20 May 2024 01:31:47 UTC

 EDITOR'S CHOICE

Analysts Debate Outlook for Tesla Amid Price Cuts

14 Jan 2023 | Synopsis

"The latest round of discounts range from 6% to 20% for Model 3, Model Y and various performance models sold in the US and Europe.

"...TSLA had to decide whether to sacrifice volume growth or gross margins, and based on pricing actions, the answer appears to be gross margins...

"..an environment of EV deflation, we believe Tesla's strong balance sheet, cost/technology leadership and scale will be critical to solidifying their competitive advantage..."

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How to Set Up Your Home to Charge an Electric Car - And What You Should Expect to Pay

14 Jan 2023 | Synopsis

"...cost of a home-charging setup varies widely...Homeowners who already have a 240-volt outlet in a convenient spot may be able to simply buy a charger and plug it in.

"Others could need more extensive - and expensive - work..most of its jobs cost $1,600 or less..

... EV buyers can take advantage of a federal tax credit that covers 30% of charger-installation costs..." going with manufacturer recommended charger is "safe bet."

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Exxon's Own Models Predicted Global Warming - It Ignored Them

14 Jan 2023 | Synopsis

"Scientists working for the oil giant Exxon in the 1970s and 1980s estimated temperature increases with remarkable accuracy. Those findings could now be used as evidence in climate litigation.

"...new analysis demonstrates exactly how much the company knew - and how its public disinformation campaigns sabotaged the warnings of its own scientists...our scientists do good science, but we have our corporate board not listening."

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Republicans Want to "Phase Out" Electric Cars to Protect Fossil Fuels

14 Jan 2023 | Synopsis

"...Wyoming...Republican lawmakers are...pushing legislation that would ban the sale of all new electric vehicles...an effort to preserve the state's fossil fuel industry.

"...proliferation of electric vehicles at the expense of gas-powered vehicles will have deleterious impacts on Wyoming's communities...revenues from sources like coal, natural gas and oil make up the bulk of the state budget every year..."

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The Zero-Fare Public Transit Movement Is Picking Up Momentum

14 Jan 2023 | Synopsis

"Washington, D.C., is poised to officially eliminate its $2 bus fares starting in July, which would make it the latest city to adopt a zero-fare metro system.

"Already, Boston, San Francisco and Denver are experimenting with zero fare. In late 2019, Kansas City, Missouri, became the first major U.S. city to approve a fare-free public transit system.

"...movement has garnered support among business groups, environmental advocates..."

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People Love Electric Vehicles! Now Comes the Hard Part

13 Jan 2023 | Synopsis

"Drivers are embracing electric vehicles faster than industry analysts had expected, and sales are booming. But those e-wheelers will need somewhere to charge up...

"...one analysis projects that the country will need 495,000 if it hopes to hit state and federal goals to ban gas car sales by 2035. Each charger can cost more than $100,000 each to install...is still unclear about how such a big and novel piece of infrastructure can be assembled."

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Brian Kemp and the Electric Car: A Love Story

13 Jan 2023 | Synopsis

"...the Republican governor of Georgia...cares about environmental stewardship...in the way hunters and farmers do...noticed...that Georgia's coastal roads are flooding more these days.

"...Kemp has thrown himself into the task of constructing a clean-energy economy with impressive ferocity...moved aggressively to claim the economic opportunities associated with fighting climate change...He points to ...Ford's electric pickup"

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China Note! EU-Member Sweden Locates Rare Earth Deposits

13 Jan 2023 | Synopsis

A Swedish government-owned iron ore mining company says it has identified “significant deposits” of rare earth elements in Arctic Sweden that are essential for the manufacture of electric vehicles and wind turbines

The LKAB mine is"almost 1,000 kilometers...north of Stockholm...said there are more than 1 million tons of rare earth oxides... But the company warned that it could take at least a decade before mining starts."

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Electric Cars Are Killing the Car Dealership As We Know It

13 Jan 2023 | Synopsis

"Thanks to the disruption caused by EVs, car shoppers of all kinds can expect to spend less time wandering dealership lots, talking with salespeople, and haggling over pricing.

"...pros and cons to both the direct sales and dealerships. The direct-to-consumer sales model ...create a more streamlined approach to automotive retail and gives the company more control over pricing and customer experience. This approach, which requires a minimum buy-in of $500,000 from dealers, has courted some controversy."

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Motorists Are Being "Priced Away" from Car Ownership As Petrol and Diesel Ban Looms

13 Jan 2023 | Synopsis

The petrol and diesel car ban set to come into effect in 2030 is an attack "on the working class" and will lead to only "the rich" being able to drive, according to Express.co.uk readers

"This is an attack by the middle class [politicians] and the middle-class eco lobby on the working class and I bet part revenge for Brexit,” the reader alleged...My drive takes 45 to 50 minutes and costs £12.50 in fuel."

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