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Keyword: electriccars

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  • The ascent of electric cars: Will electric car makers ever make money?

    08/23/2018 6:52:54 AM PDT · by SeekAndFind · 41 replies
    Tesla reported second quarter results earlier this month. Despite losing $718 million during the quarter, Tesla shares rose 16 percent on renewed promises of profitability. Driven by government incentives and mandates, world automakers have announced big electric car introduction plans. But will any electric car firm be able to make money? Start-up automobile companies face long odds. Over the last 10 years, Tesla posted cumulative losses of over $3 billion. In the second quarter, Tesla began to ramp production of its new Model 3 sedan, producing more than 50,000 cars. Tesla also promises to attain profitability in the near future,...
  • Motorists may be taxed on distance driven rather than paying excise on fuel [Ireland]

    08/07/2018 7:48:55 AM PDT · by Olog-hai · 35 replies
    Irish Times ^ | 08/06/2018 | Fiach Kelly, Deputy Political Editor
    Motorists may be taxed on the distance they drive rather than paying excise on fuel at petrol station pumps, under plans proposed by senior officials. The Government is considering numerous schemes to ensure the overall tax take from motoring does not drop significantly as a result of moves to lower emission vehicles. The Department of Finance has outlined a series of options on how to ensure the exchequer does not lose out, such as a fixed charge on the purchase of every car, no matter how low its emissions levels are. Recent policy has been designed to encourage motorists to...
  • Switch to e-cars will cost Germany 75,000 jobs, study finds

    06/08/2018 8:43:27 AM PDT · by Olog-hai · 10 replies
    TheLocal.de ^ | 5 June 2018 13:52 CEST+02:00 | AFP
    The growing use of electrified vehicles is expected to cost Germany’s crucial car sector some 75,000 jobs by 2030, a study found Tuesday, with smaller auto parts suppliers set to be worst hit. The IG Metall union, which commissioned the study along with BMW, Volkswagen, Daimler and a string of car parts makers, said the pivot towards cleaner engines posed a “major challenge” to Germany’s biggest industry, which employs more than 800,000 people. Electric engines are simpler to build and require far fewer parts than petrol- or diesel-fueled cars. According to the study, carried out by the Fraunhofer Institute, the...
  • The electric vehicle revolution has a cobalt problem

    02/20/2018 6:29:48 PM PST · by artichokegrower · 31 replies
    San Diego Union-Tribune ^ | February 19, 2018 | Rob Nikolewski
    The road to an imminent electric vehicle future has hit a speed bump — one made of cobalt. An essential ingredient in lithium-ion batteries that power millions of smartphones as well as plug-in electric cars, cobalt is in heavy demand.
  • Electric Car Future at CES: Unveilings, Surprises and Disappointments

    01/16/2018 5:06:27 PM PST · by Armen Hareyan · 24 replies
    Torque News ^ | Jan 15 2018 | Alex Guberman
    CES 2018 has come to an end but the hype it has created in the world of electric cars is just starting to spread. One of the most anticipated unveilings of this week was the debut of the new Fisker EMotion, a 4 door luxury sedan with 400 mile range and the exotic suicide butterfly doors. It is Henrik Fisker’s second go at creating an electric car after his first company Fisker Automotive has gone out of business only a couple of years after the debut of the Fisker Karma. In my interview with Mr. Fisker he has explained to...
  • 79 Model S Owners Complain About Tesla Demanding Compensation

    01/16/2018 10:07:34 AM PST · by Armen Hareyan · 29 replies
    Torque News ^ | 1/16/2018 | Armen Hareyan
    Because the battery is not powerful enough, a Tesla Model S doesn't provide the power that the manufacturer promised. This annoys the buyers of the electric car in Norway, who want to have compensation from Tesla. They think Tesla has promised too much. According to a number of Norwegian Model S owners, who complained about Tesla, the car does not have the power specified and promised by Tesla. In it, the motorists see misleading advertising and demand compensation. We are talking about Model S P85D vehicles that were delivered in 2015. Tesla had offered the model S P85D with an...
  • Germany to invest 1 billion euros in lowering air pollution

    11/28/2017 7:59:42 AM PST · by Olog-hai · 19 replies
    Associated Press ^ | Nov 28, 2017 8:35 AM EST
    German Chancellor Angela Merkel says the federal government will provide €1 billion ($1.2 billion) to cities and towns across the country in 2018 in an effort to make traffic more environmentally friendly. […] Many cities in Germany face driving bans because the air pollution is frequently above the allowed maximum levels due to the many cars’ exhaust fumes. The funds are to be invested among other things into electric buses, electric charging stations and a more environmentally friendly traffic infrastructure. …
  • Norway seeks 'Tesla tax' on electric cars

