How Mexico, the US and Canada plan to take over global production of EV cars | Transforming Business
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- Опубликовано: 20 сен 2024
- Chinese companies are pushing deeper into the global EV market. Now the US wants to supercharge production -- on its own terms. Its $370 billion Inflation Reduction Act aims to boost the share of electric cars on US roadways by relying on production and supply chains across North America -- and excluding China. But can it work? And can automakers and workers handle the transition?
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Correction: Anita Rajan is general director of the Washington, D.C., office of the Japan Automobile Manufacturers Association.
Reminds me of the 1970’s when the American car manufacturers said they could beat the Japanese in making affordable, reliable and fuel efficient cars. Lots of “can-do” bravado, but the actual results were pathetic.
American car manufacturers are busy building Main Battle Tank size Trucks and SUVs.
If they actually wanted is another thing.
Difference between right now and 1970s is, back in the 70s US was the world's largest auto market, today it's China.
And Tesla is the the money in stock market... Not Ferrari, donkey, camel , byd, horse Toyota or BMW
@@simpmaster7995 Because thats what americans want to buy. Does matter if you build small cars if americans wont buy them
@@WorldIsWierd ever heard of active marketing? persuade them to buy smaller cars
Meanwhile China is doing something else completely new, where as US is just trying to catch up 😂
Made in America but breaks faster than Made in China LOL
US is terrible at designing & implementing industrial policy. The best way to encourage EV sales is to increase the tax on petro and use the additional revenue on charging infrastructure.
Thar's kinda what the Chinese Govt did. They give incentives to chinese buyers of EV cars and make it more costly to get automobile types.
That’s lunacy . The people can vote with their own money what they want to buy , government extortion will not change anything other than causing a revolt
Only when America adopts environmental protection laws similar to Chinese ones. A level playing field for all producers.
Did you just suggest that china enforces environmental laws despite all evidence to the contrary ? 🤣🤣
@@bigmedge yes, even thou you have eyes but are blind.
Chinese cars will soon become national security problems 😂
You mean Chinese EVs that come with fireworks.
@@JigilJigilyou like a loser😂
@@JigilJigil : more like how China weaponized their market dominance in rare earth metals against other countries to settle geopolitical disputes (eg, Japan in 2010).
@@JigilJigilsour grapes
As if Tesla's aren't already?
China is manufactoring sodium batteries that cost a fraction of lithium batteries. US cars will be too expensive to export at this rate. Chinese EVs could have a higher market.
China is making EVs for under $10K.
No other country is doing that. All are pushing > $25K cars
Ever heard of Tata Tiago EV ? With 250-350 km range near 10k price
did you ever had anything made from chinese market?
Chinese factories are receving heavy incentives from the state to flood markets. Whiteout CCP whiteout "western" knowhow china remains just the biggest shitwhole.
And they catch fire, and rapidly rust. Think you're safe in a cheap Chinese EV?
@@randydutton1
Citation?
They are cheap becasue they are not EVs, they are basically E-Coffins.
China car in the US: national security issues! While American Car in China: just business😂
Chyna slaps huge tariffs
@@jimmylam9846 what han poo? Latino can be anything bat soup muncher, even white what Han wish to be 😂
China is a dictatorship with a vicious evil regime controlling everything, they have no tolerance of free speech and suppression is the only language they speak, on the other hand US is a democratic free country where everyone is free to speak their mind, that's why.
CCP has it's tentacles everywhere and in everything in China. Everything is harnessed to do the CCPs bidding. That's totally different from how things are done in the west, where companies are independent.
@@mutkaluikkunen3926US senators must be very happy hearing this.
Actually Europe is the one that's going to have major issues with EV manufacturing, US (private and public) is pouring huge amount of money and resources on lithium battery production, while Europe is struggling to do the same, just during the last 3 years over $240 billion of investment in Li batteries production bas been announced in US and 2-3 times of that will be invested by end of the decade, unfortunately that's no the same with Europe, they will be dependent on China as they were with Russia's energy.
they will just buy america
This is not rue at all.
