BRIEFLY: BMW, EV Prices, Tesla Energy & more | 16 Mar 2026

Capital One's tech team isn't just talking about multi-agentic AI. They already deployed

one. It's called chat-concierge and it's simplifying car shopping using self-reflection

and layered reasoning with live API checks. It doesn't just help buyers find a car they

love. It helps schedule a test drive, get pre-approved for financing, and estimate

trading value. Advanced, intuitive, and deployed. That's how they stack. That's technology

on the market.

Capital One's tech team isn't just talking about multi-agentic AI. They already deployed

one. It's called chat-concierge and it's simplifying car shopping using self-reflection

and layered reasoning with live API checks. It doesn't just help buyers find a car they

love. It helps schedule a test drive, get pre-approved for financing, and estimate

trading value. Advanced, intuitive, and deployed. That's how they stack. That's technology

at Capital One.

Assembly is underway now. It is Munich plant. Series production, though, happens in autumn.

They'll come with the I-3 X-Drive 50, the first version to reach customers. That's the

All-Wheel Drive version, 800 volts platform, 400 kilowatts of charge speed, and the I-X-3

has 500 miles on WLTP of range. So this being a more slippery shape should go further.

European Union EV prices are falling. It's a drop that I've mentioned last week. I've

got some more details now because they're selling more small cars. So it's the Rules Titan

on CO2 emissions. It's one of the ways that you can sell more big profitable gas guzzlers,

big SUVs, is to sell more cheaper city cars. It kind of gives you some wiggle room in

the credits. So as the rules have got tighter in the EU, so the car makers have sold a lot

more cheaper EVs. And that has brought down the average selling price of an EV, which

means you and I are winners. And so that segment 15 to 25 grand, I'd say, getting really

crowded and is going to get really busy in 2026 as well.

Tesla has been granted a license by our regulator off-gem to sell energy to businesses and retail

customers in England, Wales and Scotland, completing a six-year effort to become a full-service

energy provider. It'll literally be Tesla that sends you the bill. It'll be their name

at the top. The way it works here is, we're a small island with one national grid. But

energy companies can sit on top of it and resell the energy. It's quite as simple as I'm

making out, but it kind of is. It means that maybe Tesla can do some funky stuff with

the power walls and maybe even car batteries in time, like they've done in Texas to create

micro grids and do a bit of trading. UK car makers met their mandate obligations in 2024.

I mentioned this briefly on the podcast. Cosmo data coming in today on this, the UK government

releasing information about the mandate we have, technically the vehicle emissions trading scheme

and every UK car maker, every car maker that trades in the UK at least, not based here,

met their obligations in 2024. The car lobby itself says they can't do it and it's too

difficult anyway. The government says, well, you did it in 2024. The target was 22 percent.

Effectively, they hit 24.1 percent. There's nothing you can do with surplus credits and carry

forwards and whatnot. And so we'll see what 2025 brings the car makers continue to say

through their lobby organization. We can't possibly do it. It's far too difficult even though

we've done it. Green NCAP and Charin, the charging interface initiative, will collaborate on

EV charging into operability and performance transparency with the goal of giving consumers

independent verified data on how well EVs work with different charges. Aval, the leasing company,

have analyzed 24,000 battery health certificates and found that batteries decline by, on average,

1 percent per 25,000 kilometers driven after an initial drop. Australia's EV discount,

which allows workers to reduce their tax bill by buying a new EV through salary sacrifice,

is under review. Energy advocates are opposing any scrapping of the scheme.

Scotta posted record 2025 results, crediting their EV deliveries. They're more than doubled

to almost 220,000 units last year. Say it, also hitting more profitability,

thanks to the China deal that they've done to waive the tariffs on the China-built

Cooper-Taviscan and Old Nissan Leafs using their old batteries to have a second life

in battery charging systems in Spain as a battery backup at EV charges. And that's briefly.

Capital One's tech team isn't just talking about multi-agentic AI. They already deployed one.

It's called chat-concierge and it's simplifying car shopping using self-reflection and layered

reasoning with live API checks. It doesn't just help buyers find a car they love. It helps schedule

a test drive, get pre-approved for financing, and estimate trading value. Advanced, intuitive,

and deployed. That's how they stack. That's technology at Capital One.

Capital One's tech team isn't just talking about multi-agentic AI. They already deployed

one. It's called chat-concierge and it's simplifying car shopping using self-reflection and

layered reasoning with live API checks. It doesn't just help buyers find a car they love. It helps

schedule a test drive, get pre-approved for financing, and estimate trading value. Advanced,

intuitive, and deployed. That's how they stack. That's technology at Capital One.