Evs California – Sfeva http://sfeva.org/ Fri, 04 Jun 2021 13:28:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://sfeva.org/wp-content/uploads/2021/05/sfeva-icon-150x150.png Evs California – Sfeva http://sfeva.org/ 32 32 Ford sold nearly 2,000 Mustang Mach-E in May, production rising http://sfeva.org/ford-sold-nearly-2000-mustang-mach-e-in-may-production-rising/ http://sfeva.org/ford-sold-nearly-2000-mustang-mach-e-in-may-production-rising/#respond Fri, 04 Jun 2021 12:31:00 +0000 http://sfeva.org/ford-sold-nearly-2000-mustang-mach-e-in-may-production-rising/

The Ford brand reported 153,582 vehicle sales in the United States in May (up 4.1% year-on-year), including very good results for its electrified lineup.

The all-electric Ford Mustang Mach-E rated 1,945 units (1.3% of Ford’s total profit), which is almost the same as in April. The cumulative number for the year is 10,510.

It is assumed that the demand for the Mach-E remains higher than the supply, since the manufacturer reports only 10 days on the lots (against 4 days in April and 7 days in March). One in four Mach-E was sold in California.

“With only 10 days to run, the Mustang Mach-E essentially sells out as soon as it hits dealer showrooms. Sales of Mach-E totaled 1,945, with 10,510 Mustang Mach-E sold this year. California is the largest market for this all-new high-performance electric SUV, with one in four Mach-Es sold in the state. “

Total sales of Ford’s electrified vehicles in the United States – xEV (BEV, PHEV, HEV) – stood at 10,364 (up 184% year-over-year). This category includes hybrids, such as the F-150 PowerBoost Hybrid, as well as the Escape and Explorer hybrids.

Ford’s electrified vehicle sales increased 184% in May, hitting a new sales record for electrified vehicles with sales of 10,364 vehicles. The growth came from Mustang Mach-E, which totaled 1,945 vehicle sales. While the F-150 PowerBoost totaled 2,852 for the month, Escape electrified vehicle sales totaled 3,617, up 125% from last year. Sales of the Explorer Hybrid also saw a sharp increase of 132% compared to a year ago on sales of 1,156 SUVs.

Ford also notes strong initial demand for the upcoming Ford F-150 Lightning electric pickup, which has received more than 70,000 reservations.

One of the most interesting things is the volume of production. In May, Ford Mustang Mach-E production hit a new monthly record of 6 845.

This is more than three times the number of units sold in the United States. It is assumed that most of them are exported to Europe. Most recently, the Ford Mustang Mach-E registered 1,384 registrations in Norway, becoming the best-selling car in May.

After five months, the production of the Mach-E stands at 27,816 – more than any other Mustang (26,089).


Source link

http://sfeva.org/ford-sold-nearly-2000-mustang-mach-e-in-may-production-rising/feed/ 0
Financing transport, a problem with the rise of electric vehicles http://sfeva.org/financing-transport-a-problem-with-the-rise-of-electric-vehicles/ http://sfeva.org/financing-transport-a-problem-with-the-rise-of-electric-vehicles/#respond Thu, 03 Jun 2021 17:30:00 +0000 http://sfeva.org/financing-transport-a-problem-with-the-rise-of-electric-vehicles/

[Stay on top of transportation news: Get TTNews in your inbox.]

While electric vehicles and alternative fuels help reduce greenhouse gas emissions, their continued adoption is forcing states to rethink the sources of transportation funding that currently come from taxes on diesel and gasoline.

States that already charge fees on alternative fuels and vehicles fear the amounts will bolster their coffers, as they barely replace what is lost in fuel tax revenue. They are therefore wondering how to close this gap – and overcome it – in new federal energy initiatives.

President Joe Biden’s budget proposal, unveiled on May 28, includes provisions for electric vehicles.

Some $ 600 million has been requested for electric vehicles and charging infrastructure in the individual budgets of 18 federal agencies, including dedicated funds for the General Services Administration and for charging infrastructure for the United States Postal Service.

“The federal fleet is probably a bit easier to do,” Robert Poole, director of transportation policy at the Reason Foundation, told Transport Topics. “These are not long-haul vehicles like Class 8 trucks. They are primarily delivery vehicles that can travel 100 miles in a day on battery power and be recharged at night. It is not a very adequate test for national conversion of personal vehicles and commercial vehicles.

At the state level, however, government agencies vary in their efforts to make money with electric and alternative fuel vehicles.

For example, Texas consumed 5.41 billion gallons of specialty fuels (diesel and alternative) last year, according to the Federal Highway Administration, but did not charge fees on electric vehicles.

The state said it collected $ 913 million in diesel fuel tax revenue for fiscal 2020.

Kevin Lyons, spokesperson for the Texas Comptroller of Public Accounts, said the Texas legislature is working on funding. Senate Bill 1728, which was passed by the Senate and transferred to the House of Representatives, would impose a charge on alternative fuel vehicles at the time of registration or renewal.

California, the next biggest consumer at 3.16 billion gallons last year, has taken steps to raise money from alternative vehicles. On July 1, 2020, an annual road improvement fee of $ 100 was collected at the time of registration renewal for each zero emission vehicle for the 2020 model year or newer. These fees will be adjusted for inflation each year.

