Who Is Winning The Global EV Race?
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- เผยแพร่เมื่อ 7 พ.ค. 2024
- 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. In the U.S., Tesla dominates the conversation around electric vehicles, but in Europe, it’s a different story. Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to become the EV market leader in Europe, where it has an edge thanks to local manufacturing, brand familiarity, and cheaper price points. But whether Volkswagen can broaden its appeal to become the global EV leader remains to be seen.
Meanwhile, electric vehicle infrastructure in the U.S. grows at a rapid pace. San Francisco-based Ample has brought electric vehicle battery swapping to America. The company was in stealth mode for seven years before launching recently with five swapping stations in the Bay Area. The concept isn’t new.
A start-up called Better Place launched an EV and battery swapping company after it raised $850 million in venture funding, but it ultimately went bankrupt in 2013. Tesla also demoed battery swapping in 2013 but only opened one station for about a year. Elon Musk said Tesla owners were not interested in it. Battery swapping is already common in China. Electric vehicle maker Nio, for example, plans to double its network of swapping stations to 500 this year and plans to open stations in Norway as part of its expansion into Europe.
SEGMENTS:
00:00 Why China Is Beating The U.S. In Electric Vehicles
17:46 Why Volkswagen Is Beating Tesla In Europe
31:44 Can EV Battery Swapping Take Off In The U.S.?
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Who Is Winning The Global EV Race?
At 7:10 Tesla's 500,000 is quoted as "last year's" figure but was in fact the 2020 figure.
The date of this video is 14th March 2022.
Tesla production in 2021 was over 936,000. This is a glaring error because the correct figure has been public information for nearly a quarter of a year.
Is any of the other information accurate?
The video looks like 1 year old.
No
yeah this video was made quite a while ago it seems. Another hint was the "ford is about to release the mach-e" bit seeing that it's been out for well over a year now (december 2020)
I had seen parts of this video last year.
I think they just edit previous videos and add some new contents and presented as new video with new heading.
They quote all there figures by 2020 numbers. So I assume this was made in late 2021.
Astonishing mindset. In Europe you call it regulation while in China you call it mandates.
They can call it whatev they want really. The truth will always remain the truth; that they are ages behind. I mean the strongest soft power influence of the US is their propaganda machine, the media. Not the first time they use subtle language microaggressions against China. They'd apply this underworld filter to gray out the skies and leaves when they show views from China too.
Because they are diffferent policies. China's regulation is more strict, thus, mandates
@@matthijskkr funny
Mandates from heaven.
Yup!
If the US demanded that only EVs be allowed in certain parts of the city there will be protests on the streets.
every time there is China appears in the video then there is the gray color filter and Chairman Mao. LOL
We like tesla cuz of the fun driving experience, pricing, no haggle no hassle experience purchase and using it.
Odd to say VW is beating Tesla when the model 3 was the top selling vehicle in EU for January and Feb 2022.
not to mention tesla builds 3 cars for every 1 VW. i think someones parent company got some VW ad dollars🤣
They’re likely using 2021 data.
@@NityaStriker indeed, they are trapped in the past ☺
What else would you expect from CNBS(I will let you decide what the BS stands for lol).
Vw has like 5 electric models in europe now, so makes sense. Overall VW sells more EV’s in europe
"Chinese tech isn't at par with American" seems to be the narrative in first half of video. That's what they said when Japanese cars entered America, and the rest is history. One can't look down on China in the EV game. They are far ahead than we give them credit for.
That was such a bs statement, nio and xpung have amazing quality cars technology wise and build quality. Sometimes surpassing tesla and other luxury car brands
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
fun fact: Tesla made-in China has better quality than made-in the US.
@@infoworld7706 Yeah I've read that somewhere as well. Shame I'm an American too ): . Wonder how they will compare to the factory in Germany.
@@boxerpop82 The competition in Chinese EV market is way bloodier than it is in America. High demands in both quality and quantity in Chinese EV market. Plus, every major car manufacture around the globe competes with each other in China as well as the local counterparts. It's bloody. No joke.
Tesla is pretty much like Apple on EV, others like Android…
The fact that lawmakers haven't even passed a unified charging plug for the U.S. shows how asleep they are on this issue.
We need to change those career and old politicians in DC. Those boomers in the Capitol Hill.
Or maybe the US law makers trusted the invisible hand of the market to provide a North American Charging Standard, aka NCAS?
@@JanBruunAndersen That's not really gonna do much for the millions of non-Tesla's no US roads now. And will most likely slow down the sales of non-Tesla's until all makers have made the transition. The mess was easily avoidable with a little bit of proactive leadership.
combining already uploaded videos into long ones - CNBC has fallen a long way
The Tesla production figure quoted at 7:10 is 15 months out of date.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
@@andrewsaint6581 Elon Musk simp
Lots of misinformation here. One glaring piece of misinformation was a statement about how much experience Volkswagen has building cars, when in fact they have little experience building electric cars. Their own CEO said Tesla is building them 3 times faster than they are and Tesla has their own battery factory and technology. Poor research or paid misinformation??
15 month old videos slapped together to make it seem like a new video. Lame CNBC.
Probably paid...
VW leading over Tesla in "Stone age software" , AND software bugs
This network is famous for being wrong. Total garbage this channel
Diess also recently said that if it wasn't for their new Wolfsberg plant, they wouldn't be able to compete with Tesla and that plant won't be operational for at least another 2 years...ramped in 2 more. Meanwhile Tesla will be starting their ramps at those 2 new factories NOW and Shanghai is already the largest auto plant in the world with run rates of close to 1M today.
To win a race you have to have a finishing line. There is no such limit here. Some makes will become dominant, but fashion and world events set new goals. All markets go through growth, settlement and decline. No doubt someone in the future will declare types of battery are not green, blue or whatever. New companies will evolve to renew existing batteries.
Why should the U.S. care what a Communist country is forcing its citizens to do, in the first place?
