Introduction
The transition to electric vehicles (EVs) is progressing as automakers continue to innovate and make strategic partnerships. The focus of this article is on the significant milestones and collaborations made in the EV industry in the last week. This includes the new 2024 Volvo XC90 Recharge and its associated review, the pricing for the 2025 Polestar 3, the possibility of a partnership between Honda and Nissan, and the push for longer-life EV batteries from China’s Nio and CATL. Also discussed are major developments in EV-supporting infrastructure such as charging stations and the Biden administration’s plans for zero-emission freight trucking corridors.
The 2024 Volvo XC90 Recharge and the 2025 Polestar 3
In a review of the 2024 Volvo XC90 Recharge, this family-friendly Swedish SUV was found to be appealing due to its increased electric range, power, and refinement. This makes it a solid choice for families uncertain about where to charge their vehicles on the go. On the other hand, the 2025 Polestar 3 will be priced at $74,800 upon its arrival to the U.S. in the second quarter of 2024, a steep decrease from its initially slated cost. This positions it competitively against the Volvo EX90, BMW iX, and Audi Q8 E-Tron.
EV Tax Credit and Honda-Nissan Partnership Consideration
Due to stricter rules concerning battery components and critical minerals, the list of 2024 EVs eligible for the $7,500 EV tax credit is not extensive compared to last year but is nonetheless growing. In other news, Honda and Nissan are in talks to possibly form a partnership that would cover EVs, hybrids, and software. This collaboration could potentially address issues regarding the affordability of EVs for these automakers.
EVs and the Environment
A recent Consumer Reports study revealed that many retailers are not providing substantial support for EV charging. The study specifically pointed out that big-box retailers and discount “dollar” stores could do more to support EVs. Furthermore, a lifetime carbon analysis from Volvo indicates that the LFP variant of the EX30 is a greener option. In contrast, the NMC version offered to America features a larger carbon footprint despite having a 35% higher capacity.
The Chase for Longer-Life EV Batteries
Chinese automaker Nio and CATL have formed a partnership to develop longer-life EV batteries and promote Nio’s battery-swapping technology. Nio aims to make EV batteries that last as long as the vehicle itself. Currently, the company reports that batteries used in its battery-swapping processes are lasting for at least a dozen years.
News on EV Charging and Zero-Emission Goals
Volvo entered a partnership with Breathe Battery Technologies to use software-based algorithms that optimize EV charge rates. This can potentially make road-trip fast charging 30% more efficient, without requiring changes to the battery pack or charging hardware. Also, the Biden administration is laying out plans for significant zero-emission freight trucking corridors. This will involve establishing charging and hydrogen dispensing hubs that will serve as logistical points. This plan is in line with US targets of achieving 100% zero-emission for such vehicles by 2040.