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EV Market Recalibration, Home Charging Is Just Fine, Amazon Cuts Thousands and Invests Billions

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Manage episode 516156551 series 2988189
Content provided by More Than Cars Media Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by More Than Cars Media Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Shoot us a Text.

Episode #1181: Today we’re talking about an EV market hitting the brakes post–tax credit, why most electric drivers are just fine charging at home, and Amazon’s billion-dollar bet on future jobs—while cutting tens of thousands of its own.

Show Notes with links:

  • The EV market is undergoing a “recalibration” following the end of the federal $7,500 tax credit. J.D. Power says October electric vehicle deliveries are expected to drop 43% from last year, taking EV market share from 8.5% down to just 5.2%.
    • The September “last call” for the credit pushed EV share to nearly 13%, creating a hangover in October sales.
    • Gasoline models now account for nearly 80% of retail sales, while hybrids jumped two full points to 14%
    • J.D. Power’s Tyson Jominy. “The recent EV market correction underscores a critical lesson: Consumers prefer having access to a range of powertrain options.”
  • Do you imagine EV drivers are circling parking lots hunting for chargers? Think again. About 80% of all EV charging happens right at home — quietly, conveniently, and far cheaper than fueling up at a gas pump.
    • The International Energy Agency reports 83% of EV charging in the U.S. and 80% in Canada happens at home.
    • J.D. Power’s EV Experience Study shows drivers rate home charging satisfaction at 85/100 versus just 50/100 for public chargers.
    • “Home charging remains the single biggest advantage of owning an EV,” said Brent Gruber, executive director of EV practice at J.D. Power.

  • Amazon is sending a mixed message to the labor market this week. The tech giant is investing billions to train millions for the “future of work” — while preparing to lay off tens of thousands of its own.
    • The company launched Future Ready 2030, a $2.5 billion initiative aimed at training 50 million employees, students, and job seekers worldwide.
    • At the same time, Amazon is reportedly cutting up to 30,000 corporate jobs, about 10% of its white-collar workforce — its largest round of layoffs since 2022.
    • “Whether someone dreams of working at Amazon, works here now, or has moved on to their next chapter, our goal is the same: helping them have access to the education and training needed to thrive in whatever comes next,” said Beth Galetti, Amazon’s SVP of People Experience and Technology.

0:00 Intro with Paul J Daly and Kyle Mountsier

0:15 Paul's hat from Kazakhstan

2:05 Upcoming ASOTU Edge Webinar with foureyes on Nov. 5

3:00 EV Market Hits Recalibration in October

6:17 83% of American EV Drivers Charge At Home

9:42 Amazon Invests $2.5B In Training, Cuts 30K White-Collar Jobs

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

  continue reading

1190 episodes

Artwork
iconShare
 
Manage episode 516156551 series 2988189
Content provided by More Than Cars Media Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by More Than Cars Media Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Shoot us a Text.

Episode #1181: Today we’re talking about an EV market hitting the brakes post–tax credit, why most electric drivers are just fine charging at home, and Amazon’s billion-dollar bet on future jobs—while cutting tens of thousands of its own.

Show Notes with links:

  • The EV market is undergoing a “recalibration” following the end of the federal $7,500 tax credit. J.D. Power says October electric vehicle deliveries are expected to drop 43% from last year, taking EV market share from 8.5% down to just 5.2%.
    • The September “last call” for the credit pushed EV share to nearly 13%, creating a hangover in October sales.
    • Gasoline models now account for nearly 80% of retail sales, while hybrids jumped two full points to 14%
    • J.D. Power’s Tyson Jominy. “The recent EV market correction underscores a critical lesson: Consumers prefer having access to a range of powertrain options.”
  • Do you imagine EV drivers are circling parking lots hunting for chargers? Think again. About 80% of all EV charging happens right at home — quietly, conveniently, and far cheaper than fueling up at a gas pump.
    • The International Energy Agency reports 83% of EV charging in the U.S. and 80% in Canada happens at home.
    • J.D. Power’s EV Experience Study shows drivers rate home charging satisfaction at 85/100 versus just 50/100 for public chargers.
    • “Home charging remains the single biggest advantage of owning an EV,” said Brent Gruber, executive director of EV practice at J.D. Power.

  • Amazon is sending a mixed message to the labor market this week. The tech giant is investing billions to train millions for the “future of work” — while preparing to lay off tens of thousands of its own.
    • The company launched Future Ready 2030, a $2.5 billion initiative aimed at training 50 million employees, students, and job seekers worldwide.
    • At the same time, Amazon is reportedly cutting up to 30,000 corporate jobs, about 10% of its white-collar workforce — its largest round of layoffs since 2022.
    • “Whether someone dreams of working at Amazon, works here now, or has moved on to their next chapter, our goal is the same: helping them have access to the education and training needed to thrive in whatever comes next,” said Beth Galetti, Amazon’s SVP of People Experience and Technology.

0:00 Intro with Paul J Daly and Kyle Mountsier

0:15 Paul's hat from Kazakhstan

2:05 Upcoming ASOTU Edge Webinar with foureyes on Nov. 5

3:00 EV Market Hits Recalibration in October

6:17 83% of American EV Drivers Charge At Home

9:42 Amazon Invests $2.5B In Training, Cuts 30K White-Collar Jobs

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

  continue reading

1190 episodes

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