Business
Where Electric Vehicles Are (and Aren’t) Taking Off Across the U.S.
Electric and hybrid vehicles have soared in popularity.
Last year, Americans bought more than one million fully electric cars, trucks and SUVs, a record and a milestone for the country’s transition away from gas-powered vehicles.
Electric vehicles grew to 8.5 percent of new auto registrations nationwide. Hybrids, which are gaining popularity among those who still want gas as a backup, accounted for an additional 10 percent.
But enthusiasm for plugging in hasn’t spread equally across the country.
Electric vehicle registrations grew rapidly in many metro areas, including in some states like Florida and Texas that were “not on the map” just a few years ago, said Tom Libby, an analyst at S&P Global Mobility, an automotive market research firm. But the West Coast, and especially California, continued to dominate the electric vehicle market.
Electric share of new auto registrations in major metro areas Source: S&P Global Mobility
Note: The 50 major metropolitan areas with the highest share of vehicle registrations that were electric in 2023 are shown.
E.V. Popularity is Unevenly Spread
Last year, electric vehicles accounted for more than 30 percent of auto registrations in the San Francisco Bay Area, according to data from S&P Global Mobility. In Los Angeles, that number was close to 25 percent.
At the same time, “there are still parts of the U.S. that, frankly, don’t have anything to do with E.V.s,” Mr. Libby said. “They just have no interest in them.” Just 3 percent of vehicle registrations were electric in Detroit, the country’s auto capital, and only 1 percent in the Bismarck, N.D. area.
Americans who have made the shift to electric vehicles so far tend to be richer, younger and more likely to live in urban areas than the average person, research shows. Many reported being motivated by environmental concerns, and some by interest in the latest, cutting-edge technology.
That profile is changing, experts said, but slowly.
To fight climate change, the Biden administration and many state governments want to accelerate the transition to electric vehicles. That’s because cars, SUVs and pickup trucks powered by gas and diesel are, together, one of the biggest sources of planet-warming greenhouse gas emissions in the United States. (They’re a major source of other harmful air pollution too.)
But many consumers still have reservations about going electric.
A 2023 survey conducted by the Pew Research Center found half of American adults, and 70 percent of Republicans and those who lean Republican, said they were not likely to consider purchasing an electric vehicle as their next car.
Lack of widespread and reliable public charging stations is one of the biggest roadblocks to broader electric vehicle adoption, experts said. Small towns and rural areas with few charging stations have some of the lowest rates of E.V. uptake in the country. But even people in urban areas can have trouble plugging in if they live in an apartment building instead of a single-family home with a garage.
“Being able to charge at home is the thing that very much still divides the E.V. experience from pretty easy and kind of hard,” said Ken Kurani, a researcher focused on electric vehicles at the University of California, Davis.
Public chargers can be less efficient in freezing temperatures, too. Some Tesla owners in Chicago struggled with charging during an icy blast in January. Experts said that was an unusual case. Norway, no stranger to cold, has the highest E.V. adoption rate in the world. Still, stories of charging troubles like these can affect public attitudes, Dr. Kurani said.
High prices are another top consumer concern.
Domestic E.V. manufacturing has boomed.
Brittany Greeson for The New York Times
Charging is still a concern for many consumers.
Philip Cheung for The New York Times
An analysis of vehicle prices by S&P Global Mobility found that most electric automobiles on the market today cost significantly more than similar gas-powered models. “We’re talking 20 to 40 percent more for E.V.s,” Mr. Libby said. Federal tax credits of up to $7,500 are available but apply to a relatively small number of models.
Only two electric vehicles in the analysis, both made by Tesla, cost the same or less than similar gas models. One of those, the Model Y, became America’s fifth best-selling car last year, the first time an electric vehicle broke into the top five.
Tesla has repeatedly cut prices on the Model Y and other vehicles to make them eligible for tax credits and to lift sales. The company also owns and operates the largest fast-charging network in the United States.
Tesla is now opening up that network to electric vehicles made by competitors, including BMW, Ford and Hyundai, which will move to a common charger standard. And the auto industry is making improvements to range, battery costs and other factors.
Still, demand for E.V.s has cooled, a sign, industry experts say, that the hard part may just be starting for the budding electric vehicle transition.
“We’re starting to see E.V.s having to move more into the mainstream market and become desirable to everyone rather than just the early adopters and evangelists,” said Jessica Caldwell, the head of insights at Edmunds, a website that tracks the automotive industry.
