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Topic: Electric Vehicle News Items

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FearlessF

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Re: Electric Vehicle News Items
« Reply #1246 on: December 16, 2023, 09:51:13 PM »
launch control is cool

but, it's cheating
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

FearlessF

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Re: Electric Vehicle News Items
« Reply #1247 on: December 21, 2023, 09:04:48 AM »
DETROIT (AP) — America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel.

But so far, while EV sales are growing, their pace is falling well short of the industry’s ambitious timetable for transitioning away from combustion engines. Instead, buyers are increasingly embracing a quarter-century-old technology whose popularity has been surging: The gas-electric hybrid, which alternates from gas to battery power to maximize efficiency.

So far in 2023, Americans have bought a record 1 million-plus hybrids — up 76% from the same period last year, according to Edmunds.com. As recently as last year, purchases had fallen below 2021’s total. This year’s figures don’t even include sales of 148,000 plug-in hybrids, which drive a short distance on battery power before a gas-electric system kicks in.


https://apnews.com/article/hybrids-electric-vehicles-auto-sales-charging-stations-97b444cfa752acbd3a5c244a3ee68abb
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FearlessF

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Re: Electric Vehicle News Items
« Reply #1248 on: January 12, 2024, 09:51:01 AM »
Hertz Has a Loss on Its EV Fleet. Blame Tesla Pricing Decisions.

Rental car giant Hertz is selling 20,000 all-electric vehicles. The sale will generate a loss of about $245 million. Investors aren’t happy.

The offloading of the vehicles will cut the company's global EV fleet by one-third, Hertz said in a filing with the Securities and Exchange Commission.

"The company expects this action to better balance supply against expected demand of EVs," the company said.

Hertz said it expects the sale of the EVs to "take place in an orderly fashion over the course of 2024." It started offloading them late last year.
« Last Edit: January 12, 2024, 10:11:06 AM by FearlessF »
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FearlessF

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Re: Electric Vehicle News Items
« Reply #1249 on: January 12, 2024, 12:07:12 PM »
Maine has received a $15 million federal grant to install nearly 600 electric vehicle charging stations in more than 70 cities and towns, increasing the number available by more than 50%.

The Biden administration on Thursday announced the funding to pay for 62 DC Fast Charger ports and 520 Level 2 charging ports. The 582 ports will add to the 1,019 already in operation at 467 sites, according to Efficiency Maine, the quasi-state agency that develops energy efficiency programs.

Building out an EV charging network has been a critical part of the debate in Maine over establishing new rules requiring electric vehicle use. An “Advanced Clean Cars II” plan would require zero-emission vehicles to make up 43% of new car sales for 2028 models and 82% of new sales by model year 2032. Those include electric and fuel-cell vehicles, along with a partial credit for plug-in hybrids. Environmentalists are urging action to reduce tailpipe fumes that account for a large part of Maine’s greenhouse gas emissions.

The proposal has drawn criticism from car dealers, Republicans and others who say EVs are too costly for many Mainers and that EVs don’t have the charging range to drive across the state’s vast rural areas. The state Board of Environmental Protection postponed its vote on the proposal in December due to a storm, but now could take up the matter sometime after a new public comment period that ends Feb. 5.

https://www.pressherald.com/2024/01/11/maine-receives-15m-federal-grant-to-install-hundreds-of-electric-vehicle-chargers/

The number of registered battery and plug-in hybrid electric vehicles in Maine has increased by 33%, from 9,244 in 2022 to 12,369 at the end of last year, the governor’s office said.

Adam Lee, chairman of the board of Lee Auto Malls, said being able to charge electric vehicles when not at home is one of several factors that customers consider. His dealerships are selling only about five or six EVs a month, a small share of the 600 to 700 vehicles he sells, even with “very good incentives,” he said.

Until recently Lee said his dealerships had trouble getting inventory because of limited supply, though more are now being delivered.
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MrNubbz

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Re: Electric Vehicle News Items
« Reply #1250 on: January 12, 2024, 01:17:16 PM »
What about the Grid? Cut funding to all the bullshit special interests left and right. These short sighted suck asses they really should be caned then tasered
Suburbia:Where they tear out the trees & then name streets after them.

FearlessF

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Re: Electric Vehicle News Items
« Reply #1251 on: January 12, 2024, 02:58:27 PM »
62 DC Fast Charger ports and 520 Level 2 charging ports spread out aren't going to bother the grid
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MrNubbz

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Re: Electric Vehicle News Items
« Reply #1252 on: January 12, 2024, 03:46:22 PM »
Well if it's going to go forward like these loons want it will
Suburbia:Where they tear out the trees & then name streets after them.

