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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

Morgan Stanley analyst Adam Jonas deemed Tesla and CATL the power couple that could recharge the United States electric vehicle (EV) market. In a note released earlier this week, Morgan Stanley writes that the United States is an under-penetrated EV market, whereas China is a fully-penetrated EV market.

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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

Long-range all-electric trucks like the Tesla Semi will not come cheap. With the Schumer-Manchin reconciliation bill or the Inflation Reduction Act of 2022 , vehicles like the Tesla Semi will have more than a fighting chance in the market. I really expect Tesla to raise prices on the Semi, its too cheap at this point.

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QOTD: What's Next for Cheap Cars?

The Truth About Cars

There are fewer cheap new cars on the market than ever, it seems, and the picture looks worse with the death of the Mitsubishi Mirage. These are usually not good cars -- I drove a rented Nissan Versa to upstate New York and back last summer and was quite happy to give the keys back -- but some people can only afford cheap cars.

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Cheap talk: Volkswagen to bed Renault in race to build sub-$30k EV | reports

EV Central

Created to be “affordable to the masses” it’s thought the new EV could be built on a new architecture that will slash costs further than cars based on the VW Group MEB, or the Renault’s CMF-EV architectures. An entry EV will also help prepare for the next wave of bargain-priced EVs that are already on sale in China.

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VW Commits to a Very Cheap EV – in Europe

The Truth About Cars

7 in this country, deferring to changing market dynamics as a reason for the move. Now, the brand is eagerly posting about the imminent introduction of a cheap-as-chips EV – in Europe. The post calls it a push towards entry-level mobility, setting standards for technology and design plus the obvious affordability factor.

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CalSEED awards $4.2M to early-stage clean energy innovations

Green Car Congress

Their goal is to test an innovative electrolyzer concept for the cheap production of green (CO 2 -free) hydrogen for a decarbonized future. The platform will have algorithms that analyze applicants’ creditworthiness and their eligibility for EV incentives in order to offer them the most affordable EV auto loan on the market.

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Maybe Tesla Didn't Cancel the Affordable EV After All, Or Did It?

The Truth About Cars

The will they, won’t they themes continue in 2024, as the automaker recently reversed its reported decision to nix affordable EV plans, though the flip appears related to less-than-stellar first-quarter performance. The previously reported cancellation of Tesla’s affordable EV also went out the door, at least on paper.