EPISODE 71 - EV BATTERY PRICING, LA ZERO EMISSIONS, HYUNDAI E-STRATEGY, SONO MOTORS FUNDING & MORE!

EV Channels Review

This episode of the EV Revolution Show, hosted by Kenneth Ball Cory, delves into several key developments in the electric vehicle market as of late 2019. A significant portion is dedicated to the falling prices of EV batteries, with a Bloomberg New Energy Finance report highlighting an 87% decrease since 2010 and projecting the $100 USD per kilowatt-hour mark to be broken by 2024. This trend is seen as crucial for achieving cost parity with internal combustion engine vehicles, though the host notes that consumer price reductions have not yet materialized. The show also covers Los Angeles' ambitious 'Zero Emissions Roadmap 2028,' aiming for 80% of new vehicle sales to be electric by 2028. Manufacturer news includes Audi's €12 billion investment in e-mobility and Hyundai's 'E-Strategy 2025' targeting 670,000 EV sales by 2025, with both brands aiming for significant electrification of their lineups. Renault is noted for surpassing 200,000 EV sales. A detailed segment focuses on Sono Motors' crowdfunding campaign to raise €50 million for prototype development and testing, emphasizing their commitment to their mission and avoiding traditional VC funding. Finally, a tour of the FCA Windsor plant reveals the production of Pacifica plug-in hybrids and the ongoing impact of battery shortages. The host expresses optimism about the EV transition, driven by technological advancements and increasing manufacturer investment, while acknowledging adoption barriers like initial purchase price.