Owners of electric vehicles also pay annual transportation improvement fees (such as those for internal combustion engine vehicles) based on the market value of the vehicle. This is a tiered fee determined by the California Department of Motor Vehicles and adjusted for inflation each year. This year, the fees are between $ 27 and $ 192.

California Department of Transportation spokesman Christopher Clark said diesel excise tax revenue stood at $ 1.25 billion for the fiscal year ended June 30, 2020.

Keith Duncan, head of the capital and finance office in Caltrans’ budgets division, said the charges for alternative fuel vehicles offer some financial recovery, but not to the full extent that would be lost in tax revenue on fuels.

“We can see an average vehicle paying between $ 300 and $ 400 a year in excise taxes compared to a zero-emission vehicle paying a $ 100 fee as part of the registration,” Duncan told Transportation. Topics. “Not being able to bridge dollar for dollar is definitely a concern for the future.”

For heavy trucks, Don MacKenzie, associate professor of civil and environmental engineering at the University of Washington, suggested vehicle-miles-driven charges indexed to axle load.

Kara Kockelman, a professor of transportation engineering at the University of Texas at Austin, said transportation departments needed some sort of distance-based pricing in addition to higher fuel taxes. However, she said road user fees are more expensive to administer than fuel taxes.

“The good thing is that there are only 200 refineries in the United States, and so we are billing there,” Kockelman told TT. “We really should increase the tax on gasoline significantly. We pay less for hazardous materials than for bottled water.

MacKenzie identified increasing performance range and improving charging time as major challenges that exist as charging stations still do not have the widespread presence of gas stations. “Until you have that level of ubiquity, you are not at the same level of convenience.”

Biden’s U.S. Jobs Plan proposes $ 15 billion to build a nationwide electric vehicle charging network with 500,000 ports by 2030.

Poole said investing in charging ports is a difficult coordination issue. He said that if the $ 15 billion is spent for this purpose, it would likely speed up the creation of charging stations, but it is not known if they will be good investments. There may be more loaders set up before there is a demand to use them, or there may be more vehicles than loaders.

“The federal government in Washington has regulatory levers to pull, but it cannot control the decisions made by consumers,” said Poole. “There are a lot of moving parts here. It’s hard to have this master plan to make everything happen on a certain schedule. “

Want more news? Listen to today’s daily briefing below or go here for more information:

Source link

http://sfeva.org/financing-transport-a-problem-with-the-rise-of-electric-vehicles/feed/ 0
Tesla begins hiring for senior and senior positions in India: report http://sfeva.org/tesla-begins-hiring-for-senior-and-senior-positions-in-india-report/ http://sfeva.org/tesla-begins-hiring-for-senior-and-senior-positions-in-india-report/#respond Thu, 03 Jun 2021 01:31:38 +0000 http://sfeva.org/tesla-begins-hiring-for-senior-and-senior-positions-in-india-report/

Tesla Inc. has started recruiting for senior and senior positions in India, according to a person familiar with the matter, as it prepares to enter one of the world’s largest emerging auto markets.

The California-based electric vehicle maker is recruiting for positions including a sales and marketing manager and a human resources manager, the person said, asking not to be identified. A Tesla fan club tweeted last week that the company had hired a senior legal advisor.

CEO Elon Musk has all but confirmed that Tesla will enter India in January after months of speculation. On January 13, the second richest man in the world tweeted “as promised” in response to a Tesla-focused blog post that the automaker was in talks with several Indian states to open an office, meeting rooms. exhibition, a research and development center – and possibly a factory.

Local media reported last month that Prashanth Menon, who has worked at Tesla for about four years, has been elevated to the country’s CEO.

Tesla did not immediately respond to a request for comment.

The electric vehicle maker is closely monitoring announcements by Prime Minister Narendra Modi’s government regarding changes to the country’s product tax and sales that could lower the cost of owning an electric car, the person said. close to the file. It is also waiting for new incentives for electric vehicle manufacturers under India’s production-related incentive program before it makes a real boost in the country.

Under the PLI, as it is known, manufacturing incentives will increase each year in an ongoing effort to get the world’s biggest brands to manufacture their products in India and export to the world. Last month, the Indian cabinet also approved a 181 billion rupee ($ 2.5 billion) plan to increase battery storage capacity to 50 gigawatt hours.

Tesla’s foray into India could prove difficult, however, even with sweeteners. Unlike China, India has not rolled out the welcome mat for electric cars. Tesla set up its first factory outside the United States in Shanghai and now dominates sales of premium electric vehicles in China. Electric vehicles account for about 6% of annual car sales in China, according to BloombergNEF, compared to less than 1% in India.

The high cost of Tesla cars is also seen as a sticking point. Although India is home to a nascent middle class, expensive cars remain beyond the reach of the vast majority of the population. Another barrier to large-scale EV adoption is the lack of charging infrastructure.

Tesla has chosen Karnataka, a southern state whose capital is Bangalore, for its first factory, the state’s chief minister said in February. Tesla has not commented. The automaker has been negotiating with local authorities for six months and is actively considering assembling cars on the outskirts of Bangalore, others familiar with the matter said at the time.

This story was posted from an agency feed with no text editing. Only the title has been changed.

To subscribe to Mint newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!

