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  • Drew Dowdell
    Drew Dowdell

    Daimler Stopping Development of Future Internal Combustion Engines

      ...putting all the focus on EVs...

    In a surprise announcement, Daimler has said that they are stopping further development of internal combustion engines to focus solely on electric vehicle development.  In a statement to Auto Motor und Sport, Daimler says they have no plans to develop a next generation of their IC engines. The current generation, just recently released, may be their last. 

    Daimler did go on to explain that while the engine families may not be replaced, there still would be work on certain components to improve performance in the future. Engine families have fairly long timelines, usually around a decade long, so this announcement still gives Daimler some breathing room for the immediate future. 

    Daimler is currently facing up to a €1 Billion For Diesel Cheating

     

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    Insanity apparently still running rampant at Daimler Benz. I think there's going to be a solid place for the ICE far into the future, at least 25 or 30 years, running alongside with the EV of course. I've worked in the EVSE industry for Blink here in AZ and it's been a very slow adoption for the masses. Battery tech. is getting better and charge times are down, but the harder you slam the batteries with high power like a Level 3 station or a very high amperage Level 2, it dramatically reduces the battery life and causes a lot of heat that needs to be controlled to protect the batteries. ICE in the U.S. are very clean running now days and if there's any glitch in the catalyst the OBD-II throws a code and lights up your dash so it's pretty well controlled.  

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    The 48 volt mild hybrid V8, Inline 6 and inline 4 are new engines, most models don't even have them yet.   So you figure this is a fresh engine line, the 4.0 V8 has been around a few years, but has a 2020 MY update.  The I-6 launched in 2019. That engine line with little tweaks and upgrades can get them to 2030.  By then they will have an all EV line up I would imagine.

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    7 minutes ago, smk4565 said:

    The 48 volt mild hybrid V8, Inline 6 and inline 4 are new engines, most models don't even have them yet.   So you figure this is a fresh engine line, the 4.0 V8 has been around a few years, but has a 2020 MY update.  The I-6 launched in 2019. That engine line with little tweaks and upgrades can get them to 2030.  By then they will have an all EV line up I would imagine.

    Definitely.... with the engine lines that just came out, they'll have 10 to 15 years of ICE.  And if they need to, they can just keep increasing the amount of power that comes from electric and decreasing the ICE size (instead of an I6 lite hybrid, an I4 hybrid with a stronger EV component) 

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    1 hour ago, Drew Dowdell said:

    Definitely.... with the engine lines that just came out, they'll have 10 to 15 years of ICE.  And if they need to, they can just keep increasing the amount of power that comes from electric and decreasing the ICE size (instead of an I6 lite hybrid, an I4 hybrid with a stronger EV component) 

    About 10-12 years is what they get from an engine, and that usually involves some overhauls along the way.  They could go to  a turbo 4 with more electric power, but I feel like in 10 years they'll have the batteries figured out and no one is going to want a n ICE when you can just get any amount of power you want from an electric, with more cabin space and less maintenance.  Wouldn't surprise me if the whole Mercedes line was electric only in 2030.

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    4 minutes ago, smk4565 said:

    About 10-12 years is what they get from an engine, and that usually involves some overhauls along the way.  They could go to  a turbo 4 with more electric power, but I feel like in 10 years they'll have the batteries figured out and no one is going to want a n ICE when you can just get any amount of power you want from an electric, with more cabin space and less maintenance.  Wouldn't surprise me if the whole Mercedes line was electric only in 2030.

    C&G will be 32 years old by then, well be able to come back and see

    1 minute ago, balthazar said:

    Ready for every model's MSRP to double? C-class EV : $82,000 ??

    No necessarily. Costs will come down. The already are.

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    2 hours ago, Drew Dowdell said:

    C&G will be 32 years old by then, well be able to come back and see

    No necessarily. Costs will come down. The already are.

    Battery costs have already come down from even just 5 years ago with latest tech. in the chemical compositions, so it really comes down to the precious metals in the Li-ion cells and traction motors.

    Cadillac has already announced back in January that they will have an EV flagship SUV on the new GM BEV3 architecture within the next 3 or 4 years , but they know the cash cow ICE models like Escalade sell too well to walk away entirely anytime soon. The future of the automobile will be very interesting for sure.     

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    This isn't as shocking as some may think.  For anyone who follows the recent advancement in EV's, batteries, and solar PV power, the writing is on the wall for the death of the ICE.  

