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The Changli is weird, about $1,000, and a surprisingly compelling vision of the future.
If you’re trying to solve a problem, it’s unlikely that anyone is going to look over your efforts, scribble things on a pad, scowl, and then say, “Have you tried half-assing it? Really phone it in?” This almost never happens. And yet it's precisely what I think needs to happen for electric cars to live up to their potential. They need to suck far, far more than they currently do. I know this sounds like what many experts would call “a terrible idea” and “stupid,” but I’m confident in this belief for one very notable reason: I’ve lived it.
For the past few years, I’ve used and enjoyed an electric car that is, by the standards of any EV available on the mass market today, terrible. I’m talking about something with about 1/10th the range, about 1/250th the horsepower (and that’s being generous), and maybe 1/5th the maximum speed of a modern EV. These are the sort of specs that should be charitably considered garbage.
And yet, despite it all, what I’ve learned is that not only are such meager capabilities enough for a shocking amount of my transportation needs, the whole experience has been downright fun. Yes, fun.
The car I’m talking about is called the Changli Freeman, and I believe it is the cheapest car in the world. In fact, that was the initial reason I bought it. You see, my job is to write about and do things with interesting cars, so when the pandemic arrived in 2020, that put a real crimp in my usual plans of traveling to people with strange cars all over the country and driving them, on video, to the delight of audiences in the high severals.
So, stuck at home, I hatched a new plan: I’d bring the interesting cars to me! Well, one interesting car, and that interesting car would be the cheapest new car one could buy.
My research brought me to a category of automobile that is known in their native land, China, as 老头乐, something that translates to “old man happy car.” That’s because this type of car is primarily sold to elderly folks in second-tier cities who need something to get to the market or pick up grandkids from school. Slow is just fine, and the legality of these cars, even in their native China, is muddy, at best. But they are definitely cars, of a sort.
At $930, the Changli was the cheapest of the cheap. Add in the necessary five 12V lead-acid batteries, which aren’t included in the base price, and the bill lurches up to $1,200, still absolutely, impossibly, floor-settingly dirt cheap for a new car of any kind.
Oh, and perhaps equally incredibly, I found this car on the website Alibaba.com, and bought it online, just like you would buy a video game console that looks like a Playstation 5 but perversely only plays 40-year-old Nintendo games.
Sure, shipping from China and all of the related customs hassles brought the total cost to about $3,300, but even so, we’re still talking about something wildly inexpensive. We’re still comfortably lying down on that bottom tier, and if you need further proof of this, here’s a video of me when I first got it and had to take it out of the massive cardboard box it shipped in:
Unboxing The World's Cheapest New Car Reveals It's So Much Better Than You Thinkwww.youtube.com
Now, aside from the fact that my new car arrived in a cardboard box, what you should note is my raw, unmitigated delight.
I had been genuinely ready to accept what would effectively be a plastic porta-potty-type body on a crude, flimsy chassis with a chain-driven axle and an effective operational lifespan roughly on par with your average mosquito. But that’s not what I got. What I got was a very cleverly-designed little car with an all-steel body, all the required legal lights and indicators, a windshield wiper, heater, radio with an MP3 player, and even a freaking backup camera. It was so much better than I ever could have imagined.
I later brought the Changli to Munro and Associates, one of the leading vehicular evaluation companies in the world, a place where major automotive manufacturers bring competitors' products to determine how they’re built and how much it costs to make them.
Sandy Munro, who runs the company, was genuinely stunned by what the Changli had to offer, and how it was made:
Sandy Munro Attempts To Demystify The Absurdly Low Cost Of The Changliwww.youtube.com
Remember, these are the reactions of someone who has torn down every major electric car on the market, from Teslas to Fords to BMWs. He knows what he’s talking about.
The specs on the car aren’t exactly impressive: 1.1 horsepower electric motor, 60V of batteries which gave a (tested) range of 27 miles, and a top speed of about 25 mph or so, though something around 20 was more common. My kid is able to run up a hill faster than the Changli can get up it. And yet, somehow, it works.
Here's What The World's Cheapest Electric Car Is Like To Drivewww.youtube.com
It actually does more than just work; it’s a usable transportation solution for far more of my normal transportation needs than I’d have ever guessed. While it may have come into my life as a curio, it very rapidly became an actually useful conveyance.