Source link

http://sfeva.org/tesla-begins-hiring-for-senior-and-senior-positions-in-india-report/feed/ 0
The advantages and disadvantages of electric cars http://sfeva.org/the-advantages-and-disadvantages-of-electric-cars/ http://sfeva.org/the-advantages-and-disadvantages-of-electric-cars/#respond Wed, 02 Jun 2021 08:59:00 +0000 http://sfeva.org/the-advantages-and-disadvantages-of-electric-cars/

Choosing a new car is difficult, and it is even more difficult if you choose between a traditional gasoline car or an electric car like the Nissan NSANY,
Leaf, Hyundai HYMTF,
+ 0.64%
Kona or Tesla Model S.

So check out our pros and cons of owning an electric vehicle to help you make an informed decision before signing the papers for your next car.


No gas

The biggest advantage of electric cars is obvious: you no longer need gasoline. This is a big deal since the average American spends between $ 2,000 and $ 4,000 on gasoline each year. With fully electric cars such as the Nissan Leaf, this cost is eliminated, although electricity is not free. A plug-in hybrid, or PHEV, can also eliminate some of your gas bill, but it still uses a gasoline engine as a range extender.

Low maintenance

Beyond the fuel saving benefit, electric vehicles offer another significant savings on maintenance. Since an electric vehicle is fully electric, it does not need oil to lubricate an engine. This means that oil changes are a thing of the past. The same goes for many other expensive engine work that could affect a gasoline car. The brakes don’t wear out as quickly either, so you won’t need to replace the pads as often as on a normal car.

For electric cars, you’ll find substantial savings thanks to the federal government’s mandate that manufacturers provide a minimum 8-year / 100,000-mile warranty on electric vehicle batteries. Some manufacturers offer even more protection, like the Hyundai Kona EV’s lifetime battery warranty. For the Kona, the automaker also pays maintenance costs for the first three years or 36,000 miles with electric models (and gasoline ones too).

Tax credits and incentives

Electric vehicles are not only less expensive to own in terms of maintenance. They may be accompanied by federal tax credits and other state and local incentives. The Mini Cooper SE, for example, starts around $ 30,000 – not a small number until you factor in the $ 7,500. federal tax credit. Many states also offer incentives for electric cars. As a result, the $ 30,000 Mini Cooper SE can easily drop below $ 20,000. Hiring an electric car can also be attractive. Some leasing companies take the tax credit and pass the savings on to the driver. Otherwise, use it as a bargaining point when buying a car.

See: These are the 10 best-selling EVs

Reduce your carbon footprint

Of course, there is another major advantage of owning an electric car. For many drivers, just knowing they are doing their part to save the planet will be reason enough to jump into an EV.

Lily: Here are all your choices of electric vehicles, and which have the best safety features



The biggest obstacle to owning an electric car is range and the anxiety of running out of juice when you’re away from a charging station. However, as battery technology improves, range will also improve and these challenges will begin to fade away. According to reports, Toyota TM,
+ 3.83%
plans to unveil a solid-state battery with a range of 600 miles every day.

Until then, here are some examples of what you can expect from a longer battery life. According to the Environmental Protection Agency, for the 2021 Nissan Leaf Plus with its 62 kWh battery, its range is approximately 226 miles. For most drivers, that’s more than enough to get around, but many will need a second car, if only to calm their nerves.

Tesla TSLA,
the cars can cover some of the longest ranges of any production electric vehicle on the market. The 2021 Tesla Model S offers an estimated EPA range of up to 387 miles, and upcoming Model S sedans claim even higher numbers.

To note: Estimated ranges may change, especially over time or with a change in temperature.

Installation of an EV charging station at home

Another big downside is that many drivers have to install an EV charging station at home. This is not entirely necessary if you live near a plethora of public charging stations around major cities or at work or in shopping malls. But most buyers prefer the convenience of a home charging station, reducing the cost savings of owning an EV in the first place. And while you can technically charge an electric car from a standard 120-volt outlet, a 240-volt Level 2 charging station is much faster.

Expensive battery replacement

While owning an electric vehicle eliminates many maintenance issues such as oil changes, it can also come at great expense. These are mainly due to the batteries fitted in modern electric vehicles. The overall battery life is expected to be around a decade, and replacement batteries can be expensive. Most estimates put them well in the thousands of dollars.

Electricity still costs money

Finally, owning an EV doesn’t eliminate fuel costs. As mentioned, electricity isn’t free – and charging during peak hours can increase your utility bills. Yet many drivers won’t see their costs increase by more than $ 20 per month, at most. As of this writing, consumers pay about 13 cents per kilowatt hour in the United States for residential electricity. California residents pay more than 21 cents per kWh.

Learn more: How much does it cost to charge an electric car? We do the math

While it can be difficult to choose between electric vehicles and gasoline models, we hope that our explanation of the pros and cons can make the choice easier.

This story originally took place on Autotrader.com.