    About half a decade ago, I'd have balked at that statement, but things can change in 5 years.  Especially the past 5 years.  

    Sure, there will still be ICE engines sold 5 or 10 years from now.  But those will be holdout projects, sold to people where the infrastructure, OR corporate interference in has made a changeover implausible.   

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    2 hours ago, balthazar said:

    Look at the numbers.

    I"m guessing the people at benz are smarter about this than anyone on this message board. 

    1 hour ago, ccap41 said:

    When does that ever transition to the consumer? 

    It already has in the form of range increases without cost increases. When the leaf came out, it only had about 100 mile range. The bolt was released at about the same price as the leaf, but had a 235 mile range. GM just increased the range of the bolt again with no increase to price. 

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    Since charging costs are nearly unilaterally ignored, and MPG increases in IC vehicles really never had a direct correlation to MSRP, I question the equivalency of 20 more miles of range (Bolt) being a ‘cost reduction’.

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    15 hours ago, USA-1 Vortec 6.2 said:

    Insanity apparently still running rampant at Daimler Benz. I think there's going to be a solid place for the ICE far into the future, at least 25 or 30 years, running alongside with the EV of course. I've worked in the EVSE industry for Blink here in AZ and it's been a very slow adoption for the masses. Battery tech. is getting better and charge times are down, but the harder you slam the batteries with high power like a Level 3 station or a very high amperage Level 2, it dramatically reduces the battery life and causes a lot of heat that needs to be controlled to protect the batteries. ICE in the U.S. are very clean running now days and if there's any glitch in the catalyst the OBD-II throws a code and lights up your dash so it's pretty well controlled.  

    I will state that I disagree with you and the flip to EV will happen faster than the flip from horse and buggy to ICE. With the introduction of various fast charging solid state batteries and tech such as the story below that removes the heat and explosion issue along with the early death of current Li Ion batteries, we will see the move faster than people are expecting. 

    Yes some categories such as long haul trucking will be ICE for the next 25 to 50 years, but inner city to suburban will flip much faster once an assortment of auto's are out.

    This tech also is in beta testing with auto companies and I expect this will be a big game changer along with the solid state dry material info I posted above.

     

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    5 minutes ago, balthazar said:

    Since charging costs are nearly unilaterally ignored, and MPG increases in IC vehicles really never had a direct correlation to MSRP, I question the equivalency of 20 more miles of range (Bolt) being a ‘cost reduction’.

    20 miles, no... but going from Leaf to Bolt for the same price... that's over 100 miles? That's a cost reduction.

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    1 minute ago, dfelt said:

    I will state that I disagree with you and the flip to EV will happen faster than the flip from horse and buggy to ICE.

    Let’s quantify that; how long DID it take to move to autos from horses, exactly?

    Because a ton of the general commentary I’ve read acts like the 1997 hybrid electric prius hasn’t had a 23-yr run to date and EVs were unveiled for the first time the day before said commentary was made.

    Look at the market share of hybrid electrics and electrics over the past 20 years thru 2019.

    1 minute ago, Drew Dowdell said:

    20 miles, no... but going from Leaf to Bolt for the same price... that's over 100 miles? That's a cost reduction.

    An OPERATING cost reduction, not a purchase cost reduction.

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    4 minutes ago, balthazar said:

    Let’s quantify that; how long DID it take to move to autos from horses, exactly?

    Because a ton of the general commentary I’ve read acts like the 1997 hybrid electric prius hasn’t had a 23-yr run to date and EVs were unveiled for the first time the day before said commentary was made.

    Look at the market share of hybrid electrics and electrics over the past 20 years thru 2019.

    I get the point your making but Prius did not inspire the bulk of the public and so a tight, ugly little hybrid like their product line was not going to change things fast.

    Yet with all OEMs bringing out EVs to their standard lineup, I see a change over happening much faster for the EVs than Hybrids, etc.

    As stated here by you, me, and many others, most buyers do not care what is under the hood. 

    If they have a 300 to 400 mile range, like the interior and the over all price is in their budget, they will buy and change habits to plugging in at home and having a full battery pack every morning.

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    19 minutes ago, balthazar said:

    Let’s quantify that; how long DID it take to move to autos from horses, exactly?

