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Electric Vehicles News
Evannex
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Image Credit: Evannex
Hyundai Just Opened a $7.6B EV Plant in Georgia
- Hyundai opened a $7.6 billion electric vehicle and battery plant in Georgia, USA.
- The facility will create over 8,500 jobs and produce 500,000 EVs per year once fully operational.
- By localizing production, Hyundai qualifies for full federal tax credits and avoids import-related tariffs and shipping expenses.
- The move is a strategic response to evolving policies and increasing demand for American-made EVs.
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Evannex
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Image Credit: Evannex
Tesla Robotaxi to take company's stock price to 2,600 in 5 years, says Ark Invest's Cathie Wood
- Ark Invest CEO Cathie Wood predicts Tesla stock price will reach $2,600 in 5 years.
- Tesla's Cybercab robotaxi and autonomous ride-hailing services will drive the surge in stock price.
- Tesla's autonomous ride-sharing service to be launched in Austin, TX in June.
- According to Cathie Wood, robotaxis will account for 90% of the value of Tesla in 5 years.
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Insideevs
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Image Credit: Insideevs
Aptera’s Solar EV Went On A 300-Mile Road Trip. We Have Questions
- Aptera's solar EV recently completed a 300-mile road trip without having to stop and recharge.
- The solar panels on the vehicle's body generated up to 545 watts of power during the trip.
- Aptera's three-wheeled EV can generate enough electricity to travel 40 miles per day and claims an efficiency of up to 10 miles/kilowatt-hour.
- Questions regarding the vehicle's actual range and performance compared to advertised specifications remain unanswered.
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Pymnts
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Image Credit: Pymnts
CE 100 Index Slips 2.5% as Chip and Payment Names Lose Ground
- CE 100 Index slips 2.5% as chip and payment names lose ground.
- Enablers segment of CE 100 Index dipped 4.1% with Meta's stock losing 6.1%.
- Nvidia shares lost a similar amount after the announcement of procuring US-manufactured chips.
- Payment names in CE 100 Index were 3.4% lower, with PayPal's stock losing nearly 8%.
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Guardian
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Image Credit: Guardian
Tesla investors brace for global sales data amid consumer backlash over Elon Musk
- Tesla is expected to report a dip in global demand as it releases first-quarter delivery data.
- The decline in demand is attributed to a consumer backlash against CEO Elon Musk.
- Analysts forecast a fall of 7% in deliveries compared to the same period last year.
- Issues affecting Tesla's figures include waiting for Model Y updates and brand damage associated with Musk's involvement in government efficiency.
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E-Vehicleinfo
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Image Credit: E-Vehicleinfo
Summer Heat & Your EV Battery: What You Need to Know?
- Excessive exposure to high temperatures can lead to decreased performance, battery degradation, and long-term damage.
- EVs rely on lithium-ion (Li-ion) battery traction packs, which perform optimally within a temperature range of 15°C to 35°C (60°F to 95°F).
- High temperatures cause increased internal resistance, loss of range, reduced regenerative braking efficiency, and faster battery degradation.
- To protect EV batteries in summer, it is advised to park in shaded areas, maintain the cooling system, follow optimal charging practices, monitor battery health, adopt efficient driving habits, and utilize battery testing tools.
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CarExpert
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Image Credit: CarExpert
Another French EV hot hatch confirmed for production
- Peugeot plans to reintroduce the GTi badge on its all-electric e-208 compact hatch in an effort to reconnect to its sporty past and create a link between its road cars and motorsports.
- Peugeot CEO, Alain Favey, stated that the reintroduction of the GTi badge is one of his top priorities as it represents an important step for the brand.
- The e-208 GTi is expected to feature an all-electric drivetrain, and Peugeot is open to expanding its sporty lineup based on customer feedback.
- It is speculated that the e-208 GTi could use the same powertrain as the Abarth 600e, which produces 175kW and has a 0-100km/h sprint time of 6.2 seconds.
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CarExpert
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Image Credit: CarExpert
Volkswagen offers early-bird electric SUV buyers free home charger
- Volkswagen Australia offers a complimentary home charger with the purchase of ID.4 and ID.5 electric SUVs.
- The first 500 buyers of ID.4 Pro and ID.5 GTX will receive a free 7kW home charger, including installation.
- This offer is for the launch period only and will not be repeated once the 500 chargers are claimed.
- First deliveries of the ID.4 and ID.5 in Australia are expected to begin in mid-2025.
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CarExpert
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Image Credit: CarExpert
Best practices for EV charging
- Electric vehicles (EVs) represent around 10% of new car sales in Australia, but switching from internal combustion engines can be overwhelming for some buyers.
- Understanding AC (Alternating Current) and DC (Direct Current) charging helps in choosing the right charger for the situation.
- It is advised to maintain a balance between slower home charging and periodic fast-charging to prevent long-term battery degradation.
- Installing an AC charger at home is recommended for convenient charging, especially with affordable EV models offering sufficient range.
- Avoiding charging the EV battery to 100% for extended periods helps in preserving battery life as lithium-ion batteries degrade faster at high charges.
- Managing charging speed, temperature, and taking advantage of scheduled charging are crucial practices for optimal EV performance and longevity.
- Temperature control, software updates, and utilizing regenerative braking wisely are essential factors to consider for efficient EV performance.
- Planning charging stops on road trips and adopting smart charging practices ensure the reliability and longevity of EVs.
- Following these best practices will help EV owners maintain the efficiency and readiness of their vehicles for various uses.
