Domain: edmunds.com
Stories and comments across the archive that link to edmunds.com.
Stories · 4
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Cheap Gas Fuels Switch From Electric Cars To SUVs
schwit1 points out news that's sure to clash with Earth Day narratives: drivers who bought hybrid and electric cars are switching back to SUVs at a higher rate than ever. Quoting: According to Edmunds.com, about 22 percent of people who have traded in their hybrids and EVs in 2015 bought a new SUV. The number represents a sharp increase from 18.8 percent last year, and it is nearly double the rate of 11.9 percent just three years ago. Overall, only 45 percent of this year's hybrid and EV trade-ins have gone toward the purchase of another alternative fuel vehicle, down from just over 60 percent in 2012. Never before have loyalty rates for alt-fuel vehicles fallen below 50 percent. ... Edmunds calculates that at the peak average national gas price of $4.67/gallon in October 2012, it would take five years to break even on the $3,770 price difference between a Toyota Camry LE Hybrid ($28,230) and a Toyota Camry LE ($24,460). At today's national average gas price of $2.27/gallon, it would take twice as much time (10.5 years) to close the same gap. -
$1M Prize For Finding Cause of Unintended Acceleration
phantomfive writes "Edmunds Auto has announced that it will be offering a $1 million prize to anyone who can find the cause of unintended acceleration. As Wikipedia notes, this is a problem that has plagued not only Toyota, but also Audi and other manufacturers. Consumer Reports has some suggestions all automakers can implement to solve this problem, including requiring brakes to be strong enough to stop the car even when the accelerator is floored." -
Should Taxpayers Back Cars Only the Rich Can Afford?
theodp writes "The NY Times questions the $400M in low-interest federal loans requested by Tesla Motors as part of the $25B loan package for the auto industry passed by Congress last year. 'The program is intended to encourage automakers to improve fuel efficiency, but should it be used for a purpose like this, as the 2008 Bailout of Very, Very High-Net-Worth Individuals Who Invested in Tesla Motors Act?' Tesla says it is assembling about 15 cars a week and has delivered about 80 of its $109,000 base-price Roadsters to date, many of which have gone to the Valley's billionaires and centimillionaires who are Tesla investors as well as early customers. We discussed the company's financial difficulties last month." -
Redesigned, Bulkier Honda Insight to Challenge Prius
In what probably amounts to good news for consumers eyeing a hybrid for their next vehicle purchase, Honda is resurrecting the "Insight" name, this time in the form of a five-seat, Prius-like hatchback. The automaker's announcement included the tantalizing statement that the cost would be "significantly below [that of] hybrids available today," but provided no further details on pricing. Although Honda may have some trouble unseating Toyota's dominance of this particular hybrid market, hopefully the Insight's reintroduction will help to make hybrid cars even more affordable to consumers. This is also welcome news to folks like myself who, after the initial flurry of excitement when the now-retired original Insight was introduced in '99, were left scratching their heads at Honda's hybrid strategy as Toyota picked up their dropped ball and ran with it.