In the US Ford + GM has produced 100 000 EVs in 2022.
The Production of
BMW= 200 000
VW = 500 000
Mercedes = 110 000
So europe is in much better position to transform to EV production than the US.
Non of the above manufatcuresers have own battery manufacturing, so they are equal on that.
Tesla is building own battery plant in Germany too.
France, UK is giving out huge subsidies for cell manufacturing right now.
Your comment is factually wrong!!!
@@balazsfried3592you're wrong
The us will transition and Europe will falter
The reality is the rules are harsher to European companies and Europeans don't buy trucks..the reality is the EU will find it hard to transition as an exporter
BMW will probably go bankrupt
@@TheMagicJIZZ >> The us will transition and Europe will falter
@@balazsfried3592 :>>Non of the above manufatcuresers have own battery manufacturing, so they are equal on that. > Tesla is building own battery plant in Germany too.
Losing ground? Tesla literally was the most sold car in Q1 and by far the most sold BEV. Top electric vehicles are all Tesla, which also holds top3 spots in the most American components inside. The video title should be "the old legacy OEMs are losing ground"...
What a short sighted comment. If you stopped brown-nosing Elon Musk for a bit, maybe you'd understand what the point is in the first place.
1) If you go from 90% market share to 60%, you're still in the lead, but you're also losing ground.
2) Tesla's fastest growing market is China, where it is competing, and losing ground, against multiple Chinese upstarts, not the legacy American brands.
3) The video is about America losing ground as a whole, not individual companies. The opening statement is that Europe and China are now producing more EVs than North America. If Tesla sells Chinese-made cars in China, or European-made cars in Europe, Tesla is making money. The US is not.
Cybertruck will be the most American car ever built and it will change the American truck-landscape forever.
@@mrm.5787and will likely not sell one single unit in Europe ;)
No, BYD's new energy electric vehicle sales are the world's first and other Chinese brands you look at the world's top ten electric vehicle brand sales will know the basic is China, of course, including Tesla.
Thanks a lot to correct the article. It is so distorted from truth.
Reminds me to Joe Biden:
" Mary you have lead, and this mathers... " 😂😅
Without Chinese batteries supplied chain GM and Ford can not make 1 million EV…You can built as many batteries plants as you want but you still need the materials and a lot of it to make a millions of battery …If GM and Ford can not use Chinese supply chain they go under..
I find it funny that you’re talking the rep from JAM considering how far behind Japan is on BEV.
Perhaps a Chinese rep could tell best as back home they are global leaders but No politics come before senses in US.
Electric cars wont save the world.
EVs produce the same condition as ICE vehicles - gridlock. The solution has been to expand infrastructure, resulting in a death spiral of long term maintenance costs for all car dependent infrastructure. They're using the same arguments from the 1950's car culture to sell EVs today. It's laughable. The debt death spiral continues...
EVs are a major part of a much greater energy transition. It is naïve to think a single sector can "save the world".
Very informative, but Tesla, the largest and fastest-growing EV maker in the US, was barely mentioned. What gives?
Politics!
Tesla is on it's way out. Aston Martin just joined forces with Lucid, headed by former Tesla VP and chief engineer Peter Rawlinson who also worked for Jaguar and Lotus, former Tesla VP Sam Weng and Bernard Tse.
I know - Tesla is one of the US' most promising companies, yet it's citizens and government are always hating on it. It's product is more American made than any other US manufacturer, they make more money, pay more taxes, you would think the average American would be proud or supportive... I can only imagine it's people hating change and Elon Musk.
@@rambleon2838 and how much does Aston Martin or Lucid sell? They are nothing compared to Tesla, and I don't even like Tesla.
@rambleon2838 Rowlinson is head of Lucid which is on its way out. Having worked for a lot of different companies may give him a longer resume but he is nothing to Elon.
He said “ they not do business with China on EV cars” 😂😂
Good luck sir…
With China Belts and Roads strategies, Asian countries are progressing rapidly in catching up with EU. Asian R&D's will improve immensely which will be a big challenge for western countries in all economical areas in 21st century and beyond.
