I would rather we go slow and do hybrids first, but the market wants EVs and everything green. Get ready with a power inverter and back up generator for you home.
The big disaster of electric cars will be clear as soon as there are no ICE engines anymore. There is in EU already 1 country where today already the government is afraid of a blackout, shortage of electricity in winter. There are plans each year since 2014 to cut off whole areas of electricty in case there is a shortage so that the essential infrastructure (hospitals, factories...) will have enough electricity. From next year on citizens get a limited amount of electricity and have to pay big fines if they go over that limit. The national infrastructure has reached its limit so consumption has to be reduced. Adapting the capacity of the infrastructure is so expensive that it cannot be done. Where are they going to get the electricity if 6 millions EV's need to recharge 50-100Kwh. That's an extra capacity of 6 million times between 11 and 50 Kwh during several hours. That's in total between 66 millions Kwh and 300 million Kwh during several hours?????????????? It is clear that even without these EV's there are already massive problems to deliver the needed electricity all over the country.
Fossil fuels are evil, so they must die and we all go green. But...Where does the green energy come from? It comes from the plug. And where does the power for the plug come from?
What? Tesla is not building cars? In the EU Tesla is not a powergrid at all. There is a huge difference between theoretical and practical. And EU is not USA. For the Sahara solar panels are very useful, but you cannot live there comfortably nor drive a car. If you have solar panels at home but go to work with your car, how can you take advantage of your solar panels? The energy is at home and the car at work.
a solar city solar panel on your roof charges your Tesla wall battery that runs your house and your charges your car. the electric power plant and the gas station are simultaneously obsoleted by one company. and that car doesn’t have to be a Tesla as Tesla has commented they will license their auto driving technology to other manufacturers. Tesla’s groundbreaking bond offering in 2018 didn’t include the battery plants as collateral. Why do you think they did that? And there can be solar panels at work or at the store or anywhere else attached to batteries attached to car charging. Autonomous driving means fewer cars on the road which means fewer cars that have to be charged (all be it more frequently)
Ford Motor Co (NYSE:F) CEO Jim Farley said he believes automakers need to plow through challenges to make electric vehicles affordable for the average buyer, The Detroit News reported on Saturday, citing a live-streamed Detroit Homecoming VIII interview. What Happened: Farley noted key issues like labor concerns and battery supply as some of the key hindrances to making electric vehicles affordable for automakers. He said a key issue is how production will impact labor concerns since it costs 30% less to manufacture electrical vehicles. There also is an issue of battery supply and minerals such as lithium and cobalt to power them. "We have to bring battery production here, but the supply chain has to go all the way to the mines. That's where the real cost is and people in the U.S. don't want mining in their neighborhoods," Farley said, as per the Detroit News. “Average people cannot afford these vehicles and we have a lot of work to do to make them more affordable....that’s the one that keeps me up at night,” Farley said during the discussion at the annual event being held since 2014. Why It Matters: Ford is expected to begin delivering the F-150 Lightning — the electric version of its most profitable and popular pickup truck— early next year at a ticket price of $39,974 onwards for the base model and a range of 230 miles. Farley told the audience that F-150 Lightning has secured 150,000 orders and it is completely sold out in Europe, in the U.S, and in China. Electric vehicle makers such as Tesla Inc (NASDAQ:TSLA), General Motor Co (NYSE:GM) and others are rushing to secure their supplies of key ingredients that go into making the batteries that can charge faster and last longer, including minerals such as lithium and cobalt. With rising demand, lithium — one of the metals used in battery production — is being seen as the new oil. Though with all the potential that it brings, the metals are also mired in the environmental and sociological impact of mining, with several protests in the U.S. and Europe around the proposed mining. Currently, nearly all of the global electric vehicle batteries are made by Asian companies like CATL, LG, Samsung and SK Innovation; industry experts estimate it will take years for the U.S. and Europe to catch up. Copyright © 2021 Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved. I find it incredible that the Ford CEO is asking himself these questions today and not 10 years ago. Clearly, Ford and GM are in a pickle. Today they don't make much more than pickup trucks and SUVs and any legislation at the state or federal level mandating the switch to EVs is forcing them to fundamentally change, something they aren't good at, both at the labor union and management levels, and they will do all they can to slow things down. Vehicles in Europe are generally more expensive than in the US and gas a lot more expensive so EVs sold there are actually cheaper to own. In the US where compact cars are between $20-30k and gas is under $1 a liter, the EV proposition is more complex. Certainly, the argument will inevitably turn entirely political and very ugly, with Republicans vowing to hang on to oil while Democrats will push for alt energies. We already see an increasing number of acts of aggression towards EVs and their drivers. The consequence is the liberal states will be mostly EVs while deep red states will remain mostly ICE for many more years than Europe. It will be interesting to see how much gas prices will fluctuate, considering there will be an oversupply to a dwindling demand and fewer stations to deliver gas. Eventually supply and demand will find their equilibrium and I expect Americans will discover gallon of gas at $10.
Wrong! Tesla holds a power delivery license in the UK and in Germany. https://www.trendingtopics.eu/tesla-is-entering-the-green-electricity-market-in-germany/#:~:text=Tesla is implementing the green,companies in Europe in 2021.
Europe has 27 member countries, only Germany has a licence and you see no powerwalls at all at this moment. So in 93% of Europe Tesla is not active. You need sales, not licences.