A plug-in hybrid is a car that can run on electricity and gasoline. You can charge it at home, and it can switch to gas when the battery runs out, giving you more options for driving.
A combustion engine is what most cars use to run. It burns fuel to create power, which makes the car move. It's different from electric engines that run on batteries.
A range extender is a small engine that helps electric cars go further by generating electricity when the battery runs low. It’s like a backup power source for long trips.
Volkswagen is a big car company from Germany that makes many different types of cars. Right now, they are having trouble with their plans to cut jobs and keep up with the market.
Hyundai is a car company from South Korea that makes many different kinds of cars. They are working on new technology that lets electric cars help power homes or send energy back to the electricity grid.
Renault is a car company from France that makes various types of vehicles, including electric ones. They are working on technology that lets electric cars send energy back to the power grid.
Vehicle to grid is a system that lets electric cars send power back to the electricity grid. This helps manage energy use and can support renewable energy sources like solar and wind.
Tesla is a well-known car company from the United States that makes electric cars. They are famous for their advanced technology and have factories in different countries, including Germany.
Tax credits are benefits from the government that can help you save money when you buy something, like an electric car. They lower the amount of taxes you have to pay.
The KGM Torres EVX is a new electric SUV that will be available in Australia. It's part of the trend of more electric cars being made.
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Hear that? That's me with a lemonade in a rocker on my front porch.
How did I get here? I invested to make my dream home.
Get where you're going with MDY, the original mid-cap ETF from State Street Investment Management.
Getting there starts here.
Before investing, consider the fund's investment objectives, risks, charges and expenses.
Visit statestreet.com slash im for a prospectus containing this and other information. Read it carefully.
MDY is subject to risk similar to those of stocks. All ETFs are subject to risk including possible loss of principal, Alps Distributors, Inc. Distributor.
It's EV News briefly for Friday, November 28th. Getting you up to speed in less than five minutes if you haven't got time for the full show.
Germany is setting up a fight over 2035. Germany's Chancellor announced a plan to ask the European Union to formally roll back its aims to clean up the air by banning pure combustion cars.
Germany will now argue for allowing plug-in hybrids, combustion engine range extenders and more efficient conventional engines even after 2035.
They're potentially doing great damage to the improvement that's been done for the air quality for ours and future generations, our children as well.
And that does set Germany up as a head-to-head battle against other members in the block who are moving forward with clean air policies.
Volkswagen is struggling to hit their job cut target. Their main car brand is falling behind its own overhaul.
They wanted to reduce their job count, a goal of reducing 35,000 jobs in Germany by 2030. They should be losing about 4,000 a quarter.
According to the Financial Times have seen documents last month only 1,000 people left signed up to leave, really.
And the timing is awkward because Volkswagen is battling slim margins, a 5 billion euro hit from US tariffs, an intense competition from China.
The Ford Ranger is a plug-in hybrid and it's being updated with more tech inside, new trims and blue crews as well here in the UK.
France is keeping their EV purchase subsidiary called the Bonus Ecologique in place until the end of 2026.
It's not an exact amount. It's tied to the market price of energy savings certificates and so that price can move.
But for lower income households, getting around 5,700 euros off at the moment at least of a brand new EV.
Hyundai is expanding their vehicle to grid and vehicle to home services in Korea, Europe and the United States
with two projects in Korea and Europe set to be onboarding those customers by the end of this year.
And Renault is launching vehicle to grid for Dutch EV drivers in the first half of 2026.
But before the end of this year, again the pilot will be up and running with Renault vehicles fitted with special vehicle to grid ready onboard AC chargers.
Tesla's Gigaburlin, the manager there, the Berlin plant manager Andre Teary telling German news agency, TPA,
the factory has been running two shifts since September. To keep up with extra demand, they now export to 30 markets including
Tesla's made in Germany now go to Canada because of tariffs.
Tesla's sales slump though is causing some investor headaches of how to classify Tesla these days.
The decade long growth story of being an automaker is being eroded month by month.
They're down in China, down in Europe to the year.
And after having a good September because of the exploration of the tax credits in the US,
October was down even more and they should be down 7% for car deliveries globally this year.
But as their chief executives pay package is reliant on a relatively small number of vehicles sold,
actually less than the annual number they were selling in 2024 with bigger targets for his trillion dollars based around robotics and AI.
Investors scratching their head do we even think of Tesla as a car company these days they're asking.
A huge new battery plant is rising next to Nissan's Sunderland factory, the global cell maker AESC,
switching on 15.8 gigawatt hours of capacity in this country.
Fiat is cutting its entry price of the panda to 21,000 pounds.
The KGM Torres EVX is a mid-sized SUV heading to Australia and if you ever wonder what Vladimir Putin thinks of EVs,
he says the Chinese ones are great and much better than the European ones.
So now you know.
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With that money freed up, the app will automatically set some cash aside for your goals.
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Users love the app with over 186,000 five-star ratings.
And on average, users can save up to $740 a year when using all of the app's premium features.
Make saving money a priority this year.
Go to rocketmoney.com slash cancel to get started.
That's rocketmoney.com slash cancel.
Rocketmoney.com slash cancel.
Hear that?
That's me with a lemonade in a rocker on my front porch.
How did I get here?
I invested to make my dream home.
Home.
Get where you're going with MDY, the original mid-cap ETF from State Street Investment Management.
Getting there starts here.
Before investing, consider the fund's investment objectives, risks, charges, and expenses.
Visit statestreet.com slash im for a prospectus containing this and other information.
Read it carefully.
MDY is subject to risks similar to those of stocks.
All ETFs are subject to risk, including possible loss of principal, Alps, Distributors, Inc. distributor.
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This isn't just a game. It's a once-in-a-generation event.
The Harlem Globetrotters 100-Year Tour.
Celebrate 100 years of high-flying dunks.
100 years of showstopping moves.
And 100 years of changing the game.
Bring the whole family and be part of the legacy.
This game is once-in-a-century.
Be there at MotorCenter on January 24th.
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About this episode
Germany is pushing back against the EU's 2035 ban on combustion cars, advocating for plug-in hybrids and more efficient engines, which could hinder air quality improvements. Volkswagen struggles with job cuts amid financial challenges, while Ford updates the Ranger with new tech. Hyundai expands its vehicle-to-grid services, and Tesla faces declining sales and investor concerns about its future as a car manufacturer. The episode also touches on Nissan's new battery plant and Fiat's price adjustments for the Panda.
