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Auto execs are coming clean: EVs aren't working

TOKYO — Japan’s Panasonic Holdings said on Friday that its EV battery arm will likely miss its initial profitability target due to a worse-than-expected slowdown in the North American market for electric vehicles. “There was an unexpected steep decline in demand for the product that we make in Japan and ship to our strategic partner,” President and CEO Yuki Kusumi said, using a phrase widely understood to refer to Panasonic’s biggest customer for EV batteries, American EV maker Tesla.

https://citizenwatchreport.com/pana...target-due-to-north-american-market-slowdown/
 
Storing unused battery is bad.
It might go combustion anytime.

Also EV car don't allow you to self rewiring. No modification is allowed inside the cabin too. Battery is not stable, mileage has it's issue,charging has it's issue too.
 
..meawhile SG still ramping up installation of Charging Stations at hdb open air carparks.
 

If you can't beat them: Toyota to use BYD's plug-in hybrid tech for new models coming in the next three years - report - Car News​

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Toyota is taking its next steps towards electrification with plans to introducing more plug-in hybrids to build on its long-running back-catalogue of hybrids.
Toyota appears to be copying the homework of its Chinese joint venture partner BYD and will use the brand’s established plug-in hybrid (PHEV) technology for its future models according to insider reports on the ground.
Chinese outlet Caijing quotes an insider who said Toyota is set to launch two or three new plug-in hybrid cars over the next couple of years in China, using the technology developed by BYD for its DM-i PHEVs.
Read More About BYD
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Toyota and BYD do have a 50/50 joint venture in China as of late last year, these models won’t be simply Toyota bodies on BYD platforms, or badge-engineered versions of existing cars.
"What is certain is that even if BYD's DM-i technology is adopted, Toyota will definitely carry out new polishing and tuning, and the driving experience of the final model will still be different," Caijing reports an insider as having revealed.
Toyota already has plug-in hybrid elsewhere in the world. A PHEV version of the second-gen C-HR small SUV is available in Europe and the RAV4 has a ‘Prime’ PHEV variant in North America. Not to mention Japanese market cars like the Prius and Crown PHEVs - but Toyota’s plug-ins are nowhere near as ubiquitous as the brand’s traditional hybrids.
The Prius is available as a PHEV overseas
For reference, Toyota has built up such a strong hybrid presence over the last couple of decades that if Toyota’s hybrid models split off to form their own brand, it would still be one of the world’s largest car brands.
Toyota sold 72,084 hybrid vehicles in Australia in 2023, almost as many cars as Hyundai or Kia sold overall. Kia sold 76,120 and Hyundai sold 75,183 cars, putting them in fourth and fifth place on the 2023 sales ladder respectively.
So while Toyota has been able to make hybrids accessible and convenient, the extra complexities of PHEVs seem to have been a barrier to the brand being willing to offer them unless a less cost restrictive way was found.
Enter the resources and development of BYD.
Toyota has already built a car with with BYD, the China-only bZ3 is a sedan style electric car which is built on Toyota’s e-TNGA platform and uses BYD’s ‘blade’ battery technology. It's unclear if future developments will follow a similar split for platform and drivetrain tech.
Toyota is set to host a conference call for investors to discuss its FY2024 financial results (Japan’s financial years run from April 1 to March 31 and are named for the calendar year in which they end), and it’s expected the brand will outline further details of its plans then.
Don’t expect a couple of plug-in models using BYD’s tech to be its only avenue for development, though it’s unclear if the models that are to use that PHEV tech will be for the global market or China only.
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Chris Thompson
Journalist
Racing video games, car-spotting on road trips, and helping wash the family VL Calais Turbo as a kid were all early indicators that an interest in cars would stay present in Chris’ life, but loading up his 1990 VW Golf GTI Mk2 and moving from hometown Brisbane to work in automotive publishing in Melbourne ensured cars would be a constant. With a few years as MOTOR Magazine’s first digital journalist under his belt, followed by a stint as a staff journalist for Wheels Magazine, Chris’ career already speaks to a passion for anything with four wheels, especially the 1989 Mazda MX-5 he currently owns. From spending entire weeks dissecting the dynamic abilities of sports cars to weighing up the practical options for car buyers from all walks of life, Chris’ love for writing and talking about cars means if you’ve got a motoring question, he can give you an answer.
 