I used it to go to the grocery store. I sometimes took my kid to school in it, or to a friend’s house. I picked up take-out. I got parts from the auto parts store when one or more of my “real” cars needed repair. I met friends out at restaurants or galleries or clubs in town, and when I did, I could always park where no one else could, nose-to-curb or in tiny nooks behind dumpsters or any number of other small, forgotten spaces.
I did all of the sorts of mundane, low-distance, low-speed personal transportation acts that we all do, and which command a far larger percentage of our day-to-day transportation needs than many of us realize.
Now, I live in an environment where this sort of thing is perhaps unusually possible. It’s a college town, so there’s a lot of fairly dense commerce surrounded by a lot of low-speed streets, which makes it ideal for using a low-speed neighborhood electric vehicle (as it’s technically classed). According to the rules of this vehicle classification, which varies a lot from state-to-state, I can drive my absurd little machine on any street with a speed limit of 35 mph or less, though I think I can cross streets with higher limits.
There’s no highway travel, of course, but that’s not a restriction I’d need to be told to obey, as trying to drive this thing on a highway would be like shoving a sloth into the path of a cattle stampede. Were I to be in an accident with something like an F-150, I’d probably end up accordian’d like a cartoon coyote.
What I learned was that about 75% of my daily transportation needs could be accomplished with this shockingly minimal machine, and, even better, done with more fun than getting in a full-sized car. It was even easier than driving my regular cars! It was quiet and leisurely and everyone who saw this refugee from Cartoonistan greeted it with amused bewilderment or a smile or both.
Compared to a real EV like, say, a Tesla Model 3, this thing is a joke. But it’s a joke that can get to and from the grocery store in about the same amount of time when driving through town, and accomplish pretty much the same job, for a tiny fraction of the price and without hauling around an extra 3,000 pounds of car and battery that were, for the purposes of a trip like a grocery run, just dead weight.
There’s something in the automotive industry known as “vehicle demand energy,” which basically refers to the amount of energy needed to simply put the whole car in motion. The vehicle demand energy of a Tesla or a Ford Mach-E or even a Nissan Leaf is orders of magnitude higher than what the Changli demands, and for an awful lot of driving, that’s wasted energy.
If we’re really serious about using EVs to make a real dent in climate issues and energy usage, then we should adjust our thinking to make room for Changli-type vehicles.
Side by side with a “real car,” the Changli looks like a comical, shrunken subset, but compared to other minimalistic electric, low-speed transportation solutions like an e-bike, it feels like being carried in a luxurious, silken-draped litter. Unlike an e-bike, you’re still enjoying complete protection from the weather, and since you’re not teetering on a pair of wheels, but are rather cozily lounging inside a metal box, you can carry so much more stuff.
That’s why a minimal car-esque EV like the Changli is viable for transporting, say, tubs of Chinese food home or taking your kid to school: It’s a car, not a bike. It’s an obvious thing to note, but it’s a big deal when it comes to actually using the thing.
Sure, you can’t take a roadtrip in a Changli, but you knew that from the moment you looked at it. It is just a case of the right tool for the right job. Live somewhere dense, with a lot of low-speed travel? Maybe a Changli makes sense! Live on a compound and it’s a 45-minute trip if you need dental floss? Maybe not. There will always be a place for long-range, comfortable and safe EVs, capable of high speeds and long road trips, but they don’t need to be your daily driver.
Perhaps many of us will have small, fun, a-bit-better-than-Changli-type vehicles that we drive day-to-day, and then take majestic powerful, long-range EVs on the occasional road trip.
This doesn’t have to be a punishment. I’m a gearhead, I love cars and driving, and I can honestly say my driving experiences in the Changli have been a blast. I even took it to a track event. I’m pretty sure I hit 26 mph, and, like any car at its limit, it was pretty fun, making those bagel-sized tires squeal and feeling that tall, silly body lean and tilt like a drunk on an escalator.
Already in Europe we’re starting to see some realization that this sort of category is viable; French carmaker Citroën has a cheap, $10,000-ish car called the Ami that is classified under European quadracycle laws, which is essentially a category for low-speed city cars, which make a lot of sense the dense urban landscapes found all over Europe.
