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New Registrations For Electric Vehicles Doubled In US Last Year (techcrunch.com)
An anonymous reader quotes a report from TechCrunch: Electric vehicles, still a small percentage of the total automotive market in the U.S., are beginning to gain ground, according to analysis by IHS Markit. There were 208,000 new registrations for electric vehicles in the U.S. last year, more than double the number filed in 2017, IHS said Monday. That growth in EVs was heavily concentrated in California as well as nine other states that have adopted the Zero Emission Vehicle program. California was the first to launch the ZEV program a state regulation that requires automakers to sell electric cars and trucks there. Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island and Vermont are also ZEV states.
California accounted for nearly 46 percent, or 95,000, of new EV registrations in 2018, IHS said. California has 59 percent of market share of registered electric vehicles in the U.S. More than 350,000 new EVs will be sold in the US in 2020. Those figures will give EVs a still tiny 2 percent share of the total U.S. fleet. By 2025, that figure is expected to rise to more than1.1 million vehicles sold or a 7 percent share, according to recent IHS Markit. The Tesla's Model 3 is the top selling all-electric in the U.S. so far this year, followed by the Chevy Bolt, Tesla Model X, Tesla Model S and the Nissan Leaf, according to estimates by Inside EVs.
California accounted for nearly 46 percent, or 95,000, of new EV registrations in 2018, IHS said. California has 59 percent of market share of registered electric vehicles in the U.S. More than 350,000 new EVs will be sold in the US in 2020. Those figures will give EVs a still tiny 2 percent share of the total U.S. fleet. By 2025, that figure is expected to rise to more than1.1 million vehicles sold or a 7 percent share, according to recent IHS Markit. The Tesla's Model 3 is the top selling all-electric in the U.S. so far this year, followed by the Chevy Bolt, Tesla Model X, Tesla Model S and the Nissan Leaf, according to estimates by Inside EVs.
She said it can get her from Seattle to Victoria BC on 3/4 charge.
Only old people use fossil fuel vehicles anymore.
-- Tigger warning: This post may contain tiggers! --
Gas prices have really been rising fast on the West coast, especially in California. That will drive lots of EV sales.
https://thinkprogress.org/elec...
Plummeting battery prices to make electric cars cheaper than gas cars in 3 years
A Bloomberg bombshell.
Achieving parity for upfront, initial cost means that the buying decision for electric vehicles (EVs) is about to become a no-brainer.
That’s because EVs are already superior to gasoline cars in many key respects: they have faster acceleration, much lower maintenance costs, zero tail-pipe emissions, and a much lower per-mile fueling cost than petrol cars, even when running on carbon-free fuel.
I don't read your sig. Why are you reading mine?
There were 208,000 new registrations for electric vehicles in the U.S. last year
That's less than a quarter of the number of F150s Ford sells in a year.
https://www.forbes.com/sites/j...
is a very small number.
The world needs a low cost, affordable electric subcompact with range.
Domestic spying is now "Benign Information Gathering"
We have a leaf, so max range ~ 100mi. I keep it charged to = 40% unless we are going out of town, gets us all around town and back. Lower cost per mile, lower total cost of ownership (saving a ton in maintenance). Can rent a car for long journeys but the charging infrastructure is kicking in so haven't done it yet (but plan to). Some cars in some places have had negative depreciation (worth more if you sell it in 12 months). I doubt I'd get that lucky, and I doubt it will hold.
Oh yeah, and the beautiful quiet, and crazy acceleration.
as this trend of electric vehicle purchases indicates a future higher usage of these fuels. If everyone buys an electric vehicle we'll need to use every bit of coal also. Energy has to come from somewhere and demand will dictate using the fuels available. Fossils fuels will be used whether it is on the highway or in the power plant. Even amazing lithium batteries won't change that unless we return to nuclear based power.
Faith: Belief in Truth. Superstition: Belief in Falsehood.
BEV have several million outlets that cam charge it. Any electric dryer outlet is level 2!
Leaving home everyday with a full tank, priceless !!
