The top trends killing the auto industry

Cheaper batteries, COVID-19 and autonomous tech are all driving the death of legacy car companies

At Tesla’s Battery Day in September, CEO Elon Musk announced a number of innovations that should, if all goes according to plan, drive down battery prices by 56% by the end of 2023. That’s when Musk plans to release a US$25,000 electric vehicle (nicknamed the Model 2 by the company’s fans) – that’s $10,000 less than what the average new gas-powered car currently costs in the U.S. Its arrival is destined to spell trouble for the US$10-trillion global transportation market.

Historically, EVs have been about $12,000 more expensive than gas cars, in large part thanks to battery costs. But as batteries become cheaper every year, EV sales have been growing exponentially. The cost of lithium-ion batteries plummeted 89% from 2010 to 2020, according to Bloomberg New Energy Finance. In 2016, batteries accounted for 48% of the cost of EVs. Today, that’s fallen to 26%.

Continue Reading...

Remembering food policy writer Wayne Roberts: A radical happyist

Reflections on food, philosophy and friendship

As Canada’s leading food policy guru, Wayne Roberts spent decades thinking, writing and building networks. Wayne found joy in food – in eating it, sharing it, studying it.

He wove together the understanding of how food builds bridges between farmers and cities, how food is a beautiful way to build community and understanding between cultures.

On Twitter, Wayne’s account was the second most influential in the world for local food after that of the U.S. Department of Agriculture. He spoke at UN panels, European Union symposia and food conferences throughout the world. He drew attention to the links between food and sustainability and highlighted how a local food policy is a powerful economic development strategy. Good food is essential for good health.

Continue Reading...

Why Detroit automakers are zombies

The rise of EVs, e-scooters and autonomous Ubers will spell the death of old automobiles sooner than you think

Traditional car companies are zombies. They’re dead but they just don’t know it yet.

By 2022, electric vehicles (EVs) will become cheaper to buy than gas cars. EVs are already cheaper on operating cost and maintenance cost. The electricity to power EVs costs 80% less than the gas to power a traditional car and electric car maintenance costs are 80% lower. A typical gas powered car has 2,000 moving parts, while an EV has 20. With thousands of fewer parts and no oil changes, there’s very little maintenance required for EVs.

Continue Reading...