Are EVs Accelerating The Adoption Of Clean Tech? With Andreas Wallendahl
Everything Electric Podcast
The Fully Charged Show
4.9 • 1.5K Ratings
🗓️ 9 May 2023
⏱️ 55 minutes
🧾️ Download transcript
Summary
Robert is joined this week by Andreas Wallendahl, co-founder and COO of Tenet (not the confusing film). Tenet is a company that finance the purchase of new or used EVs.
After coming to the US from the UK to study at MIT Andreas settled in New York. Inspired by advancements in battery technologies, he set up Tenet with Stanford alumni Alex Liegl in 2021 and they have made huge steps within the US EV sector, which includes making the most of US citizen's federal tax credits.
As a result, Tenet can cut hundreds of dollars of a typical price, with the option to buy or trade vehicles. The US may not quite be Norway just yet in terms of EVs on the roads, but Andreas believes companies like Tenet can really make a real difference in EV adoption and the numbers increasing, especially in more clean tech receptive states like New York and California.
Transcript
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| 0:00.0 | Hello and welcome to the fully charged podcast. Every now and then you meet someone on |
| 0:16.2 | and you do a podcast like this who you've really got no grasp of what sort of person they're |
| 0:22.7 | going to be and how the conversation is going to go. And when it goes really well, it's |
| 0:28.2 | just delightful. And this episode is a very good example. I'm this episode I talked to |
| 0:34.6 | Andreas Wallendal, who is one of the co-founders of Tenet Vehicle Financing in the United States. |
| 0:40.7 | He lives in New York. He was originally from the UK. He's lived there for many times. He's an |
| 0:45.8 | MIT alumni. So he went to MIT, which means you've got to face it. He's quite clever. I don't think |
| 0:56.5 | I'd have got into MIT when I left my grammar school under a cloud. So that's just to put that |
| 1:03.2 | in context. But when I first heard about vehicle financing and leasing and all those things, |
| 1:13.7 | it's a little bit of a dry topic. Believe me, this is not a dry topic. This is fascinating because |
| 1:19.3 | it's actually, as he explains beautifully, it's not only has the electric vehicle transition |
| 1:26.6 | and renewable energy opened up whole new fields of technology and technological development and |
| 1:32.6 | jobs, new jobs that didn't even exist 10 years ago, that has also happened in the world of finance. |
| 1:38.2 | So if you leave business school now and if you leave MIT places like that, |
| 1:44.2 | universities around the world and you have a much sought after skill set in terms of managing |
| 1:52.6 | big projects or running big companies or raising finance for the oil and gas industry, |
| 1:59.2 | that's where you went. You went into chemicals or oil and gas. That's where the big money was. |
| 2:04.6 | That's where the high paying jobs were. That has changed. Everyone who's leaving university now |
| 2:10.6 | wants to go into battery technology, into electric vehicles, into renewable technology, into the |
| 2:16.2 | donor economics, into circular economy, into recycling. Those are the really exciting new areas |
| 2:22.7 | that are happening around the world now. And finance, helping you buy an electric car for less money |
| 2:31.0 | is one of the things that's critically important and what tenants are doing is opening up that |
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