Elon Musk announced that Tesla’s engineering team had turned its focus on a next-generation electric car platform that will be half the price of the Model 3/Y platform.
For years now, Tesla has been talking about making cheaper electric vehicles, but inflation and high demand for electric cars have led to prices going up instead.
The CEO even suggested that cheaper electric vehicles might not be in Tesla’s plans anymore due to self-driving having a bigger impact on cost per mile.
During the conference call that followed the release of Tesla’s Q3 2022 financial results, Musk confirmed that it is still in the plans and that Tesla has shifted its engineering power to developing the next-generation EV platform that will enable cheaper electric cars:
It’s the primary focus of our new vehicle development team, obviously. At this point, we are done with the engineering for Cybertrucks and for Semi. So, it’s obviously what we’re working on, the next-generation vehicle, which will be probably be about half the cost of the 3 and Y platform. It will be smaller, to be clear.
It sounds like a smaller Tesla vehicle platform that will enable electric cars between $25,000 and $35,000 is in development.
Musk added that this new platform aims to produce more volume than “all of Tesla’s other vehicles combined.”
He added:
Obviously, we’re going to take everything we learned from S, X, 3, Y, Cybertruck and Semi into that platform. But we are on a 2-for-1 target. We’re trying to get to that 50% [of cost] number again.
The CEO believes that Tesla’s next-gen vehicle platform is going to be able to produce electric cars for half the cost, labor, and factory space that it takes to produce a Model 3, which currently starts at $47,000.
Electrek’s Take
Glad that we get a confirmation that cheaper electric cars are back in the cards for Tesla, though we should take the cost predictions with a grain of salt since Tesla doesn’t have a great track record on that.
The Model 3 was supposed to start at $35,000, which it only briefly did and that was before the inflation crisis, and the Model S was supposed to start $50,000, which it also briefly did but with a software-locked version that was quickly discontinued.
Therefore, I am not putting that much weight into the cost predictions, but if the goal is cheaper mass production of smaller electric cars, Tesla will certainly end up with a platform that enables smaller and cheaper electric cars, which will increase the EV market.
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Echoing the words of hydrogen critics everywhere, Mahle Chairman Arnd Franz says that building out a hydrogen infrastructure won’t be possible without “blue” H made from fossil fuels.
With that in mind, I don’t want to misrepresent the words of the esteemed Mr. Franz, who claims to be bullish on H’s prospects as a fuel. What I intend to do here, then, is shine a light on the space between Franz’ lines, read whatever’s in there, and then ask if you see what I see.
“We can’t achieve any CO2 emission reductions if you use natural gas or any other fossil sources to produce hydrogen,” Franz is quoted saying. “Today, the overwhelming portion of hydrogen production worldwide is around 90 million tons. That number is going to go up to 130 million tons until 2030. Currently, we have a flourishing and growing portion of that being more sustainable. By more sustainable, I mean blue and, eventually, green hydrogen. In our opinion, [blue hydrogen production is needed] to get the infrastructure going in order to get the ecosystem.”
I read that as saying that, today, there are no carbon emissions reduction benefits from using hydrogen as a fuel, because the overwhelming majority of those 90 million tons is being produced by natural gas and fossil fuels.
What’s more, everyone involved seems to trying to justify that with claims that fossil-generated hydrogen is some kind of “necessary evil” (my words) to build out a viable H ecosystem. See if you hear it, too.
“We will fail [with hydrogen technology] if we don’t use blue hydrogen,” Franz clarified. “Right now, hydrogen is produced from fossil sources with carbon capture, meaning we don’t let the carbon reach the atmosphere. Eventually, we need to get to wind and solar as the sources of energy to make hydrogen, and we believe the US has a really impressive program [thanks to] subsidies from the Inflation Reduction Act.”
He was right then, and he’s still right now. “It’s one thing to have the technology and another thing for the technology to be viable,” Vlaskamp told the magazine Expansión (translated from Spanish). “Green hydrogen is not available for transportation and there is no point in switching from diesel to hydrogen if the energy source is not sustainable.”
The UAW union’s Stellantis Council met yesterday to discuss the beleaguered carmaker’s “ongoing failure” to honor the agreement that ended the 2023 labor strike, and their latest union memo doesn’t pull many punches.
In an email sent out by the UAW earlier today (received at 4:55PM CST), UAW President Shawn Fain wrote, “For years, the company picked us off plant-by-plant and we lacked the will and the means to fight back. Today is different. Because we stood together and demanded the right to strike over job security—product commitment—we have the tools to fight back and win … We unanimously recommend to the membership that every UAW worker at Stellantis prepare for a fight, and we all get ready to vote YES to authorize a strike at Stellantis.”
Kia promises the new EV9 GT will have “enormous power,” but that’s not all. For the first time, the Kia EV9 GT was caught with an active spoiler, giving us a sneak peek at potential new upgrades.
The brand’s first three-row electric SUV is already making its presence known in the US, helping push Kia to back-to-back record sales months. Meanwhile, a more powerful, sporty variant is on the way.
Kia confirmed the EV9 GT will top off the electric SUV’s lineup in April. Packing “enormous power,” the high-performance GT model can accelerate from 0 to 62 mph (0 to 100 km/h) in 4 secs.
With a “high-output” dual-motor (AWD) system, the EV9 GT can quickly pick up speed despite weighing over 5,000 lbs.
Kia also equipped it with other high-performance features, such as a reinforced suspension and electronic braking system, for better control and stability.
We’ve already caught a glimpse of the performance electric SUV out testing, revealing aggressive new bumpers and wheels. Now, a new design feature has been spotted.
Kia EV9 GT could come with an active rear spoiler
The latest video from HealerTV shows the EV9 GT with what appears to be an active spoiler. As the reporter noted, it could be similar to the one spotted on the Genesis GV70 Magma.
Tesla’s Model X also used to come with an active spoiler until it was dropped a few years back. Although the GT model was spotted with one, Kia could just be testing new features, so don’t get too excited yet.
Earlier this week, a video from HealerTV showed the front row of the EV9 GT, comparing it to the current GT-Line model.
Several differences can be immediately noticed, including a more aggressive, all-black design with a yellow stripe down the center of the seat.
Kia is set to launch the EV9 GT in early 2025. It will rival other performance SUVs like the Tesla Model X Plaid.
Although prices have yet to be confirmed, the GT model is expected to sit above the current GT-Line at $73,900. In comparison, Tesla’s Model X Plaid starts at $94,990 and can sprint from 0 to 60 mph in 2.5 secs.
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