The Truth About Cars » Electric Vehicles http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Mon, 20 Oct 2014 22:44:14 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » Electric Vehicles http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com/category/news-blog/electric-vehicles-2/ Automakers, Utilities Collaborate On Plug-In Cloud Charging Technology http://www.thetruthaboutcars.com/2014/10/automakers-utilities-collaborate-plug-cloud-charging-technology/ http://www.thetruthaboutcars.com/2014/10/automakers-utilities-collaborate-plug-cloud-charging-technology/#comments Fri, 17 Oct 2014 14:00:49 +0000 http://www.thetruthaboutcars.com/?p=932394 A group of eight automakers are collaborating with 15 utility companies in the United States to give PHEVs and EVs the ability to communicate with the latter party and the grid through cloud computing. Edmunds reports the group of eight — BMW, Ford, General Motors, Fiat Chrysler Automobiles, Honda, Mercedes-Benz, Toyota and Mitsubishi — along […]

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Ford Focus EV Cloud Charging

A group of eight automakers are collaborating with 15 utility companies in the United States to give PHEVs and EVs the ability to communicate with the latter party and the grid through cloud computing.

Edmunds reports the group of eight — BMW, Ford, General Motors, Fiat Chrysler Automobiles, Honda, Mercedes-Benz, Toyota and Mitsubishi — along with the 15 companies, Sumitomo Electric Industries and the Electric Power Research Institute, are developing a platform that would use the cloud to better manage energy usage and grid efficiency “while still meeting the needs” of PHEV and EV owners. The platform is called the Open Vehicle-Grid Integration Platform.

OVGI would operate as follows: an owner would plug their car in as usual, then set a time for when the vehicle would be back on the road. The utility company could then send a message to the car to stop charging during peak power use, or, if doing so would hinder the vehicle’s ability to get back on the road, allow the vehicle to continue charging until it was ready to go.

In turn, the companies could offer their customers incentives to offer their plug-ins to the grid through lower rates on electricity usage. Customers can opt-out, charge elsewhere, or have the vehicle ignore the request.

The first OVGI test is occurring this week at Sacramento Municipal Utility District’s Customer Service Center, where the tech will be demonstrated before federal, state, automotive and utility representatives and officials.

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Tesla’s First Battery Swap Station Opening Soon http://www.thetruthaboutcars.com/2014/10/teslas-first-battery-swap-station-opening-soon/ http://www.thetruthaboutcars.com/2014/10/teslas-first-battery-swap-station-opening-soon/#comments Fri, 17 Oct 2014 13:00:18 +0000 http://www.thetruthaboutcars.com/?p=932362 While Tesla owners — and owners of all EVs, for that matter — may be waiting a couple of years before titanium oxide anodes bring battery charging levels down to the 3- to 5-minute fueling times found at a given gas station, CEO Elon Musk has another option for them to consider: Battery-pack swapping. SlashGear […]

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Tesla Supercharger

While Tesla owners — and owners of all EVs, for that matter — may be waiting a couple of years before titanium oxide anodes bring battery charging levels down to the 3- to 5-minute fueling times found at a given gas station, CEO Elon Musk has another option for them to consider: Battery-pack swapping.

SlashGear reports the first swapping station will come online within the next few months, offering S and X owners the option of allowing robots to swap a drained pack for a fully charged unit from underneath the car within 90 seconds. Not only is this method faster than refueling at the local ARCO, but it blows away the Supercharger’s 30-minute charging time, as well.

The pack swap would also enable owners to retrieve their original packs later on, or, should retrieval become inconvenient, pay the difference for the new pack. Critics note this could lead to supply problems, where some stations have batteries waiting for their owners to return, while others run short of new packs.

The first station will open somewhere between Los Angeles and San Francisco, though further details were scant.

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Singapore Researchers Invent New Anode For Faster Battery Charging, Increased Longevity http://www.thetruthaboutcars.com/2014/10/singapore-researchers-invent-new-anode-faster-battery-charging-increased-longevity/ http://www.thetruthaboutcars.com/2014/10/singapore-researchers-invent-new-anode-faster-battery-charging-increased-longevity/#comments Fri, 17 Oct 2014 11:00:30 +0000 http://www.thetruthaboutcars.com/?p=932306 One of the main roadblocks to wide adoption of EVs is how quickly the battery can be fully charged. While Tesla’s Supercharger could put a Model S P85D back on the road in 30 minutes to an hour, a Dodge Charger Hellcat can pull up to and away from the pump in three minutes, barring […]

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NTU Assoc Prof Chen Xiaodong with research fellow Tang Yuxin and PhD student Deng Jiyang

One of the main roadblocks to wide adoption of EVs is how quickly the battery can be fully charged. While Tesla’s Supercharger could put a Model S P85D back on the road in 30 minutes to an hour, a Dodge Charger Hellcat can pull up to and away from the pump in three minutes, barring a run inside the 7-Eleven for a cup of coffee and a couple of donuts.

That roadblock may come down sooner than later, thanks to researchers at Singapore’s Nanyang Technology University.

The university recently unveiled a new battery that could be recharged to 70 percent capacity within two minutes, and boasts a lifespan of 20 years over the two to three years of life found in current lithium-ion batteries.

The secret? Replacing the graphite anode in those batteries with a nanogel composed of titanium oxide, a chemical commonly found in soil, sunscreen and food. Invented by Professor Chen Xiaodong at the university’s School of Materials Science and Engineering, the gel will be taken to the next level with a proof-of-concept grant to help fund a large-scale prototype.

Meanwhile, at least one company has already purchased a license to develop the titanium oxide battery for production down the road. Chen himself believes his invention will enter the marketplace within the next two years, knocking down more than just the long-charging barrier in so doing:

Electric cars will be able to increase their range dramatically, with just five minutes of charging, which is on par with the time needed to pump petrol for current cars.

Equally important, we can now drastically cut down the toxic waste generated by disposed batteries, since our batteries last ten times longer than the current generation of lithium-ion batteries.

Ease of manufacturing and lower replacement costs may further widespread adoption within the industry, in turn increasing adoption rates for whatever EVs come down the line in the future; the nanogel — a mixture of titanium oxide and sodium hydroxide — is stirred together at a given temperature for easier integration into current production systems.