The Ami’s speed is limited to 28 mph (I suspect it’s technically capable of more), and it can go about 47 miles on a full charge, both of which are enough for the job it’s designed to do. The more I think about cars like the Changli and the Ami, the more I think they should be far, far more common than they are.
If we want to really change the transportation landscape in a way that’s good for the climate, is less demanding on the difficult rare-earth resources required to make EV batteries (for the resources that go into the battery of one full-range and power EV, you can likely make at least three short-range-use EVs), and yet still preserves so much of the personal transportation freedom that we’ve all grown to expect, then its time to really think about scaling down the sorts of vehicles that we use for all the little drives we do.
And, remember, it’s not a punishment. It’ll be fun. I know, because, again, I’m doing it, in the most minimal, ridiculous way possible.
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Current conditions: Yosemite could get 9 inches of snow between now and Sunday • Temperatures will rise to as high as 104 degrees Fahrenheit in Ashgabat, Turkmenistan, as Central and Southeast Asia continue to bake in a heatwave • Hail, tornadoes, and severe thunderstorms will pummel the U.S. Heartland into early next week.
It was a busy week of earnings calls for the clean energy sector, which, as a whole, saw investment dip by nearly $8 billion in the first three months of the year. Tariffs — especially as they impact the battery supply chain — as well as changes to federal policy under the new administration and electricity demand were the major themes of the week, my colleague Matthew Zeitlin wrote.
Like companies across many different sectors, inverter and battery maker Enphase, turbine manufacturer GE Vernova, Tesla, and the utility NextEra all mentioned the tariffs in their earnings reports and calls. Enphase, for one, is bracing for as much as 8% knocked off its gross margin by the third quarter, while Tesla’s highly-anticipated call managed expectations for the rest of the year, with the company citing the difficulty measuring “the impacts of global trade policy on the automotive and energy supply chains, our cost structure, and demand for durable goods and related services.” Meanwhile, on Thursday, Xcel Energy — which recently reached settlements for its role in the ignition of the most destructive wildfire in Colorado history and the largest wildfire in Texas history — reported missing first-quarter estimates and feeling the squeeze of high interest rates at a time of soaring, data-center-driven electricity demand.
The Department of Justice’s lawyers warned the Department of Transportation that its case against New York City’s congestion pricing program is likely a loser. We know this because someone mistakenly uploaded the DOJ’s memo into the court record for the Metropolitan Transportation Authority’s lawsuit challenging Transportation Secretary Sean Duffy’s actions. Whoops.
As my colleague Emily Pontecorvo reports, the leaked memo was dated before Duffy announced “he would put a moratorium on any new federal approvals for transit projects in Manhattan until the state shut down the tolling program.” But as Emily goes on to say, the memo “warns that continuing down this route could open up both the department and Duffy personally to further probes.” The New York Times adds that the DOT has since replaced the DOJ lawyers who authored the memo and plans to transfer the case to the civil division of the Justice Department in Washington.
More than 100 new cars and vehicles are expected to debut at the 2025 Shanghai Auto Show, which began on Wednesday and runs through next Friday. Of the approximately 1,300 total vehicles on display, 70% are new energy vehicles, according to Gu Chunting, the vice chairman of the Council for the Promotion of International Trade Shanghai, one of the event’s organizers.
The show is already off to an exciting start. Volkswagen is showcasing 50 new models, including three electrified concept vehicles specifically targeted at the Chinese market: the ID. Aura sedan, the ID. Evo SUV, and ID. Era three-row SUV, a hybrid with over 621 miles of range. BYD’s Denza line also premiered its Z, a luxury electric vehicle designed to compete with Tesla and Porsche. “Beauty is in the eye of the beholder, of course, but most people will find the Denza Z to be drop dead gorgeous,” Clean Technica raved.
That’s not all. The Faw Group, a Chinese state-owned car manufacturer, showed off a flying vehicle with a range of 124 miles, while fellow Chinese automaker Changan Automobile announced an autonomous flying car that reportedly already has government approval to transport passengers, per IoT World Today. France’s Le Monde was wowed by China’s innovations all around: “Gone are the days when the vast exhibition space had one hall dedicated to foreign brands and another for Chinese ones. Today, each Chinese group occupies a hall, showcasing domestic brands and leaving only some space for foreigners around the edges.”