    Because a ton of the general commentary I’ve read acts like the 1997 hybrid electric prius hasn’t had a 23-yr run to date and EVs were unveiled for the first time the day before said commentary was made.

    Look at the market share of hybrid electrics and electrics over the past 20 years thru 2019.

    An OPERATING cost reduction, not a purchase cost reduction.

    Sure it is a purchasing cost reduction.  Until the Bolt was made, $30ish thousand dollars got you 100ish miles of range.  Once the Bolt was released, $30ish thousand dollars got you 235 miles of range.  Prior to that, to get over 200 miles of range cost around $60ish k.

    Putting it another way... if the Silverado 2500 were suddenly the same price as a 1500, that is a big cost reduction.

    And Range doesn't effect operating costs any more than a bigger gas tank does.  If you're getting X miles out of Y amount of juice, it doesn't cost you less just because you fill up less often. 

     

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    Well price has always been a market problem, with no signs of abating in the near future. But I disagree that it being electric is of no consequence; EVs are always compared straight to other EVs, and situations such as saying the $154K Taycan is going to compete w the $81K Model S pretty much proves that. Recall all the pieces comparing the Model 3 to the Bolt?

    5 minutes ago, Drew Dowdell said:

    Sure it is a purchasing cost reduction.  Until the Bolt was made, $30ish thousand dollars got you 100ish miles of range.  Once the Bolt was released, $30ish thousand dollars got you 235 miles of range.  Prior to that, to get over 200 miles of range cost around $60ish k.

    Not if you bought a IC vehicle.

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    47 minutes ago, Drew Dowdell said:

    It already has in the form of range increases without cost increases. When the leaf came out, it only had about 100 mile range. The bolt was released at about the same price as the leaf, but had a 235 mile range. GM just increased the range of the bolt again with no increase to price. 

    So the answer was, "no"...

    I can't wait for my $50,000 car to have 1000 miles of range!  

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    46 minutes ago, balthazar said:

    Since charging costs are nearly unilaterally ignored, and MPG increases in IC vehicles really never had a direct correlation to MSRP, I question the equivalency of 20 more miles of range (Bolt) being a ‘cost reduction’.

    Exactly right. I know for a fact that GM (as well as other manufacturers I would hope) always has more range left in the packs, but electronically limits it to either have more available in new MY vehicles to woo the consumer or to release more in a specific vehicle as other battery cells start to die. So there's no new cost in it for them, the consumer already paid for it when they bought the car. Same story for ICE vehicles of course. 

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    14 minutes ago, ccap41 said:

    So the answer was, "no"...

    I can't wait for my $50,000 car to have 1000 miles of range!  

    Getting more for your money is not a price reduction?

    Okay, forget the Leaf.  Before the Bolt, it cost you $60ish k to get over 235 miles of range. After the Bolt it cost you $30ish K. That's a price reduction.

    How about another example? I have an old iPod sitting here with 64gb of memory that originally cost about $400. Now you can get one with 256gb for $400... that is a reduction in price.

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    No, because you're still stuck spending a relatively absurd amount of money for essentially the same thing. 

    I'd argue the ipod/phone thing in that all of the software, saved images, music are so much larger you NEED a larger capacity to do the same job. 

    I think it is a perception of a lower price but not actually lower. 

    I'd argue more the time value of money makes them lower priced more than anything else. If a $400 iPod 10 years ago vs $400 one today, after inflation, it costs us a less percentage of money(assuming salary only goes up with the rate of inflation with no promotions, etc. ). 

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    55 minutes ago, dfelt said:

    I will state that I disagree with you and the flip to EV will happen faster than the flip from horse and buggy to ICE. With the introduction of various fast charging solid state batteries and tech such as the story below that removes the heat and explosion issue along with the early death of current Li Ion batteries, we will see the move faster than people are expecting. 

    Yes some categories such as long haul trucking will be ICE for the next 25 to 50 years, but inner city to suburban will flip much faster once an assortment of auto's are out.

    This tech also is in beta testing with auto companies and I expect this will be a big game changer along with the solid state dry material info I posted above.

