Hello EV enthusiasts! Thank you for checking out this weeks’ EV North Newsletter!

We bring you the latest and greatest in the world of EVs. This week, we have an electrifying lineup of news and updates that you won't want to miss.

In this edition, we'll look into the newest EV industry partnerships, uncover the exciting EV models hitting the market, and investments. Let’s go!

PS: If you’re looking for EVen more EV to digest - take a look at The EV Universe. They offer great insights, unique content and a sense of humour all packed into one. Check them out:

Canada

Unveiling the Cadillac Escalade IQ: Teaser Footage Offers a Glimpse into the Future of Luxury SUVs.

Cadillac enthusiasts, get ready for a groundbreaking innovation in the world of luxury SUVs. The all-new Cadillac Escalade IQ is set to revolutionize the market with its cutting-edge features and advanced technology.

The Escalade IQ teaser footage reveals a glimpse of the sleek design and futuristic elements that define this remarkable luxury SUV. Cadillac has taken the concept of sophistication to new heights with the Escalade IQ, promising an unrivaled driving experience. The teaser showcases its dynamic lines, bold grille, and signature lighting, giving a taste of the elegance that awaits future owners.

The Cadillac Escalade IQ is not just about looks; it is packed with groundbreaking features that set it apart from its competitors. With advanced AI technology, the Escalade IQ introduces a level of intelligence that elevates the driving experience. From augmented reality heads-up display to seamless connectivity, this luxury SUV is designed to anticipate and exceed your expectations.

Excitement is building as the official unveiling date of the Cadillac Escalade IQ has been announced. Set your calendars for August 9th, 2023, when the world will witness the debut of this extraordinary vehicle. Stay tuned for more updates and prepare to witness the future of luxury SUVs.

Are you on Reddit? Check out our subreddit at https://reddit.com/r/evcanada 

Devinci E-Griffin and E-Cartier: Redefining Urban Commuting with Electric Bicycles.

Discover a new era of urban commuting with the Devinci E-Griffin and E-Cartier electric bicycles. These innovative eBikes combine style, performance, and eco-friendly technology, offering an exhilarating and sustainable way to navigate offroad or on city streets.

Devinci E-Griffin: Unleash the Power of Adventure

The Devinci E-Griffin electric bicycle embodies the perfect fusion of power and versatility. Designed to conquer any terrain, the E-Griffin features a robust frame, responsive handling, and powerful electric assistance. Experience the thrill of off-road adventures or effortlessly maneuver through city streets with its reliable performance and long-lasting battery life.

Devinci E-Cartier: Embrace Urban Sophistication

For urban commuters seeking style and efficiency, the Devinci E-Cartier offers a sophisticated solution. With its sleek design and ergonomic features, the E-Cartier seamlessly blends into the urban landscape. Equipped with a powerful electric motor and smooth-shifting gears, this eBike ensures a comfortable and efficient ride, making your daily commute a breeze.

By choosing the Devinci E-Griffin or E-Cartier, you contribute to a greener future. These electric bicycles are powered by clean energy, reducing your carbon footprint and promoting eco-friendly transportation. Say goodbye to traffic congestion and embrace a sustainable lifestyle with these emission-free alternatives.

Why are electric vehicles in Canada so expensive?

When it comes to EVs, there is no doubt that on average, they are more expensive than traditional gas powered vehicles, however, affordable EVs are possible, as demonstrated by the Chinese market. By understanding the dynamics of the Canadian car market and implementing effective regulations, we can reduce EV prices and enhance affordability.

1- North America has prioritized luxury EVs over smaller, budget-friendly models.
Chinese car companies, like 'Build Your Dreams' (BYD), have successfully introduced affordable EVs, such as the Seagull, with a starting price of approximately $14,000 CAD. In China, the focus has been on small, budget-friendly electric cars, utilizing vertical integration to control costs. On the other hand, Canada's vehicle market (and North America’s as a whole) has primarily targeted luxury EVs due to higher profit margins. This discrepancy can be addressed through strategic shifts in production and regulations that encourage the availability of affordable EV options.

2- The US 25% import tariff.
In addition to vehicle manufactures in North America having prioritized selling expensive SUVs and pickup trucks, which hinders the availability of affordable EVs, the Canadian auto market's dependence on the US has been impacted by the US’s 25% import tariff, limiting the accessibility of international EV models. Addressing these factors through targeted regulations can level the playing field and encourage the production of affordable EVs.

