Watch Spanx employees react to the news they’re getting $10,000 and first-class plane tickets to anywhere in the world
Source : https://www.businessinsider.com/author/tim-levin
One of the buzziest new electric-vehicle startups to challenge Tesla is finally delivering on its promise of a model that will drive more than 500 miles on a single charge.
On Sunday, Lucid Motors tweeted a picture of the first Air Dream Edition sedans leaving its Casa Grande factory in Arizona. The $169,000 car comes with by far the longest EPA-rated range among EV competitors, with up to 520 miles—besting the closest Tesla by more than 100 miles.
While all Dream Edition cars have already been snapped up by reservation holders—in keeping with the range record, production will be limited to just 520 units—new customers can order the Air in three other equipment levels. Over 13,000 reservations have been placed to date, with a planned production rate of 34,000 cars annually in the company’s launch phase.
The vehicle is hitting U.S. markets at a propitious moment. Gasoline prices are up, on average, by about 42% over the past year. Compare that with the inflation on electricity—a more manageable 5.2% increase as recorded by the Bureau of Labor Statistics.
- If you’ve been paying attention to the development of electric vehicles long enough, you know that there are endless factors when calculating just how clean or dirty or cheap or expensive they are.
- To give buyers an estimate, the Anderson Economic Group has put out a paper trying to figure out the real-world cost, in time and money, of making the switch from gas to electric.
- While the study authors did point out a fair number of legitimate factors that make charging EVs more time-consuming than getting gas for your car, what they did not do was publish an honest and realistic look at how easy it is to charge up for some people. It’s an exercise in finding convenient ways to minimize the benefits and highlight the negatives.
The latest “Electric vehicles are scary!” study is out, and this one is a doozy. A new paper from the economic consulting firm Anderson Economic Group (AEG) does some novel things as it tries to comprehend the full spectrum of costs associated with making the shift away from a gas-powered vehicle to an EV. The trouble is that the authors can’t hide their biases in their quest to tell everyone that gas vehicles can refuel in less time than it takes to charge an EV.
For example, based on gas prices in Michigan, where AEG is based, the study says the “direct monetary cost to drive 100 miles in an internal-combustion (ICE) vehicle is between $8 and $12, and in an EV is between $12 and $15.” That sounds alarming, and the results show that no matter what, it costs more to refuel using electricity than gasoline.
But take a closer look at Table 2, and you’ll see that three types of gas-powered cars are listed: entry, mid-priced, and luxury. For the EVs, there are also three columns, but they include one mid-priced and two luxury EVs (one that’s “mostly” charged at home, and one that’s more often charged at a public charger). In other words, any cost benefit from buying an entry-level EV is missing from this table.
More important is noting that the study assumes odd habits for an EV driver who “mostly” recharges at home. How odd? The study assumes that it takes 2.5 minutes a day to charge using an installed home charger. This feels a bit too long, but if we accept their assumption and use an average 30-day month, we can see how they calculate that charging at home eats up 75 minutes of time a month. But the paper doesn’t use 75 minutes as a home charging example. Instead, it also assumes people with home charges actually conduct 40 percent of their charges at a public, commercial station. This, then, allows the study to claim that they spend 4.5 hours a month charging their car.
At-Home vs. Away-from-Home Charging
Being able to charge at home is key to the ownership-cost equation, and we would expect that the charging ratio of many EV owners is more like 90/10 percent in favor of at-home charging. Over the past two years, our long-term Tesla Model 3 is running at a 55/45 percent split in favor of at-home charging, and we would expect our figures to be on the high side of commercial charging as ours is constantly driven by people without a 240-volt hookup at home and also going on long trips.
Here’s another example of the study’s less than honorable methodology. The paper makes the case that charging an EV takes longer than an internal-combustion-engine vehicle. This is true for anyone who can’t charge at home—and it is undeniably a real issue—but then, in order to calculate the dollar cost of the extra time it takes an EV driver, the authors assume an annual salary of $70,000. According to the Social Security Administration, though, the national average wage index for 2020 was just over $55,000. ZipRecruiter says the average annual pay for a national in the United States is just over $74,000 a year, but also says that the “average pay range . . . varies greatly (by as much as $52,500).”
In any case, by using the higher estimated wage, the study authors are able to show that EVs “cost” more because they assume that each minute of time it takes to charge is worth more money than if they had used a lower annual salary. Convenient.
Then let’s look at how the study authors deal with “free” public chargers. They admit that these options exist, but then say that they “recognize that [‘free’ chargers] involve a cost that must be paid, and which may be embedded in property taxes, tuition, consumer prices, or investor burdens.” Their solution? They simply “price [the free chargers] using commercial rates.” Well, isn’t that convenient? And you can probably guess how they deal with the various free charging bundles that some automakers offer with the purchase of a new EV. That’s right. Instead of counting it as zero cost, they price it like other commercial rates.
Consumption vs. Efficiency
There’s more. While the paper mentions that “EV buyers typically receive a Level 1 charger along with their auto purchase,” they still include a $600 fee to buy one in their tally of costs. They also make another gaffe when calculating how much energy is needed for each vehicle. Although they cite our piece on charging losses, they apparently forgot to read the one on consumption versus efficiency, because they use EPA combined efficiency figures in their calculations—those already include charging losses—and then add another factor of 88 percent to account for charging losses. Unwinding the double counting lowers the cost figures by more than a dollar a piece to between $11.72 and $12.97. And if you instead assume home charging in a 90/10-percent split, the cost of the luxury EV drops to $10.50 per 100 miles, handily beating the luxury gas-powered example. As we have also pointed out, the percentage of commercial charging makes all the difference, as our Model 3 is no cheaper to fuel than our long-term BMW M340i when always charging at the far more expensive public chargers.
