Tesla recently released financial figures that the company says demonstrate profitability. According to Automotive News, 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.
Tag: Nissan Leaf
The Electrification Coalition (EC), a trade association of companies involved in the business of electric vehicle,s released a report last week prepared by PriceWaterhouseCoopers touting strong sales of plug in electric vehicles for the first 2 1/2 years that they’be been on the market in the U.S.. Reportedly consumers are embracing PEVs much faster than they started buying hybrids when those first went on sale more than a decade ago. The report particularly noted the success of the Tesla Model S, saying that single model had an 8.4% share of the entire U.S. luxury market for the first six months of 2013. (Read More…)
New and current Honda Fit EV customers can look forward to a reduction in their lease costs.
Elon Musk is turning his sights towards the Nissan Leaf. The Tesla Motors founder says his ultimate goal is for a sub-$40,000 car that’s better than Nissan’s EV, and he’s hoping to make that happen within 4 years.
It’s a headline you might have seen in the past couple days: “Tesla Model S outsells Nissan Leaf (or Chevrolet Volt, you pick)”. To the layman, the story is that this amazing car from an amazing American upstart company is outselling lowly Chevys and Nissans to become America’s favorite EV. The angrier among us may wonder how a car that costs twice that of a Leaf or a Volt can outsell them both. TTAC just wants to know how any media outlet can make this comparison in the first place.
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.
The drama circling around the New York Times test of the Tesla Model S doesn’t surprise me one bit. Why? Because I understand, perhaps at a deeper level than most of the motoring press, how batteries work. Perhaps that has to do with growing up in a family of engineers and scientists, but battery technology has always interested me. So when people from Phoenix came to me crying in their soup about their LEAFs in the heat and friends started wagging fingers at Tesla and the New York Times, I figured it was time for a battery reality check.
Carlos Ghosn’s assertion that “...electric vehicles could represent 10% of the global market in the next ten years, or 6 million vehicles…” may no longer be en vogue over at Renault, at least according to French business paper La Tribune.
Now that the Nissan Leaf is being made in Tennessee, Nissan has decided that a big price drop is in order. While the 2012 car retailed for $35,200, the 2013 Leaf starts at $28,800, thanks to a new base model. Anyone who bought a 2012 must be pretty ticked off at the resale-ruining price cut. Higher-end SV and SL trim levels will retail for $31,820 and $37,250 respectively. (Read More…)
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.