Cox believes Tesla could reverse the decline with the introduction of the Cybertruck electric pickup truck. Unfortunately, the decision was made to delay deliveries because the stainless steel body supplied by supplier Otto Kemp was too heavy for the Cybertruck’s range.

Cox said, “Higher inventory levels, greater product availability and downward pricing pressure have helped spur continued linear growth in EV sales in the U.S. market.” He added that the price war initiated by Tesla has reduced the average EV price to $50,683 in September from $52,212 last month.

Total electric vehicle sales in the U.S. rose nearly 50% year-over-year in the third quarter, accounting for a record 7.9% of total industry sales. Rivian delivered more vehicles than analysts expected in the third quarter and reaffirmed its annual production target of 52,000 vehicles.

Meanwhile, Tesla’s third-quarter deliveries fell short of market expectations as its factory’s planned upgrades to roll out a refreshed version of the Model 3 halted production.

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Microsoft Corp. said the IRS notice is related to an ongoing dispute between the company and U.S. tax authorities, who are auditing how Microsoft distributes its profits across different countries and regions.

Daniel Goff, a Microsoft vice president, wrote in a blog post:

Microsoft has changed its corporate structure and related operations since the years covered by the audit, so the issues raised by the IRS are not relevant to current corporate operations. Microsoft has been working with the IRS for nearly a decade to address questions about how the company allocates income and expenses for tax purposes.

We are confident that our actions are in compliance with IRS rules and regulatory requirements and that we can rely on case law to support us. We welcome the conclusion of the IRS's audit phase, which will give us the opportunity to resolve the tax dispute in an appeal before the IRS, an independent arm of the IRS.

Microsoft also stated that the IRS’s proposed additional tax bill of $28.9 billion does not include taxes paid under the Tax Cuts and Jobs Act, which could result in a reduction in the total tax bill of as much as $10 billion.

Microsoft has indicated that it disagrees with the IRS’s findings and plans to contest them, first in the IRS’s internal proceedings and then, if necessary, in court.

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Xu Jigao has been in the United States for half a century. In addition to obtaining a doctorate in structural engineering, he also succeeded in starting a business. Currently, he owns a real estate company and a bridge company. The bridge company specializes in public works, so he has a deep understanding of American culture.

Xu Jigao believes that there is no problem with TSMC’s establishment of a factory in the United States, but it has made a site selection error. He pointed out that TSMC chose to build a factory in Phoenix, Arizona, because of the requirements and influence of the US government, not out of self-interest considerations. He believes that Arizona is located in the lower reaches of the Colorado River, and water resources are very scarce, and semiconductor manufacturing requires a lot of water. In addition, Arizona also lacks sufficient talent and workers, which will affect the production efficiency and quality of TSMC’s US plant.

Xu Jigao gave examples such as Toyota Motor’s establishment of a factory in Tennessee under the persecution of the US government, Samsung Semiconductor’s choice of Austin, Texas, and Hyundai’s choice of Alabama. Favourable places.

In addition to the problem of site selection, Xu Jigao also pointed out the cultural problems faced by TSMC in setting up factories in the United States. He said that Taiwan’s political and business circles don’t have a deep understanding of the United States, and they just moved Taiwan’s practices to the United States and did not really integrate into the local culture and society. TSMC built a factory in the United States and hired many engineers from Taiwan. The outside world thinks that TSMC is doing it for cheap wages, but he thinks it’s not. The people in Taiwan are hardworking and reliable, but they moved everything from Taiwan to the United States. But it violated the taboo of the United States.

Xu Jigao suggested that since you want to set up a factory in the United States, you must put down roots, use local talents, and understand the local culture. He said that if the quality of local workers is not enough, they should be well-trained to make them loyal employees of TSMC. He also said that TSMC should hurry up and learn how to run a transplant business in the United States. The Japanese have learned it, and the Koreans have learned it. He hopes that TSMC can enter the country and do as the Romans do, and quickly establish American industries to convince the Americans.

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On Monday, President Joe Biden said high-speed Internet is no longer a luxury, but an “absolute necessity,” and he pledged to have every U.S. home connected to the Internet by 2030 using American-made cable.

The plan allocates $42.45 billion (currently about RMB 305.64 billion) to build infrastructure in places where high-speed Internet service is not available or is too slow. The program will allocate funds ranging from $27 million to $3.3 billion to each state, depending on the needs of each region. Alabama, California, Georgia, Louisiana, Michigan, Missouri, North Carolina, Texas, Virginia and Washington are the ten states that will receive the most funding. In addition to the states, Washington, D.C., and U.S. territories, such as American Samoa and Puerto Rico, will also receive funding.