Love this information. Thank you for posting
Decent, but they're missing out on the biggest story, the story of BYD'S mastery of vertical integration. The fact that they are making their own chips, battery cells (that don't use cobalt or nickel), and already selling EVs at purchasing price parity with gasoline vehicles is the big story. The guy that said Chinese EVs do not have the quality of Western products has no idea what he's talking about. Not only do they have the quality, but most Chinese EVs have much better specs, like 800v structural packs, heat pumps, v2L abilities, etc. Legacy automakers are in big trouble.
Agreed, the comment disparaging the quality of Chinese EVs was completely wrong. Herbert Diess of VW could put CNBC right on that. He has said recently that VWs global competition is not other legacy car makers but Tesla and the Chinese.
All good points. The only issue with China is that nobody outside of China wants to buy their cars... because they're Chinese 🤷♂🤷♂ China will snag market share in a few countries, but not in US/Europe which "big auto" cares the most about.
Imagine using Tesla as an example of quality, with a straight face no less!
@@sooocheesy I am from the EU and plan to buy EV from Xiaopeng or NIO.
Unlike Oil. There is not enough lithium-iron-phosphate (LFP) on the planet to power all the cars in the world.
Just like Wind and Solar can not replace Coal for 1.4 billion people energy needs in China.
All electric cars , there is no way it's just a matter of numbers.
GM will NEVER be fully electric by 2035... mark my words.
no duh! they will probably be bankrupt by 2035 and next time that's on them no bail outs for losers.
Never say never, as gas prices keep rising people will switch and demand them.
GM will be fully electric by 2035 or it won't exist.
GM won't even exist 🤣 or will be bailed out..
What most people don't realize, is that GM is basically no longer GM. Shortly after the US government bailed them out, SAIC bought 51% of GM. GM has since bought 1% back to share control, but the reality is that GM's electric division is now, and forever will be, a Chinese based and run company.... The US taxpayer bailed GM out, and the big wigs sold it to China shortly thereafter.... Keep that in mind when you buy your next car....
"Especially in America, we like to buy stuff, we like to own stuff."
Never before have I been hurt by something I 100% agree with. I spend my money on too much stuff I want and don't need.
31:44 A critical part of the battery pack is the cooling system. How will battery swapping deal with the cooling system connections?
4:44 I need to point out, Chinese authority never set the rule to charge more for purchasing traditional car, the price has always been like that whether it’s high or low. The authority has significantly reduced the price on electronic cars by cutting sales-tax or financial support for car companies, and almost no charge on getting a green plate which allows you to drive int city with no restriction during rush hour. The regular plate which is the blue plate, the number of blue plates being issued each year is limited, so it is expensive to acquire.
and it's just limitation in very few proportion of cities in China
They do have a horrendous smog and pollution problem
@@j.pgoodwin9020 China hasn't had a smog problem in years. HOW CAN IT BE A SMOG WHEN CHINA WAS SHUT DOWN THE PAST 2 YEARS. WHERE WOULD THE SMOG COME FROM ? COME UP WITH ANOTHER LIE DUDE.
Cars would be MADE IN CHINA tho.
@@chickaboomboom2726 buis releases smog.
As for battery swapping, there has to be a way to prevent scams. You buy a new car with a new battery. The first time you pull in to swap battery, the independent battery swap business gives you back an older used battery. The business then sells that new battery and buys 2 or 3 older batteries. Rinse and repeat. Never underestimate the U.S. business mindset to scam for easy money.
does it matter how old a battery is if it gives you full power in a swap? i don't think so.
To consider battery swapping as an option is the first problem. The infrastructure cost for battery swap stations across the whole country is simply not realistic, and when batteries last 300 miles a charge, there's no need for swapping stations wtihin the city for daily commute. Any owner would rather plug in their car, charge for cheap rather than taking valuable time each week to drive all the way to a swap station, line up, and pay extra for the same amount of energy.
Why it is matter?, The car shows the mileage it capable, it won't below the manufacturer standard or else they'll replace it
@@lanzer22 Swapping could be interesting for those who doesn't have a home garage or live far from chargers.
Yes. Either battery swapping is for additional packs for longer journeys in addition to the small pack that comes with your car, or you buy a battery-less EV and arrange a separate contract for electric miles. Either way the battery swap supplier has to charge a lot of money to pay for all its battery packs and swap stations. And if you drive around for months plugging in elsewhere to recharge the swap company's battery packs in your vehicle, how does the swap company get paid? Better Place had to forbid its users from plugging in elsewhere.
It's changed much since, BYD has surpassed Tesla to become the top EV manufacturer in the world now and Tesla is using batteries from CATL and BYD.
BYD sales only exceed Tesla when both BEVs and plug-in hybrid sales are added together. BYD is now second to Tesla in world wide sales of BEVs having overtaken Volkswagen this year.
In Singapore, the government made electric cars as expensive as the petroled ones.
I also find it funny that after a decade of fear, uncertainty, and doubt we still talk about the global EV market in terms of "Tesla and everyone else." Vindication must feel pretty good right now.
everyone wants to model the best car manufacture
That situation is only really true in the USA where the EV market is poorly developed and Tesla is in prime place.
In both Europe and China, the situation is VERY different. In Europe Tesla currently holds a 7% market share of all *electric cars* sold and ~2% of the total car market. It's actually in 10th place with minor players such as Nissan ahead of it i the sales league table. VW Group has the lion's share with 5 brands and ~8-9 different models followed by Stellantis with EVs from Peugeot, Citroen, DS, Opel, Vauxhall and Fiat. The opening of Tesla's factory in Berlin will doubtless add to the sales numbers but it has a serious way to go with it's expensive luxury models only that are beyond the budgets of most.Renault has an electric vehicle available at 1/4 the cost of a Tesla ! I see Tesla's weakness as NOT having a truly affordably priced model, nor does it offer any commercial vehicles in a market with around 10 electric vans. I see the commercial vehicles sector being HIGHLY important.
