11 May 2024 | Briefly
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 11 May 2024
⏱️ 4 minutes
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Transcript
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| 0:00.0 | It's EV News briefly. |
| 0:01.5 | Everything you need to know about EVs in less than five minutes. |
| 0:03.6 | If you haven't got time for today's full podcast, Patreon supporters, get these shows ad-free. |
| 0:08.0 | Be like them by clicking on a link in the show notes. |
| 0:11.0 | Despite laying off nearly the entire 500-member Supercharger team last week, the CEO of Tesla, |
| 0:16.5 | Elon Musk, taking to Twitter to say that Tesla will spend over $500 million on expanding the |
| 0:22.6 | supercharging network to create thousands of new charges this year, critics saying that's |
| 0:28.3 | nice for you. You don't have anybody to actually roll those out, though. The announcement coming |
| 0:32.9 | amid concerns raised by shareholders and drivers of the vehicles following sudden layoffs of one of the |
| 0:39.6 | most highly regarded bits of the business, the supercharging team. |
| 0:44.0 | They could also jeopardize the electrification plan in the United States with Tesla securing |
| 0:51.0 | awards from the Nevi funding, the NEI program allocating $5 billion over five years |
| 0:57.8 | to the states to build EV charges. Sixty-nine of the 500 sites announced went to Tesla, |
| 1:04.7 | question marks over whether those will move ahead. Rivian's Q1 earnings. Some takeaways from the first quarter at Rivian. They reported a |
| 1:14.8 | net loss of $1.45 billion, but still have plenty of cash in the bank. They're losing about $39,000 |
| 1:20.6 | per vehicle sold, but they are optimistic. The runway points towards breaking even by the end |
| 1:26.6 | of the year. And of course, the R2, the more mainstream, high-volume vehicle coming in 2026. |
| 1:36.3 | The Chevrolet Equinox has its EPA ratings now, 319 miles on the front-wheel drive. |
| 1:43.8 | First two versions on sale for that is the front-wheel-drive version, the all-wheel-drive version, 319 miles, that's 513 kilometres for the single-motor version. The 1-L-T version has an MSRP of $33,000, but there's destination charge, but also a tax credit to take off of that. |
| 2:03.5 | Effectively, it's a $27, $28,000 vehicle at MSRP, which makes it very attractive in terms of |
| 2:10.7 | how much you're spending to get that amount of range. |
| 2:14.0 | Neo just made their 500,000th vehicle. |
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