We have waited a long time for this and it was the natural first step in transitioning from oil to electric to Dark Matter direct power generation. The power harness has existed for decades, battery technology had to evolve and we are now good enough to support a high volume consumer roll out.
Volkswagon will likely build at full capacity while cutting prices.
Tesla will be able to sell freely into the rising battery market, whatever happens with their models. Do note that the car never mattered much, but the battery did.
By 2025, electric will begin to dominate new car sales. It is worth closely managing your purchases in order to avoid been stuck with an unsalable gas car. Volkswagen just went from 0 to 150,000 cars. It will soon be a million if they press price advantage.
All good and it heralds a huge drop in oil demand.
Transition Time: Volkswagen Announces "Electric for All" Campaign
With a world premiere of a new modular electric drive matrix, Volkswagen Launches ELECTRIC FOR ALL Campaign.
https://moneymaven.io/mishtalk/economics/transition-time-volkswagen-announces-electric-for-all-campaign-cXwnyVFhXUOxABnIEMAO0A/
https://moneymaven.io/mishtalk/economics/transition-time-volkswagen-announces-electric-for-all-campaign-cXwnyVFhXUOxABnIEMAO0A/
As part of the
ELECTRIC FOR ALL campaign launched today, the brand will be putting
attractive models at affordable prices on the road, paving the way for
the breakthrough of electric vehicles. The electric offensive is based
on the modular electric drive matrix (MEB), a technology platform developed specifically for electric vehicles.
The MEB is the key to the “electric car for all”: it
enables a hitherto unachievable price-service ratio and will be
instrumental in transforming the electric vehicle from a niche product
into a bestseller. Brand Board Member for E-Mobility Thomas Ulbrich
commented: “We will make electric vehicles popular and get as many
people as possible excited about electric cars. The MEB is one of
the most important projects in the history of Volkswagen – a
technological milestone, similar to the transition from the Beetle to
the Golf.”
Furthermore,
the MEB bundles Volkswagen’s entire production knowledge: it is not a
platform for vehicles with combustion engines that has been
retroactively modified, but has from the outset been designed to be 100
percent, uncompromisingly electric. As Ulbrich put it: “Our Modular
Transverse Toolkit already proved Volkswagen is one of the most
successful platform developers in the auto industry. Now, we’re
transferring this know-how and this strategy to the electric age. By the
end of 2022, four Group brands will be ramping up 27 MEB models
worldwide, ranging from compact cars to the lifestyle Bulli. That is
something quite unique.”
All members of
the ID. family are designed for fast charging. Using fast charging
systems, the battery can be charged 80 percent in about 30 minutes
thanks to a completely new, significantly more powerful battery system
developed by Volkswagen Group Components. Senger explained: “The
use of a new generation of high-performance batteries begins with the
ID. models. Thanks to their modular design and the multi-cell format,
these batteries can be installed in smaller or larger ID. models.”
Key Points
- Electric vehicles at affordable prices with fast charging.
- World premiere of the Modular Electric Drive (MEB) matrix is the key to the “electric car for all”
- Board Member Thomas Ulbrich commented:“The MEB is one of the most important projects in the history of Volkswagen – a technological milestone, similar to the transition from the Beetle to the Golf”
- Volkswagen plans to sell some 150,000 electric cars, including 100,000 ID. models made in Germany, by 2020
- 10 million electric vehicles across the Group based on the MEB
Transition Time
A quick check shows the transition will not be immediate. According to CarSalesBase Volkswagen European sales peaked in 2015 at just over 1.7 million cars.
Volkswagen Car Sales by Region
Globally,
Volkswagen is huge in China. 150,000 cars is but a tiny fraction of
sales. But the announcement was just made. We are headed into 2019.
To go from 0 to 150,000 in just over a year is quite impressive.
Tesla Production Comparison
Tesla's goal is 6,000 model 3 cars a month, 72,000 a year.
It struggles to hit 4,000 a month, and quality control is poor.
Tesla Battery Comparison
According to Quora,
Tesla Supercharging stations charge with up to 145 kW of power
distributed between two adjacent cars, with a maximum of 120 kW per car.
That is up to 16 times as fast as public charging stations; they take
about 20 minutes to charge to 50%, 40 minutes to charge to 80%, and 75
minutes to 100%.
Assuming Volkswagen
can meet its stated goal, a Tesla takes 40 minutes at a "supercharging
station". Volkswagen anticipates an 80% charge in a half hour.
Competition
Tesla is about to have serious competition from Volkswagen. GM and Ford cannot be that far behind now.
Whatever lead Tesla appeared to have in batteries has now vanished.
In the US, adoption to electric will take a while, perhaps a decade. In Europe and China, the roll-out will be much faster.
The end is now in sight for gas-powered vehicles in much of the world.
Mike "Mish" Shedlock
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