3- The COVID-19 Pandemic.
The pandemic-induced semiconductor supply shortage led to increased car prices. Vehicle manufacturers took advantage of the situation by prioritizing limited chip supplies for more profitable and less climate-friendly models Consequently, EV production suffered, resulting in longer waiting lists and higher-priced luxury EVs. It is crucial to prioritize affordable EV production to meet the growing demand and ensure a sustainable automotive future for Canada.

One way of countering the above obstacles is by implementing programs such as Canada's Incentives for Zero-Emission Vehicles (iZEV) Program. This regulation gradually increases the share of zero-emission vehicles in automakers' fleet sales. By aligning with climate targets and shifting away from gas vehicles, vehicle manufacturers will be incentivized to invest in cost-cutting measures and develop affordable EV models. Economic modeling indicates that enforcing EV sales targets in Canada will double research and development (R&D) investments, resulting in a significant reduction in median EV prices.

EV Around the World 🌏

Ford Secures $9.2 Billion Government Loan for EV Battery Factory Projects.

Ford has received a substantial $9.2 billion government loan from the US Department of Energy to support the construction of three large-scale electric vehicle (EV) battery factories. This impressive investment marks the largest government funding in the auto industry since the Great Recession bailouts. The loan is part of the Biden administration's efforts to boost EV manufacturing and promote clean energy in response to the urgent climate crisis.

Key Points:

1. DOE's Advanced Technology Vehicles Manufacturing (AVTM) Program:

   • The loan originates from the AVTM program, known for its role in supporting Tesla and other EV initiatives.

   • The program recently assisted a joint venture between General Motors and LG Energy Solution to construct a lithium-ion battery manufacturing facility.

   • Redwood Materials, an EV battery recycling and manufacturing venture, also received support from the program.

2. Addressing Global Battery Production Dominance:

   • With China controlling around 75% of global battery production, the US aims to catch up by enhancing EV manufacturing.

   • The government loan to Ford is a step towards reducing dependence on foreign battery supply chains.

3. Advancing Climate Goals and Clean Energy:

   • Passenger and commercial vehicle emissions contribute significantly to greenhouse gas emissions and climate change.

   • Increasing EV sales is vital for achieving the goals set out in the Paris Agreement and limiting global warming to 1.5 degrees Celsius.

4. Ford and SK Innovation Battery Plants:

   • Ford and South Korean battery manufacturer SK Innovation will invest $11.4 billion to build three battery plants in Kentucky and Tennessee.

   • The joint venture, BlueOvalSK, aims to achieve an annual capacity of 129 GWH, powering 2 million EVs annually by 2026.

5. Ford's Positive Response and Collaboration:

   • Ford appreciates the loan as it enables wider availability of quality EVs, creating jobs and supporting American manufacturing.

   • Collaboration between the public and private sectors is crucial for accelerating the transition to zero-emissions transportation.

6. Background on the ATVM Program:

   • The ATVM program was established in 2008 under President George W. Bush, providing $25 billion for fuel-efficient vehicle and eligible component manufacturing in the US.

   • Both Tesla and Nissan have previously received funding through this program, with Ford also benefiting in 2009.

Lucid Motors Partners with Aston Martin for EV Powertrain Technology.

Lucid Motors and Aston Martin have announced a groundbreaking partnership, valued at $450 million, in which Lucid will supply electric motors and batteries for Aston Martin's upcoming lineup of EVs. This collaboration brings together two renowned companies known for their motorsports heritage and commitment to performance luxury. By leveraging Lucid's cutting-edge powertrain technology, Aston Martin aims to enhance its bespoke EV models and accelerate its transition towards a sustainable automotive future.

Aston Martin, with its illustrious history in motorsports and a reputation for crafting exquisite luxury vehicles, is determined to transition its entire lineup to hybrid or electric vehicles by 2026, aiming for a fully electric offering by 2030. On the other hand, Lucid Motors, predominantly owned by Saudi Arabia's Public Investment Fund, entered the market with its initial public offering in 2021. Although facing stock price fluctuations, Lucid Motors has showcased its technological prowess and commitment to pushing the boundaries of EV performance.

