Yet another hopeful maker of electric vehicles called it quits in Indiana. Bright Automotive of Anderson, Ind., announced this week that it will wind down operations after withdrawing an application for a DOE loan. This is the latest in a series of EV companies that went belly-up in Indiana, where Gov. Mitch Daniels had vowed in January 2010 to make the state “the electric vehicle state.” The Chicago Tribune lists the failed companies: (Read More…)
Last May, the Nissan Leaf was the hottest thing on the green radar. Limited production and a long waiting list for the press meant that Nissan was lending out Leafs (Nissan tells us that is the correct way to pluralize a Leaf) 62-hours at a time. With my long commute and lengthy 120V charging times, this meant a review with only 217 miles under our belt (read our three-part review here: 1 2 3). Now that a few thousand Leafs have found homes in Northern California and I had practiced my “range anxiety” breathing techniques, I was eager to see if the ultimate green ride was also a decent car beyond the batteries.
Chrysler alerted the Securities and Exchange Commission that they’d be withdrawing their request for as much as $3.5 billion in loans. The money was to be used for the development of unspecified “green” vehicles.
Do you live in the Boston, Hartford, New York, Los Angeles, Sacramento, San Diego, or San Francisco MSA (Metropolitan Statistical Area)? Do you see yourself as an adventurer and explorer? In that case, BMW wants to talk to you. BMW has pegged adventurers and explorers as “front-runners of innovation and advocates for sustainability.” These are the people BMW wants to “recruit” for a “field trial” of its Active E electric vehicles.
It will be a transformative experience. You will be turned into a green lab rat. (Read More…)
The car industry has high hopes for the young. Automakers have invested and are investing billions into hybrid and electric vehicle, so far with lackluster success. In the U.S., the take rate of hybrid cars is actually coming down from a 2.78 percent peaklet in 2009. The 0.14 percent market share of EVs is too small to move the plotter’s needle. To recoup the investment, new tech vehicles have to be sold in more meaningful numbers. It is the generation Y that is supposed to set the needle in motion. A study of Deloitte Touche Tohmatsu promises that Generation Y will make a humongous difference.
Generation Y could be the “generation that leads us away from traditional gasoline-powered vehicles,” Craig Giffi, who is in charge of Deloitte’s annual survey of Gen Y auto consumers, told the L.A. Times. The paper summarizes: (Read More…)
NHTSA has closed their investigation into the Chevrolet Volt’s fire risk, stating that the agency “does not believe that Chevy Volts or other electric vehicles pose a greater risk of fire than gasoline-powered vehicles.”
After spending thirty years and $45 billion dollars encouraging the use of ethanol the United States Congress has adjourned for the year without extending tax subsidies to the to ethanol industry. The subsidy currently costs taxpayers $6 billion a year. A related import tariff on Brazilian ethanol was also allowed to expire. With a wide group of critics, cutting across political and ideological lines, the tax break had become unpopular in Washington. Business interests in the food and cattle industry as well as environmentalists opposed the law which paid 45 cents per gallon to fuel blenders to subsidize their costs for producing E10 gasoline/ethanol blend. The subsidy resulting in corn being diverted from feedlots and food processors to ethanol production, raising the cost of many foodstuffs. The environmental movement now opposes corn ethanol as a fuel it because it considers the fuel and its production to be “dirty”, in the words of Friends of the Earth.
This is both an interesting and a strange article the The Nikkei [sub] has on GM. First, the interesting part. (Read More…)
Kevin writes:
Sajeev and Steve:
Q1. Do you like it?
A1. Unequivocally! It’s amazing.
Q2. Are you going to buy it out or extend the lease?
A2. Absof@!%inglutely not.
Q3. Why not – you just said you loved it?!
A3. True, but it’s a constant reminder of the adages (i) never buy a first year vehicle (ii) never lease a car out of warranty and (iii) someone, somewhere, is tired of her sh!t. Well, maybe just the first two.
It’s been a few years since we last detected much of a pulse from Honda [Ed: in fact, Paul Niedermeyer declared Hyundai the “new Honda” in terms of engine technology leadership way back in 2009]. But just when we were wondering if all hope was lost, and that it might be time to pull the plug…signs of life. In Japan, for the Tokyo auto show, Honda has unveiled ambitious new powertrain plans [via Automotive News [sub]].
With NHTSA opening a formal defect investigation into the Chevy Volt, GM is moving to defend its rolling lightning rod (no pun intended) and allay consumer fears about its safety. Yesterday I briefly appeared on Fox Business’s Your World With Neil Cavuto show to talk about what the intro to my segment referred to as “the hybrid from hell” and the “killer in your garage.” I tried to explain that the danger to consumers was basically nil, and that the real concern is for rescue, towing and salvage workers. And I would have explained why NHTSA’s tests still leave some serious questions open, but my “fair and balanced” approach meant that my segment ended up being extremely short. So let’s take the opportunity now to look past the hysteria and pinpoint the real issues with NHTSA’s investigation into the Volt.
Everyone knows TTAC hearts data, so this little NPR/Edmunds collaboration, which maps hybrid and EV sales by locality, is right up our HOV lane.
Last Monday, we regaled you out with stories of Toyota coming to grips with the “new peak oil,” and other topics related to the growing gap (or lack thereof?) between global production and consumption oil. This week I’m feeling a little less apocalyptic, and little bit more indulgent. And really, why not celebrate those precious hydrocarbons while they’re still cheap and plentiful? This Mercedes SLS AMG Black Series may burn ’em by the bushel, but it sure sounds good doing it. And though cars like the forthcoming 650 HP Shelby Mustang GT500 prove that performance is still alive in the 21st Century, high-revving, large-displacement, naturally-aspirated V8s like the AMG Black’s are going to be facing special challenges under future emissions standards. Which makes its gargling, chortling music all the sweeter to my ears…
Between the tsunamis, floods, and poorly-received Civic, Honda has had a rough 2011. But the brand is hoping to put all that behind it by emphasizing its environmentally-friendly product portfolio, announcing a Fit EV which will be made available in California, Oregon and six east coast markets next summer. Unlike Nissan, however, Honda isn’t actually selling the electric commuter cars, but is offering them at a $399/month lease rate. And no wonder: Honda only expects 1,000 of these Fit EVs to find homes over the next three years, probably due at least in part to its north-of-$36k price point. Which may be why the natural gas-powered Civic GX just won the Green Car Of The Year award for Honda. It may not be as radical or purely “green” as a pure EV, but it can sell in volume… in fact, Wards Auto [sub] just reported that Honda is bumping production of the CNG Civic in order to catch up with demand. At a time when Honda is desperate for some good news (and nobody is losing their mind over the new CR-V), a little publicity for one of Honda’s most unique and under-marketed vehicles probably feels like manna from heaven…
Over the last few days we’ve been discussing the implications of the growing gap between global oil demand and production, looking at the responses of a global automaker, a radical startup and the oil industry itself. And make no mistake, it’s an uncertain future out there… unless you’re selling cars in the US. In that case, your future just arrived, planned all the way through 2025. That is, if you think this proposed rule will survive four presidential elections and one industry-government “mid-term review.” Want to familiarize yourself with this pre-planned fuel economy future? All 893 pages await your perusal, in PDF format here. Or, hit the jump for a few broad strokes.
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