Market Moves: Electric Vehicles - Jul 7th, 2023
 
 
Also: a record-breaking loan, a bankruptcy, and EV repair tips.
Market Moves: Electric Vehicles | View online
 
From the Editor

Hello and welcome back to Market Moves Electric Vehicles, Endeavor Business Media's monthly look at everything EVs. This month the focus is squarely on charging infrastructure: adoption of Tesla's NACS system is heating up, a federal joint office intends to standardize some charger aspects, and a J.D. Power study reveals Americans are more ready than ever to purchase an EV. Despite the progress, though, some still aren't convinced the country's infrastructure is ready.

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Top Story
The loan would be the largest in the history of the Advanced Technology Vehicles Manufacturing program, U.S. officials said.
From IndustryWeek
https://img.industryweek.com/files/base/ebm/industryweek/image/2023/06/16x9/Lordstown_Motors_endurance925.649b056815d44.png?auto=format%2Ccompress&w=320
The company is also suing its former partner Foxconn for breach of contract.
https://img.industryweek.com/files/base/ebm/industryweek/image/2023/06/16x9/Rivian_Amazon_EDV_07.64927aae7d7f2.png?auto=format%2Ccompress&w=320
The electric truck start-up is following in the footsteps of Ford and GM’s decisions to begin using the charging network and integrating Tesla’s port into future vehicles.
Sponsored

With over a decade of experience—and more than 26,000 charging ports installed—ABM is the leading commercial installer of EV chargers in the U.S.

From EC&M
https://img.ecmweb.com/files/base/ebm/ecmweb/image/2023/06/16x9/dreamstime_m_49229714.64807bc60625c.png?auto=format%2Ccompress&w=320
Electric vehicles (EVs) took off across the entire United States in 2022, with public interest at an all-time high. With this demand comes an increased interest in available rebates and incentives for installing charging stations for these EVs.
Sponsored

Test type 1, level 1 or level 2 electric vehicle ac charging stations with the Fluke FEV100. Verify an EVSE is working properly after install and during periodic maintenance or troubleshoot an EVSE if it is not delivering the appropriate charge.

From T&D World
https://img.tdworld.com/files/base/ebm/tdworld/image/2023/06/16x9/GettyImages_1386755199.64920984b40ee.png?auto=format%2Ccompress&w=320
This year's J.D. Power study reveals that 26% of shoppers say they are “very likely” to consider purchasing an EV, up from 24% a year ago, but 49% of those who reject the idea cite a lack of charging station availability.
From FleetOwner
https://img.fleetowner.com/files/base/ebm/fleetowner/image/2023/06/16x9/Loves_truck_stop_EV_chargers.649d7882497c3.png?auto=format%2Ccompress&w=320
Biden’s NEVI Program applications are opening state-by-state. What do we know about this potential national network of 500,000 EV chargers—and what comes next for trucking and consumers?
From Electronic Design
https://img.electronicdesign.com/files/base/ebm/electronicdesign/image/2023/06/Charge_X_figure_1_promo.6492fa3ae505b.png?auto=format%2Ccompress&w=320
The EV industry's new top priority is improving the U.S. charging experience through collaboration. To that end, the Joint Office of Energy and Transportation has funded a team from three national labs to lead its ChargeX Consortium.
From Fender Bender
https://img.fenderbender.com/files/base/ebm/fenderbender/image/2023/06/pexels_mike_b_110844.647f601f206e3.png?auto=format%2Ccompress&w=320
Working on EVs and hybrids requires a unique set of skills different than those needed on ICEs. Make sure your shop and techs are prepared for them.

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