Continued Investments ($600B) From SA Over 4 Years

[msaunders9430]

Saudi crown prince says kingdom intends to invest $600 billion in US during call with Trump

The comments from Crown Prince Mohammed bin Salman came after President Donald Trump mused about returning to the kingdom as his first foreign trip.

apnews.com

 

[Batteryman]

Imagine if they invested all the 600 billion in electric charging infrastructure.....hahahahaha

 

[msaunders9430]

Imagine if they invested all the 600 billion in electric charging infrastructure.....hahahahaha

No, no, no. We can't have that.
At least 1% should go to Lucid.

Think about it. That 1% ($6B) is more than the total the PIF has already invested in Lucid.
Imagine 10% to Lucid!

I could be wrong, but this funding should definitely keep Lucid in a favorable position overall and on the "good" list with the new administration.
Those with concerns that the PIF would stop investing in Lucid should now have their answer.

The obvious question is where will that $600B go!? $150B each year!
Infrastructure perhaps, but maybe another Lucid factory.
All funds may not go to EV-related needs.

Another obvious question: Doesn't look like the announcement affected Lucid's stock price. Why?
Tons of speculation ahead.

 

[Cosmo Cruz]

I wonder, is the unavailability of a public charging network a big reason for the slow adoption of EVs in the US ?

I have read that over 80% of the new cars sold in Norway are EVs... so it's not cold-weather issues.

EVs are more expensive but (one hopes) longer-lasting. I don't see any level II chargers at any of the apartment buildings or condos -- certainly not enough for the tenants even in the rare housing that has one or two installed as a marketing "gimmick". None of the luxury condo buildings in the city have them. I don't know where the fast-chargers in the city are, but they certainly not near any housing. We are looking to move from our suburban house to a condo. Lack of the convenience to charge my car anytime (I have a home charger) is a problem that may force us to go back to ICE cars when we sell our suburban home. The wife drives an ICE car, and I can't convince her to swap it for an EV . Her reasons are sound. She doesn't want the risk and inconvenience of an EV.

Going to my EV and then driving to a bank of fast chargers, then waiting (hours?) in the chaos of "who's on first?" does not sound like fun. When will all the fast charger banks have a "Take a Number" deli device?

Is another ICE car in our future? With the new administration canceling future EV infrastructure build-out in favor of oil and gas drilling, I do not hold hope for the slowing of the crisis.

We're taking a huge step backwards... the horror ... the horror

 

[msaunders9430]

I wonder, is the unavailability of a public charging network a big reason for the slow adoption of EVs in the US ?

I have read that over 80% of the new cars sold in Norway are EVs... so it's not cold-weather issues.

EVs are more expensive but (one hopes) longer-lasting. I don't see any level II chargers at any of the apartment buildings or condos -- certainly not enough for the tenants even in the rare housing that has one or two installed as a marketing "gimmick". None of the luxury condo buildings in the city have them. I don't know where the fast-chargers in the city are, but they certainly not near any housing. We are looking to move from our suburban house to a condo. Lack of the convenience to charge my car anytime (I have a home charger) is a problem that may force us to go back to ICE cars when we sell our suburban home. The wife drives an ICE car, and I can't convince her to swap it for an EV . Her reasons are sound. She doesn't want the risk and inconvenience of an EV.

Going to my EV and then driving to a bank of fast chargers, then waiting (hours?) in the chaos of "who's on first?" does not sound like fun. When will all the fast charger banks have a "Take a Number" deli device?

Is another ICE car in our future? With the new administration canceling future EV infrastructure build-out in favor of oil and gas drilling, I do not hold hope for the slowing of the crisis.

We're taking a huge step backwards... the horror ... the horror

Slow adoption? Some would disagree.
Slow is a relative term that depends on expectations which are all over the place depending on who you ask.
Slow or not, an increase in public charging stations will definitely help with adoption.

Living in a condo with an ev. Hmmm.
There are people who probably do it.
You just need to find them and get their input.

 

[Lucidicrous]

Under the 2022 California Building Code, effective January 2023, new single-family homes must include pre-wiring for Level 2 chargers, while multifamily units require 40% of parking spaces to be EV-capable and 10% equipped with Level 2 chargers. Starting in 2026, all new residential units will require at least one EV-ready parking space per unit, including a 240V/20A outlet.

I believe there is enough EV demand from California in next few years to keep Lucid busy.

 

[The Hack]

I leave in a three story condominium project in California. My circuit breaker panel is located in my unit on the 3rd floor.

Luckily our individual meters are located in a utility room in our underground parking garage. Licensed electrical contractors are able to connect to the meter to install Level 2 chargers. The installation is more complex and more expensive than the typical 220 installation located in a single family or townhome garage but I just looked at as part of my Lucid Air purchase price and a valuable addition for home resale value.

 

[borski]

When will all the fast charger banks have a "Take a Number" deli device?

Some EVGo chargers now let you reserve remotely ahead of time:

EVgo Reservation Program | Reserve a Fast Charging Session

EVgo Reservations™ provides our customers with the peace of mind that a charger is available where they are going - when they want it. Reserve a charger today!

www.evgo.com

Chargepoint also now has a Waitlist feature:

https://www.chargepoint.com/drivers/waitlist-faq/