After one year of ownership we would expect EV residual values to be above the segment average expressed in terms of pound values. But, if the battery is owned rather than leased, and lacks the appropriate extended warranty, the value of the typical EV will then fall dramatically until the vehicle is five years old, at which point the car will have a trade value little more than 10 per cent of the list price
So says Andy Carroll, managing director of the British car-buying bible, Glass’s Guide. He tells BusinessCar that Nissan and other firms launching EVs in Britain should take out the battery cost and lease it to customers with minimum monthly performance clauses. This, he says, would dispel concerns, drive sales, and transform the resale picture. It’s also what Project Better Place is doing, albeit in a complete regional package with battery-swap stations and charging infrastructure.
We won’t be nationwide by end of 2011. By that time we expect to be shipping vehicles to Canada, Europe and several markets beyond those we’ve already announced.
[The nationwide launch date is] all still work in progress and will clearly be dependent on the ability of the production facility to ramp up as planned and all those kind of things. I’m not in a position to tell you by X-date we will be nationwide. I will tell you we’re heading towards national distribution and theres no question about it
Volt Communications Manager Rob Peterson (first quote) and GM Director of Volt Marketing Tony DiSalle (second quote) tell gm-volt.com that the previous 2011 date for the nationwide rollout of the Chevy Volt isn’t going to happen. Meanwhile, if you’re in California, Michigan or Washington DC, your Volt should arrive by 2011. Be sure to tip your congressional representatives, folks! Luckily, though, this video proves that the Volt will be more than up to the challenge of eating the Nissan Leaf’s dust.
While GM has problems trying to get the Volt price point to a point where customers won’t suffer a coronary (even with help from the DC sugar daddies), Nissan has a few problems of their own. Nissan is still reeling from the news that a Nissan Leaf would save you the princely sum of $361. Now, Automotive News [sub] reports another black eye on Nissan’s “Prius Killer”. Automotive News says that Nissan’s “100 miles range” may be slightly off in real world conditions. How far off? Read More >
Oh, one other thing, I think its maybe helpful to say what has been my track record in value creation – these are four of the companies Ive been associated with – its worth noting that every financing round in every company has been an up round, doesn’t matter if the market has gone up or the market has gone down, the squiggly line is the market, and the valuations are as you can see somewhat market independent, and I expect that to be the same for Tesla, or to continue to be the same with Tesla
Tesla CEO Elon Musk, in his IPO presentation [via Darryl Siry]. This, apparently, is the answer to the question how does a company that’s sold just over 1,000 cars think it’s going to become an industry player?
Possibly not, says the National Federation For the Blind. According to the NYT the group is
disappointed that the [Nissan Leaf’s] driver is permitted to turn off the sound because it in effect, allows drivers to deactivate this important safety feature and thereby endanger pedestrians, especially those who are blind.
Interestingly, Tesla’s IPO presentation opens with a customer describing the contrast between Corvettes “making all that noise” and Teslas which allow the driver to “hear the birds and the ocean.” With the Motor Vehicle Safety Act likely to mandate NHTSA rules on EV safety noises, expect that marketing angle to go the way of the PeaPod…
People really viewed the Peapod as an incredible case study in how you could – in modern times – bring forward a completely new idea in the automotive sector in the space of just several months. It was pretty phenomenal
Remember the PeaPod? It was “the new wave car for the younger set” masterminded by former Chrysler “Chief Innovation Officer” Peter Arnell, during the chaotic “try anything” years of Cerberus ownership. It was supposed to start going on sale last October, but the division (formerly known as GEM) was spun out of new Chrysler during bankruptcy and hasn’t been heard from since. Surprised?
Tesla, a firm that its CEO Elon Musk describes as a “technology velociraptor,” has unveiled these first hints at future applications of its Model S sedan platform [via Darryl Siry, Full presentation here]. Far be it from us to call Tesla a dinosaur, but if the sedan costs $50k base, who’s going to buy a commercial van based on the same chassis and technology? Tesla had a chance as long as it remained the Ferrari of the Silicon Valley, but these designs hint at a deep lack of focus behind the scenes.
Japan’s boutique car builder Mitsuoka may be more known for the retro-classic cars depicted above – if Mitsuoka is known at all beyond the realm of Nippon. Now, the folks at Toyama’s most famous car manufacturer can’t help themselves any longer, and must join Japan’s current fad … Read More >
Whither the electrified market? According to this slide from a recent Johnson Controls analyst presentation [full PDF here], 2m global units by 2015 seems to be one of the models the industry is working on. And compared to other 2015 estimates, like Pike Research’s 3.1m worldwide number, it’s a fairly conservative approach. Still, there’s a long road ahead for plug-in and even hybrid vehicles. Toyota’s Prius, by far the best selling hybrid nameplate in America, sold about 152k units in the last 12 months. All hybrid nameplates sold 27,800 units last month [per Edmunds], for an annualized rate (non-SAAR) of about 333,600 or about half of the estimated 2015 market. Why that’s a problem, after the jump…
Now here is the perfect place for electric vehicles: Hong Kong. Range anxiety? Not here. Hong Kong is a city where no trip is more than 20 miles or so one way. Driving into the hinterlands is blocked by a border and by the necessity for secondary mainland Chinese license plates. Registration taxes on cars are high, they vary from 35% to over 100%, based on the size and value of the car. Gasoline prices are high, about half of the price is tax. Fertile grounds for EVs. Read More >
The AP [via Google] reports that Tesla has revised its IPO offering to $14 to $16 per share, for a total capital raising of up to $185m. The WSJ [sub] estimates the IPO’s take at $178m. Previously Tesla had valued its offering at $100m. This revision is not inconsequential: the offering is now valued higher than Tesla’s cumulative revenue since 2003, which now stands at $147.6m. The company has lost nearly $300m since 2003, and will continue to lose money until the Model S sedan starts selling. Especially with $100m-$125m in capital expenditures planned for this year. GM’ it seems, won’t be the only auto firm sweating an IPO this year.
Japan appears to be serious about EVs. Evidence: Japan’s increased focus on chargers. The hard part of EVs is not to build them. The tough issue is where to charge them. And how quickly. Whether you live in Manhattan or Tokyo: As a city dweller, you hardly can put a charging station on the street or into the underground parking garage. The average suburbanite in Tokyo already has a hard time just finding a parking space (proof required if you want to buy a car). A charging station? What charging station? So the Japanese are busy building them. No wonder: 67 percent of the Japanese live in cities. (In the U.S.A. it’s even more: 82 percent.) Who’s leading the charge for chargers? Read More >
So, Nissan has released video of its production Leaf making “forward” (above) and “backward” noises, but it seems that there may still be some details to work out. For one thing, the Leaf’s official battery range stretches from 138 miles to 47 miles, according to gm-volt.com. Your mileage may vary, etcetera. But wait, there’s more! One blogger recently tried to insure a Leaf… actually, he tried to get an insurance quote for a Leaf. Can you tell where this is going? Read More >
Wired hit the proverbial nail on the proverbial head when it titled its recent review of the pure plug-in Smart ForTwo Electric Drive “Smart EV Would Be Smarter if It Were Cheaper.”
Well, it’s not. As a matter of fact, it’s insanely expensive. Read More >
When Toyota announced their share purchase / NUMMI deal with Tesla, the greenies rejoiced, the skeptics said it’s just an elegant way to unload NUMMI. Toyota said they are mildly interested in Tesla, in a venture capital kind of way. As in: here is some money and a factory we no longer need. Would be great if something comes of it. Well, they will actually build a car together. Not the Model S as many thought. Let’s not get ahead of ourselves. Let’s build a prototype first. Read More >
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