| Weekly #33 |
I feel frunky today. Not sure if it's a good or a bad thing.
⚡🚗 at the subject line will now show you it's the Friday edition covering EV makers, models and global EV stuff.
Next e-mail featuring Charging, Batteries and Mining, drops on Monday.
US electric car sales might get a boost 🚀
The "Clean Energy for America" bill, which advanced in the U.S. Senate Finance Committee on a 14-14 tie vote, proposes (link):
- The regular $7,500 tax credit for EVs and
+ $2,500 if the EV is assembled in US,+ another $2,500 if the workers of the production facilities are unionized. (GM would fall under this category, Tesla and VW would not).
- To be limited to EVs up to $80,000 retail price.
- To remove the credit caps for the automakers, currently at 200k, which both GM and Tesla have already reached.
- To be phased out once US reaches 50% of new vehicle sales are EVs.
The bill must still be approved by the full Senate and U.S. House of Representatives and is expected to cost ~$31.6B through 2031. The $31.6B would eat up around 18% of Biden's $174B infrastructure proposal.
The bill might also be stripped for elements and incorporated to a larger economic package later this year, so we'll see what sticks.
Here is the link to the original document: (pdf).
Jaan's rant: As you know, I'm not a big fan of subsidies as a market manipulation. But to be fair, the fossil industry is subsidized waaaaay more: $5.2 trillion or 6.5% of the Global GDP in 2017 for example. Thus, I'm down with some correction for the early days. If you 'print' all that money, it really is best to direct it into the infrastructure (charging) and the green transformation of industries (fossil cars -> EV production).
‣ Meanwhile, the Belgium government took the planned 2026 ban of fossil cars off the table and advanced the bill that offer several tax advantages for companies switching to EV (link):
- From 2026, only zero-emission company cars will benefit from tax advantages.
- New electric cars are to be 100 per cent tax-deductible from 2026. In the years thereafter, the tax deductibility will gradually decrease to 67.5 per cent in 2031.
- Company cars with combustion engines purchased between 1 July 2023 and 31 December 2025 are to gradually lose their tax deductibility.
‣ Greenpeace stole hundreds of keys from the VW vehicles at the loading port in Emden, Germany, and brought them on the Schneeerner glacier on the Zugspitze (GP tweet), a site particularly affected by climate change. Greenpeace says VW is not fast enough in electrification and calls for a discussion (link).
‣ The Russian government plans to invest ~$10.5B to support the development of battery and hydrogen vehicles by 2030. The goals are to have 1.5M EVs and 20k charging stations by then (link). Only 687 EVs were sold in Russia in 2020, so we've got a long way to go.
Since we haven't for a while, let's take a look at the EV numbers in April and year-to-date.
The registrations of electric vehicles globally (as usual, we don't count hybrids here) have increased 235% to 251,000 units in April. According to EV-sales (link), this is the top 5:
- 29,251 Wuling HongGuang Mini EV (126k YTD)
- 16,232 Tesla Model Y (72k YTD)
- 14,980 Tesla Model 3 (142k YTD)
- 10,318 VW ID.4 (18k YTD)
- 5,941 VW ID.3 (18k YTD)
Just for fun, I dug up what was the sitrep same time last year:
- 11,761 Tesla Model 3 (86k YTD)
- 5,096 BYD Qin Pro EV (13k YTD)
- 3,836 VW e-Golf (15k YTD)
- 3,586 GAC Aion S (11k YTD)
- 2,118 Renault Zoe (23k YTD)
Of course, last year's results might have been distorted by the you-know-what, but the picture is quite different, isn't it?
We live in turbulent times.
‣ Hyundai will use the 135 kW integrated drive module (iDM) from BorgWarner in its small EVs from mid-2023 (link).
‣ Is Tesla the only automaker that knows everything about your car? When removing the lumbar feature in front passenger seat of Model 3 and Y, he claims its "not worth cost/mass for everyone when almost never used" (tweet). I kind of love that they have the log for the usage. I'd assume most automakers are just guessing.
Related: Tesla released an update for Model 3 and Y, activating its in-car camera to 'detect and alert driver inattentiveness while Autopilot is engaged'. The data will remain in a closed system unless the data sharing in the car is enabled (tweet).
Couldn't-wait-till-Wednesday $TSLA tidbit: the stock was down 5.33% yesterday, most likely due to an article of The Information, claiming Tesla's orders in May fell by nearly half compared to April (link). Perspective: our stock tracker (link) says TSLA is down 36.4% from it's 52-week high, while the average EV maker is down 57.09%.
‣ Nissan COO Ashwani Gupta sees the Euro 7 regulations that will be introduced around 2025 influencing its EV plan (link):
For us, the cost of developing Euro 7 is more than developing EVs, and as a result, the tipping point in Europe will come sooner [than 2030]. Maybe we don’t wait until 2030 because customers go for 100% electrification in Europe by 2026. Our job is to bring a competitive electric car in terms of cost and performance to the customer, and then the customer will decide.
