The Current : Weekly EV News Ep#12 May 26, 2024
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- Опубліковано 25 тра 2024
- Join Miss GoElectric for the latest episode of her weekly EV and electrification news series called "The Current". In this episode she will summarize developments in the EV space including:
00:30 Introduction
01:31 Redwood Materials x Ultium Cells
04:11 Tesla Semi Update & Impact Report
06:39 Kia EV3 Premiere
07:33 Alpine US Plans Defined
09:07 Nissan & VW EV Delays
10:32 Gravity Curbside Charging
11:39 Porsche Battery Investment
12:15 2024 Ford Mustang Mach E 0% APR & More!
12:39 Lightship L1 Factory Tour
13:01 Electrify Expo Industry Day Appearance
13:36 Outro
RELEVANT LINKS:
Lightship L1 Manufacturing Facility Tour
• Lightship L1 Factory T...
Miss GoElectric will be a panelist at:
Electrify Expo Industry Day May 31 Long Beach, CA
25% off CODE: EE24MSGO25
t.co/VMjfBdtrFN
Redwood Materials x Ultium Cells
www.redwoodmaterials.com/news...
Tesla Semi Updates
www.prnewswire.com/news-relea...
Tesla 2023 Impact Report
www.tesla.com/impact
Kia EV3 Premiere
• [LIVESTREAM] The Kia E...
www.kianewscenter.com/news/al...
Alpine US Plans
carbuzz.com/renault-ceo-revea...
Nissan Delays
www.electrive.com/2024/05/22/...
VW Delays
insideevs.com/news/720508/202....
Gravity Curbside Charging
www.prnewswire.com/news-relea...
Porsche Ventures Battery Investment
www.electrive.com/2024/05/23/...
2024 Mustang Mach E 0%APR
electrek.co/2024/05/23/ford-s...
It is springtime and we hope you'll check out our eBike reviews before you make a decision. We've got a whole channel for that: @MissGoElectricRideReviews
A great start is our "Complete eBike Buying Guide": • Exploring the Categori...
Thanks for watching!
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/ missgoelectric
Daily electrification updates
Other Miss GoElectric Channels:
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eBikes and eMobility Reviews, Previews, and News
/ @missgoelectricindustry
Factory Tours, Business Coverage, Interviews with Leaders
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Fun photos behind the scenes and at public appearances
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Event invitations and community
This episode is also available on Spotify! open.spotify.com/show/2mlnkLl...
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I don't want a gas car!! I love my EVs and won't go back!!
On this channel, we do not cover any vehicle with a gas tank or exhaust pipe. -Producer Tim
I look forward to watching this channel’s latest weekly video every weekend. Go MissGoElectric, your continually updating us with factual information.
Thank you for joining us weekly and for taking the time to leave these encouraging words. If this show's viewership increases, we can continue producing it. We hope you'll consider sharing it online so that others might find value in it as well. -Producer Tim
I agree with others praising your approach to this info. Nicely done!
We hope you'll subscribe and share this video online. If viewership increases each week, we will keep producing these. -Producer Tim
Gas stations, government owned spaces and hotels need to have EV chargers too. This will solve lack of chargers in places with limited chargers. States can mandate this. Ty
We have covered the NEVI funding and rollout progress in several previous episodes of The Current and we'll provide more updates in the future. That initiative will result in several hundred thousand new high-speed EV charging stations installed within the next couple of years. You can learn more here:
driveelectric.gov/news/nevi-progress-update
We hope you'll subscribe to our channels and join us again next week.
-Producer Tim
@@MissGoElectric Let's see if they keep them in operation!
They are required by law to do so. That is part of the deal when private corpirations accept taxpayer dollars to build these stations. -Producer Tim
Nice to have a 10 min review of weekly EV news. The coverage of Redwood Materials and the various battery plants they will be recycling scrap for was informative and interesting to me. Thanks.
Thank you for tuning in! We'll try to select the weekly stories or angles which are most likely to be of value to you. If you share this video link, it could help us find an audience large enough to sustain this series.
-Producer Tim
Love my GM blazer EV best car I bought
We think Blazer and Equinox EVs will serve the needs of many buyers well. Thank you for sharing!
