#EVWeeklyUpdate 004: Toyota’s Chairman Predicts Future of Electric Vehicles – EV World News
Hi this is David with EV world news and this is the weekly update today our first story is going to talk a little bit about Toyota’s chairman predicts that battery electric vehicles or never reach more than about 30% of all cars on the road now Toyota’s been working on a
Lot of other things they been trying to make uh gas engines more efficient they’re big in hybrids and you got to admit they’re definitely one of the biggest out there when it comes to hybrids that they probably have more vehicles in that space but they have been notably behind a lot of the
Manufacturers in terms of putting out electric vehicles chairman Akia Toyota believes battery electric vehicles will reach at most 30% market share with the rest taken up by hybrids hydrogen fuel cell and fuel burning cars with a billion people in the world living without electricity it’s hard kind of to
Fathom that everybody could be driving electric cars when one out of every eight people in the world really doesn’t even have access to electricity period so but when it comes to those a lot of those don’t have access to cars either so a little a little bit of this can be
True the number one car makers tried to push back against criticism of falling behind in the transition to electrified Vehicles saying that’s pioneering and hybrid drivetrains hydrogen technology and a holistic approach to ultimately prove to be the right approach for the business customers and environment one
Thing is they make all these our gas Motors in Japan and they’re always concerned about making sure that their employees still have jobs and what’s good for the Japanese economy so a prediction by Bloomberg is that by 2040 EES will account for about 75% worldwide
Of new car sales and 44% of cars on the road so even if everybody switched to EVS today it would take 25 years or more for everybody to still not be driving gas powered cars because there’d still be lots of cars out there if you look even at like Cuba where there’s all
These embargos they’re still driving cars from the 1950s that they’ve replaced engines you still see the same cars driving around so you wouldn’t see all the gas cars go away anytime soon Elon Musk he disagrees with this musk is actually quite realistic about love this
He he knows that we are not going to switch to everything being an electric vehicle anytime soon you know there’s a rush to change and you know for instance in the United Kingdom everything’s going to either plug-in hybrid or full battery Electric in 2030 and in 2035 they’re
Even getting rid of the plug-in hybrids as far as new car sales go I mean you can still have used cars selling but they’re trying really hard with with legislation to push the agenda and a lot of other countries tax incentives have been a big piece of getting people to
Adopt EVs and in Nordic countries like Iceland and Norway and Finland Denmark Sweden they have these high value added taxes or Vats and the government is basically not charging those taxes on electric vehicle purchases which is probably a bigger savings than even the $7,500 tax credit here in the United
States so it’s led to 80% ev’s adoption rate which has been quite staggering in comparison to the rest of the world mus says eventually we’ll look back on the combustion engine cars with the same quaint disregard that we currently possess for steam engines obviously uh it’s a lot like when gas cars replace
Horses at the start of the 1900s and our next topic is United States Postal Service rolls out first charging stations for a fleet of Ford E transits and other EVS so Postal Services committed to to 9,250 Ford Transit EVS through the end of 2024 Vans are initially being deployed
In Georgia before expanding to other parts of the country throughout the year the E transits have three times the cargo capacity of the Grumman llv delivery vehicles it look like a little jeep that the post office currently actually they’ve moved to something that’s more van-like but these are a
Little bit larger these e transits are the postal service plans to have a fleet with more than 66,000 EVS with at least 45,000 of them to be on the road by 2028 and the Seamans is making the charging stations and they’ll be able to charge EVS overnight so they’ll be ready
For the next day’s deliveries and they’re planning and rolling out approximately 14,000 Chargers across the us at Postal Service locations and they’re being supplied by Seamans Rexel charge point and blink eventually about 75% of delivery of their vehicles are expected to be electric our next topic is NASCAR is debuting an EV basically
Electric stock car to make a demo run at the Los Angeles Coliseum but it won’t be racing anytime soon rodent track had Shar details a while back that they were exploring electrified racing obviously one of the things if you have a 500 mile race it’s pretty hard to have a big