The White House says this is the largest Internet funding program in history. Over the next three weeks, President Biden, Vice President Harris, First Lady Jill Biden, Cabinet members and senior administration officials will travel the country touting the benefits of the program, including investments, jobs and new projects. Simply put, high-speed Internet is a necessity in today’s society,” said Mitch Landrieu, senior advisor to the president and White House infrastructure coordinator. Just as President Roosevelt’s Rural Electrification Act made historic investments in rural areas, bringing electricity to nearly every home in America, President Biden and Vice President Harris are committed to leaving no community behind and giving everyone in America access to high-speed Internet.”

Funds from the BEAD program will be used to deploy or upgrade broadband networks throughout the United States and territories so that all people can enjoy decent Internet, an upgrade that is expected to be completed by 2030.

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▲ Photo by Pexels

The announcement said the grants could buy 1,700 American-made buses, nearly half of which would be zero-carbon. The funds come from a bipartisan infrastructure bill passed in 2021, and the U.S. government has made it a priority to put more electric vehicles on the road – especially school buses and public transportation – in an effort to curb the damage caused by climate change.

Every day, millions of Americans take more than 60,000 buses to work, to school, to the doctor and wherever they want to go,” said U.S. Transportation Secretary Pete Buttigieg in an interview with the Associated Press. This grant will represent an unprecedented level of investment in getting modern, clean transit on the road.”

Yesterday’s announcement covers the second round of the U.S. bus and supporting infrastructure grant program, with the U.S. government having invested a total of $3.3 billion (currently about RMB 23.892 billion) in these projects to date, with about $5 billion (currently about RMB 36.2 billion) more expected to be allocated over the next three years.

The Seattle area will receive $33.5 million (currently about $243 million) to purchase 30 electric buses and chargers, and the Washington, D.C. Transit Authority will spend $104 million (currently about $753 million) to convert bus depots into charging facilities and purchase about 100 electric buses. The money will also flow outside of major U.S. cities, such as Iowa City, Iowa, and the Seneca Native American community in Western New York, which will also receive grants.

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A key goal of President Joe Biden’s climate plan is to electrify U.S. vehicles. Transportation is the largest source of greenhouse gas emissions in the United States, and electric vehicles can significantly reduce tailpipe emissions compared to traditional gasoline or diesel vehicles. Biden hopes that by 2030, more than half of all new vehicle sales in the U.S. will be electric, compared to less than 5% today.

However, to achieve this goal, there are still many obstacles to overcome. First, the average price of an electric car is still $15,000 higher than the average non-luxury gasoline car (currently about RMB 104,000). Second, Americans’ enthusiasm for large SUVs and pickup trucks has also affected the development of the electric car market. It is estimated that by 2025, 78 percent of new car sales in the U.S. will be SUVs, pickups or vans.

This preference has led automakers to launch large electric SUVs and pickups in a bid to reap higher profit returns. For example, General Motors announced it will discontinue production of the Chevrolet Bolt electric vehicle at the end of this year and shift its production line to larger and more expensive electric pickups like the Chevrolet Silverado and GMC Sierra. The Chevrolet Bolt is one of the cheapest electric cars on the market, selling for less than $30,000 and qualifying for the $7,500 tax credit for electric cars offered in the Inflation Reduction Act passed last year.

In addition to GM, other automakers have entered the race for large electric vehicles. Ford has introduced an electric version of its best-selling pickup truck, the F-150, Tesla has unveiled its Cybertruck concept pickup and even Hummer, once considered a gas tiger, has been resurrected with a new electric version for a hefty $110,000.

While these large electric cars are more environmentally friendly than their gasoline or diesel counterparts, they have a greater environmental impact than smaller electric cars. First, they require more rare minerals, such as lithium and cobalt, to make the huge batteries. The mining of these minerals can lead to problems such as soil and water pollution and ecological damage. Second, they need more energy to power their massive bodies.

According to the American Council on Energy Efficiency and Renewable Energy (ACEEE) ranking, the Chevrolet Bolt is one of the most environmentally friendly electric cars available in terms of pollution from manufacturing and use, while the new electric Hummer’s battery weighs as much as a small car and contains half the lithium needed for a bus. the ACEEE gave the Chevrolet Bolt a score of 57 “green score” while the electric Hummer scored only 47, even worse than some small gasoline cars.

Environmental engineering expert Alissa Kendall says she herself would “really like” to buy a cheap electric car to replace the Ford C-Max she bought in 2012, but she can’t find a suitable option. “The electric car market is almost entirely dominated by large, luxury, expensive models,” she said, “which doesn’t help low-income people and those who live on the front lines of polluting facilities and climate change.”

Kendall said it’s a positive sign to see extremely polluting large SUVs and pickup trucks replaced by electric versions, but there needs to be some policies and incentives in place to help the U.S. move away from the trend of producing only larger and larger vehicles. “In the long run, the challenge is how do we provide electric mobility for more people, rather than having everyone drive giant vehicles that are bad for the planet, bad for rare minerals, bad for so many other things,” she said, “and we need to think about some social support for smaller and more efficient vehicle policies.”