Do you remember when GM CEO Mary Barra commented on Miss GoElectric's Tweet on the subject?
x.com/mtbarra/status/1570769066746597376
-Producer Tim
Ms. G.E. - Great rundown for the latest news. Make no mistake, THIS IS A TRACK MEET NOW, and the starting-gun fired a few years ago. The obvious SURVIVORS heard the signal to get a-goin’, and several others “scratched” from the race. For those following this fascinating drama in some detail, the competitors delaying entry need to chose another sport, besides track. We are witnessing panic, massive debt, non-bespoke EV Models, and poor decisions based on “OLD ways” in an unforgiving era. Nissan is unlikely to survive, Stellantis will shrink, Ford delay vs. GM ‘24 roll-outs . . . Toyota resistance to EVs, and uncompetitive models. . . not pretty. 😬😱
“Too Big to fail?” No longer a thing. Stay tuned. 👊🔋
The tariffs we talked about last week seemed feels, to some, a bit like the US auto bailouts of the past. Combined with hundreds of billions of dollars in grants and subsidies for American automakers, some think "too big to fail" is alive and well.
China has gone from over 500 EV automakers a few years ago to less than 100 today. We agree with you that there are many half-hearted EVs available today and there appear to be several more in the pipeline from a few American and European automakers. We will stay tuned.
Thank you for sharing your perspective here in the comments section. -Producer Tim
@@MissGoElectricFewer automakers in China now, but a lot more really good EVs. Over the next six or seven years, probably at least three Chinese automakers will move into positions on the global top ten.
They will push aside Honda and Nissan, Mercedes and BMW. Although at least BMW seems positioned to survive.
Agreed.
Thanks for another informative show !
Thank you for watching and commenting. -Producer Tim
I want one!
One what? -Producer Tim
EV3
💯 They look good!
Always find your videos valuable...thank you!
We love our EV's and have 0 plans to ever buy another ICE vehicle! We average 60,000 km per year on our primary vehicle (2022 Ioniq5 AWD Ultimate) and about 10,000 km on our 2nd EV (2017 Nissan Leaf) we love both of them. Trouble free, very inexpensive to operate and great to drive.
We do a lot of long range road trips in the I5 (longest so far 14,648 km) and have no issues getting the car charged. The existing infrastructure has weak areas but we see it getting better every day.
Exciting to see whats on the horizon for EV's in the future!
Cheers
Mike and Ally 🇨🇦
Thank you Mike and Ally for sharing your personal experience and joining us for another episode of The Current. We hope to see you here again next week.
Do you two have eBikes as well? Did you know that we also have an eMobility channel with nearly 100 eBike reviews??
youtube.com/@missgoelectricridereviews
-Producer Tim
You do a really good job with ev news🎉
Thank you for your compliment. Will you consider sharing the link to this video? If viewership grows, we can keep making these weekly. -Producer Tim
Looking forward to podcast version of this great update
The podcast version of this series exists on Spotify here:
open.spotify.com/show/2mlnkLlJoJ9cEJrIca1B6h?si=de25a2c7f2de427e
Thank you for watching and we hope you'll consider sharing this segment so we can reach a larger audience and continue producing The Current.
-Producer Tim
So I was told by A2z ev company , the reason GM is still have not got access to to Tesla superchargers is because of the GM still working on software update for supercharger access.
That sounds about right. Thanks for sharing your inside scoop. -Producer Tim
Probably ten lines of code, but they want to monetize it somehow.
For battery tech, I am looking forward to what CATL is bringing to EV's based on Enhanced LFP tech with excellent charging speed and still offering excellent safety of the LFP tech. Hoping Tesla will adopt this with their new battery plant that they are acquiring CATL equipment and licencing.
CATL is the biggest player and their next generation cells have been part of our reporting on this channel. We look forward to seeing them hit the market.
Along with BYD and Panasonic, CATL is a Tesla supplier and we know they'll use the best batteries with the right price and characteristics regardless of the supplier.
-Producer Tim
Nice work on the episode!
We appreciate your support. Please consider sharing the link and help the series find an audience so we can continue producing it. -Producer Tim
Kia doing big things. Nissan frustrating me with this constant pushing back of new EV models. I will just go to the UK to acquire a new EV from Nissan. Great video and work as always, Much Respect.
Thank you for your compliment! We hope you'll consider sharing The Current so we can find a large enough audience to continue producing it.
