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

If you’re new here, The EV North is a weekly newsletter that brings together some of the biggest EV news stories and delivers it to your inbox. There is a focus on Canada & North America in general but you’ll also find EV news from around the world!

If you’re not new here, thank you for your continued support and be sure to reply to this newsletter with any feedback or suggestions!

In this issue:

• RIZON Electric Trucks Debut in Canada: Introducing Daimler Truck's Latest EV Brand.

• Top 5 Most Efficient EVs in Canada 2024: Save on Your Power Bill!

• Honda Unveils $15 Billion Investment in Ontario's EV Manufacturing: Largest in Canada's EV Automotive Industry.

• Tesla's Latest Developments: Q1 2024 Earnings, Self-Driving Ride-Hailing, and Affordable Models.

• + more!

Canada

RIZON Electric Trucks Debut in Canada: Introducing Daimler Truck's Latest EV Brand.

Introducing RIZON electric trucks, the newest addition to Daimler Truck's all-electric vehicle lineup, now hitting Canadian roads. Offering innovation and performance, RIZON trucks are a great option for fleet electrification for urban deliveries with predictable and repeatable routes.

Here are some key features:

• Canadian Launch: RIZON trucks, class 4-5 electric vehicles, make their debut in Canada, marking a significant milestone for sustainable transportation in the country.

• Model Variants: Four versatile model variants cater to diverse customer needs, ranging from the e16L to the e18M, with customizable configurations tailored to specific requirements.

• Range and Efficiency: With impressive ranges of up to 257 km (for L size variant with 3 battery packs) and 177 km (for M size variant with 2 battery packs) on a single charge, RIZON trucks ensure uninterrupted operations.

• Adaptability: Ideal for various applications including dry vans, flatbeds, landscape dumps, and reefers, RIZON trucks feature an electric power take-off (ePTO) for seamless integration with specialized equipment.

• Safety: Equipped with advanced passive and active safety systems, such as Active Brake Assist and Active Side Guard Assist, RIZON trucks prioritize driver and community safety.

• Charging Options: Capable of both Level 2 AC Charging via J1772 connector and DC Fast Charging with a CCS1 connector, RIZON trucks offer flexible charging solutions. However, Rizon has not yet committed to using the North American Charging Standard (NACS) - quickly becoming the norm across the industry.

• Cold-Weather Performance: Enhanced with electric preconditioning functionality and heated features, RIZON trucks excel in cold weather conditions, ensuring optimal performance and driver comfort.

• Government Incentives: Eligible for the Canadian government's Incentives for Medium- and Heavy-Duty-Zero-Vehicles (iMHZEV) program, RIZON trucks qualify for substantial incentives at the point of sale, along with additional provincial incentives in British Columbia and Quebec.

• Expertise and Support: Backed by Daimler Truck's extensive expertise and RIZONCONNECT connectivity services, along with robust warranty and financing options, RIZON trucks offer unmatched reliability and support.

As Canada commits to achieving net-zero emissions by 2050, RIZON electric trucks emerge as a pivotal solution for companies and municipalities seeking sustainable fleet options. With their cutting-edge technology and eco-friendly design, RIZON trucks embody the future of electric transportation, driving progress towards a cleaner and greener tomorrow.

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

Top 5 Most Efficient EVs in Canada 2024: Save on Your Power Bill!

In the Canadian EV market of 2024, efficiency is key. Some models, like the GMC Hummer EV and the Vinfast VF 8 Plus Performance, demand over 40 kWh of energy for a mere 100 kilometers. However, at the other end of the spectrum lies our curated list of the top 10 most efficient EVs available. These vehicles sip less than 20 kWh per 100 kilometers, making them economical choices for conscious consumers.

This list uses the kWh/100 km measurements sourced from Natural Resources Canada’s 2024 Fuel Consumption Guide. Unlike litres-equivalent per 100 km figures, which are tailored for comparing EVs with gas vehicles, kWh/100 km accurately assesses electric vehicle efficiency. After all, it's the kilowatt-hours of energy that dictate your power bill when charging at home.

