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VW battery gigafactory, Bolt EV discounts, Toyota EV tax credit phaseout: The Week in Reverse

Which automaker beat Tesla up to now this 12 months in EV gross sales, in keeping with some studies this previous week?

Which firm confirmed that it has 1,000 battery swapping stations?

That is our look again on the Week In Reverse—proper right here at DriftBreath Experiences—for the week ending July 8, 2022.

This week, Toyota confirmed that it’s delivered the 200,000 qualifying automobiles that may set off a phaseout interval for the EV tax credit score for Toyota and Lexus. Which means the $7,500 tax credit score patrons can declare for fashions just like the BZ4X electrical automobile and RAV4 Prime plug-in hybrid will drop to $3,750 on October 1.

2022 Chevrolet Bolt EV

In a transfer that’s particularly uncommon within the auto trade—particularly in such a vendor’s market—GM has issued a retroactive low cost for Chevy Bolt EV and EUV fashions that have been purchased new in 2022. That features a few $6,000 low cost on the 2022 Bolt EV or EUV, an quantity that parallels the low cost given to the lineup for 2023.

Volkswagen on Thursday formally broke floor on its first EV battery cell “gigafactory”—one in all six such factories for Europe, with the potential for North American battery factories sooner or later.

Volkswagen Salzgitter EV cell factory groundbreaking

Volkswagen Salzgitter EV cell manufacturing unit groundbreaking

BYD is again within the high spot in EV gross sales, some enterprise publications reported earlier this week; however that’s solely true in the event you see plug-in hybrids as EVs. Apples-to-apples, Tesla’s nonetheless on high—though Volkswagen stays within the passing lane. 

Fisker has requested for an extra $5,000 from reservation-holders who need to lock in one of many 5,000 spots for the $68,999 Ocean One launch version—the primary fashions within the lineup on account of be made beginning this November. Amid some confusion over the extra funds, Fisker clarified to DriftBreath Experiences that it’s an precise down cost on the car—though the $37,499 Ocean Sport to comply with won’t be topic to the additional up entrance. 

2023 Fisker Ocean

2023 Fisker Ocean

As a part of its Energy Day, Nio revealed that it’s accomplished its 1,000th battery swapping station, and it confirmed that 500-kw DC fast-chargers will quickly be deployed for China and Europe. It additionally has plans for a mass-market model that may use Nio’s personal 800-volt battery packs. 

China’s GAC has revealed a “tremendous iron” LFP battery that provides a 20% enhance in vitality density by quantity versus current LFP cells. Might it assist the chemistry break by way of to new merchandise and markets?

Jaguar is planning to fully revamp its lineup with a trio of electrical luxurious crossovers on account of begin arriving in 2025, in keeping with a latest report citing trade intelligence. It’s a part of a shift that may make the model extra unique and upmarket. 

2022 Jaguar I-Pace

2022 Jaguar I-Tempo

Toyota and Panasonic are leaders in solid-state battery patents, discovered Nikkei this week. Though we warning that the tally of patents is not any indication they’re nearer in bringing the tech to manufacturing. If something, it’s a reminder that Toyota has been taking a look at solid-state tech for a very long time, for the reason that Nineties. 

In a brand new survey, Client Experiences discovered higher willpower from customers to make their subsequent car an EV. Though about the identical proportion of People have been EV-interested as two years in the past, 14% stated that they might “undoubtedly purchase or lease an EV in 2022—versus simply 4% in 2020. 

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning

A research from the telematics and fleet analytics firm Geotab checked out real-world knowledge from 91,000 fleet automobiles and located that 76% of vehicles may very well be changed by absolutely electrical pickups, whereas even given at present’s typically larger preliminary price, 45% may go electrical at an ownership-cost benefit. 

Are EV costs so excessive that they’re not sustainable for the market? Executives all through the trade have hinted that we’re going to hit some form of market correction quickly, however one took it a step additional, saying that if EVs don’t get cheaper “the market will collapse.”

Tesla Model S electric-car road trip, Route 66 Museum, Elk City, Oklahoma  [photo: David Noland]

Tesla Mannequin S electric-car street journey, Route 66 Museum, Elk Metropolis, Oklahoma [photo: David Noland]

And in keeping with an evaluation aggregating hundreds of thousands of used-car gross sales, the strongest progress of electrified automobiles has been in rural America, not within the city and suburban coastal areas seen as early adopter hubs.

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