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Rivian’s Stock Is Down, But It’s Kind of a Good Thing?
The EV maker appears to be poised to start construction on its second factory.
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The EV maker appears to be poised to start construction on its second factory.
Not going to lie, I didn’t see this coming.
Plus, a look into the future of solar and wind tax credits.
On New York’s solar farmland, German nuclear, and Argentinian gas
On Texas transmission trouble, Russian nuclear reprocessing, and ‘guerrilla solar’
Three climate stories that caught my eye today.
It’s been a busy few days for climate and energy news. So instead of focusing on a single story in this edition, let’s try something different and check in with a few big ones I’ve been thinking about:
Wednesday was the hottest day ever recorded in France, according to the country’s weather agency, Météo-France. The commune of Palluau, not so far from the country’s Atlantic coast, recorded a high of 43.8 degrees Celsius, or 110 degrees Fahrenheit.
The United Kingdom also set a new June temperature record. Spanish officials have suggested that the heat wave may have killed as many as 212 in their country alone. Germany, Austria, Italy, and the rest of central Europe also face searing weather.
I was particularly struck that many cities in France and Germany recorded their warmest night ever. A town in Rhineland-Palatinate, for instance, saw overnight temperatures remain above 79 degrees Fahrenheit earlier this week.
Although that might not sound so bad to American ears, it is alarming in a country where most homes do not have air conditioning. Heat waves are the deadliest type of weather event on an annual basis, but they are slow and silent killers: They prove fatal when temperatures stay high for hours, or days, at a time, and the body’s natural cooling mechanisms give out. The human body can withstand a hot day or two; it can’t hold out a hot day, a hot night, another hot day, another hot night, ad nauseam.
And let’s clearly say, too: This is climate change. As my colleague Jeva Lange wrote in 2024, record-breaking heat is the clearest symptom of anthropogenic global warming caused by carbon emissions — and therefore fossil fuels. Preventing disasters like this one is why Europe, the fastest-warming continent, has invested so much in decarbonization and net zero.
(But I suspect that in the coming years, it will invest more in air conditioning, too.)
Once a quarter, the Federal Reserve Bank of Dallas surveys oil and gas executives on how they're feeling about the sector. Their anonymous comments, collected at the report’s end, periodically make news — last year, you might recall, respondents were less than thrilled with the president’s policies — but I was struck by a comment in the most recent survey, which came out yesterday.
“The collision of AI development with local community activists rhymes with the early response to fracking,” one unnamed drilling executive said. “It's unclear how competitive we can be in the AI arms race unless we temper the rights given to NIMBYists (not in my backyard) and the legal maneuvers they use to stop progress.”
Now, look: Oil and gas executives care about the boom in part because data centers are major energy consumers. But this comment stood out because it uses the same historical analogy I’ve been meditating on. If you think back to the early 2010s, I’ve said, fracking was new and worrying to many people. But over the course of the decade it became politically polarized, with red states and some purple states embracing it and many blue states backing off of or banning it.
That’s been my framework. So I was shocked to see that J. Stuart Adams, the president of Utah’s state senate, lost his primary to a fellow Republican challenger this week. The campaign was driven by Adams’ approval of a massive data center partly owned by the “Shark Tank” celebrity investor Kevin O’Leary, known as Mr. Wonderful. The 40,000-acre data center — which could consume up to 9 gigawatts, a New-York-City-on-a-warm-spring-day’s amount of power — has proven to be enormously unpopular in Utah, and Adams ultimately demanded O’Leary shrink the project. But that didn’t pacify Republican primary voters, who have now booted Adams from a 20-year career in state politics.
Why does this matter? Because that’s not very fracking-like at all. In the 2010s, state and local Republican leaders may have faced tough battles over pipelines or eminent domain, but their voters did not broadly reject oil and gas development the way they seem to be doing for data centers now. (As our polling at Heatmap shows, the facilities are now deeply unpopular even among GOP voters.) This suggests data centers may be closer to what, say, urban housing projects or nuclear power plants once were to the American electorate — a type of highly controversial economic development that local politicians must either “own” or “fight,” and which, regardless, they see as existential for their careers.
And that in turn suggests a very different future for data centers — and a very different electricity load growth forecast — may be coming.
One last thing, and it's short. Like all middle-aged millennials, I pine for the return of cheap, useful pickup trucks like the old Ford Ranger or Toyota Tacoma. And like all millennial climate journalists, I wish electric vehicles were cheaper.
So I was delighted to see the news that the U.S. startup Slate has somehow managed to build a $25,000 two-seater pickup EV. It says it will start delivering them by the end of this year. Read Heatmap’s new piece by Andrew Moseman to learn how they did it.
Today’s top-of-the-line electric vehicles are self-driving computers on wheels built to feel as futuristic and digital as possible. They come with artificial intelligence-powered assistants, enormous touchscreen interfaces, and huge batteries.
The Slate pickup truck’s signature feature? Hand-crank windows.
As Slate Auto has developed its attempt at the bare-bones EV over the past couple of years, its 1990s-nostalgic manual windows became a symbolic choice, one meant to signal just how far it was willing to go in pursuit of affordability. On Wednesday, Slate gave us a fuller picture, revealing the details about its vehicle and providing a glimpse at how the Jeff Bezos-backed startup plans to sell an EV truck at an entry-level price. But while the pickup’s lack of power windows or a built-in stereo system are attention-grabbers, a lot of the savings lie under the skin.
Just how cheap is it? The “Blank Slate,” a version of the truck with zero bells and whistles, starts a hair under $25,000. This is a compact truck in the spirit of decades past, with two seats up front and nothing more. For a Slate that seats more than a couple, choose the SUV or fastback configuration that bumps up the price to about $30,000 or $32,000, respectively.

