One year after initial deliveries of solid-state battery prototypes to its automotive partners, QuantumScape is receiving additional praise from PowerCo – the battery-centric subsidiary of Volkswagen Group – for the potential of its technology. PowerCo recently completed an endurance test with QuantumScape’s solid-state cells and determined they can someday power EVs that can drive 500,000 kilometers with virtually no loss of range.
QuantumScape ($QS) is an advanced battery technology company that has been working for over a decade to develop scalable, energy-dense solid-state battery cells that can one-day power EVs that are safer, charge faster, and drive farther.
During QuantumScape’s tenure in solid-state battery development, Volkswagen Group has been a partner from early on and remains one of the startup’s largest investors. OEMs like Volkswagen have helped empower QuantumScape to continue its development and deliver some of the most promising solid-state battery technology in the industry.
In December 2022, the company delivered its first batch of 24-layer solid-state cells to its automotive partners for testing – including Volkswagen Group and others. We’ve since seen QuantumScape develop even more energy-dense cells and, as of October 2023, exceeded performance targets during testing.
Recently, Volkswagen Group’s battery subsidiary PowerCo completed its own endurance tests with QuantumScape’s 24-layer cells and is reporting encouraging results for future EVs that will offer better range with significantly less battery degradation.
VW Group pleased with QuantumScape’s SSB range
According to a report from PowerCo, it has officially confirmed performance metrics previously shared by QuantumScape, bringing longer-range EVs even closer to scaled implementation. The battery company under the VW Group umbrella detailed its endurance testing process, which took place over several months at its laboratory in Salzgitter, Germany, and put the solid-state cells through over 1,000 charge cycles.
The result was a battery that maintained over 95% of its original capacity. Based on that data, PowerCo states that an EV with a WLTP range of 500-600 km (311-373 mi) equipped with the QuantumScape cells can drive approximately 500,000 km (~311,000 miles) without any noticeable loss of total range.
While the industry-standard targets for solid-state cells in this stage of development are 700 charging cycles and a maximum capacity loss of 20%, PowerCo states that QuantumScape’s solid-state cell blew past those expectations, confirming the developer’s own results outlined in its Q3 letter to shareholders. The energy-dense cells also met or exceeded other test criteria like fast-charging capabilities, safety, and self-discharge. PowerCo CEO Frank Blome spoke:
These are very encouraging results that impressively underpin the potential of the solid-state cell. The final result of this development could be a battery cell that enables long ranges, can be charged super-quickly and practically does not age. We are convinced of the solid-state cell and are continuing to work at full speed with our partner QuantumScape towards series production.
PowerCo shared that its unified cell concept design developed for Volkswagen Group is already suitable to house QuantumScape’s solid-state cell technology. The next step will be to perfect and scale the manufacturing processes as both companies look toward scaled solid-state battery production – considered by many to be the “holy grail” of electric mobility.
QuantumScape still has a lot of work to do before achieving viable, scaled production, but VW intends to continue its support now in hopes of delivering long-range, solid-state EVs someday. Per QuantumScape founder and CEO Jagdeep Singh:
These results from the Volkswagen Group’s PowerCo testing make clear that QuantumScape’s anodeless solid-state lithium-metal cells are capable of exceptional performance. While we have more work to do to bring this technology to market, we are not aware of any other automotive-format lithium-metal battery that has shown such high discharge energy retention over a comparable cycle count under similar conditions. We’re excited to be working closely with the Volkswagen Group and PowerCo to industrialize this technology and bring it to market as quickly as possible.
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On today’s fact-checking episode of Quick Charge, we’ve got a showdown brewing between California Governor Gavin Newsom and Tesla CEO Elon Musk, an updated 650 hp Kia EV6 GT that’s ready to take on the world, and some sweet deals on battery-powered goodies.
We’ve also got new electric buses at UCLA that are powered by inductive current in the road itself, and a massive new solar project on a site more famous for coal than clean. All this and a little bit of fact-checking on some fresh musky nonsense – enjoy!
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Learn more at this link.
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The world’s first electric muscle car is finally here, and Dodge is already sweetening the deal for buyers. The Dodge Charger Daytona EV is launching with 0% APR, making it even cheaper to finance than the outgoing gas-powered model. Lease prices for the electric Charger start as low as $549 per month, but the Hellcat-like Scat Pack model may be an even better deal.
Dodge Charger EV launches with 0% APR offer
The first all-electric Dodge Charger has arrived, and surprisingly, it’s already becoming more affordable. In March, Dodge unveiled the Charger Daytona EV, kicking off “the next generation of Dodge muscle.”
According to Dodge brand CEO Tim Kuniskis, the electric Charger “delivers Hellcat Redeye levels of performance.” That’s for the Scat Pack model, which comes with a Direct Connection Stage 2 upgrade kit straight from the factory.
The upgrade delivers up to 670 hp and 627 lb-ft of torque for a 0 to 60 mph sprint in just 3.3 seconds. It can also cover a quarter mile in around 11.5 seconds.
In comparison, the 807 hp Dodge Charger SRT Redeye Jailbreak edition, powered by a Supercharged 6.2L HEMI SRT V8 engine, takes 3.6 seconds to get from 0 to 60 mph.
