January EV Report
The following EV Report was written and contributed by SGIN Member: Andrew McPherson (email@example.com)
- Tesla: Despite supply chain issues affecting the entire auto industry, Tesla delivered a record 936,172 vehicles in 2021, up from 499,500 in 2020. (Green Car Reports 1/4/22)
- Chrysler announced that its entire lineup will be all electric by 2028 ( Green Car Reports 1/5/22)
- Rivian announced their plans to build a second factory in Georgia with construction scheduled to begin in summer of 2022. The $5B factory will employ more than 7500 workers and have an annual production capacity of 400,000 vehicles. (Green car Reports 12/17/21) (Rivian is a newly formed all electric manufacturer focusing on the light truck market).
- Toyota announced their plans to build 30 EVs across its main Toyota and Lexus luxury brand by 2030. Toyota forecasts that they will sell 3.5 million EVs annually by 2030. (Green Car Reports 12/15/21)
- Nissan unveiled an ambitious plan to launch nearly 2 dozen EVs and hybrids and invest in solid state batteries by 2030. Their new plan called, Nissan Ambition, calls for 23 electrified models for Nissan and Infiniti brands globally. Nissan states they plan to be carbon neutral by 2050 and will be investing $17.6B over the next 5 years to move towards the accomplishment of this goal. (Green Car Reports 11/29/21).
(For further information, Green Car Reports and Bloomberg’s HyperDrive are available online free at greencarreports.com and bloombergbusiness.com)
Electric cars may be nearing a tipping point for mass adoption in the United States, according to a new Ipsos study. Interest in EVs has tripled since 2018, with over a third of U.S. consumers now willing to consider an EV, according to the study. That increased interest is happening at the perfect time, as rising gas prices could fuel more serious consideration of EVs, Ipsos noted.
Other factors could help as well. Automakers are launching a larger number of models, with many, such as the 2022 Ford F-150 Lightning, competing in the most popular new-vehicle segments. Analysts also anticipate that plans to expand incentives and charging infrastructure included in pending federal legislation will help boost adoption. Range anxiety issues, long considered a major barrier to purchase of an EV is becoming less of an issue as manufacturers are bringing new cars into the marketplace with ranges in the 250-300 mile area. Mercedes just set a record with a prototype EV capable of over 600 miles of range.
Sales of alternative energy vehicles in China are forecasted to reach 3 million units by the end of 2021, more than double the numbers of 2020. (Bloomberg 12/20/21). Closer to home, a recent survey conducted by Narrative Research of Halifax found that 42% of Atlantic Canadians buying a new or used vehicle in 2022 are considering an EV.( Huddle 12/23/21)
- Hyundai recently unveiled a coordinated home energy ecosystem handling EV charging, solar and home energy storage. Dubbed Hyundai Home, the service will provide one stop shopping for these products to Hyundai customers and is scheduled to launch in limited markets in 2022. (Green Car Reports 11/29/21). Hyundai is also in partnership with Shell to expand the hydrogen infrastructure in California. “Project Neptune” calls for the construction of 48 new hydrogen stations starting in 20222. (Green Car reports 10/12/21)
- Audi recently unveiled a new way to add urban charging options, based on modular hubs that include charging stations and airport like lounges. Target market is for those who cannot charge at home. A pilot charging hub is scheduled to open in Nuremberg December 2023. (Green Car Reports 12/30/21.)
- Massless Structural Batteries: As a way to reduce weight in battery EVs is to force the batteries to multitask by serving as part of the vehicle’s structure. For example, raw, uncoated carbon-fibre strands are great electrical conductors and because they typically include tiny voids that can easily accept lithium ions, they function well as a battery’s negative electrode and by applying a lithium-iron phosphate/graphene coating to said fibres creates a structural cathode. Early studies indicate that such technology could lower body mass by as much as 26% and boost range by 20%(Tesla Model S). Cost estimates for this new technology are not yet available. (Motor Trend 1/8/22).