Unless they default on the loans.. cough Pakistan, Sri Lanka, and all the other countries that took massive dept from the PRC.
The BRI is nothing but a debt trap to expand the CCPs military reach.
Hahahaha China using electric cars that’s pretty funny.
China has been cut out of critical supply chains for EV's. Decades of stealing intellectual property and the sale of that tech to other consumers "at a discount" left most of China's advanced trading partners unwilling to continue to do business. There's no reasonable way to undo that well earned mistrust. That mistrust is already crippling China's economy.
China EVs are the best example, they come with fireworks as the whole package.
Weekly China (1/1) accomplished
I struggle with the belief that this video is truly an example of objective reporting. Exhibit A is that the overwhelmingly most frequent expert opinion featured on the topic of America's ability to expand battery production is that of Anita Rajan, who is the general director of US Japan Manufactures. But Japanese car manufacturers are lobbying hard in the US in favor of the hybrid electric cars they make over the EVs that their competitors make. Their premise that this lobbying is a good thing in order to prevent a shortage of batteries In other words, this video features center stage a lobbyist who represents an interest group that will profit the most by convincing everyone that the US can't ramp up battery production. Meanwhile Tesla (currently the world's most successful EV manufacturer) vehemently argues in opposition to that view and is even now investing heavily in its own North American battery production and lithium refining operations. So why the lack of balance in the way this topic is addressed? There absolutely are industry experts who argue against the views of the Japanese auto manufacturers as presented by Anita Rajan. Why are none of these rebuttal experts featured in this video? Could it perhaps be because DW is a German news source and Germany also opposes US local content regulations? Please, if there is some other reasonable explanation for this level of bias reporting I would be interested in know what it was.
the fact is the us is laging behind in ev adoption ,you can find a reason to explain that
@@williamwatitwa3534 The US, as you say, is currently behind Europe in EV adoption. It is even further behind China. But this has absolutely nothing to do with the issue discussed in this video: what is the best way to catch up?
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In the words of Wayne Gretzky, (one of the greatest hockey players who ever lived), the one who ultimately wins is the one who knows how to skate to where the puck is going to be - an excellent analogy of what the US is currently doing. To a far greater extent than what one observes in Europe, North America is currently in the midst of its most profound reindustrialization since the post depression era in the runup to WW II. A staggering 18% of all new construction spending in North America over the past 12 months is devoted to the buildout of new factories - more than $1.4T last year alone - with a substantial portion of those new factories overweighted in "green" industries such as new battery cell plants.
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And the pace of that industrialization is only quickening - there are announcements of new multi gigawatt hour North American battery manufacturing projects being announced literally every few weeks.
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So yes, America is currently behind in EV adoption. But with aggressive new industrial policies underpinned with robust incentives the US it is now skating flat out to where the puck is going to be.
I agree, this is a terrible article. A shame on DW (othervise) reputable image.
We need to have Chinese manufacturers here in America to teach us how to do dynamic manufacturering.
The main challenge for Evs in USA is that Americans do not want them.
What? Says who? This is absolute nonsense. They are growing in popularity every year and they’re already quite popular.
Says some creepy old internet troll who probably is so old he doesn't have a license.. Or is that for OTHER reasons?
America is slower than others to see the curve but it's happening... It's slower because of policy and protectionism not to mention an anti-EV bigot in the white house between 2017-2021...@@BausofHogs
If Americans likes buying high priced USA’s EV, why not?
US is a rich country, money is not an issue there unlike China where most Chinese has no choice but to buy Chinese cheap EVs which are basically junk.
@@JigilJigil Americans hate you because they buy a lot of products from China, guess you can't afford an iPhone? ? ? Right?😂😂😂
@@JigilJigil
USA borrowing money and printing money notes make USA richer than other countries in the world.
When there are too many debts, USA government stops worrying about them.
@@袁大陸 You have no idea what you are talking about, I know Xitler is dmub but clearly his Wumaos are dmuber than him.
