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Category Archives: electric vehicles
Acura 2024 ZDX Qualifies for $7500 EV Taxpayer Subsidy
Acura has released the power ratings for the 2024 ZDX all-electric SUV, and the high-performance ZDX Type S – the most powerful Acura ever. With a performance-tuned dual-motor AWD powertrain, ZDX Type S delivers a claimed 500 maximum horsepower and 544 lb.-ft. of maximum torque1 – more than the Acura NSX Type S supercar. ZDX A-Spec buyers can choose between a rear-wheel drive single-motor powertrain with 358 hp and 324 lb.-ft. of max torque or a more powerful dual-motor all-wheel drive configuration with 490 hp and 437 lb.-ft. of maximum torque. Continue reading
Honda Prologue SUV EV Gets $7500 Tax Subsidy
American Honda Motor said today that most all-new 2024 Honda Prologue models, the first all-electric Honda SUV, will qualify for the US $7500 EV tax credit. The federal tax credit applies to the purchase of all 2024 Prologues built after 25 February 2024. All 2024 Prologues will qualify when leased as do other EVs because of a quirk in the tax code. Prologue is arriving at Honda dealerships in the coming weeks, with a 296-mile EPA range rating. Prices before the credit range from ~$42,000 to $52,000. Continue reading
Posted in auto news, connected vehicles, electric vehicles, environment, fuel economy or emissions, global warming, marketing, mobility company, new vehicle, news analysis
Tagged 2024 Honda Prologue EV, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Honda Home Electrification, Ken Zino, Lance Woelfer, lithium ion batteries
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Chinese Junk Watch – EVERCROSS EV5 Hoverboard Fires
The U.S. Consumer Product Safety Commission (CPSC) today is warning consumers to immediately stop using EVERCROSS EV5 hoverboards because they pose a risk of fire to consumers. CPSC has received one report of a fire, resulting in substantial property damage to a residential building in New York City in May 2023.* They were sold online on Amazon.com, eBay.com, Likesporting.com, Lowes.com, Newegg.com, Ridefaboard.com and Walmart.com for between $180 and $300 from July 2021 to the present.
“EVERCROSS has not agreed to recall these hoverboards or offer a remedy to consumers,” CPSC said. In AutoInformed’s view, Chinese products remain a problem both in their design, manufacturing quality control and labor employment practices. Continue reading
Posted in blog, customer satisfaction, electric vehicles, electronics, manufacturing, news analysis, quality, recalls, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, cpsc, Ken Zino, lithium ion battery fires, U.S. Consumer Product Safety Commission
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Turning over Taxpayer Assisted LEAF EVs
Nissan said today that 2024 Nissan LEAF vehicles manufactured in 2024 and sold on or after 6 March may be eligible for part of the U.S. federal EV tax credit under the Inflation Reduction Act, provided that the customer meets all purchase and income qualifications for the EV tax credit. Nissan also provides a $3750 incentive to LEAF customers who lease any 2024 or 2023 LEAF. Potential buyers of course should consult with their tax advisor about any potential federal and state tax credit eligibility. The LEAF and its battery are assembled in Smyrna, Tennessee by non-union workers.
The latest LEAF was initially available to customers through 31 December 2023. Nissan said it has been able to re-certify that 2024 LEAF vehicles produced in the U.S. in 2024 meet the “battery component” requirements of the Inflation Reduction Act of 2022 (IRA) and may now qualify for up to a $3750 tax credit. The IRA has been criticized because it has no requirements for what creates in effect massively taxpayer subsidized companies without protecting their production workers. There are no market-based wage or benefit requirements, nothing that mandates company leaders to pay workers a wage to support themselves or their families. Continue reading
Nissan Cuts Ariya EV Starting Price to $41,340
Nissan USA said today that it is cutting the starting price of the 2024 Ariya EV now on sale with a starting Manufacturer’s Suggested Retail Price [1]* (MSRP) from $39,590 with “enhanced MSRP across all trim levels to appeal to a wider audience of EV buyers.” Ariya Engage, the entry point to the Ariya line-up, has been reduced by $3600 with other trim levels receiving a reduction of up to $6000.
