News

Nearly carbon-free driving with an internal-combustion engine is possible but takes work. Porsche has been investigating synthetic eFuels for many years and turned on a new plant in Chile today to start making fuel from water and carbon dioxide.Chile is an ideal location for this facility because it has plenty of renewable energy sources, Porsche said, and the end product can easily be shipped from there around the world.The first batches of eFuel will be used for promotional “lighthouse projects,” but Porsche hopes to be selling 145 million gallons of this new eFuel on the open market each year before the end of the decade.South American wind will soon be powering Porsche vehicles around the world thanks to a new biofuel plant that started production today. The automaker announced that its pilot plant in Punta Arenas, Chile, successfully produced its first liters of eFuel, Porsche’s name for its synthetic fuel, which is made from water and carbon dioxide using renewable energy. Porsche has been working with partners on new liquid fuels for many years, as a supplement to the work on electric vehicles that the VW Group as a whole has been highlighting. Porsche sees eFuels as a green supplement to EVs on what it calls its “double-e path” that encompasses both e-mobility and eFuels. Porsche calls eFuel a practical alternative that allows internal-combustion-engine vehicles to operate in a “nearly CO2-neutral” manner and said its new plant would be able to produce up to 145 million gallons of biofuel each year before the end of the decade.Those gallons will one day be sold on the open market, Porsche representatives said during a briefing for journalists today, but the initial test batch of a modest 34,000 annual gallons is destined more for promotional purposes. The eFuel will first be shipped from Chile to what the automaker calls its “lighthouse projects,” like the Porsche Mobil 1 Supercup. The eFuel will also be used in vehicles at Porsche Experience Centers around the world, allowing fans to burn biomass instead of fossil fuels on the track. Once the pilot phase ends, the Punta Arenas plant will be able to produce a projected 14.5 million gallons each year by the middle of the decade, Porsche said, before hitting the 145-million-gallon target two years later.Not a New IdeaToday’s start of production can be traced back at least five years. That’s when Porsche engineers first discussed Chile’s ideal combination of reliable renewable energy sources and shipping opportunities with Siemens Energy, according to Porsche board member Michael Steiner, during a briefing with journalists today. Porsche also worked with global eFuels company HIF, ExxonMobil and other partners on the plant, he said.Using renewable energy to produce a liquid fuel has a bigger impact on reducing overall CO2 emissions than any fossil fuels that might be used to transport it to end users, according to Porsche board member Barbara Frenkel. Frenkel also spoke at the briefing and said that it makes sense to use green energy where it’s found, whenever possible. “If there is not enough renewable energy available [to make eFuels], it makes much more sense that you use this energy directly in electric cars,” Frenkel said. “Our strategy [is to] push fully on electromobility, and we have eFuels in addition. Therefore, especially when it comes to Europe, it’s of essential importance that the government increases the ambition to establish a good charging infrastructure based on renewable energy.”But that’s where Chile stands apart. It happens to provide a steady supply, which means it makes sense to use zero-emission energy there to make a liquid fuel that can then be burned in places that don’t have as strong a renewable-energy infrastructure built up but can handle a biofuel as a replacement for gasoline. This is especially important for the estimated 1.3 billion combustion-engine vehicles on roads around the world today, Steiner said.In April, HIF Global announced it had secured $260 million in equity investments from a number of companies, including Porsche. The money was raised to fund an expansion of HIF’s decarbonization business, including carbon-neutral eFuels projects in the U.S., Chile and Australia. Porsche said today that it has invested over $100 million in eFuel development and production, including $75 million in HIF.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site.Porsches to Know and LoveThis content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site. More

The 2024 ZDX is Acura’s first EV, and it’s slated to launch sometime in 2023.The ZDX will have a Type S performance variant, likely with extra horsepower.This model is part of Honda’s collaboration with General Motors, and it will use GM’s Ultium battery platform.Acura’s new electric SUV is starting to take shape, thanks to these new photos of a 2024 ZDX Type S prototype released by the automaker. Though the S-patterned camouflage obscures the details, we can see the overall profile of this new EV model, which will be a mid-size SUV and a more luxurious counterpart to the upcoming Honda Prologue.Both the Honda and the Acura are part of a collaboration with GM, meaning they will ride on GM’s Ultium battery platform. The ZDX is rumored to be built alongside the Cadillac Lyriq in Tennessee, while the Prologue may share its production line with the Chevy Blazer EV in Mexico.AcuraAcura previewed the ZDX’s design language with its Precision EV concept car earlier this year, and this prototype shows similar proportions. The hood is long and low, but the greenhouse has a relatively conventional squareback shape, meaning this won’t be a spiritual successor to the previous ZDX, a daringly styled crossover that was an early adopter of the “coupe-SUV” sloped roofline craze.More from AcuraIf the ZDX shares mechanical components with the Cadillac Lyriq, we might expect a base model with a 340-hp electric motor powering the rear wheels. The Type S, then, could adopt the Lyriq’s all-wheel-drive dual-motor setup with over 500 horsepower. The Lyriq’s battery pack, a 102.0-kWh lithium-ion unit providing an EPA-rated driving range of 312 miles, may also indicate the ZDX’s potential offering.AcuraWe’ll have to wait a bit longer to learn more about the 2024 ZDX, as Acura says it will reveal the new electric crossover in 2023.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site. More

