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17 Dec, 11 tweets, 2 min read
15% Of Diesel Pickups In The U.S. Have Emissions Defeat Devices

A study conducted by the U.S. Environmental Protection Agency’s Air Enforcement Division has revealed the full scope of aftermarket emission defeat devices used by U.S. diesel vehicle owners
carscoops.com/2020/12/15-of-…
In the report the AED estimates that emissions controls have been removed from more than 550,000 diesel pickups in the last decade
The removal of these systems will produce more than 570,000 tons of excess oxides of nitrogen and 5,000 tons of excess particulate matter over the lifetime of these vehicles
The report relates specifically to class 2b and class 3 diesel pickups (those weighing between 8,501 lbs – 14,000 lbs) and not those that weigh less or more
All up, the AED says the 550,000 tampered trucks constitute approximately 15% of the national population of diesel trucks that were originally certified with emissions controls systems
The excess nitrogen oxide produced by these trucks is the equivalent of adding more than 9 million additional diesel pickups to the U.S.’s roads
While the Clean Air Act prohibits tampering with emissions controls, the EPA has found numerous companies and individuals manufacturing, selling, and installing hardware and software designed to defeat these controls
The most common way to defeat the controls are through simple software tunes that alter the engine’s software functions and calibrations

Many owners also fit straight-through exhaust systems, thereby removing the standard exhausts that contain the after-treatment systems
The AED report also reveals that states without regular vehicle inspections have a higher percentage of diesel trucks with defeat devices

For example, as many as 18.6% of North Dakota’s pickup truck fleet in 2016 is estimated to have defeat devices
Other states high up in the list include :

- Idaho with 15%

- Wyoming with 14.2%

- Maine with 13.5%

- Michigan with 13%

At the bottom of the list is California with 1.8%, hardly a surprise given its strict enforcement of emissions standards
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More from @jpr007

18 Dec
@19Joe92 @Kristofus97 I am all in favor of competition with a level playing field

But when you deploy billions of dollars from the deep pockets of the ECB into uneconomical and uncompetitive projects that will never be expected to recover their original capital investments . . . Image
@19Joe92 @Kristofus97 . . . and then enter the market against a privately funded initiative that has to fund itself and recover the full economic cost of its operations from its customers . . . Image
@19Joe92 @Kristofus97 . . . you risk creating a serious market distortion that destroys or undermines the natural value of private capital while simultaneously burning public capital

When done knowingly this represents the worst example of value-destructive market interventions by the public sector
Read 4 tweets
18 Dec
VW STRUGGLING TO SELL ID.3

Greenpeace has published a new report examining the weak response to the new ID.3 in Europe

- and particularly in its home market of Germany

greenpeace.de/sites/www.gree…
VW is positioning itself as the German pioneer in the transition from diesels and petrol engines in favour of electric cars

And with the market launch of their ID models, the world's largest carmaker promises "e-mobility for all"
Group CEO Herbert Diess never misses an opportunity to emphasise the importance of battery cars in the fight against climate change

In the aftermath of the 2015 diesel scandal, positive communication on the transition to BEVs is an important part of a new image cultivation
Read 19 tweets
17 Dec
OH MY . . . TOYOTA’S LEADERSHIP LOSES THE SCRIPT

Toyota’s Chief Says “Electric Vehicles Are Overhyped”

Toyota President Akio Toyoda said “Japan would run out of electricity in the summer if all cars were running on electric power”
wsj.com/articles/toyot…
FIRST, LET’S SEE WHAT THE WSJ REPORTS :

Toyota Motor Corp.’s leader criticized what he described as excessive hype over electric vehicles, saying advocates failed to consider the carbon emitted by generating electricity and the costs of an EV transition
The infrastructure needed to support a fleet consisting entirely of EVs would cost Japan between ¥14 trillion and ¥37 trillion, the equivalent of $135 billion to $358 billion, he said
Read 21 tweets
17 Dec
Technologies used by Volkswagen to rig vehicle emissions tests should be considered illegal, the European Union’s highest court ruled on Thursday, even if they contribute to preventing ageing or clogging up of the engine
in.reuters.com/article/us-vol…
The Court of Justice of the European Union was asked to rule in a French prosecution against the carmaker for allegedly deceiving purchasers of diesel vehicles
Volkswagen had argued in favour of a restrictive definition of devices used to rig emissions tests, limited to technologies and strategies operating only “downstream” or after potential emissions are produced
Read 9 tweets
17 Dec
LG Energy Solution is set to become the first company to produce batteries with nickel, cobalt, manganese and aluminum NCMA anode materials for EVs next year

They will provide the NCMA batteries to Tesla, according to industry sources
m.koreatimes.co.kr/pages/article.…
LG Energy Solution has stated it will produce the battery beginning in the second half of 2021

The NCMA battery cathode is 90% Nickel and the percentage of Cobalt is below 5%
The high nickel percentage brings up energy density and enables EVs to travel a distance of 600 kilometers per charge

Existing batteries only enabled the vehicles to travel 500 kilometers per charge
Read 11 tweets
16 Dec
The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Institutional Investor
institutionalinvestor.com/article/b1pgz6…
John Fichthorn had been in the hedge fund business for more than 20 years when a half-hour phone call with a stranger put him on high alert
In December 2017, Fichthorn — a veteran short-seller and the founder of hedge fund Dialectic Capital Management — had joined the board of a troubled small-cap company called Health Insurance Innovations
Read 6 tweets

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