     

    I just got a good laugh out of you comparing the change from Horse and Buggy to ICE and ICE to EV, that's a stretch man. Like I stated above I've worked right in the middle of the EV and EVSE industry just 4 years ago and talked directly with consumers and companies about EV charging stations. It has taken MUCH longer for the industry to move from ICE to full EV's than industry analysts or the auto manufacturers thought. In 2015 they were saying that more than 10% of the cars out there would be EV by 2020 and as of 2018 it's only just over 2%. Battery tech has made great strides, but for consumers to grasp the change we definitely still have a lot of catching up to do with regards to charging times and we still need a lot more EVSE infrastructure to go in to handle the EV cars that will be out there. I actually had a Volt to drive as a company car and it had pretty impressive performance and I really liked the EREV setup over the pure EV like the Leafs we also had. If you're low on a charge you just went to the gas station to fill up the 9 gal tank and you were on your way with 250 instant miles of driving in less than 5 min. if on a trip or even on the way home. The best scenario for the most range was, if on the Hwy/Fwy Hold mode ran the I4 gas engine that would spin the generator to run the traction motors or if in the city Tour or Sport mode would run the motors with just the batteries, when at Hwy speed the batteries would deplete rather quickly so the gas engine had the better range than the batteries, I was averaging 51 mpg combined when I gave it back. I wish GM would have stuck with the Voltec platform as an option it really is the best of both worlds, but they never marketed the Volt very well at all. The Bolt has pretty good range for the money, but it's too small for people like me (6'3") but still better looking than the fugly Prius.    

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    9 hours ago, Miradart said:

    This isn't as shocking as some may think.  For anyone who follows the recent advancement in EV's, batteries, and solar PV power, the writing is on the wall for the death of the ICE.  

    About half a decade ago, I'd have balked at that statement, but things can change in 5 years.  Especially the past 5 years.  

    Sure, there will still be ICE engines sold 5 or 10 years from now.  But those will be holdout projects, sold to people where the infrastructure, OR corporate interference in has made a changeover implausible.   

    I've worked directly in the EVSE industry just 4 years ago and the industry thought that we would be much further in on the EV. Industry analyst's and the auto manufacturers predicted 10+% by 2020 and we are only just over 2% of cars out there being EV's as of the end of 2018 with it really hatching in 2011 with the Volt and Leaf. ICE vehicles will be around well into the foreseeable future. I know baby boomers like my parents, aunts and uncles are not ready for them to go away and move to an EV. 

    Edited by USA-1 Vortec 6.2
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    17 minutes ago, USA-1 Vortec 6.2 said:

    I just got a good laugh out of you comparing the change from Horse and Buggy to ICE and ICE to EV, that's a stretch man. Like I stated above I've worked right in the middle of the EV and EVSE industry just 4 years ago and talked directly with consumers and companies about EV charging stations. It has taken MUCH longer for the industry to move from ICE to full EV's than industry analysts or the auto manufacturers thought. In 2015 they were saying that more than 10% of the cars out there would be EV by 2020 and as of 2018 it's only just over 2%. Battery tech has made great strides, but for consumers to grasp the change we definitely still have a lot of catching up to do with regards to charging times and we still need a lot more EVSE infrastructure to go in to handle the EV cars that will be out there. I actually had a Volt to drive as a company car and it had pretty impressive performance and I really liked the EREV setup over the pure EV like the Leafs we also had. If you're low on a charge you just went to the gas station to fill up the 9 gal tank and you were on your way with 250 instant miles of driving in less than 5 min. if on a trip or even on the way home. The best scenario for the most range was, if on the Hwy/Fwy Hold mode ran the I4 gas engine that would spin the generator to run the traction motors or if in the city Tour or Sport mode would run the motors with just the batteries, when at Hwy speed the batteries would deplete rather quickly so the gas engine had the better range than the batteries, I was averaging 51 mpg combined when I gave it back. I wish GM would have stuck with the Voltec platform as an option it really is the best of both worlds, but they never marketed the Volt very well at all. The Bolt has pretty good range for the money, but it's too small for people like me (6'3") but still better looking than the fugly Prius.    

    @dfelt Also, the Chevy Cruze and the Volt were built on the same platform so comparing the time from ICE to EV with Horse and Buggy to ICE is not even close to the same.  

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    Horse: live animal that must be tended to, fed, housed, has very finite use cycle/ lifespan.

    IC vehicle: machine that sits in your parking spot, turns on when you press button, takes you & some packages some place at you discretion.