The authors at least admit that what they’ve created here is not exactly a scientific study, noting that they include data from EV drivers “posted on forums for Taycan and Tesla drivers; Reddit; and applications serving EV drivers such as PlugShare and ChargePoint.” In other words, all of the squeaky wheels who went to post a complaint got the grease here, while all of the people who had uneventful charging sessions—and thus didn’t post—were ignored.
Source : https://www.caranddriver.com/news/a38043667/study-electric-cars-higher-cost-questions/
When driving, Clara-Marina Martinez makes a note of any unusual behaviour she sees on the road. She then feeds these into machine-learning algorithms, a form of ai, which she is helping develop for Porsche Engineering, a division of the eponymous German sports-car company.
Those algorithms are intended to produce a system reliable enough for a car to drive itself. Such a fully autonomous car, known in the industry as Level 5, should be able to complete an entire journey without any intervention from the driver, and cope with all situations on the road. But this is proving hard to achieve, and many attempts to do so are being scaled back. Last year, for instance, Uber, a ride-hailing service, sold off its unit developing self-driving cars.
LEXINGTON, Ky. (WKYT) – Many people call it a game changer: the news last month that Ford planned to spend billions of dollars on electric battery plants near Elizabethtown.
It’s another strong sign auto makers are moving toward electric vehicles.
For owners of electric cars in Kentucky, the news is exciting, and offers hope, that more charging stations are coming, to support their no gas transportation.
Mike Proctor, of Richmond, hass owned electric vehicles for the last nine years.
”On a cold winter day, when I see everybody out there standing out there pumping gas, and I drive right past them knowing that my nice warm garage is my place where I’m going to refuel, I’m a happy camper,” Proctor said.
Procter recharges his electric car in his garage overnight. It cost him less than a $1,000 to have a Level 2 charger installed.
”Level 2 is the same voltage as your range or your dryer work on,” Proctor said. “So, the voltage is available in most households.”
Proctor is a member of EvolveKY, a group of about 200 electric car enthusiasts. EvolveKY has 36, free charging stations around the state.
Although tiny compared to the number of fuel powered vehicles, a growing number of Kentuckians are choosing all electric vehicles, or hybrid plugs-ins, cars that have electric and gas power.
We ran into Ken Bates at a free charging station near the Kentucky Historical Society in Frankfort.
”I charge here two or three times a week. Rest of time I just charge at home on the Level One charger, the one that came with the car,” said Bates.
A Level 1 charger uses 110 volts. Basically, the current in your house. It’s very convenient, but it takes much longer to fully charge a car, depending on the battery size.
A Level 2 charger, like the one Mike has, uses 240 volts, about what it takes to run your drier or washer at home. It charges your car faster. Level 2 charging stations are often in public places, and are often free.
The most powerful charging stations, Level 3, known as DC Fast Charging, can fully charge a vehicle in less then 30-minutes. However, they are not free and they can cost up to a $100,000 to build.
Tesla has its own fast charging stations on the roads.
”The thing is we’ve gotten so much more infrastructure in place so there’s a lot less of a concern,” said Emily Carpenter with the Kentucky Clean Fuels Coalition. ”So, our goal is to have a fast charger every 50-miles on all of our major highways. So, it’s a very big goal.”
A popular App called PlugShare shows the exact location of all the charging stations across the state, both Level 2 and the fast charging stations. If you click on the station, it tells you exactly what level it is, and how much it cost, or if it’s free.
Still, charging stations are not yet on every block, and that has prompted a condition among electric car owners called “range anxiety.”
However, as newer models come out, the range of electric cars is growing, and more charging options are coming online.
LG&E and Kentucky Utilities just jumped into the electric charging station effort. They joined the Electric Highway Coalition, which is focusing on adding more charging stations.
Kentucky’s two largest utilities operate almost two dozen charging stations, and also help businesses that want to host the chargers.
Source : https://www.wkyt.com/2021/10/21/ford-announcement-sparks-excitement-electric-car-owners-kentucky/
Source : https://www.businessinsider.com/tesla-model-3-most-american-electric-car-mustang-mach-e-2021-10
In the third quarter of 2021, Tesla has become the first manufacturer that cumulatively has sold more than 2 million battery electric cars globally.
It took Tesla quite some time. The company was founded in 2003 and launched the Tesla Roadster in 2008, Model S in 2012, Model X in 2015, Model 3 in 2017 and Model Y in 2020.
The 500,000th EV was sold in Q4 2018, the 1 millionth EV was sold in Q2 2020 and as the volume increased to 800,000 in the past 12 months, in Q3 2021 Tesla crossed 2 million mark.
No one is currently able to beat Tesla in the EV sales numbers, as the company simply continues to increase sales and sell more than other brands and automotive groups every quarter.
That, combined with a high average selling price and outstanding margins, as well as one of the highest average battery capacities per vehicle, makes Tesla a stand alone market leader globally.
We guess that within two quarters, Tesla will increase its production and sales rate to 1 million units per year (it’s already above 800,000 in the past 12 months).
The 2 million Tesla electric cars consist mostly of Model 3/Model Y, with a big share of Model S/X, but let’s not forget the first 2,450 Roadsters that were the starting point.
- Tesla Model 3/Model Y: over 1,505,000
- Tesla Model S/Model X: over 520,000
- Tesla Model Roadster: about 2,450
Unfortunately, Tesla does not report the sales of individual models, but rather groups them by “platform.”
Our data indicates that the cumulative sales of Model 3/Model Y exceeded 1.5 million, while Model S/Model Y 0.5 million, which in both cases is a tremendous achievement.
Electric cars are more popular than ever, but Tesla is losing market share to new competitors