CNBC Marathon explores how Tesla, Rivian and Dodge’s new electric vehicles are transforming the automotive industry.
Over the past decade, Dodge has dug deep into its performance car heritage and become a brand known for brash American muscle cars with supercharged V-8 engines and ridiculous amounts of horsepower. But tightening regulations, rising fuel prices and the rise of the SUV are putting the squeeze on Dodge’s so-called “brotherhood of muscle.” It recently debuted the Charger Daytona SRT EV, an electric car that looks a lot like its popular supercharged Challenger and Charger. Will Dodge fans or EV buyers want it?
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
A new electric vehicle company hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon to build 100,000 electric delivery vans could help it succeed. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Last month, Rivian and Amazon rolled out the first of the electric vans. They are starting to deliver packages in a handful of cities, including Seattle, Baltimore, Chicago and Phoenix.
After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Chapters:
00:00 — Introduction
00:48 — Will Dodge’s Electric Muscle Car Satisfy Its Die-Hard Fans? (Published October 2022)
15:31 — Does The Tesla Semi Live Up To The Hype? (Published February 2023)
31:33 — How Amazon Is Giving Rivian An Edge In The EV Industry (Published August 2022)
44:50 — How Electric Vehicles Will Change The Midwest Economy (Published September 2022)
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
How Car Makers Are Switching To EVs | CNBC Marathon
source
The battery technology is still nowhere close to what it needs to be. Calling them zero emissions is just a load of bs.
"Why $1.5mm ?" …"It's the only one" … ha ha, it's like "But couldn't you just make 10 louder ?" … "But this goes up to 11 … " … The Americans obsession with "matching numbers" and "1 of x" makes us Europeans laugh 🙂
Such bad reporting. Dodge must be a big advertiser for CNBC. They miss the mark several times. My favorite line is the guy making spark plugs which are about to go extinct doesn't think the charging infrastructure is there. Maybe someone needs to lend him a Tesla so he can drive all around the country and DC fast charge everywhere he goes.
0:01: ⚡ The video discusses the transition to electrification in the automotive industry and the competition between companies for investments in EVs.
4:54: 🚗 Dodge revived the Charger and Challenger names, focusing on American muscle and performance, with models like the Hellcat and Demon.
10:01: 🚗 Dodge is working on creating a unique sound experience for their electric cars, while most EVs focus on being quiet.
15:47: 🚚 PepsiCo becomes the first customer to receive and use Tesla's Semi truck for product delivery.
20:53: 💡 Experts predict that electric trucks will be cheaper to operate than diesel trucks over time due to lower maintenance costs and predictable charging costs.
26:38: ⚡ The commercial viability of fully electric trucks will take a few years and significant charging infrastructure development.
32:06: 🚚 Rivian, a new electric vehicle company, secured major investments from Ford and Amazon and received a large order of custom-built vans for Amazon's fleet.
37:46: 🚚 Rivian and Amazon are partnering to build a sustainable delivery fleet by 2040.
42:50: 🚚 Rivian plans to expand its fleet business by producing vans for package delivery companies.
48:25: 💡 There is uncertainty about the future of jobs in the auto industry due to the transition to electric vehicles and the need for workforce training.
54:34: 🚗 Washington lawmakers pass a bill to promote progress and prosperity for American families by providing tax credits for new manufacturing centers for EVs, wind turbines, and solar panels.
Recap by Tammy AI
I love my Tesla. It’s a silent assassin. People must know it’s fast. Nobody will even get froggy at the stop light. The best part of the Tesla is I can waste most cars on the road all while my wife and kids stare and laugh
Lets be honest electric car is the future.
Millionaires want what they want!
This is 2023 now and CNBC used 2015 Tesla model s mugshot 🧐
Huge failure electric vehicles are over inflated in price and pushed very hard by those who will benefit from them and by the way they pollute 10 times more than gas vehicles, thank god only a few morons are buying them
Boomer Vehicles.
EV for transports will drive up inflation; because of low energy density, more EVs will be required to do the same job as diesel.
EV = AV Anxiety Vehicle. Hybrid ❤️
"American muscle car" is code name for SLOW. 🤣
Remember you told us to shoot you
GM is killing Tesla with it’s Chevy Bolts EVs! SuperCruise is years ahead of Tesla FSD! Plus, GM has the backing of the administration. Tesla is the administration enemy!😂 GM will be selling their Bolts for rebranding to other OEM in the near future.
Oil magnates won't die without of fight 🌱
Forgot to mention. I also saved $15000 in gas over my 3 year ownership 🙂
The way Columbus is spelled on the map… Woof.
The dinosaurs just want to hang on to what they grew up with.
What all carmakers need to do agree on fast charger and charging plugs. And keep charging stations in good repair and have more stations by road out west where you dont have range for a road trip. There are times tesla drivers had to wait in line to charge cause some stand were non functional my 2015 model s is not the problem but fayette county pa has no charging station. I make out by charging during nonpeak hours, but charging stations kilawatts are expensive 30 cents.kilowatt home.peak is ten cents off peak is alot less. I doy electric hungy stuff after 9 pm like laundry. With fourteen hour rule charging time wpuld eat up to much time for otr trucking and not enough truck fiendly charging with trsiler. Electric trucks are ok for local truck where you can get to home terminal within real world range model s is adertised 300 mile range but never real world like vw jetta adertised 50 mpg but i never got more upper thirties inhills of pa how fast a tesla truck can recharge. What about electric reefers pepsi owns resturants a and w kfc tocobell pizza hut they need temputure control at 15 cents kilowatt it would cost about 75 dollars. These componies pepsi need to open charging to public. Giant eagle dc opens natural gas to public and stores have cng lng for sale. What about lettin electric trucks to use double trolly bus lines in the cities to charge and run on major trunk routes in cities
Like a plague the auto industry will unleash new environmental disasters.
No!
UAW labor for EvCars is 75% less than IceCars. This is due to parts.
IceCar is ~2000 parts.
EvCar is 20 parts.
Worse EvCar is just R&R with no skilled UAW labor needed where IceCar part install is complicated and critical installation that require very skilled UAW labor.
Secret
UAW members want in the current contract to outlaw all EvCars,
FYI
Germany labor now has the same problem EvCar low parts EvCar no skilled labor to build is killing IceCar German labor.
Nobody wanted EV's,we are forced to buy them