Earlier quoted context omitted.
You can find the growth charts here: https://home.treasury.gov/news/featured-stories/unpacking-th... but these charts/analysis come from the White House so they are going to be a bit biased (how much is proposed vs real, etc). I don't really see the value in debating the details of the policies as it's pretty clear Trump made rebuilding industry his #1 message, which was later co-opted by Biden in the 2nd election. T…
Those charts seem to indicate a spike after the CHIPS act was passed, rather than when it was proposed by the two bipartisan US senators in 2019. > I don't really see the value in debating the details of the policies > Trump made rebuilding industry his #1 message Not debating policy. I don't see the evidence that Trump is linked to the CHIPS act. While that might be his message (as you claim), the evidence of him do…
Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
271–280 of 286 posts
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#272Earlier quoted context omitted.
Correct. Toyota's bet is simple: what makes rational economic, environmental, and good-policy sense for most locales is not an EV. It's a hybrid. And it's a bet that's working well so far: https://fortune.com/asia/2023/12/28/toyota-hybrid-cars-sales...
yet they refuse to build hybrids in large numbers. RAV4 primes and Prius primes are insanely difficult to get at or near MSRP. Toyota is saying that Hybrids make the most sense, but still use hybrid as an upsell for a higher trim, and thus only makes a fraction of their cars as hybrids. If >50% of their vehicles were hybrids, i'd be ecstatic and would agree with them, but currently it's just whataboutism and misdirec…
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#273Earlier quoted context omitted.
I can't find any mentions of hybrids nor plugins in actual executive order: https://www.gov.ca.gov/wp-content/uploads/2020/09/9.23.20-EO... it just says: zero emission, and hybrids are obviously not
that is the exact same language used for the canadian law. "zero emission" includes hybrid https://ww2.arb.ca.gov/resources/documents/cars-and-light-tr...
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#274Earlier quoted context omitted.
This is an article about a single factory - Toyota spends upwards of $30 billion a year in CapEx -- Tesla spends under $10 billion per year. Toyota's battery complex in North Carolina is a greater spend than the entire annual budget from Tesla and will have about the same output as Tesla's "gigafactory". The $1.3 billion in Kentucky is in addition to that.. it's a mistake to think they're not investing heavily. https…
I would imagine the catch up is not in the form of a factory, but with raw material supply chain. Tesla would've locked in cheaper lithium supply than toyota.
Here's one article from 2018 where they secured 100% of the sales rights to an Argentinian lithium mine that is equivalent to all of the lithium Tesla used worldwide in 2021.
https://www.toyota-tsusho.com/english/about/project/04.html
It's actually inconceivable to me how Musk & Tesla were able to launch a new auto manufacturer, especially with a novel drivetrain. The amount of things that had to go right, the number of decisions they had to make, the number of supplier agreements and sales agreements are a massive, monumental lift. The world is a better place for Tesla existing and for proving the market for electric cars.
However...
People massively underestimate the amount of money the big OEMs can throw at these problems. Toyota Group has an entirely separate mining and materials company with as much annual revenue as Tesla's entire org: https://www.toyota-tsusho.com/english/ir/library/integrated-...
Tesla has ~$100 billion in assets, Toyota has >5x that. I hope Musk settles down with his silly time-wasting edgelord nonsense on Twitter and focuses on Tesla and SpaceX - with more of a steady hand and a singular focus on EVs, I think they could be the largest manufacturer in the world but they're not there yet and a slightly cheaper lithium supply isn't the unique advantage that's going to get them there.
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#275Earlier quoted context omitted.
> I dont quite understand why the sales of EVs in the US is considered to have flattened out according to some statistics. Politics. Some people want it to be true, so they conflate an easing of the growth rate as an actual rate reduction. It could also be innocent ignorance of statistics. The real hang up with EVs right now is primarily price. They're just reaching the point where TCO is a wash. Historically, most p…
> But for those who can access sub-10 cent per kWh pricing I think you need a blend of solar for that https://www.energybot.com/electricity-rates/ The cheapest in the country is $0.1122/kWh in Utah. The average is $0.17/kWh
That is demonstrably not true. That tool is reporting "average rates" for each state and excluding time-of-use. E.g. I pay 4.7 cents/kWh inclusive of all grid fees, but only after 9pm. It's trivial to schedule charging for an EV so it happens when you sleep.
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#276Earlier quoted context omitted.
hydrogen was the right bet for trucks and buses. they are planning hide infrastructure in Asia. the world is not only southern California and Sweden.
I’m willing to bet hydrogen was the wrong bet for busses too, esp in Asia given the explosion of BEV tech and production coming out of china.
it's as disconnected as building roads and selling aluminum if you have bauxite ore.
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#277Earlier quoted context omitted.
I don't really follow what you're trying to say with your last sentence and I'd be skeptical of a claim that Chinese workers are 30% more efficient, but Toyota, Honda, Nissan, and others have maintained US manufacturing facilities for decades and seem to be doing just fine with any potential culture conflicts. The 30% number you cite could be true but perhaps in order for Chinese (or any other country) manufacturing…
> claim that Chinese workers are 30% more efficient I was just quoting what the documentary said. There was so much contention between the management and the workers in the American glass factory featured in the documentary. In the end, the management hosted a competition between the American workers and the Chinese workers. Chinese workers won with a big margin.
Showing that the Chinese workers won by a big margin doesn't prove anything. It definitely doesn't prove anything outside of that specific scenario.
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#278Similarly, Hyundai building $8bn battery plant outside Savannah, Georgia: https://apnews.com/article/hyundai-georgia-electric-vehicle-...
At least Hyundai hasn't been faking emissions tests like Toyota. https://www.reuters.com/business/autos-transportation/commit... Not to mention spending a lot on lobbying against clean air regulations aroun the world https://thedriven.io/2023/05/11/toyota-under-fire-for-anti-c...
Not to devil's advocate, but it's tough to prove a negative. All we can say for sure is that they've not been caught yet.
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#279Earlier quoted context omitted.
I do believe that Tesla's success in the last decade was in large part due to the fact it was the only technology company that could use all the money people were throwing at technology companies.
Ummmm you might want to compare debt of VW, Toyota and Tesla
Re: Toyota to invest $1.3B in Kentucky factory to build battery packs and new EV
#280Earlier quoted context omitted.
> But for those who can access sub-10 cent per kWh pricing I think you need a blend of solar for that https://www.energybot.com/electricity-rates/ The cheapest in the country is $0.1122/kWh in Utah. The average is $0.17/kWh
> The cheapest in the country is $0.1122/kWh in Utah That is demonstrably not true. That tool is reporting "average rates" for each state and excluding time-of-use. E.g. I pay 4.7 cents/kWh inclusive of all grid fees, but only after 9pm. It's trivial to schedule charging for an EV so it happens when you sleep.
What do you pay before 9pm?