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The Future of Automotive: A Critique of Hydrogen and Praise for ...
2024-10-24 05:40:10
Automotive
Technology

The Future of Automotive: A Critique of Hydrogen and Praise for Electric

Investor Frank Thelen firmly advocates for electric vehicles, branding hydrogen initiatives by companies like BMW as misguided. He emphasizes that only a few manufacturers, such as CATL, Tesla, and BYD, can produce high-quality batteries cost-effectively, which poses a threat to the German automotive industry.

Thelen highlights the decline in electric vehicle sales following the end of environmental subsidies, raising concerns about the industry's future. He also points out the prevalence of unfounded prejudices against electric cars, particularly regarding battery durability.

While traditional automakers struggle, Chinese companies are rapidly developing affordable electric options, underscoring the urgency for innovation in the sector.

Related news on that topic:

Electric Vehicles: The Transition Gains Momentum

The global transition to electric vehicles (EVs) is accelerating, driven by increased demand and advancements in battery technology. While combustion engines remain popular, EVs, hybrids, and plug-in hybrids are capturing consumer interest. Despite initial skepticism, EV sales have surged, reaching new market share records in the US and globally. This shift is supported by falling battery costs, making EVs more affordable and reducing dependency on subsidies. Chinese manufacturers are gaining prominence, offering competitively priced and well-designed electric cars. Meanwhile, European automakers are also introducing competitive models, though Japan appears to lag behind, focusing more on hydrogen and biofuel vehicles. The advantages of EVs are becoming clearer: they offer lower maintenance costs, faster acceleration, and quieter operation compared to combustion cars. EV charging, primarily done at home, provides a convenience not possible with traditional fueling stations. The global battery market is poised for significant growth, propelled by the expanding EV market and supportive government policies. Despite the progress, challenges remain. The infrastructure for street parking and real-world charging needs improvement. Yet, the ongoing innovations in EV technology signal a promising future, potentially reducing carbon emissions and benefiting consumers worldwide.

Global Electric Vehicle Market Poised for Remarkable Growth

The global electric vehicle (EV) market is on the brink of a substantial surge, set to reach a staggering $6.92 trillion by 2031. This growth is primarily driven by passenger vehicles under 100 kW, especially in the Asia-Pacific region, with countries like China, Japan, and South Korea leading the charge. These nations benefit from government incentives and investments by original equipment manufacturers (OEMs), alongside rising environmental concerns. Major players in this burgeoning market include Tesla, BYD, Volkswagen, Hyundai, and many others, showcasing a diverse and competitive landscape. In North America, the battery market is seeing significant participation from companies like Panasonic and Samsung Electronics, while the motor controller market is expanding due to increasing EV sales and technological advancements. Globally, the focus is shifting towards efficiency, reliability, and innovative features. The US and European markets are also experiencing rapid growth, supported by government policies and consumer demand for sustainable transportation solutions. As the industry evolves, the integration of advanced technologies and adherence to emerging regulatory frameworks are expected to further accelerate the transition to electric mobility.

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The press radar on this topic:

tz
23. Oktober 2024 um 13:45

"Really stupid": Investor Frank Thelen sharply criticizes BMW's hydrogen decision

Investor Frank Thelen sees electric cars as the "best way" despite the e-mobility crisis, high purchase price, depreciation and prejudices about battery durability. He sharply criticizes BMW's "really stupid" hydrogen decision, as only CATL in China as well as Tesla and BYD can cheaply produce high-quality batteries, which means little salvation for the German automotive industry. While Volkswagen is planning eight new electric cars, the Chinese manufacturer Leapmotor is already offering an af..
Frankfurter Rundschau
24. Oktober 2024 um 04:00

"Hydrogen just doesn't make sense": Investor Frank Thelen shoots against automakers

Investor Frank Thelen criticizes hydrogen as pointless and sees electric cars as the future. He predicts a gloomy future for the German automotive industry, as only CATL in China and Tesla and BYD can produce high-quality batteries cost-effectively. Affordable electric cars are scarce, but Thelen is convinced that this will change.
tz
24. Oktober 2024 um 04:00

"Hydrogen simply doesn't make sense": Investor Frank Thelen shoots against automakers

Investor Frank Thelen criticizes that many unfounded prejudices against electric cars exist, for example regarding the durability of the batteries or the impact of the air conditioning in traffic jams, which are often overestimated.
CW

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