In China Tesla has very strong competition too from the likes of home manufacturers BYD, Nio, Xpeng, SAIC and almost too many others to list. Again, it is not in any number one position.
The General US population can't afford these Damn cars. Even with subsidies.
Only in America doofus !
@@grahamstevenson1740 Tesla clearly has a top down disruption model, the affordable 25k dollar car is the nail in the coffin and is planned. We'll see what the numbers from Giga Berlin, 1 factory, stacks against VW's 19 in a year. I hope VW turns into a great EV manufacturer, I'm not a fan of the massive Chinese EV's on the way. Tesla will win ultimately, thanks to its other company ties such as SpaceX, Boring, and Neuralink and vertical integration. besides car making is an Elon hobby to pay for the rockets, so the consumer gets the best product.
"without regulation without rules without government subsidies electric vehicles would have never gotten off the ground" sound like every industry to me
active and passive public sector support helped pretty much every industry take off and succeed. only to turn around and paint the public sector as villains while praising the mythical private sector "innovation" for all the work
Tesla was selling EVs way before subsidies and after they expired.
@@dariomijacx Exactly, the statement simply isn't true. Governments are in general very bad at preventing technological revolutions or at making them happen. Subsidies can only delay or quicken trends a little bit.
@@MattCasters what are you talking about, Elon musk receive billions, billion with a B, dollar amount subsidies, If you think subsidies or any other type of government involvement is only delay or quicken the trends a little bit, go check any colonial area how government involvement help business grow or in recent times such as DARPA
Exactly. Without government build road, how can car maker sells car?
This is a good video piece if one to want the views of those in the financial side of the business. A better source for real focus on EV's is the electric viking podcast. This is thorough, complete and up to date. I find the info in this CNBC offering to be dated. The electric viking is up to date and knowledgeable.
The best charging stations to invest in are?
A friend visited- "Come to our place?" 4 hour drive away with gas van. They arrived 1/2 hour later. 20 min, for charging stop ? An other 10 minute limited charge to get home-- EH! Where?
Can we disregard, not talked about or praised "Ambitions, plans, announcement that is so far in the future, etc."? Focus on what is happening, who spends so much and produced millions of EVs.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
Forget about battery swapping . Charge at home when not in use. Range anxiety is a non issue among EV owners. Tesla is the leader among manufacturers. China is the leader among countries.
Frankly, I think that’s a blanket statement there. Range anxiety is a non issue only when you’re talking about short distance commutes, which is clearly NOT battery swapping techs are targeting.
@@doniel2008 well here in the us superchargers are everywhere and it takes 15 mins to get 200 miles. i dont see how battery swapping is helping
@doniel2008 I've traveled from Canada to Florida with no range anxiety.
@@doniel2008 150+ miles in each direction is more than enough for the average driver. The average driver travels less than 30 miles from home even when they drive 100 miles a day.
Range anxiety and charging is a real issue to city populations that live in apartments without parking lots. You buy transportation to suit your lifestyle, not the other way around.
great show, very informative.
A couple months later, BYD is dominating the Chinese car market now
This is a thinly-veiled hit piece on Tesla. No I’m not an Elon fanboy. It just totally ignores Teslas dominance and current growth trajectory. Two huge factories opening this month….
its not really thin. the news outler is CNBC., which is traditionally anti-tesla
Thank you for your comment. It’s sad because by default we expect Tesla hit pieces from CNBC.
@@bzoned9808 oh shut up dude stop being a fanboy. Tesla isn't the only car making E.V anymore. Not only do they have competition in China but also western and eastern companies are making E.V which is getting better reviews than Tesla. Tesla is like a hype train but their car has been noted for bad build quality.
Did you even watch the video?
Another triggered Tesla fanboy. I wish you Tesla cultists who flip your sh!t every time someone says something good about VW EVs would direct your anger at ICE instead. When Tesla fanboys are more hostile to Tesla competitors than Musk, something has gone wrong.
I don’t consider plug in hybrid vehicles as in the same category as battery electric vehicles. Their batteries are too miniscule in terms of kWh capacity.
100%, it's only legacy manufactures that are using hybrids to inflate their numbers.
Not necessarily. With a home charger, those cars will run electrically 90% of the time.
@@somefour So dump that fossil fuel bit in a climate catastrophe !
@@MyKharli The 10% is for the long runs when they don't want to stop and charge. As long as electric is cheaper than gas, people will use as much electric as possible.
Hybrids are developed (under pressure by governments) to be able to comply to tighter regulations, not as an idea from the car makers to make ICE cleaner! Hybrids don't count because they are basically ICE.
Personally, I think this technology would only work for commercial fleet vans or trucks and not for individual drivers. This is because individual drivers are probably not willing to interrupt their day to replace a battery. They may also not want to deal with the hassle of finding a place to replace the battery.
A Chinese EV company, I think NIO, already offering battery swapping subscription, in battery stations, done in 4 mins. Lots of the challenges mentioned in this video were the challenges China faced about 7 or 8 years ago, very easy for the other markets to copy what works
Why would they need to replace batteries again?
I love it when they say “other than Tesla”.
EVERYONE IS LOSING EXCEPT ELECTRICITY COMPANIES INCREASING THEIR RATES.
US already lost to China in the term of EV . The reason is China has more EV start up companies but US is only Tesla.
Lucid, Rivian
@@raghuhiriyur yes sure, I haven’t seen 1 of those never…
but US has global mass media
@@raghuhiriyur haven't seen any of those cars on the road. Meanwhile in China you have XPENG, NIO, BYD, GAC, Chery, SGMW, etc. all having their cars already running on the road.
