BYD’s 2000km Hybrid, Toyota’s Next Gen ICE, Gen Z Summer Jobs

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Happy Hump Day as we’re halfway through the week! Today we’re covering a BYD hybrid that can drive from NYC to Miami on a single charge/tank, how Toyota and other OEMs are decarbonizing with ICE and why Gen Z is getting summer jobs.

Show Notes with links:

• BYD has introduced a groundbreaking hybrid powertrain capable of exceeding 2,000 kilometers (1,250 miles) on a single charge and full tank, marking a significant advancement in hybrid technology.
  • The new hybrid powertrain was unveiled during a live-streamed event from China.
  • BYD's dual-mode plug-in electric hybrids can now travel distances comparable to New York to Miami or Munich to Madrid without needing to recharge or refuel.
  • This development highlights BYD's progress over five generations of hybrids since 2008.
  • BYD sold three million cars last year and delivered nearly one million cars by March this year. For every two hybrids sold in China, one is a BYD. 

• Toyota Motor has unveiled next-generation engines designed for various car types, including hybrids and biofuel vehicles. This move targets stricter emissions standards and reflects Toyota's diversified approach beyond just EVs.
  • Toyota, Subaru, and Mazda displayed new 1.5L and 2.0L engines that are more compact, reducing volume and height compared to current models.
  • The new engines aim to integrate with electric components for decarbonizing internal combustion engines, making the new engines compatible with alternative fuels like e-fuels and biofuels.
  • "With these engines, each of the three companies will aim to optimize integration with motors, batteries, and other electric drive units," the companies stated.

• Gen Z is reversing the decline in teen employment, bringing back a key rite of passage for adolescents.
  • Teen labor force participation, once nearly 2 in 3 in the 1980s, has recently hit a 14-year high at 38%.
  • Rising wages, inflation-driven necessity, and high demand in retail and restaurant jobs are driving this trend.
  • In the coming weeks, employers are expected to add another 1.3 million summer jobs for teens, according to the firm Challenger, Gray & Christmas
  • Psychologist and author Jean Twenge highlights how teen jobs teach crucial life skills, saying “There is something lost when there are more young people who enter the workforce after college with no work experience… When they learn those lessons about how important it is to show up on time and do a good job and sometimes you have to listen to the boss, all of it builds conscientiousness for later in life.”

Hosts: Paul J Daly and Kyle Mountsier

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