EVWorldNews

Tag: Electric Pickup Truck

  • Lack of awareness about Electric Vehicle battery hurting market

    Electric vehicle battery recycling is an industry which has been booming off late and is a key factor about lowering the carbon footprint of the electric vehicles but close to half of the Americans are currently of the belief that the EV batteries are meant to be discarded after use. A study which has been carried out has revealed that close to 47% of the Americans think that the EV batteries are not recyclable. Over one-third of the people think that the Americans do not understand that the recycled batteries for the making newer electric vehicle batteries. Only a few of the Americans have an understanding that the critical materials in this can be recycled over without the loss of the performance. This is a major blow to the market which prides itself on the recyclability of the product.

    There are many myths which are prevailing for the electric vehicles which are stopping the growth of the market. The market experts are of the opinion that the myths and misconceptions about the electric vehicles and in particular about the recycling of electric vehicles has been hampering the industry. They feel that while the industry has been making great progress in terms of efficiency and the cost-effectiveness of the recycling of lithium-ion battery but these are only false narratives about the Electric vehicles which continue to go on. They are changing this by creation of an infrastructure which is going to make it unthinkable for letting the battery to go to dust as they are way too valuable.

    Also Read : Tesla is coming to Thailand to compete with BYD – EV World News

    There are studies which prove that the attitude of the Americans is a lot more positive than what it was earlier but the misconceptions still remain with regard to the Electric vehicle batteries. Overcoming this challenge is going to be critical for the growth of the electric vehicle battery market.

  • Tesla is coming to Thailand to compete with BYD

    Tesla has now launched the sales of its car sales in Thailand as it has been offering its popular cars Model Y and Model 3 at the prices which are aimed to compete with the rivals such as BYD from China.

    The company has been staging a glitzy showcase of the plans it has and this Wednesday was a huge showcase in the Siam Paragon Mall in Bangkok. The online purchases have started with the plans of delivering the vehicles to buyers in next year’s first quarter.

    Also read : ZS EV Affordable vehicle for the Indian Markets (evworldnews.com)

    The market of Southeast Asia has a population of over 600 million people and the focus is growing increasingly on the automakers who are now looking at expanding their sales of the electric vehicles. 

    Tesla has said that the vehicles are going to have the latest systems of navigation and a few other features like the software updates over the air.

    This company is selling its Performance and Model 3 Long Range models. The Model Y is going to be sold in three different versions for meeting specific demands of Electric vehicle lifestyle for each Thai driver.

    As per the local feedback, the price which is set at $50,000-71,000 is lower than what the people were expecting. There are very less after sales concerns too. They are not worried about that as the parts are not at all complicated in comparison to the combustible cars.

    There are many countries which are looking to launch their cars so there are better choices and that is going to be great for the consumers as per them. Tesla has said that it is going to start its first supercharger station and service station.

    Tesla said that it is going to open its first service center and supercharger station in Thailand by the month of March and is going to plan to have close to 10 set up in Thailand in the year 2023.

  • Electric vehicle battery cost is going increase further.

    The costs of the Electric vehicle battery have been soaring in the year and that is because of the material and battery component prices increasing.

    Price of the Lithium-ion battery pack’s volume-weighted average has reached an amount of $151 per kwh in the year which is an increase of 7% over the year 2021. This is going to mark the first time average increase since the BNEF had begun the tracking of prices in the year 2010 and it delays the price parity of electric vehicle with the internal combustion cars.

    Also read : Indian Celebrities owning electric cars. – EV World News

    This is a figure which represents an average through different end uses of multiple battery including the different kinds of the electric buses, vehicles and the stationary energy storage adding that a specific average for the EV packs was $138 per kwh in the year 2022.

    The average prices may have been higher in the year had it not been for the increased adoption of lower cost of lithium chemistry as the alternative for NMC which is used by a lot of manufacturers. On an average, the LFP battery cells had been 20% lesser than the NMC cells.

    Though, the overall cost increase has been outpacing the increase in the adoption of LFP chemistry as per BNEF. LFP had also not been immune to the rise in the cost. On the pack basis, the prices had risen by 27% in the year 2022.

    The battery price increase has also come despite a lot of announcements due to battery manufacturing which is going to eventually increase the supply but has not begun to impact the market yet.

    The BNEF is expecting the battery costs to for dropping once again in the year 2024, when more of the lithium mining and refining capacity is going to be online and it will reduce the prices of the market.

  • EV chargers to be installed by General motors in Rural America.

