Latest / Elon Musk Podcast / Tesla Executives to Visit India, Discuss Local Supply Chain

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Tesla Executives to Visit India, Discuss Local Supply Chain · Elon Musk Podcast

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  Hi everybody, and welcome back to another electrifying, episode
• 0:37
  of the Elon Musk podcast. Today, we're diving into a story
• 0:41
  that's currently sparking conversations around the globe.
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  We're talking about Teslas recent move towards India, a
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  country with a burgeoning market for electric vehicles, will be
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  discussing the upcoming visit of Tesla Executives India.
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  Their plans to meet with government officials and the
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  potential of establishing a local supply chain for Tesla
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  vehicle components. Also delve into the implications
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  of this move, The challenges Tesla is facing the Indian
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  market and what this could mean for the future of electric
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  vehicles. Now, and it potential game
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  changing move for the EV industry, a delegation of senior
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  Tesla executives are visiting India.
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  Now, to visit confirmed by multiple media, sources is
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  intended to facilitate discussions with federal
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  government officials. Now, these include
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  representative from the prime minister's office in the
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  primary, Some of these discussions will be the
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  exploration of local Supply chains for Tesla vehicle
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  components. Now, this visit could also
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  signal a turning point in the historically strained
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  relationship between India and Tesla.
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  The EV giant had previously attempted to penetrate the
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  Indian market even going so far as to form a local team, and
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  begin vehicle testing. However, the Indian government's
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  refusal to make concessions on tax policy, coupled with its
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  advise against Tesla selling. China made cars in the country
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  led to a stalemate in the delegation from Tesla will
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  comprise of senior Executives and managers from the company
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  supply chain manufacturing and Business.
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  Development teams are all based in Austin Texas, and it's
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  anticipated that the executives. Once again, broach, the topic of
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  lower import taxes on their vehicles, potentially suggesting
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  alternative solutions to the impasse.
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  Now, recent reports suggest that Tesla has initiated discussion
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  is around building an EV Factory in India.
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  This news follows the company's announcement of the development
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  of a next-generation platform and two new car models in.
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  According to sources, Tesla has proposed the establishment of an
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  EV manufacturing plant in India, intended for both domestic sales
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  and exports. And this could resolve the
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  deadlock that has characterized, the relationship between Tesla
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  and India and last year in. Do you reject it?
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  Is this request for a tax cut on Car Imports?
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  Which could have been as high as 100%.
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  And the Indian government has been pushing for Tesla to
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  produce cars locally, while Tesla has been keen on testing
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  the market with Imports first, and the upcoming visit by Tesla,
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  senior Executives to India. Seen as a significant step
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  toward resolving these issues, while there are no discussions
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  about lower import taxes. So far Tesla has offered to set
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  up a new Factory, although the location An investment amount
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  remains unspecified that wouldn't Marge, Tesla announced
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  the development of new car models.
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  Based on a Next Generation platform is Vehicles, which will
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  be produced using Innovative methods and Technologies are
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  expected to be more affordable. There are by appealing to a
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  wider consumer base and Tesla initially planned to build a
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  factory in Mexico to produce these new cars with production
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  slated to begin soon and given the affordability of New models.
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  They could potentially be a huge success in the market of India.
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  And as Tesla continues to innovate and expand, it makes
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  strategic sense for the company to establish a new Factory in
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  India. This would not only cater to the
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  local market, but also serve as a hub for exporting.
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  These affordable Tesla car models to other countries and
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  this move by Tesla could potentially revolutionize the EV
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  Market in India. A country that is increasingly
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  focusing on sustainable and renewable energy.
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  Energy sources, it also aligns with India's ambitious goals.
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  Becoming a major player in the global EV market.
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  Now, there's no further developments as of right now,
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  but the future of Evie's in India is looking pretty bright.
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  If Elan and Company are going over there and possibly building
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  a factory. Now, let's move our Focus from
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  India to the United States in a move that sparking controversy
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  among EV owners. Texas, governor, Greg Abbott is
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  officially signed. Bill that imposes, a 200 dollar
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  annual fee for Ev registration, renewals effective from
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  September 1st 2023, its new legislation.
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  Also mandates an additional $400 fee for registering a new EV is
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  important to note. This text is exclusive to fully
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  electric vehicles like Tesla's and it's pairs hybrids, and
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  plug-in hybrids. The revenue from this new EV
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  registration fee, will be funneled into the same coffers
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  as the existing 20 cents per a gallon gasoline tax, which funds
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  Texas's road infrastructure. So the State House
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  Representative quoted by the Dallas Morning News emphasized,
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  the significance of this move stating.
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  This is extremely important to make sure people are paying
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  their fair share and that we have adequate funding for the
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  preservation and maintenance of our highways in the future.
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  Now with over 200,000 EVS currently on Texas roads and
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  additional 30,000 dead this year.
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  The state anticipates raising at least 38 million dollars from
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  this new fee. This figure while substantial is
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  dwarfed by the projected, 3.8 billion dollar revenue from the
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  gas tax in 2024. However, the financial impact an
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  individual's EV owners is more pronounced with Texans driving
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  gas-powered Vehicles, paying an average of approximately 130
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  dollars per year and state gas taxes according to EPA and
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  Federal Highway Administration data.
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  Now while the concept of an annual Levy registration fee was
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  not widely contested. When the bill was proposed
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  critics have voiced concerns about the fees amount Luke
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  Metzger executive director of environment, Texas argued in
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  April if that's a 200 dollar fee the driver of a Nissan Leaf
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  which is efficient might be paying as much as a driver of a
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  gas-powered Hummer which is ridiculous.
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  Now despite these objections, the Texas house, unanimously
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  approved, the bill last month, And with Governor Abbott
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  signature, it is now official state policy.
• 7:10
  I want to say thank you for listening to the Elon Musk
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  pod. There's a link in the show
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