“CEO”
General Motors CEO virtue signaling how “clean” the new Chevy Volt is.
Then a reporter asks where the charging electricity comes from.
Oh my…. Wait for it.
Awkward. pic.twitter.com/wcMNhHVSK9
— Benny Johnson (@bennyjohnson) June 8, 2022
(Yes, it’s old, but it’s worth the reminder).
… the public transport operator (RATP) in Paris temporarily suspended on the use of 149 electric buses made by Bollore’s Bluebus brand after two of the vehicles caught fire.
The U.S. Securities and Exchange Commission said Jeff Carpoff and his wife Paulette promised investors who purchased solar generators made by DC Solar that they would profit from tax credits and lease payments from end-users of the generators.
But according to the SEC, most of the generators did not exist and most of the company’s revenue came from investor funds. The Carpoffs allegedly raised approximately $910 million from 17 investors between 2011 and 2018.
“In reality, the vast majority of investor funds was not being used to manufacture, place into service, and maintain the thousands of generators that DC Solar was using as the basis for investment contracts, but was instead being pilfered by defendants Jeff and Paulette Carpoff for their personal benefit,” the SEC said in a civil complaint.
We’ll all be RICH!, they said.
A class action lawsuit is being brought before a Quebec court alleging that the battery performance of the Chevrolet Bolt – 2017’s “Green Car of the Year” – isn’t as advertised.
As reported by Blacklock’s Reporter, General Motors boasted that the 2017 Chevrolet Bolt was able to drive up to 383 kilometers before needing to be charged. However, plaintiffs in the lawsuit are alleging that the vehicle’s range during winter before requiring a charge is a lot lower than advertised.
“The range of the Bolt electric vehicle does not even reach 300 kilometres,” they claim.
They also say that colder weather drastically increases the battery’s charging time and that General Motors was “(a)ware of this situation as early as 2017 but knowingly omitted to mention it to the plaintiff and other members of the class.”
They deserve to have the suit thrown out. Anyone who would pay $38K for a vehicle with an advertised three hours of highway range is an idiot.
There’s a massive power outage in Ottawa in the wake of yesterday’s storm.
Too bad we aren't all driving EVs.
Suckers standing in line in the rain.
Bells Corners "free" charging station. 🤣 A million dollars worth of Teslas with no place to go. pic.twitter.com/sREbS1g1FK— Will not go quietly. (@ennerut) May 22, 2022
That's enough to buy every person in Californa 509 AA batteries on Amazon.
— SentientBunnySuit🐰 (@SuitSentient) May 20, 2022
Just think of it as your summer convertible.
Toyota’s U.S. press release seems clear, or at least the fine print on it does: the all-new 2023 BZ4X AWD might not charge on a DC fast-charger if ambient temperatures are below 32 degrees Fahrenheit, or 0 degrees Celsius, in Canadian speak.
Your $50,000 summer convertible.
Via Ed Driscoll, who knows a great post title when he sees one.
There’s ZERO percent chance of reaching “Net Zero”.
[We] have a hundred-trillion-or-so dollar effort that under presidential directive must be fully up and running by 2035, with everybody’s light and heat and everything else dependent on success, and not only don’t we have any feasibility study or demonstration project, but we haven’t started the basic research yet, and the building where the basic research is to be conducted won’t be ready until 2025.
h/t Watcher
Automakers like General Motors and Ford have wowed Wall Street with flashy EV designs, technical prowess and plans to invest tens of billions of dollars. Yet they’ve literally put the cart before the horse: the lithium batteries needed to power the electric vehicle revolution.
Now investors are starting to say: “Show me the metal.” Among many key materials, lithium is the most indispensable.
Traditional automakers have hastily announced plans to build 13 lithium-ion battery plants in the U.S. by mid-decade. The planned ramp of EV production will triple demand for the light, silvery white metal by 2025. Yet supplies of lithium have little chance of keeping up.
Growing doubts about aggressive EV targets have contributed to a dive in General Motors (GM) and Ford Motor (F), along with shares of upstarts like Rivian and Lucid. Meanwhile, unquenchable demand and soaring prices have sent EV materials stocks including Albemarle (ALB), Lithium Americas Corp. (LAC) , MP Materials (MP) and Sociedad Quimica y Minera de Chile (SQM) on a wild ride.