    General Motors is going ahead with its plans which include the installation of 40,000 EV chargers. Most of which is going to take place in the rural parts in America. This is going to come as the plans of GM including selling exclusively for the zero-emission passenger vehicles by the year 2035. This is not going to be the Level 3 fast chargers but the slower ones but they are going to be powerful ones. These will be going in the locations where the EV drivers may be able to leave their vehicles parked for a couple of hours like the sport venues, parks or the downtown shopping districts. These are chargers which are going to have the industry-standard plugs which might be used by most of the electric vehicles and not only the likes of GM and Tesla.

    As of now there are 43,000 such charging stations in America. If all the units get installed, they would be able to double their number of stations.

    For now, 1,000 dealers of GM have come on board for the installation of 10 chargers per its dealership. Many of the GM dealership owners are the independent business owners and own over one dealership. The chargers are not going to be installed at the dealerships though but through the local area where the dealerships are based.

    As of now, most of the electric vehicles in the country are sold on the coastal areas such as California and New York. The EV chargers as of now are concentrated more in the suburban parts and urban parts of the nation around the major highways where they serve people who drive from one town to another.

    The dealers will get to select the location of the chargers in the communities where they are located or their dealership is located.

  • Ford Electric Vehicle doubles down on its UK operation

    Ford electric vehicles has now doubled on the commitment it had to the United Kingdom as the hub of its Electric vehicle Europe operation for the electric vehicle powertrain production thanks to the backing of £600 million from the UK Export Finance which supports the high-skill jobs of manufacturing.

    This investment is a part of the plans of the government for putting the United Kingdom at the forefront of the development of electric car in Europe as the country is going to transition into a net zero.

    Ford has also received a support from the UKEF through the EDG scheme which is going to turbo charge the transition of Ford towards the electrification and expand the manufacturing capacity and the export capacity towards a continuous support in terms of investment in the United Kingdom.

    Also Read : https://twitter.com/evworldnews/status/1598565601043169281

    The sole coordinator on the loan was Citibank Europe PLC. There were six lenders who have an equal share in this facility. The international market is booming which keeps driving growth and creating job opportunities right across the United Kingdom. The auto industry is among the shining lights in the economy and there is a determination which is shown by the authorities to seize on the opportunity as the whole world is now working towards carbon emission free when it comes to driving.

    Ford Electric vehicle 2021 is among the largest exporters of the United Kingdom. Engines and the transmissions are transported from their facilities in Halewood and Degenham to twelve different countries across the world.

    Also Read : Emerging countries to lead the Electric Vehicle charge (evworldnews.com)

    The loan which is backed by the UKEF is going to initially support an investment of 125 million for funding phase two of the electric vehicle powertrain hub of manufacturing.

    It is estimated that Ford Electric Vehicle 2020 is going to help in the securing of 500 jobs at Halewood which is also going to be a huge part of the growth in the economy as well.

  • Canoo electric vehicle delivers on first pickup truck

    EV startup Canoo which was struggling for the last few years has delivered the first pickup truck to the army of the United States for the purpose of analysis and demonstration. The LTV of the company is built on same platforms such as Duplo of Canoo which is a toy-looking prototype of an Electric Vehicle truck which had been revealed in the year 2021. This is a major achievement for canoo electric vehicle

    Back in the month of July, the army had announced that Canoo was awarded a $67,500 contract for producing a new light to the heavy duty BEV or the series-hybrid electric vehicle for the Government analysis and demonstration as per the analytics.

    Also Read: Construction activities Kalabarri electric vehicle chargers Australia (evworldnews.com)

    Canoo electric vehicle comes from a company which had been founded in the year 2017 by a couple of former Faraday Future employees, has developed many EV concepts including a delivery van which can be used for many purposes and the electric truck. This is a company which is also working on the lifestyle vehicle which had chosen by NASA to transport the astronauts to launchpad as the part of Artemis mission to Moon.

    LTV is a modular vehicle which can be transformed into many configurations including the flatbed truck, cargo vehicle or mounted with ramps, racks, tents, storage boxes or the tactical system. Canoo has said that the LTV has been engineered for the extreme environments and includes stealth configurations using the carbon Kevlar for durability and strength. The electric vehicle development will be a huge step for both the company and the army.

    Drivetrain of the all-wheel drive vehicle has the ability to put out 600 horsepower with the air springs, a raised suspension along with the 32 inch all-terrain tires for building higher ground clearance which is suitable for the rugged and extreme conditions.

    Whether Canoo is going to now get green light for putting LTV into the production is a decision which is going to rest with the army now and will depend on how much the electric vehicle market share is going to be for this company.