You don't seem to understand how superior Tesla's charging network is. 1) Higher average number of stalls per location, so you're more likely to find one that's available. 2) Higher average power output per stall, for faster charging. 3) Better software; you just plug in and walk away, without swiping a card or punching in a PIN. The App tells you when it's done. 4) Much more reliable; by comparison, Electrify America stations are infamous for being out of service when you get there. 5) Better locations, next to nice shopping and food areas. And 6) Way more locations world wide.
This video ignores everything going in Tesla's favor. They also assume Tesla is just going to lay down while the others try to expand. Tesla growth is still outpacing the competition and they are still accelerating.
Tesla supercharger network is not a advantage in the more important markets like Europe or China.
@@robertjonker8131 let's wait and see
But tesla cars are bottom of customer satisfaction ?
@@robertjonker8131 Teslas are seen as overpriced and people are nervous over low customer satisfaction ratings .
Very insightful! Thank you, CNBC.
😂
Really good comments but the most important thing is that the industry can bring investors who can see a payout as opposed to important new ideas that need and don't get investors.
That's not how the market works, there's no such thing as an investor that isn't looking for a return and if a public company opted to go against earning the stock holder money they may find themselves called on the carpet at the FTC.
VW better at ramping than Tesla? Unmentioned is the pace at which the two companies can push their vehicles out the door. VW's Herbert Diess noted that it takes VW three times as long to make an ID series car as it takes Tesla to make a Model Y at its Chinese factory. Yet at the Berlin factory, the Model Y will take even less time thanks to major cast-molding of its frame.
Vw cars are crap. After owning four VW cars , I just repeated the cars because it looked good. But Vw cars are crap
What do you own now ?
You pay attention.
I am looking forward for my car to be Tesla , obviously
@@winchangkou How so? I have a 2019 Jetta and have had 0 problems with it.
"...but subsidies can't last for ever."
Oil: Am I a joke to you?
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
I believe Tesla charging network is pretty well! More stalls per site on average, so you're more likely to locate one that's available. Then, faster charging due to higher average power production per stall..... Competing with Tesla is difficult in my opinion.... Others may vary
Battery swapping vs. fast charging . The one thing that comes to mind, is long line, peak-hour, re-fueling pile-up . ( In my country, that is )n.
France ran out of gas bc of Putin so hey Id be glad to wait.
If they don't have proper multimodal transportation infrastructure in your country and you NEED to have a car even when you don't have parking space in your home where to charge it overnight (condo department, etc), that's an issue that your government should work on.
That's not a problem originated by EVs.
Look at the Netherlands, Denmark and even Finland (even with snow).
She said " Tesla SOLD almost half a million cars last year " wrong, Tesla sold almost half a million in 2020 , LAST Year Tesla sold almost a million 936.000 ,
This video is 1 year old ..
Then she was correct.
And this year 2M isn't out of the question either yet ha!
Tesla has been winning the BEV race since 2018, when Tesla BURIED the BOLT.
Bolt was a sad attempt at competing. Lower trims did not even have a fast charging port.
@@hermanwooster8944 yes, the early BOLT had to Upgrade at Factory to "fast " charging.......lol
and it was not that fast , slower than Tesla.
Recently bolt had to recall all it's vehicles for catching on fire while parked charging.
This becomes viable when you convince people that paying a monthly or charge fees as apposed to replacing a 10,000 doller + battery,every so many years I think the battery modules would when you break down the actual cost of ev ownership
A Nissan Leaf Power Distribution Module costs 5,000 Euros and an extra 1,500 to install. They do break down. Mechanics must be qualified in Lithium repair.
I'am appreciated that thanks again
Yea... GM never released the Wuling. They just had a stake share in the company that did. If they got credit for the Wuling, then I should get credit for Apple's growth just because I own a single share in it.
I honestly don’t think the time it takes to charge is important, vehicle range is far more important.
If I have 800 to 1000 miles of range in a charge that takes 25 minutes, why on earth would I want to battery swap? This is where battery technology is headed.
You don't need a swap, or 800-1000 miles of range.
You "need" the car to Outrange you. Then recharge sufficiently to repeat that while you "reset".
Nothing more.
15 minutes to prepare a car to be swappable ? This is the answer for urban dwellers living in high density residential buildings but not for others that slow-charge overnight at home
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Range anxiety might be a top concern among non EV owners... but I can guarantee range anxiety is not a top concern among long-range EV (ex. Tesla) owners.
Charging anxiety is. Nobody wants to be a sittin duck waiting to be charged while on a road trip.
@@davewhite113 are you an EV owner? Where are you charging at? Not sure the risk overall is worse than refueling gas over the lifetime.
@@ken830 If you live in one of the 6 states that buy most of the Ev's here, you might have enough chargers. Most states though don't have enough and most Americans will never buy an EV.
@@davewhite113 Never is a long time. Let's come back in 5 years & 10 years (infinitely less than "never"), and then let's see how well each of our comment ages... Besides roadtrips, most EV owners charge at home. I understand that for people that don't have home charging, this is not a viable option today, but things will improve. As EV adoption takes hold, there will be a day when gas stations will rapidly close and then the refueling advantage of the gas cars due to the existing infrastructure will vanish.
@@davewhite113 you should check Google trends with these gas prices. Change is here
People say China will dominate. People never look deep and say, if China is fully committed to the zero emission target, it has no alternative. China is also aggressively, may be more aggressive than most western nations expanding its alternative energy including hydro, nuclear, solar etc. Do you guys think that is good or bad?
They should dump nuclear as its impossible for a society to remain stable for long enough to maintain them and there waste , Its a very short-sighted folly based on human hubris .
@@MyKharli i think all option is on the table if we’re suppose to avert climate disaster.
@@deathless3518 That's the point , we will not avert it , In mitigating do we really want more unmanageable reactors and waste facilities in the event of war or much more rapid sea level rises etc . ?
@@FowlorTheRooster1990 out did there decommissioning nightmares ..thats why ..to afraid to admit they got a stupid expensive if not impossible waste pile to clean up..thats why , also to subsidize military nuclear know how as would make military nuclear tech unaffordable if they had to go it alone. Still not commercially insurable? now why is that?
