Be The Change
Cadillac Global Vice President Ron Harvey confirmed the luxury automaker will debut three new EVs in 2023, that they will produce in multiple factories across different regions, including North America.
Source :: Green Car Reports / Detroit Free Press / Automotive News 🔒 /
General Motors, Ford, and other large manufactures have recently committed billions of dollars towards further development of internal combustion engines (ICE) and their dinosaur-juice fuelled vehicles.
Commenting on his competitors’ slower move to electric vehicles, Volvo Cars’ new CEO Jim Rowan is promoting a different approach, and cautions his competitors against hedging their bets by investing heavily in internal combustion engines (ICE) as they “risk missing the market.”
LMC Automotive reported EV sales surged 72% globally to 7.97 million vehicles in 2022. Nearly 10 percent of new light vehicles sold were pure battery electric vehicles (BEV).
Volvo EX90
Volvo is introducing two new EV in 2023 and plans to launch a new EV model every year for the next three or four years.
The flagship Volvo EX90 all-electric 7-seat SUV and a second, more modest crossover will both be in production by the end of this year.
Source » Automotive News 🔒 /
The Ford Mustang Mach-E electric crossover will gain a new lithium-iron-phosphate (LFP) battery in Europe that, Ford says, will help to make its EVs more “affordable and accessible” to customers.
Planned to be sold alongside the existing Mach-E both in the UK and on the continent, which features a nickel-cobalt-manganese (NCM) battery set-up, the models equipped with an LFP battery will last longer, benefit from lower costs and charge faster, Ford says.
Elsewhere :: Cars UK / Electric Cars Report /
The White House issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built in the USA, and with 55 percent of their cost coming from U.S.-made components by 2024.
The Biden administration has worked diligently on the new rules. After nearly eight months of debate, the White House this will jump-start the biggest transformation of the U.S. driving landscape in generations.
Companies that hope to tap $7.5 billion in federal funding for the EV charging network must also adopt the dominant U.S. standard for charging connectors, known as “Combined Charging System” or CCS; use standardized payment options; a single method of identification that works across all chargers; and work 97 percent of the time.
Tesla plans to incorporate the CCS standard and make other changes to its proprietary network that limits which EVs can use the Superchargers.
Tesla has made these changes in other parts of the world – Europe, China, for example – since at least 2021, and there is no logical reason this cannot be incorporated anywhere else.
The White House is partnering with Tesla to expand electric vehicle charging infrastructure in the US, with the company opening at least 7,500 of its chargers to all electric vehicles (EVs) by the end of 2024, the White House announced on Wednesday.
Tesla’s agreement to open part of its proprietary car-charging network to drivers of other brands should make it far easier for electric vehicle (EV) owners to charge away from home, potentially accelerating adoption.
Highlights as spelled out by the White House ::
Jack Ewing of The New York Times, makes the case that increased competition, government incentives, and falling prices for lithium and other battery materials are making electric vehicles more affordable, and could soon be on a par with more internal combustion (ICE) cars. Perhaps even by the end of 2023.
The battery-powered version of GM’s Equinox crossover, for example, will start around $30,000 when it arrives this fall, the carmaker has said. That is $3,400 more than the least expensive gasoline-fueled Equinox. But factoring in government incentives, the electric Equinox should be cheaper. Like all electric vehicles, the car will need less maintenance, and the electricity to power it will cost less than the gasoline used by its combustion engine equivalent.
The article also makes the point that the EV will require less maintenance, and “the electricity to power it will cost less than the gasoline used by its combustion engine equivalent.”
Read More :: Seattle Times
Magna announced it is investing more than $470 million to expand its operations across Ontario. The growth includes a new battery enclosures facility in Brampton. The company is also expanding it’s operations in Guelph, Belleville, Newmarket, Windsor, and Penetanguishene.
These expansions follow new business awards from various automakers in key product areas.
Hyundai Motor Group, which owns both the Genesis, Hyundai, and Kia auto brands, made a significant investment in the US, purchasing a building in the in the Tribeca neighborhood of Manhattan to house offices and a showroom.
Source :: Bloomberg
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