Electric vehicle sales are slowing globally, with Germany experiencing a 69% drop in August due to phased-out incentives. Meanwhile, plug-in hybrid demand rises, highlighted by GAC's new fast-charging PHEV capable of 80% charge in eight minutes. In the US, public charging infrastructure remains insufficient, impacting EV adoption. Kia is delaying EV9 production to maximize tax credits. European automakers face potential €15 billion fines for missing CO2 targets amid sluggish EV sales, prompting calls for regulatory flexibility. Hybrid sales boost demand for platinum and palladium. Dodge is testing powerful axial flux electric motors in racing, signaling innovation in EV tech.
Topics:ev sales declineplug-in hybrid demandfast charging technologypublic charging infrastructureev tax creditseuropean co2 fineshybrid vehicle marketplatinum and palladium demandaxial flux electric motorsautomotive regulations
- GAC Develops Fast Charging PHEV - Car Buyers Less Likely to Purchase an EV - U.S. Faces EV Charger Shortage - Kia Delays EV9 Ramp-Up in The U.S. - German EV Sales Plunge 69% In August - EU Automakers Face €15 Billion In CO2 Fines - Italy Wants to Soften EU EV Sales Goals - Hybrids Boost Platinum Demand - Dodge Tests Axial Flux Motors in Racing
"...ut for years. It's entering a car inspired by the Hornet into the Nitro Cross series that generates over a..."
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Speaker 1: This is Ouderline Daily, the show dedicated to enthusiasts of the global automotive industry. As we talk about all the time,
electric vehicle sales are just not growing like they used to, which is having ripple effects across the industry. While a
lot of the news is negative, one of the benefactors has been plug in hybrids. Demand is up and they
can be a nice bridge vehicle for anyone that's worried about going fully electric. But one complain I still hear
sometimes is that PEA has charged slow. And that's true
compared to be evs, which are capable of charging over seven times faster in some cases. So that means despite
having a significantly smaller battery than an EV, a plug in might still take about the same time to charge, or maybe even more. But China is starting to lead
the charge for faster charging. PA Haves trump Chie, a
brand owned by GAC, announced that it will launch a plug in by the va end of this year that can charge its battery to eighty percent in just eight minutes.
It says it will be the world's first p have with four C charging technology, which refers to the rate at which it can charge and you know we briefly mentioned people that are worried about going fully electric. Well,
it turns out there's more of them than there used to be. According to the EY Mobility Consumer Index, which
surveyed fifteen hundred Americans, thirty four percent planned on getting an EV with their next new vehicle purchase, but that's down from forty eight percent or fourteen percent drop in one year. While they're less concerned about range than before,
battery replacement costs and a lack of public charging are still issues for potential buyers. The installation rate of public
chargers is going up, but almost every state in the US doesn't have enough public charging to support the evs currently on their roads. According to a report by HERE
Technologies and SBD Automotive, the optimal ratio of EV's to public chargers on average is nine to ten per state.
We're talking level two chargers and higher, but only three states Vermont, Massachusetts and Rhode Island and the District of Columbia have hit that ratio. As more public chargers come online,
states like Connecticut, Maine, and Wyoming will be the next across that ratio, While Oklahoma, Hawaii, and New Jersey are the furthest away. Kia is purposely holding back the EV
nine in the US, but this has nothing to do with software or slow down in EV demand. It says
it's going to wait until next year to scale up production at the Hondai Group's new plant in Georgia so it can qualify for the full EV tax credit. It
could start production now and only get half of the credit or three thousand, seven hundred and fifty dollars, like Hyundai is doing with the Ionic five, But by waiting till next year, Kia will get locally sourced batteries from a partnership with LG, which will allow it to qualify for the full seventy five hundred dollars credit at purchase.
Even so, that hasn't hurt EV nine sales too much in the US. So far this year, Kia has sold
nearly fourteen thousand examples, and it was part of the reason it had its best month of sales ever.
Speaker 2: Electric vehicle comedy.
Speaker 3: Forget the political noise. Evs mean good American jobs. Tens
of thousands of manufacturing jobs right here right now in Michigan and more on the way with billions in new investments.
We want those jobs.
Speaker 1: In China.
Speaker 3: Instead, we don't. We're the American EV Jobs Alliance. We
say electric vehicles are a big part of the future and we want those jobs in America. So remember when
politicians bash EV America loses paid for by the American EV Jobs Alliance.
Speaker 1: Germany saw a big drop off in EV sales once again last month. According to Germany's Federal Motor Transport Authority,
just over twenty seven thousand evs were registered in August, down sixty nine percent from a year ago, and that decrease follows a thirty seven percent slide in EV sales in July. A lot of it has to do with
the German government phasing out purchase incentives for evs at the beginning of the year, and it's part of the reason it's thinking of bringing them back. Overall, car sales
were down about twenty eight percent last month in Germany.
But it's not just Germany that's struggling to sell eves.
Sales are slowing throughout Europe, and because of that, RENO CEO Luca DeMeo says that automakers could face fines of fifteen billion euros or seventeen billion dollars next year for not meeting CO two targets. In twenty twenty five, the
average emissions of new vehicles is ninety four grams per kilometer, down from one hundred and sixteen this year. If automakers
go over that limit, they face fines of ninety five euros for every grand over the target, multiplied by every vehicle sold. So you can see how it can ramp
up quickly. And Demeyo says EV sales right now are
about half of what automakers need to avoid being fined.
Demeyo is also president of the European Automobile Manufacturers Association, a group that represents most automakers in Europe, so that's why he's concerned about other companies being fined and why he wants more flexibility from regulators. And Demeyo has support
from at least one country to soften Europe's EV sales goals.
The EU is planning to ban the sales of ice vehicles in twenty thirty five. Regulators are expected to review
that plan in twenty twenty six, but the Italian government is calling for the review to be held next year because it wants the ban change due to the slowdown in EV sales Italy says it's not against evs, but wants to change the plan so countries can choose which technology they prefer to meet emission targets and have a more gradual phase out of ice vehicles. And while sales
of evs have slowed, hybrid sales are surging and because of that, demand for platinum and palladium, which are used in catalytic converters, is expected to grow in the coming years.
When EV sales started to take off a couple of years ago, producers of the metals expected a big drop off in demand, but now that EV sales have weakened and hybrid sales are growing, demand for platinum and palladium is rising. Last year, IC and hybrid sales were up
nine percent globally, which added six hundred thousand ounces in demand for platinum and palladium. And while demand for those
metals is expected to decline line in the long term, analysts say hybrids could help sustain their market through the end of the decade. Dodges testing electric motor technology and
racing that we've been hearing and talking about for years.
It's entering a car inspired by the Hornet into the Nitro Cross series that generates over a thousand horse power from four axial flex motors. We have a couple of
videos about axial flex motors if you'd like to learn more, But basically, they're smaller, easier to make, and put out the same or more power than typical electric motors. The
Hornet race car will do zero to sixty in a brain warping one point four seconds and pull nearly two g's while doing it. We know suppliers like Zeof are
working on axial flex motors, and Mercedes has talked about testing them for years, but it's nice to finally see someone actually use them. But that brings us to the
end of today show. Thanks for making autoline a part
of your day.
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