Posted on 03/03/2019 5:13:53 PM PST by 2ndDivisionVet
Lucid Motors, a Silicon Valley start-up that is gearing up to launch an advanced electric luxury car, said that it has struck a preliminary deal with Electrify America to provide its future customers with a nationwide recharging plan.
This is an important deal. Tesla's (NASDAQ:TSLA) Supercharger network has given it a big advantage in winning buyers away from internal-combustion alternatives. Any company looking to challenge Tesla will be at a disadvantage unless it can also provide its buyers with assurance that they'll be able to access high-speed chargers on road trips.
Lucid isn't yet public, but it just won a $1 billion investment from Saudi Arabia's sovereign wealth fund, enough to get its first vehicle into production. That investment put Lucid on a lot of investors' radar screens. If you're one of those investors, here's what you need to know about this deal.
Who is behind Electrify America?
Remember back in 2016, when Volkswagen (NASDAQOTH:VWAGY) agreed to a $15.3 billion settlement of a slew of civil claims related to its diesel-emissions cheating scandal? As part of that settlement, VW agreed to invest $2 billion over 10 years in zero-emissions vehicle (ZEV) infrastructure, access, and awareness initiatives in the U.S. Importantly, VW agreed that those investments would be brand-neutral -- not keyed to its own products -- in an effort to support wider adoption of ZEVs generally.
Electric cars are a fad; they’ve were around since the 1900s. Wind and solar power will not feed them. That’s only 6% of America’s total power output.
My 2019 Jeep Trackhawk 392 supercharged Hemi 707hp isn’t buying electric power. It wants 92oct GAS.
Eff the Greenie azzholes.
If you’re a true believer, you get your juice from Solar City panels connected to your Tesla Powerwall.
If it all works out, the investment will pay off by the time your grandkids go on Social Security
” 0 to 60 in 3.5 seconds “
On a congested Kali roadway? Why?
A Tesla would blow the doors off your hemi.
Kevmo was banned for tugging on Superman’s cape.
Some fad. Been around for 120 years and thousands more hitting the streets every week.
That reminds me of Lincoln telling his people to find out what Grant drinks, and then send barrels of it to all his generals.
0-60 is fun, but 60-90 is where it’s at to pass the left lane campers.
CodeToad ~ On a congested Kali roadway? Why?
To cut in front of the guy in the next lane who left a car length and a half gap, DUH!
Harbor Freight will have it first and at a third of the Home Depot price.
LOL that place is amazing.
I’ve bought some of those 99 dollar 6.5hp engines for go karts, they’re really good. The Chinese cribbed the Honda so carefully the parts mostly interchange.
My bad.
I might have to get one to drive something for a video project in an attempt to make some money with mediocre stock footage.
Noise isn’t a concern.
I need a steady drive to run a vintage mechanical item. Speed isn’t a big deal either.
Tesla made a lot of its patents public domain. Logically, it should have made the supercharger patents, if there are any, public domain, as that would be one of the big hurdles to acceptance of electric cars. Why is this necessary?
Make a small utility pick up truck, give it a 350 mile range, strip it down from all the bells and whistles, and then go do fleet sales to cities, utilities, etc. You’d likely have customers lining up around the block - and this is a sales formula that works, the same one utilized by the hybrid industry as they were coming into the market.
Your problem is selling against hybrids, LPG and fuel cells - your advantage is being able to say ‘near zero maintenance.’
” If you’re a true believer, you get your juice from Solar City panels connected to your Tesla Powerwall. “
In other words: “If you’re a millennial Druid ...”
There is nothing ZEV about electric cars no matter who makes them. They just shift the pollution and energy use to different places in the timeline of production. There are some very good arguments that EVs are more polluting than IC vehicles.
Yeah dude, you go ahead invest big time (without the subsidies).
*shrug* I learned to drive in L.A.
Where else can you earn a black belt in driving?
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