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Keyword: electricvehicles

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  • Electric vehicle $7,500 tax credit expected to go away with new House tax bill [Confirmed]

    11/03/2017 7:18:11 AM PDT · by NohSpinZone · 33 replies
    Electrek.co ^ | 11/2/17 | Fred Lambert
    Ever since the election of Donald Trump, electric vehicle enthusiasts feared the possibility of the federal government slashing the $7,500 federal tax credit given at the purchase of a new battery-powered car. Now those fears are coming closer to reality as reports suggest that the program has been removed as part of the new House tax bill.
  • Media Ignores Virginia Gov. McAuliffe’s Role in Green Car Scandal that Fleeced Taxpayers out of...

    07/07/2017 2:19:08 PM PDT · by jazusamo · 17 replies
    Judicial Watch ^ | July 7, 2017
    Full title: Media Ignores Virginia Gov. McAuliffe’s Role in Green Car Scandal that Fleeced Taxpayers out of Millions An electric car company that folded after taking millions of taxpayer dollars was founded by Virginia Governor Terry McAuliffe, the chairman of Hillary Clinton’s 2008 presidential campaign and former Democratic National Committee (DNC) chair, but the mainstream media is ignoring this pertinent fact. The Mississippi-based company, GreenTech, shut down in January but is back in the spotlight because this week the state’s auditor demanded the firm repay $6.4 million in public funds. Only a small Richmond, Virginia newspaper prominently reported McAuliffe’s ties...
  • Brit Investment Company Gives Up on US Electric Truck Maker

    07/13/2016 5:10:38 PM PDT · by Olog-hai · 1 replies
    National Legal and Policy Center ^ | Mon, 07/11/2016 - 07:46 | Paul Chesser
    A British investment company has thrown in the towel on an electric delivery truck manufacturer that it once wholly owned, saw fail, then spun off in the United States at the height of President Obama’s green energy stimulus subsidy mania. U.K.-based Tanfield Group announced at the end of June that it wrote down the value of the last 5.76 percent ownership stake it held in Smith Electric Vehicles, which received $32 million in U.S. taxpayer funds as a formerly British entity that reconstituted and relocated in Kansas City in 2009. The move by Tanfield followed Smith’s legal action filed against...
  • Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy

    04/28/2016 11:47:41 AM PDT · by jazusamo · 24 replies
    NLPC ^ | April 28, 2016 | Mark Modica
    Tesla Motors recently reported that it has received close to 400,000 orders for its yet to be released, $35,000 Model 3. Most of the pre-ordered vehicles are not even expected to be delivered until after 2018. While congratulations may be in order to Tesla for seemingly developing a mainstream electric vehicle (EV) that has so much consumer interest that demand is far outpacing supply, one question must be asked. Why the hell is the vehicle being subsidized to the tune of $1.5 billion in future tax credits? If Tesla has proven that EVs can be profitably manufactured, it is...
  • More Woes for Tesla from Consumer Reports

    04/21/2016 11:06:58 AM PDT · by jazusamo · 50 replies
    NLPC ^ | April 21, 2016 | Paul Chesser
    As it continues to defy common sense and the laws of economics with its lofty stock price, Tesla has again shown it has little corporate competence in the ability to deliver a consistently functional product that satisfies customers. The latest evidence comes in the recently rolled out Model X, which is allegedly an SUV, but looks like just another car. Retailing at a price only the extremely wealthy can afford ($138,000), the all-electric follow-up to the similarly troubled Model S automobile has stumbled out of the gate. The problems were outlined in a Consumer Reports article posted online Tuesday,...
  • Chevy Volt 'Father' Bob Lutz Changes Tune on Electric Vehicles

    12/14/2015 10:49:04 AM PST · by jazusamo · 32 replies
    NLPC ^ | December 14, 2015 | Mark Modica
    When Bob Lutz speaks, automotive journalists listen. Well, at least they usually do. When a recent Automotive News roundtable discussion showed Lutz blasting General Motors' Chevy Bolt (and electric vehicles like it), mainstream journalists failed to pick up on the story. Lutz was right on the money when he exposed the EV folly, which is costing automakers billions of dollars and driving up prices of conventional, gas-powered vehicles. Bob Lutz certainly has credibility in the automotive world. As an ex-GM executive he was known as the father of the Chevy Volt, a taxpayer-subsidized vehicle that I have had plenty...
  • Tesla Mounts A Self-Serving Push For Tougher Fuel Economy Standards

