By on April 11, 2019

Yesterday, we discussed Volkswagen trouble in finding the perfect recipe for affordable electric cars. Today, its BMW’s turn, and a broader look at how electrification is affecting Germany on the whole.

Reducing auto emissions has become immeasurably stylish in countries across the globe, with Europe doing some of the heaviest lifting via stringent regulatory measures. As a result, Germany’s automotive sector intends to go green and push EVs to the forefront. While BMW may not have committed itself to electrification quite so thoroughly as Volkswagen, the company isn’t sitting around while the competition does everything. The company is making concerted efforts of its own. Still, there are drawbacks to upending established supply chains and dumping a fortune into developing an entirely different type of car.  (Read More…)

By on November 12, 2018

nissan leaf charging electric car

Alternative fuel advocates often suggest that if society could simply get the lead out on solving the infrastructure problem, electric vehicle adoption would reach an all-time high. They’re most likely correct, too. With so much of the world set to gradually ban internal combustion vehicles, EV sales are almost assured to rise. But holdouts abound due to electric vehicles’ laundry list of shortcomings.

Electric cars are often more expensive than their combustion counterparts, offer diminished range, take longer to “refuel,” and are subjected to a charging network that’s less robust than than those associated with petroleum. If the industry is to solve those problems, it’s going to need a lot of money. Around $6 trillion should do the trick.  (Read More…)

By on September 8, 2017

2018 Chevrolet Bolt - Image: ChevroletYou can forget the GM EV1 and the Toyota RAV4 EV. The car that truly attempted to bring electric cars into the mainstream was the 2011 Nissan Leaf.

It didn’t. U.S. Leaf sales, never reaching any great heights, plunged after its fourth full model year, falling by more than half between 2014 and 2016.

There’s a thoroughly updated second-gen Nissan Leaf on its way, destined to hit U.S. dealers early in 2018. But during the first-gen Leaf’s tenure, the Nissan was joined by a broad array of electric cars, from a handful of Teslas to the Chevrolet Bolt, Volkswagen e-Golf, Kia Soul EV, BMW i3, and Hyundai Ioniq, and all of these cars together have combined to quintuple U.S. electric vehicle market share over the last half-decade.

Only 0.1 percent of the new vehicles sold in America in 2012 were pure EVs. That figure has risen, very slowly, to 0.5 percent through the first eight months of 2017 while the number of available nameplates has more than doubled.

Perspective? Ford grew its F-Series’ share of the overall U.S. new vehicle market from 4.5 percent to 5.1 percent during the same period. (Read More…)

By on July 14, 2017

oil

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.   (Read More…)

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