Enough battery so EVS in this type of situation would probably have to compete against other e S as opposed to gas cars to make it even on on that transition now when you’re going 200 M hour you’re really draining that battery pretty fast so we’ve talked about you know you could
Do battery swapping that’s probably the most likely situation is when the vehicle’s going into the pit stop somehow the crew would quickly swap out One battery put in another but these batteries weigh thousands of pounds so you’d have to have a little crane set up
Of some sort to be able to to pull one out put the next one in a big thing that’s come up and this is an adoption of EVS are they affordable and the biggest single cost in an electric vehicle is the battery we had record low EV battery prices in
2023 uh they dropped down to $128 per kilowatt hours and for Sals it was down to $89 per kilowatt hour I have seen estimation that by the end of next year we might be down under $50 per kilowatt hour so these vehicles typically have batteries that are 80 to
100 kwatt hours or’s some bigger ones like the GMC Hummer EV has a 200 KW hour battery if you’re bringing that down by 50 bucks that lowers the manufacturers cost by $10,000 so there’s going to be other savings Tesla’s doing the Giga press uh GM bot the company that makes
The Giga press and so GM cars will have this Tech as well and this makes it cheap to actually make the car itself to make the chassis and make the underbody of the vehicle so you’re going to see all kinds of Innovations driving down the cost of manufacturing electric
Vehicles Porsche has an announcement that they’re coming out with a new all electric Mak EV and it’s going to have a catl battery from China cattle has a 37.4% market share Tesla uses a lot of theirs but they’re looking at a driving range of 780 km that’s about just a
Little shy of 500 Mi I think that’s about 480 Mi built on the 800 volt high voltage architecture PPE electric platform supports both 400 volt and 800 volt charging configurations that means it’s going to be able to charge faster here’s some stats on the mon electric
The base model has a 300 Kow combined power 0 to 100 km per hour and 5.2 seconds that’s basically about the same as 0 to 6 0 to 62 mph range of 784 km once again that’s just shy of 500 mil and it’s priced at about $8,800 and the mon turbo electric is
Going to have 470 KW hours of power 0 to1 km in 3.3 seconds probably 0 to 60 and about 3.2 and range of 765 km also just a little bit shy of 500 mil and $105,000 price tag here’s something interest in coming from the insurance industry because I talked about this a
While back about how Teslas have a really high rate of accidents now one of the theories there is Tesla drivers tend to be far more likely and this is across all EVS EV drivers tend to be male and men have drive on average about triple what women do and so you’re going to
Have a lot more electric car accidents but one of the big things from insurance brokers is people forget about how much acceleration the cars have because they’re so much faster than gas cars cuz when you press the gas or the accelerator it instantly accelerates unlike a gas car which has a pause while
You wait for the fuel to go into the engine and then go with the electric car it just goes electric car drivers are having more accidents because they’re not used to the power acceleration according to a top insurance broker the value of claims made by EV drivers is
Typically 35% higher than it is for a gas car so that’s that’s a pretty big number and a lot of it has to do with if the battery is damaged the whole battery needs to be replaced so this is something Elon Musk had to say he said
Chinese EVS will flatten the US car industry without trade barriers in in order for the US big three to survive it’s critical that there are trade barriers against Chinese EV manufacturers coming into the United States and currently there’s a 25% premium put on Chinese cars and so you
Don’t really see Chinese cars being so in the United States one of the big things that musk says the Chinese car companies are the most competitive car companies in the world I think they’ll have significant success outside of China depending on what kind of tariffs or trade barriers are established
Frankly I think if there are not trade barriers established they will pretty much demolish most other companies in the world so they are extremely good their car quality is good their technology is excellent and the vehicles are very stylish it’s just a matter of time before the Chinese company start to
Dominate in the North American markets at some point now if you’re charging a car at home it really doesn’t matter how fast the car charges but if you were going to be constantly charging it at charging stations this is a big issue so this is everybody’s big criticism why
Should I have to wait 20 minutes or 30 minutes for a EV to charge and there’s Technologies coming down the pike yeah I would say in 10 years the your difference might between Gas and Electric on filling up the battery might be down to like a couple of minutes when
