EV Batteries -- More Confusing Than Ever -- Now It's All About "Volts" -- November 23, 2024

Locator: 44397BATTERIES.

Updates

November 23, 2024: link here. Also here.

November 23, 2024: beyond confusing.

November 23, 2024: 300,000 GM EVs since 2016 -- let's put that in perspective:

• 15 million x 8 years = 120 million total cars and light trucks
• 300,000 / 120 million = 0.0025 = 0.25% -- that's one-fourth of one percent
• we should be a lot farther along that s-shaped curve
• and volume matters not; what matters: margin and profit.

November 23, 2024: batteries? More confusing than ever --

• Rivian, backtracking? Link here. And link here.
• See if you even understand what he is saying, and that's the theme for this weekend.
• EVs explained: and after reading that article, I still have no understanding of this issue.

Original Post 

October 22, 2024: GM, 3Q24 earnings --

Let's look at GM's EVs:

• CEO says company on track to meet 2024 EV production and profitability targets
• still expects to manufacture 200,000 EVs in 2024
• through the end of September, GM has sold about 70,000 EVs in US
• EV production and sales "don't match exactly."
• assumption: GM doesn't sell more EVs than it manufactures
• GM press release: 3Q24 -- another record quarter of EV sales;
• 32,095 EV delivered -- that's a record! Wow.
  
• total vehicle sales: 659,601 vehicles
• other sources:
• battery cost, about $100 / kWh earlier this year
• GM may be closer to $90 / kWh now (3Q24)
• goal to mid-$80 by next year ("by next year" = end 2024?)
• goal to low $70 "in a couple of years"
• ICE (GoogleAI):
• average cost of replacing an ICE engine: $2,500 - $5,000
• average cost of replacing an automatic transmission for an ICE: $2,500 - $5,000
• suggesting: GM cost for powertrain for an ICE is about $8,000, tops
• average GM kWH battery: