EDITOR'S CHOICE

US Treasury Lays Out Rules For Instant EV Rebate

12 Oct 2023 | Synopsis

"The new guidance lays out how dealers can effectively reduce the price for an EV for consumers by as much as $7,500 at the time of the purchase, rather than requiring the buyers to wait until they file their annual federal taxes to claim the credit."

"...EV buyers...Overwhelmingly preferred a point-of-sale rebate to a tax credit...With the EV tax credit, Treasury said it expects to refund dealers within 72 hours if sale."

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Why Tesla Isn't Unionized

12 Oct 2023 | Synopsis

United Auto Workers hopes a successful strike against Ford, General Motors and Stellantis could help it organize at Tesla...Tesla is the biggest threat in the long term to UAW wages and benefits. UAW doesn’t have any choice but to take on [Tesla]...Tesla's aggressive tactics; and Tesla's strategy of granting factory workers stock options...The company has taken a forceful anti-union position."

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Electric Cars Are Stalling A Cultural Revolution

11 Oct 2023 | Synopsis

"We don't need electric cars to mitigate the effects of rising global temperatures...The transition to EVs will not be quick enough or impactful enough to avoid the worst consequences of climate change, which is why a cultural change is necessary. Americans should use other modes of transportation, such as biking, walking or taking the subway, bus or train

"What the United States needs are policies that encourage a shift away from the use of automobiles and towards other, more efficient forms of transport."

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London Will Be The World's First Car-Free City, According To A New Survey

11 Oct 2023 | Synopsis

"According to a poll of 2,000 Brits, they think the Big Smoke could be totally vehicle-less by 2050...a national survey conducted by bike subscription company Swapfiets, over half of Brits polled said that London would be the first city in the world to go car-free within the next 27 years, with bikes and e-bikes becoming our main means of transport...if e-bikes were to replace all 2.6 million registered cars in the capital, 1.5 million tonnes of CO2 could be avoided each year..."

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New Study Delves Into The Motivations Behind Climate Action In The United States

11 Oct 2023 | Synopsis

"The study, 'Climate action in the United States'...suggest that a growing number of people in the United States are actively engaging in climate-friendly behaviors, driven by their sense of responsibility and concern for the environment.

"Motivations for taking climate action varied among respondents...The findings from our study are hopeful in that they indicate people are already concerned about and taking action.."

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Insurance Costs Could Cripple European Electric Car Sales

11 Oct 2023 | Synopsis

"European electric car sales growth will be hit by zooming insurance costs and expiring subsidies...According to moneyexpert.com, electric car insurance is more expensive because of pricey parts that aren’t readily available...British media is awash with horror stories about the latest insurance premiums...This isn't just a European problem. Thatcham is liaising with partners across the world, including the U.S."

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Meet The Kenyan Man Turning Plastic Waste Into Car Fuel

11 Oct 2023 | Synopsis

"Using pyrolysis...a process that heats plastic in an oxygen-deprived environment – Muritu transforms plastics back into an oil or hydrocarbon liquid. An exciting by-product, biochar, fuels the furnaces.

"Muritu's company currently churns out 1,000 liters of fuel every couple of days. Impressively, 80% of the plastic waste input is converted into fuel

"...a whopping 400 million tonnes of waste is produced annually, of which a mere 9% gets recycled..."

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NIO Completes 30 Million Global Battery Swaps, Further Proving The Process's Viability

10 Oct 2023 | Synopsis

"Battery swaps were by no means invented by NIO, but the Chinese automaker has been the most prominent passenger vehicle developer in embracing the technology...To date, NIO has over 1,900 swap stations operating in China and Europe, offering a unique alternative to BEVs being sold by its competitors...it took NIO four years to reach 10 million swaps, then a mere nine months to double that figure."

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EVs Are 'Simply Better' For Environment, Even In Fossil Fuel Dominated Grids

10 Oct 2023 | Synopsis

"A new analysis by independent energy research firm Rystad Energy has concluded that battery-powered electric vehicles are “simply better for the environment” than diesel or gasoline car..."

"...base case scenario for power generation in China over the next 20 years, Rystad Energy finds that the lifecycle emissions of a BEV are about 39 tonnes of CO2e, compared to almost 85 tonnes for an ICE vehicle."

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Electric Vehicle Battery Degradation And Impact On Residual Values Assessed In Whitepaper

10 Oct 2023 | Synopsis

"'Electric Vehicle Battery Health: What the Remarketing Sector Needs to Know', covers topics including how quickly EV batteries are likely to degrade, how their state of health can be measured before sale...whitepaper has been written by battery electrochemist Euan McTurk

"[O]ldest Leafs from 2011-2013 ...are still typically fetching around £4,500-£5,000 on Auto Trader, around double the price of an equivalent petrol or diesel Ford Focus."

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Tesla Prices Fall Below Average US Car Costs, Model 3 On Par With Toyota Corolla

10 Oct 2023 | Synopsis

"The Tesla Model 3 and Model Y, the brand's highest-selling electric cars globally, cost less than the average transaction price for a car in the US...factoring in the $7,500 federal tax credit, along with an additional $2,000 New York State credit, the Model 3 would probably cost around $26,490, before taxes and fees.

"...the Corolla's ownership cost over three years would be roughly $26,850."

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Frauscher X Porsche Electric Boat Packs Macan EV Power

10 Oct 2023 | Synopsis

"Austria's Frauscher unveiled the Frauscher x Porsche 850 Fantom Air [featuring] an electric motor borrowed from the upcoming Porsche Macan EV...Sport Plus mode that delivers the boat's maximum speed of 46 knots, or roughly 53 mph...operate for a bit more than an hour, or enough to cover a distance of approximately 28 miles...800-volt technology from Porsche...battery can be charged at rates of up to 250 kw using a DC fast charger.

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