    08/07/2015 5:31:52 PM PDT · by jazusamo · 33 replies
    Investors.com ^ | August 7, 2015 | IBD Editorial
    Crony Capitalism: Not content with the billions it gets in government help, Tesla Motors now wants tougher fuel economy standards that would cripple its competitors. Is this what passes for entrepreneurship today? In 2012, President Obama announced a new "Corporate Average Fuel Economy" standard that will require all the cars each automaker sells to get an average 54.5 miles per gallon by 2025. Given the lead time that automakers need to design and test new cars, they now have only a few years to figure out how to achieve that goal. And since there are only a couple non-plug-in cars...
  • Tesla, Nissan Take Financial Hits as States Remove EV Subsidies

    07/02/2015 1:19:55 PM PDT · by jazusamo · 12 replies
    NLPC ^ | July 2, 2015 | Paul Chesser
    It’s been six years sinceelectric vehiclemanufacturers enjoyed their windfall from U.S. taxpayers via the stimulus, but the thirst for subsidies, and pain from financial losses, have not waned. The pursuit of government goodiescontinues apace forTesla Motors, even more vigorously after the Los Angeles Timesreported last month that CEO Elon Musk depends on more than $4.9 billion in corporate welfare for his companies, which also include SolarCity and SpaceX. Tesla’s quest may more accurately be portrayed as preservation of the golden goose that is California’s zero-emission vehicle (ZEV) credit scheme. The Golden State requires the six largest auto manufacturers to...
  • Elon Musk Defends His Companies' Subsidies

    06/05/2015 9:20:58 AM PDT · by jazusamo · 32 replies
    NLPC ^ | June 5, 2015 | Paul Chesser
    Alt-energy/transport-tech CEO Elon Musk and his trio of companies (Tesla,SolarCity andSpaceX) didn’t cooperate with the Los Angeles Times on its article that tabulated his businesses’ whopping sum of corporate welfare ($4.9 billion) , and he was predictably miffed by the (accurate) portrayal. So he went about trying to fix things on CNBC and with the Times on Monday, but not by denying the conclusions reached by reporter Jerry Hirsch, but instead by essentially pointing at fossil fuel industries and saying “they do it more.” “If I cared about subsidies,” Musk told Hirsch in a follow-up to his Sunday expose’,...
  • Low gas prices, incentives change math for electric cars

    01/22/2015 7:14:12 PM PST · by jazusamo · 148 replies
    Fox News ^ | January 22, 2015 | AP
    Drivers trying to calculate whether it's practical to own an electric car are facing a new math. U.S. gas prices have fallen more than $1 per gallon over the last 12 months, to a national average of $2.06, according to AAA. That makes electric cars — with their higher prices tags — a tougher sell. "Fuel savings are not top of mind to many consumers right now," says John Krafcik, president of the car shopping site TrueCar.com. Automakers have responded by slashing thousands of dollars off the sticker price of electrics. Incentives averaged $4,159 per electric car last year, up...
  • Chevy Bolt: As Lame as its Name?

    01/13/2015 11:04:39 AM PST · by jazusamo · 70 replies
    NLPC ^ | January 13, 2015 | Mark Modica
    Sound the trumpets! Here comes the next best, all-new, electric wonder-car from General Motors. The dust had not even cleared from the rollout of the new and improved 2016 Chevy Volt when GM CEO Mary Barra announced the newest Tesla-killer from GM, the Chevy Bolt. Let's hope that the engineers working on the Bolt put more thought into the design of the vehicle than the GM executives put into naming the car. Seriously, the Bolt? The name sounds like something out of a Disney animated movie. I wonder if the names Ratchet orSocket were in contention. Whatever the case,...
  • Now That Electric Cadillac Can't Compete With Tesla, GM Tries Frequent Flyer Miles

    10/07/2014 1:25:19 PM PDT · by jazusamo · 43 replies
    NLPC ^ | October 7, 2014 | Mark Modica
    Cadillac sales continue to sputter at General Motors. In fact, the brand is the only make at GM that has seen a year over year sales decline for the period ending in September at a time when the auto industry was booming. Specifically, Cadillac has logged in 127,837 sales for the first nine months of 2014 compared to 133,414 in 2013 for a sales decline of 4.2 percent. GM will now offer frequent flyer miles to help spur sales at the division. The marketing move at GM follows a decision to relocate Cadillac's sales team to New York City....
  • Will Nissan Abandon Its $1.4B Stimulus-Backed Battery Factory?