    10/13/2017 6:56:47 PM PDT · by Olog-hai · 7 replies
    TheLocal.no ^ | 13 October 2017 09:42 CEST+02:00 | AFP
    Norway, a world leader of zero-emission vehicles, on Thursday proposed a “Tesla tax” aimed at cutting a tax advantage granted to large electric cars, in a heavily criticized move. Electric cars, which have hitherto been exempted from heavy taxes imposed on other vehicles, accounted for 20 percent of new registrations in the Nordic country since the beginning of this year, an unprecedented market share in the world. In a 2018 finance bill presented to the parliament on Thursday, the right-wing minority government suggested removing a one-off tax exemption for new electric cars weighing more than two tonnes. The proposal was...
  • Mass EV Adoption Could Lead To $10 Oil

    10/13/2017 3:30:37 PM PDT · by bananaman22 · 145 replies
    Oilprice.com ^ | 13-10-2017 | Paraskova
    The adoption of electric vehicles (EVs) could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10, Chris Watling, CEO & chief market strategist at Longview Economics, told CNBC on Friday. Watling said he didn’t see oil crashing “in the next few weeks or months, or maybe even quarters, but I think the long-term outlook for oil—because of what’s happening in terms of electric vehicles” with 70 percent of oil used for transportation, is oil plummeting to $10 somewhere around 2023-2025. “We used to talk about peak oil in terms of...
  • Death of gas and diesel begins as GM announces plans for ‘all-electric future’

    10/02/2017 1:33:13 PM PDT · by NRx · 235 replies
    WaPo ^ | 0-02-2017 | Peter Holley
    After nearly a century of building vehicles powered by fossil fuels, General Motors — one of the world’s largest automakers — announced Monday that the end of GM producing internal combustion engines is fast approaching. The acceleration to an all-electric future will begin almost immediately, with GM releasing two new electric models next year and an additional 18 by 2023. At a media event at GM’s technical campus in Warren, Mich., on Monday, Mark Reuss, the company’s chief of global product development, said the transition will take time, but the course has been set. “General Motors believes in an all-electric...
  • Internal Combustion: If You Can’t Beat ’Em… Ban ’Em!

    09/14/2017 6:12:05 AM PDT · by RoosterRedux · 74 replies
    american spectator ^ | Eric Peters
    Since they can’t sell electric cars — not enough of them, anyhow — and not without subsidies so huge they amount to outright bribes — the solution appears to be to outlaw all cars except electric cars. This is no joke. There are IC engine No Go Zones in Germany and France. The Brits have just decreed a ban on the sale of internal combustion-engined vehicles period, beginning in 2040. This sounds like a long time from now but isn’t — because car companies begin designing cars about ten years before they see the light of production and so the...
  • Charging an electric car vs AC

    09/08/2017 6:32:23 PM PDT · by rey · 72 replies
    8 Sept 2017
    How much electricity is required to charge an electric car versus running an air conditioner. My county pushes electric cars big time but always blames AC for excessive power usage during a heat wave. While I am certain there are more AC units than electric cars, wouldn't unplugging a charging car make a significant contribution toward reduced energy usage during a crisis? What about electric heaters? Do they use as much as an AC?
  • Jaguar cars set to go electric from 2020

    09/07/2017 1:45:08 PM PDT · by Red Badger · 88 replies
    phys.org ^ | September 7, 2017 | Staff - AFP
    Jaguar Land Rover will make all its new vehicles available in electric or hybrid models from 2020, it said on Thursday, two months after a similar announcement from Volvo. The JLR group is the latest carmaker to embrace the move away from internal combustion engines in the wake of stricter government proposals after the Paris climate accord. "We will introduce a portfolio of electrified products across our model range, embracing fully electric, plug-in hybrid and mild hybrid vehicles," JLR chief executive Ralf Speth said. Sweden's Volvo is also moving away from internal combustion engines, announcing in July that it plans...
  • Send This Story to Everyone You Know Who Drives an Electric Car

    08/08/2017 2:18:14 PM PDT · by Kaslin · 55 replies
    Rush Limbaugh.com ^ | August 8, 2017 | Rush Limbaugh
    RUSH: Those of you driving a Prius, those of you who have ordered a Tesla, those of you who think that you are saving the planet before it climate change or other horrible acts of nature because you are purchasing an electric car, which means that you are engaging in sustainable, renewable energy, this story is for you. ItÂ’s from the U.K. Daily Mail. Now, weÂ’re gonna link to this story at RushLimbaugh.com, and I want those of you out there to pass this story on to everybody you know that drives an electric car or a hybrid. I donÂ’t...
  • Child Miners Aged 4 Living a Hell on Earth so YOU Can Drive an Electric Car: Awful Human Cost...

