GM CEO Mary Barra has scaled back the company's US EV sales goal to one million by next year due to limited market demand and production delays. Cadillac's Lyriq EV is now its second-best seller, with more EV models launching soon, potentially making one-third of Cadillac sales electric by next year. Industry forecasts predict EVs will make up half of US new car sales by 2030, despite recent cyberattacks impacting dealerships. Lucid Motors updated its efficient Air sedan lineup, while Stellantis faces supplier disputes and launches eco-friendly oil. Chinese suppliers are investing heavily in Mexico to access the US market, and extended-range EVs are gaining traction as a practical transition technology.
Topics:gm ev sales goalscadillac lyric salesev market forecastsdealership cyberattack impactlucid air updatesstellantis supplier disputessustainable automotive productschinese suppliers in mexicoextended range ev technologyaudi a5 redesign
- GM Backs Off 1 Million EV Goal by 2025 - Lyriq Now #2 in Cadillac Sales - Forecasts BEVs to Hit 50% U.S. Sales by 2030 - Cyberattack Cost Dealers $1 Billion - Lucid Claims Most Efficient EV - Stellantis Sues Another Supplier - Stellantis To Sell Recycled Oil - TotalEnergies to Install 3,000 Chargers in UK - With New A5 Audi Has No Coupe or Convertible - Chinese Suppliers Race Into Mexico - Suddenly EREVs Make A Lot of Sense
"...s you know, Stillantis is coming out with the ram Charger EREV pickup that offers six hundred and ninety mi..."
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This is aut Aligned Daily, the show dedicated to enthusiasts of the global automotive industry. GM CEO Mary Barr is backing off the company's goal of selling a
million evs in the US by the end of next year. She says the
market demand just isn't there. Moreover, because GM has delayed several EV programs,
it won't even have the manufacturing capacity to make a million electrics by then.
Even so, Cadillac is making quiet progress with evs. The Lyric is
now the second best selling vehicle in Cadillac's lineup, only behind the Escalade, and accounted for seventeen point seven percent of Cadillac sales in the first half of the year. Cadillac will launch two more evs later this year, the Optic,
which will be priced below the Lyric, and the Escaladic or Escalaid IQ, which GM Motor Authority reports will start at one hundred and thirty thousand dollars, while the sport version will sell for over one hundred and fifty grand Auto Forecast Solution says that next May Cadillac will start building a longer version of the Escalatic called the Ikel or IQL, which we think will add another three to five thousand dollars to the price, and then next February, Cadillac will launch
the Vistic, a three row electric suv that will complement the lyric. Put
it all together, and we think it's possible that by the end of next year, one out of three Cadillacs sold will be electric. And it's only
a matter of time before Beev's surpass ice vehicles and sales in the US.
A report from the Boston Consulting Group via research company Recurrent, predicts that Bev's will account for half of all new car sales in the US by twenty thirty.
That kind of flies in the face of everything you hear about a slowdown in EV demand and political uncertainties, But the Boston Consulting Group believes that reduced battery costs, new products, and government support will continue to drive EV growth and it's not the only one. The International Energy Agency also says that Beev's
will hit fifty percent market share by the end of the decade, which is up by over thirteen percent from its previous forecast. Part of the revision is
due to EV sales topping one point one million units last year, and if EV's accounted for half of all new cars. At today's sales rate, about
eight million electrics would be sold in the US. Plug in hybrid vehicles,
on the other hand, are projected to reach about eight percent of sales by twenty thirty, which is about where EV's were in the second quarter of this year. Last month's cyber attack that hit car dealerships across the US put a
big dent in their profits. According to the Anderson Economic Group, dealerships lost
over fifty six thousand new car sales and more than a billion dollars. The
attack targeted CDK, which provides software for nearly fifteen thousand dealers. The software
is used for parts service, accounting, finance, insurance, and vehicle inventory, but dealers weren't able to use it for several weeks, which led to all the losses. AutoNation, one of the largest dealer groups in the country,
said that the attack likely lowered its earnings by about a dollar fifty a share. Lucid Motors says its Air Sedan is officially the most efficient EV available.