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EU Withdraws 2020 Electric, Hydrogen Infrastructure Quota http://www.thetruthaboutcars.com/2014/10/eu-withdraws-2020-electric-hydrogen-infrastructure-quota/ http://www.thetruthaboutcars.com/2014/10/eu-withdraws-2020-electric-hydrogen-infrastructure-quota/#comments Tue, 14 Oct 2014 10:00:14 +0000 http://www.thetruthaboutcars.com/?p=930818 The European Union is withdrawing a mandated quota of EV and hydrogen refueling stations that are to be installed in member states by 2020. Instead, the governing body is asking each member install an “appropriate number” of publically accessible EV stations by the start of the new decade, with hydrogen due by 2025 for those […]

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public-charging-01

The European Union is withdrawing a mandated quota of EV and hydrogen refueling stations that are to be installed in member states by 2020. Instead, the governing body is asking each member install an “appropriate number” of publically accessible EV stations by the start of the new decade, with hydrogen due by 2025 for those who choose to develop the resource.

Auto Express reports the United Kingdom — as one example — would have fallen 64,000 units short of 122,000 units by 2020, but can now focus instead on its own £9 million ($14.4 million USD) infrastructure program, which will put over 200 electric stations online by the end of this year.

Meanwhile, campaign group Transport & Environment clean vehicles manager Greg Archer lamented the change in the mandate, placing the blame on the member states who “could not accept binding committments for low-carbon charging infrastructure”:

Europe can and should do better and initiate a comprehensive strategy on e-mobility. This continent needs to join the race for clean innovation, cut its €300 billion oil import bill and reduce CO2 emissions as soon as possible.

The Clean Power for Transport mandate will go into effect by the end of October.

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Panasonic Investing “Tens Of Billions” Of Yen In Tesla Gigafactory http://www.thetruthaboutcars.com/2014/10/panasonic-investing-tens-billions-yen-tesla-gigafactory/ http://www.thetruthaboutcars.com/2014/10/panasonic-investing-tens-billions-yen-tesla-gigafactory/#comments Mon, 13 Oct 2014 13:00:57 +0000 http://www.thetruthaboutcars.com/?p=930306 Just how much will Panasonic throw down on the table when it comes time to invest in Tesla’s new Gigafactory near Reno, Nev.? According to CEO Kazuhiro Tsuga, “tens of billions” of yen. Reuters reports Tsuga didn’t think the current exchange rate — which knocks his investment quote down to tens, if not hundreds, of […]

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Super GT Panasonic Toyota Prius

Just how much will Panasonic throw down on the table when it comes time to invest in Tesla’s new Gigafactory near Reno, Nev.? According to CEO Kazuhiro Tsuga, “tens of billions” of yen.

Reuters reports Tsuga didn’t think the current exchange rate — which knocks his investment quote down to tens, if not hundreds, of millions of dollars — was “bad,” so long as the exchange remained stable.

As reported earlier this year, Panasonic wants the Gigafactory all to itself, investing in all levels of production at the upcoming plant. The battery producer also agreed to manufacture lithium ion cells for Tesla’s and other manufacturers’ battery packs as part of the overall investment deal.

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Reuss: New Chevrolet EV In The Pipeline http://www.thetruthaboutcars.com/2014/10/reuss-new-chevrolet-ev-pipeline/ http://www.thetruthaboutcars.com/2014/10/reuss-new-chevrolet-ev-pipeline/#comments Mon, 13 Oct 2014 12:00:38 +0000 http://www.thetruthaboutcars.com/?p=930274 Looking to broaden Chevrolet’s green horizons, General Motors global product overlord Mark Reuss says a new EV is in the works, one that will join the Spark EV and the Volt. And just as TTAC reported earlier this year, the new vehicle will be based on the Chevrolet Sonic. Automotive News reports the vehicle will likely be […]

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2014-chevrolet-sonic-rs-front-three-quarters

Looking to broaden Chevrolet’s green horizons, General Motors global product overlord Mark Reuss says a new EV is in the works, one that will join the Spark EV and the Volt. And just as TTAC reported earlier this year, the new vehicle will be based on the Chevrolet Sonic.

Automotive News reports the vehicle will likely be based upon the B-segment Sonic, have a range of 200 miles, and will become a part of the Bow Tie’s model portfolio by 2017 at the earliest, all according to two individuals close to the source. Reuss, for his part, didn’t disclose more than the fact the vehicle will soon exist.

The EV may have been in development for some time: prior to his departure for greener groves in 2013, then-CEO Dan Akerson said GM was working on a vehicle that would deliver 200 miles of travel on a single charge.

As for where it might be sold, the Spark EV is currently available only in California and Oregon, though the brand’s customers around the country would like to put the electric subcompact in their garages, per Reuss.

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Cadillac Boss Unveils Portfolio Revitalization Plan For 2020 http://www.thetruthaboutcars.com/2014/10/cadillac-boss-unveils-portfolio-revitalization-plan-2020/ http://www.thetruthaboutcars.com/2014/10/cadillac-boss-unveils-portfolio-revitalization-plan-2020/#comments Fri, 10 Oct 2014 15:00:42 +0000 http://www.thetruthaboutcars.com/?p=928642 First, there was the move. Then, there was the CT6. Now? Cadillac boss Johan de Nysschen unveils a blitzkrieg bop of a product roadmap, all set to be fulfilled by 2020. In an exclusive with Reuters, de Nysschen’s overall plan to revive Cadillac is anchored by a roadmap that will expand the portfolio from five […]

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2015 Cadillac ATS Coupe

First, there was the move. Then, there was the CT6. Now? Cadillac boss Johan de Nysschen unveils a blitzkrieg bop of a product roadmap, all set to be fulfilled by 2020.

In an exclusive with Reuters, de Nysschen’s overall plan to revive Cadillac is anchored by a roadmap that will expand the portfolio from five models at present, to 10 models by 2020.

Aside from the upcoming CT6 — which will come with a PHEV variant when the flagship debuts in showrooms late next year — he says he just received the green light to bring a range-topping vehicle into the fold, likely to be called either the CT8 or CT9. The vehicle would do battle with long-wheelbase variants of the Mercedes S-Class and BMW 7 Series when it enters showrooms at the end of this decade.

On the greener side of the fence, de Nysschen has designs for an EV, and a potential successor to the ELR that may or may not have two extra doors.

Further down the alpha-numeric trail, two new crossovers — which will wear the XT moniker — will sandwich the SRX, including a seven-passenger model set to arrive by 2018 at the latest; the SRX will be redesigned and renamed in 2016.

