Seen by some as a moral imperative, electrification is swiftly changing the dynamics of the automotive industry. While automakers spend billions of dollars developing EVs and securing the necessary partners, many are becoming dependent on a handful of companies in Asia for the all-important battery cells needed to power the damn things. It’s gotten so serious that the U.S. government has taken an interest following a December 2019 report from the Institute for Defense Analyses that claimed battery manufacturers had taken on an “outsized importance” in the automotive sector.

It also said the United States would be at a distinct disadvantage if there are supply shortages — which is something that has already happened and is presumed to worsen as more electric vehicles flood into the market over the next few years. The automotive industry is pushing hard into electrification as governments around the world attempt to plot out an elaborate plan to supplant the internal combustion vehicle with EVs. But there are concerns that this has stacked the deck for a small number of suppliers from China, South Korea, and Japan.

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With the Hummer EV Edition 1 selling out over what would constitute an extended lunch break, General Motors is clearly aware it has a hot commodity on its hands. While that may not continue into subsequent model years, the electrified monstrosity is seeing demand comparable to what we witnessed with Dodge’s Demon and GM has a similar solution in mind.

Rather than allowing dealers to see what they can get away with on the standard Hummer pickup when it goes on sale next year, GMC will be implementing a strict no-haggling policy. That’s undoubtedly going to be a blow to dealers thinking they could clean up on markups and a blessing to customers who don’t want to spend a few extra grand on their already expensive midlife crisis.

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Tesla continued to prove itself as the electric automaker par excellence by posting its fifth profitable quarter in a row on Wednesday. The California-based (for now) automaker reported a net income of $331 million and a 39 percent improvement in revenue to $8.8 billion.

Of course, a huge amount of that money came via regulatory credits Tesla sold to its rivals. By nature of being an EV manufacturer, the company was able to sell $397 million in environmental absolution while helping its own bottom line. Though third-quarter deliveries were quite strong as automotive revenue jumped 42 percent to $7.6 billion.

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Making good on its promise that the future will be electric, Volvo has readied the XC40 Recharge P8 compact crossover for a spring debut. Though it doesn’t seem to have secured an idyllic price tag. The electrified XC40 starts at $54,985, including a $995 destination fee, which makes it around $20,000 dearer than the gasoline model. That’s a lot of dough for such a small vehicle, even after federal (and potentially state) tax incentives shave a few thousand off the top. Surely customers will be getting a top-shelf automobile on par with the Tesla Model 3 Performance, if not better, to help that MSRP make some sense. But the math just isn’t working out in Volvo’s favor based on the specs given. Model 3 destroys it in every metric that isn’t headroom because it is not a crossover.

While the XC40 Recharge comes in below its larger European counterparts on price, and often by a fairly narrow margin, its maximum range is an EPA-estimated 208 miles. That places it within striking distance of the bigger electrics manufactured by Audi or Jaguar. But Tesla will happily sell customers a Model Y boasting 326 miles of range for about $10,000 less than the XC40. The only downside is that the American brand’s sales success has already exhausted its allotted federal tax credits, meaning you’ll get more money from the government if you buy something Swedish-Chinese.

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Remember Fisker, which eventually became Karma? Well, the company is still kickin’, and a document made its way to a forum run by our parent company that suggests the company has several vehicles planned for over the next few years. Including, possibly, a pickup truck.

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According to the very people trying to sell them, electric vehicles are slated to become the hottest commodity on the automotive market since the Ford Pinto, Pontiac Fiero, or Ferrari 458 Italia. But, following a swath of highly publicized fires, there’s been this creeping narrative that there may be some unaddressed safety concerns pertaining to EVs. Numerous video clips of vehicles spontaneously combusting in Asia and local media reports of phantom garage fires in North America have helped feed the story, with regulators now taking accusations of battery flambé extremely seriously.

Case in point is the National Highway Traffic Safety Administration’s new investigation into the Chevrolet Bolt. The agency’s Office of Defects Investigation received just two complaints regarding 2018 and 2019 Bolts that were alleged to have caught fire in a similar manner. But lids were flipped when the NHTSA realized it had seen a 2017 model with a similar burn pattern working its way up through the rear seat. The group is now launching a preliminary evaluation to decide whether these were freak accidents or if the Chevy Bolt actually has a tendency to catch fire while nobody is around.

