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Search resuls for: "EVs —"


11 mentions found


☆ You'll likely pay more and wait longer for repairs to your electric car
  + stars: | 2023-03-10 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
If car-buyers can only go to a dealer for service, that might mean longer waits and more expense. What's going on with vehicle repair today? So you can imagine if independent repair shops didn't have the opportunity to work on vehicles." "The industry has been hyper-focused on launches and now these customers are bringing their electric vehicles in for maintenance and repairs." "The EV segment has the potential to spur massive convenience improvements in how customers service their vehicles — but we're not seeing the benefits yet," Sutton added.
☆ Elon Musk's new Master Plan for Tesla should've introduced cheap EVs. Instead, we got a whole lot of nothing.
  + stars: | 2023-03-02 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +5 min
The world is waiting for cheap EVs, but Tesla isn't ready to deliver — yet. Elon Musk's EV company held an Investor Day in Texas that had everything but cheap EVs. He needs one now — and fast — as competitors are putting the pedal to the metal in their own quests for low-cost EVs. On the investor front, low-cost EVs help make Tesla a truly global phenomenon. But the lack of any firm details on a cheap EV made for a puzzling omission from what was meant to be a showcase of Tesla's offerings.
☆ Tesla or Ford? Analysts name their favorite stock as the EV race heats up
  + stars: | 2023-02-06 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +4 min
Ford's EV sales – currently at 3.6% of its monthly total sales – have been a major focus of Wall Street. Amid talk of an EV pricing war , who will win: Tesla, or Ford? Ford Bank of America in a Jan. 30 note called both Ford and Tesla's decision to cut prices "odd." Tesla Most analysts seem to be more optimistic on Tesla at present. For Tesla, analysts have an average price target upside of 1.8%, and 65% have a buy rating on the stock.
☆ Toyota says it plans to transform older cars into eco-friendly models to reduce carbon emissions, as the carmaker faces increased criticism for EV hesitancy
  + stars: | 2023-01-15 | by ( Bethany Biron | ) www.businessinsider.com   time to read: +3 min
Toyota plans to convert older cars into eco-friendly models by updating parts, the AP reported. CEO Akio Toyoda announced the effort at an industry event in Tokyo on Friday, per the AP. Toyota has been reluctant to produce EVs due to high costs and concerns about lack of demand. Toyota CEO Akio Toyoda said the company plans to use a "conversion" strategy that involves transforming older cars into more sustainable models by replacing certain parts, the Associated Press reported. At the time, Toyota also pledged to make all models in its Lexus line electric in the US, China, and Europe by 2030.
☆ The EV industry is getting its first recession stress test. Will it be a bust?
  + stars: | 2023-01-14 | by ( Tim Mullaney | ) www.cnbc.com   time to read: +6 min
As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. But optimists like Wedbush analyst Dan Ives think it's the right, aggressive move to jumpstart the EV transition amid macro uncertainty. "There's no stress test for a severe recession for an industry that's in its infancy." The outlook from China, home to more than half of the world's EV sales, according to Clean Technica, is at least as murky. Tesla's 2023 world is like Amazon and eBay's 2000A recession, if it happens, doesn't necessarily mean EV sales will fall.
☆ Electric school buses are giving kids a cleaner, but costlier, ride to class
  + stars: | 2022-12-10 | by ( John Rosevear | ) www.cnbc.com   time to read: +6 min
Right now, only a tiny fraction of the roughly 480,000 school buses in America are battery-powered. Greener pasturesEnvironmental activists have been working for years to try to replace diesel and gasoline school buses with new electric models. Gander leads the World Resources Institute's Electric School Bus Initiative, a project funded in part by the Bezos Earth Fund established by Amazon's founder, Jeff Bezos. The initiative works with school officials, utility companies and ESB manufacturers to try to accelerate the adoption of zero-emission school buses. A Thomas Built electric school bus in Beverly, Massachusetts.
☆ EV battery makers race to develop cheaper cell materials, skirting China
  + stars: | 2022-11-15 | by ( Nick Carey Paul Lienert | Nick Carey | Paul Lienert | ) www.reuters.com   time to read: +9 min
Today's EVs run on lithium ion batteries — mostly made with lithium, cobalt, manganese and high-grade nickel, whose prices have soared. The EVs of the future — those arriving after 2025 — could shift to sodium ion or lithium sulfur battery cells that could be up to two-thirds cheaper than today's lithium ion cells. China's CATL (300750.SZ) has said it plans to begin producing sodium ion cells in 2023. Michigan-based Amandarry and British startup AMTE Power (AMTE.L) are developing sodium ion batteries using sodium chloride — basically table salt — as the main cathode ingredient. Battery developers hope they can add sodium ion and lithium sulfur batteries to the range open to the auto industry.
☆ Redwood Materials to supply cathode material to Panasonic U.S. battery plant
  + stars: | 2022-11-15 | by ( Paul Lienert | ) www.reuters.com   time to read: +2 min
Nov 15 (Reuters) - Panasonic Corp (6752.T) will buy remanufactured battery cathode material from Redwood Materials, beginning in 2025, for the Japanese battery maker’s new Kansas plant, the companies said on Tuesday. Those targets are a focus of U.S. President Joe Biden's Inflation Reduction Act, which aims to build up a battery materials supply base in North America. “The IRA just accelerated this entire transition” of the battery supply chain, Redwood Materials Chief Executive J.B. Straubel said in an interview. He expects the company to be the first to produce cathode material at volume in North America. Redwood recycles Panasonic scrap materials from that factory, and has an agreement to supply Panasonic at the Nevada plant with remanufactured anode copper foil.
☆ Here's the 11-page pitch deck that landed car financing startup Zevvy $5.4 million to bring used EVs to the masses
  + stars: | 2022-10-29 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +2 min
Zevvy is an auto financing startup looking to make EVs more affordable. It's offering potential EV drivers shorter leases, pay-per-mile terms. Check out the 11-page pitch deck it used to raise $5.4 million for its next expansion. Zevvy, founded in 2021 as Flux EV, just finished a $5.4 million seed funding round led by MaC Venture Capital. Here's the 11-slide pitch deck that sold Zevvy's new investors on its vision for the future of financing electric vehicles.
☆ Here's how the $360 billion electric car battery market will impact the future of EVs — and how affordable they are for car-buyers.
  + stars: | 2022-10-11 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +14 min
There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. It just led a $400 million investment into the little-known EV battery startup that could make it work. Giants like Tesla, GM, and Ford are going to be desperate for EV materials in the next decade. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.
☆ Take a look at Tesla's 4 biggest rivals in China's booming, $124 billion electric-vehicle market
  + stars: | 2022-07-06 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
Tesla had the third-largest share in China's EV market from January to May, according to widely cited data compiled by EV Volumes. The US company, run by billionaire Elon Musk, currently holds 6.6% of the market in China, per EV Volumes. Unlike Tesla, China's domestic manufacturers do not exclusively produce EVs — they also produce diesel-run automobiles. The manufacturers are arranged from smallest to biggest market share in China's EV industry. The manufacturers' market shares reflect data from January to May, sourced from EV Volumes.
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