US Politics: Tesla Buyers Celebrate $7,000 Tax Credit Bill | 12 Feb 2021

Feb 12, 01:00 AM

Tesla to gain access to 400k more $7k EV tax credits | Ford bets $29B on leading the 'electric vehicle revolution' | Ford to build electric vehicles in Cologne | Taycan Cross Turismo debuts in less than 2 months and hits dealerships this Summer | Lucid CEO Says Automaker Is Ahead In Tech Race | Lucid Motors reveals European deliveries in H1 2022 | Kia's Dedicated Electric Cars Will Be Named EV1-EV9 | Genesis GV60 Spied With Kia CV, Hyundai Ioniq 5 | ŠKODA AUTO Produces 100,000th Battery

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On today’s podcast:

  • Tesla to gain access to 400k more $7k EV tax credits
  • Ford bets $29B on leading the 'electric vehicle revolution'
  • Ford to build electric vehicles in Cologne
  • Taycan Cross Turismo debuts in less than 2 months and hits dealerships this Summer
  • Lucid CEO Says Automaker Is Ahead In Tech Race
  • Lucid Motors reveals European deliveries in H1 2022
  • Kia's Dedicated Electric Cars Will Be Named EV1-EV9
  • Genesis GV60 Spied With Kia CV, Hyundai Ioniq 5
  • ŠKODA AUTO Produces 100,000th Battery

 

Show #991

 

Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Friday 12th February. It’s Martyn Lee here and I go through every EV story so you don't have to.

 

Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.

 

TESLA TO GAIN ACCESS TO 400K MORE $7K EV TAX CREDITS

"Another 400,000 Teslas sold in the United States are poised to receive a tax credit worth $7,000, thanks to a bill from the Biden administration. The bill, called the Growing Renewable Energy and Efficiency Now (GREEN) Act, features a number of programs aimed at incentivizing sustainable technologies. " says TEslrati: "Under the GREEN Act, the electric vehicle credit cap for automakers would be increased to 600,000 cars, though the tax credit becomes $7,000 per vehicle after the first 200,000 EVs are sold. Considering that Tesla and GM have already passed the 200,000-vehicle threshold, 400,000 more customers in the United States would receive a tax credit of $7,000. This should make Tesla’s electric cars far more attainable, with the Model 3 essentially being priced below $30,000 with the tax credit in place."

 

https://www.teslarati.com/tesla-400k-7k-tax-credit-approved/

 

FORD BETS $29B ON LEADING THE 'ELECTRIC VEHICLE REVOLUTION'

"Ford CEO Jim Farley said on the company's Q4 earnings call last week that it will invest $29 billion in autonomous vehicles (AVs) and electric vehicles (EVs) through 2025, a dramatic ramp-up of its spending in those areas." says Smart Cities Dive: "Farley said the company will take a "more aggressive" approach toward automation and electrification, having previously pledged to spend $11.5 billion on electrification through 2022. The company's CEO said this new $22 billion commitment on electrification alone will help it be "a leader in the electric vehicle revolution around the world."

With a slew of partnerships and other ventures, Farley said Ford is also positioning itself to have its commercial AV business in operation by 2022, thanks in large part to artificial intelligence (AI) firm Argo AI, in which Ford invested $1 billion in 2017."

 

https://www.smartcitiesdive.com/news/ford-bets-29b-on-leading-the-electric-vehicle-revolution/

 

FORD TO BUILD ELECTRIC VEHICLES IN COLOGNE

"Ford has decided to build its first purely electric small car at the Fiesta plant in Cologne. According to industry insiders informing a media report, the US carmaker is also moving away from planned hybrid cars in favour of electric models." reports Chris Randall at electrive: "The decision is to be officially announced next week at a digital press conference. There were already corresponding rumours several months ago: At the end of November, several media sources reported that not only the development of Ford’s future MEB-based BEV would take place in Cologne-Merkenich, but also included the production. The report asserted that in addition to Cologne, Saarlouis, which lies a good 200 kilometres to the south, and the Romanian plant in Craiowa were in the running as production locations.  The plan is to bring the MEB battery-electric vehicle to market in 2023. The current report in Automobilwoche also reveals that Ford wants to say goodbye to pure combustion models faster than previously planned and has also decided to cancel already planned hybrid models in favour of pure electric vehicle models. So far, Ford is building the Mustang Mach-E electric SUV in Mexico and expanding the Michigan plant for the production of an electric F-150 from 2022. The E-Transit is to be built in Missouri from the end of 2021"

 

https://www.electrive.com/2021/02/10/ford-to-build-electric-vehicles-in-cologne/

 

TAYCAN CROSS TURISMO DEBUTS IN LESS THAN 2 MONTHS AND HITS DEALERSHIPS THIS SUMMER

A Tweet from F1 drier Mark Webber.

 

The Taycan Cross Turismo is coming. As the motoring world awaits the global premiere of the all-electric Cross Utility Vehicle, Porsche Brand Ambassador @aussiegrit has been behind the wheel of a development car.

 

Here's what he said: “Phenomenal first drive for me with this beauty. Drives like a Porsche, feels like a Porsche, smells like a Porsche. It's a proper sports car with even more space and ground clearance now. Expect the World Premiere of the all-new Taycan Cross Turismo to take place in less than eight weeks. In dealerships as early as this summer. I can't wait. It's the perfect car for the Australian outback and the German Autobahn.”