Volkswagen
In a private ceremony Thursday night, President Trump signed an executive order to “unleash” deep-sea mining. The order — which directs the secretaries of Interior and Commerce to accelerate “the process of renewing and issuing seabed mineral exploration licenses and commercial recovery permits” for the U.S. Outer Continental Shelf and “areas beyond national jurisdiction”— is an attempt to offset China’s dominance of the critical minerals supply chain. Deep-sea mining operations harvest “nodules” that take millions of years to form and contain minerals like nickel, copper, cobalt, and manganese necessary for lithium-ion batteries for electric vehicles, among other applications. “For too long, we’ve been over reliant on foreign sources, and today this historic announcement marks a big step in the right direction to onshore these resources that are critical to national homeland security,” a senior administration official told reporters on Thursday, as reported by CNN.
Deep-sea mining is controversial due to how little we know about the ocean’s abyss, including the potential impact of large-scale mining operations on marine biodiversity and carbon sequestration. The United States has largely abstained from the deliberations of the United Nations’ International Seabed Authority, which determines whether and how to mine the seabed for critical minerals. The industrial mining of international waters, as cued up by Trump’s executive order, is opposed by “nearly all other nations,” The New York Times writes, and is “likely to provoke an outcry from America’s rivals and allies alike.”
It has already been a tragic year for wildfires, with more than 57,000 acres of Los Angeles and the surrounding hillsides burned in January. Now, AccuWeather is predicting that fires in the U.S. could “rapidly escalate” and burn up to 9 million acres total this year, well above the historic average of 7 million acres and close to the 8.9 million acres that burned in 2024.
Specifically, AccuWeather predicts an extreme fire season in the Northwest, northern Rockies, Southwest, and South Central states, particularly as late summer and fall approach. “There was plenty of rain and snow across Northern California this winter. All of that moisture has supported a lot of lush vegetation growth this spring,” AccuWeather’s lead long-range expert, Paul Pastelok, said. “That grass and brush will dry out and become potential fuel for wildfires this fall,” when any “trigger mechanism … could cause big wildfire problems.”
AccuWeather
Slate Auto, a three-year-old Jeff Bezos-backed startup, has announced an EV truck that will cost less than $20,000 after the federal tax credit and before customization. “It’s the Burger King of trucks,” writes Car and Driver, because “it’s affordable” and “lets customers ‘have it their way’ with a lengthy accessory list, including one that turns this pickup into an SUV.”
Three weeks after “Liberation Day,” Matador Resources says it’s adjusting its ambitions for the year.
America’s oil and gas industry is beginning to pull back on investments in the face of tariffs and immense oil price instability — or at least one oil and gas company is.
While oil and gas executives have been grousing about low prices and inconsistent policy to any reporter (or Federal Reserve Bank) who will listen, there’s been little actual data about how the industry is thinking about what investments to make or not make. That changed on Wednesday when the shale driller Matador Resources reported its first quarter earnings. The company said that it would drop one rig from its fleet of nine, cutting $100 million of capital costs.
“In response to recent commodity price volatility, Matador has decided to adjust its drilling and completion activity for 2025 to provide for more optionality,” the company said in its earnings release.
In February, Matador was projecting that its capital expenditures in 2025 would be between $1.4 and $1.65 billion.This week, it lowered that outlook to $1.3 to $1.55 billion. “We’re very open to and want to have reason to grow again,” Matador’s chief executive Joseph Foran said on the company’s earnings call Thursday. “This is primarily a timing matter. Is this a temporary thing on oil prices? Or is this a new world we live in?”
Mizuho Securities analyst William Janela wrote in a note to clients Thursday morning that, as the first oil exploration and production company to report its earnings this go-round, Matador would be “somewhat of a litmus test for the sector: we don't believe the market was expecting E&Ps to announce activity reductions this soon, but MTDR's update could signal more cuts to come from peers over the next few weeks.”