Prices listed include MSRP and destination charges, but exclude taxes and rebates. Keep in mind potential savings of up to $5,000 with the federal government’s EV purchase rebate, plus additional provincial or territorial incentives.

5. Tesla Model Y

• Rating kWh/100 km: 16.3 city / 18.7 highway / 17.4 combined

• Range: 418 km

• Canadian starting MSRP: $57,003 (including $2,013 in destination charges and other fees)

• Comprehensive warranty: 4 years / 80,000 km

• EV component warranty: 8 years / 160,000 km

4. BMW i4

• Rating kWh/100 km: 17.2 city / 17.7 highway / 17.4 combined

• Range: 444 km

• Canadian starting MSRP: $58,245 (including $2,480 destination charge plus other fees)

• Comprehensive warranty: 4 years / 80,000 km

• EV component warranty: 4 years / 80,000 km

3. Tesla Model 3

• Rating kWh/100 km: 15.0 city / 16.8 highway / 15.8 combined

• Range: 438 km

• Canadian starting MSRP: $56,003 (including $2,013 in destination charges and other fees)

• Comprehensive warranty: 4 years / 80,000 km

• EV component warranty: 8 years / 160,000 km

2. Lucid Air

• Rating kWh/100 km: 14.9 city / 15.7 highway / 15.3 combined

• Range: 674 km

• Canadian starting MSRP: $96,800 (including $2,000 destination charge)

• Comprehensive warranty: 4 years / 80,000 km

• EV component warranty: 8 years / 160,000 km

1. Hyundai Ioniq 6

• Rating kWh/100 km: 13.7 city / 16.2 highway / 14.9 combined

• Range: 581 km

• Canadian starting MSRP: $57,677 (including $1,950 destination charge and other fees)

• Comprehensive warranty: 5 years / 100,000 km

• EV component warranty: 8 years / 160,000 km

Honda Unveils $15 Billion Investment in Ontario's EV Manufacturing: Largest in Canada's EV Industry.

Representatives from all levels of government and Honda convened at the automaker's existing auto assembly plant in Alliston, Ontario, to make a major announcement — Canada's largest single electric vehicle supply chain initiative. The heightened anticipation and speculation surrounding Honda's long-rumored commitment to manufacturing EVs in Ontario was finally confirmed, signaling a transformative shift towards sustainable transportation solutions in the country.

Extensive negotiations and strategic planning took place with the result of the unveiling of Honda's $15-billion investment underscores the automaker's commitment to advancing North America's EV manufacturing footprint.

Ontario's Minister of Economic Development, Job Creation, and Trade, Vic Fedeli, revealed that the agreement had been two years in the making. In a testament to the collaborative spirit underlying the deal, negotiations were finalized during a candid discussion at Premier Doug Ford's residence in Etobicoke, Ontario.

Honda's monumental investment encompasses the establishment of four cutting-edge factories in Ontario, setting a new benchmark for EV infrastructure development in Canada. At the heart of this initiative lies Honda's commitment to innovation and sustainability, to drive positive change on a global scale.

The cornerstone of Honda's EV factory footprint in Ontario is an EV manufacturing plant in Alliston, capable of producing an impressive 240,000 EVs annually. Complementing this facility is a state-of-the-art battery manufacturing plant with a capacity of producing 36 gigawatts (GW) of batteries per year, further solidifying Ontario's position as a hub for EV production.

In efforts to leverage expertise from industry leaders, Honda is exploring joint ventures with esteemed partners such as South Korea's Posco Chemicals and Japan's Asahi Kasei. These partnerships will facilitate the establishment of cathode active material (CAM) and precursor cathode active material (pCAM) factories, as well as a separator factory, at undisclosed locations in Ontario.

