India: Counterpoint to Global Electrification
Last week we reported on the headway electric vehicles are making in the Netherlands, framing the situation as idyllic for EVs. Less picturesque for plug-in sales is India — a nation that has similarly attempted to encourage the proliferation of electric cars, but with unimpressive results. As it turns out, India makes a stellar counterpoint for worldwide electrification.
Based on the success EVs have seen over the last few years, you’d think the government was asking everyone to start eating hamburgers. Despite having a population of 1.34 billion people, with more of them becoming drivers every day, just 8,000 EVs have been sold in the nation over the last six years.
Ferrari's First Plug-in Hybrid Makes 986 Horsepower, Sometimes
On Wednesday, Ferrari introduced the SF90 Stradale — the Italian marque’s first plug-in hybrid.
The car, which represents a changing of the guard for exotics, starts with an F154 V8 engine that the company claims has been worked over to a point where it can no longer be directly compared to the exiting architecture. While the twin-turbo V8 produces 769 horsepower by itself, three electric motors lend a further 216 ponies, making for an all-wheel-drive vehicle with a grand total of 986 hp.
2019 Hyundai Kona Electric First Drive - Worthy Competition
Until recently, anyone wanting a purely electric vehicle capable of driving beyond the confines of a daily commute was stuck shelling out the big bucks. Then Chevrolet introduced the Bolt in 2016, proving that 200+ miles of range wasn’t out of the question. With most EV competitors achieving just over half that, it seemed like it might be awhile before we saw another mainstream nameplate surpass that achievement.
Keen to one-up the Americans (even though the Bolt was technically developed by GM Korea), Hyundai has come forward with the 2019 Kona Electric. This subcompact crossover replaces its standard four-cylinder and fuel tank for an electric motor and 64-kWh battery pack. The end result is a familiar platform with an unfamiliar powertrain that’s capable of 258 all-electric miles, according to the manufacturer. It also happens to be quite enjoyable to drive. The Kona even hums like an an angel at low speeds, something I found wildly entertaining as I wheeled it around Los Angeles.
If I had to be run over by a car, I would love for that noise to be the last thing I heard before the world went dark.
Everyone Leases Electric Vehicles Because the Next Crop Will Always Be Better
The automotive industry frames electric vehicles as the future of motoring, but despite a large number of plug-in options already available, the entire idea of owning an electric car is still rather futuristic. Leasing one, however, is far more contemporary.
Growing in popularity, automotive leasing hit a record high in 2016, accounting for 31 percent of all new vehicle sales in the United States. But that’s nothing when you isolate the number of electric cars. U.S. drivers now lease nearly 80 percent of battery-electric vehicles and 55 percent of all plug-in hybrids. Accounting for this trend is a consumer perception that EVs will only get better over time — which isn’t all that different from saying the current fleet isn’t all that impressive.
BMW Switching to Flexible EV Architecture for All Models in 2020
Earlier this year, BMW let fly that it had completed development on a flexible vehicle architecture that would enable electrification of every model series in its stable. By 2025, BMW Group expects electrified vehicles to account for between 15 to 25 percent of its sales, but it wanted to be ready in case 100 percent was a possibility.
We know that plug-in versions of just about every model are forthcoming — the big news being the fully electric X3 for 2020. But we didn’t have a solid timeline for widespread implementation of the new platform, capable of accepting electric, plug-in hybrid and internal combustion powertrains. Now we do. According to management board member Klaus Fröhlich, it’s also going to begin in 2020.
Saying What's Popular: Suppliers Claim Automakers Are Overselling the Future of 'Mobility'
Suppliers have begun putting automotive companies on blast for overly ambitious mobility claims. While self-driving cars are definitely en route, manufacturers have ramped up their arrival time and omitted the necessary pit stops to win favor with investors or the general public. Meanwhile, parts suppliers have been frank on the matter — explaining they know when autonomous cars are really coming because they’ll be the ones providing the tidbits that make them work.
Don Walker, CEO of Magna International, one of the world’s largest OEM parts suppliers, suggests automakers may even be misleading their customers. “A full autonomous vehicle is a long way off for lots of reasons, because of legislation, class-action lawsuits, all the complexities and the costs associated with it,” the executive said.
Speaking Wednesday at the 2017 Center for Automotive Research Management Briefing Seminars, Walker also took umbrage with the popular claim that electric vehicles could comprise around 25 percent of the new market by 2025. Instead, he claims EVs will only account for 3 to 6 percent of the global market within that timeframe — a figure predominantly dependent on how swiftly the highly regulated Chinese market grows.
Electric Cars Are Officially Keeping the Oil Industry up at Night
Even though electric vehicles still only account for a sliver of the global market, Big Oil is beginning to take them seriously as a long-term threat to the industry. While preserving a finite resource is still probably the way to go, oil companies are accustomed to making money and have now begun revising their forecasts to account for accelerated EV adoption.
Companies like Exxon Mobil and BP are ratcheting up their outlooks for the technology, anticipating slowing oil demand, while OPEC has quintupled its forecast for sales of EVs in the coming years.
Automotive Industry Annoyed China Gets to Decide What Engines It Offers
With the possible exception of the United States in the near future, emission regulations are getting harsher everywhere. Nowhere is that more true than China. Not only does Asia’s most populous country have some of the most stringent emission requirements for new cars, it also has the strictest sales quotas for electrically powered vehicles on the planet. Too strict, according to some automakers.
A Chinese draft regulation issued last week stipulates automakers must sell enough electric or plug-in hybrid vehicles to comprise 8 percent of total volume by 2018, 10 percent by 2019, and 12 percent by 2020. This comes after talks between Chinese Premier Li Keqiang and German Chancellor Angela Merkel that hinted China might have mercy on Germany manufacturers.
California Dominates US Plug-In Market
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.
EVs Too Pricey For Most Consumers
Based upon a survey of 1,084 conducted by Boulder, Colo. firm Navigant Research, it would appear most won’t be in the market for EVs anytime soon due to the price of admission being too rich for their blood… for any EV.