West Texas Intermediate crude oil prices are currently sitting at just below $63, up from around $60 in the wake of President Donald Trump’s “Liberation Day” tariff announcements. While the current price is off its lows, it’s still well short of the almost $84 a barrel crude prices were at around this time last year.
The price decline could be attributable to any number of factors — macroeconomic uncertainty due to the trade war, production hikes by foreign producers — but whatever the cause, it has made an awkward situation for the Trump administration’s energy strategy.
The iShares U.S. Oil & Gas Exploration & Production ETF, which tracks the American oil and gas exploration industry, is down 9% for the year and more than 13% since “Liberation Day,” while the rest of the market has almost recovered as the Trump administration has indicated it may ease up on some of his more drastic tariff policies.
If other drillers follow Matador’s investment slowdown, it could imperil Trump’s broader energy policy goals.
Trump has both encouraged other countries to produce more oil (and bragged about lower oil prices) while also exhorting American drillers to “drill, baby, drill,”with enticements ranging from kneecapping emissions standards to a reduced regulatory burden.
As Heatmap has written, these goals sit in conflict with each other. Energy executives told the Federal Reserve Bank of Dallas that they need oil prices ranging from $61 to $70 a barrelin order to profitably drill new wells. If prices fall further, “what would happen is ‘Delay, baby, delay,’”Wood Mackenzie analyst Fraser McKay wrote Wednesday. “We now expect global upstream development spend to fall year-on-year for the first time since 2020.”
A $65 per barrel price “dents” margins for drillers, meaning “growth capex and discretionary spend will be delayed,” McKay wrote.
Matador also announced that it had authorized $400 million worth of buybacks, and itsstock price rose some 4% on the earnings announcement, indicating that Wall Street will reward drillers who pull back on drilling and ramp up shareholder payouts.
“We’ve got the tools in the toolbox, including the share repurchase, to make Matador more value quarter by quarter,” Foran said. Rather than “blindly” pouring capital into growth, Matador would aim for a “measured pace,” he explained. “And if you mean what you say about a measured pace, that means when prices get a little lower, you take a few more moments to think about what you’re doing and don’t rush into things.”
At San Francisco Climate Week, everything is normal — until it very much isn’t.
San Francisco Climate Week started off on Monday with an existential bang. Addressing an invite-only crowd at the Exploratorium, a science museum on the city’s waterfront, former vice president and long-time climate advocate Al Gore put the significance and threat of this political moment — and what it means for the climate — in the most extreme terms possible. That is to say, he compared the current administration under President Trump to Nazi Germany.
“I understand very well why it is wrong to compare Adolf Hitler’s Third Reich to any other movement. It was uniquely evil,” Gore conceded before going on: “But there are important lessons from the history of that emergent evil.” Just as German philosophers in the aftermath of World War II found that the Nazis “attacked the very heart of the distinction between true and false,” Gore said, so too is Trump’s administration “trying to create their own preferred version of reality,” in which we can keep burning fossil fuels forever. With his voice rising and gestures increasing in vigor, Gore ended his speech on a crescendo. “We have to protect our future. And if you doubt for one moment, ever, that we as human beings have that capacity to muster sufficient political will to solve this crisis, just remember that political will is itself a renewable resource.”
The crowd went wild. Former House Speaker Nancy Pelosi took the stage and reminded the crowd that Gore has been telling us this for decades — maybe it’s time we listen. But I missed all that. Because just a few miles away, things were getting a little more in the weeds at the somewhat less exclusive venture capital-led panel entitled “The Economics of Climate Tech: Building Resilient, Scalable, and Sustainable Startups.” Here, I learned about a new iron-sodium battery chemistry and innovations in transformers for data centers, microgrids, and EV charging infrastructure.
I heard Tom Chi, founding partner of At One Ventures, utter sentences such as “parity dies because of capex inertia,” referring to the need to make clean tech not only equivalent to but cheaper than fossil-fuels on a unit economics basis. Such is the duality of climate week during the Trump administration — occasionally lofty in both its alarm and its excitement, but more often than not simply business-as-usual, interrupted by bouts of heady doom or motivational proclamations.
Some panels, like the one I moderated on the future of weather forecasting using artificial intelligence, made it a full hour without discussing Trump, tariffs, or tax credits at all. So far, that’s held true for a number of talks on how AI can be a boon to climate tech. It makes sense — the administration is excited about AI, and there’s really no indication that Trump has given any thought to either the positive or negative climate externalities of it.