    EV vehicle: machine that sits in your parking spot, turns on when you press button, takes you & some packages some place at you discretion

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    6 minutes ago, USA-1 Vortec 6.2 said:

    I've worked directly in the EVSE industry just 4 years ago and the industry thought that we would be much further in on the EV. Industry analyst's and the auto manufacturers predicted 10+% by 2020 and we are only just over 2% of cars out there being EV's as of the end of 2018 with it really hatching in 2011 with the Volt and Leaf. ICE vehicles will be around well into the foreseeable future. I know baby boomers like my parents, aunts and uncles are not ready for them to go away and move to an EV. 

    You could be right.  But think back to 10 or maybe 15 years ago.  What did our mobile phones look like, and what could we do with them?  Granted, the buy-in is substantially different.  But between a 6 minute recharge on the horizon,  and EV charging stations now popping up all over, I could expect the transition to come quite quickly, once it really gets going.  

    Even in Canada, PetroCanada is just now advertising that they have a coast-to-coast EV charging now available along the Trans Canada Highway.  That's 4800 miles.  So, It's safe to say that things are picking up speed.

    At the end of the day, there are many of the old barriers to EV ownership that are falling to the wayside.  I guess time will tell when the 'real' jump comes.  

    'Granny, and uncle Ned' may never change, but I don't think that is a surprise to anyone.  Older folks often aren't willing to jump on new things, no matter how much better it might be.  But I don't think that that is where the market shift will happen anyways.  It will be to middle age, and younger buyers.  Once a useful EV truck, or SUV comes along, I could see things changing very quickly.

    We may have ICE for the 'foreseeable' future, but that largely depends on how far down the road 'foreseeable' describes.  All I know is that I can see its end from where I stand.  But as the old car ads used to say, "Mileage may vary"  :)  

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    An EV isn’t a new thing, it’s the same thing only the mechanics (that 95% of owners never deal with) are different. While it’s true people are creatures of habit, the tangibles to an EV car aren’t the mechanicals but range ?s, charging location/time ?s, and purchase cost questions. Some very well may be waiting for a particular vehicle type, but cost is the number 1 factor. If a [Bolt] cost what a [Sonic] cost, their sales would likely be on par.

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    3 hours ago, USA-1 Vortec 6.2 said:

    I've worked directly in the EVSE industry just 4 years ago and the industry thought that we would be much further in on the EV. Industry analyst's and the auto manufacturers predicted 10+% by 2020 and we are only just over 2% of cars out there being EV's as of the end of 2018 with it really hatching in 2011 with the Volt and Leaf. ICE vehicles will be around well into the foreseeable future. I know baby boomers like my parents, aunts and uncles are not ready for them to go away and move to an EV. 

    Yet where you live and the support and messaging directly relates to the sales and common use of EVs. For me living on the West Coast, specifically Washington state, EVs are a common thing every day and with the Electric super highway that was built from Vancover BC to Baja California, getting around in an EV is very easy.

    image.png

    https://www.greencarreports.com/news/1114242_these-six-states-have-the-highest-electric-car-adoption-rates-in-the-country

    As you can see being one of the top 6 states that does support and have an extensive EV charging infrastructure, you end up with many people buying EVs. Once Rivian is truly producing and Ford / GM has their full size SUV/Trucks out in EV form, I expect sales to really take off over the small cracker jack box EVs we currently have.

    https://www.cheatsheet.com/money-career/these-states-are-buying-the-most-green-cars-in-america.html/

    This story clearly supports the one above even though they are independant researched articles.

    https://evadoption.com/ev-market-share/ev-market-share-california/

    This puts the current state into perspective since many are visual people.

    image.png

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    To add to this, in 2030, China and big chunks of the EU may ban ICE vehicles for sale.  So given that those are Mercedes 2 biggest markets, it would make sense that they have a full EV line post 2030.   12 years ago was iPhone 1, 14 years ago was the launch of You Tube.  A lot can happen in 10-15 years.  If Daimler pours R&D dollars into electric cars they can get that battery cost down, they can probably reduce warranty costs and build/design complexity, there may be other areas to pick up savings when the economies of scale kick in.

