Archive for the ‘EVs’ Category

China’s Auto Sales Sliding Downward

EVs and hybrids the only bright spot currently.

by on Dec.11, 2018

Electric vehicle sales are booming in China courtesy of subsidies and mandates by the government.

The world’s largest automotive market continues to face headwinds as auto sales in China dropped for the fifth consecutive month.

The Chinese economy was already experiencing a long-term slowdown, including auto sales, when the tariff fight between the U.S. and China began.

Global News!

Sales of SUVs, sedans and minivans in China fell 16% from a year ago to just under 2.2 million units, the China Association of Automobile Manufacturers, reported Tuesday. Through November, sales were down 2.8% from a year earlier at 21.5 million, putting 2018 sales on track to shrink for the first time in three decades. (more…)

GM Presses to Extend EV Tax Credits

But automaker’s planned plant closings make it a hard sell.

by on Dec.11, 2018

General Motors is lobbying politicians to extend EV tax credits just a week after CEO Mary Barra was flogged for plans to close five plants and layoff thousands.

General Motors lobbyists are making a push on Capitol Hill to extend the tax credits the automaker’s customers can receive after purchasing one of its battery-electric vehicles, such as the Chevrolet Bolt EV.

The automaker is rapidly approaching the sales threshold set by Congress – 200,000 battery models – after which the incentives would be phased out. That would make vehicles like the Bolt as much as $7,500 more expensive and potentially short-circuit demand.

All Charged Up!

GM is by no means alone. Tesla has already crossed the sales threshold and will begin to have its tax credits phase out, starting January 1. They will be eliminated entirely at the end of 2019. Nissan and Ford aren’t far behind. Newer entries into the electric car field, such as Volkswagen and Hyundai, would effectively gain an edge by continuing to offer the credits. (more…)

Sales of Electric Vehicles Growing Steadily in California

Year-over-year increase in triple digits.

by on Dec.11, 2018

Electric vehicle sales are up 300% year-to-date in California.

Electric cars accounted for 7.1% of California car sales in the first three quarters of 2019 with fully electric, zero-emission car sales outrunning the plug-in hybrid sales.

EVs accounted for 4.1% of the vehicles sold in California while plug-in hybrids accounted for 3%, according to Veloz, which tracks the development of EV sales in the state.

News Now!

“It’s no longer a matter of whether electric vehicles will take off, but how soon,” said Josh Boone, executive director of Veloz, public-private coalition of major electric car industry stakeholders, told bingdb.info. California hit the 500,000 electric-car sales milestone in November. (more…)

Tesla’s Musk Expresses Interest in Closing GM Plants

Exec expresses disdain for SEC, approvals.

by on Dec.10, 2018

Elon Musk expressed interest in buying one of the plants General Motors plans to close in the near future.

Tesla co-founder Elon Musk is ready to play “Let’s Make a Deal” with General Motors — again.

Not, Musk doesn’t want to challenge GM CEO Mary Barra to appear on the television game show, but he did tell reporter Lesley Stahl on the CBS news show 60 Minutes he would be willing to buy one of the plants GM plans to shut down in the near future.

Dig Deeper!

“It’s possible that we would be interested. If they were going to sell a plant or not use it that we would take it over,” he said during the interview. (more…)

Trump Administration Still Fighting to Roll Back Fuel Economy Rules

Critics say mistakes made in calculations nullify Trump-propsed gains.

by on Dec.07, 2018

The Trump administration is proposing revoking California's ability to make it's own emissions and fuel economy rules.

While the industry is focused now on issues such as trade, manufacturing capacity and employment, the fight over fuel economy and emissions hasn’t gone away and could roar back to life any time.

The Trump administration proposed rolling back the fuel-economy rules imposed in the waning days of Obama administration. It also has proposed eliminating California’s hold on the auto industry.

Beyond the Headlines!

California, powered by an overwhelming political victory by Democrats opposed to Trump in last month’s midterm elections and bolstered by new reports both from the Trump administration’s Environment Protection Agency and the United Nations Independent Panel on Climate Change, have vowed a long and expensive court fight to protect the Obama standards and its authority. (more…)

Tesla Hustling to Build New Plant in China

New site will build only Model 3s at launch.

by on Dec.06, 2018

Tesla Inc. has reached an agreement with the Chinese government to build an assembly plant in China.

