Who Is Winning The Global EV Race?
March 14, 2022
2,489,506
16,023
3,482
0.78%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Cnbc Episodes Around March 14, 2022
See what was published immediately before and after this episode.
Chapters
YouTube Description
as posted by the channelThe global electric vehicle market is heating up and China wants to dominate. The country has invested at least $60 billion to support the EV industry, and it’s pushing an ambitious plan to transition to all electric or hybrid cars by 2035.
Tesla entered the Chinese market in 2019 and has seen rapid growth. In the U.S., Tesla dominates the conversation around electric vehicles, but in Europe, it’s a different story. Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to become the EV market leader in Europe, where it has an edge thanks to local manufacturing, brand familiarity, and cheaper price points. But whether Volkswagen can broaden its appeal to become the global EV leader remains to be seen.
Meanwhile, electric vehicle infrastructure in the U.S. grows at a rapid pace. San Francisco-based Ample has brought electric vehicle battery swapping to America. The company was in stealth mode for seven years before launching recently with five swapping stations in the Bay Area. The concept isn’t new.
A start-up called Better Place launched an EV and battery swapping company after it raised $850 million in venture funding, but it ultimately went bankrupt in 2013. Tesla also demoed battery swapping in 2013 but only opened one station for about a year. Elon Musk said Tesla owners were not interested in it. Battery swapping is already common in China. Electric vehicle maker Nio, for example, plans to double its network of swapping stations to 500 this year and plans to open stations in Norway as part of its expansion into Europe.
SEGMENTS:
» Subscribe to CNBC
» Subscribe to CNBC TV
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
Who Is Winning The Global EV Race?
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.