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Posts Tagged ‘ev news’

Tesla Breaks Ground on New Shanghai Gigafactory

Musk expects plant to be completed by midyear.

by Michael Strong on Jan.07, 2019

Tesla's Elon Musk said he expects the new Shanghai plant to be complete during the second quarter.

Tesla chief Elon Musk extended his vision of a world dominated by electric vehicles by traveling to Shanghai, China, to break ground for the company’s newest plant, Gigafactory 3.

Always the optimist, Musk said he expects construction on the massive 210-acre facility to be complete by the middle of this year with finished products rolling off the assembly line and out the doors by the end of this year.

Global News!

“With the resources here, I think we can build the Shanghai Gigafactory in a record time,” Musk said during the rain-soaked ceremony. (more…)

Faraday Future May Have a Future, After All

Start-up settles dispute with primary investor.

by Paul A. Eisenstein on Jan.07, 2019

Faraday Future has been at death's door for several months now, but a new deal with an investor may clear the way for its return to life.

Only a week ago, it seemed, EV start-up Faraday Future was down for the count. Now, however, it may have a new lease on life, after appearing to resolve a dispute with its primary investor.

That said, the California-based carmaker isn’t out of the woods. That investor, China’s Evergrande Health, has simply agreed to step back on its stake in the company. Faraday must now find a new primary investor that will help it resume operations, starting with bringing back a major portion of its workforce laid off in recent weeks.

Beyond the Headlines!

Under the agreement, the two parties will “terminate the previous investment contract, withdraw and waive all litigation and arbitration proceedings, and release all security including the asset preservation pledge and equity financing rights,” Faraday said in a statement. (more…)

Byton M-Byte’s Videoscreen Will Be as Large as Seven I-Pads, Support a Very Different Business Model

Battery-car to “become the most important digital device in your life.”

by Paul A. Eisenstein on Jan.07, 2019

The 48-inch display in the Byton M-byte will control most of its functions - and more.

At first glance, the Byton M-Byte looks a lot like other new battery-electric vehicles coming to market these days. It’s when you slip inside the SUV that you notice the big difference. Really big, as in a 48-inch videoscreen atop the instrument panel that stretches the full length of the windshield.

The screen can simultaneously display a virtual instrument cluster, navigation information, notes on the music you’re listening to – and still have plenty of room left over for a movie or TV show to entertain passengers. And that’s a key part of Byton’s business strategy.

Auto Show News!

“Our business model will not just be about selling cars, but using the car as a platform,” CEO Carsten Breitfeld said in an impromptu interview with TheDetroitBureau.com following a news conference at the Consumer Electronics Show in Las Vegas. “In the future, we will make more money selling digital content and shared mobility.”

(more…)

GM Blows Past 200K in EV Sales Triggering Tax Credit Drop

Company hit the mark in Q4 2018, meaning cut coming in April 2019.

by Michael Strong on Jan.02, 2019

Sales of the Chevy Bolt rose 3.5% in the first half of 2018, and that helped push GM past the 200,000-unit mark in the fourth quarter of 2018.

Just as Tesla Inc. cut $2,000 off the price of all of its vehicles to help offset the loss of the $7,500 federal tax credit, General Motors is now in the same position after crossing the threshold just as it headed into 2019.

According to Reuters, the company reached the milestone – which began with sales in 2010 – at some point during the fourth quarter of 2018. Now buyers of GM-produced electric vehicles will only be able to get the full credit until April, at which point it will drop to $3,750. After another six-month period, it will fall again in October to $1,875.

All Charged Up!

That will last until April 2020, after that – barring some sort of new legislation from Congress – the credit disappears. The company knew it was closing in on the target this fall as it began to lobby members of Congress to extend the credit for EV buyers. (more…)

Volkswagen Testing New Portable EV Charging Stations

New high-speed chargers can charge four vehicles at a time.

by Michael Strong on Dec.28, 2018

Volkswagen has developed a new portable electric vehicle charger that it will begin testing in 2019.

Volkswagen has been saying for months now that it plans to introduce a wave of battery-electric vehicles in the U.S. and around the world — as many as 50 vehicles by 2030.

However, as the motoring public begins to take a macro view of life with an EV, one of the questions being asked is where are all of the EV drivers going to recharge when the home charging station isn’t available?

Business News!

Plenty of companies are stepping up to build charging stations across America; however, Volkswagen isn’t just creating a problem with no solution with this tsunami of EVs is plans to introduce, it’s developed a mobile charging station. (more…)

GM Presses to Extend EV Tax Credits

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

by Paul A. Eisenstein 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 Joseph Szczesny 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 TheDetroitBureau.com. California hit the 500,000 electric-car sales milestone in November. (more…)

Trump to End Electric Vehicle Subsidies by 2021

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

by Michael Strong 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…)

Rivian Reveals Two Long-Range, High-Performance Trucks at LA Auto Show

Detroit-based start-up aims to challenge Tesla and established truckmakers.

by Paul A. Eisenstein on Nov.27, 2018

Rivian founder R.C. Scaringe shows off the the R1T in Los Angeles — the first of two electric vehicles from the company.

Forget those snail-slow battery-powered econoboxes. The electric revolution is taking aim at seemingly every niche of the market, including high-performance sports car and full-size pickups.

This year’s Los Angeles Auto Show is likely to take many folks by surprise as they check out the battery-powered options making their debut, a list that includes two new light truck models from suburban Detroit-based start-up Rivian, the R1T pickup and the R1S sport-utility vehicle.

News You Can Trust!

“Our goal is to allow you to go anywhere,” said R.C. Scaringe, Rivan’s founder and CEO, as he pulled the wraps off the two new models which, if all goes according to plan, will go into production by the second half of 2020. (more…)

Rivian Shows Off Electric Pickup Before L.A. Show

Michigan-based EV maker's truck runs 0-to-60 in just three seconds.

by Joseph Szczesny on Nov.27, 2018

The Rivian R1T pickup is designed to go anywhere, providing utility and functionality with plenty of power.

Rivian, a fledgling electric vehicle builder, is taking aim at both traditional rivals and new companies invading the automotive business with a battery-electric pickup truck capable of wading streams and climbing rocky hills with a unique blend of new technology and some traditional automotive engineering.

“We’re launching Rivian with two vehicles that reimagine the pickup and SUV segments,” said Rivian Founder and CEO RJ Scaringe. “I started Rivian to deliver products that the world didn’t already have – to redefine expectations through the application of technology and innovation.”

Product News!

He started with “a clean sheet,” spending years developing the technology to deliver the ideal vehicle for active customers. Scaringe was after a vehicle that delivered top-flight driving dynamics on-road or off, but could also function as a regular vehicle – meaning “being capable of driving long distances on a single charge.” (more…)