But rapid data center buildout and the attendant renewables boom that it may (or may not) bring will certainly be influenced by the administration’s fluctuating policies, an issue that was briefly discussed during another panel: “AI x Energy: Gridlocked or Grid Unlocked?” Here, representatives from Softbank, Pacific Gas & Electric, and the data center builder and operator Switch touched on how market uncertainty is making it difficult to procure energy for data centers — and to figure out the cost of building a data center, period.
“There is a lot of refiguring and rereading contracts and looking at the potential exposure to things like the escalation in the cost of steel for construction projects,” Skyler Holloway of Switch said. Pinning down a price on the energy required to power data centers is also a bottleneck, Gillian Clegg, vice president of energy policy and procurement at PG&E explained. “For projects that want to connect between now and 2030, any kind of uncertainty or delay means that the generation doesn't get to the market,” Clegg said. “Maybe the load gets there first, and you have an out of balance situation.”
Everyone acknowledges that uncertainty is bad for business, and that delays related to funding, contracts, and construction can kill otherwise viable companies. But unsurprisingly, nobody here has admitted that said uncertainty might put them out of business, or even deeply in the red.Every panel I attend, I find myself wondering whether a founder or investor is finally going to raise their voice, à la Al Gore, and tell the audience that while their company’s business model is well and good, the Trump administration’s illogical antipathy towards green-coded tech and ill-conceived trade war is throwing the underlying logic — sound as it may have been just a year ago — into disarray.
None of the seven energy, food, and agricultural startups that presented at the nonprofit climate investor Elemental Impact’s main show, for instance, discussed the impacts of the administration’s policies on their businesses. Rather, they maintained a consistently upbeat tone as they described the promise of their concepts — which ranged from harnessing ocean energy to developing plant-based fertilizers to using robotics for electronics recycling — and the momentum building behind them. Nuclear and geothermal companies, seemingly poised to be the clean tech winners of Chris Wright’s Department of Energy, have been especially optimistic this week.
But really, what else can climate tech companies and investors be expected to do right now besides, well, rise and grind? It’s not like anybody has answers as to what’s coming down the policy pike. In a number of more casual conversations this week, a common sentiment I heard was that it’s not necessarily a bad time to be an early-stage startup — keep your head down, focus on research and prototyping, and reassess the political environment when you’re ready to build a pilot or demonstration plant. As for later-stage companies and venture capital firms, they’re likely working to ensure that their business models and portfolios really aren’t dependent on government subsidies, grants, or policies — as they keep assuring me is the case.
Even that might not be enough these days though. Chi said he’s always tailored his investments with At One Ventures towards companies that are viable based on unit economics alone, no subsidies and no green premium. So he wasn’t initially worried about his portfolio when Trump was elected. “None of our business models were invalidated by the election,” he said. “The only way that we could be in trouble is if they mess it up so bad that it ruins all of business, not just climate …”
Oops.
If there’s one dictum that I would expect to hold, though, it’s that the startups that make it through this period will likely be around for the long haul. I’ve been hearing that sentiment since the election, and Mona ElNagger, a partner at Valo Ventures, echoed it once again this week. “Microsoft and Apple were founded in the mid 1970s, which was a time of severe recession and stagflation. Amazon started at the tail end of a big recession in the early 1990s,” ElNagger reminded the audience at the Economics of Climate Tech panel, which she moderated. “Companies that survive and actually thrive in such periods share a common thread of resilience.”
As that panel wrapped up, things got existential once more as Chi’s talk moved from describing his investment thesis to the moment at large. “This time period in history is going to bring us tragedy after tragedy, and it’s really that moment that we’re going to understand the deep underlying structure of half of the world that we’ve built, and also the character of who we are,” Chi told the audience. It was unclear whether we were even talking about climate tech anymore. Chi continued, “It’s in that time period that we are going to step up and become whatever we are meant to be or not at all.”
The crowd sat there, a little stunned. Were we, in this very moment, becoming who we were meant to be? I took a bite of my free sushi as the networking and hobnobbing began.