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| Hey Insiders — Today, we're bringing you the latest on the state of EV sales, plus startup Land Moto raises $15M. Scroll down for news on the UAW union strike, Amazon's new tool for truck charging, and Evolectric's latest round. Let us know which areas you would like us to cover next. If you find this newsletter helpful, please share it with a friend or colleague. Thanks for reading! Nicolas
p/mobilitynerd | |
| 1 | | 54% of gas-powered vehicle drivers in the U.S. are interested in switching to an electric vehicle for their next purchase or lease, according to a survey by research firm The Harris Poll and EV company VinFast. Affordability was listed as the top criteria needed to make a switch with 58% of the responses, followed by charging convenience with 54%. More: - 74% of drivers said they were more likely to buy or lease an EV if it offered an extended or unlimited warranty on the battery, per The Harris Poll-VinFast survey.
- 76% of drivers aged 18 to 44 were more likely to choose an electric car versus 46% of the surveyed population over 45 years old.
- A study by AAA revealed that 25% of U.S. drivers were likely to purchase an EV for their next vehicle.
- A Cox survey revealed that 53% of consumers would eventually replace their ICE vehicles with EVs, while 31% of dealers said there would be an all-electric future.
Have you switched to an electric car? If not, would you be more willing to switch if it contained an extended warranty for the battery? Join the conversation here. |     | |
| 2 | | There were 109,335 new electric passenger vehicles registered in the U.S. in July, marking the first time monthly sales have surpassed 100,000 for the category. This represents a 96% YoY growth for BEVs. More: - In China, BEVs totaled ~450,000 units sold, while in Europe registrations surpassed ~150,000 in July.
- For the first seven months of the year, there were 655,986 registrations of BEVs in the U.S., constituting an increase of 67% YoY.
- The market share for the seven-month period rose from 4.9% in 2022 to 7.2%.
- Tesla comprised 59.5% of all BEV sales in the U.S. for the seven-month period in 2023.
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| 3 | | Amazon announced it is open-sourcing its Charging Location for Electric Trucks (CHALET) tool to help industry, governments, and operators in Europe determine the location for EV charging points. "Identifying locations to install charging infrastructure will play a key role in emissions reduction," said Rik Arends, director at Sustainable Freight Buyers Alliance, a group of freight buyers that has been using the Amazon tool. More: - Amazon is making the code repository available on GitHub under the name "chalet-charging-location-for-electric-trucks."
- The online retailer has a goal of attaining net-zero emissions by 2040.
- Amazon is investing €1B ($1.06B) to decarbonize its European transportation network.
- Transportation comprises 22% of the European Union's total greenhouse emissions.
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| 4 | | Evolectric, a startup focusing on conversion kits for truck fleet electrification, raised $15M from Seismic Capital. The company is seeking to reach 10,000 vehicle conversions through the onboarding of 100 garages. More: - "By focusing on existing vehicles, Evolectric avoids the supply chain, development, and validation bottlenecks. Scaling our electrification solutions ensures our customers can quickly meet their long-term zero-emission targets," said Evolectric's co-founder, co-CEO, and CTO, Bill Beverley.
- Founded in 2019, the Long Beach, Ca.-based startup is Seismic's second portfolio company after game developer Game Cloud Network.
- Evolectric was accepted to the Los Angeles Cleantech Incubator in Oct. 2021.
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| 5 | | Land Moto, an electric motorcycle startup, announced it raised a $15M Series A led by Ancora. The Cleveland-based company has been using a portion of the funds to renovate its 30,000-square-foot manufacturing facility. More: - Land develops motorbikes with removable battery packs enabling ranges between 40 and 120 miles on a full charge.
- The company has been expanding its team as it prepares to expand its portfolio of products.
- The new round constitutes Cleveland-based Ancora's fourth investment, following U.K.-based advanced hemodialysis systems startup Quanta, Indonesia-based entertainment company Visinema, and Virginia-based wireless communications startup Digital Global Systems.
- Land previously raised a $4.2M Seed round in July 2022.
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| 6 | | On Saturday, Stellantis revealed that its proposal for the United Auto Workers union included ~21% raises over the course of the contract and an immediate 10% increase. "The teams have been very, very careful to listen, very careful for us to come up with best offers that we can do that also protect the company," said the automaker's COO, Mark Stewart. More: - The UAW is asking for a 10% increase in pay for hourly work, a 32-hour work week, the return of traditional pension plans, cost-of-living adjustments, and the removal of compensation tiers.
- In its new proposal, Stellantis increased starting pay for supplemental employees by $4.22 to $20 per hour.
- The plan would reduce the time scale for hourly wage increases by half to four years.
- $STLA closed up 2.18% for the day and 3.89% WoW on Friday.
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- Tesla announced it surpassed 5 million cars produced.
- Ford filed a patent for a system for leaving a parking spot autonomously.
- The FAA is extending its flexibility period for airline slots at New York City airports through Oct. 27.
- Ford hired former Toyota executive Lisa Materazzo as chief marketing officer.
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INSIDE TRANSPORTATION LEADERBOARD (7 DAYS) |
 | Sr. Analyst | | Nicolas S. is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. Follow him at @MobilityNerd. | | This newsletter was edited by Aaron Crutchfield | |
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 | Amplitude customers saw 217% ROI in The Total Economic Impact™ of Amplitude. | |
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