BTW speaking of Kia...did you see our video on the Platform Beyond Vehicle?
ua-cam.com/video/cUO8MX_UASU/v-deo.html
-Producer Tim
I think the EV3 is going to be very popular! It looks to have all the bits to make a great car. Meanwhile I’d love an ID7 wagon. Apparently VW has halted exports because local demand in Europe is so strong. 😊
VW Is not doing well with EVs over there these days. Thank you for commenting!
insideevs.com/news/715911/volkswagen-group-ev-sales-2024q1/
-Producer Tim
If they actually sell the sub $40k ver of the ev3 in the US that would be great for the EV market.
The Chinese-built Volvo EX30 promised to do that, but with the new 100% tariff, we might be waiting for South Korean EVs to lead the charge. Thanks for commenting! -Producer Tim
Lots of teslaficionado news this week. I'm curious to know how the EV3 shoehorns 4 kWh more into its E-GMP pack than in my Ioniq 5. Improved chemistry? Two more modules? I was hoping you'd report on why GM has now deleted part no. 85090442 (its J3400 adapter) from its parts store: the Supercharger firings have undermined the transition? Have a fun time at Industry Day. I'm sure you'll wow them with your presentation.
Tesla's impact report confirmed that 5.9 million applicants sought employment with Tesla in 2023 alone. We don't think they've had a tough time filling needed roles within the supercharging network. Factors behind the scenes regarding compatibility for third party automakers and the Tesla Supercharging network are numerous. Ford representatives said it took a lot of work on their side to get it done. Is GM dedicating the required resources to ensure their vehicles have software? Does GM have some technological inconsistencies or limitations which are uniquely challenging? We know their battery platform, charging curves, and software development have been sources of trouble. It could be a strategy change or a pricing negotiation problem. Or, as you suggest, it could be a limitation at Tesla due to the personnel shakeup in that department. We think it is unlikely Tesla will stop with only Ford and Rivian having access.
Electrify Expo is a fun time. Miss GoElectric hosted an industry event there last year as well. We look forward to this discussion on stage regarding the Tesla Supercharging network and its impact on the industry.
As always, thank you for your thoughtful comments and for your viewership. -Producer Tim
Nissan and VW need might benefit from customers leaving down-payments on what they want instead of listening to general marketing trends. As always, great show!!!🎉
It looks like both of these changes revolve around avoiding sedans and focusing on SUVs. Could it be that we'll have "too many" EV SUVs in a couple of years?
Thank you for watching and commenting. -Producer Tim
👍🏼
Thanks for watching and commenting. -Producer Tim
Government should start by removing all tariffs associated with home solar. Streamline approval procedures for all forms of solar and charging installation.
The tariffs are there to protect gas and oil by ruining the economics of home solar.
We agree with you. -Producer Tim
Absolutely
Good review! I look forward to the new one each week. When the KIA EV3 comes to the US I will be looking closely at it. May wait a year or so to see the reliability history before buying.
Remember, the eGMP platform underpins hundreds of thousands of EVs on the road today.
Thanks for watching and commenting. -Producer Tim
www.hyundai.com/worldwide/en/brand-journal/ioniq/e-gmp-revolution
I suspect Nissan is delaying US EV production because they have clearly adopted the US automakers priority for service center profits. As example, Nissan ICE automatic transmissions are not serviceable, they can one be replaced with prices nearing $12000!
Nissan appears to have delayed the sedans. The 5 SUV EVs are on track, or perhaps bumped up a bit.
Your point is valid, though. EVs cost much less to maintain which always results in lower revenue for service departments. Tesla, as an example, does not profit by the service centers. Traditional franchise dealerships typically realize about 50% of total profits from the service centers. Traditional automakers also realize significant percentages of their profit from service related revenues.
-Producer Tim
Very nice job. It seems that most ev makers are pulling back.
Some. Did you notice Nissan 2nd reason for pulling back was the need to develop a more compelling EV. Was not in these words but it is how I read it and feel it is why automakers not making it in the EV market are pulling back.
Interest rates are a factor, but we look at the dozens of massive factories currently under construction and see a possible tidal wave of EV production coming online in 2026. When the dust settled on all of the action started 2020-2023, those with a bird's eye view probably did a bit of supply VS demand extrapolation and realized the industry collectively overshot. Thank you for your compliment and we hope to see you again next week. -Producer Tim
Yeah some manufacturers are scaling back a bit but market demand for vehicles in general is slowing a bit. No need to panic, manufacturers have to find their way and work to build appropriate vehicles for the market.
It is complicated and the way forward will have lots of twists and turns. As for us we will only drive electric as we have for several years now!
