44:32 Stellantis had access in China but largely pulled out because of how competitive it is. Jeep was one of the first western brands. Dongfeng Peugeot-Citroen has been active for over 30 years and is still selling cars. It is relatively easy to get access to the Chinese market now. Being successful in the largest and most competitive automobile market is the challenge.
Thanks for the talk and the many good points both of you make. Postediting would have been nice though: only right channel audio sucks for more than an hour.
Can't walk to the post office here in the UK without seeing lots of EVs. Went to the Goodwood Festival of Speed last year and it was great to see so many EV brands at this "Petrol head" event. Great to see a Tesla, Polestar, Lotus, Hyundai, Caterham, MG, Renault, and many other EV makers there. Lots of interest from the public on the new EVs on display there.
53:45 The need to build a PHEV in China (where most are sold) is not about regulatory compliance. The batteries are big enough that it easily functions as an EV in most circumstances. However, to go long distances, the optimized PHEV system replaces battery weight. If you look at BYD, which offers PHEV and BEV versions of the same car, the PHEV tends to be lighter and less expensive. Margins are not broken down by type, but BYD's automotive gross margin has been beating Tesla, so they can't be doing too bad. And let's be honest: In the US, EV sales are also driven by regulatory compliance. Even Tesla, which sells regulatory credits to ICE companies for $ billions each year. Almost $4k for every EV they sold last year in the US (even more in some previous years). And if you look at CAFE footprint adjustment and the footprint of the Cybertruck, they clearly designed the vehicle to maximize credit haul. Due to that footprint adjustment, selling more small, fuel efficient vehicles actually reduces emissions more than a mix of large gas guzzlers and large EV's. In other words, selling a lot of smaller Maverick hybrids reduces emissions more than a mix of gas F150 and F150 Lightnings at the same overall CAFE score because the larger vehicles have larger footprint adjustments.
You could create a great shortened episode just on the "hybrids - the gateway to EVs". Love the explanation of why hybrids are not the best of both worlds but are actually doubly complex with all the downsides of an ICE vehicle plus the added complexity of an EV powertrain with a small battery.
Use case matters a lot in whether a PHEV or something else makes the most sense. If someone doesn't have access to charging at home or work, sadly, a non-plug-in hybrid may actually make the most sense, although that has other obvious downsides. A PHEV would be the best choice if I needed to get a new car right now, as it would be suitable for long-distance travel to some of the remote places that I would like to occasionally visit (and no, renting isn't a suitable option for me for that), while still allowing me to avoid or reduce gasoline use on more normal trips (going to stores, visiting friends).
MG is popular here in the UK. They are one of the cheapest EVs you can buy here. I drive a China made Tesla Model Y - build quality is excellent. Lots of Tesla's here in the UK definitely the number one EV brand.
Love the Polestar hat! I'm a big fan of Polestar - can't wait to see the Polestar 3 & 4 on the roads here in the UK. Polestar does a lot of advertising here in the UK.
Buying ANY vehicle that is not BEV AND future FSD capable is financial insanity. Go ahead, buy the rivian, BMW ix, Hyundai....so you just bet that FSD isn't happening in the next 5 years (good luck with that resale value on your asset) How's the upgradability of your product? Did Apple teach you nothing. A computer on wheels that CAN'T be improved through OTA updates? I see so much confusion using BEV tech as the I phone....it's not. See the market as ICE= landline phones, BEV tech is the flip phone, while FSD is the I phone. Ohhhhhhh, now I see. Be smart enough to not get caught owning a $50,000 to $100,000 flip phone when FSD is proven out. That asset collapse doesn't happen at saturation. it happens at Proof of concept. Be smart.
44:32 Stellantis had access in China but largely pulled out because of how competitive it is. Jeep was one of the first western brands. Dongfeng Peugeot-Citroen has been active for over 30 years and is still selling cars. It is relatively easy to get access to the Chinese market now. Being successful in the largest and most competitive automobile market is the challenge.
Thanks for the talk and the many good points both of you make. Postediting would have been nice though: only right channel audio sucks for more than an hour.
Can't walk to the post office here in the UK without seeing lots of EVs. Went to the Goodwood Festival of Speed last year and it was great to see so many EV brands at this "Petrol head" event. Great to see a Tesla, Polestar, Lotus, Hyundai, Caterham, MG, Renault, and many other EV makers there. Lots of interest from the public on the new EVs on display there.
53:45 The need to build a PHEV in China (where most are sold) is not about regulatory compliance. The batteries are big enough that it easily functions as an EV in most circumstances. However, to go long distances, the optimized PHEV system replaces battery weight. If you look at BYD, which offers PHEV and BEV versions of the same car, the PHEV tends to be lighter and less expensive. Margins are not broken down by type, but BYD's automotive gross margin has been beating Tesla, so they can't be doing too bad.
And let's be honest: In the US, EV sales are also driven by regulatory compliance. Even Tesla, which sells regulatory credits to ICE companies for $ billions each year. Almost $4k for every EV they sold last year in the US (even more in some previous years). And if you look at CAFE footprint adjustment and the footprint of the Cybertruck, they clearly designed the vehicle to maximize credit haul. Due to that footprint adjustment, selling more small, fuel efficient vehicles actually reduces emissions more than a mix of large gas guzzlers and large EV's. In other words, selling a lot of smaller Maverick hybrids reduces emissions more than a mix of gas F150 and F150 Lightnings at the same overall CAFE score because the larger vehicles have larger footprint adjustments.
You could create a great shortened episode just on the "hybrids - the gateway to EVs". Love the explanation of why hybrids are not the best of both worlds but are actually doubly complex with all the downsides of an ICE vehicle plus the added complexity of an EV powertrain with a small battery.
Use case matters a lot in whether a PHEV or something else makes the most sense. If someone doesn't have access to charging at home or work, sadly, a non-plug-in hybrid may actually make the most sense, although that has other obvious downsides. A PHEV would be the best choice if I needed to get a new car right now, as it would be suitable for long-distance travel to some of the remote places that I would like to occasionally visit (and no, renting isn't a suitable option for me for that), while still allowing me to avoid or reduce gasoline use on more normal trips (going to stores, visiting friends).
Cybertruck would sell well in Australia. It's too big for UK & Europe.
MG is popular here in the UK. They are one of the cheapest EVs you can buy here. I drive a China made Tesla Model Y - build quality is excellent. Lots of Tesla's here in the UK definitely the number one EV brand.
Love the Polestar hat! I'm a big fan of Polestar - can't wait to see the Polestar 3 & 4 on the roads here in the UK. Polestar does a lot of advertising here in the UK.
Where is Joe Borras?
Doing other stuff now.
The Fat Electrician just hooked up an electric motor to the AK-50 🎉
Hey Zach, you're a grown-up now: time to take your hat off indoors, and when you wear it from now on, put it round the right way.
i respectfully disagree
Buying ANY vehicle that is not BEV AND future FSD capable is financial insanity. Go ahead, buy the rivian, BMW ix, Hyundai....so you just bet that FSD isn't happening in the next 5 years (good luck with that resale value on your asset) How's the upgradability of your product? Did Apple teach you nothing. A computer on wheels that CAN'T be improved through OTA updates? I see so much confusion using BEV tech as the I phone....it's not. See the market as ICE= landline phones, BEV tech is the flip phone, while FSD is the I phone. Ohhhhhhh, now I see. Be smart enough to not get caught owning a $50,000 to $100,000 flip phone when FSD is proven out. That asset collapse doesn't happen at saturation. it happens at Proof of concept. Be smart.