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Insideevs
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Image Credit: Insideevs
Do We Even Need Five-Minute EV Charging?
- Chinese automaker BYD announced fast charging times for its next-generation electric cars, with charging times as low as five minutes for 250 miles of range.
- Mercedes-Benz High-Power Charging CEO, Andrew Cornelia, believes that five-minute charging may be overkill and that the industry is already closer to the optimal charging time of 10 to 12 minutes.
- Cornelia emphasizes that the key is to make the charging time fit the activity people are doing, rather than aiming for the fastest possible charging all the time.
- Mercedes-Benz High-Power Charging focuses on placing chargers at locations where drivers can engage in activities during the charging time, such as partnering with retailers like Starbucks and Buc-ee's.
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Teslarati
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Image Credit: Teslarati
Tesla supporter struck with vehicle by anti-Musk protestor at counter-protest
- A man attending an anti-Elon Musk and anti-Tesla rally in Idaho was struck by a vehicle driven by a member of the "Tesla Takedown" movement.
- The 49-year-old counter-protester was hit by a 70-year-old man who made an obscene gesture towards him before the incident occurred.
- Protests against Musk, Tesla, and Trump have become more intense, with some reports blaming the actions on Musk and Tesla.
- Tesla owners are growing tired of being targets of violence and vandalism, and more lawsuits may be necessary to address the issue.
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Insideevs
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Image Credit: Insideevs
U.S. Researchers Are Developing An EV Battery Without ‘Forever Chemicals’
- U.S. researchers at the UChicago Pritzker School of Molecular Engineering are developing an EV battery without 'forever chemicals' such as per- and polyfluoroalkyl substances (PFAS).
- Current lithium-ion EV batteries contain PFAS, which can contaminate the environment and pose health hazards.
- The researchers have designed a non-fluorinated solvent, free of PFAS, for the battery electrolyte, resulting in better ion-pairing and improved performance.
- The goal is to address environmental concerns at the design stage and ensure proper handling of end-of-life EV batteries.
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Insideevs
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Image Credit: Insideevs
The Pragmatic And Moral Case To Sell Your Tesla
- Tesla, once a standout in the automotive world, has faced cooling enthusiasm due to Elon Musk's involvement with right-wing politics, causing protests, value declines, and increased calls to sell.
- Competition in the EV market has caught up with Tesla's initial advantages, with other automakers improving range, technology, safety, and charging capabilities, making a case against buying a new Tesla.
- Tesla's safety history, range overestimation, and lower-voltage architecture raise concerns, while other EV manufacturers offer more advanced systems and better long-term prospects.
- Financially, the decision between Tesla and other EVs remains a close call, with alternatives like Kia EV6 offering competitive options and potential benefits from federal tax credits.
- Shifts in the market, including new entrants like Lucid and Rivian, provide consumers with more choices besides Tesla, while the Supercharger network opening to non-Tesla EVs offers increased charging options.
- Reasons to sell a Tesla include rapid depreciation, rising operating costs, and potential difficulties in maintenance, especially if Tesla faces financial challenges or regulatory issues.
- Moral concerns related to Elon Musk's political activities, influence, and controversial statements provide additional reasons to consider trading in a Tesla and supporting alternatives.
- By not supporting Tesla, consumers can impact Musk's wealth and power, potentially affecting the company's future while promoting greener vehicle options and distancing from Musk's ideologies.
- The article suggests that selling a Tesla now may be a prudent decision given the shifting market dynamics and the ethical considerations surrounding Musk's actions and beliefs.
- Victoria Scott, the author, concludes that it's time to consider selling a Tesla, urging readers to act and make a decision based on the presented pragmatic and moral arguments.
- The article presents a comprehensive overview of the evolving automotive landscape, ethical implications, and financial considerations related to owning a Tesla vehicle.
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Classiccars
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Image Credit: Classiccars
Équipe Pur Sang Package Makes the Bugatti Tourbillon More Outrageous
- Bugatti has introduced the racing-inspired Équipe Pur Sang package for the Tourbillon, taking it to new heights of exotica.
- The Tourbillon features a naturally aspirated 8.3-liter V16 engine that produces 1,000 horsepower, connected to three electric motors adding an additional 800 horses.
- The Équipe Pur Sang package enhances aerodynamics with a front splittler, rear wing, and special exhaust system with a diffuser for increased downforce.
- The cabin of the Tourbillon is equipped with Performance Seats, Alcantara lining, and various interior customization options.
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Insider
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Image Credit: Insider
Elon Musk is finding out why Warren Buffett steers clear of politics
- Elon Musk's involvement in the Trump administration caused backlash against Tesla, damaging the company.
- Warren Buffett avoids politics to prevent negative repercussions on his employees and shareholders.
- Musk's political foray, in contrast to Buffett's stance, has drawn criticism for potentially hurting Tesla.
- Musk supported Trump's campaign, leading to protests, boycotts, and vandalism against Tesla.
- Despite Musk's shock at the violence, he has faced backlash for his political affiliations.
- Buffett explained his decision to abstain from political endorsements to protect Berkshire's reputation and stakeholders.
- Lux highlights Musk's goal of influencing US policy for his Mars mission, contrasting with Buffett's focus on consistent returns.
- Musk's support for Trump's campaign was seen as a strategic move for SpaceX, benefiting from FCC decisions.
- Critics argue the backlash against Musk's political actions has resulted in lost sales and brand damage for Tesla.
- Business leaders, like Musk, need to evaluate the risks of political involvement impacting their companies and public image.
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