Polestar and Toyota are at two opposite ends of the EV spectrum. The former is building some of the world’s most sustainable electric vehicles, while the latter has been openly opposed to going all-electric. At a recent media briefing, Polestar’s head of sustainability, Fredricka Klaren, took aim at Toyota and its EV strategy (or lack thereof), claiming anything but a fully electric future will fail to address climate change.
“It’s not possible. We cannot continue using fossil fuels,” Klaren responded when asked questions about Toyota’s stance that EVs are not the only way to reduce emissions.
Toyota has consistently stood by its stance, even lobbying against going all in on pure electric vehicles. Instead, it insists on investing in hybrid technology and fuel cells alongside its ICE vehicles.
Despite nearly every other automaker making plans to go fully electric, Toyota is standing by its hybrid strategy. Toyota has one fully electric vehicle, the bZ4X, with 1,220 US sales last year.
Despite the improved electric range on Toyota’s “crown jewel” fifth generation Prius, the hybrid model is quickly becoming the best CD player in a world moving toward iPhones.
Toyota generated less than 1% of total US sales from zero-emission vehicles (not hybrids) and has the least developed supply chain for reducing carbon emissions. As a result, Toyota ranks among the 2022s world’s most obstructive companies on climate policy.
Polestar, on the other hand, aims to build a completely climate-neutral EV with the Polestar 0 project. The EV maker delivered over 50,000 electric vehicles in 2022, solidifying its position as an emerging EV contender. Polestar is calling on the industry to become more transparent about sustainability, and they are not afraid to call out those not assisting in the cause.
Polestar 3 (Source: Polestar)
At a media briefing this week in Sydney, Klaren said automakers focusing on anything but EVs are taking the wrong approach, adding there’s no place for mass-produced non-EV models after 2030.
Klaren says Polestar is basing its assessments on science, saying:
From our standpoint, our climate strategy is based on the IPCC (Intergovernmental Panel on Climate Change). It’s a top-down approach. We’ve said that we need to be climate neutral by 2040 as a company and we need to halve emissions by 2030, and that’s not what we can do – that is what the climate scientists are telling us we need to do as companies.
She adds that anyone who claims they will fix it in 2040 or 2050 is not listening because we will have already missed our goal.
We only have seven years left until we hit 1.5 degrees global warming. That’s a fact if we continue on the route we’re heading into. So, anything after 2030, we’re not interested.
In particular, Klaren directed her attention toward Toyota and hybrid technology, saying it alone won’t be good enough.
To me, you’re still putting gasoline in the car, so don’t focus on that technology at all. If you keep focussing [and] having that in your business plan, you’re not going to level up in the way you need to do in terms of this new technology.
Polestar is calling on auto industry leaders to do their part to combat climate change, including setting goals and being transparent about them.
All companies need to have that strategy to enable us to combat climate change in time. So that’s our predicament here. We know this. We know there is no place for non-EVs on a large scale after 2030 in that scenario. But OEMs are locked into their business plans. They plan for a transition and I understand that. But the thing is that the timeline is wrong and it’s not in line with scientists, so what we need to do is tear up those business plans and make new ones.
Electrek’s Take
Polestar is on to something here. Global CO2 emissions hit a new record high in 2022, and if we continue trending down this path, it could mean more frequent and severe weather like we saw this past year. Floods, droughts, and extreme temperatures not only wreak havoc on communities but also the food supply.
Atmospheric CO2 levels are around 420 ppm, according to the latest measurement from NOAA’s Mauna Loa Baseline Observatory.
For us to maintain a 300 to 350 ppm average atmospheric level as it has been over the past several decades, something needs to change. The transportation sector is one of, if not the largest, global greenhouse gas contributors.
Polestar is one of the EV makers looking to accelerate the transition to a sustainable future, pushing for transparency across the industry, while Toyota has, for the most part, been dragging its feet.
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After canceling the upcoming Airflow electric crossover and killing its popular 300 sedan, Chrysler only has one nameplate left in its lineup – but it doesn’t have to be this way. Stellantis already builds a full-size electric sedan that could prove to be a badge-engineered winner.
And, yes – it really should have been the new Chrysler 300. Meet the DS No. 8.
Stellantis’ US brands have had a tough go of the last few years, with Jeep trying and failing to bait luxury buyers willing to part with six-figure sums for a new Grand Wagoneer orgenerate excitement for the new electric Wagoneer S. The Dodge brand is doing to better with the Charger, a confusing electric muscle car that has, so far, failed to appeal to enthusiasts of any kind. Meanwhile, the lone Chrysler left standing, the Pacifica minivan, made its debut back in 2016. Nearly ten long model years ago.
Spec-wise, the DS meets the bill, as well. With a 92.7 kWh battery and the standard 230 hp electric motors on board, the electric crossover is good for 750 km (466 miles) of range on the WLTP cycle. With the same battery and a 350 hp dual-motor setup that sacrifices about 40 miles of range for a more sure-footed AWD layout and a 5.4 second 0-60 time that compares nicely to the outgoing Chrysler 300 V8.