The pure version of the Air now achieves five miles per kilowat hour and an EPA rated one hundred and forty six MPGe. The model is equipped with
an eighty four kilowad hour battery pack that provides four hundred and twenty miles of range. Other updates include a new infotainment system that has triple the processing power
and twice the memory is the previous system, and all trims now come standard with a heat pump and Lucid's Advanced Driver Assistance System. Even with the upgrades,
the Air Pure still starts at the same price sixty nine nine hundred dollars in the US excluding destination charges. The Air Touring, which comes with all
wheel drive and has four hundred and six miles of range, now starts at seventy eighty nine hundred dollars, and the top of the line Air Grand Touring, with five hundred and twelve miles of range, starts at one hundred and ten thousand, nine hundred dollars, and all models are available to order now.
Keeping your heart racing in and out of the gym, that's what really matters. Bridge Don't pretends to sport as tires with a fifty thousand mile limited
warranty. Stilantis is once again suing one of its suppliers, Crane's Detroit Business
reports that the automaker filed the suit against Canadian suppliers Spectra Premium Mobility Services earlier this month over a pricing dispute. The supplier threatened to stop shipping fuel tanks
for the Chrysler Pacificum minivan, which could shut down production at Stalantis's Windsor assembly plant. Stillantis claims that the supplier is demanding a twelve and a half percent
price increase or it will withhold the parts. The automaker asked the court to
place a temporary restraining order on the supplier and force it to ship parts at the contracted price. However, a judge denied that request. We think Stillantis
has a real problem with its suppliers. Spectra is the force supplier the automaker
has sued over prices this year, and let's stay with Stillantis for a moment.
It has a brand we've reported on in the past called sustain Error Recycle, which sells remanufactured, repaired, reused, and recycled parts and components.
Well, now it's teaming up with Total Energies to launch what it calls a regenerated oil. Basically, it's waste oil that's been refined to restore quality and
performance. The ten W forty oil has a carbon footprint that's up to fifty
percent lower, and it comes in one liter or five liter bottles that are made from fifty percent recycled material and can be one hundred percent recycled quartz.
Ever, oil will first be available in Europe and is compatible with both gas and diesel engines. And speaking of total energies, it formed a new charging
joint venture called Source with UK power Company SSE. It plans to install up
to three thousand chargers with one hundred and fifty kilowatts of output over the next five years in Britain and Ireland, which would give it about twenty percent market share of the entire UK charging network. Audi no longer has a coup or
convertible in its lineup. It just launched the new A five without either of
those variants carrying on, and the A five was the last Audi to have models in those categories. The new A five sedan and wagon are longer and
wider than before, with massage styling and an upgraded electronic architecture. The interior
features a new push button gear selector and a large display that combines both the instrument cluster and infotainment screen. The passenger has the option for their own separate
screen as well. Both a gas and diesel two liter turbocharged engine are offered
with an available forty eight volt mild hybrid system that's been updated for the new model, or a three liter turbocharge V six can be had, which also offers forty eight volt tech. The new A five first launches in Europe this
November with a starting price around forty five thousand euros in Germany. China is
the biggest car market in the world, but the US is still the most profitable, and Chinese suppliers want to use Mexico to get around terar restrictions to get into the US. According to the Coalition for a Prosperous America, twenty
nine Chinese automotive suppliers have started investing seven billion dollars into Mexico to make parts there. Those suppliers will make aluminum castings, brake systems, interior and exterior
trim parts, thermal management components, intelligent driving systems, eight as and more.
The Chinese suppliers also have a considerable cost advantage up to thirty percent, and that will be mighty tempting to American automakers, which threatens the business of existing suppliers. Only two Chinese companies are profitable with evs, byd and Li
Auto, and the key reason to Lie Auto's success is that it mostly sells extended range evs or e revs. In fact, erevs are now the fastest
growing segment in the Chinese market, and that has got a number of other automakers studying the tech. As you know, Stillantis is coming out with the
ram Charger EREV pickup that offers six hundred and ninety miles of driving range and a fourteen thousand pounds towing capacity, and now Ford says it's going to adopt the technology too. And the beauty of eres is that they drive like pure
beeves but don't present any range anxiety because an internal combustion engine generates electricity to help keep the batteries charged. Moreover, that engine operates on a fairly light
load, so it can be made at a lower cost. Plus, erevs
don't eat transmissions or drive shafts, and they can use smaller batteries, so they offer considerable cost savings to manufactures. While they're not a perfect solution since
the onboard ic engine still puts out carbon dioxide. This is the kind of
electric that will likely satisfy a lot more consumers at this stage of the EV transition than a pure battery electric. By the way, if you like the
kind of content we present, please subscribe to our YouTube channel or you can subscribe to our email list on the Autoline website. And with that we come
to the end of today's report. Thanks for watching. Autoline Daily is brought
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