Meanwhile, a smaller vehicle positioned under the current ATS, along with the smaller crossover, will share its platform with the next-generation Chevrolet Cruze, and go up against the BMW 1 Series and Mercedes CLA-Class. Both will be in showrooms between 2017 and 2018.

Other parts of the plan include building the CT6 and the successor to the SRX in China, where Cadillac is aiming to move 75,000 units by the end of the year, while Europe will remain in the distance until after 2020.

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Tesla: The “D” Stands For Dual-Motor http://www.thetruthaboutcars.com/2014/10/tesla-d-stands-dual-motor/ http://www.thetruthaboutcars.com/2014/10/tesla-d-stands-dual-motor/#comments Fri, 10 Oct 2014 10:00:10 +0000 http://www.thetruthaboutcars.com/?p=928330 You’ve waited for this, now here it comes: Tesla is dropping in a second electric motor up front for more power and better weight distribution in the Model S. Its name? D. Road & Track reports all three dual-motor models of the S — 60D, 85D and P85D — will have a 118-horsepower mid-size electric […]

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Tesla P85D Backside

You’ve waited for this, now here it comes: Tesla is dropping in a second electric motor up front for more power and better weight distribution in the Model S.

Its name? D.

Road & Track reports all three dual-motor models of the S — 60D, 85D and P85D — will have a 118-horsepower mid-size electric motor powering the front wheels. The same motor will also move the rear pair in the 60D and 85D, while customers who opt for the raw power of the P85D will have the same 470-horsepower motor in the back as the original P85.

The power duo under the P85D will deliver a combined 690 horsepower and 687 lb-ft of torque when the hammer is dropped, moving from nil to 60 in 3.2 seconds — spanking Charger Hellcats and Panameras off the line — with the quarter disappearing in 11.8 seconds. CEO Elon Musk stated his team benchmarked the McLaren F1 for the top-end model’s acceleration performance.

As for range, the 85D will pull into the Supercharger after 295 miles, five short of the magical 300-mile barrier. The 60D will do the same after 225 miles, and the P85D arrives after 275 miles.

Aside from the new models — all of which are available for order at this moment, with delivery set for December for P85D models, February for the others — the Model S and future vehicles will have Autopilot, a semi-autonomous drive system that will take over from the driver when needed, doing everything from speeding up and slowing down in heavy traffic, to switching lanes after the driver signals where they wish to go. The system — which is in every Model S assembled from two weeks ago forward, and will be enabled via software update in the next few months — uses a forward-facing camera and an array of 12 sensors, providing a 360-degree view of the world up to 16 feet away.

Finally, stopping all of this new power comes from an electromechanical braking setup — the Porsche 918 is the only other vehicle to use the technology — which Autopilot can engage in whatever manner is most appropriate in a given situation, from hard panic stops to red-carpet style gentle braking. Tesla can fine-tune the system for desired brake feel, as well.

Telsa-Dual-Motor-P85D-sm

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Tesla Preparing To Enter CPO Market By 2016 http://www.thetruthaboutcars.com/2014/10/tesla-preparing-enter-cpo-market-2016/ http://www.thetruthaboutcars.com/2014/10/tesla-preparing-enter-cpo-market-2016/#comments Tue, 07 Oct 2014 13:00:49 +0000 http://www.thetruthaboutcars.com/?p=927409 Always wanted to own a Tesla Model S, but couldn’t get past the $71,070 base price? CEO Elon Musk has a plan to make it easier to bring one home: CPO sales. Automotive News reports the automaker is working on a certified pre-owned program that would be offered through its stores, competing against similar programs […]

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2013-Tesla-Model-S-Rear

Always wanted to own a Tesla Model S, but couldn’t get past the $71,070 base price? CEO Elon Musk has a plan to make it easier to bring one home: CPO sales.

Automotive News reports the automaker is working on a certified pre-owned program that would be offered through its stores, competing against similar programs by the likes of BMW and Mercedes-Benz, as explained by Tesla’s vice president of communications, Simon Sproule:

With the Model S fleet now heading toward the first cars hitting three years old, we are looking at CPO and how best to structure.

In addition, Musk himself proclaimed in 2013 that he would personally honor the buyback guarantee his company issued to owners at the time of purchase, allowing them to recover 43 percent to 50 percent of the sticker price after three years. Should this group take him up, the first trade-ins would arrive for refurbishing in the spring of 2016 — if not earlier for those offloading their Model S for a Model X — with more to come the following year.

Just like with Tesla’s new cars, the CPO models would be sold at its stores, with the potential to capture as much as $10,000 per used model sold, much more than when the models first left the showroom according to TrueCar president John Krafcik.

Challenges for the company’s entry into the CPO market include: budgeting for model refurbishing and sales; more legal battles to be allowed to directly sell used models; the potential for depreciation to be lower than benchmarked — the Mercedes S-Class’ trade-in value formed the basis for Tesla’s buyback program; owners taking their vehicles to other used-car dealers or the private market; and the upcoming Model III.

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Sen. Reid Calls Upon Congress To Raise EV Tax Incentives http://www.thetruthaboutcars.com/2014/10/sen-reid-calls-upon-congress-raise-ev-tax-incentives/ http://www.thetruthaboutcars.com/2014/10/sen-reid-calls-upon-congress-raise-ev-tax-incentives/#comments Wed, 01 Oct 2014 10:00:16 +0000 http://www.thetruthaboutcars.com/?p=922273 For the past three years, President Barack Obama has called upon Congress to raise tax incentives for electric vehicles from $7,500 to $10,000, with those calls going unanswered. This year, the top Democrat in the U.S. Senate is taking the charge. The Detroit News reports Senate Majority Leader Henry Reid of Nevada pushed Congress to […]

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Harry Reid

For the past three years, President Barack Obama has called upon Congress to raise tax incentives for electric vehicles from $7,500 to $10,000, with those calls going unanswered.

This year, the top Democrat in the U.S. Senate is taking the charge.

The Detroit News reports Senate Majority Leader Henry Reid of Nevada pushed Congress to boost the incentives — and, therefore, EV sales — proclaiming the government needed to do more to encourage sales:

In order to truly promote innovation, we must as a Congress create opportunities for consumers to invest in advanced technologies, and we haven’t done that yet. We need more tax incentives for that. In 2008, we encouraged America to invest in the growth of the electric car industry with tax credits for qualified electric vehicles.

The extra $2,500 would provide dealers an opportunity to claim credits so long as they disclosed that info to their customers, which would then give said customers a chance to claim the credits at the point of sale, instead of filing a claim with their taxes the following year.

