Quotes of the day

05-24-2017

Indian government, Jessica Caldwell.


anonym“FDI policy also permits wholesale of imported goods in India without sourcing conditions.”

After yesterday’s Twitter exchange over Tesla’s Indian market entry, the government was quick to respond it would be able to make an exception as the commerce and industry ministry clarified that Tesla will not have to source local components – if it plans to set up a factory in India.
indiatimes.com

Jessica-Caldwell“If we’ve learned anything from the phenomenon of Elon Musk, it’s that Wall Street likes a tech/innovation guy.”

Concludes Jessica Caldwell, senior analyst at Edmunds, after Ford appointed Jim Hackett as new CEO. He had previously run the carmaker’s smart mobility division.
theguardian.com

Tags: ,

Quotes of the day

05-23-2017

Elon Musk, Steve Burns.


Elon-Musk-Twitter“New control algorithm feels as smooth as silk.”

Such self-promotion seems smug even if it comes from Elon Musk. The Tesla boss sings the praise for the Autopilot update due by June but his remark comes after users complained about the last update that felt a little rougher than usual.
electrek.co

Steve-Burns“Our goal is to be known as the electric truck company that caters to fleets. That’s why we arrived at a hybrid, or a range extender.”

What Workhorse CEO Steve Burns wants to say is that his business clients need to know that they will get the job done with an electric pick-up despite the lower electric range. The latter is due to high cost for batteries Workhorse needs to balance.
insideevs.com

Tags: ,

Quotes of the day

05-22-2017

Raj Nair, Elon Musk.


Raj-Nair“We want electrification to be a bonus.”

Talking about Ford’s first all-electric crossover planned for 2020, CTO Raj Nair adds that buying an EV shall not have its trade-offs when it comes to performance and features. He wants buyers to appreciate them even more than conventional cars.
businessinsider.de

Elon-Musk-Twitter“I do believe this market cap is higher than we have any right to deserve. We’re a money-losing company.”

Tesla CEO Elon Musk considers the market value of its own company overrated. It recently reached 50bn dollars and even overtook GM’s market cap in April.
carscoops.com

Tags: ,

Quotes of the day

05-19-2017

Hakan Samuelsson, Gina Coplon-Newfield.


Hakan-Samuelsson“We have to recognise that Tesla has managed to offer such a car for which people are lining up. In this area, there should also be space for us, with high quality and attractive design.”

Volvo CEO Hakan Samuelsson credits Tesla with launching demand for electric vehicles, which he believes will also play into his own mission.
electrek.co

Gina-Coplon-Newfield“When manufacturers say buyers aren’t interested in buying electric vehicles, it’s a self-fulfilling prophecy.”

Gina Coplon-Newfield, director of electric vehicles initiative at the Sierra Club. Her organisation had 308 tested car dealers and found that most did not know much about electric cars or were mis-informed.
latimes.com

Tags: ,

Quotes of the day

05-18-2017

Tony Seba, Raj Nair.


Tony-Seba“What the cost curve says is that by 2025 all new vehicles will be electric, all new buses, all new cars, all new tractors, all new vans, anything that moves on wheels will be electric, globally.”

Given that Prof. Tony Seba is a Stanford University economist, this may be more than wishful thinking. He bases his “Rethinking Transportation” report on data dealing with “market, consumer and regulatory dynamics” and on existing technology only.
priceofoil.org, rethinkx.com (full report, download)

Raj-Nair“A lot has changed since 2013. I think hydrogen fuel-cell technology is a very spikey technology progression and there are times that we feel like we are really progressing fast and then it’s going slow.”

Ford CTO Raj Nair denounces previous plans of a hydrogen car, saying the timeline has changed. Ford initially formed an alliance with Mercedes and Nissan to develop a mass-market FCV by 2017.
businessinsider.de

Tags: ,

Quotes of the day

05-17-2017

Akio Toyoda, Angela Merkel.


Akio-Toyoda“The reason I am responsible for EVs as well is that I don’t want to make these cars a commodity. Even with the electrification of the vehicles, I want the prefix ‘I love’ to be affixed to those cars.”

Toyota President Akio Toyoda, who has recently been appointed as new leader of the EV division, appears to feel some passion for his new role. He went on to liken Tesla cars to the iPhone and wishes to introduce similar connectivity – or attachment.
autoweek.com

Angela-Merkel“As it looks at the moment, we will not achieve this goal.”

Prospects for Germany to manage to put 1 million EVs on its roads by 2020 have in fact been looking bleak for some time now, but this is the first time Chancellor Angela Merkel would admit it.
autonews.com

Tags: ,

Quotes of the day

05-16-2017

Herbert Diess, George Galliers.


Herbert-Diess-VW“When you think about possible successors to the Scirocco or the Beetle, you should probably think electric.”

VW’s chief Herbert Diess here catches up with expectations and raises hopes for more and rather quirky electric vehicles. Apart from that, VW continues to bet on SUVs though.
bloomberg.com

George-Galliers“Tesla’s unadjusted gross margin of 25 percent last year is impressive by any standard.”

Says Evercore ISI analyst George Galliers, who believes the EV maker will be able to keep this up even after the Model 3 launch. Galliers compared this growth with Porsche, saying it took Tesla three years to get where Porsche was after ten years.
electrek.co

Tags: ,

Quotes of the day

05-15-2017

Lewis Horne, Herbert Diess.


Lewis-Horne“A 90 kWh lithium iron battery that’s used to carry around one human occupant is not sustainable.”

Lewis Horne, CEO of Uniti, the Siemens-backed electric car maker from Sweden, points to the conceptual problem of any conventional car – too much material to transport too small a human.
theguardian.com

Herbert-Diess-VW“We certainly will have to think about a range extension for the electric Up.”

Volkswagen appears to think differently of above social sustainability and so VW brand CEO Herbert Diess wants more range for the little e-Up and also ponders a performance GTi version to increase sales. When world’s collide.
autonews.com

Tags: ,

Quotes of the day

05-12-2017

Marc Reuss, Roberto Vavassori.


Mark-Reuss“We’ll be there before then, I know we will.”

Says a rather euphoric Marc Reuss. GM’s head of global product development is sure that the 100 dollar per kWh treshold will be reached before 2022, which was the company’s previous prediction. Currently it stands at roughly 145 Dollar.
detroitnews.com

anonym“If just 1% of global car sales go electric, we will need another 70 factories like Tesla’s Gigafactory.”

Roberto Vavassori, heads Europe’s OEM body CLEPA and warns that China is way ahead in cell supply. However, he sees a chance for the European automotive industry if growth predictions hold what they promise, i.e. new demand of up to 100 GWh.
autocar.co.uk

Tags: ,

Quotes of the day

05-11-2017

Matthias Müller, Wolfgang Schaefer.


Matthias-Mueller“The Group will be rolling out more than 10 new electrified models by the end of 2018.”

Said VW CEO Matthias Müller at the annual general meeting. He also hinted at new battery cell partnerships both in Europe and China and wants to see 30 BEV models by 2025. Still, VW refuses to renounce its diesel line-up in a “foreseeable future”.
olkswagen-media-services.com

Wolfgang-Schaefer“High battery costs, limits to driving ranges and charging times mean that electric cars won’t have an economic advantage over combustion engines until 2025.”

Sounds like Continental CFO Wolfgang Schaefer is a bit behind the market as most carmakers aim for price parity of EV and ICE by 2020 (see news above). That is five years earlier than Mr. Schaefer is hoping for, who says the supplier has its “hands full” with all the upcoming BEV for 2020 already.
bloomberg.com

Tags: ,