USA EV will be on a league of its own...where it will be 100% more expensive compared to other areas in the world. Unrealistic bureaucrats
Tesla has all of their cars and the semi at the top of the list of the most American made cars and The Cybertruck will be at the very top.
yet china have the most cars on the road and the most intergrated system , from minerals to batteries to manufacturing the cars.
@@williamwatitwa3534 And yet thus far Chinese EVs are only successful in China whereas Tesla currently commands a 15% EV market share in China,19% of the EV market in Europe, and a stunning 74% (during the first 5 months of 2023) of the North America EV market. Meanwhile one model of EV made by Tesla - the model Y - also happens to be the best selling car of any type (gasoline or electric) in the world.
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As for China dominating battery cell production and having a more integrated supply chain - true, but that is exactly the issue that is currently the object of a virtual explosion of new battery cell and refining projects on the North American continent over the past 12 months.
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So, with a nation commanding the immense capital reserves and dominating technologic prowess of the US now acting with single minded determination to create an alternative battery electric supply chain outside of China, perhaps it might be best to just put a pin in those thoughts about integration and supply chains to come back in about 3 years to see how well it ages.
@@williamwatitwa3534 1.4 billions people.
This is because Tesla doesn't face competition from Chinese cars in the US market. Do you know Tesla has to sell its cars 20~30% cheaper in Chinese market to be competitive?
@@registerhand4720 Yes, I did know that. And did you know that Tesla is able to profitably sell cars in China cheaper than in the US because Tesla builds cars cheaper China? This will not, however, be true of the cars coming out of the new Tesla plant that will soon be under construction in Mexico. It is estimated that Tesla will actually be able to manufacture cars at that plant cheaper than what it can build cars in China and also for less than what it will cost Chinese manufacturers to build cars in China and then ship them to the US. Meanwhile, and more importantly, did you know that most of Tesla's Chinese EV competitors, are, unlike Tesla, losing money as a result of trying to compete with Tesla on price - including Xpeng and Nio? Tesla is doing just fine competing in China. In fact, today I saw the numbers just posted for Tesla's Q2 sales in China and they are a new record.
The US has never been able to build reliable automotives for decades. I should know bacause I bought a Dodge.
I don’t see how the IRA can hinder EV sales. The worst scenario is that automakers don’t sell cars with the discount. Tesla was doing that quite well for years.
I think DW is trying to create a narrative that the US can't survive without China. It's not too surprising considering that Germany has sold out to China years ago -- VW is the largest auto seller in China and Germany's auto industry requires that their gov't maintain good diplomatic relation to maintain their sales in China.
How can you talk about the US electric car market for 11 minutes, and mention Tesla once ? When telsa owns 50% of the us EV market?
Have you forgot the one player in the market who has monopoly?
German precision is it?
How come the japanies manufacturer assosiation speaks about ambitions 3 times when Honda, Toyota, and nissan has Zero cars to sell in the US???
Oh, and you have found no data or information about Tesla, at all,at all.
Congrats to skew information so much, that is closer to an open lie, than to proper information. 🤑🤐🤯
this video is partly incorrect part of the tax credit for electric cars in America is that a certain percentage of them must be built in the us and the car must be assembled in the us
The answer is, “no.”
I can see the push for more LFP batteries if you want to move away from cobalt usage for the US market. It may be less energy dense compared to batteries that use cobalt, but LFP is less prone to thermal runaway and lasts longer. For those who have relatively short commutes, the reduced range should not be a problem. If a family wants to do a road trip, they can use their current ICE cars they already have.
Not if EVs from oversea increases the range at a cheaper price...
In theory only. This compromise isn't compatible with contemporary America.
The industry trend is to minize the use of cobalt for various reasons -- its scarcity, high cost, child labor, etc.. The raw material cost of NMC which is used in "premium," or longer-range/performance EVs are already cheaper than LFPs at this point -- and they are getting cheaper as the energy density increases and the cobalt content decreases. We just need to wait a few years for them to be commodified as they ramp up manufacturing capacity.
@@tooltalk The IRA is essentially dead on arrival just like the Build Back Better campaign. To set up the complete EV supply chain by cutting off China would take 17 years but the deadline is 2030. Go figure.