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
Interesting how of the top 5 sellers Telsa's products take #1, #3, and #4 spots. Maybe we will now enjoy fewer postings now about how delusional and corrupt Elon Musk is and how he will go bankrupt before he delivers.
Then again, maybe not.
What kind of microscope do you use to see your penis? Even my 1 motor Tesla 3 is faster than every other ICE car Iâ(TM)ve owned, including a V8 mustang. And the power instantaneous. Always. No downshifting. No turbo lag. Immediate. Itâ(TM)s fucking awesome.
It's required by regulation. California has a ZEV mandate. California's Air Resources Board (CARB - they set California's air quality standards) requires each automaker to sell a certain percentage of ZEVs (zero emissions vehicles) and PZEVs (partial zero emissions vehicles - i.e. hybrids). The program began in 2009, and each year the percentage increases. The formula combining these two is a bit complex, but for 2018 the requirement was 4.5% combined ZEVs, and 2.5% total ZEVs (battery EVs and hydrogen fuel cell vehicles). By 2025 it will be 22% combined ZEVs, with 8% total ZEVs.
If an automaker fails to meet this percentage, they must buy credits from an automaker who exceeded it. This is why Musk started Tesla - he realized that with the ZEV mandate, even if he lost money on each EV he sold, he could remain profitable by selling the ZEV credits to other automakers. I also suspect this is why Tesla has been so slow to ramp up Model 3 production. It is beneficial to Tesla to try to delay those sales until later years when the ZEV mandate percentage is higher, and there is more demand for the ZEV credits. Right now most of the automakers are managing to hit the requisite percentage on their own (of the major brands, only Honda and Toyota missed the target last year, and had to buy credits).
If an automaker fails to buy enough credits to meet the required percentage, they are banned from selling cars in California. And since about a dozen states representing about a third of the U.S. population automatically adopts CARB's guidelines, the automaker would be banned from selling cars in those states as well. No automaker wants to be cut off from a third of the U.S. market. So they're all busy rolling out EVs to comply with CARB's ZEV mandate. Towards the end of the year, if it looks like they won't sell enough EVs, they start slashing the prices, even selling/leasing them at a loss to try to meet the percentage. This is why all the great EV deals were only in California - only EVs sold/leased in California counted towards the mandate (that is changing - starting this year EVs sold in other states will count as well).
I'm not saying there isn't demand for EVs - there almost certainly is. But the growth in EV sales is not an indicator of organic market demand. The growth is mandated by regulation, so it's the tail wagging the dog. In a free market manufacturers sell the vehicles at a modest profit, and the price determining demand. But the current situation with EVs is that the manufacturers drop the price (even selling EVs at a loss) until there's enough demand to meet the ZEV mandate percentage for the year.
" I can buy a beater gas powered car for under $5K. Why would I want to dump $50K for an electric." - is that comparing prices of buying a used car to a new one? Might be better to compare to a used EV which will be closer.
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
"The worst case is that the crumbling electrically infrastructure in the US (and I would guess in many other countries) can not support having a huge fleet of EV to charge every day." most people charge overnight when there is less call on the infrastructure.
"You always have time to recharge over night? And when you dont you can always just easily get a rental vehicle? On a Sunday? Or in the middle of the night during an emergency?" what happens when you run out of gas on the road as people do? You don't run EVs until they are almost flat like ICE cars, you charge when you park up if its possible so you are running with pretty much a full tank a lot of the time
"percentage of people commute XYZ miles a day" yes, 95% of journeys are short, studies back this up.
"Remember Tesla has been at this for that long and barely sold any vehicles compared to the big boys." in relative terms its a very very short time compared to the big boys plus the fact they are pioneering a new way of doing things. How long did it take the big boys take to become big boys?
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
A bigger factor. Why my mate in California bought an EV. Beat the traffic.
That is worth more than money.
It is hard to believe its the tech or even the "green-ness" of it though there are people who believe it is.
How popular would EVs be if it were not for tax breaks and free electricity?