Great report with a lot of good usable content for a lot of people, be it a consumer or a supplier or an investor considering Electric Vehicles or related products and services.
You mean unuseable info. Here some info for you. DON'T BUY AN EV!!!
Trade needs to be fair. So basically, if you don't buy products made in our country, we won't buy products made in your country. Regardless of cost. You want to export. You have to import.
Since renting a Tesla 3 LG I ordered one one month ago. Glad to do it right before prices rose again in Europe. Slovenia is one of the worst in EU for EV car sales but I saw now that the people thinging and government iniciative with zero company tax for EV in changing.
If you can afford a Tesla... you are not really in this talk now are you O_o
I get the argument for swapping but it really isn't needed. Car charging has significantly improved in the past few years. Even fleet vehicles will have several hours a day were they are not being used.
What about batter upgradeability and what if autonomous fleet taxi works 24/7. You need NIO because the battery tech is rapidly evolving so you can easily upgrade batteries rather than throw away the vehickes, or keep junk batteries
@@LetsLearnEconomic
How do you "easily upgrade the batteries"?
But having 13 times the number of packs in swap stations.
Having to swap them out using trucks when a new version comes out.
Having to "chase" the old packs which are still in cars then being returned to swap stations, a d remove them BEFORE the next car in line needs that pack.
Having to (probably) upgrade the firmware and/ or the BMS to optimise the new pack type (so wait before driving?)
It's a logistical nightmare.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
@@rogerstarkey5390 but that not the fleet need to care, the swap station will work on that
nah, swapping is superior
esp being able to balance the load on the grid.
One issue that I am uncertain how customers would address is the state of charge. Would they wait until the battery is depleted to 20% or so… or if they need to charge, but the battery is at 50%, would they replace the battery or just charge it? Personally, i believe that this technology would only work for fleet commercial vans or trucks, not to individual drivers.
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[ But another wave of challenges is in the offing as the federal government and state officials pump in billions of dollars to build out a massive national infrastructure of charging stations to power the EVs.
The sheer scale of a charging infrastructure means recruiting retailers and businesses to install and maintain chargers that are expected to lose money in the near future, with some likely to be written off as economic losses. ]
Hyped as technological marvels, EVs are boobytrapped with a host of inconveniences and tradeoffs. By now many people have heard about range anxiety, exploding lithium-ion batteries, and the environmental destruction caused by global mining for battery minerals. } Quoted
We/I would wait until USA has more of Lower Cost and Hydro Electric Like Canada or France of ⚛ ⚛ Powers
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Last Updated: Oct 19, 2023 18:04 CT
CURRENT GENERATION Autumn/Fall CAPACITY MAXIMUM CAPACITY
Solar 5,387 MW (9.8%) 11,663 MW 22,163 MW
Wind 1,670 MW (3.0%) 12,686 MW 39,897 MW
Hydro120 MW(0.2%)389 MW600 MW
Power Storage435 MW(0.8%)1,053 MW5,405 MW
Other0 MW(0.0%)163 MW113 MW
Natural Gas 33,466 MW (60.8%) 54,367 MW 69,890 MW
Coal and Lignite 10,115 MW (18.4%) 13,623 MW 14,321 MW
Nuclear 3,850 MW (7.0%) 5,064 MW 5,448 MW
Just look at the Data (we can't post links of ERCOT Site so we can see the Graphic Presentations would be: Not Ready!!!‼😂 😂
65% of those Odd Days when Wind died down and Cloudy Sky; the Combination of Wind and Solar Energy like a Joke of less than 20%; and the Wind Turbines Stations run averaged less than 18k MW versus its Max Capacity like 40k MW or less than 45% of it Capacity. Don't even think of Solar Energy in this Winter Time in Texas; or even Alberta where Sunlight from 9 AM to 4 PM... 😂 😂
With the Same Data and Graphic Presentations from ERCOT Texas = Coal Generators and Natural Gas daily ran 90% for Coals and 80% for Natural Gas Generators respectively...‼
Given that Texas might have about 5-6% are BEV on the Roads/ Highway = mostly Teslas Model 3/ Y; When all the Industrial Heavy Duty Trucks and Semi-Trailers Converted to Full Electric... How US States will generate their Electric Powers and how the Old Grids would handle the Loads of such Capacities?‼
Cheers,
The whole thing is a COMPLETE disaster!!
my Model 3 EV has worked fine for my daily non-commercial usage for the past 2 years.
@@gigemgreg Any Vehicle has its own merits:
For Pickup like F150 and GMC Sierra 1500 & higher; and or a Car like Honda Accord/Civic
Camry/Toyoda &/or Subaru Foresters = they drivers workers/owners to work and home/Groceries with TCO low. (there have been records that Accord/Camry ran over 1 million Miles).
To save Planet driving an EV = We/I don't believe it. Like on a day with little Wind (No Headwinds but not much Enough Wind Energy and Solar) = you burn Fossils like Texas ERCOT to generate Electricity; and the efficiency of Generations are less than 25% for Wind and Solar Powers. And with weather Cold like minus 40°F your Teslas are liability!
Updated: Jan 14, 2024 14:34 CT
Solar 8,050 MW (12.2%) 19,441 MW
Wind 7,199 MW (10.9%) 38,367 MW
Hydro4 MW(0.0%) 575 MW
Power Storage2 MW(0.0%) 4,940 MW
Other105 MW(0.2%) 174 MW
Natural Gas 33,018 MW (50.2%) 67,739 MW
Coal 12,320 MW (18.7%) 14,713 MW
Nuclear5,122 MW(7.8%) 5,268 MW.
If one likes Tesla, it is personal Choices; no one will comment; but Bragging about Driving a Tesla would save Money$ and Planet Earth = just 10% Applicable!
