Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of EV information. It’s Friday 29th April, it’s Martyn Lee here and I go through every EV story so you don’t have to.
ELON MUSK DUMPS $8.5B IN TESLA STOCK AHEAD OF TWITTER BUY
– Elon Musk has sold off a whopping $8.5 billion in Tesla stock this week as he prepares to acquire Twitter for $44 billion – but he insists that the rest of his stake in the electric car maker will remain untouched for now.
– Securities filings revealed Friday that Musk sold 5.2 million Tesla shares via open-market transactions that occurred on Thursday. That brings the total to 9.6 million shares after earlier disclosures detailed earlier stock sales worth $4 billion on Tuesday and Wednesday.
– The stock sales in total amounted to 5% of his stake in Tesla
– Musk still owns nearly 16% of Tesla shares, according to FactSet data cited by the Wall Street Journal.
ANNUAL MEETING: MERCEDES-BENZ CONTINUES ITS SUCCESSFUL TRANSFORMATION
– Focusing on electric vehicles and growing the top-end segment at Mercedes-Benz has paid off. Four figures illustrate this transformation: Group sales of the top-end models increased by 30%, sales of electric passenger cars increased by 64%, sales of electric Vans 118% and adjusted EBIT of the Mercedes-Benz Group grew by 123%.
– This year the company expects to make further progress toward its long-term strategic goal of CO2 neutrality. With the EQS SUV, EQE SUV, EQT and eCitan models more than 10 fully electric vehicles will have been presented by the end of 2022. Moreover, with the Ambition2039, Mercedes-Benz Cars has set itself the target of reaching an important milestone as early as 2030 on the road to CO2 neutrality: to halve CO2 emissions compared with 2020 levels. Here, the most important levers are electrifying the vehicle fleet, charging with green power, improving battery technology and by extensively using recycled materials and renewable energy in production sites. Potential CO2 emissions are also evaluated as a criterion when contracts are awarded to potential suppliers.
– Mercedes-Benz plans to cover more than 70% of its energy requirements in production with renewable energy sources by 2030.
62% OF 2017 TO 2019 CHEVROLET BOLTS HAVE HAD THEIR BATTERY REPLACED
– Chevrolet is now in the process of replacing the battery packs of the Bolt EV and Bolt EUV, as these two models’ original pack was had defects that could cause a fire – 18 such incidents were officially confirmed and linked to bad batteries. The manufacturer began replacing the battery packs of all affected vehicles from the 2017 through 2022 model years, and it looks like it’s prioritizing older cars first.
– Chevrolet has already replaced the battery pack in 62 percent of affected Bolts built under the 2017 through 2019 model years. Chevy says that last quarter it changed 26,952 battery packs.
– Another document issued for 2021 through 2022 model year affected Chevy Bolts shows that these newer cars haven’t received new batteries yet – just 701 swaps were performed out of a total 52,414 pool of affected vehicles.
– Owners of Bolt EVs equipped with the new battery are also reporting a range increase with the fresh pack. When our own Tom Moloughney took part in a range test of a Bolt with a newly replaced battery, he found that post swap it was able to travel for around 13.5 percent longer than before.
JAGUAR OWNER TATA MOTORS EYES CHIPMAKING, PLANS FOR AN EV BATTERY FACTORY
– Besides making chips, plans to manufacture batteries for electric vehicles will also be announced soon
– Tata Group are aligned to Prime Minister Narendra Modi’s attempts to make India a leader in semiconductor production and reduce its reliance on imports amid global chain disruptions.
– “Supply chain is getting very precarious and uncertain,” said Shailesh Chandra, managing director at Tata Motors Passenger Vehicles in an interview on Friday. Lockdowns in China have worsened the visibility of semiconductors and the logistics have become the next challenge for Tata Motors given the lack of availability of containers, he said.
– The impact of the chip shortage is more “acute” in electric vehicles than gasoline models, Chandra said. The waiting period for electric vehicles at Tata Motors could be as much as six months, compared with four months for cars with internal combustion engines, he said.
– Tata’s foray into semiconductor making will also help its group firm, Tata Motors, which makes the iconic Jaguar Land Rover brands and has suffered due to these shortages.
– also announced plans to launch its first-ever pure electric car by 2025. The five-seater Avinya will have no gasoline variants, Chandra told reporters in a briefing on Friday.