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California Planning EV Charging-Friendly Building Codes For 2015 – 2016 http://www.thetruthaboutcars.com/2014/09/california-planning-ev-charging-friendly-building-codes-2015-2016/ http://www.thetruthaboutcars.com/2014/09/california-planning-ev-charging-friendly-building-codes-2015-2016/#comments Mon, 29 Sep 2014 11:00:27 +0000 http://www.thetruthaboutcars.com/?p=921193 Should you one day find yourself heading off to make a new life in California, and you own a plug-in vehicle, your home or apartment will already have the minimum infrastructure needed to install a charging port. The Long Tail Pipe reports the California Building Code is set to receive an update sometime between 2015 […]

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home-charger-leviton-620

Should you one day find yourself heading off to make a new life in California, and you own a plug-in vehicle, your home or apartment will already have the minimum infrastructure needed to install a charging port.

The Long Tail Pipe reports the California Building Code is set to receive an update sometime between 2015 and 2016, mandating new housing and parking lots must at least have “the conduit and electrical system calculations required to prepare for charging stations.” This would not only knock down installation costs — current installations require extensive work as far as wiring and upgrades are concerned, with a price tag to match — but could help spur greater adoption of electric cars and motorcycles.

Though installation would be made easier with the standards in consideration, charging could still be a pain. In a study b the state’s Department of Housing and Community Development, grid operator California ISO proclaimed the grid could handle the increase in load so long as the ports are limited to 40 amp charging capacity. The fear is that were the amps to be doubled without upgrades to local transformers, the grid could overload.

The trade-off in limiting amps to maintain grid integrity is longer charging times, which could be made longer when longer-range EVs and their 60-plus kWh packs arrive sometime in 2017. The Long Tail Pipe says 40 amp would deliver times of 10 hours or greater to bring the packs to full. Though the study suggests 120-volt charging, the draft building code makes no mention of using that particular method.

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NEVS Lays Off 200 In Reorganization Plan http://www.thetruthaboutcars.com/2014/09/nevs-lays-200-reorganization-plan/ http://www.thetruthaboutcars.com/2014/09/nevs-lays-200-reorganization-plan/#comments Mon, 29 Sep 2014 10:00:21 +0000 http://www.thetruthaboutcars.com/?p=921169 With the Saab name reclaimed by the mothership, a host of financial problems, and no product beyond a 10-year-old platform, what else is left for National Electric Vehicle Sweden to do? If you said, “Tap out,” then you just might see that hand pounding the mat rather quickly. Reuters reports the automaker has laid off […]

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National-Electric-Vehicle-Sweden

With the Saab name reclaimed by the mothership, a host of financial problems, and no product beyond a 10-year-old platform, what else is left for National Electric Vehicle Sweden to do? If you said, “Tap out,” then you just might see that hand pounding the mat rather quickly.

Reuters reports the automaker has laid off 200 workers due to a lack of work as of late, work that likely won’t be coming anytime soon. NEVS says the move was part of its reorganization plan that will be presented at a creditors’ meeting October 8.

Originally, the workers were retained since production ceased in May 2014 in the hope that financing would soon come its way to restart work immediately. The remaining staff will keep the factory in good condition should NEVS secure the needed financing to resume assembly.

At present, the automaker owes kr400 million ($56 million USD) to its creditors, and is allegedly in talks with two unknown firms — speculation says Mahindra is one of them — to gain a financial jumpstart for an electric variant of the 9-3, currently in the prototype phase.

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German Government Unveils Bill To Spur ZEV Adoption http://www.thetruthaboutcars.com/2014/09/german-government-unveils-bill-spur-zev-adoption/ http://www.thetruthaboutcars.com/2014/09/german-government-unveils-bill-spur-zev-adoption/#comments Thu, 25 Sep 2014 11:00:50 +0000 http://www.thetruthaboutcars.com/?p=918418 Should you happen to call Germany home and are shopping for a car, the government would like to offer you free parking, tax exemptions for 10 years, and bus-lane privileges if you purchase an EV, FCV or PHEV. Bloomberg reports the bill, known in English as the Electric Mobility Act, would bestow those incentives through […]

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mercedes-benz-sls-amg-electric-drive

Should you happen to call Germany home and are shopping for a car, the government would like to offer you free parking, tax exemptions for 10 years, and bus-lane privileges if you purchase an EV, FCV or PHEV.

Bloomberg reports the bill, known in English as the Electric Mobility Act, would bestow those incentives through the municipalities on drivers who go green in a move meant to bolster demand for such vehicles. The German government has a goal of 1 million EVs by 2020, both to further prove the nation’s engineering might, and to meet tightening greenhouse gas emission regs.

Getting there will likely become easier over the next few months. According to industry group VDA, 17 electric models from BMW, Smart and Mercedes will enter showrooms by the end of 2014, with 12 more coming out of the factories in 2015.

The Electric Mobility Act will come into force by the spring of 2015.

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Goldman Sachs: Tesla Needs $6B In Capital To Meet “Disruptive” Growth http://www.thetruthaboutcars.com/2014/09/goldman-sachs-tesla-needs-6b-capital-meet-disruptive-growth/ http://www.thetruthaboutcars.com/2014/09/goldman-sachs-tesla-needs-6b-capital-meet-disruptive-growth/#comments Thu, 25 Sep 2014 10:00:40 +0000 http://www.thetruthaboutcars.com/?p=918314 According to the financial overlords of Goldman Sachs, Tesla would need an $6 billion in capital within the next 11 years should its products become truly disruptive to the automotive industry. Per Bloomberg, Goldman Sachs analyst Patrick Archambault delivered that number to his employer’s clients Wednesday, based on what he believes would be needed should […]

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Tesla HQ

According to the financial overlords of Goldman Sachs, Tesla would need an $6 billion in capital within the next 11 years should its products become truly disruptive to the automotive industry.

Per Bloomberg, Goldman Sachs analyst Patrick Archambault delivered that number to his employer’s clients Wednesday, based on what he believes would be needed should Tesla’s electric lineup prove as popular as the iPhone 6 or Model T. The proclamation knocked the automaker’s shares down 1.7 percent to $259.32 on the trading floor in New York at the final bell.

Though Tesla CEO Elon Musk plans to sell a minimum of 500,000 units per year down the road, Archambault claims the capital needed would push annual production from 1.8 million to 3.2 million units by 2025. Other projects, such as the upcoming Gigafactory battery pack plant in Reno, Nev., would also need some of the projected $6 billion in additional capital. He adds that most of the $6 billion would be distributed from 2017 through 2025.

