GM Showcases Bidirectional Charging with Silverado EV Powering a Mansion

– GM unveiled its new energy suite allowing power sharing between electric vehicles (EVs) and homes.

– The GM Energy Powershift Charger costs $1,699 (bidirectional EV charger).

– The GM Energy V2H Enablement Kit is priced at $5,600, including an AC-DC inverter, Home Hub (load management computer), and a dark start battery.

– The bundled package of the charger and enablement kit is available for $7,299, excluding installation costs that can vary.

– GM partnered with Qmerit, a national EV charging installer, to facilitate customer installations.

– At the demo, GM powered a mansion by flipping the main breaker and switching to the Silverado EV, taking around 35 seconds for the transition.

– The Silverado EV can output 9.6kW, sufficient for most daily power needs but not high simultaneous loads.

– With its massive 200kWh battery pack, the Silverado EV can power an average American home for approximately 5-6 days.

– GM aims to reduce the grid-to-car power switchover time, although it will be slower than dedicated home battery solutions.

– GM Energy plans to sell stationary home battery storage (10kWh, 17kWh, and 35kWh options) and solar integration later in 2024.

– The batteries use modular 1.7kWh units stacked in packages of 6 or 10 units.

– Tesla’s Powerwall can switch over in around 200 milliseconds, significantly faster than GM’s current system.

– Initially, GM’s EVs will only be compatible with GM Energy’s products, but cross-compatibility with other systems is planned once the ISO 15118 standard is finalized.

https://evne.ws/4akhT3C

Lucid’s Affordable Mid-Size Electric SUV Named “Earth”

– Lucid Motors has trademarked the name “Earth” for its upcoming mid-size electric SUV, expected to launch in 2026.

– The “Earth” nameplate was discovered in a trademark filing, along with variations like “Lucid Earth” and “Earth Dream Edition.”

– Sized similarly to the Tesla Model Y, the Lucid Earth is targeted to have a starting price below $50,000 (around $48,000 as per CEO Peter Rawlinson).

– Rawlinson stated that Lucid will prioritize unrivaled efficiency levels to deliver competitive range figures for the Earth SUV.

– The Earth will slot below the larger Gravity SUV, which is scheduled to begin production in late 2024 with a projected range of up to 440 miles (708 km) and pricing under $80,000.

– In a quote from the Q1 2023 earnings call, Rawlinson said: “Customers will find an unprecedented combination of space and maneuverability, luxury, and versatility, all seamlessly integrated into one remarkable vehicle with the driving experience and range of a true Lucid.”

https://evne.ws/3QHuIOC

VW’s Affordable EV Ambitions: Dissecting the ID.1 Plans

– Volkswagen is actively developing an entry-level electric city car, tentatively dubbed the “ID.1,” aimed at making EVs accessible to the masses.

– Slated for a potential 2027 launch, the ID.1 is envisioned as a successor to the recently discontinued e-up! model.

– Despite the current slump in EV sales across Europe, VW remains committed to bringing the ID.1 to market, as stated by CEO Thomas Schäfer: “The future of Volkswagen is electric. We stand by our plans.”

– Achieving a target price point of around €20,000 (approximately $21,800 USD) for the ID.1 is “extremely challenging economically,” according to Schäfer, due to the high costs associated with battery production.

– To make the ID.1 financially viable, VW is exploring four different manufacturing scenarios, including the possibility of collaborating with Renault to leverage the French automaker’s next-generation Twingo platform and potentially outsourcing production.

– Range is a critical factor, with Schäfer indicating that a range of 300 km (186 miles) is being targeted, as a lower figure of around 150 km (93 miles) may not be compelling enough for customers.

– While VW is developing a new low-cost EV platform called the “China Main Platform (CMP)” for the Chinese market, importing the ID.1 from China is not being considered as an option.

https://evne.ws/3WExKa9

Used EV Prices Plummet, Narrowing Gap with Gas-Powered Cars

– Carvana, the online used-vehicle retailer, revealed a significant 16% drop in average EV sale prices during Q1 2024, plunging from $37,000 (Q1 2023) to $31,000.

– This $6,000 decrease has narrowed the price differential between used EVs and internal combustion engine (ICE) vehicles to $7,000, a substantial reduction from the $13,000 gap observed in Q1 2023.

