The Biden Administration wants to bet big on electric vehicles. Can it implement policy that reduces transportation emissions while positioning America as the leader in global EV production?
Lithium-ion batteries are everywhere — in phones, laptops, tablets, cameras and increasingly cars. Demand for lithium-ion batteries has risen sharply in the past five years and is expected to grow from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, mostly due to the boom in electric cars.
And a shortage of lithium-ion batteries is looming in the U.S. Former Tesla CTO and Elon Musk’s right-hand man, JB Straubel, started Redwood Materials in 2017 to help address the need for more raw materials and to solve the problem of e-waste. The company recycles end-of-life batteries and then supplies battery makers and auto companies with materials in short supply as EV production surges around the world. Straubel gave CNBC an inside look at its first recycling facility in Carson City, Nevada. Watch the video to learn why battery recycling will be an essential part in making EV production more sustainable.
Lucid, Fisker, Rivian and Canoo are among the well-funded startups racing to release new electric vehicles. WSJ asked CEOs and industry insiders how new auto companies plan to challenge Tesla’s market dominance and take on legacy car makers. Photo composite: George Downs
U.S. automakers are finally making bold commitments to electrify their fleets, but in the short-term, there may not be enough lithium-ion batteries to go around. While China dominates the battery manufacturing supply chain, and Europe is working to catch up, the U.S. still lags far behind.
As batteries become a matter of energy independence and national security, here’s what the U.S. can do to catch up. As automakers continue to grapple with a semiconductor shortage, some experts say the next supply chain crisis for the U.S. could involve lithium-ion batteries. As companies like GM, Ford and a slew of start-ups are ramping up their electric vehicle ambitions, current battery production in the U.S. will not be able to keep up with demand.
Mercedes-Benz is perhaps the biggest name in luxury cars globally, and for countless buyers around the world, it is a car brand to aspire to own. The German automaker has a reputation for superb build quality, excellent engineering, and the bragging rights that its founder Carl Benz invented the first production automobile.
Today, Mercedes-Benz faces a new class of challenges as Tesla has become the aspirational brand for younger consumers. There is a slew of other EV hopefuls vying for the next generation’s aspirational vehicle’s mantle. Automakers have had to sink billions into new technologies and contend with a new crop of competitors in the critical Chinese market and around the world.
Born in the U.S.A, this 1960s VW Beetle Wizard gained its popularity in the midst of a custom car phenomenon with looks overriding performance, though it didn’t kick off in the UK until the 80s. Eye-catching, noisy and cool was the goal. About Car S.O.S Series 9: The best car restoration series with a big heart is back to bring a warm smile to all!
Master mechanic Fuzz Townshend and parts-blagging petrol head Tim Shaw set off on a mission to save decaying classic cars from their unsuspecting but very much deserving owners. The cars are taken to the Car S.O.S. garage with Tim & Fuzz racing against the clock to carefully restore it to its former glory, leading to the big, surprise reveal.
The global electric vehicle market is heating up and China wants to dominate. The country has invested at least $60 billion to support the EV industry and it’s pushing an ambitious plan to transition to all electric or hybrid cars by 2035. Tesla entered the Chinese market in 2019 and has seen rapid growth.
China sold roughly one million more EVs than the U.S. in 2020. But there are signs the U.S. is getting more serious about going electric. President Joe Biden announced a goal to reach net-zero emissions by 2050 and investments in green infrastructure. Watch the video to find out how China came to dominate the market and whether it’s too late for the U.S. to catch up.
Purpose-built pickup truck features powered workbenches, tool storage, a modular expandable bed and more.
Canoo debuted its fully-electric pickup truck during the Motor Press Guild’s Virtual Media Day (VMD) in partnership with Automobility LA. The production version of the pickup truck will open for preorders in Q2 2021, with deliveries beginning as early as 2023.
As Tesla looks to expand to new markets, rumors are circulating that India could be next. While the 5th largest auto market could be big for the ev manufacturer, it’s filled with challenges and increasing competition.
There is an electric vehicle revolution sweeping the world, but India is lagging behind. Elon Musk has said that Tesla will enter India this year, but it’s not clear if that will actually happen. On January 8th, Tesla took its first step towards launching in the country, registering Tesla Motors India and Energy Private Limited in Bengaluru.
But when Tesla does eventually come to India, it won’t be easy. The electric vehicle industry is in its infant stages there, lacking much of the infrastructure needed for widespread adoption. And the most popular vehicles are motorcycles, rickshaws and budget passenger cars. Watch the video to find out what Tesla will be up against in India.
Subaru started as a small scrappy Japanese brand, brought to the states by a couple of American businessmen in the 1960s, and was quickly met with ridicule. But it persisted, and over the decades has gone from being a small niche player to one of the most successful brands in America.
Subaru has weathered economic recessions far better than much larger competitors, and it is positioned near the top of consumer satisfaction surveys. But the ever-changing auto market presents some challenges for them, and they need to adapt to keep up.
When Subaru entered the United States in the 1960s it was panned by critics, and actually advertised its own cheap ugliness. Over the next several decades it would become a highly successful brand through a combination of offbeat but practical cars and a relentless focus on understanding its own customers.
The scrappy brand enjoyed a 93-month sales increase streak that ended in 2019, and it has found ways to survive during the coronavirus pandemic. But it is not without challenges. The intense demand for its vehicles has at times brought growing pains — quality issues and recalls gave led to an unusual quarterly loss in 2018.
There is also pressure on the company, like all automakers, to develop some kind of electrification strategy. Subaru does have a partnership with the much larger Japanese automaker Toyota, which is expected to soon produce an electric vehicle jointly made by the two companies.