe Is About To Find Out If EV Sales Can Survive As More Governments Slash Subsidies

While the regulation doesn’t prescribe specific methods to achieve this reduction, it effectively forces major car manufacturers to ensure that at least 20% of their sales come from zero-emission electric vehicles. This marks a significant increase from the current average of 13% of all cars sold in the region, according to data from the industry association ACEA. As Reuters reports, manufacturers that fail to meet these targets will face hefty fines.

Automakers Shift Pricing Strategy

In response, automakers have started increasing the prices of their gasoline and diesel vehicles to reduce demand for internal combustion engine models and make EVs more appealing.

“Carmakers have started with their pricing strategy to steer demand towards battery EVs in order to reach the CO2 targets and avoid potential fines,” Beatrix Keim of the Center for Automotive Research told Reuters.

Companies such as Stellantis, VW, and Renault have already increased the prices of ICE models by hundreds of euros in recent months. For instance, all Peugeot models sold in France—except EVs—saw price hikes of up to €500 ($525) last month. According to S&P Global auto analyst Denis Schemoul, these adjustments could also help fund future discounts for EVs.

Affordable EVs On the Horizon

Over the next year, Europe will see the launch of several new and more affordable EV models. These include the Hyundai Inster, Fiat Grande Panda, BYD Seagull, Cupra Raval, Renault R5, Skoda Epiq, and VW ID.2. Other EVs priced below €25,000 (about $26,200 at current exchange rates) are also in development, such as the Renault Twingo, Kia EV2, and VW ID.1.

Mounting Criticism From Automakers

Not everyone is on board with the EU’s tightening regulations. At the Paris Auto Show in October, Luc Chatel, president of the French car lobby PFA, slammed Brussels for what he described as unrealistic emissions targets.

“At some point, enough is enough,” Chatel said. “I can’t sell enough electric vehicles and I’m going to be penalized on my thermal vehicles. What do they want me to make, horse-drawn carriages?”

This year, just 13% of all vehicles sold across the EU have been electric, and many politicians are pushing the region to relax its targets for 2025. If the sector fails to meet its CO2 obligations, fines could soar as high as €15 billion ($15.7 billion). Some automakers have found alternative strategies to avoid fines, such as pooling emissions with other brands. For example, Suzuki will pool emissions with Volvo in 2025, eliminating the risk of penalties.

Despite these efforts, skepticism remains. A source close to one of Europe’s major automakers told Reuters that simply raising ICE prices may not be enough to drive sufficient EV sales, citing weak growth in the EV segment. As the market faces both political and economic pressures, 2025 could be a turning point for the region’s auto industry.

The end of 2024 is fast approaching, and Tesla looks eager to sell as many Model Ss as it can before the end of the month. It’s so desperate to sell its flagship electric sedan that it has reintroduced a free Supercharging for life offer that was last available in 2018.

Tesla recently updated its website to reveal that customers who purchase or lease a new Model S after December 13, 2024, will be eligible for free Supercharging. However, the offer does include some important caveats that somewhat limit its appeal.

Watch: Rogue Tesla Smashes Into Multiple Cars Before Plunging Off Parking Deck

For starters, the free Supercharging offer is tied to an owner’s Tesla Account and cannot be transferred to another vehicle, person, or order, “even in the case of ownership transfer.” That means any Model S sold at a later date won’t retain free Supercharging. Additionally, Tesla says that “vehicles used for commercial purposes,” including taxi, rideshare, and delivery services are excluded from the promotion. While we’re not sure how Tesla can determine if a vehicle is being used for commercial purposes like this, it’s an important catch to take note of.

Tesla has added that owners remain responsible for Supercharger idle and congestion fees when applicable. The carmaker also says it “reserves the right in its sole discretion to remove the free Supercharging from your vehicle in the event of excessive charging or unpaid fees related to Supercharging.” So, in theory, you could wake up and find your car is no longer eligible for free Supercharging.

Price hikes

The announcement of this deal also comes just a few days after Tesla jacked up prices of the Model S in the US by $5,000, meaning the Long Range now starts at $79,990 and the flagship Model S Plaid is priced from $94,990 before destination fees. While anyone who splashes on a new Model S this month will get free Supercharging, they’ll indirectly be paying for it through this price increase.

With Supercharging costing an average of $0.25 per kWh, $5,000 is about 200 full charges of the Model S’s 100 kWh battery pack.