    09/30/2014 11:23:10 AM PDT · by jazusamo · 15 replies
    NLPC ^ | September 30, 2014 | Paul Chesser
    Reuters sources inside Nissan are saying the production of batteries inTennessee for the all-electric Leaf, which stimulus-subsidizing U.S. taxpayers backed with a $1.4 billion loan, could be eliminated. According to the report, at minimum there is sharp debate over whether the company will continue to manufacture electric vehicle batteries in-house or contract with an outside supplier. Nissan partner Renault, which has 43.4 percent shareholder ownership in the joint company, is said to be pushing for outsourcing battery production – possibly to LG Chem. None who revealed the information were identified for the Reuters story. “We set out to be...
  • VANITY: Anybody take the dive in getting a Nissan Leaf?

    08/22/2014 8:50:27 AM PDT · by Roman_War_Criminal · 159 replies
    Me
    So the wife & I are thinking on taking the plunge. I commute about 75 miles a day round trip to work & back. Based on that, I pay over $410 in gas/month on a paid car that is just getting more expensive to maintain. Any other FReepers who are owners care to give your experiences? Is it worth it?
  • GM Doubles Down on Volt Failure; Sells Only 58 Electric Cadillac ELRs

    03/10/2014 9:09:24 AM PDT · by jazusamo · 25 replies
    NLPC ^ | March 10, 2014 | Mark Modica
    General Motors continues to double down on plug-in electric vehicles, now offering the Cadillac ELR, which is a gussied up version of the Chevy Volt at twice the price. The latest Cadillac ELR ad has stirred up a lot of debate regarding its pro-American capitalism message as General Motors spent roughly $100,000 for each of the commercials that it ran during the Sochi Olympics. Although the commercial garnered much attention, the heavy ad spending resulted in just 58 of the tax-subsidized (each affluent buyer gets a $7,500 federal tax credit) Cadillac ELRs being sold in February, three months into the...
  • 'Charge Rage' – electric car owners get angry after having vehicles unplugged

    01/24/2014 2:41:12 PM PST · by Libloather · 71 replies
    Telegraph ^ | 1/23/14 | David Millward
    The growing popularity of environmentally friendly motoring in America has led to a new phenomenon, “charge rage”, as the owners of electric cars compete for places to plug in their cars. While the owners of electric cars may care about climate change, they appear to be less solicitous of their fellow ecologically-motivated motorists. Angry notes have been left on windscreens and drivers have returned to their cars to find that they have been unplugged.
  • Dismal Chevy Spark EV Sales Make the Volt Look Good

    01/10/2014 1:28:22 PM PST · by jazusamo · 31 replies
    NLPC ^ | January 10, 2014 | Mark Modica
    The final tallies for 2013 sales are in for the Chevy Volt and its little sister, the Chevy Spark EV. The results are ugly. While the Volt relies on both a gas engine and electric power, the Spark is actually an electric-only vehicle, assumedly designed to compete with the all-electric Nissan Leaf which had sales of 22,610 for the year. The Spark EV did not compete well, with sales for 2013 coming in at only 589 for the seven months in which it was offered. Chevy Volt sales for the year also disappointed, coming in at 23,094 and down from...
  • Chevy Volt Electric Range Drops to 20 Miles in Cold

    01/03/2014 9:55:59 AM PST · by jazusamo · 49 replies
    NLPC ^ | January 1, 2014 | Mark Modica
    A recent study by fleetcarma.com unveils yet another drawback of General Motors' much-hyped Chevy Volt. It appears that the environmentally-conscientious, affluent owners of the vehicles who drive in cold weather will get about half of the electric range, on average, of those who drive in warmer climates. Fleetcarma charted real-world data displaying an average electric range of approximately 20 miles for Volts driven during temperatures of about 25 degrees Fahrenheit. The owners of President Obama's favorite car who were under the impression that they would be helping Mother Earth by saving less than one gallon of gas a day at...
  • More Fires, More Subsidies for Tesla in California

    12/20/2013 9:53:42 AM PST · by jazusamo · 12 replies
    NLPC ^ | December 20, 2013 | Paul Chesser
    There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.” This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters. “The fire occurred as a result of an electrical failure in the charging system for an electric vehicle,” the report said, while stating the cause of the fire is unclear. “The most probable cause of this fire...
  • The Hottest Electric Vehicles Leave Winter Drivers Out in the Cold

    12/14/2013 3:59:04 PM PST · by chiller · 339 replies
    The Daily Caller ^ | 12/14/13 | Giuseppe Macri
    Engineering breakthroughs like the Tesla Model S may be burning up the electric car market (figuratively and literally), but they’re leaving drivers cold and under-powered in the face of Old Man Winter. Cold temperatures have adverse effects on batteries, slowing down the incoming and outgoing flow of energy and inevitably losing some in the process. The 250-mile average range of an electric car in normal climate conditions can see its performance reduced by 70-miles on a single charge in average winter conditions. The colder it gets, the shorter than range. Not only that, the average winter driver tends to turn...