#revenue

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As governments across the globe push for the proliferation of electric vehicles, they’re creating a new problem for themselves. While EVs may be helpful in mitigating pollution in and around city centers, they’re not going to be nearly as friendly on the infrastructure.

A report from the International Energy Agency suggests the ramp-up of battery powered automobiles could result in a $92 billion tax shortfall by 2030, assuming everything goes according to plan. But even if global governments only manage to get halfway to their intended electrification goals, they’re still missing out on an estimated $47 billion in fuel duties.

Only if you choose to, it seems. After launching its Maven ride-sharing service in numerous U.S. cities, as well as Canada’s largest population center, sources claim General Motors wants to expand the service to privately owned vehicles.

In other words, you’ll be able to make your own GM car available via the automaker’s app-based Maven service, generate income from short-term renters, while GM takes part of the cut. If the plan goes ahead, let’s hope your renters aren’t as slovenly as these ones.

Even as it develops efficient new platforms and streamlines its operation where it can, Toyota finds itself against the ropes as a falling yen and rising costs sends profits tumbling. Its end-of-fiscal-year financial statements, released today, are enough to send bean counters to the medicine cabinet in search of antacid, while the company’s president warns of more trouble ahead.

To Akio Toyoda, the increasingly gloomy picture has all the hallmarks of a failing sports team.

First-quarter earnings just released by Volkswagen Group show a massive hit to the company’s namesake brand, all thanks to fallout from the diesel emissions scandal.

Profit at Volkswagen passenger cars fell 86 percent to 73 million euros ($81 million), down from 514 million euros last year. That plunge leaves the brand with a nano particle-thin operating margin of 0.3 percent.

Still, the scandal isn’t a killing blow for the company. Why? Investment advisers aren’t lying when they say diversity is key to weathering shocks.

Tesla announced their Q4 2013 earnings saw a total net loss of $16 million while pulling in an annual revenue of $2 billion on the strength of higher sales and more efficient manufacturing methods.

In a statement made by Delphi Automotive this week, the supplier announced that they had more than doubled their net income in Q4 2013 to $298 million in comparison to $136 million in Q4 2012.

The American half of the newly dubbed Fiat Chrysler Automobiles reported a net income of $1.6 billion in Q4 2013, the majority of which came from a one-time tax gain of $962 million.

The Tennessee House Transportation Committee yesterday drafted a legislative proposal that will solidify the legal standing for the use of both speed cameras and red light cameras in the state. After a lengthy markup process, committee members approved a two-year moratorium on new cameras while ensuring that there is no disruption in ticketing for cities like Chattanooga, Clarksville, Jonesborough and Knoxville that already have programs in place. In 2008, the state legislature quietly gave the green light to jurisdictions interested in installing red light cameras and speed cameras, but even the lawmakers most in favor of the use of cameras have been pressured by the public to take some action to reign in their use.

Accidents rose after the installation of a red light camera at one major intersection in Baytown, Texas. The private company American Traffic Solutions began issuing automated tickets at the intersection of Garth and Baker Roads on March 21, 2008. Since then, safety has not improved at the controversial camera location.

According to a brochure published by the city, “red light safety cameras” were installed because, “There have been more than 1,000,000 accidents and more than 1000 deaths attributed to red light runners that occur each year in the United States.” Presumably, the cameras are meant to reduce the number of collisions and deaths at Baytown intersections.

This has not happened according to accident reports from all three monitored approaches of the Garth and Baker intersection from eighteen months before the installation of cameras compared to the same period afterward. Instead, the total number of collisions grew by 11 percent. Although proponents of cameras frequently suggest that the increase in rear end collisions (31 percent in this case) is offset by the reduction in “more serious” collisions, the data show, to the contrary, that there was no reduction at all in the number of serious injury accidents.

A judge yesterday forced the settlement of a traffic camera company-backed lawsuit with the city of College Station, Texas over the public’s November 3 vote to ban red light cameras. Although terms of the deal have not been released, the city council voted 4-0 on November 11 to abide by the results of the election, leaving American Traffic Solutions (ATS) with no hope of continuing its ticketing program without a costly legal battle.