From there, Slate’s à la carte model takes over. Choosing a wrap to make your whole truck a color other than gray costs $499, though blessedly, Slate provides dozens of color choices as opposed to the handful of neutrals and muted colors offered on a typical new car. The portal to design one’s Slate becomes a rabbit hole of possible choices — custom taillight designs, roof racks, and wheels — all of which add a little or a lot to the price of the truck. These add-ons can quickly propel a Slate deep into the mid- or even high-$30,000s range if you’re not careful. The point, though, is that the $25,000 EV is front and center.
To achieve this starting price required a heavy dose of vintage or simplified tech. Roll-down windows and no built-in stereo speak to drivers who aren’t automotive engineering experts. But as reviewers and online commenters have noted, crank windows aren’t a make-or-break money-saver — they might knock off $20 or $40 per vehicle — and so few companies use them now that Slate had to go out of its way to source them from Brazil.

A bigger cost-cutter was Slate’s embrace of old-school manufacturing and its willingness to consider “yestertech” that’s still perfectly serviceable, but has fallen out of use because better systems have come along. The chassis, for example, is made of ordinary steel — 250 pieces welded together as opposed to the more efficient stamping methods that have taken over automotive manufacturing. While Slate has a familiar, inexpensive MacPherson suspension up front, its rear uses a design called the De Dion that dates back to the late 1800s. (The Autopian has a nice technical write-up about why this choice makes sense.)
We often default to calling EVs smartphones on wheels because of the Tesla approach to making them — the so-called software-defined vehicle that routes its main functions through touchscreen interfaces and gets new features via over-the-air updates. So perhaps a comparison to the phone industry is apt. In the same way budget-conscious buyers were waiting for Apple to make the “affordable iPhone,” drivers have been waiting for the automakers to roll out the entry-level EV. But instead of the cheap Tesla, what we got is the Slate, which is something more like a flip phone on wheels.
That’s not to say it won’t succeed. Flip phones are enjoying a resurgence, after all, powered by their low price and by growing dissatisfaction with life in this age of touchscreens. But Slate’s unusual position in the car industry makes it difficult to predict how American drivers will respond. For those shopping solely on price, Slate may not measure up. The cheapest gas-powered cars in America include the likes of the Toyota Corolla, Hyundai Elantra, and Volkswagen Jetta, and their starting price in the mid-$20,000s includes the basic creature comforts you’d expect from a modern car, not to mention seating for at least four. In a world that still had the $7,500 federal tax credit for buying an EV, the Slate would undercut these gas-burners. In this world, it can’t (though you could add a slew of options to the Slate before it would cost the same as the $35,000 electric truck under development at Ford’s skunkworks operation).

What Slate has going for it, though, is its ability to become the exact car you’d like. Normal cars come with three or four “trim levels,” each of which adds a thousand dollars or two in exchange for more features. In practice, many people are stuck with whatever version they can actually track down at a dealership. Slate follows the Tesla-Rivian model of direct-to-consumer sales, and its trademark customizability means buyers are limited to picking from two or three versions of a car, but can design every single piece of their truck.
To be sure, lots of people don’t want this. Many are presumably happier buying a car off the familiar lot without the mental overload of choosing every single thing about their vehicle. The question is whether a quorum of drivers are ready for a new way to buy a car — or at least, so fed up with fluctuating gas prices and the out-of-control prices of new vehicles that they’re ready to take a chance on rolling their windows again.