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    Blink Network, one of the largest EVSE networks in the country that's owned by Car Charging Group, Inc. out of Miami Beach, FL is based right here in Phoenix, there's an over saturation of charging stations and many don't get used, but there's plenty of support and infrastructure for EV's here. Ecotality/Blink Network that went bankrupt in 2013 was purchased by CCGI for $3.3M in the same year. Ecotality was one of the original EVSE manufacturer/networks that teamed up with ChargePoint and AeroVironment on the U.S. DOE EVSE project officially named "The EV Project" that was part of the AR&R Act of 2009 with a huge $99.9M investment by the DOE to get a Level 2 and Level 3 charging station infrastructure installed in 7 states that makes up 15,000 units.  I was just at the grocery store that has two operational Blink units and no cars were charging, and they hardly ever are anymore, but several ICE vehicles in the parking lot. So there's plenty of support here just no real public interest, yes I see a Model S and Model 3 here and there and a Bolt once in a while, but just no real wide spread interest. Part of the problem with the lack of interest is the Summer heat here in the beautiful Sonoran Desert that wears heavy on the batteries which also quickly kills the EV range. That will always be an issue here as well as in the super cold Winters of the Midwest and far NE of the U.S. A standard car battery that lasts 5 or 6 years in the NW only lasts about 3 years here in the Sonoran and the Li ion batteries feel it and get pretty hot when charging or discharging, hence the reason for on-board liquid cooling systems in the EV's, but sometimes it's just not enough or cheap models like the new Nissan Leaf still doesn't have liquid cooling for the batteries, which is absurd. All of this is why I say the ICE will live on for at least another 25 or 30 years and maybe even longer depending on consumers, if they sell the auto industry will build them.  

    EVSE companies are kind of like the Solar Industry, very dependent on the U.S. government or private investment groups to try to make it. It's hard to make any real revenue on the network fees to even cover the electricity usage on the EVSE, we used to barely break even on the network fees even after we put together new contracts for the network after the Blink bankruptcy and subsequent purchase in 2013. There are several solar panels on houses everywhere here, but somehow the solar companies seem to end up bankrupt, Solyndra comes to mind. I'm just glad I got out when I did I know people who are still there and nothing has changed, they were designing a new commercial charging station that was shelved years ago and all of the EVSE companies still struggle to gain private funding.  

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    8 hours ago, Miradart said:

    You could be right.  But think back to 10 or maybe 15 years ago.  What did our mobile phones look like, and what could we do with them?  Granted, the buy-in is substantially different.  But between a 6 minute recharge on the horizon,  and EV charging stations now popping up all over, I could expect the transition to come quite quickly, once it really gets going.  

    Even in Canada, PetroCanada is just now advertising that they have a coast-to-coast EV charging now available along the Trans Canada Highway.  That's 4800 miles.  So, It's safe to say that things are picking up speed.

    At the end of the day, there are many of the old barriers to EV ownership that are falling to the wayside.  I guess time will tell when the 'real' jump comes.  

    'Granny, and uncle Ned' may never change, but I don't think that is a surprise to anyone.  Older folks often aren't willing to jump on new things, no matter how much better it might be.  But I don't think that that is where the market shift will happen anyways.  It will be to middle age, and younger buyers.  Once a useful EV truck, or SUV comes along, I could see things changing very quickly.

    We may have ICE for the 'foreseeable' future, but that largely depends on how far down the road 'foreseeable' describes.  All I know is that I can see its end from where I stand.  But as the old car ads used to say, "Mileage may vary"  :)  

    Eh, you're Canadian we can't take you guys seriously ??

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    dfelt : Some strange metrics in the charts you posted, such as 'number of PEV registrations per capita', which actually makes the 'success' look much worse; 3.04 / 1000 is a 0.003% ratio. Nobody draws sales analysis on a metric like that, it has no correlation.

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    ICE engines and fossil fuels are going no where.  We might be switching cars that only do short travel to electric but for most of the US we will still need ICE engines.  Most countries including the US does not have the electrical grid to handle all the electric cars people think we need.  Solar and Wind are not cutting it.  In the US last year when we had the deep freeze for a week in the middle of winter all the wind and solar plants in the Midwest were offline.  they can't withstand that cold.  Also only produce less than 1% of the energy needed daily.  I'm good with Hybrid but a full electric transportation system in no where in the future of the US.

