#ElectricVehicles

Happy New Year, TTAC! We’re less than a full week into 2023 and there’s already a ton of EV and EV-adjacent news to cover that I was struggling to figure out where to start — that is until Stellantis took the wraps off the new Ram Revolution BEV concept truck at CES last night!

Say what you will about Tesla, but there’s no denying that the company’s charging network is a huge benefit and differentiator that has played a significant role in its growth and success over the years. Given the number of automakers moving toward electrification and the amount of money entering the arena, it’s surprising that we haven’t seen another manufacturer doing the same. Mercedes-Benz is jumping in to change that, announcing its intention to build a network of 10,000 fast chargers.

The Ram Revolution Concept is here. Ram took the wraps off its competitor to the Ford F-150 Lightning and Chevrolet Silverado EV at the 2023 Consumer Electronics Show in Las Vegas today.

I was scrolling through Twitter to kill time during halftime of whatever football game I was watching the other day -- god, I watched so much football this weekend, not that you care -- and I came across this column from Motor Trend editor Angus MacKenzie.

Automotive executives are reportedly scaling back their expectations for EV adoption, according to an annual survey conducted by KPMG International. Last year, professionals working at the top of the industry reported that they believed (on average) that over half of all new vehicles sold in the United States by 2030 would be battery-electric. But their faith in electrification appears to be evaporating, with most respondents suggesting that particular goal is no longer achievable. 

Porsche released a fairly impressive update for the Taycan EV this month, one that effectively halves the sport sedan’s charging time whilst using a Level 2 charger. 

Buick has big EV plans, and its dealers will be paying a big cost if they want to stay with the brand.

On Monday, the United States Treasury Department said it will issue proposed guidance for the updated EV tax credit scheme in March of 2023. However, the Inflation Reduction Act (H.R. 5376) directed the department to finalize its recommendations before 2022 was over by setting a December 31st deadline. While it sounds like bad news for automakers, the delay may actually work to their advantage by delaying new mineral and battery component requirements that may have made vehicles using foreign-sourced batteries ineligible.

As the best-selling vehicle in the U.S. and very nearly a brand (if not an entire economy) unto itself, major news about the Ford F-series pickup is almost always going to be the most significant automotive news of a given week – but, while there is huge F-150 news this week, the Blue Oval brand is going to have to take a back seat to this shocker: For the first time in well over a decade, the cost of making an EV battery has gone UP.

The Consumer Electronics Show, or CES, has long been an opportunity for people to discover new video games, computers, and more, but it’s increasingly becoming a significant platform for automaker product announcements. We already knew Stellantis was bringing concepts from Ram and Peugeot, but the automaker recently announced that it would also showcase its other brands. We could even see a new or updated EV from Chrysler.

Reuters is out with a report today showing that while the industry continues to make a strong effort to transition to electric vehicles, the ride won't be smooth, especially for investors.

With automobiles becoming heavier every year, the Insurance Institute for Highway Safety (IIHS) has announced that it’ll be updating its crash-testing rigs to handle more weight. Up until now, the heaviest model to see an IIHS sled has been the roughly 6,000-pound Audi e-tron. While all vehicles have been packing on mass lately, EVs tend to be substantially heavier than their combustion-reliant counterparts due to the battery. For example, the new GMC Hummer is so insanely heavy that there are roads that its 9,600-pound frame simply cannot handle. All that mass likewise means the IIHS is going to have a hell of a time doing any crash testing if its equipment isn’t ready.

With the United States having successfully passed the Inflation Reduction Act over the summer, the financial floodgates have been opened for battery suppliers. Despite often being framed as a massive infrastructure package that would also help tamp down U.S. inflation, the bill also included numerous items from the Biden administration’s climate agenda setting aside billions for industries vowing to go green. This includes the joint venture between General Motors and LG Energy Solution – which will receive $2.5 billion in loans to build three new lithium-ion battery factories.

Hyundai is the latest major automaker to announce a major electric vehicle battery production facility in the United States. Ford, General Motors, and others have already broken ground on new facilities, and Hyundai is joining them with an up to $5 billion investment in Bartow County, Georgia.

Electric vehicles offer longer-range estimates and faster charging times than ever, but none of that matters if there’s nowhere to charge in the first place. General Motors hopes to improve the charging situation – at least at its dealers – in the next few years, with tens of thousands of Level 2 chargers.