EDITOR'S CHOICE

DoE: Correcting The Record About Electric Vehicle Sales

11 Nov 2023 | Synopsis

"...there has been some recent public discourse about sales, with claims that the industry is declining. Before these misconceptions sow more seeds of doubt, let’s set the record straight.

"Reality: Electric vehicle sales have been growing year over year...While EV sales may experience fluctuations in certain regions or specific time frames, data from Atlas EV Hub shows the overall trend is continued growth."

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Polestar 5 Revealed With Fast-Charging Technologies And 872 HP

11 Nov 2023 | Synopsis

"This will be Polestar's flagship sedan, designed with technologies borrowed from Formula 1...It'll have two electric motors that will spin out 872 horsepower and 664 lb-ft of torque...The Polestar 5 is slated to go into production in 2025...it will source the car's high-capacity batteries from SK On, a Korean battery manufacturer...also working with Israel-based StoreDot...will...in theory, be able to pack 160 km of range...in five minutes."

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Gamechanging Technology Could Extend EV Range To Over 3,000 Miles On A Single Charge

11 Nov 2023 | Synopsis

Pohang University of Science & Technology...unveiled a groundbreaking technique to amplify the energy storage capacity of batteries tenfold...Their innovative approach involved devising a special binding material capable of preventing a high-capacity silicon anode from expanding..

"POSTECH is not alone in the global race...a Chinese company has already pioneered an EV battery leveraging sodium...NASA's ingenuity is leading to the evolution of an enhanced solid-state battery..."

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The Rise of Electric Vehicles: Unveiling the Reasons Behind Record Highs

11 Nov 2023 | Synopsis

"In the second quarter of 2023, U.S. consumers bought nearly 300,000 new battery-electric vehicles (BEVs), marking a new record. This figure represents a more than 48% increase compared to the previous year and exceeds the total number of EVs sold in all of 2019.

"With environmental concerns at the forefront and more affordable and technologically advanced electric vehicles available, the future of the EV market looks promising."

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Plug It In, Turn It On, Drive It Off: Best U.S. Cities for Electric Vehicle Ownership

11 Nov 2023 | Synopsis

"S&P Global Mobility forecasts electric vehicle sales in the US could reach 40 or even top 50 percent of total passenger car sales by 2030.

"...a survey conducted by Roof Gnome, five U.S. cities stand out as the top destinations for drivers who have invested in EVs and seek locations that have also embraced the new green technology...California leads the United States in terms of EV laws and incentive programs, and five California cities topped the survey: San Francisco, Sacramento, Fresno, San Diego, and Los Angeles."

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How A Small East Texas School District Replaced Its Gas-Guzzling Buses With An All-Electric Fleet

10 Nov 2023 | Synopsis

"...the modest school district here has become the first in the state to entirely replace its diesel school bus fleet with no-emission electric buses...A single electric bus costs $400,000, about three to four times more than a diesel bus.

"The Texas Electric School Bus Project...advocates for electric school buses, estimates that somewhere between 13 and 20 electric school buses are on the road in Texas and approximately 170 additional buses on order."

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Electric Vehicle Roadblock: Dealerships Struggle To Keep Pace With the EV Revolution

10 Nov 2023 | Synopsis

"...in the 1940s and 1950s, dealerships lobbied for protectionist laws that prevented manufacturers from selling directly to consumers. Today, there are over 16,000 franchised auto dealerships that dominate the market.

"66% of these dealerships do not have an EV available for sale. 45% of those dealerships said that they were reluctant to offer EVs to consumers...it boils down to misinformation and adequate training..."

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Is Capitalism Dead? Respected Economics Professor Thinks It Is, And He Knows Who Killed It

10 Nov 2023 | Synopsis

"Traditional capitalists, he proposes, have become ''vassal capitalists.'' They are subordinate and dependent on a new breed of ''lords'' - the Big Tech companies

"A new form of algorithmic capital has evolved- what Varoufakis calls ''cloud capital'' -- and it has displaced ''capitalism''s two pillars: markets and profits...Access to the "digital fief" comes at the cost of exorbitant rents."

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Small US Town Votes Its Entire Government Out Of Office To Protest Chinese EV Battery Factory

10 Nov 2023 | Synopsis

"This came after the politicians backed the Chinese-linked company Gotion's plans to build an electric vehicle battery factory...The German car manufacturer Volkswagen owns 30% of Gotion...Although the plant would bring more than 2,000 jobs to the community, residents were worried about Gotion's alleged ties to the Chinese government.

"Gotion told Politico the CCP has no role in the company's North American branch."

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Advanced Nuclear Power Project Scrapped, In Blow To Biden Administrations' Clean Energy Agenda

10 Nov 2023 | Synopsis

"Oregon-based NuScale Power...has the only small modular nuclear reactor design certified for use in the United States... it was unlikely the project will have enough subscriptions from local power providers to continue...Most prospective subscribers were unwilling to take on the risks associated with developing a first-of-a-kind nuclear project..Costs have increased more than 50% in the last two years to $89 per megawatt hour."

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Which Is It, Already - Is US EV Demand Slowing Or Growing?

09 Nov 2023 | Synopsis

"Some media say EV demand is slowing, and other media claim there's record demand"...perhaps it's not that EV sales aren't growing, much less growing quickly - they are...both demand and supply are up. Going back to GM, its EV production climbed 40% from Q2 to Q3, while EV sales grew 28%

"...it's a mistake to imply that people don't want to buy EVs because data shows demand is resilient and sales are growing consistently."

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GM Invented Rare-Earth Magnets But Hopes To Purge Them From EVs

09 Nov 2023 | Synopsis

GM recently announced a partnership with Niron Magnetics, a Minnesota-based company that claims to have developed automotive-grade permanent-magnet motors without the rare-earth materials used in current designs...Niron's tech is based on iron nitride...limited supply of rare-earth materials has also led to concerns over high costs and price volatility.

"GM and Niron work to bring the latter's tech to future EVs, although no timeline...given.

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