Sam joins Leo this week to talk about Rivian's Electric Delivery Vans. Amazon has placed an order for 100,000 of them to round out their in house fleet of delivery vans. Amazon is going all-in with converting their delivery vehicles to electric, and Sam says it's going to explode over the next few years because it makes a great deal of sense. When you're putting 100,000 miles a year on a delivery van, the operating costs are flat out more affordable going with electric. And Sam says that companies like GM and Ford are building electric vans starting next year.
Sam joins Leo today to talk about the current trend of "RestoMods," which is taking an older car, restoring it, and then adding more advanced mechanics to it. Modern brake systems, suspensions, and engines to name a few. That way you get a car that looks like a classic but drives like a modern car. The latest iteration is to create a classic car with an electric drive train. And there's a company that's doing Jaguar Type E retrofits. How much? Sam's guess is that conversions will start at $50K.
Sam wants to talk about DC Fast charging, which some are complaining is as expensive as buying gas. Sam says it's not that bad, but you will pay a premium because of the amount of power that must be supplied to meet the peak load demand in fast charging centers. Sam says you can save if you do DC Fast charging on a regular basis by having a subscription plan for charging. Ala carte is always more expensive because of connection fees. Subscription plans offer waived connection fees and a lower per minute charge.
Sam was at the Formula E electric car races today. He said they sound a lot like TIE Fighters when they race. The races can be viewed on YouTube. Sam also got to test drive Porche new secret electric vehicle. Leo calls it his dream car.
Next week, Sam will be test driving the new KIA Nero. It's an electrified vehicle, which is different from an electric vehicle. And there's also an electrified hybrid that offers some electric propulsion but isn't completely electric. That kind of propulsion varies. The Nero has an electric motor that runs alongside the engine, and one that charges the batteries and regenerative braking. But it still needs gas to power the main engine. A plugin hybrid has a larger battery and can drive about 15-40 miles, but once depleted, relies on gas.
Tesla founder Elon Musk has announced a new Roadster and an electric semi truck. Elon made a lot of money in his youth by creating an e-payment system that eventually merged with Paypal. He then used that money to fund a couple of other ventures, including SpaceX, with plans for colonizing Mars in the next ten years or even sooner. The other company he founded was Tesla which started with the Model S electric car. He then added other models like the Model X and more recently the Model 3.
Sandra hears that the lithium ion batteries in Tesla cars aren't recyclable and that Tesla simply dumps them in the ocean. Leo says that isn't accurate. They are recycling, but they can be difficult to recycle because if they're exposed to the air, the inside of the batteries can catch on fire. They are recyclable and it takes about a decade or two before they will be replaced. By then, the recycling technology will have improved as well.