– Despite EVs accounting for 7.6% of new car sales, their presence in the used market remains modest at just 1%.

– Carvana’s report highlights the declining EV prices as a growth opportunity for the used EV market, indicating potential for increased adoption.

https://evne.ws/4bEPUgp

Rivian Keeps R2 Order Numbers Under Wraps to Avoid Customer Confusion

In a recent interview with Bloomberg, Rivian’s CEO, RJ Scaringe, expressed his enthusiasm for the company’s upcoming midsize SUV, the R2, while declining to disclose the current order backlog. Scaringe cited concerns about potential “churn and noise from a customer point of view” as the reason for withholding the information.

The R2, along with its sibling, the R3, is built on Rivian’s latest midsize platform, which was unveiled in March. The R2 is expected to have a starting price of around $45,000 (approximately £35,000), while the R3 will be even more affordable. Deliveries of the R2 are slated to begin in the first half of 2026 in the United States.

Scaringe emphasized the positive reception of the R2, stating, “the excitement around R2 and just the product and what it represents for us in terms of expansion of the brand has been outstanding.”

Rivian’s introduction of these lower-cost vehicles marks a significant step in the company’s growth and accessibility to a wider market. The automaker recently received an $827 million (approximately £645 million) incentive package from the State of Illinois to support the expansion of its plant in Normal, Illinois, as it gears up for the production of this new generation of electric vehicles.

https://evne.ws/3WzFB91

Canoo’s Postal Van Surprise

– Canoo is to supply six LDV90 electric vans to the United States Postal Service (USPS) as part of a trial program

– The LDV90 is a compact cargo van variant without a traditional cab, similar in concept to GM’s Brightdrop Zevo 600 EV van

– Features Canoo’s patented steer-by-wire and low-profile suspension technologies for enhanced maneuverability and ergonomics

– Part of USPS’s $40 billion investment to modernize processing, transportation and delivery networks

– Compact urban delivery vans are well-suited for EVs due to short ranges and stop-start duty cycles

https://evne.ws/4bEQIlr

Yangwang U9 Electric Supercar to Debut at Goodwood Festival

– Yangwang, BYD’s high-end division, is set to unveil the U9 electric supercar at the Goodwood Festival of Speed 2024, marking the vehicle’s first appearance outside of China.

– On May 7, two units of the Yangwang U9 embarked on their journey to the UK aboard a roll-on/roll-off ship, aiming for the prestigious motorsports event.

– The Goodwood Festival of Speed, a renowned event since 1993, takes place in Goodwood, England, and celebrates the world of motorsports every June and July.

– Last year, Nio was the sole Chinese automotive startup to participate in the festival, showcasing its ET5 sedan.

– The U9 was officially launched on February 25, with the two-seater model priced at RMB 1.68 million (approximately $232,500). This electric supercar is powered by four electric motors, each delivering a peak power of 240 kW, culminating in a total peak power of 960 kW.

https://evne.ws/3wpuwwG

Tesla Cybertruck Full Self-Driving Delayed by Months, Musk Confirms

– Tesla CEO Elon Musk recently announced on social media platform X (formerly Twitter) that the highly anticipated Full Self-Driving (FSD) feature for the Cybertruck electric pickup will not be available for quite some time.

– Despite being Tesla’s most advanced and expensive vehicle, the Cybertruck has been delivered to customers without key driver-assist technologies like FSD or even basic Autopilot, putting it behind the company’s more affordable models in terms of autonomous driving capabilities.

– Responding to inquiries from eager Cybertruck owners about when they can expect FSD, Musk stated, “We must focus on FSD for the other 99% of the fleet. Cybertruck FSD is a few months away.”

– This news has been met with mixed reactions from the EV community, with some expressing frustration that the $20,000 Foundation Series package, which heavily factored in the $12,000 FSD price at launch, now seems overpriced given the FSD cost has since dropped to $8,000 and the feature is still months from release.