Source link

http://sfeva.org/the-advantages-and-disadvantages-of-electric-cars/feed/ 0
California plans ‘massive scale up’ of grid for 90% electric vehicles by 2035 http://sfeva.org/california-plans-massive-scale-up-of-grid-for-90-electric-vehicles-by-2035/ http://sfeva.org/california-plans-massive-scale-up-of-grid-for-90-electric-vehicles-by-2035/#respond Tue, 01 Jun 2021 12:08:05 +0000 http://sfeva.org/california-plans-massive-scale-up-of-grid-for-90-electric-vehicles-by-2035/

Achieving the targets California has set for electric vehicle use will require significant investment in infrastructure and recalibration of how and when vehicle owners use energy to avoid bills. utilities and help protect the state’s electricity grid.

Governor Gavin Newsom announced last fall that all passenger cars and trucks sold in the state must be zero emissions by 2035. The goal will require a big change for California drivers, more than 85% of whom still drove gasoline and diesel vehicles in 2019 , according to the California New Car Dealers Association’s California Auto Outlook.

The California Air Resources Board traced at the end of May additional requirements for ridesharing companies, which must use electric vehicles for at least 90% of all kilometers driven by 2030.

“California plans to use the tariffs to encourage charging behaviors that will help the state electrify transportation while reducing grid carbon emissions and saving taxpayers and drivers money,” said Patty Monahan of the California Energy Commission. There is great pressure for California drivers to embrace electric vehicles after Gov. Gavin Newsom announced last year that the state would no longer allow the sale of gasoline and diesel vehicles by 2035.
Smith / Gado / Getty Images Collection

To achieve these goals, the California Energy Commission (CEC) Senior Commissioner on Clean Transportation, Patty monahan, an estimated 8 million electric cars and passenger trucks will be needed by 2030, along with around 1.2 million chargers to power them.

“It’s really going to involve a massive increase,” Monahan said Newsweek. California currently has about 70,000 chargers and funding for another 120,000, Monahan said, but large investments in electric vehicle infrastructure will still be needed to meet state goals.

The CEC is responsible for assessing California’s energy needs and has been tasked with identifying the types of investments that will be needed to meet Newsom’s 2035 deadline. There are many changes to be made over the next 13 years, but Monahan said she is confident the state will succeed.

“This is really the scale of zero emission vehicle infrastructure: ensuring we have the right investments in battery electric vehicles and fuel cell electric vehicles to deal with the vehicle transition. combustion engine towards an electrified transportation future, ”said Monahan.

“I am convinced that a combination of public-private investments can put us on the right track to be able to achieve these goals,” she added.

Newsom’s latest budget proposal includes $ 1.5 billion for electric vehicle infrastructure. In addition to the spending suggested by Newsom, Monahan said there also appears to be an “appetite” within the state legislature to support the push for electric vehicles.

Access to chargers is another piece of the puzzle that Monahan has said the CEC is “laser focused on”, as are the state’s Air Resources Board and the California Public Utilities Commission. According to National Renewable Energy Laboratory (NREL) researcher Matthew Moniot, ensuring all California residents have access to electric vehicle infrastructure will be a “huge problem” as the state continues to push for the adoption of electric vehicles. electric vehicles.

Solar farm in California
The aerial view of a solar farm in Simi Valley is photographed in California. California leads the country in solar power generation, according to a ChooseEnergy.com assessment.
Sam Lafoca / Construction Photography / Avalon / Getty Images

“Electric vehicles today are disproportionately driven by owners,” Moniot said. “This is largely because owners have the money to buy new cars. But also, the experience is much more positive if you have the power to put in a night charging socket.”

This is not the case with residents who rent their homes, many of whom do not have designated parking spaces.

“If every car is to be electric, we really need solutions for people who don’t have that more reliable overnight parking situation,” said Moniot.

The initial purchase of an electric vehicle can also act as a barrier to entry for some California residents, as vehicle prices tend to be higher than their gasoline or diesel counterparts. This price difference is likely to narrow over time as demand for electric vehicles increases and the market thus becomes more competitive, Monahan said.

While electric vehicles have the potential to dramatically reduce California’s greenhouse gas emissions –more than half of the state’s carbon pollution currently comes from transportation, according to Newsom’s office – its use is expected to put pressure on California’s electricity grid. According to ReutersThe growing U.S. dependence on electric vehicles will require significant energy investments across the country, with NREL estimating that U.S. power generation will need to double by 2050 to meet demand.

Moniot said Newsweek California has become more energy efficient in recent years with the help of renewable sources like wind and solar power. California produces more solar energy than any other state, says an evaluation by ChooseEnergy.com and President Joe Biden ad at the end of May, an investment in offshore wind projects off the northern and central coasts of California. The projects could provide enough energy to power 1.6 million homes, according to a White House fact sheet.

Monahan said CEC was “super excited” about the power generation potential of offshore wind projects. As investments in renewable energy sources continue to increase, she said it would also be “extremely important” to invest in the storage of this energy so that Californians can have access to it at any time of the day. day.

“This is one of our big goals as a state: to support the storage technologies that we will need in addition to the production technologies, like offshore wind,” said Monahan. Newsweek.

As renewable energy sources ease some of the strain on California’s electricity grid, an increasing number of electric vehicles on the road will increase the pressure.

Offshore wind project
The Burbo Bank offshore wind farm in the Irish Sea is pictured on November 19, 2020 in Wallasey, England. President Joe Biden announced in May that his administration would go ahead with plans for offshore wind projects off California’s northern and central coasts.
Nathan Stirk / Getty Images

“Electric vehicles are one of the main sources of load growth,” said Moniot. Even so, he said he was optimistic about the state’s ability to adapt over the next decade.

