Tesla has announced plans to acquire Grohmann Engineering, a German company that the California carmaker called “one of the world leaders in highly automated methods of manufacturing.” Grohmann currently has around 700 employees, and had revenues of 123 million euros ($136 million) in 2015. It has developed battery production lines for several automakers. The company… Read more »
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California Clean Vehicle Rebate Project reformed to benefit lower-income consumers
Considering the high prices of most EVs, policymakers are keen to find ways to help lower-income consumers afford them. To this end, California’s Clean Vehicle Rebate Project (CVRP), which has issued over $335 million in rebates for more than 157,300 vehicles since 2010, has revised its eligibility rules. For lower-income consumers, CVRP rebates are increasing… Read more »
Chevrolet Bolt EV will be priced as promised, starts at $37,495
GM has announced pricing for the historic Chevrolet Bolt EV, and the company has kept its promise to deliver a 200-mile EV for under $30k (with the $7,500 federal tax credit). MSRP for the base LT trim level will be $37,495, including destination charge. The Premier model, which includes heated “leather-appointed” seats, surround camera and… Read more »
Sierra Club multi-state study of the EV shopping experience finds room for improvement
There are over 30 plug-in vehicles available in the US from a variety of automakers, and in most parts of the country, infrastructure is quickly proliferating. A recent Union of Concerned Scientists and Consumers Union survey found that 55 percent of drivers in Northeastern states and 65 percent in California are interested in EVs. So… Read more »
GM/Lyft Express Drive rental program expands to California, adds EVs
GM and Lyft plan to expand their Express Drive short-term vehicle access program to California and Colorado. California members will have access to the Volt, and the upcoming Bolt when it becomes available later this year. GM invested $500 million in Lyft in January. Express Drive, which began earlier this year in select cities including… Read more »
May plug-in sales flat: Tesla, Chevy, Ford on top
US plug-in sales slowed a tad in May, ending a six-month streak of consecutive monthly records. 11,423 EVs and PHEVs changed hands, just short of the 11,540 that moved in May 2015. The Chevy Volt held onto its lead for the month, as sales of 1,901 units bested the May 2015 figure of 1,618. The… Read more »
Tesla reportedly approaches LG, Samsung and SK for Model 3 batteries
Japanese giant Panasonic is currently Tesla’s exclusive battery partner, but as its battery needs balloon along with demand for the upcoming Model 3, it’s only logical that the California company should keep its options open with other suppliers. The Korea Times reported that Tesla has approached LG Chem, Samsung SDI and SK Innovation. Tesla executives… Read more »
Tesla bulking up on workers and real estate as production gets ready to rocket
The Model 3 launch, which Tesla calls “the biggest consumer product launch ever,” is to be followed by what must be the biggest and fastest production ramp-up ever (those of little faith might prefer such adjectives as “quixotic” or “impossible”), Tangible evidence of this massive mobilization is beginning to appear. Tesla recently leased a million… Read more »
Even Bernie Sanders might approve of Elon Musk’s compensation plan
As Tesla promotes a more sustainable transportation system, it hopes to demonstrate a more egalitarian pay policy, at least for its CEO. While overpaid and underperforming executives are drawing the ire of the public (and one presidential candidate), Elon Musk has a compensation plan that’s not only good for him, but also for the company’s… Read more »
Ford may be working on a 200-mile EV after all
Are they or aren’t they? After months of refusing to comment on whether Ford is working on a 200-mile EV to challenge competitors GM, Tesla and Nissan, Kevin Layden, Ford’s Director of Electrification Programs and Engineering, seemed to dash our hopes when he said that the 2017 Focus Electric’s 100-mile range should be plenty for… Read more »