    08/08/2017 12:05:29 PM PDT · by nickcarraway · 67 replies
    Daily Mail ^ | 6 August 2017 | Barbara
    Child miners aged four living a hell on Earth so YOU can drive an electric car: Awful human cost in squalid Congo cobalt mine that Michael Gove didn’t consider in his ‘clean’ energy crusadePicking through a mountain of huge rocks with his tiny bare hands, the exhausted little boy makes a pitiful sight. His name is Dorsen and he is one of an army of children, some just four years old, working in the vast polluted mines of the Democratic Republic of Congo, where toxic red dust burns their eyes, and they run the risk of skin disease and...
  • 63,000 People Have Canceled Their Tesla Model 3 Orders

    08/04/2017 3:46:40 AM PDT · by SMGFan · 49 replies
    During a quarterly earnings call on Wednesday, Tesla CEO Elon Musk announced that about 63,000 people have canceled their Tesla Model 3 orders over the past year. Total orders for the vehicle have fallen from 518,000 to 455,000, Musk said, according to Business Insider. But the drop in orders doesn’t hurt Tesla too much: The electric-car company has averaged about 1,800 new Model 3 reservations per day since last Friday.
  • Report: GM may kill Chevy Volt, Sonic and four other cars

    07/23/2017 1:56:49 PM PDT · by Hojczyk · 86 replies
    Yahoo Finance ^ | July 22,2017
    General Motors has put six of its cars under review, including its once breakthrough Chevrolet Volt plug-in hybrid, and is evaluating whether to cancel them in the coming years, according to a report from Reuters. The news comes as sales of cars continue to plummet in the U.S. and as consumers increasingly turn to SUVs and pickups. Besides the Chevrolet Volt hybrid, other vehicles believed to be under consideration for elimination iinclude the Buick LaCrosse, Cadillac CT6, Cadillac XTS, Chevrolet Impala and Chevrolet Sonic, according to Reuters. GM spokesman Jim Cain declined to comment on the report. UAW President Dennis...
  • GM plans to launch 10 electric cars in China by 2020

    04/21/2017 7:29:43 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Apr 21, 2017 8:24 AM EDT
    General Motors Co. says it plans to launch 10 electric and gasoline-electric hybrid vehicles in China by 2020 amid government pressure on the industry to promote alternatives to gasoline. The president of GM’s China unit, Matt Tsien, said Friday during the Shanghai auto show that the company will start production of a pure-electric model in China within two years. …
  • If Tesla Is Worth More Than GM, Why Are Taxpayers Still Subsidizing It?

    04/12/2017 3:49:38 AM PDT · by IBD editorial writer · 55 replies
    Investor's Business Daily ^ | 4/11/2017 | Staff
    Motor City: The big news in the auto world was that Tesla topped the market value of General Motors. That means the car company that gets massive taxpayer subsidies is now worth more than the car company taxpayers bailed out a few years ago. Welcome to the world of crony capitalism. On Monday, Tesla's stock closed at $312.39, which meant the startup electric car company, which sold a grand total of fewer than 80,000 cars last year, was worth more than GM, which sold 80,000 Chevy Silverados every eight weeks. (Tesla's market cap edged below GM's on Tuesday.) Is this...
  • Electric vehicle fee proposed for Minnesota

    03/21/2017 7:31:30 PM PDT · by ButThreeLeftsDo · 21 replies
    StarTribune.com ^ | 3/21/17 | Mike Hughlett
    Electric vehicle owners in Minnesota would have to pay a $75 to $85 annual "surcharge" under proposed legislation since they do not pay the state's gasoline tax. State governments across the country are increasingly seeking to slap such fees on electric vehicles, some exceeding $150 per year. The Minnesota fee would cover vehicles that are all-electric and plug-in hybrids based on electric motors, but exclude gasoline-electric hybrids. The fee is aimed at making electric vehicle drivers pay their fair share of road maintenance costs, which are partly funded by gasoline taxes, said Rep. Pat Garofalo, R-Farmington, the author of the...