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Think the Cybertruck is strange? The Morgan XP-1 would like a word.
The Americanization of electric cars is in full swing, with every U.S. automaker doing what it does best: building ever larger, heavier, and more spacious vehicles. So it's refreshing to see Stellantis, the parent company of Fiat, bringing its first new EV to the States in the form of a reborn 500e.
Fiat
The 500e was beloved when it first landed a decade ago, providing a quick, ultra-compact hatchback that fit the needs of most city and suburban drivers. And given there weren't exactly a lot of small, inexpensive EV options at the time (and incentives were plentiful), you still see them on the road today.
For the new model, Fiat addressed this week some of the issues of its predecessor, with a boost in both power and range thanks to a 42 kWh battery pack that wrings out 149 miles on a charge. The $34,000 price tag may not make it the bargain it used to be, particularly compared to more spacious and long-range options like the Tesla Model 3, which, unlike the 500e, is also eligible for a federal tax credit. But Fiat includes a free Level 2 home charger in the deal, and its 3,000-pound weight and diminutive size make a compelling case for the average commuter.
Plus, when it’s trundling along at low speeds, the 500e's Acoustic Vehicle Alert System (that low hum you hear that's required on EVs) plays a little Italian concerto, "The Sound of 500."
If that's not enough personality for you, one of the most storied British sports car brands, Morgan, unveiled Wednesday an electric update to its iconic three-wheeler. With a 33kWh battery pack mounted in the front and an electric motor putting out 134 horsepower to the rear wheel — singular — the XP-1 is a glimpse of the ultimate electric urban runabout.
Meet XP-1, Morgan's Electric Experimental Prototypeyoutu.be
Completely developed in house by Morgan, it's the company's first serious foray into electric motoring, with an aim to get about 100 miles on a charge. At just over 1,500 pounds, the XP-1 is a scant 130 pounds heavier than its internal combustion counterpart, providing the kind of performance and raw driving experience Morgan is known for. Granted, the lack of a roof limits its four-season functionality, but no one has ever accused a Morgan of being sensible.
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CEO Mark Zuckerberg confirmed the company’s expanding ambitions in a Threads post on Monday.
Meta is going big to power its ever-expanding artificial intelligence ambitions. It’s not just spending hundreds of millions of dollars luring engineers and executives from other top AI labs (including reportedly hundreds of millions of dollars for one engineer alone), but also investing hundreds of billions of dollars for data centers at the multi-gigawatt scale.
“Meta is on track to be the first lab to bring a 1GW+ supercluster online,” Meta founder and chief executive Mark Zuckerberg wrote on the company’s Threads platform Monday, confirming a recent report by the semiconductor and artificial intelligence research service Semianalysis that
That first gigawatt-level project, Semianalysis wrote, will be a data center in New Albany, Ohio, called Prometheus, due to be online in 2026, Ashley Settle, a Meta spokesperson, confirmed to me. Ohio — and New Albany specifically — is the home of several large data center projects, including an existing Meta facility.
At the end of last year, Zuckerberg said that a datacenter project in Northeast Louisiana, now publicly known as Hyperion, would take 2 gigawatts of electricity; in his post on Monday, he said it could eventually be as large as 5 gigawatts. To get a sense of the scale we’re talking about, a new, large nuclear reactor has about a gigawatt of capacity, while a newly built natural gas plant could supply only around 500 megawatts.
As one could perhaps infer from the fact that their size is quoted in gigawatts instead of square feet or number of GPUs, whether or not these data centers get built comes down to the ability to power them.
Citing information from the natural gas company Williams, Semianalysis reported that Meta “went full Elon mode” for the New Albany datacenter, i.e. is installed its own natural gas infrastructure. Specifically, Williams is building two 200-megawatt facilities, according to the gas developer and Semianalysis, for the Ohio project. (Williams did not immediately respond to a Heatmap request for comment.)
Does this mean Meta is violating its commitments to reach net zero? While the data center buildout may make those goals more difficult to achieve, Meta is still investing in new renewables even as it’s also bringing new gas online. Late last month, the company announced that it was procuring almost 800 new megawatts of renewables from projects to be built by Invenergy, including over 400 megawatts of solar in Ohio, roughly matching the on-site generation from the Prometheus project.
But there’s more to a data center’s climate footprint than what a big tech company does — or does not — build on site.
The Louisiana project, Hyperion, will also be served by new natural gas and renewables added to the grid. Entergy, the local utility, has proposed 1.5 gigawatts of natural gas generation near the Meta site and over 2 gigawatts of new natural gas in total, with another plant in the southern part of the state to help balance the addition of significant new load. In December, when the data center was announced, Meta said that it planned to “bring at least 1,500 megawatts of new renewable energy to the grid.” Entergy did not immediately respond to a Heatmap request for comment on its plans for the Hyperion project.
“Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher. I'm looking forward to working with the top researchers to advance the frontier!” Zuckerberg wrote.
“I believe the tariff on copper — we’re going to make it 50%.”
President Trump announced Tuesday during a cabinet meeting that he plans to impose a hefty tax on U.S. copper imports.
“I believe the tariff on copper — we’re going to make it 50%,” he told reporters.
Copper traders and producers have anticipated tariffs on copper since Trump announced in February that his administration would investigate the national security implications of copper imports, calling the metal an “essential material for national security, economic strength, and industrial resilience.”
Trump has already imposed tariffs for similarly strategically and economically important metals such as steel and aluminum. The process for imposing these tariffs under section 232 of the Trade Expansion Act of 1962 involves a finding by the Secretary of Commerce that the product being tariffed is essential to national security, and thus that the United States should be able to supply it on its own.
Copper has been referred to as the “metal of electrification” because of its centrality to a broad array of electrical technologies, including transmission lines, batteries, and electric motors. Electric vehicles contain around 180 pounds of copper on average. “Copper, scrap copper, and copper’s derivative products play a vital role in defense applications, infrastructure, and emerging technologies, including clean energy, electric vehicles, and advanced electronics,” the White House said in February.
Copper prices had risen around 25% this year through Monday. Prices for copper futures jumped by as much as 17% after the tariff announcement and are currently trading at around $5.50 a pound.
The tariffs, when implemented, could provide renewed impetus to expand copper mining in the United States. But tariffs can happen in a matter of months. A copper mine takes years to open — and that’s if investors decide to put the money toward the project in the first place. Congress took a swipe at the electric vehicle market in the U.S. last week, extinguishing subsidies for both consumers and manufacturers as part of the One Big Beautiful Bill Act. That will undoubtedly shrink domestic demand for EV inputs like copper, which could make investors nervous about sinking years and dollars into new or expanded copper mines.
Even if the Trump administration succeeds in its efforts to accelerate permitting for and construction of new copper mines, the copper will need to be smelted and refined before it can be used, and China dominates the copper smelting and refining industry.
The U.S. produced just over 1.1 million tons of copper in 2023, with 850,000 tons being mined from ore and the balance recycled from scrap, according to United States Geological Survey data. It imported almost 900,000 tons.
With the prospect of tariffs driving up prices for domestically mined ore, the immediate beneficiaries are those who already have mines. Shares in Freeport-McMoRan, which operates seven copper mines in Arizona and New Mexico, were up over 4.5% in afternoon trading Tuesday.
“We had enough assurance that the president was going to deal with them.”
A member of the House Freedom Caucus said Wednesday that he voted to advance President Trump’s “big, beautiful bill” after receiving assurances that Trump would “deal” with the Inflation Reduction Act’s clean energy tax credits – raising the specter that Trump could try to go further than the megabill to stop usage of the credits.
Representative Ralph Norman, a Republican of North Carolina, said that while IRA tax credits were once a sticking point for him, after meeting with Trump “we had enough assurance that the president was going to deal with them in his own way,” he told Eric Garcia, the Washington bureau chief of The Independent. Norman specifically cited tax credits for wind and solar energy projects, which the Senate version would phase out more slowly than House Republicans had wanted.
It’s not entirely clear what the president could do to unilaterally “deal with” tax credits already codified into law. Norman declined to answer direct questions from reporters about whether GOP holdouts like himself were seeking an executive order on the matter. But another Republican holdout on the bill, Representative Chip Roy of Texas, told reporters Wednesday that his vote was also conditional on blocking IRA “subsidies.”
“If the subsidies will flow, we’re not gonna be able to get there. If the subsidies are not gonna flow, then there might be a path," he said, according to Jake Sherman of Punchbowl News.
As of publication, Roy has still not voted on the rule that would allow the bill to proceed to the floor — one of only eight Republicans yet to formally weigh in. House Speaker Mike Johnson says he’ll, “keep the vote open for as long as it takes,” as President Trump aims to sign the giant tax package by the July 4th holiday. Norman voted to let the bill proceed to debate, and will reportedly now vote yes on it too.
Earlier Wednesday, Norman said he was “getting a handle on” whether his various misgivings could be handled by Trump via executive orders or through promises of future legislation. According to CNN, the congressman later said, “We got clarification on what’s going to be enforced. We got clarification on how the IRAs were going to be dealt with. We got clarification on the tax cuts — and still we’ll be meeting tomorrow on the specifics of it.”
Neither Norman nor Roy’s press offices responded to a request for comment.