They're going public

They're going public

November 04, 2021

 November 4, 2021  

Ford

Want a vintage Ford truck, but electric? Well, your dreams may come true. This week, Ford introduced the ability to buy its Eluminator motor to replace the old combustion engines in some of their vintage vehicles. The kit is from the Mustang Mach-E GT Performance and puts out 480 hp and 634lb/ft of torque. Right now, you can get the motor for $3,900, and eventually Ford hopes to sell everything to retrofit your classics.  

Happy Thursday and Congrats to Tal B! You are gonna stay warm this fall/winter in your Tesla hoodie. Be on the lookout for an email from us.To everyone else, we'll have another giveaway soon. Don't forget to click the link below and share this newsletter. Enjoy the Newsletter and have a great rest of your week.

EV Headlines

It's About to be Public

Rivian

Rivian is going public and it may be as early as next week. Rivian Automotive is targeting a market valuation of as much as $54.6 billion in its upcoming IPO. If you pre-ordered a Rivian, you may have the ability to purchase pre-ipo stock. A close source of ours confirmed this and said he was limited to 175 shares. This is not financial advice, but I do have a link to Rivian driving across America.

In other EV News

  • In the period of July to September, electric vehicles accounted for 7% of the total number of vehicles registered with the Delhi government’s transport department, while CNG (Compressed Natural Gas) vehicles accounted for 6%. Since August 2020, EV registrations have gone from 1% to 7%. EV registration sales are definitely going up!

  • Introducing the bZ4X: Toyota’s first all-electric vehicle made for the global market. In a creative move by the company, the “bZ” stands for beyond zero, which is Toyota’s electrification strategy and a sub-brand for their anticipated lineup of EVs. One of the coolest features is the ability for bidirectional charging. That’ll come in handy during storm season.

  • Volkswagen debuted the ID.5this week. The new EV comes in 2 models, standard and GTX, with 3 trims and 3 powertrain options. This model will begin arriving in European markets next year. Unfortunately, there are no plans for a U.S. release at this time. Check out the premier video from VW.

  • President Biden, released the Build Back Better Act last week. The $1.85 trillion budget bill is the largest climate measure in American history and features an improvement to EV tax credits - the new credit would be $12,500 and refundable. This tax credit could also be available at the dealership and you don’t have to wait until you file taxes. Congress is currently battling over this bill.

  • Xpeng delivered 10,138 cars in the month of October, slightly lower from the 10,412 delivered cars in September. Even so, the delivery number represented a 233% year-on-year increase and second-straight month where Xpeng delivered more than 10,000 cars.

  • Among the favorite EV brands in China, one brand is from China, one from the US and one from Germany. The survey covered about 1,600 Chinese consumers with an average age of 32 and a monthly income of about $2,969. Chinese consumers’ top choice is BYD, then Tesla, with Volkswagen coming in third place.

Autonomous Corner

No Human Pilot?

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Autonomous technology in planes has been around since the early 1910s with the introduction of an autopilot system. In 2020, Airbus announced that it successfully designed and tested a completely autonomous takeoff system. ANSYS conducted a poll in 2019 which gathered that 70% of consumers were comfortable with flying in an autonomous plane in their lifetime, but the majority of which weren’t aware of the level of autonomous already involved in commercial flight. Commercial flights will get more and more autonomous features as tech evolves, but it’s unlikely that we’ll see a commercial flight without a human pilot. That doesn't mean we won’t have fully autonomous drones and military aircraft though...In other AV News

  • FedEx and autonomous technology company Neolix to test an autonomous delivery vehicle in China. This is the first time in its operations in China that FedEx has partnered with a local Chinese technology company to test the use of a driverless vehicle. The unmanned delivery vehicle is zero-emission, all-electric with L4 level autonomous technology.

  • Autonomous company HOMM has imagined a new way of getting around town - the HOMM Autonomous Experience Pod. The space inside the pod is entirely customizable and fitted with three wheels. The pod arrives with 5 presets - a kinetic tour, mobile party, multi-living, solitude or for work and adventure.

  • Australian scientists have developed cooperative perception (aka x-ray vision) for intelligent transport systems (ITS.) The disruptive technology allows AVs to track pedestrians that are hidden behind buildings or cyclists hidden by larger cars, trucks and buses. This system increases perception for AVs and allows the vehicles to see things they normally don’t.

  • South Korea-based autonomous transportation-as-a-service startup 42dot announced it has raised $88.5 million in a Series A round of funding to advance its urban mobility operating system. (UMOS)

Podcasts, Videos & More

Do the Crab Walk

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EPG works with clients in the electric and autonomous vehicle industry by providing staffing solutions.