“Market disruptions like this are slow – until they are not,” he said. He cited as an example the changes in cell phone technology between 2002 and 2012 – a comparison he noted is not straightforward, but still illustrates how markets can change dramatically in a decade. .

As this evolution occurs, finding a new balance for California’s electricity grid will be crucial, Moniot said. Many current EV owners who are used to charging their vehicles overnight may need to change their charging behaviors to optimize daylight hours, when more solar and wind power is available.

“You want to make sure that you are balancing the amount of energy coming into the grid versus the energy coming out of the grid,” Moniot said. “As long as you’ve trained the drivers and the customers – which is going to be a tough part – there’s a lot of room for EVs to participate in this balancing act in a positive way.”

The ability of drivers to be flexible about when and how to charge their vehicles is another reason Moniot said widespread access to chargers would be crucial.

“If you don’t have a home charger or a workplace charger, you can’t participate in this flexibility game as much as those with ubiquitous access to infrastructure,” Moniot said. “Investing in more holds is almost always a good thing.”

Monahan said Newsweek the tariffs of public services will also be essential to create new consumption behaviors.

“Charging behaviors are important to the goals of the California grid,” she said. “By encouraging, primarily through tariffs, billing behaviors that capitalize on renewable energy production, we fundamentally have a victory for the grid, and we have a victory for drivers in terms of reduced tariffs.

Charging station for electric vehicles
A driver walks past an electric vehicle charging station in Los Angeles, California on May 18, 2021.
FREDERIC J. BROWN / AFP via Getty Images

Monahan described utility tariffs as a “climate strategy” that California can use to encourage charging behavior that will ease the anticipated strain on the state’s electricity grid.

“California plans to use tariffs to encourage charging behaviors that will help the state electrify transportation while reducing grid carbon emissions and saving taxpayers and drivers money,” a- she declared. Newsweek.

Although Monahan has said it is possible to meet the deadlines for electric vehicles facing California, a serious increase in infrastructure investment will be needed to put the thinking into action.

“I’m afraid we don’t have enough infrastructure to be able to do it in the time we need,” Monahan said. “We really need to start investing smartly in infrastructure.”

She reiterated the importance of ensuring that electric vehicle infrastructure is in place for all communities, regardless of home ownership. “This is a huge opportunity, so let’s not lose this opportunity, lose our momentum, because we don’t have enough infrastructure to meet the need.”

Despite his concerns about the timing, Monahan said support for the push for electric vehicles so far away from the state government and the Biden administration was a promising sign.

“I feel optimistic,” she said.

Source link

http://sfeva.org/california-plans-massive-scale-up-of-grid-for-90-electric-vehicles-by-2035/feed/ 0
Prepare for $ 5 gasoline http://sfeva.org/prepare-for-5-gasoline/ http://sfeva.org/prepare-for-5-gasoline/#respond Mon, 31 May 2021 20:00:00 +0000 http://sfeva.org/prepare-for-5-gasoline/

Prepare for $ 5 a gallon of gasoline – especially if you live in California.

At least it was the pretension of a new WSJ Editorial who claims that higher taxes and environmental regulations drive up the price of gasoline.

Author Allysia Finley notes that the average cost at the pump in California is now $ 4.18 per gallon, noting that in 2017, Democrats in the state legislature increased a tax on each gallon by 20, 8 cents over three years.

California drivers now pay an astonishing 63 cents per gallon in state and local taxes, compared to an average of 36.8 cents elsewhere in the country.

The reasoning behind the price hike was to repair the state’s infrastructure, but instead the profits were “directed to projects to reduce greenhouse gas emissions, such as bicycle lanes. and public transport, ”the editorial notes.

The California Air Resources Board is also responsible for imposing a tax through its cap-and-trade program, which added about 14 cents per gallon to the average price of gasoline in the state.

CARB requires retailers to sell “a special blend of super clean-burning gasoline” that raises the price by an additional 10 cents per gallon. The Council “assigns carbon intensity ratings to hundreds of fuels” and requires refiners to score low for blending low carbon fuels. If they cannot meet the threshold, they are forced to buy carbon credits, which also drives up the price of fuel.

The council allocates these credits to utilities when their customers charge electric vehicles at home. The utilities then turn around and sell the credits to the refiners. Drivers of gasoline-powered vehicles subsidize thousands of electric vehicle buyers, the editorial notes:

For example, Californians can get a rebate of $ 1,500 from their local utility in addition to $ 2,000 from the state and $ 7,500 from the federal government for the purchase of an electric vehicle. Soft.

Yet gasoline-powered car drivers are subsidizing utility rebates by raising fuel prices. With the decline in the state’s benchmark carbon intensity, regulatory credit prices have skyrocketed from an average of $ 17 in 2012 to $ 198 in the first quarter of this year. An analysis done last fall by Stillwater Associates estimated that the program would add 24 cents a gallon to the price of gasoline this year and 63 cents by 2030.

Refiners, due to state rules, are turning to the production of renewable fuels, which are now “much more profitable” thanks to regulatory and tax credits. But the conversion of the infrastructure that refineries will need to undertake to produce this fuel – as Marathon Petroleum recently plans to convert a refinery in California – will again mean higher prices for California drivers.