 

https://www.taycanforum.com/forum/threads/official-taycan-cross-turismo-debuts-in-less-than-2-months-and-hits-dealerships-this-summer.3855/

 

LUCID CEO SAYS AUTOMAKER IS AHEAD IN TECH RACE

"[Lucid Motors CEO Peter Rawlinson]  told CNBC that his company is where Tesla used to be ten years ago: ahead of the curve in the tech race. In other words, ahead of Tesla as well. Rawlinson said that when he was answering a question from Jim Cramer. The TV presenter had just made a reservation for the Lucid Air Dream Edition – which costs $161,500 – and asked why anyone would pay way more for a Lucid Air than they could pay for a similar Tesla Model S." according to INsideEVs: "the Lucid CEO answered that he does not think Tesla is a competitor when it comes to the product. The Lucid Air would compete with the Mercedes-Benz S-Class, not with the Model S. When it relates to technology, people could argue that the highest range indicates the best car. Rawlinson disputes that. According to the Lucid CEO, be the best way to measure technological refinement would be energy efficiency, and the Air can make more than 4.5 miles per kWh. The Tesla Model S would achieve 4 miles per kWh."

 

https://insideevs.com/news/486938/lucid-ahead-competition-tech-race-rawlinson/

 

LUCID MOTORS REVEALS EUROPEAN DELIVERIES IN H1 2022

 

A Twitter conversation from Feb 6th:

 

Håvard Holen

When can I expect to see the Lucid Air in Norway?

 

@Lucid Motors

European deliveries will begin in late 2021.

 

However a Lucid spokesperson said: "Lucid Motors will start customer deliveries in Europe in the first half of 2022. The recent social media response of ‘late 2021’ is inaccurate, but all future communications will reflect the correct timing."

 

KIA'S DEDICATED ELECTRIC CARS WILL BE NAMED EV1-EV9

"Kia announced today that its dedicated electric cars, based on the E-GMP platform, will be named EV1∼EV9. That mirrors the naming strategy of the sister brand - Hyundai, which decided to name the new models: Ioniq 1- Ioniq 9. The first will be the Hyundai Ioniq 5." says InsideEVs. What do we know of the CV? : "Next month (March 2021), Kia intends to present its first E-GMP-based model (including details and performance specifications), known under the code-name "CV."This all-new, dedicated electric Kia model will be launched in July 2021.  The Kia CV will have a range of more than 500 km (311 miles) in an undisclosed test cycle, ultra-fast charging capability (replenishing 100 km/62 miles of range in 4 minutes), and very strong acceleration: 0-100 km/h (62 mph) in 3 seconds."

 

Kia expect the profit margins of their EVs to match their ICE cars in 2025.

 

https://insideevs.com/news/486851/kia-cv-500-km-range-3-seconds/

 

GENESIS GV60 SPIED WITH KIA CV, HYUNDAI IONIQ 5

"spy teams came upon Hyundai exercising several electric prototypes from its family brands Kia and Genesis, not to mention the automaker's own forthcoming EV offering, the Ioniq 5. By the time the camera shutters fell silent, close to 60 photos showing exteriors and interiors were snapped." reports Christopher Smith at Motor1: "the photographer managed to get close enough for some interior shots. While much is still covered, it's not hard to see the large digital screen that connects the instrument readouts to the infotainment system. We also see some tactile buttons and knobs below the center screen, so Kia's EV crossover won't have a completely clean greenhouse. Winter testing for these electric crossovers is obviously in full swing, and from our vantage point these prototypes look production-ready. There's a good reason for that – we already know that Kia's offering will debut in March, and the upscale Genesis GV60 is also expected to debut around the same time. However, Hyundai will beat them all with the Ioniq 5, which is slated to happen in mid-February."

 

https://www.motor1.com/news/487206/genesis-gv60-kia-c7-ioniq5-spy

 

ŠKODA AUTO PRODUCES 100,000TH BATTERY

Today, ŠKODA AUTO manufactured its 100,000th high-voltage traction battery. In order to create the necessary production conditions at the company’s headquarters in Mladá Boleslav, the Czech carmaker invested approximately 25.3 million euros in 2019. An area covering roughly 2,000 m² is now used not only to produce high-voltage traction batteries for the company’s own plug-in hybrid models, but also batteries for plug-in hybrids from the group brands AUDI, SEAT and Volkswagen.

 

Christian Bleiel, Head of Component Production at ŠKODA AUTO, said: “We have now reached the mark of 100,000 high-voltage traction batteries produced. This success is a great testament to our team’s high level of engineering expertise as well as the importance of our component production within the group: our batteries are not just used in the ŠKODA Superb iV and the Octavia iV, they are also fitted in plug-in hybrids from the AUDI, SEAT and Volkswagen brands. We currently manufacture almost 800 batteries per day.”

 

 

NEW QUESTION OF THE WEEK

Regardless of tech or specs, who do you think is designing the best looking EV, and why? Can be any shape or size.

 

Send me your answer: hello@evnewsdaily.com

 

 

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