Tesla does not break down sales for each individual model in its lineup, and as of late, it has grouped together sales of the Model S, Model X, Cybertruck, and Semi into a single figure. In Q2, 21,551 of these models were sold, and Electrek believes sales of the Model S/X may have amounted to between 12,000 and 13,000 units, roughly a ~30% decline from the year prior.

BMW is gearing up to showcase the latest iteration of its iDrive system and display that’ll be used in upcoming Neue Klasse production models. The new tech will be unveiled at next month’s Consumer Electronics Show (CES) in Las Vegas in a special event hosted by comedian Tim Meadows.

The debut will take place at the BMW Pavilion, and attendees will have the chance to take a close look at the system. It’ll consist of the brand’s first panoramic iDrive display and, according to BMW, set new standards “for in-vehicle experiences with a clear focus on driver orientation, safety, and personalization.”

Read: BMW’s Neue Klasse Design Is Coming To All ICE Models

Images published of Tim Meadows may provide us with a hint of what to expect from the new system. Pictured behind the comedian is the top of a huge steering wheel, an angular infotainment screen, and what appears to be a full-width panoramic display. Both the steering wheel and the infotainment display match up with the Vision Neue Klasse X concept and appear likely to make it to production.

Details about the “panoramic” display are a little murkier. Both the Vision Neue Klasse X SUV and the Vision Neue Klasse sedan concepts had curved full-width displays at the base of the windshield. It’s possible that BMW intends to make these screens a reality for its future production models.

All will be revealed on January 7th at 8:30 a.m. PST. Meadows will be joined by BMW AG chief development officer Frank Weber, head of BMW Group Design Adrian van Hooydonk, and head of UI/UX development, Stephan Durach.

The first Neue Klasse-based production model to hit BMW showrooms will be the next-generation, all-electric iX3, set to adopt a very similar design philosophy to the Vision Neue Klasse X. It will launch next year, while a road-going variant of the Neue Klasse sedan concept is set to arrive in 2026. A further four Neue Klasse models will join the burgeoning family over the following two years.

Ford and South Korean battery manufacturer SK On are getting a huge $9.63 billion loan from the U.S. Department of Energy to build three battery manufacturing plants in Tennessee and Kentucky for electric vehicles.

In June 2023, it was initially revealed Ford and SK On would be getting a $9.2 billion loan to help with the construction of three factories. It’s unclear why the loan amount has increased, but it is the largest loan provided by the US government’s Advanced Technology Vehicles Manufacturing program. This program aims to help American firms catch up with industry-leading Chinese battery makers.

Read: Rivian’s Georgia Plant Gets A $6.6 Billion Lifeline Thanks To Taxpayers

The money will be provided to Blue Oval SK, a joint venture operated by the two companies. They’ve already invested over $11 billion in the construction of the three plants. Production at the first of the two plants in Kentucky is scheduled to start in early 2025, while the Tennessee site will be ready to start manufacturing in late 2025.

When all three sites are up and running, they’ll be capable of producing 120 GWh of EV batteries annually.

Speaking with Reuters, Blue Oval SK said it took 18 months for the Department of Energy to complete the loan process due to the time needed to conduct due diligence, including market, credit, financial, legal, and regulatory reviews.

This isn’t the only significant EV loan announced in recent weeks; just before Donald Trump returns to the presidency, the DOE announced a conditional commitment to loan $7.54 billion to the joint venture operated by FCA US and Samsung SDI to establish two lithium-ion battery cell and module manufacturing plants in Kokomo, Indiana. Rivian also recently received approval for a $6.57 billion loan from the DOE, although that loan has come under the microscope of Vivek Ramaswamy, who will lead the new Department of Government Efficiency alongside Elon Musk.

This is our first proper look at Russia’s new home-grown EV, known as the Kama Atom. The electric SUV has been in the works since as early as 2021 and extensive testing and development is underway, ahead of a market launch perhaps as early as 2025.

The new model is being brought to life by startup Kama, which has secured heavy funding from the Russian Direct Investment Fund and has strong ties to Atom Automotive Engineering and Technology in the Chinese city of Nanjing. With the Russian car market crippled since the escalation of its war with Ukraine in February 2022, it’s hardly a surprise that it’s looking to grow its local industry with its trusty friends from China.

Read: Chinese Automakers Move Into Russian Plants Abandoned By The West

We were provided with our first glimpse of the new EV in May 2023, but the vehicle in these photos from Kolesa appears quite a bit larger and has a different design. It’s unclear if this is what the concept has morphed into for production, or if this is a separate vehicle from the one from last year.