– Tata Motors currently sells two battery-powered models, the Nexon EV and Tigor EV, but these cars also have variants that run on fossil fuels.
THE US GENERATED A RECORD 18% OF ITS ELECTRICITY FROM WIND AND SOLAR IN MARCH
– Last month, the US generated 18% of its electricity from wind and solar (59 TWh) for the first time. That beat the previous record set in March 2021 (53 TWh)
– In 2015, the US generated just 5.7% of its electricity from wind and solar (229.8 TWh). By 2021, it had more than doubled that, reaching 13% of its electricity from wind and solar (543.5 TWh).
– Wind and solar were the fastest-growing forms of electricity worldwide for the 17th year in a row in 2021 and are projected to be the backbone of the future electricity system.
– Many European countries already produced more than 25% of their electricity from wind and solar in 2021, including Germany, Spain, and the UK, which is helping to rapidly reduce their reliance on imported fossil fuels from Russia
TESLA MODEL 3 WAS EUROPE’S BEST SELLING CAR IN MARCH 2022
– The Tesla Model 3 was the number one selling car across Europe in March, even when taking internal combustion engine (ICE) vehicles into account.
– According to the figures from JATO Dynamics, the electric sedan took the top spot with 23,013 registrations last month. While that was a slight 3% drop from the same time period in 2021, it was 50% higher than March 2020
– The Model Y was close behind in third place with 18,968 registrations last month.
– When looking at just battery electric vehicles (BEVs), the Model 3 and Model Y were easily the most popular choice in Europe, accumulating 41,981 registrations combined.
– The closest competition came from the Fiat 500 (6,579), Kia Niro (5,217), and Volkswagen ID.4 (5,009).
– “The shift in favour to low emissions vehicles was particularly prevalent in countries such as Switzerland (which had a 28% EV market share vs 14% diesel market share), the UK (23% vs 10%), France (21% vs 16%) and Belgium (24% vs 19%), in addition to the well established trends seen in Norway, Sweden, Netherlands and Denmark,” JATO said.
16 STATES SUE POSTAL SERVICE OVER GAS-POWERED MAIL TRUCKS
– Sixteen states and the District of Columbia are among those suing the U.S. Postal Service to block its purchase of 148,000 gasoline-powered mail delivery trucks.
– The state attorneys general, Earthjustice and the Natural Resources Defense Council say the federal agency severely underestimated the cost of the vehicles and the toll on the environment, according to the Washington Post.
– The agency projected gas prices of $2.19 per gallon, for example — nearly $2 less than the U.S. average this week
– Under the Postal Service’s $11 billion purchase plan, only 10% of the agency’s new fleet would consist of electric vehicles, well below the standard set by its competitors FedEx, UPS and Amazon.
– Postmaster General Louis DeJoy placed an order for 50,000 trucks in March that included 10,019 EVs, roughly double his original commitment. The trucks are expected to hit the street by the end of 2023.
HOW THE FORMULA E GEN3 IS SHAPING UP TO BE THE WORLD’S MOST EFFICIENT RACE CAR
– ahead of this weekend’s Monaco E-Prix, FIA and Formula E finally unveiled their next electric race car. It’s called Gen3 — as in, the third generation vehicle used by the series — and comes with some BIG upgrades and claimed world’s firsts.
– The Gen3’s weight reduction is also coupled with a significant power increase. The rear motor now comes with a 350kW (469hp) output, from 250kW (335hp) in the Gen2
– there’s a new front motor delivering an extra 250kW (335hp), making it the first formula car to have both front and rear powertrains
– This regenerative capability and the addition of the front powertrain is also why the Gen3 — again for the first time — is ditching commonly used rear hydraulic brakes.
– With a top speed of over 332km/h (200mph), the Gen3 is the fastest Formula E vehicle yet, and we can expect lap times to be significantly faster than before.
LEVC CELEBRATES SALE OF 5000TH TX ELECTRIC TAXI IN LONDON
– LEVC (London Electric Vehicle Company) today announces another significant milestone with 5,000 TX taxis sold in London. As the world’s most advanced electric taxi, the TX delivers the best possible experience for drivers and passengers, substantial savings for operators and reduced urban emissions for the capital.
– with more than a third of licensed black taxis in London now the TX, London leads the globe in purpose-built, fully accessible electrified taxis. The TX features a lightweight aluminium body and benefits from LEVC’s eCity range extender powertrain. This game-changing technology enables the taxi to travel in full electric mode for up 64 miles.
