Fiat Chrysler (FCA) has reached a deal with Tesla to count the California carmaker’s EVs as part of the FCA fleet in order to avoid paying fines for violating new European Union emissions rules. The Financial Times reported that the deal is worth “hundreds of millions of euros.” More stringent emissions standards will take effect… Read more »
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Tesla Q1 deliveries disappoint, stock stumbles
Just as the Tesla story has always elicited comments from both well-informed and uninformed writers, TSLA stock attracts investors of wildly varying levels of sophistication – or, to put it colorfully, “smart money” and “dumb money.” While the dumb money periodically causes large temporary tumbles in the stock price, triggered by Elon Musk pretending to… Read more »
China slashes EV subsidies, electric automaker shares fall
China has announced substantial cuts to existing subsidies for EV purchases. The subsidy for pure EVs with ranges of 400 kilometers (250 miles) and above will be halved, to 25,000 yuan ($3,700) per vehicle, the Chinese Ministry of Finance said (via Bloomberg). The minimum range to qualify for any subsidy will also be raised from… Read more »
Dozens of new EVs on display at Geneva auto show
The Geneva International Motor Show may have lost some of its former glamor – several major brands are not attending this year – but it remains a good place to get a feel for the state of the European auto industry. And the Europeans are talking electrification – the New York Times caught the electric… Read more »
Energy Impact Partners invests $5.7 million in EV fleet telematics company ViriCiti
Energy investment firm Energy Impact Partners has invested $5.7 million in ViriCiti, developer of a telematics platform for monitoring and managing electric bus and truck fleets. “Mid- and heavy-duty vehicles present an enormous near-term opportunity for electrification, but fleet operators need the tools to leverage the unique characteristics of battery-powered vehicles,” said Shayle Kann, EIP’s… Read more »
ELANTAS increases electric motor longevity with nanoparticle-infused insulation
Protecting against dielectric fatigue Like the engines in conventional vehicles, the electric motors in EVs are designed for longevity, but every device will wear out eventually. While motors have many fewer moving parts than ICEs, they are under considerable electrical and mechanical stress. A properly designed electric motor should have a useful life that far… Read more »
Wirtz Manufacturing invests in NiZn battery maker ZAF Energy Systems
Detroit-based Wirtz Manufacturing, which provides equipment design and technology for the lead-acid battery market, has invested in nickel-zinc (NiZn) battery maker ZAF Energy Systems. ZAF plans to use the investment to expand manufacturing capacity at its Joplin, Missouri facility from hundreds of batteries a month to thousands. The battery maker hopes the investment in a… Read more »
Hubject and Greenlots to deploy Plug&Charge, enabling charging sans card or app
Greenlots, a provider charging and energy management software and solutions that was recently acquired by Shell, has partnered with charging interoperability expert Hubject to deploy ISO 15118 Plug&Charge technology in North America. Customers with new Plug&Charge-enabled vehicles will no longer need an app or card to pay for charging. With Hubject’s Plug&Charge ecosystem and public… Read more »
Republican senators introduce new bill to end EV tax credit and impose new annual EV tax
Belying their party’s professed anti-tax leanings, Republican senators have introduced a bill to kill the federal tax credit for EV purchases, and impose a new annual tax on EV owners. Senators John Barrasso (R-Wyoming), Pat Roberts (R-Kansas) and Mike Enzi (R-Wyoming), have introduced a second bill to kill the tax credit (Senator Barrasso introduced a… Read more »
Québec invests in AddEnergie to pursue EV charging growth in US market
AddEnergie, a Canadian provider of EV charging equipment, recently received an investment from the Government of Québec and institutional investor Caisse de dépôt et placement du Québec (CDPQ). The two parties also jointly invested in AddEnergie in 2016. The new investment will help AddEnergie double production at its plant in Shawinigan, Québec and pursue growth… Read more »