Meanwhile, Tesla has not given its own forecast for capital spending, according to representative Simon Sproule.

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Report: Gigafactory Battery Cost As Low As $165/kWh By 2025 http://www.thetruthaboutcars.com/2014/09/report-gigafactory-battery-cost-low-165kwh-2025/ http://www.thetruthaboutcars.com/2014/09/report-gigafactory-battery-cost-low-165kwh-2025/#comments Tue, 23 Sep 2014 11:00:43 +0000 http://www.thetruthaboutcars.com/?p=916850 One of the main goals of Tesla’s Gigafactory is to bring down battery pack costs to just under $100 per kilowatt-hour within 10 years. That goal may be harder to achieve, however, according to one skeptic. Charged Electric Vehicles reports Dr. Menahem Anderman of Advanaced Automotive Batteries recently released a report (one that few, especially […]

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One of the main goals of Tesla’s Gigafactory is to bring down battery pack costs to just under $100 per kilowatt-hour within 10 years. That goal may be harder to achieve, however, according to one skeptic.

Charged Electric Vehicles reports Dr. Menahem Anderman of Advanaced Automotive Batteries recently released a report (one that few, especially TTAC, are willing to pay $2,800 to read in full) about Tesla’s battery tech and its role in the grand scheme of electrification.

In particular, Anderman expresses his doubts that Tesla can actually bring down pack costs to below $100/kWh before 2025:

Our assessment shows that pack pricing for the 2025 time scale could be as low as $167/kWh… Pack cost much below $200/kWh is unlikely before 2020.

Further, he doesn’t believe the automaker can also bring a $35,000 EV to market by 2017, proclaiming the upcoming Model 3’s price tag “will be in the range of $50k-80k,” and that the Gigafactory’s use of solar power is “mostly for image and political reasons.”

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Ian James Corlett’s ElectroPorsche: From Beater To Electrifying Showstopper http://www.thetruthaboutcars.com/2014/09/ian-james-corletts-electroporsche-from-beater-to-electrifying-showstopper/ http://www.thetruthaboutcars.com/2014/09/ian-james-corletts-electroporsche-from-beater-to-electrifying-showstopper/#comments Sat, 20 Sep 2014 13:00:04 +0000 http://www.thetruthaboutcars.com/?p=909898 [AUTHOR'S NOTE: This story is one I've been pursuing since a couple of days before returning to TTAC on the back of the Bumpasaurus Rex last October. As today is my 36th birthday, this is my gift to you, dearest B&B. - CA] Meet Ian James Corlett and his 1966 Porsche 912. Corlett calls Vancouver, […]

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1966 Porsche 912 EV 16

[AUTHOR'S NOTE: This story is one I've been pursuing since a couple of days before returning to TTAC on the back of the Bumpasaurus Rex last October. As today is my 36th birthday, this is my gift to you, dearest B&B. - CA]

Meet Ian James Corlett and his 1966 Porsche 912. Corlett calls Vancouver, B.C. his home, where he works in the entertainment industry as a voice actor, director, producer, author and musician; his son and daughter, Phillip and Claire, also work in the industry as voice actors in their own right.

As for his 912, it may appear to be no more than a beautifully restored vintage Porsche, but as you’ll soon discover, there’s more than meets the eye with this particular sports car.

All photos provided by Ian James Corlett, Brendan McAleer and Wikipedia.

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“I didn’t start with the notion of electrifying a Porsche,” said Corlett. “I was gonna do an old VW Beetle, mostly because I love Beetles, and it was one of the first cars I ever had. But the electric kits and the conversions were relatively available, and lots of people had done them. So, I thought, ‘Well, that’s good, because the geometry works and it’s easy to bolt in an electric motor onto the existing transmission. So, that’s what I’ll do!'”

Corlett’s interest in all things electric began years ago during one of his “reverse midlife crisis” phases, when he happened upon a Vespa scooter whose engine lived up to its Italian heritage. Preferring to ride over working on the Vespa during the few sunny days Vancouver received in a given year, he turned to a since-defunct scooter shop in Seattle for help. There, Corlett obtained a 10-inch hub motor and custom components for the Vespa, then made the switch to electric power back home.

Another reason for going electric: To escape the leasing cycle, and to reconnect with the idea of ownership. Corlett grew up interested in European and Japanese vehicles, finding U.S.-made models of the 1970s and 1980s too big, heavy and brutal to his liking. His first cars included the aforementioned Beetle, his mother’s 1969 Datsun, a Honda Accord — his first new car — two Volkswagen Cabriolets with a Jetta in between, and ultimately, the first of many Porsche 911s.

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Though he owned his vehicles through his first 911 — a 1994 993 model — outright, the leasing bug would soon sting him and his wallet:

Somebody introduced me to this wizard of leasing, and they said, ‘No. Actually, people just don’t realize that leasing is all about the differential between what a car is going to be worth in a couple of years, and what you paid for it. You’re only really paying for that difference.’

With the then-low depreciation rates of Porsche’s offering in mind, and the leasing guru’s flexibility in setting up the contract, Corlett found leasing was less expensive than regular car payments at the time. However, the first lease was like “the drug dealer offering [a new customer] the first one for free,” with the second and third leases as easy as the first.

Alas, the rates would soon climb, Porsche began expanding its lineup, and residual values were falling hard. After the sixth 911, Corlett was quitting leasing for good, preferring to own his cars again, as well as use the money that would have gone into a new lease toward his children’s private school tuition and other fiscal responsibilities.

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Though his search began with numerous old Beetles, Corlett took to the idea of converting a 912 to electric power after his attempt to buy a converted 912 from an aerospace engineer in the Phoenix area on eBay ended with a last-second loss to a higher bidder; converting a 911 of similar vintage was a bridge too far in his mind. This new journey would end outside of the desert city, where Corlett snagged a 1966 beater with rust galore — thanks to its previous life outside of Arizona — instead of a hoped-for “very dry, desert car.”

“It was really a two-step process,” he explained. “We needed to restore the car, and then fit it and measure it for the electric components.”

The restoration proved to be daunting for Corlett’s electric dream. Opting to perform both steps in Phoenix — the labor costs were lower than in Canada — he left the 912 with a restorer who turned out to be as nightmarish as the vehicle itself upon media-blasting by the following restorer, Arizona Street Customs, months later.