Fact: Globally the construction industry emits more green house gas than transportation on the road.
Who been building most of the construction in the past 30 years
@@WorldIsWierd - China, Dubai/UAE, SE Asia, Eastern EU, Americas, Africa, Central Asia, Korea, Japan… Artic and Anartica probably has the slowest growth
Who is writing these headlines lately?
That was not one of DW best work.
car makers in the West were making big money 30 years ago
The fact that they say "it s gonna be hard" sound good to many, if you are gonna throw 1T$ at business don't ask them easy thing in exchange for it, ask them hard thing that they wouldn't have done otherwise, like developing a cleaner acceptable in developped lithium extraction process
I think about the movie "Who kill electric car". OEM don't want to even invest in R&D for the BEV. It's not too late, just start to do that.
Canada has no tariffs on Chinese cars so BYD and Geely really should be setting up here along with Mexico...
Have you not heard of Tesla? They literally have a factory in DW's home of Germany. model Y was the world's bestselling car.
No, BYD's sales of new energy electric vehicles are the first in the world. There are other Chinese brands. If you look at the sales of the top ten electric vehicle brands in the world, you will know that it is basically China, except for Tesla.
Since Tesla relies heavily on sourcing batteries and parts from China, one could argue that they are primarily a Chinese company.
That's false
They depend on Japan way more.
You're being dumb. Tesla china yes gets batteries locally. But Tesla is heavily self reliant and disconnected from china
The model s and X batteries come from Panasonic Japan. Imported o California
The Freemont model 3 and y get their batteries locally from Nevada. The Texas Austin model y is from Nevada and the onsite battery plant.
Tesla does not import ANY batteries from china for its US operation
The model y is the most American car ever made at 97% domestically made
Now Tesla gets 30% of their revenue from china but that's a local car brand subsidiary. They aren't like apple
This pressure is what we need to kickstart the entire US and NA free trade corridor countries economies.
It would be interesting to see a story about how much money has been spent in China and Europe on subsidizing and protecting their industry. I would wager it is alot more than in North America.
Meanwhile how much money has been spent to bail out banks in the usa? I would wager it is a lot more than the whole continent of asia and europe combined.
I would wager it is not. Practically the entire world have been subsidizing American industry including vehicle manufacturing through the dollar domination and the numerous bail outs by the US government.
China was not protecting, China was pioneering. Only laggers need to by protected.
With current US policy, it is impossible. Just look at the chart of lithium Ion Battery. :) That is the main component of the EV industry. You lose that; you lose everything.
Tesla in the United States relies on China's strong manufacturing market to succeed. Musk is most aware of who supported his success at the time. BYD's blade batteries are the world's top and also the top in sales. You should ask Musk if he is willing to return to the United States or move the factory out of China. To be honest, who in the entire West has the construction strength and huge market to support Musk, India? Don't be joking, India's infrastructure, including its chaotic management, has no skilled workers in the United States, including Europe. Therefore, if you imagine it, don't take it seriously. Capitalists are not fools.😂
2030,Made in India. We have already had a UK PM, a USA vice president. Plz give us more visa.
Just make USA USia.
Jai Hinduja. During Modi rockstar performances in Sydney and Washington, we had implicitly said Make US Indian Again. Now Make 5Eyes Indian Again.
Are we going to destroy the environment in the US and Europe further by insisting that minerals be sourced here/there?
Yes, that's the hypocrisy of liberal environmental wokeism -- as long as they are NOT mined and processed in my backyard...
Tesla has been the biggest player and is growing profitably faster than anyone else.
Ignoring them in this report, why?
Their model Y is the best-selling car in the world.
Because Tesla depend on chinese batteries deeply. That is why Tesla can sold at a affordable price. Any company can't win in price-performance battle with chinese companies.
@junguo3088 That dependence is being reduced all the way back to lithium processing and in-house battery production.
They have a way to go yet, but it is happening.
Your valid point about Chinese dependence for batteries is true for all EV makers worldwide, not just Tesla.