Visually, the vehicle has a somewhat similar profile to the MG 4 but is quite a bit taller and looks a little longer. The front end includes a pair of narrow LED headlights that look to be connected by a light bar. There’s no traditional grille and the main headlights are hidden within the front bumper. The Atom has quite an intriguing look and is certainly reminiscent of some recent EVs to come out of China.

2023 Atom show car

When viewed from the side, the short front and rear overhangs catch the eye, as does the relatively long wheelbase. The side windows also sit pretty high on the body. Few technical details are known about the new model, including what kind of battery pack it will have or what kind of electric motors it will use.

After some digging, we discovered that the Russian brand quietly previewed a new electric sedan known as the Lightning in August. A delivery van version of the Atom is also in the works.

While three months ago Volvo backed away from its commitment to go electric-only by 2030, it continues to invest heavily in the EV space and will grow its range. However, it remains undecided on whether or not it should release an all-electric estate that could compete with the likes of the BMW i5 Touring, Audi A6 e-tron, and VW ID.7 Tourer.

There have been some hopes that Volvo would launch electric EV60 and EV90 models after these two names were trademarked a couple of years ago. The company itself has said it will launch a new model every year for the next five years, and one of these will include a new electric sedan, joining the brand’s existing EX30, EX40, and EX90 EVs. When quizzed about the possibility of an electric estate joining this range, Volvo UK managing director Nicole Shaw said no final decision has been made.

Read: Volvo Abandons EV-Only Promise, Will Sell Mix Of Powertrains Past 2030

“It’s too early to say, because it’s only December; in another quarter, I might have more of a feeling on how it’s done,” she told Auto Express. “When it comes to anything we evolve, the electric space is the one we evolve into.”

Volvo has been mulling the idea of an electric estate for quite some time. Last year, chief executive Jim Rowan said the brand could absolutely make a compelling electric estate, but noted it would have to make business sense, and with estate sales declining, that could be difficult.

“I get so many emails asking me when somebody is going to do a proper electric wagon – mainly from people in northern Europe and Maine! But then you say, ‘What if we did that?’ and ask ‘What if we did a Cross Country version of it?’. Would that be something that would work in our portfolio?” he said.

“The point really is whether we should do it – is there enough margin there, is there enough demand for that car? Are people really going to say, ‘Okay, I’d rather have a nicely designed wagon than choose a sedan [saloon] or an SUV’? Do we think the market is going to move back into that area? Because demand for estate cars and saloons has gone down in Europe. It’s a decision that we need to make, and we need to make it with the market intelligence that we have.”

At the forefront of Volvo’s mind at the moment is the upcoming ES90 electric sedan. This new model will be unveiled in March 2025 and is expected to use the same SPA2 platform as the EX90 SUV. The ES90 may also be equipped with the same 111 kWh battery pack and offer similar dual-motor powertrain setups producing 402 hp and 510 hp.

Stellantis has inked a joint venture with Chinese battery giant CATL to establish a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Up to €4.1 billion (~$4.31 billion) will be invested into the new site, with production scheduled to start by the end of 2026. When fully operational, the facility will have a capacity of up to 50 GWh.

This new plant will be located alongside the existing Stellantis facilities in Zaragoza. Batteries produced there will be used in the group’s battery-electric passenger cars, crossovers, and SUVs competing in the B and C segments. Stellantis has not confirmed which of its models will be the first to use these new locally-made LFP cells, but notes the plant’s capacity is “subject to the evolution of the electrical market in Europe and continued support from authorities in Spain and the European Union.”

Read: Ex-CEO Tavares Personally Killed The Hemi V8, Stellantis Insiders Reveal

“Stellantis is committed to a decarbonized future, embracing all available advanced battery technologies to bring competitive electric vehicle products to our customers,” Stellantis chairman John Elkann said. “This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach. I want to thank all stakeholders involved in making today’s announcement a reality, including the Spanish authorities for their continued support.”

The battery plant has been designed to be completely carbon neutral and will be implemented in several phases and investment plans. Stellantis says the site will also help it on its path to becoming a carbon net zero corporation by 2038.

“The joint venture has taken our cooperation with Stellantis to new heights, and I believe our cutting-edge battery technology and outstanding operation knowhow combined with Stellantis’ decades-long experience in running business locally in Zaragoza will ensure a major success story in the industry,” CATL chairman and chief executive Robin Zeng added. “CATL’s goal is to make zero-carbon technology accessible across the globe, and we look forward to cooperating with our partners globally through more innovative cooperation models.”