The project ultimately took three years, though Corlett admitted that “it shouldn’t have taken three years,” citing a change in focus toward a move to a new house in Vancouver, as well as project-related issues:

One of the huge delays, as an example, was the batteries. We ordered $15,000 worth of batteries, and they had to come from China. We just made a wrong choice on who the supplier was. That was eight months of waiting, because the guy would sell large amounts of batteries in containers. He waited for a container to be full before he would fulfill his order from China and ship to the U.S. That’s just big, long delay for no good reason.

1966 Porsche 912 EV 15

Since coming home to Vancouver late last year, the 912 has been making the rounds at events throughout the area, such as the Luxury Supercar Weekend at VanDusen Botanical Garden, and the Key West Ford Shine & Show in New Westminster, B.C., where Corlett took home trophies in the best special interest and unfinished categories. He says he enjoys being able to take part in any event that allows him to show off his masterpiece in the brief window of sunny days between June and October.

The reaction to such a conversion? “I have had nothing but jaw-drops and great comments,” he proclaimed. “Now, that’s to my face. I’m sure there are people that feel differently. I’ve been really surprised by some of the Porsche people — and I know a lot of them in town — some of them that are just hardcore, real Porsche fanatics.”

One in particular, his mechanic — a “very abrasive guy of German heritage” who’s “not too fond of electric cars, period” — enthusiastically approved of the 912 during a shakedown following a suspension adjustment, allaying Corlett’s fears of taking a classic Porsche and transforming it into a vintage EV. Nonetheless, he’s very happy with the overall response his car is receiving.

1966 Porsche 912 EV 17

Registration and insurance for a unique vehicle like this was easier to obtain than one might imagine. The most difficult part was importation from the U.S. to Canada, though this was waved away by declaring the 912 as just a restored vintage vehicle. Once at home, registration was simply a matter of switching the “G” — for gasoline — to “E” — for electric — on the paperwork.

Finally, though the 912 has standard insurance at present, it may soon have coverage better suited for its unique features, which would provide the benefit of being insured and appraised properly.

Range testing is ongoing as far as long drives are concerned, having gone as far south as Corlett’s P.O. Box in nearby Blaine, Wash., as well some handling issues that need to be resolved before taking it 9/10ths. In the meantime, he switches between the 912 and his 2011 BMW 135i, the latter his daily driver. His reasoning for the BMW is the same as the 911s before: the ability to go from the school and the studio during the week, to the track during the weekends when not piloting or showing the 912 EV.

As far as future electrification is concerned, an experience with the Tesla Model S has Corlett thinking of an EV suitable for his family’s needs. As the premium sedan is too large, he says the Kia Soul EV will likely fulfill the role, if only because the Mercedes B-Class Electric Drive won’t be in Canada anytime soon.

By the way, he still has the electric Vespa, and he aims to have both it and the 912 out on the road to praise the sun next year.

OLYMPUS DIGITAL CAMERA 1966 Porsche 912 EV 02 1966 Porsche 912 EV 03 1966 Porsche 912 EV 04 1966 Porsche 912 EV 05 1966 Porsche 912 EV 06 1966 Porsche 912 EV 07 1966 Porsche 912 EV 08 1966 Porsche 912 EV 09 1966 Porsche 912 EV 10 1966 Porsche 912 EV 11 1966 Porsche 912 EV 12 1966 Porsche 912 EV 13 1966 Porsche 912 EV 14 1966 Porsche 912 EV 15 1966 Porsche 912 EV 16 1966 Porsche 912 EV 17 1966 Porsche 912 EV 18 1966 Porsche 912 EV 20 1966 Porsche 912 EV 21 1966 Porsche 912 EV 22 1966 Porsche 912 EV 23 1966 Porsche 912 EV Spec Sheet

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Tesla Appeals NJ Franchise Statute, May Win Via Legislation http://www.thetruthaboutcars.com/2014/09/tesla-appeals-nj-franchise-statute-may-win-via-legislation/ http://www.thetruthaboutcars.com/2014/09/tesla-appeals-nj-franchise-statute-may-win-via-legislation/#comments Fri, 19 Sep 2014 11:00:38 +0000 http://www.thetruthaboutcars.com/?p=915130 Months after the New Jersey Motor Vehicle Commission forced Tesla to stop directly selling its vehicles to the public, the automaker’s appeal moves closer to its day in court. Automotive News reports the appeal, made in March of 2014, proclaims that Tesla has a right to sell its cars with its business model, as the […]

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Tesla Model S Burnout

Months after the New Jersey Motor Vehicle Commission forced Tesla to stop directly selling its vehicles to the public, the automaker’s appeal moves closer to its day in court.

Automotive News reports the appeal, made in March of 2014, proclaims that Tesla has a right to sell its cars with its business model, as the state’s franchise statute does not apply to the automaker — no franchise agreements were ever made — the MVC overstepped its bounds by enforcing the statute, and the statute itself violates the state’s constitution in part.

That said, the case may not need to see the light of day, as two bills in the state senate would allow Tesla to continue doing business its way, with some limits. The first would give the automaker four stores to itself — two of which are already in operation — with any more to be franchised. Two service facilities would also be required of Tesla were the bill to pass. The second bill would update the franchise statute.

Both bills are expected to be voted upon by late September at the earliest.

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IRS Plug-In Vehicle Credit Cap Data Lacking Accuracy, Detail http://www.thetruthaboutcars.com/2014/09/irs-plug-vehicle-credit-cap-data-lacking-accuracy-detail/ http://www.thetruthaboutcars.com/2014/09/irs-plug-vehicle-credit-cap-data-lacking-accuracy-detail/#comments Fri, 19 Sep 2014 10:00:28 +0000 http://www.thetruthaboutcars.com/?p=915098 In 2008, Congress passed a tax bill that would provide a credit of up to $7,500 for customers who purchase plug-in vehicles as a way to encourage adoption of cleaner vehicles. The credit would last in full for the first 200,000 units an automaker sold, then phased out over the course of 12 months. The […]

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A general view of the Internal Revenue Service Building in Washington

In 2008, Congress passed a tax bill that would provide a credit of up to $7,500 for customers who purchase plug-in vehicles as a way to encourage adoption of cleaner vehicles. The credit would last in full for the first 200,000 units an automaker sold, then phased out over the course of 12 months.