Japanese car makers announce petrol engine pact
Three of Japan's car companies have confirmed they are continuing to develop combustion engines, despite a wider industry move towards electric vehicles.

Ben Zachariah
16
Japanese car makers announce petrol engine pact
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Toyota, Mazda, and Subaru have joined forces to develop a new generation of internal-combustion engines – utilising alternative fuels and hybrid technology in the pursuit of decarbonisation.

In a joint media conference this week, the CEOs of Toyota, Mazda, and Subaru stood side-by-side as they showcased smaller, more efficient engines designed to run on synthetic fuels, biofuels, and liquid hydrogen, with hybrid systems to improve efficiency and performance.

The announcement contrasts with much of the automotive industry, with several car companies previously confirming they would no longer be investing in the development of petrol and diesel combustion engines – with that investment instead being redirected towards future electric platforms.
 
When the execs are in chorus saying don't buy EVs, then it's time to buy EVs!
 
Toyota, Subaru, and Mazda Just Sent a Massive Warning to Tesla, Rivian, and Nio Investors | The Motley Fool
By Billy Duberstein – Jun 1, 2024 at 4:33AM
Key Points
Three Japanese automakers just introduced a new combustion engine.
The new engine can burn low or no-carbon alternative fuels.
Are battered EV stocks in further trouble?
Toyota and other Japanese automakers are developing new low or no-carbon combustion engines in a warning to pure-play battery EV-makers.

Some investors perceive the electric vehicle revolution as an inevitability and believe that internal combustion engines will eventually go the way of the Dodo bird. That's why many EV stocks trade at higher valuations than traditional carmakers.

But what if they're wrong?

After several years of torrid growth, the electric vehicle industry saw a big slowdown over the past year, prompting questions about whether EVs can really catch on beyond their early adopters.

To make matters worse, Japanese auto companies Toyota (TM -0.84%), Subaru (FUJHY -1.51%), and Mazda (MZDA.Y 0.40%) made an announcement last week that could make EV-makers' tough year that much more difficult.

A new kind of combustion engine
On Tuesday, May 28, Toyota, Subaru, and Mazda announced a lineup of innovative new combustion engines that can be used either in a stand-alone or hybrid form in conjunction with a battery.

The new engines will be combustion engines but also compatible with alternative fuels such as e-fuel (synthetic fuel), biofuels, and liquid hydrogen. Liquid hydrogen, provided the hydrogen is made from electrolysis, emits zero carbon dioxide (CO2). And while both e-fuel and biofuels do emit some carbon dioxide, they're considered "carbon neutral." This is because e-fuels are made from captured CO2 from the atmosphere, which is then combined with hydrogen to produce synthetic fuel. Meanwhile, the justification for biofuels is that the plant biomass grown to make biofuels takes CO2 out of the atmosphere during photosynthesis. That may be a bit of a stretch, as all plants use photosynthesis, so at least for biofuels, there would have to be enough new plants put in the ground to offset the biofuel combustion.

Still, a future hybrid vehicle that combines a battery with one of these no-carbon or "carbon-neutral" fuels could be a killer for mainstream EV adoption.

After all, the recent year has exposed some glaring holes in the "EV revolution" thesis. For one, EVs, in general, tend to cost more than internal combustion vehicles or hybrids, scaring off budget-constrained consumers amid higher interest rates. Second, there have been fears that the widespread adoption of EVs, combined with AI data centers, could strain the electric grid to an unsustainable degree. Furthermore, if the electricity used to charge up EVs comes from either a coal or natural gas-fired power plant, that EV really isn't doing anything positive for CO2 emissions anyway.

Finally, many consumers have "range anxiety," as they worry about an EV running out of charge without having an accessible working charger close by. Compounding this is today's public charging stations, which have proven disappointingly unreliable. A 2022 study showed that about 23% of public "fast chargers" in San Francisco didn't work. And fully charging an electric vehicle takes at least two hours today, even for the fastest-charging, smallest-battery EVs.