The speed of the transition is slowing slightly. But the industry is definitely continuing on the path to full EV.
There’s a technology where batteries can use sand to store energy…perhaps this could bring the battery cost down??
We've seen stationary storage using sand. Are there mobile applications? -Producer Tim
They store energy as high temperature sand for space heating or process heat, not as electricity. So, kind of useless for vehicles.
With Kia EV3 coming in 2025 in US, Rivian better get their R2 out as fast as possible.
There are many, many entrants inbound to that category. -Producer Tim
Thanks for the rundown on the EV news. I think it is worthwhile to note that when the legacy auto makers starting having trouble selling their EV’s in any great numbers, the narrative in the media quickly pivoted to there’s just a “lack of demand” and the charging infrastructure is contributing to “range anxiety”. Repeat this over and over to create FUD in the public and ICE cars can continue to be the main product being sold…it’s a self fulfilling prophecy. The acceleration of growth may be slowing but EV’s continue to capture market share (mostly Tesla in the US), and the Chinese are now set to completely disrupt the market. Rather than commit to helping Tesla build out the charging network or plan for the future they have scaled back their plans but sheepishly still maintain their commitment to building EV’s in “the future”. Doesn’t seem like a winning strategy and it appears that the legacy brands will continue to lose ground.
The delays we've talked about in this segment are related to three sedans. Regardless of powertrain, sedans don't seem to be very popular in the US.
Tesla has ramped Model 3 and Model Y production capacity to the point where they *are capable of* producing 2x the EVs they made last year. At this point, it looks like their sales will limit them to, perhaps 1.2x production. At the moment, their supply greatly outpaces the demand.
American legacy automakers have it worse due to greater friction throughout franchise dealership distribution networks, labor agreements, and greater reliance on suppliers.
The 100% Chinese EV import tariff we reported on in last week's episode will likely continue to keep Chinese automakers out. In fact, we suspect it could stop the Chinese EVs we already have from coming in. Examples include Polestar 2, Volvo XC40, and the Lotus Eletre.
In good news, there are hundreds of thousands of fast EV charging stations on their way through the NEVI program. Battery cell prices continue to drop, which means greater range is possible without raising prices.
Thank you for commenting!
-Producer Tim
@@MissGoElectric I know that the EU is thinking about tariffs but interestingly the European auto makers are very afraid of possible Chinese retaliation in that the Chinese market is very big for brands such as VW. I believe the Chinese will first target the European market, but I do wonder what the American consumer will think when inexpensive and reliable Chinese brands come on the scene but will be excluded from the buying choice in the US.
I've had an EV for several years now and Tesla for the last 4 years. I never thought that for the VAST majority of my driving the infrastructure was a problem but I do charge at home. Though the infrastructure can certainly improve, I do think the problem is primarily seen from a "glass half empty" point of view. Thanks again.
I heard "EV slow down" reported in january, the year just got started
We report on these trends weekly, on a granular level. -Producer Tim
Sounds like plenty of companies misreading the market. EVs are selling. Companies having trouble selling theirs need a better product, not delays. Where’s the BEV Quest? The BEV Sienna?
The delays mentioned in this segment are specifically related to sedans. We suspect the maneuvers might have been wise. As you have pointed out, there are many form factors which have yet to GoElectric and we also welcome more variety. -Producer Tim
I’m extremely disappointed with numerous EV brands delaying EV development & launch of new models in USA. It is contagious across all brands and impacts new charging sites as well. Insufficient charging infrastructure is one of reasons EV sales have slowed down.
What will it take to avoid an EV downward spiral.
There's no downward spiral. The foot is on the accelerator pedal, but has eased off the speed a little bit.
The industry went from going about 5 miles an hour towards full EV, to suddenly smashing the pedal and going 95 miles an hour. They've all (mostly) decided they can't handle 95 miles an hour, so they've backed off to 50.
Now, if they had just gone from 5mph to 50mph, the story would be: EV transition speeds up 10x!!!
Instead, the story is being spun like it's a death spiral -- which is definitely not the case. The companies are now cruising at a more comfortable speed.
The question is, at this pace, can they survive the competition from China? Well, those companies may have to slow down a little bit also, so a lot remains to be seen.
@@davidmenasco5743 David, agree with you fully. Your analogy using speed makes good sense, but the naysayers are so loud. Sadly, if it bleeds, it reads.