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With Porsche having secured itself an all-electric vehicle, the laws of trickle-down manufacturing dictate that Audi is the next on Volkswagen Group’s docket for performance-focused electrification. Using the J1 performance platform that underpins Porsche’s Taycan, the Ingolstadt-based automaker has reported that its own E-Tron GT is nearing completion — assuring us that it’ll will meet the bar in terms of “quality and progressiveness” in a handful of announcements on Thursday.

Probably the most important of these was that Audi would be ready to commence production at the end of this year at Böllinger Höfe, near Neckarsulm, alongside the R8. However the company leaked a few additional details, including that the E-Tron (which the brand stylizes in all lower-case letters, bleh) will come in an RS variant. (Read More…)

Mercedes-Benz looks poised to retreat from high-volume compacts. During an online corporate strategy meeting held on Tuesday, Daimler CEO Ola Källenius indicated that the luxury subsidiary may have overextended itself.

“Maybe we went at a bit too far to cover each and every space into each and every segment. Compact particularly comes to mind,” he explained. “This is not where the main thrust should go, we should not become a competitor of the volume makers.”

But the company only has itself to blame for that. Around a quarter of the brand’s annual sales come from compact vehicles and they’ve been taking up a larger share of its product portfolio. Källenius seems to think Mercedes has done enough to broaden its appeal and need to refocus on higher-end vehicles with better margins. “Our [current] strategy is designed to avoid non-core activities,” he said, adding that funds will be prioritized for more profitable products.

“We’re not chasing volume, we’re targeting profitable growth.” (Read More…)

A dealer price sheet for the 2021 Mustang Mach-E has been unearthed on one of our parent company’s forums, and it shows that all Mach-Es excluding the GT will see a price drop effective today.

Not only that, but 2021 model-year units invoiced prior to today will be re-invoiced to move to the new pricing.

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Electric-vehicle startups seem to be everywhere these days. And more than a few have used a “reverse merger” with an established company that’s already listed on Nasdaq as a way to go public.

Lordstown Motors, Fisker, and Canoo have announced deals like this, and Nikola has already done this type of deal.

In this case, Mullen Technologies, which is based in Southern California, will pair with Net Element, a company that works on mobile payment tech.

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It’s been talked about and teased, and now it’s finally here. Volkswagen took the wraps off the 2021 ID.4 electric vehicle in one of the now-ubiquitous live-streamed reveals.

You can even buy yours today if you like what you see. Reservations are open.

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Tabless batteries and a Plaid trim level of the Model S made the biggest news at Tesla’s much-hyped “Battery Day.”

Batteries that last longer, cost less, and have more power will help drive EV adoption, and the new 4680 tabless battery cells, which are cylindrical and larger, are claimed to provide five times as much energy as before, with six times the power and up to 16 percent more range. Tesla says production on these batteries has already begun.

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The New York Times, or one writer paid by the New York Times (one journalist’s take or analysis or opinion doesn’t represent the entire paper, you know), had a piece out a couple days ago claiming the dawn of the EV age is now.

Somehow, I missed this article until now. But let’s a look at its assertions, shall we, and see what is and is not accurate?

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Cadillac told U.S. and Chinese dealers they will each need to invest at least $200,000 on electric vehicle chargers and staff training to continue selling the brand’s products after 2022. The message was communicated to dealerships on Wednesday via video messages from Rory Harvey, the luxury brand’s vice president of sales, service and marketing. Cadillac is moving on electrification (seriously this time) and plans to launch the Lyriq EV within the next two years, with more battery-driven models to follow. Update: Cadillac PR has responded, saying that what was communicated yesterday is for U.S. dealers only.

The brand says dealers must be ready for the transition, giving us flashbacks to Project Pinnacle — the Johan de Nysschen strategy that forced stores to spend money to provide a more premium sales experience that differentiated Cadillac as special. At the time of its implementation, many dealers wondered why they should bother taking on more overhead under the assumption that they’ll make extra money over time. While luxury-specific outlets don’t have much choice in the matter, those selling GM’s other brands in conjunction with Cadillac seem to be substantially less eager to implement the changes.

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Electric vehicles are sometimes looked upon as being unable to do what internal-combustion engine vehicles can do.

That’s mostly because until recently, ranges haven’t been on par with ICE engines.

But don’t conflate shorter ranges with lack of ability.

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