Europeans on much lower salaries can build wealth more effectively than Americans on higher salaries due to socialized or capped big-ticket expenses. The article highlights that Europeans benefit from minimal costs for healthcare, education, and childcare. Additionally, affordable public transport reduces the need for expensive car ownership, and legally mandated paid leave provides a significant, guaranteed financial benefit not common in the U.S
Kingsmill Bond argues the West is deluding itself about the energy transition. The "electrotech revolution" led by solar, batteries, and EVs is already here, advancing exponentially, and is cheaper than fossil fuels. While emerging markets are embracing this, the West risks being left behind by its outdated assumptions and a linear mindset toward change.
XCharge North America has partnered with Ascentium Capital to offer a leasing program for DC fast chargers, aimed at small businesses. This program allows businesses to install chargers, like the GridLink and C6 models, for an affordable monthly rate starting at $800, removing the need for a large upfront investment. The leasing package includes installation, equipment, warranties, and maintenance, and lets the business keep all the charging revenue.
Horse Powertrain's C15 is a compact, Euro 7-compliant gasoline generator designed for extended-range EVs. It activates only when battery charge drops, offering 70 kW for sedans and 120 kW for larger vehicles. While efficient, it still emits 120–140 g CO₂/km when active. Backed by Renault, Geely, and Aramco, Horse can mass-produce it—but OEM adoption is key. EREVs face pressure from falling battery costs and rising BEV capabilities.
EVs are central to a coming shift in mobility: by 2040, personal electric car ownership may disappear as automakers pivot to subscription-based, software-driven models. EVs will serve as platforms for autonomous fleets, shared transport, and tiered digital services. Younger users prefer access over ownership, and manufacturers are redesigning vehicles as connected devices - raising concerns over repair rights, data control, and user autonomy.
BrightDrop Fades Out: What's Next for Retail EV Fleets?
21 Oct 2025 | GM has ended production of its BrightDrop electric vans, leaving retailers like Target and Walmart seeking alternatives. Fewer than 2,000 vans are in service, far below expectations. Ford's E-Transit, Rivian's RCV, and Mercedes' U.S.-built eSprinter are the most viable replacements. BrightDrop's failure highlights the challenges of scaling commercial EVs amid shifting incentives and slow fleet adoption.
Model Y Competitor? NIO's Onvo L60 Is Affordable EV for the Masses
21 Oct 2025 | The Onvo L60 is a mid-size electric SUV from NIO’s ONVO brand, designed for families and priced to undercut the Tesla Model Y. It offers up to 462 hp, 525 km range, and supports battery swapping via NIO’s Battery-as-a-Service (BaaS), lowering upfront cost to ~$21,200. Full ownership with battery is ~$29,300. Exports to Europe begin in 2025. With smart tech, spacious design, and flexible pricing, it signals China's EV push into the global mainstream.
From Horses to Horsepower: Why EV Skeptics Sound Like 19th-Century Farriers
21 Oct 2025 | Alan Gelfand's anti-EV stance echoes 19th-century farriers resisting the automobile. His business depends on ICE vehicles, making his critique more nostalgic than neutral. EVs require less maintenance, offer long-term savings, and are backed by expanding service networks. Like carriage makers before him, mechanics must evolve or risk irrelevance. The transition is disruptive - but history favors adaptation over defiance.
EV Depreciation: A Temporary Dip, Not a Long-Term Trend
20 Oct 2025 | EV depreciation concerns are real but overstated. Fleet failures and battery uncertainty skew resale data, yet modern EVs show strong longevity and lower operating costs. Automakers now offer battery health reports, extended warranties, and OTA updates to boost confidence. Policy support and LFP chemistry further stabilize value. As transparency improves, EVs will redefine long-term worth - not just match it.
17 Oct 2025 | Horse Powertrain, a joint venture by Renault, Geely, and Aramco, offers compact hybrid engines like the C1 to retrofit EV platforms. Designed as range extenders, these engines run on multiple fuels and meet Euro 7 standards. Though marketed as green tech, their real-world impact is debated - especially as studies show PHEVs are rarely charged. Horse may be a transitional solution, but 500-mile EVs are poised to dominate long-term.
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