– The delay means Cybertruck buyers are currently getting less advanced driver-assist functionality than they likely expected for the premium price, as they wait for Tesla to optimize the FSD system for the new platform.

https://evne.ws/4bB7IZz

Seat to Introduce Affordable Electric Vehicle Under Cupra

– Seat is set to continue its legacy with the introduction of an affordable electric vehicle (EV) that will be priced below the Cupra lineup. This move aims to quell the ongoing speculation about the brand’s future direction, which was stirred by comments from Thomas Schäfer, the chairman of Seat and Cupra’s parent company, suggesting that the future focus would be on Cupra.

– Wayne Griffiths, the head of Seat and Cupra, has clarified that the development of a cost-effective electric car is on the horizon, contingent on the feasibility of producing such vehicles at a profit. This strategy is seen as a pivotal moment for Seat, marking its entry into the competitive lower-priced electric vehicle segment.

– Despite the current emphasis on the more lucrative Cupra brand, which significantly contributed to Seat SA’s €625 million profit last year and now represents nearly half of the company’s sales volume, Griffiths assures that Seat will not be sidelined. The brand’s evolution towards affordable electrification is anticipated once market conditions and demand align with the company’s profitability goals.

– For the time being, all new vehicles introduced by the Seat group will bear the Cupra brand, highlighting the company’s strategic focus on this more profitable division.

https://evne.ws/3R6aq1F

Volvo to Introduce Mega-Casting for Next-Gen EVs in 2026

Volvo has announced plans to implement mega-casting in the production of its next-generation electric vehicles, set to begin in 2026 at its Torslanda plant in Sweden. This advanced manufacturing process, which involves pouring molten metal into a die-cast mould to create large single car parts, is expected to significantly improve efficiency and provide greater design flexibility for future vehicles.

The introduction of mega-casting will coincide with the launch of Volvo’s SPA3 platform, marking the third generation of the company’s dedicated electric car architectures. Given Volvo’s strong focus on SUVs, it is speculated that the first model to benefit from this new production process could be the EX60, an electric counterpart to the brand’s current best-seller, the XC60.

By producing large sections of a car platform as single pieces, mega-casting eliminates the need to manufacture and assemble numerous separate parts, streamlining the production process. This technique has already been adopted by Tesla and is set to be introduced by Toyota in their future models as well.

https://evne.ws/4dBlzB4

BYD Plans Affordable EV Launch in Europe, Eyes Expansion

Chinese automotive giant BYD is contemplating the establishment of a second manufacturing facility in Europe by 2025, as announced by Michael Shu, the company’s European managing director. This statement was made during the FT’s Future of the Car conference. Shu highlighted BYD’s strategy to introduce a cost-effective electric vehicle (EV) to the European market, modeled after its Seagull version available in China. In China, the Seagull is priced under $10,000, and the European variant is expected to be priced under 20,000 euros (approximately $21,550).

Shu expressed optimism about BYD’s prospects, stating, “We are confident that we could be in a leading position by 2030.” This ambition is backed by BYD’s ongoing initiatives, including the construction of its first major EV production facility in Hungary, which was announced last December. This plant marks BYD’s significant footprint as the first major Chinese automaker to establish a production base in Europe.

The timing of Shu’s remarks coincides with Chinese President Xi Jinping’s visit to Hungary, which is the last leg of his first European tour in five years. Under Prime Minister Viktor Orban, Hungary has developed robust trade and investment ties with China, distinguishing itself from some other European Union countries. This relationship has facilitated investments from Chinese battery and EV manufacturers in Hungary, strengthening the economic bonds between the two nations.

https://evne.ws/4bxtLAo

Used Electric Vehicle Sales Soar in Q1 2024, Capturing Record Market Share

The first quarter of 2024 saw a surge in the second-hand electric vehicle (EV) market, with sales up by 71% year-over-year, according to data released by the Society of Motor Manufacturers and Traders (SMMT). This growth was primarily driven by an influx of zero-emission vehicles from company fleets entering the used car market and finding new owners.

Battery electric vehicles (BEVs) captured a record-breaking 2.1% share of the used car market during the three-month period, with 41,505 units sold. This marks the highest market share ever achieved by zero-emission vehicles in the second-hand market.

In contrast, traditional petrol and diesel vehicles saw their market share decline by two percentage points, as consumers increasingly opted for the expanding range of used low and zero-emission models available.

https://evne.ws/4bxmqRp

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