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Expensive electricity rates are making home battery charging a headache and outside of the home, inconsistent and sometimes high pricing policies, frequently broken equipment, and a lack of battery chargers in key locations for all but Tesla drivers is frustrating electric vehicle owners. Inflation and intermittent renewable energy (wind and solar power) are escalating electricity rates, making […]
Minor damage to an electric vehicle battery pack can lead to the entire car being totaled, leaving the expensive battery packs piling up in the scrapyard and causing higher insurance premiums. With no way to repair or assess slightly damaged battery packs after accidents, electric vehicles can lose up to 50 percent of their price, rendering it […]
China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade. Chinese-controlled lithium mines, including those in Africa, are expected to increase output to 705,000 tons by 2025, from 194,000 tons in 2022—almost quadrupling the amount of its global supply and lifting China’s share […]
A recent article in the Wall Street Journal, “The Energy Industry Prepares for Upheaval at the Gas Station,” points toward a big problem ahead regarding electric vehicle (EV) recharging. “Electric vehicles are a small but growing share of cars on the road,” Carol Ryan begins her article. “Energy companies already need to prepare for how […]
Ford Motor Co. recently announced plans to invest $3.5 billion to build an electric vehicle battery plant in Michigan with Chinese partner Contemporary Amperex Technology Limited (CATL)—the world’s number 1 maker of electric-car batteries with 13 factories in Europe and Asia. CATL would license technology to Ford to produce lithium iron phosphate (LFP) batteries and would provide […]
On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the latest inflation numbers, the fumbling future of electric vehicles, and preliminary thoughts on the 2024 presidential primary. This week the show is joined by Nate Fischer, CEO of New Founding, for a discussion on the most pressing issues facing the United […]
Electric car manufacturers in Europe are slowing down production because battery cars have proven too expensive for the middle class and the supply of lithium for their batteries is too uncertain. Production in Europe this year is expected to be 12 million cars—a million less than previous estimates. Tesla, for example, is cutting prices to boost […]
On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss recent events in Congress, California’s descent into chaos, this week’s crop of word salad, and Biden’s high-security garage. Links: Rep. Dan Bishop: “Today, we’re putting the deep state on notice. We are coming for you.” McKenna Column Gavin Newsome Free State? Spending […]
To Senator Manchin’s dismay, Biden’s Treasury Department is allowing the tax credit for electric vehicles to be claimed if the vehicle is leased regardless of where the battery components and vehicle were manufactured. The intent of the Inflation Reduction Act was for the tax credit to be applied to electric vehicles that were manufactured from components made […]
Switzerland may ban electric vehicles from being used except for “essential” purposes this winter as government officials plan for a possible energy crisis during the winter months. Swiss officials drafted emergency proposals that restrict power usage if electricity shortages occur this winter. They include fewer hours for shop owners, limited use of streaming services, lower temperature settings […]