Aston Martin, the iconic British luxury car brand, plans to introduce its first plug-in model, the Valhalla hybrid, in early 2024, followed by a pure battery-electric vehicle (BEV) the following year. Through this partnership, Lucid Motors will provide Aston Martin with its advanced electric motors and high-quality batteries, which have already demonstrated exceptional performance in Lucid's flagship model, the Lucid Air sedan. This collaboration signifies a significant milestone for both companies, as they join forces to bring forth cutting-edge EV technology with a focus on performance and luxury.

Lucid's dual-motor Air model has established itself as a standout player in the competitive luxury EV market, offering exceptional performance capabilities. For instance, the Air GT variant, priced at $154,000, boasts a 112kWh battery, delivering a remarkable 819 horsepower and achieving an astonishing 0-60 mph acceleration in approximately two seconds. Even the base model Air offers an impressive EPA-estimated range of over 500 miles, making it one of the top contenders for range among luxury EVs. Aston Martin will have the opportunity to incorporate these exceptional performance features into its own EV lineup.

Under the partnership agreement, Aston Martin will compensate Lucid with a "technology access fee" of $232 million. This fee comprises $100 million in shares of the British company and aggregate cash payments of $132 million. Additionally, Aston Martin commits to an "effective minimum spend" of $225 million with Lucid for powertrain components. The overall value of this collaboration is estimated at $450 million, contributing to the financial stability and growth of both Lucid Motors and Aston Martin.

JerryRigEverything: 3 things I HATE about my Rivian R1T after 10,000 miles.

Clean Energy and Mobility

South America's Largest Floating Solar Farm Paired with Hydropower for Enhanced Energy Production.

South America's largest floating solar farm has gone live, revolutionizing renewable energy in the region. Developed by Noria Energy and partners, the 1.5 megawatt (MW) floating solar pilot project named Aquasol is strategically integrated with the Urrá hydropower plant in Colombia. This innovative collaboration combines the benefits of floating solar technology with hydropower, resulting in increased energy reliability and production.

Aquasol, situated at the Urrá hydropower plant in the Sinú River basin, Córdoba, Colombia, features over 2,800 solar modules. With a projected annual power generation of nearly 2,400 MWh in its initial year, Aquasol's capacity is expected to offset the energy consumed by operating the dam. This large-scale floating solar farm will not only contribute to the energy needs of the region but also reduce carbon dioxide emissions by more than 1,540 tons annually.

Beyond its significant energy output, Aquasol's pilot project status allows for comparative analysis with a ground-mounted solar system on the shore. By examining the performance and efficiency of Aquasol, Noria Energy aims to optimize larger-scale floating solar and hydroelectric dam systems. The data collected from Aquasol's operation will facilitate the design and modeling of future projects, maximizing the potential for generating renewable energy from floating solar and hydropower.

Pairing floating solar farms with hydropower dams offers several advantages. Firstly, it increases the overall generating capacity of hydroelectric plants, ensuring a more consistent power supply even during low water levels or adverse conditions. Additionally, floating solar systems help minimize water evaporation. Noria Energy's Aquasol is specifically engineered to withstand water-level fluctuations of up to 120 feet, ensuring its durability and performance.

By integrating floating solar with existing hydropower infrastructure, such as interconnection systems, Noria Energy's innovative approach simplifies the deployment and utilization of renewable energy sources. This seamless integration streamlines operations and enables efficient tapping into the existing energy infrastructure, enhancing overall grid stability and performance.

QuickEV

• Tesla has the top 4 most American-made cars.

• Rivian Owners Signal Resounding Support For Tesla NACS Integration.

• [VIDEO] IONIQ 5 N Nürburgring testing video teases fighter jet sounds.

• Ford SuperVan 4.2 Races With EV Power & Aerodynamics For Pikes Peak.

• Volkswagen is confident it can deliver an affordable EV (sub-$27K) and profitably.

• [VIDEO] Opel Rocks E-Xtreme: One-Off Electric Buggy Designed By Student.

• AutoTrader’s List Of 10 Best EVs Of 2023 (No Tesla’s made the list).

• Infiniti shows dealers new Tesla Model S-like electric sedan amid brand refresh.

• 2024 Chevrolet Silverado EV Work Truck First Drive: Powering Productivity.

  EV Tweet of the Week