Tesla’s $2 billion Gigafactory in Shanghai, China, may begin construction sooner than observers expected as the EV maker is accepting bids from companies to build the plant that will theoretically build all of the batteries for the maker in China.

The company is accepting bids from construction companies wanting to build the plant, and in fact, much of the prep work is complete, according to Reuters. The new plant will be noteworthy for two reasons: it’s going to accelerate Tesla’s ability to sell vehicles in the country.

Dig Deeper!

Perhaps more importantly, it will be the first wholly foreign-owned facility in China — a concession the government made to get more electric vehicles into the country. (more…)

Faraday Future Furloughs More Employees

Company blaming Chinese investor for woes.

by on Dec.05, 2018

A large portion of Faraday's workers have been furloughed, those remaining taking pay cuts.

After a lengthy silence, financially challenged EV maker Faraday Future issued a tweet reconfirming its commitment to build its FF 91 model, while warning if an infusion of cash doesn’t arrive soon that could change. The company noted a round of layoffs are on tap as well.

In mid-November, the company was assumed dead before some churn at the top of the company’s management structure lead to founder Nick Sampson departing the company and the new leadership team announcing the company would come back.

Dig Deeper!

Today’s Twitter missive laid the blame for their current financial issues squarely at the feet of Chinese investment firm, Evergrande Health. (more…)

Volkswagen May Use Ford Plants for Vehicle Production

VW CEO Diess confirms possibility after Trump meeting.

by on Dec.04, 2018

VW's CEO Herbert Diess said the company may use Ford plants to produce VW vehicles in the U.S.

The news of a second Volkswagen plant in the U.S. just became more interesting in the wake of a White House meeting between President Donald Trump and the heads of several European automakers.

After the meeting Herbert Diess, Volkswagen’s CEO, said as part of the growing alliance with Ford Motor Co. the automaker may use Ford plants to build cars. He added later that the company was “considering building a second car plant.”

News Now!

“We are in quite advanced negotiations and dialog with Ford to really build up a global automotive alliance, which also would strengthen the American automotive industry,” he added. (more…)

Trump to End Electric Vehicle Subsidies by 2021

GM, Tesla have already enjoyed the best of the tax credits.

by on Dec.03, 2018

President Donald Trump said he told GM CEO Mary Barra that the country has been "very good" to the automaker.

President Donald Trump has threatened to kill one of the signature efforts of the Obama administration, but today White House economic adviser Larry Kudlow confirmed it: Trump will end subsidies for electric cars.

The move, which Kudlow said would happen in 2020 or 2021, covers other items including renewable energy sources. He revealed he plans in response to a question about what the administration plans to do in response to General Motors’ recently revealed plant closings and employee layoffs.

News Now!

The president, who is in China, did not offer an official proclamation, nor has he tweeted about it, which is often how he reveals impactful actions he plans to take. (more…)

10 Best of the LA Auto Show

Cars, trucks, crossover and concepts worth a second look.

by on Dec.03, 2018

The long-awaited Jeep Gladiator pickup made for one of the splashiest debuts at the LA Auto Show.

We’ve been to some dud auto shows over the last year. The Paris Motor Show, which kicked off the 2019 model-year, couldn’t even fill up a half day on the media calendar, and the Detroit Auto Show didn’t stretch much further. But this year’s Los Angeles Auto Show delivered some sweet surprises with its mix of cars, trucks, crossovers and concepts.

As we’ve come to expect from the Tinseltown extravaganza, there were plenty of green machines making their first appearance at the Los Angeles Convention Center, but these weren’t the sort of slow and stodgy sedans and quirky hatchbacks of years past, covering a broad swath of territory including electrified SUVs, pickups and sports cars. And there were plenty of promising products that fell into more conventional categories.

Auto Show News!

Here’s an alphabetical look at 10 of our favorite debuts at the 2018 Los Angeles Auto Show:

(more…)

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