In fact, many refineries have simply closed their doors due to heavy regulations. This means that when the remaining refineries experience blackouts, the price spikes are more severe.

“California drivers can soon expect to pay more than $ 5 a gallon at the pump as the state’s green mandates increase and gasoline refineries close or convert to renewable fuels,” the editorial concludes.

By Zerohedge.com

More most popular reads from Oil dollar:

Source link

http://sfeva.org/prepare-for-5-gasoline/feed/ 0
Could Incentives Save You Thousands? http://sfeva.org/could-incentives-save-you-thousands/ http://sfeva.org/could-incentives-save-you-thousands/#respond Mon, 31 May 2021 10:11:06 +0000 http://sfeva.org/could-incentives-save-you-thousands/

(Nerdwallet) – I recently got a good deal on my third electric car, and it reminded me how different the process is from buying a regular gasoline vehicle.

While much of the conventional car buying advice still applies, there are additional steps that, when done correctly, can save you thousands of dollars. Here is the strategy I have developed over the past 10 years of buying electric vehicles that will help you get the best deal on the right car.

What incentives and discounts are available?

Without financial assistance such as incentives, you will pay significantly more for electric vehicles than their gas-powered counterparts. The incentives, which vary from car to car, can also affect which electric vehicle you choose.

There are three general types of incentives:

  • Incentives in cash your state and local governments and, in some cases, power companies.
  • A federal tax credit of $ 7,500 if you buy an electric vehicle from an eligible manufacturer.
  • Local benefits such as access to carpool lanes, free charging and free parking.

Since I was planning on buying the Hyundai Kona EV, I knew I would get a check for $ 2,000 from the California Clean Vehicle Rebate Project and $ 1,500 off the price of the car from my utility, Southern. California Edison. The car is also eligible for the federal tax credit of $ 7,500, bringing the potential amount of help available in my case to $ 11,000.

Plus, I had access to a carpool lane, a huge plus in the traffic-congested LA area.

Should I rent or buy an electric vehicle?

Electric cars often benefit from special financing programs from the manufacturer. To find what’s available, go to the automaker’s website and look for a tab that says something like “deals” or “local specials”.

You can see both rental and purchase options, but experience has shown me that it is better to rent an electric car because:

  • Electric vehicles depreciate rapidly, 52% in three years, according to Car and Driver. If you buy an electric vehicle and want to sell it after, say, five years, you will have lost more money than with a gasoline-powered car.
  • Technology is changing rapidly, so your electric vehicle will be obsolete in three years.
  • The range of travel electric cars is growing rapidly. I got 73 miles per charge in my first EV, the 2011 Nissan Leaf, 103 miles in my 2012 Toyota RAV4 EV, and 258 miles in my Kona.
  • Some EV batteries lose their ability to fully recharge after a few years.

Part of my decision to get the Hyundai (in addition to good expert reviews) was that the manufacturer was offering a special lease for this month: $ 1999 in moving costs and a monthly payment of $ 199. for a three-year lease offering 10,000 miles per year. .

To achieve this relatively low monthly payment, Hyundai reduced the cost of this car, which was $ 39,000, by $ 12,000. This reduction includes the $ 7,500 tax credit, which in the case of a lease goes to the manufacturer, and the $ 1,500 support from the local utility company.

The other incentive available, the state’s $ 2,000 rebate, went into my pocket.

How do I locate the EV I want?

Car manufacturers produce a limited number of electric vehicles, so it can be difficult to find the car you want. In some cases, cars in demand or not yet marketed may require you to register on a waiting list. For example, the Volkswagen ID.4 Pro 2021 has a “build and reserve” feature that allows you to specify the car as desired.

A local dealer most likely has a demo EV model that you can test drive before ordering. If possible, try charging the car at home to make sure the connector is compatible. Also experience “one-pedal driving” – a feature popular with EV drivers – which means you don’t constantly move your foot from the brake pedal to the accelerator pedal.

Not all salespeople know the EVs they have on their land. Check Yelp Reviews for the names of knowledgeable sellers or call the Sales Manager and ask if there is a designated EV seller. A good EV salesperson can know what incentives you’ve been missing and contractors who can install home charging units, and they can even help you decide. if an electric vehicle meets your needs.

What’s the best way to close the deal?

If you are renting an electric vehicle, or a car for that matter, you don’t need to purchase an extended warranty because the bumper-to-bumper warranty will be in effect for at least the three years of the lease.

Still, the CFO will likely offer other extras, such as a warranty covering excessive wear, wheel and tire damage, and windshield repairs. These warranties are expensive (in my case, it would have added over $ 1,000 to my contract), and the cost often outweighs the benefits to drivers, according to Consumer Reports.

If you decide to buy and haven’t put in a lot of money, consider adding gap insurance. Severe depreciation could force you to pay more than the car is worth if it is accumulated in an accident. Your insurance company may offer a better price than the dealer.

More from NerdWallet

Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com. Twitter: @AutoReed.

The article How to buy an electric car originally appeared on NerdWallet.

