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February 2024
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The Economist (February 3)

2024/ 02/ 04 by jd in Global News

Between 2012 and 2022, half of the Americans who adopted EVs and PHEVs were “living in the 10% of counties with the highest proportion of Democratic voters.” Polarization may best the biggest obstacle limiting “the American market for electric vehicles.” Polarization “is cursing not only America’s politics but, increasingly, its culture and marketplace.”


Wall Street Journal (January 3)

2024/ 01/ 04 by jd in Global News

“Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars…. The Chinese rival’s ascent in the global pecking order has put new pressure on Tesla at a time when the U.S. electric-car maker is already leaning on steep price cuts to juice its sales.”


Wall Street Journal (November 20)

2023/ 11/ 20 by jd in Global News

“America’s spendthrift relationship with electric vehicles has lost some spark. It will take new generations of products to rekindle the romance on tighter budgets…. Whether or not adoption of EVs in the U.S. is actually stalling—the jury is out—it is clearly weaker than manufacturers were anticipating.” Average prices of EVs fell to “about $52,000 in October, down from around $65,000 a year ago” with U.S. sales levelling out at “around the 100,000-a-month mark.”


South China Morning Post (September 16)

2023/ 09/ 17 by jd in Global News

“The European Union is scrambling to answer SOS calls from its hi-tech industries to fend off the challenge of China’s manufacturing juggernaut. From electric vehicles (EVs) and solar panels to wind turbines and hi-tech batteries, European businesses say they are being eaten alive by Chinese imports sold well below market rates.”


Financial Times (September 15)

2023/ 09/ 16 by jd in Global News

Internal combustion engines “are on their way out,” while sales of EVs “are set to increase worldwide from about 10mn in 2022 to about 14mn in 2023, or 18 per cent of all cars sold.” This partly explains legacy carmakers low valuations, but the switch also lowers barriers to entry. “Chinese imports already account for about 15 per cent of EVs sold on the continent,” with Chinese automakers hoping to seize more of “a $130bn revenue opportunity by 2030.”


Washington Post (July 12)

2023/ 07/ 13 by jd in Global News

Toyota could “upend the EV business even as that business is itself upending the wider autos industry…. Think about what a breakthrough along the lines of Toyota’s claims would mean: A battery that can power a vehicle for 745 miles on a single charge, recharge in 10 minutes or less and is far less prone to overheating and fire. In other words, all the current hang-ups about EVs — range, refueling time, safety — disappear.”


Washington Post (June 9)

2023/ 06/ 10 by jd in Global News

China is now “the world’s leading exporter of automobiles, handily ousting Japan from that position. It is especially strong in electric vehicles. Two of every three EVs made in the world are made in China. As we think about China’s weaknesses these days (and it has several), it is worth remembering China’s formidable strengths and the degree to which it is intertwined into the global economy.”


Wall Street Journal (September 19)

2022/ 09/ 21 by jd in Global News

“A few years ago, auto executives weren’t sure there would be enough buyers for plug-in electric models. Now, they worry they can’t build them fast enough, while they intensify a multibillion-dollar rush to accelerate timelines and bring factories online.” In July, EVs and PHEVs accounted for “five of the six fastest-selling vehicles in the U.S,” where EVs have tripled in vehicle share over the past two years as “sales of other types of vehicles have declined.” Waiting lists now exceed a year for new electric models at GM and Ford.


Reuters (June 24)

2022/ 06/ 27 by jd in Global News

“A scramble for lithium” is creating “new risks for electric-car makers. Breathtaking prices are prompting the industry to find new ways to secure the crucial battery ingredient,” often through “direct contracts with miners and refiners” with “options to buy 100% or more of a project’s planned production capacity.” Although “vertical integration is tempting when times are tough,” it can leave buyers overstretched and “dealmaking under duress makes miscalculations more likely.”


New York Times (January 5)

2022/ 01/ 06 by jd in Global News

“Toyota Motor unseated General Motors as the top-selling automaker in the United States last year, becoming the first manufacturer based outside the country to achieve that feat in the industry’s nearly 120-year history.” Coming amidst a “tumultuous” year shaken by supply chain and manufacturing issues, the milestone also “underlines the changes shaking automakers… as they move into electric vehicles.”


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