The delays in this segment are specifically related to sedans. It might be a smart correction for the companies named. That said, we have reported on dozens of EV and battery factories being built in the US right now. The supply coming online in 2026 will probably be overwhelming. -Producer Tim
@@MissGoElectric I just sold my last ICE car which was a convertible. 2026 is too long to wait for an EV convertible. There are too many SUV’s on the road so please give us some other style.
The VW ID.BUZZ will bring us EV minivan and there are several great pickup trucks now. BMW and Mercedes have some solid sport and luxury sedan options, too. Genesis and Polestar are bringing convertibles, but they'll be expensive and are more than a year out. It is too bad we wont get the MG Cyberster here in the USA. The only new EV convertible on the US market right now is the Hummer EV.
We covered the upcoming Mini last month. It is not a convertible but it does look like a lot of fun: ua-cam.com/video/FQp1l0gjkcs/v-deo.html
-Producer Tim
US market needs a $30K msrp EV not made in China.
There are several EVs matching that description right now. Now that the $7500 federal incentive is taken at the point of sale rather than a tax credit in the future, affordability is better than most people think.
www.cnet.com/roadshow/news/the-most-affordable-electric-cars/
-Producer Tim
The EV market is going to get crowded in the next few years. And with more of them having the J3400 standard charge port competition is going to get real. EVs are going to go from luxury only to the only affordable cars. Having a gas car will be a "display of wealth" because it shows you can afford it.
Indeed, we are in exciting times.
Mate Rimac seems to agree with the second half of your statement based on his recent remarks on the topic. We think owning the *best* vehicles will continue to be the habit of wealthy people.
Wealthy people will continue to own horses and combustion vehicles, but we think they'll daily drive the smoothest, quietest, quickest, and most reliable, and longest range options. The most luxurious EVs win in every category. -Producer Tim
I prefer RWD.
Many do.
Thanks for viewing and commenting.
-Producer Tim
Delays in the market are bad. I don't believe their promise to keep to their goals.
In these cases, the delays are specifically aimed at SEDANS. In recent weeks, have reported on over 20 massive EV and battery factories in construction in the US. With *SO* much production coming online by 2026, we suspect automakers are realizing that the US Auto industry may be headed for an EV oversupply problem. -Producer Tim
@@MissGoElectric I think the multiplying factories are due to the tax rebates (or how you call them) for American made cars, thus all manufacturers realized they have to produce them in the USA. Am I on the right track?
Most of these factories were announced before battery and point of sale credits were announced. That said, lobbying happened for years before policy was officially announced. -Producer Tim
@@MissGoElectric So they could be intertwined and the theory could be right. They announced because the direction (lobbying) was well known. Thanks!
I suspect the unstated reason to delay EV rollouts and investments is due to the fact we are in an election year. Trump has promised to reverse the IRA. If that were to occur auto manufacturers will want to pull back. The Auto market is soft anyway so being cautious seems to be the approach several automakers are taking. The downside of pausing is probably quite small while the upside could be significant should the IRA be reversed.
Uncertainty around policy is definitely a factor for corporations considering large capital expenditures. Thank you for watching and sharing your views. -Producer Tim
If they roll back the incentives, everybody will switch to Chinese parts, and imports will not be at a disadvantage over USA cars. .
@@jamesvandamme7786 It will be a cluster foxtrot for sure if the incentives are rolled back.
Not sure the EV 3 is a better car than the Kona EV
Have you had a look at the feature set side-by-side?? How about the range and charging rate? -Producer Tim
The so called BID THREE need to step up are move over
They are about to face competition unlike they've ever seen. -Producer Tim
I like your work, but, I wish you’d put it all on a single UA-cam channel. I don’t understand why you make folks bounce around between channels to find your work.
For years it was all on one channel. As the channel grew, each new video would result in many viewers unsubscribing. The channel growth was stunted by this situation.
Here is why:
UA-cam suggests our latest video to subscribers when they log in. If someone subscribed because they liked an EV review we did and they see a CEO interview or an eBike they would leave the channel because it doesn't match their interests.
We split the channel which allows viewers to subscribe to only what they want.
We love everything related to electrification, but most viewers only want some elements. @MissGoElectric holds the mainstream stuff. @MissGoElectricRideReviews holds the in-depth eMobility work. @MissGoElectricIndustry is where we publish content which appeals mostly to investors and industry insiders.
-Producer Tim