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    • Sending a Christmas eve chuckle your way: Here's Dyan Cannon, who has again poured herself into her clothing, to attend a Lakers game, which she does often. It looks like she can easily fit down many chimneys.  Maybe even into a Christmas gift stocking. I find the different chapters of Dyan Cannon humorous.
    • @Drew Dowdell @Robert Hall @trinacriabob @A Horse With No Name @ccap41 @surreal1272 @oldshurst442  And including all of the C&G members that are here that I do not interact with often enough or those I have forgotten their handles. Wishing each and every one of you a Merry Xmas Eve and Merry Xmas.  To those that do not celebrate Xmas, Happy Hanukkah, Happy Holidays, Happy time off. Wishing each and every person here a restful end to the year, one of love, respect, relaxation to you and your families. Wishing all the best!
    • MOU means that these companies have signed a "Memorandum of Understanding" to explore the participation, involvement and synergy sharing in relation to the business integration through a joint holding company. Back in August 1st, 2024 Nissan and Honda created a Joint Holding Company for the commencement of a strategic partnership focused on intelligence and electrification. This was to start the consideration towards integration of the two companies. Mitsubishi Motors has now signed onto this MOU to explore the possibility of achieving synergies at an increased level through business participation or integration. In basic terms, the three companies have agreed to join forces in sharing costs to move forward with EV platform R&D while they also look at the ICE "Internal Combustion Engine" gas side of having shared platforms to reduce costs and hopefully save the three auto companies by keeping them alive.  While Nissan and Honda have agreed to move forward in this integration of the two auto companies, Mitsubishi Motors will make a final decision by the end of January 2025 about possibly joining in with the integration of Mitsubishi Motors into this joint 3 auto company venture. Nissan and Honda have already agreed to a full SDV or Software-defined vehicles program moving forward that will allow them to have a solid crucial collaboration of intelligence and electrification for future products. Both companies have stated that the acceleration of technology and the rapid change of the auto industry will allow these two companies to maintain global competitiveness and deliver more attractive products and services for customers worldwide. Nissan global mobility product line merged with Honda four-wheel-vehicles, motor cycles and power products can allow both companies to become more attractive to shareholders and innovation of products to sell to customers worldwide according to the CEOs of both companies. Nissan and Honda have stated the following: Nissan and Honda aim to become a world-class mobility company with sales revenue exceeding 30 trillion yen ($190 Billion U.S. Dollars) and operating profit of more than 3 trillion yen ($19 billion U.S. Dollars). The expected synergies from the business integration at this time are: 1. Scale advantages by standardizing vehicle platforms By standardizing the vehicle platforms of both companies across various product segments, the companies expect to create stronger products, reduce costs, enhance development efficiencies, and improve investment efficiencies through standardized production processes. The integration is projected to increase sales and operational volumes, allowing the companies to reduce development costs per vehicle, including for future digital services, while maximizing profits. By accelerating the mutual complementation of their global vehicle offerings - including ICE, HEV, PHEV, and EV models - Nissan and Honda will be better positioned to meet diverse customer needs around the world and deliver optimal products, leading to improved customer satisfaction. 2. Enhancement of development capabilities and cost synergies through the integration of R&D functions In accordance with the MOU to deepen strategic partnership and the joint research agreement on fundamental technologies dated August 1, the two companies have started joint research in fundamental technologies in the area of vehicle platforms for next-generation software-defined vehicles (SDVs), which is the cornerstone of the field of intelligence. After the business integration, both companies will encompass more integrated collaboration across all R&D functions, including fundamental research and vehicle application technology research. This approach is expected to enable both companies to efficiently and swiftly enhance their technological expertise, achieving both improvements in development capabilities and reductions in development costs through the integration of overlapping functions.   3. Optimizing manufacturing systems and facilities The companies anticipate that optimizing their manufacturing plants and energy service facilities, combined with improved collaboration through the shared use of production lines, will result in a substantial improvement in capacity utilization leading to a decrease in fixed costs.   4. Strengthening competitive advantages across the supply chain through the integration of purchasing functions To fully leverage the synergies from optimizing development and production capacity, both companies intend to boost their competitiveness by improving and streamlining purchasing operations and source common parts from the same the supply chain and in collaboration with business partners.   5. Realizing cost synergies through operational efficiency improvements The companies expect that the integration of systems and back-office operations, along with the upgrade and standardization of operational processes, will drive significant cost reductions.   6. Acquisition of scale advantages through integration in sales finance functions By integrating relevant areas of sales finance functions of both companies and expanding the scale of operations, the companies aim to provide a range of mobility solutions, including new financial services throughout the vehicle lifecycle, to customers of both organizations.   