TWC Podcast #143: The Shine is Gone?
By Phil Royle — Nov. 2, 2023
Is the shine gone from EVs? From Ford and Chevy cutting EV truck production, to Tesla’s disappointing third quarter profits and tempering Cybertruck expectations, Hertz suffering from its electric investment, and more, there’s been a lot of news over the last two weeks that show that EVs aren’t all puppy dogs and rainbows. Is this the beginning of the end for electrification or just an inevitable speed bump as the world charges into the future? We dig in.
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SHOW NOTES
UAW reaches an agreement with Big 3: https://www.cnbc.com/2023/10/30/gm-uaw-tentative-agreement-labor-strike.html
Swedish labor union IF Metall attempts to organize a walkout of Tesla workers: https://www.teslarati.com/tesla-union-strike-fails-sweden-workers-refuse-walkout/
Toyota says it’s increasing its non-union pay: https://www.msn.com/en-us/money/companies/toyota-raised-wages-immediately-after-uaw-deals/ar-AA1jaDrx
Toyota unveils EVs at Japan auto show:
https://autos.yahoo.com/toyota-unveiled-small-electric-pickup-195639375.html
https://www.theverge.com/2023/10/23/23928817/toyota-land-cruiser-se-ev-epu-electric-suv-truck-concept
https://www.caranddriver.com/news/a45632735/toyota-ft-se-electric-sports-car-concept-revealed/
Akio Toyoda says "told you so" to industry: https://fortune.com/2023/10/25/toyota-chairman-akio-toyoda-electric-vehicles-ev-ford-gm-tesla-earnings-elon-musk/
Elon Musk tempere expectations of the Cybertruck: https://www.teslarati.com/tesla-shareholders-cybertruck-delivery-event/
Toyota adopts NACS: https://pressroom.toyota.com/toyota-adopts-the-north-american-charging-standard-to-expand-customer-charging-options/
GM and Honda part ways on affordable EV partnership: https://www.greencarreports.com/news/1141238_gm-and-honda-abort-plans-to-make-millions-of-evs-together
Dodge Charger to be electric and have gas version: https://www.thedrive.com/news/confirmed-next-gen-dodge-charger-will-keep-gas-engine
Hertz profits hurt by EV fleet: https://www.theverge.com/2023/10/27/23934691/hertz-tesla-uber-ev-plans-damage-repair-price-cuts
BP places $100 million order with Tesla for white-label Superchargers: https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-boosts-ev-charging-network-with-100-million-dollar-order-of-tesla-ultra-fast-chargers.html
Peak oil (and coal and gas) predicted for 2030: https://fortune.com/2023/10/24/global-oil-demand-peak-2030-iea-predicts-first-time/
Exxon Mobil and Chevron make big investments in oil: https://www.cnbc.com/2023/10/25/why-exxon-chevron-are-doubling-down-on-fossil-fuel-energy.html
This week’s hosts: Phil Royle and Edward A. Sanchez
Episode cover by Georgia de Lotz
Music courtesy Twisterium at Pixabay
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