Cheers,
Go Go Go! We need clean energy now! And faster!
There’s a geostrategic incentive for China and the EU to get into EVs. US not as much
Except that if the us doesn't, they're heading down the pecking order.
The petroDOLLAR is done, if not now, with 10 years.
Meanwhile countries in the sun belt (equatorial), poor or not, will be investing heavily in solar, boosting their economy.
A "power shift" is coming.
What climate change isn’t going to affect the US?
Public transport is the future. No amount of electric cars can solve congestion.
Thats true and only salutation
There will always be areas where its not financially advantageous for public transit to traverse in. Too long a distance with few people to pick up for moving about is the killer of public transit.
@@daviddill5227 it's an endless loop. There isn't a high demand for public transportation, because there isn't enough public transportation... All the people in those areas who don't have good public transportation, drive. And they don't want to hear about a bus cause a bus is for losers in a lot of people's minds. The *only* places where public transportation won't work is places where, physically, there aren't many people. If there is a place with more than a 100 people, if they change their mindset, there'll be busses there.
FSD
Lol. No. I kind of need my one ride instead of waiting for the bus!
I Would Buy Tesla
The Future Price
The Market Share
The Technology
The Profit
The Potential
The Efficiency
Intuition + Insight =
Innovation
Everyone at CNBC, keep up the incredible work on your videos. And thank you so much for all that you do! Your videos are all such a great watch!
Biased video - they don't talk about Geo-politics. Reason China subsidizes EV is because China has to import oil; US is self-sufficient and has a thriving oil and gas industry.
Lazy and out of date.
My goodness. Despite CNBC releasing this video just two days ago, most of the information in the narrative is super old and by definition is wrong. This coming Tuesday, Giga-Berlin fires up, and a few weeks later, Giga-Austin will as well. Each of these plants, once fully ramped will become the world's largest auto plants in the world. Tesla is making huge margins on vehicles today - and they continue to improve - and now is regularly increasing their vehicle selling prices just to prevent the wait-times for their customers from becoming too long.
Let me be blunt. Tesla is the only mass EV maker today that is turning a profit on EVs. Period.
Another important point. Having greater numbers of different EV models to sell is NOT a recipe for success in this new market. It will only take away from achieving scale which in turn will increase costs.
Tesla is running away from the packs even faster now. With only some minor exceptions, all of the legacy automakers started far too late getting 'serious' about EVs. Many of them right now do not have a strong enough balance sheet to survive one more recession.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
@@HELLO7657 More products are often good, but it can be bad if companies offer too many products that don't functionally differ from one another. This has happened before and it virtually destroyed a company in the computer industry.
Back in the early 2010s, the SSD was becoming a hit. It was lighter, smaller, more efficient and faster. One company, OCZ, jumped into the market in 2010 when SSDs were expensive and the technology wasn't stable. They poured everything into their SSDs - so much so that their existing DDRAM business started failing. The fledgling SSD market quickly became over-saturated with OCZ products. There was the Onyx, the Agility, the RevoDrive, the Vertex and the Octane, but they were all pretty much the same. They offered different ports or form factors, but they never actually changed the variables that customers wanted - price and speed. Eventually OCZ SSDs began failing just like their DDRAM and they were sold to Toshiba where it died after a scandal with the SEC about inflating revenues.
EVs are a lot like SSDs. People are craving longer range and lower prices. That's it. Crack that secret sauce and you will have more sales. With EVs, offering a different form factor might sell better than SSDs did, but there is a risk of oversaturating the market with vehicles offering the same range and power thinking it will gain them more customers. This is not necessarily true. You need to provide what customers demand.
@@HELLO7657 it's true, Tesla had a large issue in supply chain because they offered too many customizations. Since Tesla reduced it's options, the assembly line became streamlined and production increased dramatically.
With the price of EVs, most people still cannot afford it even with high gas prices!
There are several EVs that are 20k
EVs are expensive in the us because of trump's tarrifs. BYD yuan is an EV the size inside of a RAV 4 with 510 km range. It sells in China for $26k usd. So around 30 k usd in the United States. If it wasn't for the Trump tarrifs. Is that cheap enough for you?
They are selling in Panama, Chile, Brazil, Argentina and I think at Cuban resorts. So if you can't get one thank Trump the communist.
@@chrisstearns10 one thing is that only Rich countries can afford electric cars.
Never heard economies of scale? Relax. This is a new tech, it is picking up pace quickly.
@@jjqq9456 China is not a rich country yet so many ppl drive evs?
Ruihua is a professional and experienced EV charger manufacturer, specialized in AC charger, DC charger and Split Type DC fast chargers since 2006.
PROBABLY....WHO IS FIRST....IN GENERAL THAT ONE WILL BE LEADER
3:00 This piece originally aired in March of 2021 for the people who like to react to information they don't like instead of read
Well done China! I like how the country is pushing for clean nuclear power and then BEVs. That's two side of the same coin. It's not the same as Germany who like to think they are green with EVs while drawing the power to charge said EVs from coal-powered plants.
You are comparing China’s future electric grid with Germany’s current one. Germany currently has a much cleaner electricity grid. But I agree that Germany’s anti nuclear policy is stupid.
Great analysis, but you know, there is a country called Korea. They happen to be killing it in EV's.
Jonh and Jane Q Public and all their kids, neighbors etc. They are the winners! Does it matter if Tesla is number one in sales? Does it matter if BYD sells most of their vehicles for half the price of Teslas? Crazy!
This is old and out of date. Pretty sure Tesla is outselling ID.4 in Europe, even though Tesla's Berlin factory still hasn't really started production.
Old and outdated, yes
The German politicians are slowing up Tesla in Germany from opening up.
They know that once Tesla opens up in Germany their own car manufacturing is cooked , it is done.
Plus there be no more tariff fees increasing the cost of the Tesla cars.
