Electric car sales may start spiking in 2024 as more models compete with the likes of Tesla. But big challenges — from tech to infrastructure — remain. Join CNBC’s Arjun Kharpal for the first video edition of the Beyond The Valley podcast, featuring Ralf Kalmbach, Bain & Company partner and director, and Brian Gu, Xpeng Motors president and vice chairman.
Contents of this video:
00:00 – Intro
02:05 – Bain’s EV report
04:21 – Traditional automakers in the EV sphere
06:10 – EV adoption
08:13 – Autonomous Driving
10:52 – The race to EVs
12:45 – EVs in China
15:37 – EV competition in China
18:21 – Road to autonomous driving
22:03 – Xpeng vs Tesla
25:14 – Xpeng goes international
27:39 – The future of Xpeng
30:46 – Summary
#CNBC #Podcast #TechPodcast #VideoPodcast
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Guys 1k Target 541 Ho Gay 1k karwa do love you all youtuber🥳🥳🥳🥳.
Please add your source links in the description – then we can look for ourselves, thanks
Sure. Here is the Bain report we referenced. https://www.bain.com/insights/electric-and-autonomous-vehicles-the-future-is-now/
The issue of electric cars is battery detoriation which people dont consider while estimating the cost of ownership for the cars
@Schmetter Ling Absolutely, resistance to change is a constant throughout history. Truth be told, the car provided a much better mode of transportation for the industrialized world than the horse and buggy. Electric vehicles provide no more improved transportation but have massive downsides in terms of charging. It’s an order of magnitude slower to “fast” charge a battery. I really hope we find a solution that practically implements the EV paradigm, but so far we haven’t been able to.
@Anthony Walker The world was conquered on horseback. Germany tried the same thing with motorized vehicles in WW II and failed completely. That proves that the horse is by far the better transportation mode in peace and war.
Best of all, when there is a famine, you can eat your horse. Don’t try to eat your ICE vehicle!
@Anthony Walker I think you overlook the years it took to build out the fossil fuel distribution at the introduction of ICE in the age of horses. As a young driver in the Southwest it was drilled into me to never let the gas gauge fall below 1/4 without knowing where the next station was. That’s not so different from today’s charging network. The major change, as least with my experience with Tesla, is the trip computer can make one comfortable at arriving at the supercharger with 10% remaining charge.
If the history I heard was accurate, initial gasoline sales was through pharmacies as they already distributed kerosene. I could be wrong in this regard. My point is widespread convenient fueling did not exist at the start of ICE. While the current available charging system is a long way from adequately addressing residents of high-density rental properties there is plenty of market of home owners to support the initial exponential adoption. These are also the very customers that tend to purchase the high-margin offerings. This adversely impacts the profitability of ICE and favors the EV manufacturing that is striving for economy of scale. As the economy of scale slides away from ICE, toward EV more incentive will exist for solving the high-density residential charging. After all, that is substantial revenue that can transition away from liquid fuel production and distribution to electrical production and distribution. An apartment dweller that drives the current average miles per year would likely consume of 325 kWh/month. This is probably equal to or at least a large fraction of the energy consumed in the apartment per month. That is a significant increase in revenue for the electric utilities.
@Mark Hickman I agree with you. Perhaps it is premature to impose constraints that are on the decline in terms of charging stations being rolled out. The charging time constraint is a function of battery technology and physical limits in practical battery chemistry. Infinitely many charging stations would still not remove those limitations. There are systematic problems with charging times that are an order of magnitude larger than current refuelling operations. At the limit, fuel stations become parking lots and parking lots become fuel stations. It’ll work most of the time I guess, I suppose. Also, EV works in nations like the US where corruption and government dysfunction is minimal, however countries like South Africa can barely keep the lights on currently with their corrupt utility parastatals. If Elon Musk wants to sell his cars in SA, he will have to remove the government first, which is what I’m praying for.
@Schmetter Ling Actually, Germany heavily relied on horses for much of their logistics. The allies won because the US was able to provide everyone with the Willy’s Jeep.
Climate change denial is a mental illness and Climate change deniers are a worst hoax that God ever created in this world
Wait,how did him log on YouTube? you know China banned YouTube though
Our team edited the video in Singapore. ☺️
@CNBC International thanks for answered my question
Enriching, up-to-date and In-depth presentation. Thanks
Can anyone explain why EV’s are called GAY?
There isnt one. Its just new and people dont like new
only video is talking heads
as if arjun will drive one from china to india
Less than 2% is not a boom. It’s not even the sound of a bell ringing.
You are underestimating the power of the exponential function.
2% from nothing is a big deal. the rise only gets quicker.