7. Establishment of a talent foundation for intelligence and electrification The human resources of the companies are an invaluable asset, and establishing a strong human resource foundation is crucial for the transformation that will come with the business integration. After the integration, increased employee exchanges and technical collaboration between the companies are expected to promote further skill development. Moreover, by leveraging each company's access to talent markets, attracting exceptional talent will become more attainable. Method of business integration and stock listing Nissan and Honda, with the result of the consideration, plan to establish, through a joint share transfer, a joint holding company that will be the parent company of both companies. This will be subject to approval at each company's general meeting of shareholders and obtaining necessary approvals from relevant authorities for this business integration, based on the premise that Nissan's turnaround*1 actions are steadily executed. Both Nissan and Honda will be fully owned subsidiaries of the joint holding company*2. Additionally, the companies plan to continue coexisting and developing the brands held by Honda and Nissan equally. Shares of the newly established joint holding company under consideration are planned to be newly listed (technical listing) on the Prime Market of the Tokyo Stock Exchange (“TSE”). The listing is scheduled for August 2026. With the listing of the joint holding company, both Nissan and Honda will become wholly owned subsidiaries of the joint holding company and will be scheduled to be delisted from the TSE. However, shareholders of both companies will continue to be able to trade shares of the joint holding company issued during this share transfer on the TSE. The listing date of the joint holding company and the delisting date of both Nissan and Honda will be determined in accordance with the regulations of the TSE. Regarding the organizational structure of the joint holding company, and both companies which will become wholly-owned subsidiaries of the joint holding company after the business integration, the optimal structure for realizing synergies, including the integration of R&D functions, purchasing functions, and manufacturing functions, will be discussed and considered within the integration preparatory committee, with the aim of establishing an organizational structure that enables efficient and highly competitive business operations after the business integration. The CEO's of all three companies had the following to say: Marking the announcement, Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said: “Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields. It is significant that Nissan's partner, Mitsubishi Motors, is also involved in these discussions. We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base.“ Honda Director and Representative Executive Officer Toshihiro Mibe said: "At this time of change in the automobile industry, which is said to occur once every 100 years, we hope that Mitsubishi Motors' participation in the business integration discussions of Nissan and Honda will lead to further social change, and that we will be able to become a leading company in creating new value in mobility through business integration. Nissan and Honda will start the discussion from today onwards with an aim to clarify the possibility of business integration by around the end of January in line with the consideration of Mitsubishi Motors." Comment from Mitsubishi Motors Director, Representative Executive Officer, and President and CEO Takao Kato said: “In an era of change in the automotive industry, the study between Nissan and Honda about a business integration will accelerate synergy maximization effects, bringing high value also to the collaborative businesses with Mitsubishi Motors. In order to realize synergies and to make the best use of each company's strengths, we will also study the best form of cooperation.” Upon looking at the press releases, it makes total sense that these companies would look to merge as each company is having a challanging time. Nissan globally has seen a 33.7% reduction in sales taking the estimated 2024 market share to 5.2%.  Honda globally has seen a 9% reduction over all with a 32% reduction in the asian rim leaving them with a 2024 estimated 5.4% market share. Mitsubishi Motors globally has seen a reduction year over year of a 10.7% drop leaving them with a 2024 estimated market share of 4.6%. All three auto companies lag the industry in technology connected auto's, feature / functions and especially EVs. All three companies have seen their profits turn into negative earnings for their respective companies leaving them with no real ability to perform R&D in building EVs to compete in China or the U.S. let alone Europe that has mandates in place for the end of ICE by 2035. End result is it looks like for these companies to survive, merging into one company that shares platforms and technology especially in the software and battery sectors will be the only way to move forward. View full article
    • I think I'm dreaming ... this vehicle would be the oldest of my handful of favorite "blast from the past" cars. A Cutlass Salon coupe in perfect condition, the first year I liked the colonnade Cutlass (and it's last year, of 3, with round headlamps in the colonnade), those huge bucket seats, and, oddly, A/C is there, but with manual windows.  It featured the new but not as popular 260 (4.3L) V8.  It also featured the light enamel blue they didn't repeat.  If the exhaust system is tight, this car will be whisper quiet. 1975 Oldsmobile Cutlass Salon (Numbers Matching Drivetrain) for sale: photos, technical specifications, description See anything odd?  Come on.  Quick. . . . It has Buick rally wheels instead of Oldsmobile rally wheels. * sigh ... I wonder what time frame this ad goes back to *
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