Who cares about individual model sales figures ? VW Group has 9 models on the market across 5 brands with several that are really affordable. Tesla has 4 quite high priced models. UK price for a Seat EV is £32,000, for Tesla they start at £46,000 ! GAME OVER ?
Agreed. Even in VW's home market of Germany, Tesla MY & M· are outselling VW ID3&4 by more than 2:1 as of Feb 2022 YTD.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode cars in general is a waste of money and time when you can build city's to be more walkable and better public transportation
Big cities have not been walkable since the 18th century. Carriages, horses and litters were used to move wealthy around be abuse of city sprawl. Then came trams and subways for the lower classes to get to work.
Tesla will sell between 1.7 and 2.0 million EV's in 2022. The sold 936k in 2021. They will sell over 3 million in 2023. They are opening 2 new massive plants and produce their vehicles 300% faster than anyone else. Moreover, their technology and their vehicles are superior. And its an American company. Kudo's to the Tesla team! You're amazing!
2.0 Million produced would be an amazing 2022 number, but it's an optimistic scenario. I think 1.7-1.8 is probable. More than that is icing.
1,3 million max
@@brunoheggli2888 👌
Tesla will comfortably surpass 1.5M in 2022 at this rate. It is likely somewhere between 1.6M - 1.7M barring WW III.
@@vermontsownboy6957 I agree, as we go on through this year I believe Elon will hit the 2 million or more cars in 2023 instead.
My, how quickly things can change. The Chinese are the clear leaders in the EV market. The largest contender from the U.S. currently is Tesla, and Tesla is ahead in North American and European markets. But the Chinese plan on selling their products in Europe, the United States and worldwide. Meanwhile General Motors is still struggling with battery issues (LG chem is a supplier) and have yet to launch a contender in North America. This is nearly a year after this report, in which much change has occured. Time to update?
Instead of giving rich people money to buy luxury cars we need to invest that money in safe and efficient rail transportation. The amount of parking and freeways in our cities is ridiculous.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode cars in general is a waste of money and time when you can build city's to be more walkable and better public transportation
less cars, more bikes.
raise chickens in your backyard!
Just like nearly every other business, China is looking at the long game while U.S. corporations are only looking ahead to maximizing profits during the next quarter so top management and share holders a can maximize their personal incomes. This results in capital being skimmed off the companies which should be spent on R&D and other long game needs to keep the companies competitive in the global market place. This approach is short sighted and doomed to failure in the global economy. Greed by a few hurts the entire country.
It's funny you talk about China looking at the long game. Everything they do is about making money quick and forget ting the consequences or making things last. There's a reason "tofu dreg construction" is famous there. You can look up Evergrande or how much money has been scammed from government by companies like Wuhan Hongxin Semiconductor Manufacturing Co.
As usual, US government was better than the companies. California and Obama built Tesla. Without California subsidies and without a $500 million loan from Obama, Tesla would have gone bankrupt. These subsidies were available to every company but only Tesla moved.
Long game? Given that both China and India are running out of water and have 1.4 billion mouths to feed, I don't think China and India will be economic powerhouses for very long, perhaps another decade. Look, I hope I am wrong and that China and India will be able to continue to feed their people, but, odds are, they won't be able to. The car battery problems being discussed here are easy fixes as compared to maintaining even current global food production in a rapidly warming world.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode cars in general is a waste of money and time when you can build city's to be more walkable and better public transportation
@@freeheeler09 LOL China will be one of the largest benefactors of global warming scientists forecasts that China will have massive increase in water supply as global warming intensifies
Well that didn't date too well did it? Nearing the end of 2023 Tesla has wiped the floor with VW and is increasing its lead.
what damage can an EV gets if in the likely event it is submerged in flood while the electric motor runs and when the motor is off?
I believe still CNBC is using 2g lol
They always talk about subsidies like it’s one sided, when the US has been giving oil companies subsidies for over a hundred years! That’s not a joke, it’s really been that long. It’s over $400billion per year last time I checked. Not only that, the oligopoly or big 3 has controlled the auto market for decades and stifled innovation.
Facts
So basically China this, China that.
the very notion of "In America we like" is exactly why the country is behind in innovation.
very old data
The challenge I see with swappable batteries is cooling, how do you cool the battery? Water cooling has become the new standard.
Keep up the great work,CNBC
for the battery swapping system, why doesn't the Ample app show you the batterys history and give you options. The batteries that past users report to be "poor" are cheaper to install than the newer longer lasting ones
As much as I love Tesla, its really great to see the market becoming more and more competitive. Will Tesla win the EV race, who knows? It doesn't really matter if they or another company takes the spot. In fact Tesla's whole mission statement as a company is to "accelerate the world's transition to sustainable energy", and I think even if they don't come out on top, they would have played a major role in the world's adoption of EV's with governments being the other major driving factor.
I like to think of Tesla as being the Apple of EV's. Apple, who founded and pushed for the modern smartphone market is now just another brand in a sea of other smartphone brands. I can only hope that Tesla and EV's as a whole can also reach that point.
i agree with you but i think Tesla or an EV start up from China will be the leader.. All the legacy auto makers even including VW are still too resistant to working toward EV`s and are already much too late being without having acquired any substantial sources for the necessary amount of battery cells they would need to ever be competitive even at this point now let alone in the next yrs ahead, if you look at their current limitations that all EV makers have in production volume.... and its really limited to all due to just that one battery pack component.
how could Tesla even come close with selling only luxury performance cars? and remember, Tesla has had a 19 year head start on legacy, and VW is already selling over 70% more cars in Europe. Can the average buyer afford even the cheapest Tesla at $55k? No.
Tesla already won. Tesla's mission isn't becoming the #1 in the market, as they will compete with other companies to innovate more (They have their patent open to use for free). BUT major goal for Tesla was to bring EV into the market including other combustion engine companies. Tesla already won their battle and now they can focus on their next challenge. FSD.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution
@@ujjalshill6442 simple answer is you can't design a city to forcefully make people walk. it's like video game no one will play it. if you are going to make people walk you gotta make their living less stressful and give them wealth. They will walk voluntarily.
