Scout Motors, backed by Volkswagen, aims to change state laws to allow direct sales of its upcoming EVs, similar to Tesla. Meanwhile, South Korean battery giants LG Energy Solution, SK On, and Samsung SDI are experiencing a decline in earnings due to production cuts by global automakers.
Volkswagen-backed Scout Motors broke ground on its new $2 billion electric vehicle plant in South Carolina last year. That factory is expected to roll out EV and EREV trucks and SUVs in the 2027-2028 timeframe. Scout also wants to skip the dealers and sell directly to you through an online portal. But that plan faces huge hurdles, starting in its home state of South Carolina itself.
While the EV ecosystem is capital-heavy and loss-making—barring Tesla and a few Chinese brands who have turned profits—it's also worth noting that the EV transition is more than just focusing on profits. It's about moving towards sustainable transportation and cutting carbon emissions before the planet reaches a breaking point. Last year was the hottest since record-keeping began and last month was the hottest January ever.
Technology ELECTRIC VEHICLES SCOUT MOTORS DEALER SALES SOUTH CAROLINA BATTERIES SOUTH KOREA LG ENERGY SOLUTION SK ON SAMSUNG SDI
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South Carolina Bill Could Allow Scout Motors to Sell EVs Directly to ConsumersA bill introduced in the South Carolina House of Representatives could allow Scout Motors to sell its upcoming EVs directly to consumers, bypassing the state's existing dealer laws. The bill, supported by both Republicans and Democrats, aims to amend the state's code to permit car brands with manufacturing plants in South Carolina and no prior dealer franchise agreements to sell vehicles directly. Scout Motors, which is building a $2 billion plant in South Carolina, has been vocal in its support for the proposed change.
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Scout Motors Can't Sell its EVs in South Carolina Despite $1.3 Billion PlantScout Motors, a VW-backed startup, faces a legal hurdle in its home state. Despite receiving $1.3 billion from South Carolina to build a $2 billion EV factory, Scout's planned direct sales model conflicts with state law, preventing residents from buying the vehicles.
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Scout Motors Seeks to Disrupt Car Buying with App-Based Platform in South CarolinaScout Motors, backed by Volkswagen, is aiming to revolutionize the car buying experience with a seamless app-based platform. To achieve this vision in South Carolina, where the company is building a new auto plant, they need to change the state's laws prohibiting direct-to-consumer sales of vehicles. Scout argues that this outdated dealership model increases costs and hinders innovation, while proponents of the current system highlight the benefits of personalized service and price comparisons.
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Scout Motors' Direct-to-Consumer Dream Faces Hurdle in Home StateScout Motors, a rising electric SUV manufacturer, seeks to sell directly to consumers but faces legal restrictions in South Carolina. The company's CEO, Scott Keogh, believes this model would allow for better customer connection and service. While navigating the existing dealership regulations presents a challenge, Scout Motors is actively expanding its operations with the groundbreaking of a new interstate exit for its Blythewood plant.
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