It’s safe to say that more people know who the CEO of Tesla is than could tell you who runs General Motors, Ford, Toyota, Volkswagen, or Hyundai. Elon Musk may own a lot of companies, but it’s Tesla that made him a household name. Not since Henry Ford and his Model T has the head of a car company been so associated with its wares. For many of the brand’s fans, veneration of Elon has gone hand in hand with veneration of Tesla, but what happens if people start thinking Elon is not so swell? Will they sour on Tesla’s products? We may be about to find out.After his high-profile purchase of Twitter for $44 billion, Musk assumed control of the social-media giant and has made an almost daily series of controversial moves. He reinstated formerly banned accounts, attacked Dr. Anthony Fauci, retweeted QAnon memes, and spouted off about “woke mind virus.” Advocating for “free speech,” Musk has gutted Twitter’s content-moderation function, with the result being that hate speech has skyrocketed and advertisers have fled. Now, he says he’ll be stepping down as Twitter CEO, but it remains to be seen whether he actually steps away.Wall Street, which has bestowed upon Tesla a sky-high valuation that has helped make Musk the planet’s richest man, has of late been tapping the brakes. Tesla’s stock price has been cut by 55 percent so far this year, and the selloff has accelerated since Musk’s takeover of Twitter. Of course, many factors can affect the share price (among them, Musk himself selling nearly $40 billion worth of stock this year). But is Wall Street concerned specifically about Elon’s behavior? Interviewed on CNBC’s Squawk on the Street on Friday, Bernstein analyst Toni Sacconaghi said, “Absolutely, to some degree Musk may be disenfranchising potential customers.” Sacconaghi, whose firm has a $150 price target on the stock, saw bigger headwinds facing the company.Teslas TodaySome investors are voicing similar concerns. Quoted in the Wall Street Journal, Gary Black with Future Fund LLC, which is a major Tesla shareholder, said, “The $TSLA brand has been negatively impacted by the Twitter drama. Where before EV buyers were proud to drive their Teslas to their friends or show off Teslas in their driveways, now the Twitter controversy is hurting Tesla’s brand equity.” On Twitter, Black expressed hope that Elon would see the error of his ways: “He will realize soon (if not already) that his polarizing political views are hurting customer perceptions of [Tesla] EVs.”A recent story in Forbes echoed this sentiment, as does a just-released report on automakers’ brand equity, by the automotive research consultancy Strategic Vision. Strategic Vision says, “Tesla’s brand image is heavily tied to its CEO, Elon Musk” and that Musk’s recent actions “all have had a direct impact on his own image and that of Twitter and Tesla.” Strategic Vision president Alexander Edwards notes: “These problems are magnified in that battery electric vehicles (BEVs) are more often purchased by self-identified Democrats who have generally opposed Musk’s actions with Twitter.”Elon seems to be going out of his way to antagonize this core audience. And research shows Democrats’ view of Tesla has dimmed lately, while Republicans’ opinion of the brand has turned more favorable, although to a lesser degree. “Tesla has offered among the best, if not the best, electric vehicles for over a decade, but these buyers aren’t necessarily making the choice based on how environmentally friendly it is,” counters Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions. He adds: “An aura has grown around Tesla ownership. It shows the financially green status of the owner rather than their eco-green mindset, which doesn’t automatically equate to being left-leaning. Given Tesla’s popularity, its buyers will cover a wide political spectrum, and a portion will likely be offended by Musk’s opposing political views, but the numbers aren’t likely to put a huge dent in Tesla’s totals.”The Marketplace TodayTesla, by and large, created modern EV demand. At one time, those who were turned off by Musk’s statements or behavior might nonetheless have overlooked them, owing to the dearth of EV alternatives. Today, though, Audi, BMW, Cadillac, Chevrolet, Ford, Genesis, GMC, Hyundai, Jaguar, Kia, Lexus, Lucid, Mercedes-Benz, Nissan, Polestar, Porsche, Rivian, Subaru, Toyota, Volkswagen, and Volvo all offer electrics, with legions more heading to the on-ramp. And all of them are from automakers whose CEOs keep their politics to themselves.This content is imported from OpenWeb. You may be able to find the same content in another format, or you may be able to find more information, at their web site. More

