A quick rundown: First, in the middle of the month, news broke that Superpedestrian was shutting down just 18 months after raising $125 million in fresh funding. A few days later, Micromobility.com, formerly known as Helbiz, was delisted from Nasdaq for failing to maintain a share price above $1. Then came the biggest shockwave of all: Bird, the largest e-scooter company in the U.S. with a one-time valuation of $2.5 billion, filed for bankruptcy.

E-scooter companies are going bankrupt. That should alarm you even if you hate them —https://www.fastcompany.com/91005446/e-scooter-companies-are-going-bankrupt-that-should-alarm-you-even-if-you-hate-them

TBH I never understood this e-scooter thing from the very beginning.

Maybe I’m too risk adverse.

UCLA-led research finds that scooter injuries nearly tripled across the U.S. from 2016 to 2020, with a concurrent increase in severe injuries requiring orthopedic and plastic surgery over the same period.

The study, which compared national trends in scooter and bicycle injuries during the period, also found that costs to treat those injuries rose five-fold, highlighting the financial strain these injuries pose to the healthcare system — a finding that “underscores a critical juncture for discerning the underlying causes of injuries and informing policies for injury prevention,” the researchers note.

University of California – Los Angeles Health Sciences. “Hospitalizations for scooter injuries nearly tripled in the US between 2016 and 2020, UCLA-led research finds.” ScienceDaily. ScienceDaily, 9 January 2024 — https://www.sciencedaily.com/releases/2024/01/240109121215.htm

Turkey’s Koc Holding said it revoked an agreement with Ford Motor and South Korean battery maker LG Energy Solution for a joint venture to produce battery cells for commercial electric vehicles…LGES said the three companies had mutually agreed to scrap the plan due to the current pace of consumer electrification adoption.

Ford’s joint battery cell plant in Turkey is scrapped — https://europe.autonews.com/automakers/ford-battery-plant-turkey-dropped-slow-ev-adoption

At the end of Q3 2023, Hertz told investors that significant price cutting during the year had “resulted in lower EV residual values, increasing vehicle depreciation expense and negatively impacting salvage cost.” Additionally, its rental EVs were damaged or crashed more often, and the much higher cost of repairs for Tesla vehicles—on average about 20 percent higher than other EVs—has meant that Hertz’s Teslas earn it less money per vehicle than its other rentals.

Consequently, it’s selling off 20,000 EVs over the course of this year. Currently, the company has over 700 EVs for sale, including 35 Chevrolet Bolts, four Kia EV6s, a single BMW i3 and Nissan Leaf, and then 673 Teslas—552 Model 3s and another 121 Model Ys.

Hertz is selling 20,000 used EVs due to high repair costs — https://arstechnica.com/cars/2024/01/hertz-is-selling-20000-used-evs-due-to-high-repair-costs/

There is a reason for such unusually rapid depreciation. It is precisely because the device is in need of a new battery – and the cost of that battery is (in this case) in the range of $13,000-plus. Not counting the cost of the installation.

Don’t Buy a Used EV — https://www.ericpetersautos.com/2024/01/12/dont-buy-a-used-ev/

In Indonesia, nickel extraction is causing environmental and social devastation.

The dirty road to clean energy: How China’s electric vehicle boom is ravaging the environment — https://restofworld.org/2022/indonesia-china-ev-nickel/

Over the past few years, as Tesla built out its gigafactory near Berlin, it cut down around half a million trees.Kayrros, a company that analyzes satellite images using AI, made the calculation. Tesla cleared around 813 acres of forest between March 2020 and May 2023, according to the analysis. Tesla cut down 500,000 trees to build its German gigafactory

So going green is good?