Porsche All Electric Vehicles Very Sexy!

Porsche today announced a deal with Electrify America, VW’s EV charging network born out of the Deiselgate settlement with the U.S. government, to provide upcoming Taycan owners with “three years of charging at Electrify America public stations across the country.”

It’s an interesting development because Porsche was talking about addressing the charging problem by building its own network of charging stations ahead of the launch of the Taycan.

Last year, the company announced plans to deploy hundreds of stations capable of delivering high charge rates. That includes a recently announced network of 500 EV charging stations in the US and Canada.

It was supposed to be a mix of high-powered stations to support the Taycan’s 350 kW charge rate installed at both dealerships and strategic locations along highways to enable long-distance travel.

Later, they even ramped up the effort to 700 stations across North America.

But now, following this deal with Electrify America, Porsche is only talking about installing 191 charging stations at its dealerships:

“To further expand power options, all 191 U.S. Porsche dealerships will install DC fast charging. More than 120 of these dealerships will feature Porsche Turbo Charging, which is the automaker’s own DC system that delivers up to 320 kW and also uses the CCS plug. The remaining dealerships will install 50 kW fast chargers.”

We asked Porsche if they abandoned their plan to have their own charging network outside of dealerships following this deal with Electrify America and we will update if we get an answer.

Update: Porsche confirmed that their own network will only be at dealerships.

Klaus Zellmer, President and CEO of Porsche North America, commented on the Electrify America deal:

“Every Porsche is a sports car with soul, and the Taycan is soul electrified. Together, Electrify America and our Porsche dealer network will provide a national infrastructure for DC fast charging that frees future Taycan owners from range anxiety. And Porsche home charging technology will turn the customer’s garage into the equivalent of a personal gas station.”

By the time the Taycan hits the market, Electrify America claims that it will have 484 locations with more than 2,000 chargers.

Electrek’s Take

That’s actually disappointing. It feels like a step back from having their own network.

Porsche’s previous plans felt like the most significant effort in fast-charging from an automaker since Tesla’s Supercharger network.

Instead, they are going to rely on a third-party network.

Though it happens that the third-party network is owned by their parent company.

What it shows really is that CARB and the EPA forcing Volkswagen to spend their settlement money on Electrify America is not really a “punishment” for Dieselgate. They are just using it for their own charging network.

Honda delays its fun retro-looking all-electric vehicle to 2020

Honda’s first next-gen all-electric vehicle was supposed to go on sale this year, but the production has been pushed to “early 2020” and we might have to temper our expectations when it comes to availability, according to a new rep.

Back in 2017, Honda Motor Co. President and CEO, Takahiro Hachigo, unveiled the “Urban EV Concept”, a small retro-looking all-electric vehicle, and said during his speech:

“This is not some vision of the distant future; a production version of this car will be here in Europe in 2019,”

Now Auto News Europe reports that it will actually go on sale next year.

Interestingly, the report claims that Honda is planning to show two iterations of the vehicle before starting production.

They say that the Japanese automaker plans to unveil a new version of the concept at the Geneva auto show in March and then the production version at the Frankfurt show.

Here’s the original concept vehicle that Honda unveiled in Frankfurt back in 2017:

The report also states that Honda is only planning to sell about 5,000 units per year in Europe, which could mean that they are aiming for the vehicle to only be a compliance car – like the electric version of the Clarity.

Honda has been taking a more tentative approach to electrification by focusing more on hybrid vehicles than fully electric ones.

The Japenese automaker also unveiled an all-electric sports car concept based on the new electric platform and with a similar design language as the retro-looking urban, but it didn’t announce any official plan to bring the vehicle to production.

Nonetheless, Honda is reportedly still interested in all-electric vehicles.

Last year, GM and Honda announced that they are partnering to build next-gen batteries for electric vehicles and the automaker is reportedly working on an affordable all-electric Fit-based car with China’s biggest battery maker.

Lucid Signs $1bn+ Investment Agreement with Public Investment Fund of Saudi Arabia

Here it is, a major investment into electric transportation by a government that wants a big piece of the new economy’s electric transportation sector. Telsa, who is the undisputed leader in electric automotive transportation may now have some competition. It looks like there will be a two year buffer to get all the production kinks worked out before there is any hint of a car to even roll off the production line for Lucid. Let’s see..this is going to be exciting!!

Lucid Motors announced today that it has executed a $1bn+ (USD) investment agreement with the Public Investment Fund of Saudi Arabia, through a special-purpose vehicle wholly owned by PIF.

Under the terms of the agreement, the parties made binding undertakings to carry out the transaction subject to regulatory approvals and customary closing conditions.

The transaction represents a major milestone for Lucid and will provide the company with the necessary funding to commercially launch its first electric vehicle, the Lucid Air, in 2020. Lucid plans to use the funding to complete engineering development and testing of the Lucid Air, construct its factory in Casa Grande, Arizona, begin the global rollout of its retail strategy starting in North America, and enter production for the Lucid Air.

Lucid’s mission is to inspire the adoption of sustainable energy by creating the most captivating luxury electric vehicles, centered around the human experience. “The convergence of new technologies is reshaping the automobile, but the benefits have yet to be truly realized. This is inhibiting the pace at which sustainable mobility and energy are adopted. At Lucid, we will demonstrate the full potential of the electric connected vehicle in order to push the industry forward,” said Peter Rawlinson, Chief Technology Officer of Lucid.

lucid-air-city-skyline-1920x1448

Lucid and PIF are strongly aligned around the vision to create a global luxury electric car company based in the heart of Silicon Valley with world-class engineering talent. Lucid will work closely with PIF to ensure a strategic focus on quickly bringing its products to market at a time of rapid change in the automotive industry.

A spokesperson for PIF said, “By investing in the rapidly expanding electric vehicle market, PIF is gaining exposure to long-term growth opportunities, supporting innovation and technological development, and driving revenue and sectoral diversification for the Kingdom of Saudi Arabia.”

The spokesperson added, “PIF’s international investment strategy aims to strengthen PIF’s performance as an active contributor in the international economy, an investor in the industries of the future and the partner of choice for international investment opportunities. Our investment in Lucid is a strong example of these objectives.”

This press release was originally published on SEP 17 2018 on www.lucidmotors.com