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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...
Re "poor people to get to their job and back" and "$50k" AC?
Really? People are living in RV, tents and are demanding rent control in the USA AC.
They need a quality used car under $10K AC.
Living pay to pay. With some savings to cover a new $50k family-sized electric SUV?
The world needs many different types of car AC. Not just new $50k cars AC.
Domestic spying is now "Benign Information Gathering"
So in the worst case scenario that 100% of the power to charge EVs comes from fossil fuels, thereâ(TM)s still the advantage that youâ(TM)re not releasing harmful emissions right next to where people can breathe them in.
In reality thereâ(TM)s a mix of energy sources with a good deal coming from wind and solar.
For instance, as we type the UK is currently running on 25% renewable energy (and thatâ(TM)s at night!) with 0% from coal.
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.
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.
https://plugmeinproject.com/
This guy drove from Amsterdam to Perth (89000km), not directly mind you, he went via the northernmost tip of Norway showing that your car literally can run in nearly every environment, including environments like the middle east where absolutely *zero* superchargers are available.
A bigger factor. Why my mate in California bought an EV. Beat the traffic.
That is worth more than money.