The problem? The agency responsible for handling the credit, the Internal Revenue Service, has no clue as to where things stand as far as that cap is concerned, despite every automaker that sells a plug-in model reporting the figures every quarter, as required by law.

AutoblogGreen reports that despite the fact that no automaker has yet to hit the cap, the IRS website meant to help consumers in their decision as to whether or not to purchase a plug-in vehicle is as dysfunctional as the legislative branch that passed the tax credit in the first place.

From the vehicles listed on the site — only six out of 24 vehicles from various manufacturers are listed — to the reported number of vehicles sold not matching up with what the automakers send to the agency per quarter, the IRS is dropping the ball on consumers who might want a plug-in in part because of the credit. This lack of attention to detail could knock new owners upside the head when the credit they thought they were going to receive ends up being less than desired.

When asked why the current situation exists, along with how the IRS receives and interprets its data regarding the credit cap, a representative stated that for a model to be listed on the site, a waiver must be submitted to the agency by the automaker in question. Both Chevrolet and Tesla, however, would beg to differ, as best explained by Tesla representative Liz Jarvis-Shean:

We’re compliant with reporting our quarterly US sales to the IRS and submit this information to the IRS shortly after each quarter’s close. One would assume that if Model S owners were having issues with this, you’d have heard about it.

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Dongfeng Nissan Launches Leaf-Based Venucia e30 http://www.thetruthaboutcars.com/2014/09/dongfeng-nissan-launches-leaf-based-venucia-e30/ http://www.thetruthaboutcars.com/2014/09/dongfeng-nissan-launches-leaf-based-venucia-e30/#comments Mon, 15 Sep 2014 10:00:02 +0000 http://www.thetruthaboutcars.com/?p=912650 After 3.1 million miles of pilot testing, Dongfeng Nissan last week launched its version of the Leaf for the Chinese EV market, the Venucia e30. Prior to the official launch, around 300 of the ¥267,800 ($43,460 USD) e30s went through a quality and safety pilot program in Guangzhou, Xiangyang and Dalian, logging 3.1 million “failure-free” […]

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After 3.1 million miles of pilot testing, Dongfeng Nissan last week launched its version of the Leaf for the Chinese EV market, the Venucia e30.

Prior to the official launch, around 300 of the ¥267,800 ($43,460 USD) e30s went through a quality and safety pilot program in Guangzhou, Xiangyang and Dalian, logging 3.1 million “failure-free” miles in so doing. Six more cities — Beijing, Shanghai, Shenzhen, Wuhan, Tianjin and Hangzhou — join the original three locations as part of the initial launch before sales go nationwide next year.

As for what consumers will get out of the reworked original EV for the masses, the e30 is expected to deliver up to 35 miles in range after using the quick-charge option, with normal charging also available. In addition, the EV comes with government subsidies, as well as lower running costs of 85 percent compared to similar gasoline models.

Though it remains to be seen how well the e30 hits it off with the Chinese public, the Leaf is doing well for itself as of late, with Nissan selling 3,186 units in the United States last month, and year-to-year U.S. sales jumping 34 percent to 18,841 units.

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Tesla Model X Has 20,000 Reservations, More To Come http://www.thetruthaboutcars.com/2014/09/tesla-model-x-20000-reservations-come/ http://www.thetruthaboutcars.com/2014/09/tesla-model-x-20000-reservations-come/#comments Fri, 12 Sep 2014 11:00:13 +0000 http://www.thetruthaboutcars.com/?p=911057 Despite attempts to discourage would-be owners from reserving a copy of the upcoming Model X, Tesla has some 20,000 customers on its waiting list for the gullwinged SUEV. Gas 2 reports a total of 20,159 reservations have been made thus far since 2012, 12,000 of which were made through March of this year. Out of […]

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SONY DSC

Despite attempts to discourage would-be owners from reserving a copy of the upcoming Model X, Tesla has some 20,000 customers on its waiting list for the gullwinged SUEV.

Gas 2 reports a total of 20,159 reservations have been made thus far since 2012, 12,000 of which were made through March of this year. Out of those figures, around 14,000 belong to customers in the United States, while Europe and the Asia Pacific hold just 25 percent.

That said, it may be a long wait. The assembly line, currently going through upgrades to assemble 3,000 vehicles per week, must be shared with the Model S. The publication says that if the split were 50/50, it would take Tesla over a year to clear the backlog that could hit 25,000 by the time production begins early next year.

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2015 Kia Soul EV Coming To US With $33K Price Tag http://www.thetruthaboutcars.com/2014/09/2015-kia-soul-ev-coming-us-33k-price-tag/ http://www.thetruthaboutcars.com/2014/09/2015-kia-soul-ev-coming-us-33k-price-tag/#comments Fri, 12 Sep 2014 10:00:45 +0000 http://www.thetruthaboutcars.com/?p=911033 Looking for an EV that doesn’t cost Tesla money or resemble a jelly bean? Then Kia might just have what you need with its electrified version of the Soul when it arrives in showrooms later this year. AutoblogGreen reports the compact EV — the South Korean automaker’s first such mass-market offering — will enter showrooms […]

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2015 Kia Soul EV

Looking for an EV that doesn’t cost Tesla money or resemble a jelly bean? Then Kia might just have what you need with its electrified version of the Soul when it arrives in showrooms later this year.

AutoblogGreen reports the compact EV — the South Korean automaker’s first such mass-market offering — will enter showrooms with a base MSRP of $33,700 before the $7,500 federal tax rebate is applied. The price of admission places the Soul EV above the Nissan Leaf ($28,980), but just below the Volkswagen e-Golf ($35,445).

The base model — dubbed Base — brings a 6.6kW on-board charger and an “exclusive” HVAC system designed to maintain the vehicle’s 93-mile range “by minimizing energy draw.” The UVO eServices system, which provides in-car and — via the UVO app — smartphone info on range and were to pull over for a charge, comes standard. Other amenities available include Bluetooth, rear-camera display, cruise control and power windows.

Meanwhile, the top-of-the-line + — or Plus — model adds heated leather-trimmed seats, fog lights and power-folding mirrors, all for a starting price of $35,700 MSRP pre-rebate.

For those who would rather lease, Kia is offering an introductory $249/month rate for 36 months on the Soul EV Base with $1,999 down. Either way, the crossover will only be available in a few California markets, with expansion planned down the road.