FearlessF

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Re: Electric Vehicle News Items
« Reply #1253 on: January 12, 2024, 03:59:01 PM »
patience my man

it will burn down soon enough
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FearlessF

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Re: Electric Vehicle News Items
« Reply #1254 on: January 14, 2024, 02:35:15 PM »
Jan 11 (Reuters) - Lucid Group (LCID.O) said on Thursday its deliveries and production fell in the fourth quarter from a year earlier, sending its shares down to a record low.

High interest rates have weakened demand for EVs as customers cut back on big-ticket purchases, which has prompted automakers such as Ford (F.N) and General Motors (GM.N) to push back their planned EV and battery factory expansion plans.

Lucid has also been hit by a price war started by market leader Tesla a year ago (TSLA.O) to solidify its EV market share and combat slowing demand.


"With (Lucid) shares hitting a new record low, we see little in the way of fundamental or technical support for the stock and expect additional lows to be set," said Garrett Nelson, senior equity analyst at CFRA Research in a research note.

Lucid's deliveries fell about 10% to 1,734 vehicles in the three months to Dec. 31, compared with 1,932 units it handed over in the year-ago quarter.

Sector peer Rivian (RIVN.O) missed market expectations for deliveries in the final quarter of 2023 due to a broader slowdown in EV demand in the United States.


Lucid's production fell about 31% to 2,391 vehicles in the quarter, taking its annual production to 8,428 vehicles, in line with its lowered target of 8,000 to 8,500 units.

In November, the company cut down its earlier production forecast from more than 10,000 units, saying it needed "to prudently align (its output) with deliveries."

Shares of the company, backed by Saudi Arabia's Public Investment Fund (PIF), fell around 38% last year.
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MrNubbz

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Re: Electric Vehicle News Items
« Reply #1255 on: January 14, 2024, 03:12:18 PM »
They want investments,wait untl the Spring when the Horse Track Opens like the rest of us
Suburbia:Where they tear out the trees & then name streets after them.

FearlessF

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Re: Electric Vehicle News Items
« Reply #1256 on: January 14, 2024, 08:03:49 PM »
U.S. consumers looking to get a tax credit on an electric vehicle purchase have fewer models to choose from under new rules that limit the countries where automakers can buy battery parts and minerals — a potential blow to efforts to reduce planet-warming emissions from autos.

The Inflation Reduction Act signed into law in 2022 expanded tax credits ranging from $3,750 to $7,500 for purchases of new and used EVs, an effort by the Biden administration to stoke demand toward its goal that half of all new vehicle sales be electric by 2030. But qualifying for the credits depends on requirements related to their battery makeup and minerals that get tougher each year.


As of Jan. 1, new rules favor U.S. domestic materials and manufacture. The rules largely target battery components from nations “of concern” — mostly China, but also Russia, North Korea and Iran.

China dominates crucial parts of EV battery supply and production, even as automakers race to establish key mineral and components efforts elsewhere. As a result, only 13 of the more than 50 EVs on sale in the U.S. are eligible for the credits so far this year, down from about two dozen models that qualified in 2023.

The Tesla Model Y SUV, Chevrolet Bolt compact car and Rivian R1T pickup truck all still qualify. But even different trim levels and variants of the same model now qualify differently; certain Teslas are no longer eligible.

Neither are the Chevrolet Blazer SUV and the Cadillac Lyriq, from General Motors; the Ford Mustang Mach-E; or the Nissan Leaf.
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Entropy

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Re: Electric Vehicle News Items
« Reply #1257 on: January 15, 2024, 02:16:42 PM »
I would expect continued discounts at dealerships on EV's... they have inventory that is not moving.   

FearlessF

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Re: Electric Vehicle News Items
« Reply #1258 on: January 15, 2024, 02:25:01 PM »
yup, they said something about the dealerships discounting to match what would have been the tax credit
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847badgerfan

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Re: Electric Vehicle News Items
« Reply #1259 on: January 15, 2024, 04:16:01 PM »
https://www.wsj.com/articles/hertz-tesla-and-the-perils-of-groupthink-electric-vehicles-auto-industry-dd50c158?st=9an81su90iofyp8&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/hertz-tesla-and-the-perils-of-groupthink-electric-vehicles-auto-industry-dd50c158?st=9an81su90iofyp8&reflink=desktopwebshare_permalink
U RAH RAH! WIS CON SIN!

 

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