A Buick spokesperson confirmed to C/D that Buick’s first EV will be an SUV called Electra, scheduled to debut for the U.S. in 2024.Buick has just debuted the Electra E5 for China, and we think this model is likely to come to the U.S.Buick has trademarked Electra E1 through E9 names, hinting at its future lineup.Buick is bringing back its Electra nameplate, first used in 1959, for a new range of EVs. We knew that much from a previous trademark filed for the name, but now a Buick spokesperson has confirmed to C/D that the brand will launch the first Electra model, an electric SUV, in the U.S. in 2024. We think this first model could be the Electra E5, just revealed for the China market, that you see here.BuickThe new Electra E5 uses GM’s Ultium battery platform and is a compact SUV. This model appears to be closely related to the Equinox EV, as it rides on the same 116.3 inch wheelbase as the Chevy. It incorporates design elements from Buick’s Wildcat concept and features the latest iteration of the tri-shield logo. Full specs and interior photos are still under wraps, but we’d guess that the Buick will be more luxurious inside than the Equinox.More on BuickBuick declined to comment on the exact size and nomenclature of the Electra model it plans to reveal for the U.S. market in 2024. But we do know that the brand has filed trademarks for Electra E1 through E9, covering all its bases for a wide lineup of electric SUVs ranging from subcompact to full-size. Even if the E5 isn’t the first Electra model to come to our shores, we still think it’s a likely candidate for the U.S. market at some point. It would compete in the compact EV SUV segment that currently includes the Ford Mustang Mach-E, Tesla Model Y, and Volkswagen ID.4.Stay tuned for more news on the Electra E5 and plenty of information still to come about Buick’s new Electra lineup of EVs.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site. More

Hyundai has shown off the first images of the 2024 Kona, with the second-generation subcompact crossover bringing a fresh, angular design. The Kona will yet again offer electric and gas powertrains, with a hybrid powertrain potentially coming to the United States for the first time.The 2024 Kona also grows, adding 5.9 inches of length, with 2.4 extra inches in the wheelbase.The subcompact Kona crossover has been a hit for Hyundai, consistently coming in among the Korean automaker’s top five bestsellers since it was launched for 2018. Now Hyundai has revealed the first photos of the second-generation Kona, showing off a sharp, futuristic design that will continue to house a diverse array of powertrains. The 2024 Kona will be offered with varying degrees of electrification, with an all-electric model, a hybrid, and internal combustion engines including a sportier N Line variant. Unusually, Hyundai says the new Kona was developed as an EV first and then adapted to fit the other powertrains. The Kona has also grown, now measuring 171.5 inches long, 5.9 inches longer than the previous electric Kona. The crossover is also nearly an inch wider and has a 2.4 inch longer wheelbase than before. The pointy front end features a thin LED light bar stretching the width of the car, with the main headlights once again housed within a black plastic piece that stretches around the bumper to encapsulate the front wheels. On the electric model, the light bar gains a pixelated appearance to tie it in with Hyundai’s Ioniq EVs, and the electric Kona also has body-color wheel arches. A closely cropped image of the rear shows a similar design theme to the front end, with a narrow light bar atop larger taillights units incorporated into the wheel arches. The 2024 Kona’s expressive bodywork echoes the Tucson with heavily creased diagonal character lines on the side. The different variants get distinct faces, with the EV receiving a pixelated design in the front bumper and the standard gas and hybrid versions wearing a faux skid plate and chunky chrome details. The N Line sees a black grille linking the headlights, as well as a blacked-out roof and a rear spoiler. The 19-inch wheels also vary in design depending on the powertrain.More Hyundai EVsThe interior is completely reimagined, with an airy feel and two 12.3-inch screens combining to make up the digital gauge cluster and infotainment system. The gear selector has moved from the center console to a stalk behind the steering wheel, freeing up more storage space in the center console. Hyundai didn’t reveal any powertrain specifics, and it’s unclear if the hybrid will be sold stateside, since the first-generation Kona did not offer the hybrid model in the United States. Hyundai says more information on the 2024 Kona will arrive next year, and we expect to see range and power increases for the electric version. This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site. More