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California Dominates US Plug-In Market http://www.thetruthaboutcars.com/2014/09/california-dominates-us-plug-market/ http://www.thetruthaboutcars.com/2014/09/california-dominates-us-plug-market/#comments Wed, 10 Sep 2014 12:00:51 +0000 http://www.thetruthaboutcars.com/?p=910058 A shock that may come to no one among the B&B, California leads the way in sales of plug-ins with just over 100,000 units sold in the past four years. Bloomberg reports the figures, accounting for 40 percent of the plug-in market, were compiled by the California Plug-In Electric Vehicle Collaborative from data gathered between […]

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2013 Ford C-MAX Energi Plug-In Hybrid, Exterior, Charging Plug, Picture Courtesy of Alex L. Dykes

A shock that may come to no one among the B&B, California leads the way in sales of plug-ins with just over 100,000 units sold in the past four years.

Bloomberg reports the figures, accounting for 40 percent of the plug-in market, were compiled by the California Plug-In Electric Vehicle Collaborative from data gathered between December 2010 and August 2014 by the California Air Resources Board, Hybridcars.com and Baum & Associates. Baum also reported overall U.S. sales checked-in at around 250,000 units over the same period.

Though California has 40 percent of the plug-in market covered — thanks in part to legislation pushing automakers to bring more ZEVs to market — the milestone is a long way from the goal of 1.5 million plug-in vehicles by 2025, let alone the Obama administration’s target of 1 million such units by the end of 2015.

As for the present, Baum & Associates founder Alan Baum — who says 300,000 total units will hit the road by the end of this year — believes California’s stake in the market will likely shrink “as certain mass-market models that were initially sold only in state are introduced more broadly across the country.”

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Tesla, Toyota May Develop New Project Within Three Years http://www.thetruthaboutcars.com/2014/09/tesla-toyota-may-develop-new-project-within-three-years/ http://www.thetruthaboutcars.com/2014/09/tesla-toyota-may-develop-new-project-within-three-years/#comments Tue, 09 Sep 2014 12:00:25 +0000 http://www.thetruthaboutcars.com/?p=909122 Though Toyota and Tesla have, to paraphrase Fleetwood Mac, gone their own way while their RAV4 EV project draws to a close, Tesla CEO Elon Musk says he sees his company working with Toyota in two to three years’ time. Automotive News says Musk made the proclamation during a ceremony for the first Model S […]

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Tesla Toyota RAV4 EV

Though Toyota and Tesla have, to paraphrase Fleetwood Mac, gone their own way while their RAV4 EV project draws to a close, Tesla CEO Elon Musk says he sees his company working with Toyota in two to three years’ time.

Automotive News says Musk made the proclamation during a ceremony for the first Model S sedans delivered in Japan Monday, stating the project “would probably be something significant, maybe on a much higher volume level.” He added that Tesla loved working with Toyota, and held great respect for the automaker.

When the gesture was brought up with Toyota, however, representative Dion Corbett said the automaker had “nothing to say.” This is likely in part due to recent comments between the two companies over their respective paths toward a greener future; Toyota sees EVs as impractical, Tesla believes FCVs are for fools.

The RAV4 EV joint venture is expected to end once the last of the 2,500 crossovers are sold by the end of the year; Toyota has sold 2,130 RAV4 EVs through August 2014.

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Tesla Gigafactory May Land In Nevada http://www.thetruthaboutcars.com/2014/09/tesla-gigafactory-may-land-nevada/ http://www.thetruthaboutcars.com/2014/09/tesla-gigafactory-may-land-nevada/#comments Thu, 04 Sep 2014 10:00:24 +0000 http://www.thetruthaboutcars.com/?p=906057 After months of wondering as to where Tesla’s massive Gigafactory would end up, an answer could come as soon as 4 p.m. Mountain, when Nevada Governor Brian Sandoval and the automaker plan to hold a joint press conference in Carson City. AutoblogGreen reports the location for the 6,500-strong battery factory will likely be Reno, though […]

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Tesla Gigafactory

After months of wondering as to where Tesla’s massive Gigafactory would end up, an answer could come as soon as 4 p.m. Mountain, when Nevada Governor Brian Sandoval and the automaker plan to hold a joint press conference in Carson City.

AutoblogGreen reports the location for the 6,500-strong battery factory will likely be Reno, though Tesla hasn’t said much as of this writing. Four other states were in contention to be the Gigafactory’s host: California, Arizona, New Mexico and Texas.

Local ABC affiliate KOLO-TV — which has live-streaming news, if you wish to tune in later this afternoon — adds that the factory will be placed in the city’s Tahoe Reno Industrial Center, where 3.5 million cubic yards of earth were moved in less than four weeks to establish a pad for a large structure, all under the project name Project Tiger.

Once up and running, the Gigafactory will supply packs for as many as 500,000 vehicles annually by 2020, including the upcoming $35,000 Model 3 due around 2017. Project cost is projected at $5 billion, with the host state expected to chip in $500 million in the form of massive tax breaks.

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California ZEV Democratization Initiative Passes State Assembly http://www.thetruthaboutcars.com/2014/08/california-zev-democratization-initiative-passes-state-assembly/ http://www.thetruthaboutcars.com/2014/08/california-zev-democratization-initiative-passes-state-assembly/#comments Fri, 29 Aug 2014 12:00:20 +0000 http://www.thetruthaboutcars.com/?p=903226 Remember when we reported on an initiative to bring ZEV credits and incentives to low-income residents in California? The initiative is two steps away from becoming law. Autoblog Green reports California State Bill 1275 — otherwise known as the Charge Ahead California Initiative — passed the California Assembly 46 to 23 Wednesday, and is expected […]

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Charge-Ahead-California

Remember when we reported on an initiative to bring ZEV credits and incentives to low-income residents in California? The initiative is two steps away from becoming law.

Autoblog Green reports California State Bill 1275 — otherwise known as the Charge Ahead California Initiative — passed the California Assembly 46 to 23 Wednesday, and is expected to pass through the state’s senate shortly before signed into law by Governor Jerry Brown.

The initiative, sponsored by State Senator Kevin de León of Los Angeles, amends the focus of the state’s Clean Vehicle Rebate Project toward middle- and low-income residents by implementing an income cap on ZEV credits. Further, a minimum of $2,500 would be given said residents exchanging an older vehicle for a ZEV such as the Tesla Model S or the upcoming Toyota Mirai, with an additional $1,500 for the act of retirement itself.

The ultimate goals of the initiative are to reduce credits over the long-term as clean technology becomes widespread, while also boosting the population of ZEVs to 1 million by 2023.

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