Ford and General Motors recently scaled back their E.V. ambitions, citing slowing sales. Some models are piling up on dealers’ lots. Even Tesla, the industry leader, is facing a slowdown in growth.
Analysts expect the American electric vehicle market to continue growing in 2024, but at a slower pace. Nationally, E.V. sales were up 46 percent between 2022 and 2023, according to Kelley Blue Book. This year, sales are forecast to grow around 20 to 30 percent.
As charging stations and battery performance continue to improve and prices come down, electric vehicles will most likely gain wider acceptance, said Dr. Kurani of U.C. Davis. But for now, “there are some very real ways in which, in comparison to conventional vehicles, electric vehicles either really are still struggling to be as good or better, or are struggling against the imagination that they’re not as good or better,” he said.
“There’s a lot of work to be done,” he said, before everyone is buying an E.V.
Business
Read Nick Bilton’s Letter to Scott Pelley
Dear Mr. Pelley:
I meant what I said in my letter last week to the 60 Minutes team: joining 60 Minutes is the honor of my career and I am grateful to be working alongside the people who have contributed to the most important television journalism brand this country has ever produced. While I’m new to 60 Minutes, I’ve devoted my career to investigative journalism and storytelling. I started this job excited to collaborate and to benefit from the wisdom and experience of the 60 Minutes veterans, with you among them. For that reason, one of the first things I did in my new role was call you to talk and invite you to dinner. It is a profound disappointment that you rejected that overture and chose ambush instead. Yesterday, you hijacked my first meeting with staff to disparage me, my qualifications, and my intentions with remarkable incivility and contempt. I welcome a diversity of viewpoints and respectful debate among the team, but this was nothing of the sort. Yesterday’s performative display of hostility enacted in front of the staff instead of in a civil, private conversation-demonstrated that you have no interest in contributing to the future success of the show, or approaching my new tenure with a mind open to collaboration and progress. I am here to deliver first-in-class news programming, not to make headlines about newsroom drama. I am eager to work alongside those who share this goal.
Despite yesterday’s misconduct, I had hoped that in sitting down with you today we could find a path forward together. You made clear that you are not interested in such a path.
Your antipathy to the future of the show has come through loud and clear. And I have heard you. I therefore write on behalf of CBS News, Inc. (“CBS”) to inform you that your employment with CBS is terminated for cause effective immediately. Enclosed is your formal termination letter.
Sincerely,
Nick Bilton
Executive Producer, 60 Minutes
Business
Aspiration co-founder sentenced to 14 years for fraud
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million.
The startup, an eco-friendly digital banking company boasting fossil fuel-free investments, carbon offsets for gas purchases, and a debit card with cash-back benefits for shopping at clean companies, was founded by Sanberg and Andrei Cherny. Cherny left the company in 2022 and has not been charged.
Sanberg, an Orange County native, pleaded guilty to wire fraud in October after being arrested in March last year. Aspiration subsequently filed for bankruptcy and liquidated all of its assets by July.
Sanberg and venture capitalist Ibrahim AlHusseini, who also faces charges, together forged a series of bank statements in order to obtain loans. From 2020 to 2021, the pair forged AlHusseini’s bank statements to show millions of dollars in assets in order to obtain millions of dollars from lenders.
Additionally, they forged a letter from their audit committee stating that $250 million in funds were available, when in reality Aspiration had less than $1 million. The amount of loans defrauded exceeded $248 million.
In 2021, Sanberg artificially inflated Aspiration’s 2021 revenue by $44 million by recruiting 27 fake customers to sign letters of intent pledging tens of thousands of dollars per month for tree planting services. Sanberg himself funded the contracts and used the inflated revenue numbers to obtain more loans.
The charges sparked an NBA investigation into salary cap allegations due to Aspiration’s connections with Clippers owner Steve Ballmer.
Ballmer personally invested $60 million in Aspiration, all of which was lost. He is now the target of a civil lawsuit alleging his participation in the scheme. Ballmer denies the allegations.
The team announced a $300-million sponsorship deal with Aspiration, and Clippers player Kawhi Leonard signed a four-year, $28-million marketing contract with the company, which reportedly performed no duties. The issue has raised concerns about how players are circumventing the NBA’s salary cap.
The team lost the $300-million sponsorship deal and an additional $20 million paid for carbon offset purchases.