The DS offers reasonably rapid 150 kW charging, too, enabling a 10-80% charge (over 300 miles of additional driving range) in less than thirty minutes.
Why it would work
DS Automobiles No. 8; via Stellantis.
Think of all the reasons the Wagoneer S and Charger Daytona EVs have failed to reach an audience. From the confusing Wagoneer “sub-branding” to the fact that no one was really asking for either an eco-conscious muscle car or a loud EV. On the flip side of that, the 300 is something different.
With the DS No. 8, Chrysler could do it again. It could revive its classic American nameplate on a European-designed platform that wasn’t designed to be a Chrysler, doesn’t look like a Chrysler, and shouldn’t work as a Chrysler, but somehow does. The fact that it could also be the brand’s first successful electric offering in the US would just be a bonus.
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Powered by tech giant Huawei 5G-Advanced network, a fleet of over 100 Huaneng Ruichi all-electric autonomous haul trucks and heavy equipment assets have been deployed at the Yimin open-pit mine in Inner Mongolia.
With more than 100 units on site, China’s state-backed Huaneng Group officially deployed the world’s largest fleet of unmanned electric mining trucks at the Yimin coal plant in Inner Mongolia this past week. The autonomous trucks use the same Huawei Commercial Vehicle Autonomous Driving Cloud Service (CVADCS) powered by the ame 5G-Advanced (5G-A) network that powers its self-driving car efforts. Huawei says it’s the key to enabling the Yimin mine’s large-scale vehicle-cloud-network synergy.
Huawei is calling the achievement a “world’s first,” saying the new system has improved operator safety at Yimin while setting new benchmarks for AI and autonomous mining.
For their part, Huaneng Ruichi claims its cabin-less electric offer an industry-leading 90 metric ton rating (that’s about 100 imperial tons) and the ability operate continually in extreme cold temperatures as low as -40° (it’s the same, C or F), while delivering 20% more operational efficiency than a human-driven truck.
The Huawei-issued press release is a bit light on truck specs, but similar 90 tonne electric units claim 350 or 422 kWh LFP battery packs and up to 565 hp from their electric drive motors and some 2,300 Nm (1,700 lb-ft) of tq from 0 rpm.
Huawei executives said the Ruichi trucks reflect the company’s vision for smarter mining operations, with the potential to introduce similar technologies in markets like Africa and Latin America. The 100 asset electric fleet marks the first phase of a plan to deploy 300 autonomous trucks at the Yimin mine by 2028.
Electrek’s Take
Electric haul trucks; via Huawei.
From drilling and rigging to heavy haul solutions, companies like Huaneng Group are proving that electric equipment is more than up to the task of moving dirt and pulling stuff out of the ground. At the same time, rising demand for nickel, lithium, and phosphates combined with the natural benefits of electrification are driving the adoption of electric mining machines while a persistent operator shortage is boosting demand for autonomous tech in those machines.
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Tesla has started accepting Cybertruck trade-ins, something that wasn’t the case more than a year after deliveries of the electric pickup truck started.
We are starting to see why Tesla didn’t accept its own vehicle as a trade-in: the depreciation is insane.
The Cybertruck has been a commercial flop.
When Tesla started production and deliveries in late 2023, the vehicle was significantly more expensive and had less performance than initially announced.
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At one point, Tesla boasted having over 1 million reservations for the electric pickup truck, but only about 40,000 people ended up converting their reservations into orders.
Tesla didn’t share an explanation at the time, but we assumed that the automaker knew the Cybertruck was depreciating at an incredible rate and didn’t want to be stuck with more trucks than it was already dealing with.
Now, Tesla has started taking Cybertruck trade-ins, at least for the Foundation Series, and it is now providing estimates to Cybertruck owners (via Cybertruck Owners Club):
Tesla sold a brand-new 2024 Cybertruck AWD Foundation Series for $100,000. Now, with only 6,000 miles on the odometer, Tesla is offering $65,400 for it – 34.6% depreciation in just a year.
Pickup trucks generally lose about 20% of their value after a year and 34% after about 3-4 years.
It’s also wroth nothing that Tesla’s online “trade-in estimates” are often higher than the final offer as noted in the footnote o fhte screenshot above.
Electrek’s Take
This is already extremely high depreciation, but Tesla is actually trying to save face with estimates like this one.
As Tesla wouldn’t even accept Cybertruck trade-ins, used car dealers also slowed down their purchases as they also didn’t want to be caught with the trucks sitting on their lots for too long.
On Car Guru, the Cybertruck’s depreciation is actually closer to 45% after a year and that’s more representative of the offers owners should expect from dealers.
That’s entirely Tesla’s fault. The company created no scarcity with the Foundation Series. They built as many as people wanted. In fact, they built too many and ended having to “buff out” the Foundation Series badges on some units to sell them as regular Cybertrucks and as of last month, Tesla still had some Cybertruck Foundations Series in inventory – meaning they have been sitting around for up to 6 months.
Now, Tesla is stuck with thousands of Cybertrucks, early owners are already getting rid of their vehicles at an impressive rate, and the automaker had to slow production to a crawl.
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