General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles.

The company’s product development chief promised a small electric SUV that will cost less than $30,000 and pledged to roll out 30 battery-powered models worldwide by 2025. Nearly all current electric vehicles cost more than $30,000.

The announcement Thursday shows how fast electric vehicle technology is evolving and how it may become the primary fuel for transportation sooner than almost anyone believed.
The GM announcement is among a series of recent tipping points from internal combustion vehicles to electric, Guidehouse Insights Principal Analyst Sam Abuelsamid said. Ford and Fiat Chrysler recently announced plans to build electric vehicles and components at Canadian factories, and Volkswagen, the world’s top-selling automaker, is increasing its EV spending and models. “There’s going to be a lot more EVs coming,” he said.

The challenge for automakers and startups has always been balancing range against battery costs, and GM appears to have gone beyond that, Abuelsamid said.

“What we’re seeing now is that they’re confident enough on their costs that they think they can offer those 300-to-400 mile range vehicles, and the upfront cost is similar to internal combustion vehicles,” Abuelsamid said.

The developments arrive as government pollution regulations tighten worldwide, with California and the United Kingdom recently announcing plans to ban gas-powered new vehicle sales in 10 to 15 years. President-elect Joe Biden is likely to restore government fuel economy regulations that have been rolled back by President Donald Trump, with Biden vowing to spend billions on electric vehicles and charging infrastructure. GM supported the rollback.
“If you look at all the forecasts the estimates, generally, the demand is kind of potentially being forecast to pick up,” said Doug Parks, GM executive vice president of product development. “We think the industry is transforming, and so we want to be at the leading edge of this.”

The company also wants to supplant Tesla as the global electric vehicle leader, saying it has done great things and was able to get the jump on GM and other traditional automakers. To back up its claims, GM said it will raise spending on electric vehicles from a promised $20 billion, to more than $27 billion through 2025.

The new battery cell chemistry, now undergoing early tests at a lab inside GM’s suburban Detroit technical center, can hold twice as much energy as the company’s current electric vehicle batteries, Parks said. They’ll also cost 60% less than current battery packs now in the Chevrolet Bolt electric car, he said.

The chemistry, which will use lithium metal anodes, will help GM package battery cells for a wide range of vehicles at different price points and ranges, Parks said. The new battery cells also will be used by Honda, which is partnering with GM and battery cell supplier LG Chem of Korea.

Parks said GM’s next generation of batteries due out next year already is getting close to reducing electric vehicle costs so they are similar to internal combustion engine vehicles, especially when fuel costs are factored in.

He said GM will build its own batteries to take advantage of economies of scale as more electric vehicles are sold. “We’ll learn it. We’ll perfect it. We’ll scale it and we’ll ride that cost curve down,” Parks said.

Parks said one of the Chevrolet crossover SUVs would be similar in size to the brand’s Equinox. As sales volumes rise for that mass-market SUV, that will help GM offer electric vehicles at even lower prices, he said.

The company should exceed its previous target of selling 1 million electric vehicles worldwide by 2025, CEO Mary Barra said.

Some more expensive luxury electric vehicles such as the Tesla Model S offer big batteries and ranges of over 400 miles, but Parks said GM plans to bring the higher range to more mainstream markets. A range of 450 miles is about equal to what people expect from a tank of gasoline, he said.

GM’s statements come two months after a similar announcement from Tesla CEO Elon Musk. He said in September the company is working on new technology that will enable more affordable cars that can travel dramatically longer distances on a single charge. He said the new batteries may not be ready for high-volume production until 2022, and there could be a Tesla with a $25,000 starting price.

Accounting and consulting firm Deloitte said in a study last summer that global sales of fully electric and plug-in gas-electric hybrid sales passed the 2 million mark last year, and were 2.5% of all new vehicle sales. By 2030, Deloitte predicts that total electric and plug-in sales will rise to 31.1 million, or 32% of global new vehicle sales. The firm estimates that fully electric vehicle sales will be 25.3 million, or 81 percent of the total.

Source: apnews

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The world is revolutionizing. People are tired of all the fuel-generated engines creating pollution. The governments are encouraging electric cars as a substitute for fuel consuming vehicles. The European Nations have already adopted these types of vehicles and Indian Sub Continental countries are on the verge of implementing such rules.

In the context of Nepal, we are still in the primary era of driving the fuel consuming vehicles creating pollution all over the places. Recently, Hulas Motors has come up with a new Electric car after it stopped manufacturing its first car Hulas Mustang. Hulas Mustang car made in Nepal, was halted because of the pollution parameters as directed by the Nepal Government.

In such a scenario, we interviewed Mr. Prafulla Chandra Das, the General Manager of Hulas Motors. According to him, the Nepalese market has still not been able to adapt to the electric car and modernization because of the predominant petrol consuming vehicles. Plus, Hulas Motors has not been able to gain the trust of Nepalese citizens because of the same price scale for both cars that are imported and manufactured in Nepal.

When asked about his expectations for electric cars in the upcoming budget, he stated that the company manufactures cars in our own sovereign. Nepal is desperately in need of such manufacturing companies. Plus, an electric car manufactured in Nepal would have a great local sentiment if the government cuts out taxes and makes it affordable to the Nepalese citizens.

Also Read: Yatri- First Electric Bike Made in Nepal

 

There are various other electric cars being imported to Nepal such as e2o from Mahindra and Soul EV from Kia. If the government imposes the same tax to both imported and manufactured cars, there is no incentive for the manufacturers to manufacture a car in Nepal and for Nepal.