With a Stage 1 upgrade, the base R/T trim has up to 456 hp and 404 lb-ft of torque, good for a 0 to 60 mph time in 4.7 seconds.
Dodge opened orders for the 2024 Charger Daytona EV in September, starting at $59,995. The High-performance Scat Pack trim starts at $73,190.
According to a new dealer note viewed by online auto research firm CarsDirect, all 2024 Dodge Charger Daytona EV models are now eligible for 0% APR financing for up to 72 months.
2024 Dodge Charger Daytona EV trim
Horsepower
0 to 60 mph time
Starting price
Dodge Charger Daytona R/T
496 hp
4.7 seconds
$59,995
Dodge Charger Daytona Scat Pack
670 hp
3.3 seconds
$73,190
2024 Dodge Charger Daytona prices and specs (excluding a $1,995 destination fee)
The offer makes the electric Dodge charger even cheaper to finance than the outgoing 2023 Dodge Charger at 5.9% APR for the same 72 months. However, this is an individual offer and cannot be combined with other deals. Based on CarsDirect analysis, the 0% APR offer is limited to the Northeast, Southern, and Central US regions.
Dodge is also offering a $1,000 loyalty bonus for Stellantis (Jeep, Dodge, Ram, Chrysler) lessees that trade in for the electric Charger.
Update 11/26/24: The 2024 Dodge Charger Daytona EV launches with lease prices starting at $549 for 36 months. With $4,999 due at signing, the effective rate is $688 per month (10,000 miles per year).
Although it may not seem cheap, it’s a pretty good deal for a $60,000 electric muscle car. According to CarsDirect analysis, the outgoing Challenger R/T has an effective cost of at least $853 per month. And that’s with an MSRP of just $43,235. The EV model is nearly $20,000 more on paper but significantly less to lease than the aging 2023 model.
Meanwhile, the Scat Pack model may be an even better deal. With a lease money factor as low as 0.00006 on a 24-month lease, the Scat Pack trim is surprisingly lower than the lease rate of 0.00027 for the base R/T model.
It also has a higher residual value. On a 24-month lease, the Scat Pack trim has a 59% residual compared to the R/T’s 54%. With both trims eligible for a $7,500 lease incentive, the high-performance model could be an even better deal.
With the $7,500 EV tax credit incentive, eligible customers can save up to $8,500 on the 2024 Dodge Charger Daytona EV. You may want to act fast, as these deals expire on December 2, 2024.
Jeep, another Stellantis brand, launched lease prices at just $599 per month for its first luxury electric SUV last week, the Wagoneer S. Jeep’s electric Wagoneer is also available with 0% financing.
During the first three quarters of 2024, renewables increased their output by almost 9% year-over-year, and solar is still leading the charge, reports the US Energy Information Administration (EIA).
Solar’s massive growth
According to the EIA’s “Electric Power Monthly” report, which includes data through September 2024, solar power generation (including both utility-scale and rooftop installations) shot up by 25.9% compared to the first nine months of 2023.
Utility-scale solar grew even faster – up 30.1% – while small-scale solar (mostly rooftop) increased by 16.2%. Combined, solar contributed more than 7% of the total electricity generated in the US so far this year.
Zooming in on September, utility-scale solar generation grew by a whopping 29% compared to September 2023, and rooftop solar climbed by 14.2%. Combined, solar generated 7.5% of the nation’s electricity that month.
Small-scale solar made up nearly 30% of all solar generation from January to September and provided 2% of the country’s electricity. Interestingly, small-scale solar is now producing almost double the electricity of utility-scale biomass, and over five times that of either geothermal or petroleum-based power.
Wind and renewables mix
Wind power also saw strong growth so far this year. From January to September, wind output was up 6.6% compared to last year. Wind still holds the top spot among renewables, making up 9.9% of US electricity generation in the first nine months of 2024.
The combined contribution of wind and solar provided 17% of the US’s electricity for the first three-quarters of 2024. Altogether, renewables – including wind, solar, hydropower, biomass, and geothermal – supplied 24% of US electricity in that period, compared to 22.8% during the same time last year.
The numbers show that renewables are growing much faster than traditional energy sources. For example, in the first nine months of 2024, renewables grew by 8.6%, which is more than double the growth rate of natural gas (4.1%) and almost seven times that of nuclear (1.3%). Even in September alone, renewable power generation was up 7.9% compared to September 2023, making up 21.3% of total electricity generation that month.
Other notable trends
From January to September, wind generated 76.4% more electricity than hydropower, and solar surpassed hydropower by 27.2%. In September alone, wind and solar produced 73.5% and 65.9% more electricity, respectively, than hydropower, due to drought conditions, particularly in the Pacific Northwest.
For the first nine months of 2024, wind and solar together produced 14.5% more electricity than coal and came close to catching up with nuclear power’s share of electricity generation (17% compared to nuclear’s 17.6%). This growth has solidified renewables’ place as the second-largest source of electricity generation in the US, behind natural gas.
Ken Bossong, executive director of the SUN DAY Campaign, which reviewed the EIA’s data, put it simply: “Renewable energy sources now account for a quarter of the nation’s electricity. Any attempt by the incoming Trump Administration to undermine renewables would have serious negative impacts on both the country’s electricity supply and the economy.”
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