EV News in 5 Minutes or Less
⛵Electric Autonomous Boats
This week in EV/AV news, we've seen breakthroughs, strategic shifts, and potential collaborations that are driving the future of transportation. Dubai launches its first autonomous electric boat, marking a significant step towards its goal of 25% autonomous journeys by 2030. Polestar navigates production hurdles, while Honda unveils its second fully electric vehicle, the e:Ny1, set to hit European markets in 2023. This and so much more.
Doors ≠ Bikes 💥
The EV Charging Summit, hosted by EV Charging 101, will take place virtually on June 29-30, providing insights for professionals in the industry. Key headlines include Rivian's Q1 revenues, Lucid Group's production plans, Tesla's lithium refinery, Volvo's EX30 EV, Waymo's Safe Exit feature, and Alpine's electric sports car. Additionally, Tesla has reduced Supercharger prices in Europe, the South Pasadena Police Department is transitioning to a fully-electric fleet, Oregon's EV rebate program is temporarily suspended, and Swiss Transit Lab and Sensible 4 have launched a dual-mode automated driving service in Switzerland. Finally, Norway serves as a leader in EV adoption and charging infrastructure development.
👑 EV King and Formula 1
Over the weekend, racing fans enjoyed Formula E in Monaco and Formula 1 in Miami, where Elon Musk engaged in conversations about F1 technology and proposed a pure EV vs gas/hybrid F1 race. In other EV news, Germany led Europe in EV adoption with 1,089,854 electric vehicles in 2022, while autonomous vehicle poll results showed 53% of participants would ride in a fully autonomous vehicle with no safety driver. Top EV news stories include Fisker delivering its first all-electric Ocean SUV, Shell Germany and Volkswagen Group partnering for charging stations, California considering a bidirectional charging bill, and Porsche testing its electric Boxster at the Nürburgring racetrack.
Class 8 🚚
The ACT Expo, which focuses on electric and autonomous vehicles, has grown remarkably. Kodiak Robotics introduced the first autonomous electric class 8 truck, while Volvo updated its electric models to offer more range. Ford's Q1 report showed progress in their Model e division for innovative electric vehicles. NIO saw a YoY increase...
🏎️Cannonball Record Attempt...
The sun is shining in Colorado, and the EV/AV newsletter announced Jonas H as the winner of the Rivian Merch giveaway. BMW is in the final stages of developing a new model, and readers are asked to participate in a poll about autonomous vehicles and summer road trips. Opinions are divided on the discontinuation of the Chevy Bolt, with 52.38% of respondents expressing disagreement. Top EV news includes Rivian investing $10 million in Kentucky, GM constructing a $200-million EV parts factory in Michigan, and a bill in Texas that requires EV owners to pay a $200 annual fee....
🌩️ Buy Bolt or Bye Bolt?
The world of electric and autonomous vehicles is rapidly evolving, and there are several exciting developments happening at the moment. General Motors plans to cease production of its Chevrolet Bolt EVs by the end of the year, despite record sales and production. Meanwhile, Tesla is reintroducing adjustable regenerative braking settings via an OTA software update. General Motors and Samsung SDI are joining forces to invest $3 billion...
🔌Who’s in Charge...
The world of electric vehicles is seeing exciting developments, with new models and advancements being announced every day. Porsche is set to debut its first electric sports car, the 2025 Porsche 718 Cayman/Boxster, early next year with a starting price near $80,000. Volkswagen Group is building PowerCo SE's largest gigafactory in St. Thomas, Ontario, with an investment of up to €4.8 billion. Rivian's Senior Vice President of Software Development, Wassym Bensaid, provided insights into the software team's guiding principles and upcoming improvements. The Ram 1500 REV...
🗲Watt a Car
This week's newsletter highlights a new Tesla owner's decision influenced by the brand's recent price drops, the White House's call to action for transitioning to EVs, and a poll on preferred EV range. Volkswagen has introduced the ID.7, its first global electric model for the upper mid-size class, with a range of up to 435 miles, and Polestar has unveiled the Polestar 4, an electric performance SUV coupé with a top speed of 155 mph. Additionally, JLR is turning its Halewood plant into an all-electric production facility, and Cirba Solutions is investing $300 million in a lithium-ion EV battery recycling facility in South Carolina.
📜 Tuesday Newsletter- Tax Day and Tax Credits
Last week's Denver Auto Show featured over 30 EVs and first-time EV driver experiences. Federal tax credits of up to $7,500 apply to select EV models. Lancia unveils its 10-year vision with the Pu+Ra HPE electric vehicle, while BMW introduces the i7 M70 xDrive. China's EV market surges, with 50% of Auto Shanghai 2023 models being electrified. Meals on Wheels San Francisco aims to electrify two-thirds of its fleet by 2027, and EV registrations increase nationwide.
🚘New car prices = down…
New car prices have dropped below the MSRP for the first time in 20 months, with a 1.1% decrease from the previous month. The average price paid for a new EV increased by 0.5%, reaching an average of $58,940 due to increased sales from Mercedes, Rivian, Lucid, and other brands. Despite Tesla cutting prices, this increase offsets the lower-priced Tesla products. Chipotle has announced an all-electric restaurant design to maximize energy efficiency and to reduce greenhouse gas emissions. Kia is planning to build a dedicated plant for battery-electric vehicles in South Korea. The battery recycling market is expected to grow due to the increasing demand for EVs and renewable energy storage systems.
Dropping Prices📉
Discover the latest EV news, including Tesla's 5th price cut this year on all models, making electric vehicles even more affordable. Walmart and Sam's Club plan to build an extensive EV fast-charging network, while BYD unveils new driver-assist tech. Plus, Rivian CEO shares future plans in an interview.
How big? 🦖
This newsletter provides updates on the electric vehicle and autonomous vehicle industry. It shares the results of a poll that shows 76% of respondents would buy the Rivian R1T brand new. The article also discusses Cars & Bids, an auction site for vehicles, and analyzes the Rivian R1T data on the platform. It also highlights several developments in the EV/AV industry, including the Ram 1500 REV with a 500-mile range and Indonesia's incentives for electric car purchases. Finally, the article mentions a giveaway for subscribers to the newsletter.
Rivian Auction Sales 🛻
Rivian Auction Sales 🛻
This past weekend, we drove the Lightning to the picturesque surroundings of Pine, Colorado, where we were greeted by near-p...
⚡Electric Boxster & R32 Unleashed!
⚡Electric Boxster & R32 Unleashed!
My 4-year-old son eagerly bounded downstairs the other morning to share some exciting news with me. With br...