Business
Monterey Park takes landmark vote on banning data centers
Residents in the city of Monterey Park will be the first in the nation to vote on a permanent ban on data centers Tuesday.
If approved, Measure NDC would prohibit data centers within the city limits and could only be overturned by another vote.
Yard signs saying “No Data Center” in English and Chinese with images of dragons line sidewalks in the San Gabriel Valley city.
As a wave of data center opposition sweeps the country, numerous towns and counties across the U.S. have instituted temporary moratoria and other restrictions on the facilities. But only a handful have instituted indefinite bans, and just four other towns have sent related matters to the ballot.
Supporters are hoping the vote will set a precedent for the rest of the region, where residents are fighting proposals in Vernon and City of Industry.
“This is about as permanent a ban as we can get,” said Steven Kung, co-founder of the group No Data Center Monterey Park. “Winning Measure NDC would send a huge message to the rest of the San Gabriel Valley about how residents don’t want data centers.”
The ballot measure emerged from the fight against a 247,000-square-foot center proposed in 2024 by the Australian-owned investment firm HMC StratCap for a residential area in Monterey Park.
The facility would have sat less than 500 feet away from the nearest home and used three times the electricity of the 60,000-person, predominantly Asian American city.
While the developer touted the potential for jobs and tax revenue, residents expressed concerns about noise and air pollution, rising electricity rates and a potential to lower property values.
The company pulled its plans in late March following public outcry and a March 4 city council vote to extend a temporary data center moratorium and place a ban on Tuesday’s ballot.
In a letter to the city council, HMC StratCap said it would pursue a different use for the land and would not engage in a ballot measure fight.
The city council later banned data centers indefinitely, the first in California to do so, said Mayor Elizabeth Yang. But she’s still been out campaigning for the measure with all four other council members.
“If a council puts in an ordinance, a future council can reverse it too,” said Yang. “With the ballot measure, unbanning it is a lot harder because you need the entire city to vote on it.”
The measure proposes the ban “to protect air quality, drinking water resources, and public health” and “prevent impacts to electricity and water rates.”
While California places third in the country for existing data centers with about 300 facilities, it hasn’t been a hot spot in the recent AI-driven data center boom. High electricity rates, expensive land and regulatory hurdles mean that fewer, and smaller, facilities are currently planned than in Virginia, Texas, Georgia, Illinois or Arizona.
“Most of California’s data centers are small by today’s standards,” said Shaolei Ren, an engineering professor at UC Riverside who studies how to reduce the environmental impacts of data centers. “Ten years ago, they would be medium-sized, but the power demand for new AI data centers has increased a lot.”
The average operating data center demands 45 megawatts, according to the Washington Post, while the average planned one would draw 430 MW. The one proposed for Monterey Park would have required about 50 MW at peak demand.
As proposals crop up in SoCal, they’re met with fierce opposition. Montebello, El Monte and Baldwin Park have all enacted temporary moratoria, and Alhambra recently banned data centers as part of a zoning code update. City of Industry, Vernon, City of Commerce and Santa Fe Springs are moving in the other direction, trying to court developers and streamline data center approvals. Community groups are fighting that.
Outside the San Gabriel Valley, residents of Coachella and Imperial County are showing up in droves to protest local proposals.
Matthew Shaw, a volunteer with the Coalition for Responsible Data Center Development, who recently published a report on opposition to AI data centers, said a vote to ban them in Monterey Park “would lead to copycats, partially because so many groups are just opposed to any data center development at all.”
While there is no formal opposition to Measure NDC, some building trades like Ironworker Local 433 supported the Monterey Park data center when it was still live before city council. Those in the data center industry are lamenting the state of public opinion.
“These are multi-billion-dollar assets that are built by multi-trillion-dollar companies. These things will get done,” said Mehdi Paryavi, chairman of the International Data Center Authority. “My biggest problem is that our industry does not invest enough in community engagement.”
Paryavi said towns that seek to limit data centers are missing out on thousands of jobs generated by data center construction, operations and customers, as well as faster artificial intelligence speeds and better performance.
Kung said local community organizers are “looking at the empirical evidence” and seeing a ban as a win.
“We’ve never seen a city that embraces a data center and is like, ‘Look how our quality of life has increased, look how all the revenue has gone into citywide improvements,’” he said. “That just doesn’t exist.”
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