2024 EV and Auto Industry Predictions! - Part 1

Grid Connections

In this episode I sit back down with some of Grid Connections guests from 2023 including: John McElroy (President of Autoline), Loren McDonald (Founder of EVAdoption) and Matt Teske (Founder of Chargeway).

Episode Summary:
We explore 2023's transformative trends in the Electric Vehicle (EV) industry in this first episode of a two-part panel discussion. Key topics include - Widespread adoption of the North American Charging Standards (NACS), roll out of the National Electric Vehicle Infrastructure program (NEVI), 2023's turbulent EV sales growth, how EV startups are reshaping the North American market, the critical role of software in EV advancements, and the unmissable impact of Tesla's Cybertruck.

Key Takeaways:

1. EV Sales Growth: Notably slower pace, challenging industry predictions.
2. Legacy Automakers' Challenges: Misjudging the EV market and sales forecasting.
3. Charging Standards Revolution: Tesla's NACS leading, prompting industry-wide adoption.
4. NEVI Program Rollout: Progress in US charging infrastructure.
5. OEMs Slowing EV Production Down: Means more opportunity for Tesla and the EV startups seeing success like Rivian and Lucid.
6. Software's Role in EVs: Driving innovation through user experiences.
7. Cybertruck's Niche Appeal: Unconventional design attracting a unique customer base, while some traditional buyers remain hesitant.
8. Electric Pickups & SUVs: Opportunities missed by legacy automakers.
9. EV Profitability: High-volume sales as a key, exemplified by Tesla's Model 3 & Model Y.
10. Market Competition: Growing rapidly with diverse consumer options.

Coming Up in Part 2: Delving into the global influence of Chinese EVs, the overriding role of software in the EV industry and our panel's predictions for 2024.

Watch previous episodes of the podcast featuring members from this panel on Youtube:
Episode 22: Matt Teske of Chargeway

Episode 14: Loren McDonald of EVAdoption

Episode 13: John McElroy of Autoline

Also if you are looking to either buy a Tesla or even test drive one, feel free to use our referral code.

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