I think the price points right now are still substantially higher with certain models than compared to ICE. And so when you combine that with the interest rate environment we are in, that’s problematic. So that’s one thing that hurts the demand for EVs.

you got about 20% success rate of the charger being successful when you pull into it, which is pretty alarming when you think about it. So that reduces the confidence, still got the range anxiety.

Tony Facione: So I think that comes into play and we should watch that carefully, too. So ICE will continue to be a more prominent player in that market we think for a longer period of time.

Randall Seymore: Yeah. So look, like I said, a little bit challenging. What I think an interesting statistic is it, specific in the U.K., the market’s up, like we said, but retail is only up 2% and fleet’s really driving this and the BEVs are really coming through those fleet purchases as you get the tax incentive through the scheme they have in the U.K.

Many of these factors have been important since the early days of EV adoption. Government tail winds are stronger than ever with many nations and states announcing the outright banning of gasoline and diesel vehicle sales during the next two decades.Source

We believe that the consumer will adopt EVs faster than many experts are predicting and that as a result, the requirement for growth in EV charging infrastructure will be more urgent than is currently forecasted or contemplated.Source

We believe that consumers will adopt EVs faster than many experts are predicting and that as a result, the requirement for growth in EV charging infrastructure will be more urgent than is currently forecasted or contemplated.Source

Research reports indicate that the EV infrastructure market is expected to reach $224.8 Billion by 2032 which is a 27.5% compound annual growth rate (CAGR) between 2024 – 2032.Source

One is just the cost of the EV. And what we have seen is mostly OEMs have reduced their pricing by $10,000 per vehicle or so to try to stimulate the demand and really try to get market share because you're starting to see many more models come out.Source

the $7,500 tax credit per vehicle, which also then requires a certain percentage of the auto to be manufactured in America and/or the battery materials being sourced or manufacturer or some type of assembly in America.Source

it's going to be something different today, I would like to address one of the issues that has been brought up in the conversation with investors especially in the last two months, probably related to the future of the electric vehicle industry.Source

If we look at the models on the market, we have already reached performance levels much higher than what we expected a few years ago, ranges over 250 miles in many models, and we are even reaching the 70 to 100 rule that it's 100-mile fast chargers in as quick as seven minutes.Source

As demand grows, charging stations should follow quickly. It's not a very complex technology. It's fast charging, it’s really simple.Source

If we look at 10 years from now, I think that maybe for 2023, it's reasonable to think that more than 50% of new car sales worldwide should be EVs.Source

For the year end December 31, 2023, new battery EV sales in the United States were approximately 1.2 million, an increase of 44% compared to 2022, according to Cox Automotive.Source

According to forecasts from the United States Department of Transportation and Bloomberg New Energy Finance (“BNEF”), it is expected that approximately nine million EVs will be on roads in the U.S. by 2025, over 37 million EVs by 2030 and over 139 million EVs by 2040, which would represent approximately 59% of all motor vehicles in the U.S.Source

Despite some OEMs pulling back from their extraordinary ambitions over the past couple of years, commitments from OEMs towards investing in electric vehicles still represents over $400 billion.Source

Two years ago, the average BEV was around a third more expensive than the average ICE vehicle. And today, it is almost at parity without incentives according to Cox Automotive.Source

However, the inherent limitations of lithium-ion battery technology continue to impede improvements in EV competitiveness on range and charging times compared with ICE vehicles.Source

For EVs to be adopted at scale across market segments batteries need to improve. In particular, we believe there are five key requirements to drive broad adoption of EVs: • Battery capacity (energy density). EVs need to be able to drive over 300 miles on a single charge to be competitive with ICE vehicles and achieve broad market adoption.Source

We believe that a battery technology that can meet these requirements will enable an EV solution that is much more broadly competitive with ICE vehicles.Source

If the battery fades prematurely, EVs will not be an economically practical alternative.Source

my feeling is silicon carbide -- we've had a chance to sit in front of customers in Asia and Japan, Europe, US, there continues to be a ton of excitement around silicon carbide and not just in the EVs.

the bulk of electric vehicles and the big power conversion will all be modules. And so, when they go to modules, they have -- it's so much more cost-effective or even a must to do the wafer level burn-in of those before you put them into modules.

So you know it feels like to me that it's about, you know, a one year, to one-and-a-half year push out of most of those guys, and I believe it'll come back. The difference is I don't think anybody believes, no one's saying, oh, it's going to be 60% penetration by the end of the decade. They're back more to the 30% kind of number, which is a lot of systems for us.Source

I think it's, they're more towards silicon carbide than they were a year ago.Source