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#31 | Companies & Global | Lambo electrified, Tesla 4th luxury brand in the US

Lamborghini announces its roadmap for electrification... not saying when it will phase out gas guzzlers, just seems it will. First off they're offering hybridized lineup by 2024, targeting 50% less CO2 emissions by 2025 and investing $1.5B€ ($1.83B). A fully electric Lamborghini will be introduced in the second part of the decade (link).

GM CEO Mary Barra said during a television appearance on CNBC last week (link):

“That tax credit of $7,500 is significant in a purchase decision. We’d like to see (the 200,000 vehicle limit) lifted and let the marketplace decide and not penalize first movers.”

BMW expects sales to be 50% electric by 2030, avoiding more than 200 million tonnes of CO2 by 2030 (link). That's 200,000,000,000 kg or 440,924,524,370 pounds, by the way. Also equivalent to more than 20 times the annual CO2 emissions of a city with over a million inhabitants, like Munich.

Stellantis CEO Carlos Tavares brings important discussions to light - the affordability of EVs (link):

"How do you keep cleaner mobility affordable to have a significant impact on the number of tonnes of CO2 we emit? It's not as simple as having cars on sale: you need people wiling to buy and afford them. If we don’t keep the affordability, we will impact freedom of mobility, which is a major problem for modern democracies.” [...] "If we succeed, there will be no significant social consequences. There’s a high chance we will [succeed] by 2025, but there's lots of hard work we have to deliver by 2025. I'm not sure all car companies will be able to do that to deliver competitiveness.

Toyota aims for 15 EV models by 2025 and becomes climate neutral worldwide by 2050 (link).

BYD celebrates the production of 1,000,000th electrified car, with 550k of them being EVs. Sorry, but I won't be calling hybrids EVs. Also - BYD's electric bus and truck buyers will be eligible for a total of $165M in funds through the California's CARB and HVIP projects (link)

Renault's CEO, Luca De Meo, hasn't written off battery swapping (link):

There is a potential upside by trying to find a safe reliable solution to battery swapping. It's not decided but I see it as an interesting opportunity. From a business point of view there is a [good reason] to separate the battery from the car, especially if you are handling the second and third life of the battery.

I guess De Meo doesn't dwell on the past...  You might have heard of the battery swap company Better Place 2013 crash and burn (link).

VW's first quarter shows a 78% year-over-year increase in electric car sales (not hybrids), totaling 59,900 EVs. Hybrids were still more popular with 73,4k units and 178% increase. VW will also need to buy emissions certificates to meet its emission targets outside of Europe. The CEO, Herbert Diess, said: "These are going down as we ramp up our electric strategy, and in two to three years they should be at zero.” (link)

Tesla was the fourth luxury brand in the US in terms of registrations in Q1 with 71k registrations, right after BMW with 84k, Lexus 80k and Mercedes-Benz 77k (link). I'll give it half a year until Tesla sits at the top. Q3 anyone?

A new International Energy Agency (IEA) report calls for "no investment in new fossil fuel supply and end to sales of ICE cars by 2035" (link).

The Verge dug deeper into the USPS - Oshkosh deal and to the possibility of still turning that fleet electric (link).

California Governor Gavin Newsom proposes $3.2B to boost EV infrastructure and adoption in the state, where half of the budget would go to replace the 1,15k trucks, 1k transit buses and 1k school buses with electric models. (link).

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