Woman looks at phone while waiting for EV to charge.
Image source: Getty Images.

Toyota has been ahead of the game
Years ago, Toyota's former CEO, Akio Toyoda, rejected the assertion that EVs would quickly overtake ICE vehicles, citing many of the affordability and lifestyle issues we're seeing now. Instead, he pushed Toyota to take a diversified approach, which seems to have been vindicated.

Last quarter, Toyota posted an impressive 21.4% revenue growth on the back of a shocking 138.6% growth in Prius hybrid sales. In another shocking data point, hybrid vehicle registrations outpaced electric vehicle registrations in Europe in February, reversing a long trend in one of the most EV-friendly places on earth. Meanwhile, Tesla (TSLA -0.86%), the most mature EV brand, saw a 13% decline in vehicle sales in the first quarter.

The surge in hybrid sales shows the consumer does want a low-carbon and fuel-efficient vehicle, but might not be ready to make the leap to a full battery-powered EV just yet. This is especially true for one-car households that need a vehicle for both short and long drives.

Today's hybrids do burn fossil fuels, even if they are more efficient. But with Japanese automakers innovating around new combustion engines that can use low or carbon-neutral fuels in combination with a battery, the competitive pressure on pure-play EV players like Tesla, Rivian (RIVN -1.58%), or Chinese players like Nio (NIO -2.43%) could become intense.

Winners and losers
It's pretty obvious who the losers would be if these new engines take off: those vehicle brands that have gone all-in on electric vehicles without any backup plan. And the largest and most expensive EV stock is Tesla. Of course, Tesla has the engineering talent to develop a hybrid vehicle if it chooses to, but given that it has resisted up until this point, it's an open question as to whether the company would adapt.

The winners? Not only Toyota and the other companies listed here, but also companies exposed to the burgeoning hydrogen ecosystem. These include hydrogen pure play Plug Power, as well as hydrogen production and transportation equipment provider Chart Industries, among others.

So for those looking to invest in the next generation of automotive stocks, it will be critically important to stay on top of these new alternative fuel combustion engines, and how the battery EV industry adapts -- or doesn't.

Billy Duberstein and/or his clients have positions in Chart Industries. The Motley Fool has positions in and recommends Chart Industries, Nio, and Tesla. The Motley Fool has a disclosure policy.
 
CNBC: Many early-adopting EV owners around the world want to gas up again
https://www.cnbc.com/2024/07/25/ev-owners-want-to-buy-gas-cars-again.html

Nearly 30% of electric vehicle owners globally are likely to switch back to internal combustion engine cars, according to a recent McKinsey global consumer survey, with U.S. EV owners even more likely to switch back to ICEs.


China vs World in taking different solutions, technology.

Thats will be a real decoupling. China EV cannot sell to world and world dont have good EVs to sell China
 
Key word is "innovating" that means still in early stage feasibility study, R&D.....it will take years for stable automotive technology that use carbon neutral fuel to be in mass production! In other words all "hot air"

while chinese RV are reaching range of 700-1000km with catl batteries





But with Japanese automakers innovating around new combustion engines that can use low or carbon-neutral fuels in combination with a battery,
 
No demand for EVs? That's not what the stats say....

 
China is unique as most use EV's in cities but take the train for long distance travel.
in the US, tesla owners maintain the brand when buying a new car. They are not going to ICE.
 
ICE is old technology. Why would u go back nokia symbian after you use smart phone?
 
Fact is, china is now the largest consumer nation . They will dictate future motor vehicle direction and currently it's EV.
 
Fact is, china is now the largest consumer nation . They will dictate future motor vehicle direction and currently it's EV.
Agree. But on a personal basis, I'd still stick with ICE until production of solid state EVs matures. EV fires are notoriously difficult to put out, and usually result in lost lives compared with ICE fires.

https://www.straitstimes.com/singapore/car-catches-fire-at-changi-airport-no-injuries-reported

Car catches fire at Changi Airport; no injuries reported​


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A car caught fire at Changi Airport Terminal 3 Departure Drive on Sept 18
 
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