Pay-per-mile means you pay for how far you drive instead of a set amount. It's a way to charge drivers based on their actual usage, which can be especially important for electric cars.
Vehicle excise duty is a tax you pay for having a car on the road. The amount you pay can depend on how much pollution your car makes or how much it costs.
Volkswagen is a well-known car company from Germany that makes many different types of cars. They were very popular before electric cars became common.
A plug-in hybrid is a type of car that can run on electricity or gasoline. You can charge it like an electric car, but it also has a regular engine for longer trips.
A 900-volt system is a type of electrical setup in some electric cars that helps them charge faster and work better. It means the car can use more power efficiently.
The Porsche Cayenne Electric is a new electric version of Porsche's Cayenne SUV. It aims to provide a luxury driving experience while being environmentally friendly.
Car
X-Pung X-9
The X-Pung X-9 is a hybrid car that combines a traditional engine with an electric motor. It's designed to travel longer distances, making it suitable for families and daily commutes.
Euro-NCAP testing is a way to check how safe new cars are. They crash-test cars and look at their safety features to help people know which cars are safer to drive.
ADAS systems are special technologies in cars that help drivers by making driving safer and easier. They can do things like help keep the car in its lane or slow down if there's an obstacle ahead.
Vehicle-to-grid is a system where electric cars can send electricity back to the power grid. This helps manage energy use and supports renewable energy sources like solar and wind.
LIVE
The number one resolution for people last year was to save more money,
but nearly half gave up by February.
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That's 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 risk similar to those of stocks.
All ETFs are subject to risk, including the funds, the funds, and the funds.
All ETFs are subject to risk, including possible loss of principal, alps, distributors, ink distributor.
Let's do the 60-second savings challenge.
Step one, download rocket money.
Step two, link your accounts and see every subscription you're paying for.
Tap one you don't use and cancel it.
That's money back every month.
Step three, create a financial goal.
$50 every paycheck.
Or let the app automatically move small amounts of cash when you can afford it.
In a week, you'll forget you set it up.
In a month, you'll see real dollars piling up.
In a year, you'll be shocked at how much money you've saved.
Bonus challenge.
Upload an internet or phone bill and let rocket money try to lower it.
You only pay if they find you savings.
On average, rocket money members can save up to $740 a year when using all of the app's premium features.
Users love the app with over 186,000 five-star ratings.
Make saving money the resolution you actually keep.
Start the 60-second savings challenge at rocketmoney.com slash cancel.
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 risk similar to those of stocks.
All ETFs are subject to risk, including possible loss of principle.
Alps Distributors, Inc. Distributor.
It's EV news briefly for Thursday, November 27th.
Everything EV in less than five minutes.
If you haven't got time for the full podcast, let's get you up to speed.
Big news from the UK.
We will officially go pay-per-mile three pence for battery electrics,
1.5 pence for plug-in hybrids,
and that's on top of the recent £195 a year vehicle excise duty, we call it road tax,
and the £400 if EVs cost over £40,000 when new.
This new mileage fee even rises every year with CPI inflation
and the government's own Office of Budget Responsibility says
this could potentially stop 440,000 electric vehicles being sold in the UK.
Skoda doubles the EV share because of the L-Rock it was one in ten.
Now it's one in four cars being sold at Skoda.
Now have a plug socket on the side.
Congratulations, the 100,000th L-Rock just rolled off the Skoda production line
at Mlada Boleslav.
Tesla has opened up their new Mega Hub in California on the i5
and it is their largest ever supercharger.
168 stalls was the target.
They've now opened 164, missing it by a touch,
but still the largest they've got in the world.
Tesla shatters its annual sales record as well in Norway,
but it shatters Norway's sales record.
Tesla is now the top-selling car brand for any year ever on record
with three weeks left, four weeks left to go.
In the year, the company's already passed a milestone
that Volkswagen had set up in the pre-EV era.
Lotus is betting its comeback on plug-in hybrids.
The Elektra plug-in hybrid will be the first one coming in January next year
in China, 900-volt system, big battery, big fuel tank as well,
though Lotus are hoping they can dip into the Geely Empire
for some engineering there of the powertrain.
Porsche has opened up its U.S. orders for the Cayenne Electric
and say it's doing really well,
although they mean really well in the first four days
110,000 Cayenne Electric builds on the configurator.
That's not actually car sold, though, is it?
X-Pung is eyeing a long-range hybrid, the X-9 for Europe,
founder and CEO Herschel Pung telling Automotive News Europe
that the range extended X-9 could well go to Europe
as a way of softening the blow for those that still want to do the school run
but equally cross-continent trips on fuel.
UK motorways are getting 96 new rapid EV charges
before the end of next year.
GridServe and Extra are opening seven new super hubs,
the first of those this December in Beckinsfield Services.
The Euro-N-CAP testing is changing for 2026.
They're going to change how EVs are measured for ADAS systems,
that is driver assistance systems,
not just the fact that they've got them,
but how well these monitoring technologies maintain driver attention and engagement.
Systems that can change themselves if the drivers are monitoring and being aware
will rate higher on the Euro-N-CAP scale.
They will also start to give more points for basic controls
being done in EVs with buttons, could it mean?
Tesla losing their highly rated Euro-N-CAP rating
because the new scorecard will reward physical buttons for everyday jobs.
Norway's Vihanode will spend 3.2 billion US dollars on a new synthetic graphite plant.
They will build it in Ontario aimed at feeding North America's fast-growing EV battery industry.
They say that they'll have a Canadian $670 million loan from Ontario to back it.
In Japan, Mitsubishi and Kalusa are partnering for work on vehicle-to-grid trials,
and it's goodbye Bollinger Motors shutting the doors
and promising that they will back-pay the staff that are owned
owed the money as that company shuts down.
And that's briefly.
The number one resolution for people last year was to save more money,
but nearly half gave up by February.
Don't let that be you.
Download RocketMoney to reach your financial goals this year.
Track your spending, cut waste, and automate savings in one simple app.
RocketMoney shows you all your expenses and categorizes them
so you know exactly where your money is going and where you're overspending.
From there, the app cuts waste by canceling your unused subscriptions
and lowering your bills.
No customer service needed.
With that money freed up, the app will automatically set some cash aside for your goals,
whether it's an emergency fund, paying off debt, or saving for vacation.
RocketMoney's got you covered.
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 risk similar to those of stocks.
All ETFs are subject to risk,
including possible loss of principal alps, distributors, and distributors.
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.
Go to HarlemGlobetrotters.com for your tickets to the 100-Year Tour.
If you're the purchasing manager at a manufacturing plant,
you know having a trusted partner makes all the difference.
That's why hands-down you count on Grainger for auto-reordering.
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Call 1-800-GRAINGER.
Click Grainger.com or just stop by.
Grainger for the ones who get it done.
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 Motor Center on January 24th.
Go to HarlemGlobetrotters.com for your tickets to the 100-Year Tour.
About this episode
Recent developments in the EV sector are highlighted, including the UK's new pay-per-mile scheme for electric vehicles, which could impact sales significantly. Škoda reports a notable increase in EV sales, with one in four cars sold now being electric. Tesla opens its largest supercharger hub in California and sets a new sales record in Norway. Other topics include Lotus's focus on plug-in hybrids, Porsche's Cayenne Electric orders, and upcoming changes to Euro-NCAP testing for EVs. The episode wraps up with news on new charging infrastructure and partnerships in the EV space.