– TX has a total range of 318 miles and reduces NOx emissions by 99.5 per cent.
– Since taking to the streets, the 5,000 cabs have travelled a combined distance of approximately 307 million miles
NEW 14-SEAT ELECTRIC COMMUTER BUS LANDS IN AUSTRALIA
– A new 14-seat electric commuter bus has arrived in Australia from Chinese automaker Joylong and is immediately available for retail and fleet sales in Brisbane, Sydney, Melbourne, and Perth.
– The Joylong E6 electric bus is aready “well-proven” in Asian markets, according to importer Global Automotive Distributors, and boasts a driving range of around 300kms in city areas and 280kms on the highway.
– It has a 60kW liquid-cooled electric motor generating peak torque of 382Nm, and an 86.1kWh lithium iron phosphate battery which can be recharged through a 22kW OBC Euro-type socket.
– The Joylong E6 will cost around the $90,000 mark drivea-way, depending on which state or territory it is purchased in.
EX CHARGEMASTER CEO DAVID MARTELL LAUNCHES INTUITIVE HOME CHARGER EVIOS ONE
– Chargemaster’s former CEO David Martell has launched a new company called Evios that just presented its first home charger. According to the company, the Evios One is the “smartest and most intuitive charger” on the market.
– a large colour screen unusual for comparable home chargers. Evios further claims a “jargon-free user interface”, e.g. users can quickly see how many miles have been added in each charging session and the cost. The Evios One can also integrate with home energy tariffs and solar installations.
– There are also three modes which admittedly speak much for themselves. Called Pure Speed, Pure Green, and Pure Value, they prioritise charging at a low price or the fastest charging or charging when renewable energy is available.
– Evios offers PIN codes for individuals for charge point owners to see who charged when and how much. This multi-user access also allows installation in apartment buildings and shared parking facilities. There is also the option to manage multiple charge points through one account.
– Evios expects installations to become available from June 2022.
KIA INITIATES ‘PURPOSE-BUILT VEHICLE’ STRATEGY WITH LAUNCH OF NIRO PLUS
– The Kia Niro Plus will be deployed as a general model and zero-emission taxi in Korea, with the company modifying the first generation Niro EV to make it suitable for the demands of modern-day car-hailing.
– Kia is planning a general version of the Niro Plus for private owners, which can be used for many business and recreational purposes including car-hailing services. For example, Kia is envisaging a scenario where a small business owner uses the Niro Plus for work during the week, before making the most of its versatility at the weekend for leisure activities such as camping or visits to the seaside or mountains.
– Kia has made several enhancements to the first generation Niro to make the Niro Plus ready to meet the robust demands of Korean taxi operators. Length and height of Niro Plus taxi model have increased by 10 mm and 80 mm respectively (compared to the first generation Niro without roof rack), to give occupants more space inside the cabin. Slimmed-down structures have also contributed to the greater cabin space, with the Niro Plus taxi model featuring thinner seats and door trims compared to the original Niro EV.
– The display will include all information relevant for taxi drivers to seamlessly go about their work, including navigation, app taximeter, digital tachograph and voice recognition
USED EV MARKET SET TO CHANGE WITH NEW BATTERY WARRANTIES
– The International Energy Agency projects 300 million electric vehicles must be on the road worldwide by 2030 to be on track for Net Zero Emissions by 2050.
– In Canada, despite issues with charging infrastructure and criticism regarding government rebates, we have seen EV interest rising and sales growing quickly. As consumers shift their attention to purchasing a new EV, one should also look at the growing used market.
– Most manufacturers guaranteeing batteries for eight years or 160,000 kilometres will make drivers hesitate when purchasing a used six- or seven-year-old EV with mileage approaching the factory warranty cut-offs. Fear of out-of-pocket battery replacement costs post warranty are creating the impression that high-mileage EVs are throwaway vehicles, regardless of their overall condition.
– A colleague who works for a warranty company asked for help with their underdevelopment product.
– What components are consumers most concerned about when considering an extended EV warranty?Length of ownership. How long do you see yourself owning your used EV?Who does the typical used EV market appeal to? The first-time owner or second-time EV owner?Realistically, what would you spend on a warranty when purchasing a used EV?
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