Besides that, my point was that the leader in EVs worldwide was barely mentioned.
@@ersinc9080 If the dependence can been reduced, it already happened. Same as battery produce, any companies making batteries can't win at price-performance level with china companies when the market is free and fair. That is why US union G7 want sanction and reduce china companies. Us has ban 1000+ china companies that they can't compete fair and free on market. Anything chinese can build, no others can win chinese at any fields.
@@ersinc9080 By the way if tesla did not using chinese battery, tesla could not be the leader in EV worldwild, tesla should already lose its ratio of EV worldwild.
@@junguo3088 As would be true of all EV manufacturers.
Wish they would focus on hybrid tech
Hybrid???
You are funny, hybrid technology is dead.
All research shows that hybrid is the worst from both world.
Hybrid is an excuse to delay the real transition, and polute our cities for longer!!
What’s the effect of used car markets on new auto demand? Do they sap demand for new cars? Or do they ensure it?
Frankly, US battery makers is not cost effective, less advanced, nor production able. US battery maker stocks are all down down down. $50K a EV car is too expensive.
$7500 tax credit, your actual saving is about $1350 (18% income tax rate) to $2100 (28% income tax rate). Correct me if I am wrong...
The US doesnt trade international doesnt need to. The US still have great demographics and consumption and even if china tries eventually europe will put trade tarriffs on china so it wont matter
Why i feel like dw doing china marketing by negative titles! But actually doing marketing of ccp? 😂
Bringing back manufacturing to US has a big price tag.
At the end the real question is, will people by the US EVs?
The price, performance, features are the key.
There are many valid reasons why we gave up on manufacturing of things to begin with...
Great point. But nationalists won’t care. Made in USA just sounds better, reality and logic exists in another realm
US isn't going to bring it back to the US,ll but bring it back to Mexico. US knows its labor cost is too high, but Mexico has cheap labor. Taking manufaturing out od China weakens chinese manufacturing, have it made in Mexico secures the supply chain, and more employment in Mexico will reduce illegal immigrants crossing into the US. It's like downing 3 birds with one stone.
Maybe they will after seeing red skies and forest fires coming closer every year. EV or Al Nino,
Triple B - Build Back Better i.e. with technology we can produce better and with less people than in the 80a and 90s when all moved out
With your present government…. Good luck 😂😂😂
the top in of the market is full. why dodge has not started selling the 4ooo fiat 500 in the u s a is a question.
I hope the EU will have similar requirements for it's incentives. Only the EV's made in the EU can get any incentives.
>> Only the EV's made in the EU can get any incentives.
@@tooltalk Yes, exactly. There are multiple battery manufacturing facilities popping up all over Europe as we speak.
who cares about EV? the US is still #1 producing cars
I love that deal. It s truly laying brick on building a resilient economy. It goes wider that ev, having "domestic" battery, chips, mine, refining, make it more probable you ll have a industrie for machinerie, equipement and fourniture for those. Maybe all those mineral, batterie and chips will be one of the elements fuelling North America big Android boom of 2050?
How will the US have an autosufficient production line on this regard without major trading partners like China or even Russia?
US is literally trying to dismiss a very big country with vast mineral rich lands
that's a bold suicide move
@@2841guilhermelast I checked, Russia and china is not the only countries the US can trade with. Why should the US trade with obvious adversaries who don’t like them
@@tjj1489 Maybe because they have half the raw elements the world needs for advancement in technology? Not only that, China has the manufacturing capabilities at a cheap price, thus making the US market less competitive (I'm not saying it won't be competitive, but it is a challenge)
And the same goes for China
you sound just as unaware of consequences as a Chinese saying they don't need the US for trading
this is not the SOviet Union where they were so economically closed to the democratic world that you could literally easily cut ties with them, China is the leading world exporter
@@2841guilherme Canada and Alaska can cover for Chinese rare earth, the US is already partnering with other allies on critical minerals sharing (Australia, Chile, Canada, EUROPE) so there’s plenty of alternatives. This is a national security matter to the US along with semiconductors. Of course we won’t decouple from China completely, but only in certain strategic sectors. Bills like the chips act and inflation reduction act is ramping manufacturing back to the US, while implementing permitting reform so projects can happen quicker. If a conflict do arise with china or Russia we won’t be complete beholden to them on the most important thing. The economy will collapse but we will recover
@@tjj1489 Its not the rare earth its the tech and IP for processing the rare earth, that the Chinese control..It will take western country atleast ten years to catch up to China in this field...Most of the rare earth mine in the US is ship to China to be process..."knowing is half the battle" GI Joe🤣
The important part is the battery technology
Cheaper and more durable is the priority for most not the range they say people want... I know I want a 200-mile 320 km range car that can fast charge on the occasional road trip... And I do mean occasional..
