13 July 2018 | 200,000th Tesla Triggers Tax Credit Reduction, Oil Price Rises Won’t Affect EV Owners and Young Buyers Want Electric Cars
Tesla Is First To Hit 200,000 EV Sales In North America | Good News For EV Drivers - Oil Prices On The Rise | Young People Bang Up For Electric Cars, Old People Not So Keen | AA Develops Europe’s First Mobile Fast Charger For Electric Cars | Southern California Edison Proposes To Install 48,000 More Charging Points | Elon's Bloomberg Interview Highlights | McLaren Announce Electric Plans
Well good morning, good afternoon and good evening, wherever you are in the world, hello and welcome to the Friday 13th July edition of EV News Daily. It’s Martyn Lee here with the news you need to know about electric cars and the move towards sustainable transport.
TESLA IS FIRST TO HIT 200,000 EV SALES IN NORTH AMERICA
- It's the news InsideEVs has been chewing over for a few days, on one hand have they, on the other haven't they. Well we heard direct from Tesla yesterday, they have. I'm talking about 200,000 sales. "Tesla Inc has delivered 200,000 electric cars in the United States, a spokesperson said on Thursday, resulting in lower tax credits for future buyers." according to Reuters: "Under a tax overhaul last year, tax credits are available for the first 200,000 electric vehicles sold by an automaker. It is then reduced by 50 percent every six months until it phases out. From Jan. 1 next year, the current $7,500 tax credit will go down to $3,750 until the middle of the year, the Tesla website said. So it looks like they held back deliveries until July 1st and it's incredible it really did come down to just the final few cars and keeping them away from buyers.
GOOD NEWS FOR EV DRIVERS - OIL PRICES ON THE RISE
- "Despite short term peaks and valleys, and a recent agreement by OPEC to ease production restrictions, the overall trend in oil prices is on the rise." if you saw this on GreenCarReports: "Bernstein research, an investment research company, which forecast last week that oil could hit $150 a barrel by 2020, just a couple of years from now, according to an article in the Energy Security Weekly Update. Those levels would surpass the $147 per barrel that oil hit in 2008, and could represent nearly a doubling of today's gas prices. (Oil closed around $70 on Wednesday.). If Bernstein's forecast proves correct, it could provide a big boost for electric cars and bolster forecasts showing dramatic growth for electric cars between 2020 and 2040."
YOUNG PEOPLE BANG UP FOR ELECTRIC CARS, OLD PEOPLE NOT SO KEEN
- "A survey asking young people what kind of car they might buy were they to ever have any money has thrown up a massive divide in age-related opinion, with the under-35s much more likely to consider going non-petrol and full-EV than their parents and grandparents." reports Gizmodo: "The poll was conducted for the AA by Populus, and asked 10,000 people some fairly boring questions about cars. The key stat as far as EV enthusiasts are concerned is that electric cars are vastly more acceptable to young people, with 50 per cent of drivers aged 34 and under saying they would like to own an electric car. This plummeted to just 25 per cent of drivers aged over 65, as worries about range, charging cables and the like make petrol and diesel the favourite choices for pensioners."
AA DEVELOPS EUROPE’S FIRST MOBILE FAST CHARGER FOR ELECTRIC CARS
- News from Ireland. "The AA has developed the electric equivalent of “a gallon in a tank” – a mobile fast charger that can give stranded drivers a boost to get them back on the road." Tim O'Brien for the Irish Times says: "The first of their kind in Europe, the mobile charging units are powered directly by the AA Rescue Van as opposed to a separate generator. On average, the AA will be able to provide an electric vehicle with approximately 15 per cent of full battery charge in just 20 minutes, allowing the motorist to then proceed to the nearest charging point."
SOUTHERN CALIFORNIA EDISON PROPOSES TO INSTALL 48,000 MORE CHARGING POINTS
- "The Charge Ready network, launched two years ago as a pilot program by Southern California Edison (SCE), recently installed its 1,000th charging station. Now SCE has filed a plan with the California Public Utilities Commission to invest $760 million to expand the program to 48,000 (!) more charging points." according to Charles Morris at ChargedEV: "Most of the charging stations added during Charge Ready’s pilot phase were installed at workplaces, schools and universities, hospitals, destination centres and fleet yards. In the second phase, SCE plans to increase the number of chargers at apartment and condominium complexes as well."
ELON'S BLOOMBERG INTERVIEW HIGHLIGHTS
- Fred at Electrek has picked out some of the highlights of a recent interview with Elon Musk and BLoomberg: "“The past year has been very difficult, but I feel like the coming year is going to be really quite good,” he said. He still had “one foot in hell.” He said manufacturing hell will be over in a month. “I feel like I have a great debt to the people of Tesla,” he says, his voice cracking with emotion. “The reason I slept on the floor was not because I couldn’t go across the road and be at a hotel. It was because I wanted my circumstances to be worse than anyone else at the company. Whenever they felt pain, I wanted mine to be worse. “You know,” he continues, “at GM they’ve got a special elevator for executives so they don’t have to mingle with anyone else. My desk is the smallest in the factory, and I am barely there,” he says. “The reason people in the paint shop were working their asses off was because I was with them. I’m not in some ivory tower.”
- Fred also says: "The automaker investor relation team held a meeting with investors and analysts this week and the company reportedly disclosed that they are now aiming for a production rate of 7,000 per week by the end of the year and 10,000 per week by mid-2019."
https://electrek.co/2018/07/12/elon-musk-tesla-production-model/
MCLAREN ANNOUNCE ELECTRIC PLANS
- McLaren Automotive, which saw record Canadian sales in 2017, plans to invest US$2.1 billion as it prepares to launch 18 new cars by 2025. Electrification will be a cornerstone of McLaren's investment, the British automaker said Thursday at the Goodwood Festival of Speed in rural southern England. McLaren, of which Canadian Michael Latifi owns 10 per cent, plans to convert its sports car and supercar fleet to hybrids by 2025 as it prepares for tighter emission standards around the world.
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