Presently, Hulas is manufacturing three-wheeled electric rickshaws to sustain itself and is about to launch an electric car in Nepal for which the name has still not been finalized.

Electric Car is one of the primary things that should be considered in our country due to the present pollution and pollution parameters. Looking at the present condition, it is a high time to switch to electric cars in Nepal as it helps in sustaining the environment and solves the problem of the fuel crisis. From the user’s perspective, the cost of consumption is drastically reduced if the electric alternative is used. Das also states that the primary cost to maintain for a fuel-consuming vehicle would be Rs 10/km whereas the electric car cost would only be around Rs 4/km. Now, the choice is yours.

Also Read: TATA NEXON EV: ELECTRIC CAR WITH AN 8 YEAR WARRANTY

 

 

We will update about hulas mustang price in Nepal, its full Specs soon. Also, We will be doing a review of the car as soon as it launches. Stay tuned. For more details of the car, click here.

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General Motors and Honda are moving toward an alliance in North America to share vehicle development and technology costs as the industry moves toward electric and autonomous vehicles.

The nonbinding memorandum of understanding was announced Thursday, and the companies say they plan to share vehicle underpinnings as well as engines and transmissions.

It’s another sign of increasing consolidation in the automotive business as companies face huge capital outlays to develop current products as well as battery-powered and self-driving vehicles.

“The auto industry has a long history of being pressured by costs and lower (profit) margins,” said Edward Jones analyst Jeff Windau. “They’re trying to get to the other side here on an expensive vehicle development process, and being able to do that as efficiently as possible.”

No details were given on what vehicles would be developed jointly, but the companies said in a statement that planning work will start immediately and include vehicles powered by both electricity and internal combustion engines. Engineering work would begin early next year. They also will cooperate on manufacturing, parts purchasing, research and connected services.

Earlier this year, crosstown rival Ford finalized a similar deal with Germany’s Volkswagen, while Italian-American automaker Fiat Chrysler is heading toward a merger with France’s PSA Peugeot early in 2021.

In the GM-Honda deal, the companies say they’ll collaborate on a “range of vehicles sold under each company’s distinct brands.”

The announcement builds on work the companies have been doing jointly on electric and hydrogen fuel cell vehicles, as well as an autonomous vehicle. In April the companies announced they would jointly develop two electric vehicles for Honda based on GM’s global electric vehicle platform. Windau said the fuel cell work started in 2013, so it’s no surprise that the cooperation would be broadened.

“The alliance will help both companies accelerate investment in future mobility innovation by freeing up additional resources,” GM President Mark Reuss said Thursday in a statement. He said the companies would get “significant synergies” in developing vehicles.

“We can achieve substantial cost efficiencies in North America that will enable us to invest in future mobility technology while maintaining our own distinct and competitive product offerings,” Honda Executive Vice President Seiji Kuraishi said in the statement.

The alliance would be governed by a joint committee of senior executives from both companies, the statement said.

Windau said the alliance could extend to one company making vehicles for the other at one of its factories in the U.S., where GM has excess manufacturing capacity. It would be relatively simple to build a Honda on a GM assembly line if the vehicles were built on the same platform and had the same powertrains, he said.

Differentiating between Honda and GM vehicles built on the same underpinnings could be a problem, although Windau expects GM to focus on trucks and larger vehicles and Honda on vehicles built off of car platforms.

Windau says he doesn’t see the alliance evolving into a full merger between the U.S. and Japanese automakers.

Source: AP

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General Motors announced Thursday that it was dumping more money into its electrification plans and would also be accelerating its production to release more electric vehicles sooner than expected.

Speaking at a conference hosted by the British bank Barclays, GM CEO Mary Barra said the company would spend $27 billion on electric and autonomous vehicles through 2025 — up from the $20 billion it announced before the COVID-19 pandemic. Also by 2025, GM will launch 30 new electric vehicles around the world, more than two-thirds of which will be available in North America. The vehicles will span GM’s entire brand portfolio, including Cadillac, Buick, GMC, and Chevrolet, and will come in a range of prices.

 

Previously, the company said it would release 20 new EVs by 2023, though most of those were expected to launch in China, where demand for electric vehicles is much higher thanks to strict emissions rules.

GM has unveiled two new EVs in the last few months: the Cadillac Lyriq SUV, expected to go into production in late 2022, and the GMC Hummer EV, slated for late 2021. But the auto giant has been criticized for bringing vehicles to market too late, while other automakers are racing to get their EVs to customers much sooner.

“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” Barra said in a statement. “We are transitioning to an all-electric portfolio from a position of strength and we’re focused on growth. We can accelerate our EV plans because we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing, and customer experience.”

The news is meant to convince those investors on Wall Street who have been jittery about GM’s ability to catch up to Tesla, which has been the only automaker to successfully build an EV business over the last few years. Meanwhile, legacy automakers are stepping up their own EV plans, with Ford expecting to begin delivering its Mustang Mach-E SUV to customers by the end of the year and Volkswagen going into production on its electric ID 4 SUV early next year.

GM also said it was bolstering its estimates about its scalable Ultium battery architecture thanks to “engineering advances.” The automaker now says it anticipates getting 450 miles of range out of its Ultium batteries on a full charge, up from the previously estimated range of 400 miles.

The company said it was already working on the second-generation version of Ultium, which is projected to deliver “twice the energy density at less than half the cost of today’s chemistry.” GM said that this next-gen version of Ultium will cost “60 percent less” than batteries in use today. The company is prototype testing this next-generation battery technology, which is expected to be available mid-decade.
 

Source: indiatoday

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