I’m saying like if it takes you 5 minutes to fill up a gas car it might take 7 minutes to fill up an EV now you have different levels of chargers a basic wall plug is a level one a level two charger is one that you have generally designed for your home or
Maybe your office then a level three is what people typically call a supercharger and that’s what you think of when you’re on the road now if you were charging at a hotel it might just be a level two charger okay because then you might plug in for 8 hours but when
You’re plugging in at a charging station or a Tesla supercharging station those are all level three Chargers which charge very fast and so when we talk about charging a battery in 20 or 30 minutes we’re talking about a Supercharger so the ev’s the fastest charging sedan is the Lucid air and for
Its price tag it ought to you can get in 12 minutes you can add approximately 200 M of range so that’s currently the fastest charging sedan now the fastest charging SUV is the Genesis gv60 it charges 200 mil in 18 minutes so that’s a big difference between 12 minutes and
18 minutes the fastest charging truck is the rivan r1t and it takes 20 minutes to add 200 miles to it okay so that’s a little bit longer of a stop now there’s lots of cars that charge slowly fastest charging sports car the Audi rron GT 22.5 minutes to get
270 then the fastest charging super car is the ryac Navara that’ll just set you back a few million bucks but it takes 19 minutes to add 200 miles to the battery on it I can’t imagine somebody going to a charging station though with a ryac
That you would take that on a road trip the world’s largest electric vehicle maker which is byd rang in the New Year by breaking ground on its first ever sodium ion plant in China it’s a $ 1.4 billion project produced 30 gwatt hours of capacity annually or 1 gwatt is how
Much energy two Coal Fired power plants produce and it could fire up 750,000 homes their battery arm called fin dreams partnered with huhai Holding Group to break into the sodium battery market and the pair hopes to be the top supplier worldwide the sodium ion batteries don’t use lithium or Cobalt
The batteries are most useful in lowcost small cars are two wheelers that don’t need high energy density and then for our last news article for today Tesla says its next Generation vehicle will start production in the second half of 20 2 and we’re talking about a lower
Pricing Point than the Tesla Model 3 enter production sometime in the second half of 2025 Redwood is the supposed code name of its next Generation vehicle the details of the vehicle are relatively slim they’ve long discussed the idea of introducing maybe a robo taxi based vehicle to be void of human
Controls but not necessarily clear if this next Generation vehicle will be geared towards full autonomy we’re hoping for something you know we’ve always heard about where they’re going to introduce the model to there’s been talks in Germany that something a less expensive Tesla starting production that’ll be around the equivalent of about us
$225,000 and we’ll see how that plays out anyways that is the end of the weekly update thank you so much for tuning in have a great day
#EVWeeklyUpdate 004: Toyota’s Chairman Predicts Future of Electric Vehicles – EV World News
Join David on this week’s EV World News update as he discusses Toyota’s chairman predicting the future of electric vehicles. Learn about the challenges and predictions surrounding EV market share, government initiatives, and the global shift toward electric transportation. Stay informed about the latest developments, from the United States Postal Service’s EV fleet expansion to NASCAR’s debut of an electric stock car. Explore insights into EV battery prices, Porsche’s new electric Mak EV, Elon Musk’s views on Chinese EVs, and a glimpse into Tesla’s next-generation vehicle. Don’t miss out on the latest updates and trends in the ever-evolving world of electric vehicles!
#evnews #ElectricVehicles #Toyota #Tesla #Porsche
At EV WORLD NEWS, we are committed to providing educational resources and emerging trends to our audience. We feature industry professionals and cover a diverse range of topics from green energy to the stock market, including insights into leading brands like Tesla, Lucid, and Rivian.
👍 Like, Subscribe, and Engage! 🤝
If you found these updates intriguing, drop a comment sharing your thoughts and suggestions. Don’t forget to like and subscribe for more captivating insights into the electrifying world of EVs, green energy, and market trends! 🌟⚡
Don’t forget to visit our website https://evworld.com/
for more in-depth information and to engage with other electric vehicle advocates.
Remember, your support helps drive forward the narrative of electric vehicles and their positive impact on our lives. Thank you for choosing EV WORLD NEWS as your trusted source for electric vehicle news and insights.
#EVWeeklyUpdate 004: Toyota’s Chairman Predicts Future of Electric Vehicles – EV World News
