2022 is going to be a massive year for the electric vehicle industry. Global giants, Sony and Honda announced on March 4, 2022 that they will team up to develop and sell electric vehicles. They’ve also invited other automobile companies to join their project. With the aim of launching their first product in 2025, the two companies have divided responsibilities to streamline the process.
Joint venture of automobile innovation
Kenichiro Yoshida, Sony CEO, said that in this venture they would like to lead the mobility evolution by combining their technology and experience with Honda’s long experience in mobility development and vehicle body manufacturing technologies.
During the press conference, which was held in Tokyo, Japan, Toshihiro Mibe, Honda CEO, said that they don’t plan to take this venture public anytime soon but are open to that idea. This partnership comes at the exact time Honda has been under pressure for developing carbon-free automobiles. Sony, on the other hand, wants to transform into an important player in next generation vehicles. While they didn’t reveal any financial data, they promised that their product will be equipped with features beyond the traditional ones offered today.
This announcement comes weeks after Sony announced that they’re forming a new company, Sony Mobility, to enter the EV market. They also released the prototype for their very first SUV, VISION-S 02.
Other tech companies expanding into the EV industry
Baidu and Xiaomi, two major Chinese technology companies, announced recently that they’ve formed an electric vehicle brand as well. Xiaomi announced they’ll be investing $10 billion over the next 10 years in their company, Xiaomi EV, Inc. It is already 300 employees strong.
Baidu formed a joint venture with Chinese automobile maker Geely. It is called Jidu and Baidu just recently invested $400 million after they received $300 million in funding in initial capital last year. It will be used towards research, development, and mass manufacturing.
Competition on rise in the EV market
The main focus of this competition is going to be about making batteries cheaper, faster, and less vulnerable to raw material shortages. Today, batteries cost one-third of the total making costs. Automakers and tech companies understand that there’s a big demand for electric vehicles and are investing in EV startups, so they aren’t left behind.
Tesla, which has the biggest market share in the EV industry, still depends on Asian markets for their batteries. US President Biden has encouraged companies to move their battery supply chain to the country, so political and geographical factors don’t interrupt the production.
If you’ve been following the news, you know there are some amazing companies promoting sustainable technologies. In 2022, we’re seeing a lot of traditional automotive companies like Ford and General Motors make the switch and launch eco-friendly electric vehicles. It’s obvious that there’s a huge demand for EVs. Tesla’s sales doubled to 960,172 vehicles in 2021 and is expected to cross 1 million this year. There are plenty of players, big and small, in the electric vehicle market. Some promising, some not so promising.
Let’s take a look at some promising and not-so-promising EV startups of 2022:
Promising EV Startups
Rivian win’s the list after its R1T pickup was named Motor Trend Truck of the Year, which is now on sale. It received early investments from Amazon and Ford, which put the EV brand on the global map. Production delays in 2021 made us doubt Rivian’s promise but it still has a huge market value of $90 billion, more than well-established big leaders including Ford and General Motors.
Peter Rawlinson, CEO and CTO of Lucid, is most well-known for giving the world Tesla Model S. He left Tesla just three years later to become Lucid’s CTO and become their CEO in 2019. Lucid currently has five models of Lucid Air in the market, all of which are sedans. The price tag? The lowest model starts at $105,000 and has a 653 kilometres driving range. However, they are planning to release more mainstream SUVs and sedans in the near future.
Nio is a popular Chinese EV brand trying to enter the North American market. While they struggled back in 2019 to get investments, steady sales, swapping the battery for longer driving, and their car designs has made it a brand to watch out for. They have a unique business model where they are creating an ecosystem of EV cars, charging solutions (NIO Power), subscription services (BaaS), NIO Life, NIO Spaces, and NIO House. To be honest, the business model is quite unique and would make or break their position in the North American market.
Not-so-promising EV Startups
An EV startup focusing on commercial and fleet clientele, Atlis is currently developing an unusual battery-tech. These are square cells that can hold up to 1 megawatt of energy and could charge their EV as quickly as filling gas. It sounds too good to be true, so we aren’t too sure about this EV brand.
Remember the old VW Microbus? Canoo’s minivan pushes its occupant right at the front and has placed the batteries at the bottom. While this creates a massive space inside the car, we doubt people would want to buy outdated-looking minivans.
When Byton was first introduced in the market, it looked promising. Their M-byte concept launched at the 2019 Consumer Electronics Show impressed many but constant management turnover, lack of cash flow, and the pandemic weakened the company. They recently shut down their US headquarters and moved back to China.
Stay updated with the latest news from the EV industry here at Wieser Electric.
Canada aims to become zero-emission by 2050 and Federal Environment Minister, Steven Guilbeault, has started putting a plan in place. Currently, road transportation accounts for 20% of total greenhouse gases emitted in Canada. According to the plan, the federal government wants 50% of all new vehicles sold by 2030 to be zero-emission and 100% by 2035.
Only 3% of cars registered in Canada are EV or zero-emission. The Canada-wide EV sales quote mandate will come into effect by late 2022 or early 2023. Guilbeault has already held several consultation sessions for expert advice on the mandate, how it will affect the Canadian auto industry, and whether there should be an interim goal before 2030.
Provincial sales quota mandate is working wonders
Quebec implemented the EV sales quota mandate in 2018 and British Columbia introduced it in 2020. Both provinces have seen a drastic increase of electric cars sold compared to the rest of the nation. Three out of four new EVs purchased in Canada were in Quebec and British Columbia in 2020. They also offer rebates to incentivise EV sales. According to the mandate, carmakers have to pay $5,000 for every car they aren’t able to sell from their quota.
Seeing the success, Yukon, Northwest Territories, and all four Atlantic provinces have introduced EV rebates in the last 18 months. Sales in Ontario went considerably down after the provincial government stopped the EV rebate. Before 2018, 19% of national sales came from Ontario. Waiting for auto deliveries has been the worst amidst the global supply chain crisis.
Becoming a leader in EV sales
Whether Canada implements the mandate or not, EV sales will continue to rise but won’t benefit the federal government. Norway’s EV rebates have made the country a leader in global sales. In 2020, 75% of cars sold in Norway were electric vehicles. Many European Union countries are increasing their rebates to make EVs more affordable. Germany recently passed a law that requires every gas station to have an EV charging station.
Omar Alghabra, Canada’s transportation minister, said that introducing the mandate will not only change consumer behaviour but also the supply chain system and rules and regulations in the auto industry.
Another critical aspect is preparing car dealerships. They will need EV charging stations and train staff on sales and maintenance. While introducing a mandate will help Canada lower greenhouse gases emission, dealerships should be given enough time to make changes and also switch their pricing model to continue profiting from the sales.
Thinking of buying an electric vehicle? Installing a wall charger at home takes away the pressure of driving up to a public EV charging station. Plug in at night and wake up to a fully-charged car in the morning.
Wieser Electric is your local licensed electric car charger installer in Kingston, Belleville, Trenton, Quinte West, Cobourg, Napanee, Gananoque, Lansdowne, Brockville, Smith Falls, Perth, Kemptville, and Tweed, Ontario. Contact us today for a free consultation.
Ford has got us excited about their all electric F-150 Lightning. Here’s some good news for all Ford truck fans out there : The F-150 Lighting will be able to charge other F-150 Lightnings.
Linda Zhang, Chief Engineer, the brains behind the F-150 Lightning, mentioned during the 2021 Los Angeles Auto Show that Ford went through multiple challenges to ensure the new EV truck ranks high on performance and practicality.
According to Zhang, Ford is experimenting with charging other EVs with the Lightning however other EV models don’t currently have the Mach-E system, which is needed to transmit and accept electricity. Zhang had this idea after the launch of the 2021 Ford F-150 PowerBoost.
In other news
There’s been an interesting turn of events regarding the collaboration between Ford and Rivian to make a new Ford electric vehicle. A Ford spokesperson mentioned that after extensive discussions with Rivian, both have jointly decided to not pursue any EV development.
Ford owns 12% of the company, which became public in November 2021. Rivian is currently worth one and a half times more than the Michigan automaker.
Other than that, Ford’s continuing with their plan of increasing EV production. Recently, the company’s CEO, Jim Farley tweeted that they will produce 600,000 electric vehicles every year until 2023. They took this decision to meet the rise in demand across America.
With many people starting to make the switch already, the future is bright for EVs across North America. Apart from being eco-friendly alternative to gasoline-powered vehicles, the ability to charge EVs at home is a major selling point.
Does your AFCI breaker keep tripping? There are so many reasons that could be happening! The AFCI breaker isn’t installed properly or is old and needs to be replaced.
AFCI breaker installation is super easy and takes less than 2 hours. It is an absolute must in every household since it is a protective device that disconnects the damaged circuit from the main electric system to avoid the system from heating up and getting burnt.
Tools you need to install an AFCI Breaker
1. AFCI breaker that matches the amperage of the circuit (usually between 15 or 20 amps)
Here’s how to install an AFCI breaker in just 5 easy steps:
1. Switch off the main circuit breaker
To install the breaker, you’ll have to first switch off the main circuit breaker. Remember, this will turn off your entire house’s electricity, so do it during daytime and when it’s not too hot or cold.
Every main circuit has multiple AFCI breakers, usually one for each room of the house. Find the ones that you want to replace.
2. Take off the panel cover
Before you touch any of the AFCI circuits, make sure to use a circuit tester to ensure that the power is off. The installation process is pretty simple and doesn’t lead to any accident but for your own safety, wear insulated boots.
Unscrew the panel cover and set it aside along with all the screws. You’ll need them again while reinstalling the main circuit.
3. Take out the old circuit breaker
Find the circuit breaker you want to replace and pull it out firmly. Sometimes you might have to pull at an angle. Make sure to not touch any other part of the circuit because there might be some residual power in it.
Once you pull it out, take your screwdriver to remove the black circuit wire. Your next step is to disconnect the white neutral wire from the circuit and neutral bus bar on the main panel.
4. Connect the new breaker
Before you connect the new AFCI breaker Canada, ensure it’s switched off. Start by connecting the white pigtail wire to the neutral bus bar of the panel and then screw it tightly.
Now connect the white neutral circuit wire to the LOAD NEUTRAL (circuit breaker terminal lug). The last connection is the black hot wire to the main circuit’s lug called the LOAD POWER.
5. Install the new AFCI breaker
Place the new breaker in place just like pulled out in step 2 (in the opposite direction). You’ll hear a snap when the installation is successful. Screw the panel cover back and turn on the main circuit followed by the AFCI breaker. Test it using the circuit tester button (switch should be off).
After getting a successful reading, reset the breaker using the flip switch. Now that it’s set to ON, your job is done.
It’s important to purchase an AFCI breaker that is Ontario code compliant. If you’re looking for an AFCI breaker installation Kingston contact David at Wieser Electric! We also offer a number of other home improvement services. You can read more about them here.