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Source: pixabay

The U.S. government put forward a related initiative in October last year and has now received commitments from six companies, Anthropic, Google, Hugging Face, Microsoft, NVIDIA, OpenAI and Stability AI, to submit their artificial intelligence systems for public evaluation by the expert community.

“AI requires responsible innovation, and without compromising the rights and safety of these companies, these are important steps to improve people’s lives,” the U.S. government said in a statement.

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Under new U.S. federal rules that will take effect Tuesday, only 10 pure electric vehicles or plug-in hybrid electric vehicles (PHEVs) will be eligible for the full $7,500 credit, including eight all-electric vehicles and two plug-in hybrid electric vehicles.

The 10 vehicles are as follows:

• Tesla Model 3
• Tesla Model Y
• Ford F-150 Lightning pickup truck
• Stellantis’ Chrysler Pacifica PHEV
• Ford’s luxury car brand Lincoln Aviator Grand Touring PHEV
• GM’s Chevrolet Bolt
• Chevrolet Bolt EUV
• Cadillac Lyriq
• Chevrolet Silverado Electric Pickup
• Chevrolet Equinox electric SUV

This year, only four automakers – GM, Ford, Tesla, and Stellantis, which owns Jeep and Chrysler – are eligible for a $7,500 tax credit under new U.S. federal rules.

Meanwhile, seven other vehicles are eligible for a $3,750 (currently about RMB 25,800) tax credit, namely

• Ford Escape PHEV
• Ford E-Transit
• Ford Mustang Mach-E
• Jeep Wrangler 4xe
• Jeep Grand Cherokee 4xe
• Lincoln Corsair Grand Touring PHEV
• Tesla Model 3 Standard Range Edition

The new tax credit is a consumer-oriented incentive that will run through 2032 and is designed to stimulate electric vehicle sales and reduce greenhouse gas emissions.

Under the new tax credit, only vehicles assembled in North America are eligible for the tax credit, but new documents from the U.S. Treasury Department make some vehicles assembled outside of North America eligible for the tax credit, provided they are purchased for lease rather than resale, and then eligible for the incentive through a separate commercial electric vehicle program.

The new list means that vehicles from Volkswagen, Hyundai, Kia, Nissan, BMW, Volvo and Rivian are no longer eligible for the tax credit.

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Source: Counterpoint Research

The report pointed out that the user base of foldable mobile phones in 2022 will be 4.7 million.

• 28% of current U.S. smartphone owners said they would choose to buy a foldable phone when switching phones.
• Samsung is the brand that American consumers are most inclined to buy, accounting for 46%. Apple has yet to launch a foldable phone, but 39% of respondents said they are willing to wait. Motorola accounted for 6%.
• Samsung has the highest stickiness when it comes to folding screen preferences, with 92% of Samsung users planning to stick with the same brand when purchasing a folding screen smartphone.
• 49% of the respondents said they like clamshell folding screens, followed by book-style folding screens.
• Over half of the male respondents prefer clamshell foldables, while female respondents have a slightly lower preference for clamshell foldables at 47%.
• Female respondents (40%) prefer book-type folding screens to male respondents (30%).
• Respondents from higher income brackets are more likely to purchase foldable phones. Respondents with a monthly income of $10,000 and above were the most likely (41%) to purchase a foldable phone.

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In Taiwan, the world’s chip production hub, the region suffered its worst drought in half a century in 2021, when TSMC had to use trucks to transport water to keep its fabs running. This year’s water situation is likely to be even more severe. According to a report by the Canadian Asia-Pacific Foundation, only a quarter of Taiwan’s major reservoirs are now left with water storage, and “water rationing” has become the new normal.

Taiwan is located in a subtropical region, with monsoons bringing rain all year round, but even so, Taiwan is facing a water emergency. The weather in northern Phoenix, where TSMC’s new U.S. plant is located, is even drier than in Taiwan. Phoenix officials estimate that if TSMC builds six fabs there, it could need 493.3 million cubic meters of water a year to supply 160,000 homes.

Sorensen, who headed the research division of the Kyl Center for Water Policy and was the director of Phoenix Water, said Phoenix gets about 40 per cent of its water from the Colorado River. The river flows through seven U.S. states (Arizona is the last) competing for water for hundreds of years. After 20 years of drought, the river is again 40% below its target level.

So it seems that TSMC and rival Intel, which also has a plant nearby, may have to grab water in addition to the market.

About 70% of the Colorado River’s water is used for agriculture, and these farmers are able to get water rations at a reasonable price. Stapleton, an attorney for the Native American Rights Foundation, noted that there are at least 29 Native American tribes in the Colorado Basin claiming water rights.

Therefore, according to Barron, the “water politics” in Phoenix are more complex for TSMC than in Taiwan.

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