With demand for its i3 EV surpassing BMW’s expectations, the company’s chief financial officer, Friedrich Eichiner, said that the company is considering increasing production of the electric car. Though retail deliveries will not start until next month, over 8,000 orders have been booked so far. Originally, BMW hoped to sell about 10,000 i3s in 2014, but if demand stays high, the company “will adjust capacity according to demand,” Eichiner said at an Amsterdam press conference yesterday. “If demand holds, which is what it’s looking like, we will soon have to invest more.” (Read More…)
Tag: electric car
Tesla recently released financial figures that the company says demonstrate profitability. Some analysts have pointed out that some of Tesla’s revenue comes not from selling cars but rather by selling zero-emission credits to other car companies that want to do business under California’s clean-air regulations. If they want to sell cars in California, companies have to comply by either producing ZEVs or by obtaining credits from companies that make those vehicles. Now Nissan Motor Co, whose Leaf is the best selling electric car of all time, has joined Tesla in selling those credits. Tesla was able to sell those credits because they only make electric vehicles. Makers of conventional cars and trucks buy the credits to theoretically offset the pollution caused by those cars. Since Tesla has no such conventionally polluting cars to offset, they can sell their credits. Nissan executive VP Andy Palmer told reporters earlier this week that at this point Nissan has sold enough Leafs to cover its own needs to comply with the California Air Resources Board‘s rules and will now start selling surplus credits to other automakers. “We’ve got carbon credits to sell, and we’re selling them — California ZEV credits.” No details were forthcoming on time, price or to whom Nissan will sell their credits.
Despite being an incredibly small part of the US market share, you don’t have to look far in California’s urban areas to find a car with a plug. The reason for that is California’s controversial EV mandate. California wants 1.4 million EVs and plug-in hybrids on the road by 2025. Up till recently, California’s regulations seemed like a pie-in-the-sky dream with a far-away deadline. That changed last year when CARB (California Air Resources Board) mandated (in a nutshell) a combined 7,500 zero-emission vehicles be sold between 2012 and 2014 by the large auto makers in the state. (Credits and trades are not included in that number.) Come 2018, smaller companies like Volvo, Subaru and Jaguar will have to embrace plug-love and at the same time, most of the silly green credits go out the window. By 2025, if my home state has its way, 15% of new cars will be an EV. In California. This brings us to the little orange 500 Fiat lent us for a week. Because everyone is getting into the EV game, this will be our first EV review where we make no mention of living with an EV, range anxiety or charging station availability. If you want to know about that, click over to our 7-part saga “Living with an EV for a week.”
Those of you wondering exactly how Tesla’s battery swap technology works, here’s your answer. The fully automated system, said to be akin to a carwash, supposedly takes just 90 seconds. To prove the point, Tesla did a side-by-side comparison with an Audi A8 at a fuel pump. It should be noted that the A8 has an enormous 23.8 gallon tank. As Bertel points out, the battery swap system isn’t cheap – but for the folks who are buying a Model S anyways, it’s not a big deal.
It was the end of the line for the orange creamsicle Fiat 500e dubbed Zippy Zappy. She and I covered some 675 miles together during our seven-say odyssey (if you don’t know what I’m talking about, click over to Day 1, Day 2, Day 3, Day 4, Day 5, Day 6 before coming back to the saga, I promise we’ll wait for you.) As I ended my afternoon commute by rolling silently through my forest, I looked down at the power gauge. 33% left. It had been a hot day so I had the A/C on, cruise control set to 74 MPH and Toby Keith was blaring on the radio. My range anxiety was gone. But had some EV mystique been lost in the process?
Day six brought a typical Northern California morning: it was 41 degrees, foggy and raining in my forest. But because I was driving an electric vehicle, a squirrel greeted me at the doorstep to thank me for saving his home and a group of hummingbirds dried my charging cable with their tiny wings so I wouldn’t electrocute myself as I unplugged. Then I woke up. But it was still 41. And foggy. And raining.
Day five in our week-long look at living with an EV started once again with a full battery. If you’re just checking in, catch up by going to Day 1, Day 2, Day 3, Day 4 before coming back to the saga, I promise we’ll wait for you. Since I’m still afflicted with religion, and because the Episcopal denomination despises change, my Sundays have taken me to the same church, the same building and the same pew for over 33 years. It also means driving 22 miles each way because finding something closer would involve change.
Bosch has introduced a home charging point for EVs that costs half as much as current competitors, which will no doubt be welcome news for current and prospective EV buyers.
With Nissan bringing Leaf production to Japan and the United States, the next stop on their localization train is Europe. The Sunderland, UK plant will begin in the spring, and along with European production will be a series of tweaks for that market.
Normally, I wouldn’t consider an 18-year-old Suzuki Cultus badged by a now-defunct GM marque to be worthy of inclusion in this series, but this particular example— which I found at my favorite Denver self-service wrecking yard— has been converted to electric power and is thus sort of interesting. (Read More…)
Better Place is shutting the doors of its Australian and American operations, and will concentrate on its Danish and Israeli divisions. The New York Times reported the news just days after Evan Thornley, head of Better Place Australia, left his post as CEO after just three months on the job.
Nissan will make good on its $1.4 billion DOE loan, and finally start building the Leaf EV right here in America. In addition to the Leafs going off the assembly line, Nissan will also build the battery packs at a separate plant next door. Nissan hasn’t set production targets for the Smyrna, Tennessee plant, though Leaf sales have been flat over the last year, despite projections of them doubling.
General Motors is looking to sell 500,000 vehicles with electrification technology by 2017, but the bulk of its focus will be on EVs or plug-in cars rather than conventional hybrids.
Tesla recorded a third-quarter loss of $110.8 million, versus a $65.1 million loss in the third-quarter of 2011.