No. North America already lost this technological battle with China and Europe. Especially not to mention the infrastructure in the USA, where public transport literally does not exist.
Iron phosphate batteries can replace lithium ion batteries. They are already mass produced and used in vehicles.
Add Sodium-Ion batteries to the mix starting now in 2024...
Imagine if USA didn't have Elon and Tesla.
Imagine if Chyna didn’t have western technology
Tesla isn't having anything special to offer to consumers. Their biggest selling point is their charging network.
Once the traditional automakers catch up, there'll be no reason to buy them.
@@firefly4907 China is most advanced and competitive EV market and Tesla was second best selling brand in Q1 2023
In 5 years Tesla will be gone! BYD can make cars & Pickups for $10K with good battery range 1000km with 15 minute charge.
@@humnnn wtf 😂 imagine Chyna still being closed off and lagging behind the west like they did before the hundred years of humiliation
China eV's are going to be built in Mexico to by pass the 25% US tariff. China is already the biggest supplier of cars (all categories) to Mexico. Of course the US and Canada can wait for its legacy auto OEM and battery makers to catch up, but they may never catchup irrespective of the amount of subsidies because of critical mineral constraints. Fear of Chinese eV could delay their reaching climate goals.
Tesla sources battery from LG, LG sources lithium from China. Tesla qualifies for the $7500 credit. Go figure.
Leapfrog over China. Use better technology such as Exro Technologies' Coil Driver to increases power, speed, and range; and use non-lithium batteries that are better, more power dense, safer such as Graphene Aluminum batteries.
Then why bitiching all ev supply chain from china, need to decouple?
Sorry but that should have been the plan ten years ago. The electric car transformation will happen but only because China has done it already with economical, quality ev's ..
We human beings are on the same boat, and corporation is the only choice to work out for our future!
Absolutely Energy Blind let alone Eco destroying Mining!
This will all collapse in the not too far away future with regards to minerals and metals let alone water crisis 😎
Nonsense.
@@speculawyer A very awakening podcast regarding this called Gita : Master Series researched by Petroleum geologist Art Berman and mineral metals Professor Simon Michaux
we love all things chinese from your supporters at laos.
raised to 75% of value just means they change more to meat imposed demands .
Electric cars are not the solution. Why not using seaweed fuel engines instead?
Than buying an american disposable cars...
Its time that cars be affordable
What a joke? Tesla is what? Chinese brand? 😂 Tesla is something Chinese will never be able to catch up with imo. Sorry Beemer and Mercedes you two as well 😅
Legacy automakers are already lost. They just don't know it yet!
Usa🎉forever ,love in my heart,
Chinese EV 👍🏼
The USA has to depend on the USA for its own economic and energy sources
And we are ok to let other countries to depend on us. Like Microsoft or Google.
Tesla is dominating
Yes
Please I am in Ghana. Previously I got your channel on our free channel now I we are getting it anymore .I found out that you are on Dstv I went to buy on but your channel there is Dutch not English. Please any alternative for me to access your channel
Love my American made f150 lightning. Its one of the top ev on the market.
Ev cars don't need fancy things, they want to push fancy things to control everything whicg is wrong we
Renewable electricity producing organic air batteries developed in India which converts residual ambient solar heat available around us 24hrs in the "shadow" has potential to replace all other methods of electricity production to power household devices, to power EVs and to supply electricity to the grids!