It’s probably a bad idea to let environmentalists do your energy planning…
Buried in the hoopla regarding the latest EV component plant being constructed in Ontario is one minor detail. Minor, that is, to everyone except those taxpayers who are going to receive the invoice. Not only is Ford not concerned about that, but he seems to believe that the bigger the subsidy invoice, the louder he can trumpet the news.
“I know between Ontario and Canada, we’re putting in hundreds of millions of dollars,” Ontario Premier Doug Ford said at a press conference on Wednesday morning. “I can’t divulge (how much), that would compromise negotiations with other companies going forward, but massive investment, hundreds of millions of dollars.”
“Chinese companies, particularly CATL, have secured vast supplies of the raw materials that go inside the batteries,” The New York Times reported in December. “That dominance has stirred fears in Washington that Detroit could someday be rendered obsolete, and that Beijing could control American driving in the 21st century the way that oil-producing nations sometimes could in the 20th.”
By increasing our use of electric cars, the United States will require more lithium batteries and will further rely on China to sustain our supply. While the current energy crisis could be an opportunity for America to increase our energy independence, the current administration refuses to take advantage.
As The Federalist’s Tristan Justice reported in August, Biden’s electric vehicle plan “is a big win for Beijing.” Despite our capability to become independent and profit from American-made energy, Biden has no plans to trump China’s mass energy production, even as China continues to flaunt the rigid “green” standards that hold our own producers back.
Funny that Biden would do that.
If the cost of hydroelectricity was the advantage that it is typically claimed to be, Manitoba would have become the manufacturing hub of Canada decades ago. The fact that this never happened has not dissuaded journalists from promoting green energy bromides by focusing on the cost of just one input among thousands.
Setting aside the hoopla, even the allegedly low cost of that input cannot offset a lot of other hurdles without a big infusion of tax dollars:
As both provinces look to woo automakers and battery makers with financial incentives and subsidies, the situation may raise a new quandary for Canada. In their zeal to grab a piece of the burgeoning EV supply chain, will Quebec and Ontario end up competing against one another in a race to the bottom, in which all the purported benefits of industry, from jobs to tax revenue, fly out the window as companies secure lucrative deals?
https://twitter.com/QuickDickMcDick/status/1502127477937737733
BP’s decision to dump Rosneft stock will cost it up to $25 billion
Following days of intense pressure from the U.K. government, UK energy giant BP Plc said it will exit its 19.75% stake in Russian oil company Rosneft, a dramatic reversal after Russia’s invasion of Ukraine as Western nations are trying to inflict as much economic pain as possible on Moscow. BP had held its stake in Rosneft since 2013. BP is Rosneft’s biggest private shareholder, according to the Russian company.
Additionally, BP chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. The other Rosneft director nominated by BP, former BP group chief executive Bob Dudley, is similarly resigning from the board.
Via reader and industry insider Adrian;
Honest you could not make this shit up.
I wonder how those of my old colleagues feel about their BP pension being a play thing for children. There will be only one winner and one long term loser, actually a loser now, in the future and forever.
Utter utter madness.
I have said it for years Russian plays the long game, Russia will continue to dominate as the supplier of Hydrocarbons and she will reap the rewards and get to say exactly what she wants. I remember the Russian contingency being asked how low the price of oil needed to get before Russia stopped producing. The answer was it can get to $1/Bbl and we will still be producing and selling. That is how you obtain and keep a monopoly. The west is no longer a serious proposition.
Oil, gas, aluminum, copper, nickel, and cobalt: Russia’s SWIFT Ban Could Send Shockwaves Through Oil And Commodity Markets”
Hyundai and Kia are recalling nearly half a million vehicles in the U.S. over a fire risk.
The issue is deemed so serious that the automakers are telling affected owners to park their vehicle outside and away from buildings until a repair has been carried out.
The problem centers on a component inside the antilock braking system (ABS) that could short-circuit and cause a fire.
Hyundai, which owns 34% of Kia, has yet to work out the cause.
h/t roaddog
All the kilojoules came out at once.
h/t Antonio
