US sales of electric vehicles are expected to increase significantly this decade, however, by the end of 2030 EVs will still comprise only a tiny
The federal EV tax credit has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US. The formula, which is based on the size of an EV’s battery pack, rewards OEMs (and their buying consumers) for using larger batteries with no consideration to efficiency (EPA range/kWh) and price.
This past week not only had the usual automaker electrification declarations and teases of EVs to come such as the Kia EV6 and Lexus LF-Z concept EV, but we had a huge April Fools’ joke from Volkswagen. In addition DHL adds to its electric delivery van fleet in the US, Jeep announces plans for a Level 2 charging network and solid article was published about the current poor experience facing EV drivers at the various EV charging networks.
Another week with automakers sharing plans to either curtail development of internal combustion engines or share their EV sales goals, in this case German luxury OEMs, Audi and BMW. We see images of the upcoming BMW i4 BEV, Jeep Wrangler Magneto BEV concept, Rivian announces their new charging networks, and much, much, more.
While EVs from the legacy automakers as of yet don’t match the range and performance of those from Tesla, those and other advantages from Tesla are simply not as important to huge segments of car buyers. Following are a few steps legacy automakers and dealers (that are actually trying to sell EVs) need to do to help counter the Tesla narrative that has created various expectations by consumers when considering an EV.
Another crazy week in the world of EVs, with lots of announcements on the automaker and battery front. The reveals of the Canoo pickup and Kia EV6 have heads turning and yet another automaker, BMW-owned Mini this time announced plans that it would only produce battery-electric vehicles from 2030. And EV straggler Honda shed a bit more light on its upcoming EVs built on GM’s Ultium battery and powertrain platform.
Lower battery prices and electric vehicles reaching price parity will be key enablers to driving mass adoption of EVs in the US. But battery and model supply along with ubiquitous charging and consumer comfort with electric refueling are bigger factors that will limit growth in EV sales in the US in the near term.
This past week was a whirlwind of EV news and developments from FedEx’s plans to electrify its fleet by 2040, VW saying it expects 50% of its US sales to be from EVs, to GM’s likely plans to build a second battery factory with LG Chem, and much more …
This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.