Too many ad interruptions and content is not very good.
gas hit 2.99 a gal. here in ohio, i get such a high every I drive by in my bolt ev
It’s not a winner takes all … there are 60 million combustion engine cars on the planet to be decommissioned
60 Billion
@Pete Juliano Neither.
Great podcast – really informative, looking forward to future episodes! The host did a great job 👍
Glad you enjoyed it!
The e in Elon stands for electronic waste, ewasteman🤡
Did you get vaccinated? If yes then it means you wasted a vaccine
@Anish Adamane pretty sure he’s one of those who believes vaccines causes autism.
@Daniel Jose Woah good joke
We want Phev, less battery waste, while being green at same time.
You can expect higher rates of cyberattacks on EV builders and their supply chain as Big Fossil fights its slide into semi-relevance by taking down all of them, if it could. Air gapping the computers could work wonders. One machine for everything coming in that can be isolated from the rest until the data has been scrubbed, with no direct access to the system itself. the access to the system requires that data entry personnel copy the data without utilizing cut and paste methods onto unnumbered single use entry forms that are destroyed upon submission and the data’s acceptance. Or some such.
Why would big oil executives want to go to jail?
@Schmetter Ling They get OTHER PEOPLE to do the dirty Sanchez on America. Thought you knew.
Captions are not right. First two minutes are missing. More missing around the 13 minute mark, which then improves only to regress again. Haven’t checked the remainder!
Takes oil to manufacture electric cars and coal for electric power plants.
Can’t solar and wind create electricity?😏😏😏
In india consumers want electric cars but will not get popular immediately as common people do not have purchasing power , yes slowly market will increase as only accumulators of money will have the capacity and they will invest in costly cars india is all about show-off system . Indian laws and govt policies have concentrated money in few hands . Common man do not except any good will happen if electric cars will come , yes good for environment and decreasing oil dependency but cost for running a car will be same as for petrol , as higher cost will be charged for replacing batteries of car . Be it electric or petrol let it be . Only car industries can rely on industrialists , politicians and employees for sale of electric vehicles . Indian policies and development is only for 30 percent population rest are moved with sentiments of nationalism and religion .
Problem is not purchasing power, IT proffessionals can afford them problem is charging, you have lots of petrol pumps but no charging stations
@Anish Adamane purchasing power is problem as if electric cars will be targeted for percent of population it will be difficult to set up charging stations , but if electric cars will be having large selling base in no time electric charging station will be available especially in indian after 1km of run , as it will provide earning opportunity for road side hotels and shops . Car price will determine how fast companies want infrastructure to be developed . Selective targeted population will not provide the bussiness to grow fast in india .
Your subtitles are running late. 😒😒
*Have a spare $1?* Savin’ to get a laptop (homejob). No opportunities outside due to constant lockdowns in our country. 😷 Sorry for this. 😳 I’m not a bad person, just a desperate breadwinner. Lost a lot since 2020.
*Prayers and well-wishes are also very much appreciated. 😇❤*
Off-topic, I know… I hope you understand the desperation. I know some people need more help than me and my family but I do hope that does not invalidate my cry for help. 😢
Things are getting worse here. We don’t have stimulus checks or anything like USA. So I’m just really doing whatever I can to put food on the table. We may not be killed by the virus but the situation is surely slowly killing us. 💔
*Peace be with you. GOD bless. 🙏❤*
*And to anyone who’s also struggling, let’s hold on tight. All will soon be well. 🌹🌹*
Investing in cryptocurrencies today is a forward if you’re planning well for your future because it’s a lifetime investment.
There’s more fierce competition in the EV space in China. This actually helps drive the price down alongside government subsidies.
I found a conversation with Bain executive too superficial and bit German centric. The argument that they have legacy behind them isn’t really a strong one. Tesla had no legacy and practically build EV market. German premium for number of years has been riding on its strong brand only. European car makers especially those in Germany have several obstacles to fully turn to EV. Massive operation focused on petrol engines that needs to be transformed but also be still operational for at least 10 years. Strong unions, too many employees per produced car make them inefficient. In the future they will be facing challenges to reorganise and fire people. Seeing how quickly Nio and Tesla are winning Chinese premium market makes me think that German car makers will see falling demand for their cars in the biggest EV market. So far German car makers haven’t released a good EV model that can compete on features or range with Tesla, Xpeng or Nio.
This person can’t even pronounce his name correctly.
who
More GOD’S BLESSINGS AND FAVOR TO YOU THE CNBC OFFICERS ,STAFFS ,AND PERSONNEL FOR THE HIGHLY INFORMATIVE AND INNOVATION SAVVY PROGRAMS….
I love my old 2013 Tesla they are miles ahead