Money Talks: The Electric Vehicle Revolution Trumps Red State Politics
The red state of Georgia is welcoming electric vehicle manufacturers with open arms and and a pocket full of financial incentives.
The red state of Georgia is welcoming electric vehicle manufacturers with open arms and and a pocket full of financial incentives.
The transition to electric vehicles is crucial to tackling climate change. Together with a big reduction in private car journeys via better public transport and cycling infrastructure, the replacement of combustion engines with EVs powered by renewable energy can take a big chunk out of that fifth of global CO2 … [continued]
A little over a week ago, several of us wrote about the end of the line for the Chevrolet Bolt and Bolt EUV. These vehicles aren’t the greatest EVs, but they occupy a pivotal space in the EV market. With liquid cooling, enough range to get to the next Electrify … [continued]
Car manufacturers are misleading investors by significantly underestimating the total distance travelled and fuel consumption of cars, as mandatory Scope 3 emissions reporting represent a ‘ticking carbon bomb’ for asset managers. Carmakers’ global emissions are on average 50% higher than what they report with Hyundai-Kia and BMW under-reporting emissions by as much … [continued]
After my article “There Will Be Blood” was published here on CleanTechnica, Peter Mertens, the former Head of R&D at Audi and former Board Member of Audi, Volkswagen, Volvo, and Jaguar Land Rover, and now Board Member of Faurecia, Recogni and Chairman of the Advisory Board of Valens, reached out to me and asked if I am interested in an interview with him.
While the administration just finalized its reduction in vehicle efficiency from 5 percent per year to no better than a measly 1.5 percent per year (despite their own evidence showing how bad it is for the country), that hasn’t stopped the auto industry from seeking even further reductions.
As a CEO of a large global automaker, you have a huge problem of existential dimensions. If you don’t solve it, it’s not just your job that’s lost, but you will be remembered as the person who is responsible for a century-long proud legacy ending.
After growing fat on expanding sales and record profits, the world’s automakers are now facing lean times. The decade-long global economic expansion is running out of gas, and the industry-changing trend of electrification, which automakers happily ignored when the profits were rolling in, now looms as an existential threat.
The US government has put car companies on notice that if they dare oppose the president’s plan to roll back fuel economy standards, they will be accused of antitrust violations.
Legacy automakers have a dilemma on their hands. Transitioning to electric cars is hard. A few German automakers have calmly voiced their concerns. Others have resorted to all-out whining. So what about Big Auto in America? To get some perspective, Seeking Alpha’s Scott Morton takes a look at GM’s vexing EV challenges as the company tries to face off with Elon Musk on Tesla’s turf.