The economic impact of Honda's investment is expected to be substantial, with at least 1,000 new jobs projected to be created. Moreover, the project is eligible to receive up to $5 billion in incentives and subsidies from provincial and federal governments, further incentivizing sustainable growth and development in the region.

EV Around the World 🌏

Tesla's Latest Developments: Q1 2024 Earnings, Self-Driving Ride-Hailing, and Affordable Models.

Tesla, the pioneering electric automaker, continues to make headlines with its recent Q1 2024 earnings report, teases its upcoming self-driving ride-hailing app, and plans to introduce more affordable models soon.

Q1 2024 Earnings Report:

Despite facing challenges such as rapid price cuts on models like the Model 3 and Model Y, Tesla managed to sustain profitability for the 18th consecutive quarter. However, the company fell short of analyst expectations in terms of both revenue and profit per share. With $21.3 billion in revenue and a profit of $0.45 per share (Non-GAAP accounting), Tesla experienced a 9% decline in total revenue compared to the previous year. Factors contributing to this decline include reduced vehicle average selling prices, disruptions in vehicle deliveries due to factory updates and production issues, as well as delivery disruptions caused by external factors like the conflict in the Red Sea.

Despite these challenges, Tesla remains optimistic about its future prospects, emphasizing continued investments in capital expansion and research and development. The company is allocating significant resources towards AI infrastructure, production capacity, Supercharger and service networks, and new product development. Additionally, Tesla plans to accelerate the development of software-based products, expand its AI offerings, and explore opportunities for fleet-based profits, potentially through a ride-hailing service.

Self-Driving Ride-Hailing App Tease:

Tesla has long been discussing the development of a ride-hailing app to rival services like Uber and Waymo. While full self-driving capability is still in progress, recent advancements have encouraged Tesla to provide a glimpse into its upcoming self-driving ride-hailing app. The app, showcased through screenshots, bears similarities to traditional ride-hailing apps like Uber but also includes features unique to self-driving vehicles, such as summoning the vehicle and adjusting settings directly from the app.

Tesla is integrating this ride-hailing functionality seamlessly into its existing Tesla App, underscoring its commitment to providing a cohesive user experience across its products. Although specific details about the app's release timeline remain undisclosed, it is contingent upon Tesla achieving unsupervised self-driving capabilities, which the company claims to be closer to than ever with the forthcoming FSD v12 software.

Plans for Affordable Models:
Addressing recent speculation about the cancellation of plans for a cheaper "Model 2" vehicle, Tesla CEO Elon Musk confirmed the company's intention to introduce more affordable electric vehicles, possibly as soon as 2025 (I’ll believe it when I see it). These new models will leverage aspects of both the current platform and the next-generation platform, enabling more efficient production without requiring significant infrastructure upgrades. Musk's remarks indicate Tesla's commitment to expanding its product lineup and enhancing affordability to drive future growth.

While Tesla has yet to confirm whether these affordable models will be entirely new vehicles or simplified versions of existing models like the Model 3 and Model Y, the company's focus on improving affordability aligns with its long-term strategy. Musk emphasized the importance of offering great products at competitive prices, signaling Tesla's dedication to enhancing the value proposition for customers.

2024 Tesla Model 3 Performance:

Tesla has also added the Tesla Model 3 Performance to it’s website making it available to order. With a base price of $69,900 CAD and therefore does not qualify for the federal rebate.

It also looks like the Canadian version (460 horsepower and 723 Nm), which will be imported from China will have less power than the US version (510 horsepower and 741 Nm torque). The Model 3 Performance built at the Fremont factory (meant for US-based customers) will be equipped with an 82kWh battery pack manufactured by Panasonic, while the one built at Giga Shanghai in China (meant for outside of US customers) will have a 79kWh pack from LG. The different battery chemistry used in the two packs results in slightly less power and torque.

Here’s a walkaround video of the 2024 Tesla Model 3 Performance:

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QuickEV

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