Source link

http://sfeva.org/could-incentives-save-you-thousands/feed/ 0
Texas-made Teslas will likely have to leave the state before Texans can buy them http://sfeva.org/texas-made-teslas-will-likely-have-to-leave-the-state-before-texans-can-buy-them/ http://sfeva.org/texas-made-teslas-will-likely-have-to-leave-the-state-before-texans-can-buy-them/#respond Sun, 30 May 2021 13:02:47 +0000 http://sfeva.org/texas-made-teslas-will-likely-have-to-leave-the-state-before-texans-can-buy-them/

You’re here Build a factory in Texas You will need to build cars, but during operation you may need to detour until the cars made there get to your buyers in Texas (Going through drive). State law prohibits automakers from selling directly to consumers, allowing Tesla to ship cars from factories in Austin to other states before they are returned to buyers in Texas. There is sex. State lawmakers were discussing legislation to prevent the situation but missed the opportunity to pass the bill before resting until 2023. The factory should be completed Until the end of 2021.

The law prohibiting automakers from selling their cars directly to consumers isn’t limited to Texas, nor is it intended for Tesla. Originally placed It’s about preventing manufacturers in many states from undermining franchise dealers and keeping them from doing business. Tesla has no franchise franchisees to protect, but as it is written today, it has nothing to do with Texas law.

Employees at a new plant (Tesla plans to invest $ 1 billion) will have to wait until their car is taken to a dealership in another state for processing before returning to that plant. It is an embarrassing situation for the state. This can also apply to Elon Musk himself. He said he had already moved to the state this year. It’s also a little embarrassing for Tesla. Tesla decided to build a factory in the state without signing a contract to sell the car.

I have been billed The proposal proposed by the Texas Parliament appears to be suitable to support Tesla at first glance. And Only if these companies did not have a franchised dealership in the state. This could rule out companies like Ford, but Ford sells electric vehicles, but like other electric vehicle manufacturers. Rivian, Ming, And Canoe Once the vehicle is in production, it will be sold directly.

Tesla and other electric vehicle makers have fought for direct sales licenses in many states over the years, and have recently seen some success. Rivian was also accessible recently) And Tesla Michigan Law EscapeThere are 12 states that Tesla allows to sell directly to customers. Open a limited number of resellers..

However, promising buyers have yet to overcome challenges, such as sending documents across state borders to obtain temporary labels or traveling to other states to purchase. There are plenty of states that need to be: Carolina, New Mexico, and of course Texas, all have direct sales, but all the bills have been closed and indefinitely willed or ignored for years. There is also a page on the site Here we ask our clients to speak to elected officials about these cases.

Connecticut is another state that is not allowed to sell directly (although Tesla can lease cars to its customers). Currently the law is promulgated Enabling direct selling, Tesla and Rivian work together to enact legislation This year in other states In the same way. In many states, Tesla has found a way to deliver cars to customers, but it’s not without hassle.

But for Texas, it may take a while for the law to be enacted. Tweeted AT driveAn article about a member who does not have time for a change of state. Even if Congress is adjourned until 2023, it is not impossible that this will happen. Focus on unadopted legislation. Abbott did not respond to requests for comment on its intention to do so.

There may be legal loopholes, like in Michigan, but Texas lawmakers don’t seem to be rushing down the road: Tesla also tried to win the right to sell the car directly to Texans. In 2013 And 2015, And lost both times.

Texas-made Teslas will likely have to leave the state before Texans can buy them Source link Texas-made Teslas will likely have to leave the state before Texans can buy them

Source link

http://sfeva.org/texas-made-teslas-will-likely-have-to-leave-the-state-before-texans-can-buy-them/feed/ 0
Ford: electric vehicles will account for 40% of global sales by 2030 | Business http://sfeva.org/ford-electric-vehicles-will-account-for-40-of-global-sales-by-2030-business/ http://sfeva.org/ford-electric-vehicles-will-account-for-40-of-global-sales-by-2030-business/#respond Sat, 29 May 2021 15:00:00 +0000 http://sfeva.org/ford-electric-vehicles-will-account-for-40-of-global-sales-by-2030-business/

The automaker said in a presentation to investors on Wednesday that it would add about $ 8 billion to its electric vehicle development spending this year through 2025. That brings the total spending to nearly $ 20 billion as Ford begins to develop and build batteries in a joint venture with SK Innovation of South Korea.

Under former CEO Jim Hackett, Ford has been criticized by analysts for moving too slowly on its turnaround and future vehicle plans. But those plans have accelerated under the leadership of CEO Jim Farley, who took over last October.

“Today is the show, not the hour, for the Ford team,” Farley said at the start of the presentation.

Wall Street liked what it heard and stocks jumped $ 1.09, or 8.5%, to close Wednesday at $ 13.90, a level not seen in about five years.

Ford has announced two new electric vehicle platforms to handle pickup trucks, commercial vehicles and SUVs such as the Ford Explorer. He also said smaller vehicles in Europe would be built on the foundations of Ford partner Volkswagen. But company executives have not given details on when the new electric vehicles will go on sale.

Much of the 40% electric vehicle sales target will come from Europe, where the company has committed to converting its entire range of passenger vehicles to electric power by 2030.

The global auto industry and government policy makers are trying to switch from internal combustion to battery power in order to reduce climate change. Some European countries, as well as California, are planning to phase out petroleum-powered vehicles, while President Joe Biden promises to spend billions on charging stations as well as tax credits and discounts to encourage people to switch.