‣ About half of the Hyundai Motor Group (Hyundai, Kia, Genesis) models might be under question now, as the group plans to free up resources for investments in electric cars - per sources to Reuters (link).
‣ Ford challenges Britain's smallest town with 380 inhabitants, suitably called Fordwich, to go electric after research shows rural and small towns don't really want to. (link)
Brought to you by 'things said in an EV and in the bedroom':
"Wow, that's fast!"
‣ Rimac has now launched Nevera, the production version of the Concept_Two (that we covered in #28). The CEO Mate Rimac says:
This is it. This is the car I had in mind when I embarked on the ‘impossible’ journey ten years ago. All our hard work has resulted in the Nevera – our record-breaking hypercar. This car was born to outperform, and to raise the bar, redefining the norm for performance cars.
In the previous coverage, we said its unofficial 2.33s 0-60mph that we saw on video was nuts. The specs now put it at 1.85 seconds! The quarter-mile is achieved in 9.1 seconds with a top speed of 258 mph (415 km/h). It will feature a 120kWh battery pack with an improved cooling system, so drivers could use peak power for longer. Speed isn't all this car is, obviously, but it is darn fast. The production is of course limited, with 150 units ever made and more than a €2M ($2.4M) price tag.
‣ While we're on the topic of fast cars, Jay Leno confirmed Tesla's Model S Plaid did 1/4 mile time of 9.23 seconds at Bakersfield Drag Strip, via Teslarati (link). The difference is - the Model S plaid is a family four-door sedan with a starting price of $115k.
‣ Rivian postpones the first deliveries of the R1T pickup by several weeks, expected to start in July now (link). Rivian also added Off-Road Upgrade as an option for preorder holders and lets you choose your Rivian Adventure Gear in the configurator.
It's HOW they added the off-road upgrade that I like. At the start, it was included in the base price. Realizing from feedback that not all will use the extreme off-roading capabilities, the company REDUCED the base price by $2,000 to everyone and then added the option to add the feature for $2k. Wholesome. I love it when companies have sense of mission.
‣ Rolls-Royce confirms the development of the first EV model, called Silent Shadow (link).
‣ Ford is already building more electric Mustangs than fossil ones, 27,8k vs 26,1k units so far this year. It might be because the semiconductor chip shortage though, as Ford prioritizes launch models (link).
👀 What I'm watching:
Marques Brownlee (MKBHD) gets to check out the F150 Lightning:
And a Tesla M3 was crushed by concrete blocks falling from a truck. Passengers virtually unharmed (video).
PSLAVI, the hyper-realistic CGI maker, launched a simulated race between the Standard Tesla Roadster and the SpaceX Thruster version, just to show you what 1.1s vs 1.9s looks like (video). Check out his IG account for more great animations (link).
Today I'll show you another kind of conversion, if you can call it that: the Hyundai Kona Electric S-Poo-V, called fittingly: "number 2".
If you got the hint, this car is poo-powered, meaning the electricity generated for the car comes from the sewage treatment plant in Brisbane, Australia.
The company behind this, Urban Utilities, says on average, one person's daily habits can generate enough electricity to make the car travel around 450 metres. Full charge is reached with about 150k litres of sewage.
Also, here's Beckham pretending to plug the cable in:
Lunaz, the UK company that upcycles and converts vehicles to its 'proprietary' electric powertrain, announced David Beckham joined the investor ranks (link).
I guess when you're moving as fast as Tesla, you are bound to hit some speed bumps!
‣ Power cables in Tesla's Giga Berlin were set on fire last week - by a group calling themselves "Vulkangruppe", which translates to Volcano Group. The group said in their public letter: "Tesla is neither green, ecological nor social. Our fire stands against the lie of the green automobile". The damage itself wasn't much, as only about 3m² of area about 500m from the construction site was burning (link).
‣ Tesla was found guilty of throttling charging speed and battery capacity through a software update, in Norwegian court. Unless Tesla appeals within a few weeks, it is to pay $16k to each owner affected in Norway. The issue reported was in Model S and Model X 85kWh battery packs until model year 2016 and the update was said by Tesla to 'protect and improve the battery longevity'. (link)
‣ Tesla's Austin factory is in a tough spot - the Texan laws, that can't now be changed until 2023, will force Tesla to ship their cars out of the state just to be able to sell and deliver the cars back to Texas (link).
This one though... looks like getting a car cheap has it's price:
‣ Remember the world's best-selling EV Wuling Mini? Well... an unofficial crash test shows that even in low speeds, a head-on collision would most likely kill all the passengers inside. (link)
That's it for today, folks!
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