TESLA LOSES EV MARKET SHARE IN CA, APTERA SIGNS DEAL, BMW I7, AND MORE...

EV Channels Review

This episode of the EV Resource Podcast covers several key developments in the electric vehicle market. A significant point is Tesla's declining EV market share in California, though the hosts argue this is a natural consequence of increased competition rather than a sign of weakness, especially given Tesla's strong overall market share in the state. The podcast also touches on Tesla's price cuts in China, which are reportedly causing order cancellations for competitors. Ford's controversial plan to split its EV and ICE businesses is discussed, with the hosts supporting Ford's move despite dealer pushback. A major positive development highlighted is Aptera securing a body supplier, CPC Group, for its innovative composite bodies, signaling progress towards high-volume production. Canoo's battery module manufacturing facility in Oklahoma is also noted as a step forward. On the struggling side, Arrival faces NASDAQ delisting warnings, and Arcimoto is implementing a reverse stock split to stay afloat, though both are seen as having significant challenges ahead. Finally, the BMW i7 is reviewed as a luxurious, tech-filled EV, praised for its comfort and features, particularly the rear-seat theater system, though its high price point is acknowledged. The hosts also discuss the importance of affordable EVs, with the audience overwhelmingly rejecting the idea of simulated manual transmissions in EVs.