Plus, stay tuned because later in the show I’ll tell you what VW are saying about the 2024 model year ID.4 in the US and accessing tax credits.

Good morning, good afternoon, and good evening wherever you are in the world, welcome to EV News Daily, your trusted source of EV information. It’s Wednesday 28th February, I’m Martyn Lee and I go through every EV story so you don’t have to.

We go live at 5pm UK, that’s Midday Eastern.  Patreon supporters get the episodes as soon as they’re ready and ad free. You can be like them by clicking here.

Tesla Tops Brand Loyalty Rankings Again

– S&P Global Mobility’s Automotive Loyalty Awards indicate that 51% of new car purchasers in 2023 remained loyal to their previous car brand.

– Tesla led all car manufacturers in owner loyalty, maintaining its position from the previous year.

– The electric car giant also saw the highest number of conquest buyers, individuals who switched from other brands.

– Nissan stood out for having a significant portion of customers return to the same dealership for their next purchase.

https://evne.ws/3IlvCM0

Apple Halts Electric Vehicle Project After 10 Years

– Apple has officially discontinued its decade-long project to develop an electric vehicle, marking the end of one of its most ambitious endeavors.

– The announcement, unexpected by nearly 2,000 project employees, was made internally by COO Jeff Williams and Vice President Kevin Lynch.

– The project, known as the Special Projects Group (SPG), will wind down, with team members being reassigned to Apple’s artificial intelligence division to work on generative AI projects.

– The SPG team included hundreds of hardware engineers and car designers, some of whom may face layoffs or be offered positions in other departments within Apple.

– Apple’s electric car initiative, rumored to have cost $10 billion over a decade, has been discontinued without securing a manufacturing partner experienced in car production.

– Similar to Dyson’s abandoned electric car project, both companies faced challenges beyond financial investment, including technological ambitions and manufacturing partnerships.

– Dyson’s project was notable for its advanced battery technology, whereas Apple aimed for a car with no steering wheel and full autonomy.

– Post-project, Apple’s automotive strategy focuses on integrating its technology within vehicles, particularly through Apple CarPlay, despite some resistance from car manufacturers.

https://evne.ws/3wIenls

VW ID.4 2024 Enhancements: Larger Battery and More Power

– The Volkswagen ID.4, which made up 11.5% of Volkswagen of America’s sales in 2023, introduces a larger 82 kWh battery option and increased power for the 2024 model year.

– Pricing for the 2024 ID.4 begins at $39,735 for the 62 kWh models and climbs to $44,875 for the 82 kWh variants, excluding a $1,425 destination fee.

– The 2024 ID.4 is expected to qualify for a $7,500 federal tax credit, specifically for models using batteries from SK On, though a specific timeline hasn’t been announced.

– Available in standard, S, and S Plus trims, the 2024 ID.4 with the 82 kWh battery also introduces the APP 550 drive system, offering up to 282 horsepower for RWD and 330 horsepower for AWD models.

– The ID.4 Pro and Pro S models featuring the 82-kWh battery promise a 291-mile range.

– A significant upgrade for the 2024 Pro models is the 12.9-inch infotainment screen, boasting improved graphics and navigation interface amid previous criticisms of system lag and freezes.

https://evne.ws/3uTDm4U

Somerset to Host New Tata Gigafactory, Creating 4,000 Jobs

– A new ‘gigafactory’ for electric vehicle batteries by Tata, Jaguar Land Rover’s parent company, is set to be established near Bridgwater, Somerset, adjacent to the M5.

– The project, announced by Agratas (a Tata subsidiary), is expected to generate up to 4,000 direct jobs and additional employment opportunities within its supply chain.

– This development positions Somerset as a potential leading hub for electric vehicle battery production in the UK.

– Tata’s subsidiary Agratas will operate the company’s first battery manufacturing facility outside India in Somerset, UK, with a planned capacity of 40GWh.

– This capacity represents nearly half of the UK’s anticipated needs for local electric vehicle (EV) production by 2030.

– The Somerset factory will initially supply batteries to Tata Motors and Jaguar Land Rover (JLR), with plans to expand production for other uses including commercial vehicles, two-wheelers, and energy storage.