This video missed the fact that VW admits they can’t produce EV cars as fast as Tesla. They take 30 hours compared to Teslas 10 hrs and VW hopes to get this to 20 hours so the notion that they are better set to mass produce is incorrect.
The time per car is irrelevant if they're producing more cars at once.
@@Ausf it won’t be a relevant once giga Berlin is up and running full speed
time per car is lmportant but its shouldn't increase the cost to produce..oems optimise cost to produce and of the factor is time
But VWs don't fall apart like Tesla and the build quality is better. Tesla goes after quantity rather than quality.
@@bmw803 are you being sarcastic? That’s the farthest from the truth.
Chinese batteries not world class? Like almost all the batteries come from China. The one that kept catching on fire for Chevy Bolt came from south korea.
Very educational video I enjoyed it very much!
This is a very well done presentation. Kudos to my heroes in the cutting room 😉
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
Can you imagine the lines at the charging stations
Most will simply charge at home.
We need more electric and hybrid cars. When I started shopping for mine just before the pandumic hit, I had a 20k cash budget to buy outright, I didn't find a car until after 4 months of searching, found it the first week of the shutdown Mid-march, when nobody else had the ambition to go car shopping during this time, it was the only thing that made anything remotely hybrid attainable and I still had to go from CT to NH to buy a 2019 ford fusion hybrid SEL for 16,500 , it had 38k miles on it & came certified with a 100k warranty. But I still didn't qualify for a tax break.
I am really convinced that EVs are the future because they are certainly not for the present.
With the way gas prices are right now; EVs are looking pretty promising now
Sure... but what if that is the reason gas prices are high?
What if our government set up a situation on purpose.. to make these prices high?
What if you are being MANUPULATED into this?? O_o
You do realise that capitalism works on supply and demand. Right now most people are driving gas cars, supply of gas is low yet demand is still high, resulting in sky rocketing costs. As demand for using electricity increases to charge more EV cars in the future, this will just drive up electricity prices. Companies are not stupi, they’ll just jack up the prices.
Hybrids are better
For now. There's already talk about charging drivers to charge EVs in the future, so we're just replacing it with another alternative.
@@sheldoncooper0 - hence the solar panels going up on my roof....
China/EU is racing ahead probably since they import a lot of Oil while US produces about as much oil as it uses.
Not the full picture. People are fine with driving small cars in China/EU. While in America, everyone wants to drive those hummers, massive SUVs, and pickup trucks. It is hard for EV tech to power those large vehicles that Americans love to buy and flex.
@@pizzadoe7922 For real like wtf is up with them pickup fetishes?
@@pizzadoe7922 no, it's easy to put a big battery pack on an enormous vehicle. Look at the Hummer, Rivian, new BMW i whatever, Tesla Model X, ... It's expensive and wasteful, on top of the expense and waste of such a big car, but people are ordering them. The bigger market is in Model Y-sized, not-really-"compact" crossovers including the Ford Mach E, VW id.4, etc. The electric pickup market could be even bigger.
@@AquaWeiner Some got serious insecurities, and they buy big cars to compensate for that. Have you seen how they modify their pick-up trucks by jacking up those wheels - looking like monster trucks?
The funniest part is many of them are urban commuters, where there is barely any rough terrain. They are just for show-off.
@@AquaWeiner Americans like everything big.
I change my desire to buy TSLA model 3 (even after 7500 tax credit about 36.5K) , part of it has to do with the EV car issuance is more expensive than a Hyundai Elantra hybrid which cost me about 28.5K: I rather saving the 8K different, waiting SPY down some time later and invest that 8K to SPY ETF: I calculate this saving of 8K will more than pay off the 10 years oil spending difference from EV charging cost: At the end of 10 years, my SPY ETF will still leaving with balance of around 2-3$K assuming SPY giving average 9-10% annual return. Note: My 10 years estimate only drive no more than 100K miles.
Swapping won't take off before its standardized by either some larger car companies or EU/US
Swapping might make sense in commercial and industrial fleet applications in regular cars it is DOA or will be very rare, NIO and China excepted.
Why not ban cars entirely and make city's more sustainable and profitable by making them more dense and walkable it will reduce obesity and and other health issues and also battery cars are not good either they use tires and building them requires rare earth metals which causes pollution battery cars explode
The issue is most Americans have a mind set of needing more than 250 miles per charge. Which is understandable considering how much land mass we have. Even though the vast majority of consumers would be fine with 250 miles on a charge
No, that's a symptom, did you watch the video?...the state of existing infrastructure, tech, and economics that will take decades to change. If infrastructure is available for me to get me 100 miles per 1-2 hrs of drive time with same ease of filling up my tank in 5 min, then yeah, I'll buy an electric car.
@@emmakai2243 I agree my lifestyle is too busy to wait for a car to charge and nobody is mentioning the price of the cars! I've looked at some of these EVs and I'm here to tell you I don't know anybody that spending that kind of money on a car!
@@rashawnwaiters you can charge it while you sleep, are too busy for sleeping? Also while buying groceries or while at work, actually it saves more time than going to the gasoline station imo.
And the demand is so high that Tesla still doesn't care about uninformed consumers, maybe in a couple years when they have cheaper cars because it's too expensive now.
The fact is , current cars don't give the range what they promise on road practically
@@jallapavan Why oh why do we have the stupid unrepresentative 'cycles'? They fool no-one.
ICE vehicles are also subsidised.
When Australia stopped subsidising ICE vehicle manufacturing all car manufacturers withdrew from Australia.
You did not cover the amount of new transmission line infrastructure that will need to be built in order to accommodate all these EVS, as an added impact to this matter.
The information in this video is well over one year old. In an environment such as the EV one which is constantly expanding, why release this seriously outdated information as current?