Ford Crosstown rival General Motors hopes to stop selling combustion vehicles by 2035.

In addition, Exxon Mobil shareholders voted Wednesday replace at least two of the 12 members of the company’s board of directors with directors deemed more suited to tackling climate change.

Farley said Ford’s financial performance had not been acceptable in recent years, but had accelerated its recovery plan and made progress in recent quarters. The company is now generating cash flow in order to grow the scale of its electric and commercial vehicle business, he said. Ford has predicted it will post a pre-tax profit margin of 8% in 2023.

The company also announced that it will create a separate business called Ford Pro that will focus on buyers of commercial and government fleets. He expects the company to generate $ 45 billion in annual revenue by 2025, up from $ 27 billion in 2019.

It also expects to have around 1 million vehicles capable of obtaining software updates over the internet by the end of this year. Ford says it will have more vehicles with this capacity than Tesla by July 2022. This opens up the possibility of additional revenue through driver assistance technology and digital subscription services, a market of 20 billion dollars by 2030, Ford said.

In the United States, Ford’s largest market, electric vehicles accounted for just 1.2% of Ford’s sales through April. Ford currently offers only one all-electric vehicle, the Mustang Mach-E SUV, but next spring it will have a fully electric F-150 pickup and a large battery-powered Transit commercial van on the roads. The company said 70,000 customers had deposited $ 100 deposits to reserve an electric F-150 within a week of its unveiling. Ford’s F-Series pickup is the best-selling vehicle in the United States

Ford said it is planning a new rear-wheel-drive and all-wheel-drive electric vehicle architecture to bring a new generation of high-selling vehicles, including a Ford Explorer electric SUV and other larger SUVs with two and three rows. of seats.

The company is also planning additional vans and pickup trucks based on the new architecture, and it expects a third of pickup truck sales to be fully electric by 2030, said Hau Thai-Tang, chief development officer. of the company’s products.

COO Lisa Drake said that by making electric versions of its top-selling brands, the Mustang, F-150 and the Transit van, Ford can bring bulk purchasing power to electric vehicles than smaller ones. startups can’t.

She said 70% of Mustang Mach-E electric SUV sales come from other automotive brands, proving that electric vehicles will help Ford increase sales.

Ford, she said, expects to cut battery costs from today’s $ 140 per kilowatt hour to less than $ 100 by 2025 and to $ 80 by the end of this decade.

As an example of his turnaround plan in place, CFO John Lawler said international companies, including Europe, China and South America, lost more than $ 2 billion. dollars a year for the past two years, but in the first quarter had generated a profit of $ 500 million.

Lawler would not commit to when Ford would reinstate its dividend, which was suspended at the start of the coronavirus pandemic. He said the company was focusing on investing in growth areas and would pay the dividend “as soon as possible”.

The $ 8 billion in additional spending on electric vehicles would go to the joint venture with SK Innovation to develop and manufacture batteries announced last week. The company will build two North American factories to manufacture batteries for approximately 600,000 electric vehicles per year by the middle of this decade. The companies say they have signed a memorandum of understanding, but details on the ownership structure and factory locations have yet to be worked out.

Source link

http://sfeva.org/ford-electric-vehicles-will-account-for-40-of-global-sales-by-2030-business/feed/ 0
Nashville startup Earth Rides offers an electric vehicle alternative to Uber, Lyft. http://sfeva.org/nashville-startup-earth-rides-offers-an-electric-vehicle-alternative-to-uber-lyft/ http://sfeva.org/nashville-startup-earth-rides-offers-an-electric-vehicle-alternative-to-uber-lyft/#respond Sat, 29 May 2021 08:03:32 +0000 http://sfeva.org/nashville-startup-earth-rides-offers-an-electric-vehicle-alternative-to-uber-lyft/

Earth Rides had 20 employees at the start of 2021 and now has 40, she said, and the business is profitable.

While they don’t have the same national user base as Uber and Lyft, a handful of smaller startups, including Earth Rides, have sought a niche in cycling. Ride Austin was a non-profit organization that operated between 2016 and 2020, but sealed after suspension of operations at the start of the pandemic last year.

Alto launched in Dallas in 2018 with 10 company-owned cars and now serves cyclists in that city as well as in Houston and Fort Worth, Texas and Los Angeles. Next month, Iizi will enter service in North Carolina.

Competition with national incumbents requires a marketing plan carried out on a shoestring budget and largely dependent on word of mouth, according to Hernandez. For Earth Rides, a series of partnerships with local universities, restaurants, Airbnb hosts, apartment complexes, and more.

“How do we meet people where they are? How can we find these people without spending a lot of money on this advertising and marketing,” she said. “We wanted to keep our costs low, so we knew we had to do something different to get people into the car.”

Earth Rides is also working with communities in Nashville to ensure residents with disabilities who otherwise would not have access to transportation get to where they need to go. Whether it’s offering these rides or helping cut pollution, Hernandez sees it all as a chance to give back to his hometown.

“There are children who are in displaced homes, and they can’t even use the school bus system, so how do they get to school?” she asked. “There are so many opportunities in the transportation industry. So I think it’s imperative that I’m here to be an asset.”

Source link

http://sfeva.org/nashville-startup-earth-rides-offers-an-electric-vehicle-alternative-to-uber-lyft/feed/ 0