– Tata aims to integrate with local education by collaborating with schools and colleges for engineering-focused training programs, enhancing workforce skills for the future.

– The facility will produce cells in a rectangular prismatic format, with flexible cell chemistry to incorporate future technological advancements.

https://evne.ws/3uIIHMx

BYD Opts Out of US Market Entry Despite Global Expansion

– BYD surpasses Tesla as the world’s leading electric vehicle (EV) seller, with the majority of its sales within China.

– Despite a global expansion plan, BYD has no immediate intentions to enter the US market, according to Executive Vice President Stella Li.

– The decision is influenced by the complex US market conditions and political challenges facing Chinese companies.

– Speculation about BYD’s expansion into the US heightened with its growth in Mexico and plans to build a factory there, aimed at serving the Mexican domestic market.

– BYD’s in-house manufacturing of approximately 75% of its vehicle parts and components significantly contributes to its competitive pricing and efficiency.

https://evne.ws/48D4LpJ

Amazon’s $823M Investment in Rivian EV Vans

– Amazon invested $823 million in Rivian Automotive’s electric delivery vans in the last year, integrating these EVs into its delivery fleet.

– This expenditure constituted approximately 19% of Rivian’s total revenue for the year, highlighting Amazon’s significant contribution to Rivian’s earnings.

– Despite an overall increase in spending on Rivian vans through the first three quarters of 2023, Amazon’s revenue contribution to Rivian decreased in the fourth quarter.

https://evne.ws/3uTDn8Y

Musk’s Bold Claim: Tesla Roadster to Break Acceleration Records

– Elon Musk claims the upcoming Tesla Roadster will achieve 0-60 mph in under one second, surpassing its initial 1.9-second acceleration estimate.

– Currently, the Rimac Nevera holds the record for quickest acceleration, achieving 0-60 mph in 1.74 seconds on legal road tires.

– To outperform the Nevera, the Roadster would require significantly more wheel torque and a lighter build.

– Skepticism arises as the Tesla Roadster’s development has shown little public progress since its announcement in 2015, leading some to label it as “vaporware.”

– Comparatively, Tesla’s Cybertruck has underdelivered on its initial performance promises, raising doubts about the feasibility of the Roadster’s ambitious acceleration goal.

https://evne.ws/3IlmZRU

EV Battery Manufacturers Secure Non-Chinese Graphite Sources

– EV battery manufacturers are actively securing graphite supplies from outside China to mitigate potential shortages as global EV adoption rises.

– Graphite is crucial for EV batteries, comprising 95% to 99% of the anode material in lithium-ion batteries, the largest component by mass.

– Currently, China dominates the global graphite market, producing nearly 70% of the world’s supply and over 90% of lithium-ion battery anodes.

– The U.S. Inflation Reduction Act incentivizes battery makers to source materials from non-Foreign Entities of Concern (FEOC), including China, affecting eligibility for tax credits.

– Companies like Nextsource Materials Inc. are becoming key players for EV battery makers looking to comply with IRA regulations by providing graphite from non-FEOC sources.

https://evne.ws/3uTDnG0

NFI Rolls Out Electric Truck Fleet and Charging Hub in Southern California

– NFI introduces a 38-port electric truck charging depot and maintenance facility to support Southern California’s port and logistics sectors.

– The deployment includes 50 new electric trucks from Volvo and Daimler, enhancing eco-friendly transport solutions.

– This initiative is part of the Joint Electric Truck Scaling Initiative (JETSI), aimed at boosting electric truck use, especially in communities most affected by pollution.

– The project’s second phase follows the opening of a 32-port charging depot by Schneider in June, marking continued efforts to expand electric freight transportation.

– Charging capabilities at the depot reach up to 350kW, offering a total capacity of approximately 7MW across all ports.

– The electric truck fleet will feature models like Freightliner’s eCascadia and Volvo’s VNR Electric.

– Plans include the addition of solar power and battery storage to the depot, with 1MW of solar and 8MWh of battery storage to be installed later in the year.

https://evne.ws/3uTDoty

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