Further, this new renewable electricity production method has potential to give additional income to landless homeless poor households to rent or to build their homes instead of living in streets!
US prints trillions of dollar in a year and also pass anti inflation bill.😄😄
😂😂😂 forget about the elephant in the room. China ev market bigger all three countries combined
China "buys" their own EVs and then throws them into a lot to say that their selling more EVs than anyone else
That is misinformation spread by a known anti-China RUclipsr
Export numbers are cars which are not sitting in a lot in China. Maybe use some common sense for once. Who knows maybe your extreme racism and bigotry might dissipate a little as well then.
Let’s assume that this is 100% successful. What would be the reduction in global temperature by 2050? What doesn’t anyone ask?
I think it's about slowing the temperature rise down. A reduction it temperature is not they are talking about. Is that worse than you thought? Sorry.
For some reason united states' holding back on electric car
Must be hard for Japanese, Korean and European auto makers. They are now forced to invest massively in American supply chain and American factories if they want to have a strong presence in US. The foregin car brands might just have to slow down EV plans in their own country to prioritize US market, thus leading to US getting ahead in EV development. US really knows how to use their massive market to their advantage.
There is a reason US is the world number 1 super power. They can willingly make foregin companies do their bidding and go against their own countries future interest.
>>Must be hard for Japanese, Korean and European auto makers ...
No,because of the 19th century thinking here
In their dreams !
There's no logic in China being the EV manufacturing hub for the entire world. Policy makers need to have a serious look at the carbon footprint the entire process from digging up natural resources all over the globe, shipping it to China, over one thousand coal fired power plants needed to delivering the electricity for manufacturing to distribution on huge cargo ships that upwards to 400 tons of diesel burned a day which is equivalent to the consumption of 1,000 cars per day.
Another consideration, as the Senior Fellow has pointed out, is how will an entire EV economy effect the entire automotive service and maintenance industry. Will this create mass unemployment?
NAFTA, signed by Clinton but drafted up by the anti labor Reagan administration, was to outsource labor intensive jobs and weaken the labor unions who traditionally supported Democrats. Not only did the US automobile industry move supply chains to Mexico and elsewhere so did the garment, shoe, furniture, tools, electronics industry offshore completely to China.
I do disagree with Gary Hufbauer that domestic production will be too costly. Since NAFTA many car companies from Germany and Japan have built assembly plants in the US, his argument has little value when today fully loaded pick up truck pushing $80k and above mostly assembled by robots and foreign sourced material.
Lastly, as Russian abhorred aggression on Ukraine has exposed is when the power supply is destroyed no EV will be running for too long and an Army would not be able to defend it's homeland without fossil fuel.
The future is in nuclear fission and hydrogen.
"how will an entire EV economy effect the entire automotive service and maintenance industry. Will this create mass unemployment?" Not mass unemployment but EV's need very little maintenance so far fewer mechanics at dealers. And probably far fewer dealers.
"when the power supply is destroyed no EV will be running for too long" Roof top solar. Personal fuel independence, at last.
@@ianhamilton3113 That's what I meant with mass unemployment not only at the dealers level. It is also the entire parts industry what makes a gas or diesel powered engine run that will be effected. Let's see how many politicians will go to that length.
@@ianhamilton3113 Solar would only work if it's independent of the grid, has storage capacities and your roof will not being blown off by an incoming missile and the sun keeps shining.
@@rambleon2838 You missed out the oil industry in your list, from well head to gas station. One hundred years ago same thing happened when ICE vehicles took over from horses. Economies adapt.
Yes it can, there's nothing US can't do once it sets it's eyes....
Jai Hinduja. Indian origin talents will be instrumental to the US's EV transformation.
only the half-life of union leaders is significantly shorter....in mexico...
NO
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Hey trolls, get ROSETTA STONE!!! Your comments make absolutely no sense. 😂
How much EV couraging policy could still keep on if Republicans become president next year?
Who wants to buy america cars? Not many americans want to buy them.
no