Posted on 10/12/2019 8:44:51 AM PDT by DUMBGRUNT
Inventor James Dyson shows electric cars are too easy to make. Thats why his US$2.5 billion project was doomed to fail
Dyson has now abandoned its £2 billion plan to branch out and take on the likes of Tesla and Volkswagen Whereas cars with a combustion engine need about 30,000 components, an electric vehicle needs just 11,000 parts, according to Goldman Sachs
Dozens of start-ups have entered the fray over the past few years, from Tesla and Lucid Motors in the US, to Byton and NIO in China. Since 2011, electric vehicle start-ups have raised US$18 billion in funding, and announced 43 models and the capacity to make 3.9 million vehicles a year, according to Bloomberg New Energy Finance. Thats a lot of competition.
Volkswagen alone has announced plans to invest US$52 billion in electrification as it targets production of at least 2 million electric vehicles a year by 2025. Its existing network of dealerships in 153 countries will make it considerably easier to sell those cars.
Others are struggling. Shares in NIO, a Shanghai-based firm backed by Tencent and Baidu, have fallen 86 per cent from a post-IPO peak last year as its losses have deepened. Faraday Future, a Chinese-backed, US-based rival, teetered on the brink of insolvency before clawing itself back from the edge.
Better to concentrate resources on his core competencies. A failure at a later date would have been much more painful, and potentially ruinous.
(Excerpt) Read more at scmp.com ...
I have a chart and everything.
A chartist, eh?
Extra caution with the bear traps and the dreaded bull traps!!!
Triple tops! That can make you a small fortune!!!
(If you start with a LARGE fortune!!!)
"High quality and technical excellence" are brand image perceptions, and do not necessarily reflect actual capability of a producer. High cost is often perceived as high quality when it may not be true. There are many low cost producers who exceed the quality and technical excellence of the high cost producers. In fact, that's likely more true than it is not.
Elon Musk is a great miner. He has learned to mine the public treasuries for direct taxpayer subsidies for his products better than most American industrialists ever have. Without them his whole business model is a failure. When they end - the subsidies, he will be out of business.
The main driver of EVs in the US today is government mandated fuel economy standards. The only to meet them is with EVs. Down the road, though, there is simply not enough electrical production and distribution to charge the batteries in large numbers of EVs. Unless there are major increases in nuclear powerplants, most future EVs will lie along the side of the roads with dead batteries (along side the dead birds from failing wind turbines).
Electric vehicles are great for many applications and will be good to have in the marketplace. Hopefully I will have one in the future. That said, the death of the combustion engine is greatly exaggerated.
In this instance, Dyson’s plans relied on several major innovations, including a fast-charging solid state lithium battery. This key technology though resisted commercialization, which deprived Dyson of a projected advantage in the marketplace.
Triple tops.
but sometimes a stock or future DOES bust through on the 4th or 5th or even 6th time.
then off to the races!! :)
Down the road, though, there is simply not enough electrical production and distribution to charge the batteries in large numbers of EVs.
There may be some substations where that is a true statement.
Peak usage is typically twice the average daytime use, daytime use is twice nighttime usage.
Also, intelligent charging stations to utilize off-peak rates for fleets.
Bezos will NOT be charging his new 10,000 Rivian trucks during premium rate hours.
Typical US car is driven 30 miles a day, not a big charge.
I think my daughter’s fancy hairdryer uses more juice!
https://newsroom.aaa.com/2015/04/new-study-reveals-much-motorists-drive/
There is no way Id buy one of his cars.
The last Dyson Animal vacuum I bought has one of the worlds most powerful motors! Its truly amazing!
Unfortunately, it is attached to a poorly constructed, lightweight frame thats barely capable of handling the worlds weakest motor, not the most powerful.
Its sorta like a 426 Hemi stuffed into a Yugo. It was amazing for as long as it lasted, which was not long.
Dyson should go back to his roots and try making quality vacuums again.
If he and his company can show me they can manage the small stuff, I might trust them with something bigger.
Until then, Im waiting on customer service for parts ...
You need some serious re-education. The typical household in the US uses about 1100 kWh of electricity annually. There are roughly 2 cars per household, meaning the households use about 550 kWh per car. The typical EV gets less than three miles per kWh. At 15,000 miles per year, the 2 EVs would consume over 1000 kWh, the same power that the average US household consumes today.
This means that electrical production AND DISTRIBUTION needs to double just to power household EVs. I can assure that your daughter's fancy hair dryer doesn't double the electrical usage of your household.
They were told there would be no math.
You need some serious re-education.
Probably a true statement, but it has been called to my attention that I may not be much of a fast learner, if I recall correctly they used the word ‘slow’.
That said, please check your ciphering, show your work and cite your sources.
“The typical household in the US uses about 1100 kWh of electricity annually.”
It appears that you are off by a factor of 10???
How much electricity does an American home use?
In 2018, the average annual electricity consumption for a U.S. residential utility customer was 10,972 kilowatthours (kWh), an average of about 914 kWh per month. Tennessee had the highest annual electricity consumption at 15,394 kWh per residential customer, and Hawaii had the lowest at 6,213 kWh per residential customer.
https://www.eia.gov/tools/faqs/faq.php?id=97&;t=3
You’re right, I missed a zero in my annual household electric usage numbers, but I missed the same zero in the annual EV usage. The two cancel, and the conclusion is the same.
and the conclusion is the same...
Barbie says, ’math class is tough,’
As previously cited the US average is 30 miles/day.
There are roughly 2 cars per household=60 miles per day.
The typical EV gets less than three miles per kWh./ 3 * 60 = 180 kWh.
” meaning the households use about 550 kWh per car.”
Not the >1000 kWh for two cars that you claimed????...
Have you dropped your calculator lately?
Batteries ok?
Maybe it has too many functions and you lost track of the process?
You probably never cared for RPN so it is time to move on to a newer calculator.
you divide by 3, you don’t multiply. Yes, I liked RPN, those darn Poles really know how to notate in reverse. Too bad calculators don’t use it any more.
I do like his Spheres though.
They were too fragile. Just like his vacuum cleaners.
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