“As the electric vehicle market continues to develop and grow, the revised pricing for the 2024 Ariya will improve the model’s competitiveness and ensure we are delivering maximum value to our customers,” said Trisha Jung, senior director, EV Strategy and Transformation, Nissan USA. Continue reading
Stellantis Posts 2023 Pro One Commercial Vehicle Results
“Our performance in 2023 reaffirms that Stellantis Pro One is a keystone of Stellantis business around the world,” said Xavier Peugeot, Stellantis Senior Vice President, Commercial Vehicles Business. “Propelled by the renewal of our entire van lineup and the widest offering of electrified propulsion, Stellantis Pro One is determined to be the most customer-focused product of choice. It is our customers who will drive us to our goal of market leadership by 2027.” Continue reading
Posted in connected vehicles, electric vehicles, environment, manufacturing, marketing, mobility company, news analysis, sales, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Stellantis N.V. NYSE: STLA, Stellantis Pro One commercial vehicle line, Xavier Peugeot
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Mannheim – Porsche Penske Motorsport Reveals Team Home
Porsche Penske Motorsport has a new team headquarters in Mannheim, Germany. It converts a former Porsche dealership into what’s said to be a state-of-the-art, high-tech facility for its world championship campaigns. While the factory team prepares the two Porsche 963 race cars for the North American IMSA WeatherTech SportsCar Championship at its base in Mooresville, North Carolina, work on the WEC endeavor is done at the new team headquarters in Mannheim, Germany. Mannheim of course is known as the place the bicycle was invented, but AutoInformed notes that this is more akin to the Mannheim rocket themes of classical music as sports car racing ushers in a new classical age.* Continue reading
January 2024 EU New Car Registrations Up 12%
In January 2024, the EU new car market rallied from the slowdown experienced in December 2023, with year-on-year car registrations increasing by 12.1% to 851,690 units. The trade bloc’s major markets all saw significant growth, with Germany (+19.1%), Italy(+10.6%), France (+9.2%), and Spain (+7.3%) posting either high single-digit or double-digit gains, according to ACEA.*
The EU diesel car market contracted by 4.9% in January. However new battery-electric car sales surged by 28.9% to 92,741 units, representing a total market share of 10.9%. The four largest markets in the region, together covering 66% of all battery electric car registrations, recorded double-digit gains: Belgium (+75.5%), the Netherlands (+72.2%), France (+36.8%), and Germany (+23.9%). Continue reading
Do Media Have the Electric Vehicle Market Collapse Wrong?
The European Passenger Vehicle (PV) Battery Electric Vehicle market EV market grew ~32% with positive growth in all months except December during 2023. This growth was better than many forecasters indicated at the start of last year (and better than in 2022), with some predicting no growth. BEV sales volume came in at just under 2.1 million units. This is 500,000 more than were sold in 2022.
“It is clear there has been some recent slowdown in the market, but it depends where you look. Some brands are doing considerably better than others, with the likes of MG and Tesla standing out as strong performers in 2023,” the respected consultancy GlobalData said today. Continue reading
Posted in auto news, blog, connected vehicles, economy, electric vehicles, environment, fuel economy or emissions, global warming, news analysis, sales
Tagged Al Bedwell, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BEV market, carlos tavares, European BEV demand and forecasts, EV technology and pricing, GlobalData, Hyundai Casper, Ken Zino, mg, Stellantis, tesla
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Ford Trends – Climate Change and Post Covid Consumer Views
Jen Brace, Trends and Futuring Manager at Ford Motor (NYSE: F) yesterday noted several trends in global research that show post-pandemic shifts in consumer sentiment and how people are reacting to technology by rewriting the rules of living, working, buying, and traveling. The self-professed “data nerd” shared the latest Ford consumer research with the Society of Automotive Analysts via Zoom. Continue reading
Posted in auto news, customer satisfaction, electric vehicles, environment, global warming, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ford Trends Report, Jen Brace, Ken Zino, Social Technological Economic Environmental Political consumer research, Society of Automotive Analysts
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California – Equitable EV Charging for Multi-Family Housing?
“The State of California is leading the way to transition our transportation system to 100% zero-emission vehicles, but the millions of drivers who don’t have access to at-home charging are at risk of being left behind,” said McCarty. “If we want all Californians to have access to electric mobility, we must provide them with convenient and affordable public charging options where they already park: the curb.” Continue reading
Posted in alternative fuels, connected vehicles, economy, electric vehicles, environment, global warming, news analysis, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, FLO Charging Solutions USA, It's Electric Inc, Ken Zino, Kevin McCarty, Louis Tremblay, Nathan King
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Stellantis Posts Record 2023 Results – €18.6B Net
“As we just passed the three-year mark since Stellantis’ inception, I warmly thank our teams who are executing at the highest levels and contributing greatly to our growth story, even in the strongest of headwinds. Today’s record financial results are proof that we have become a new global leader in our industry and will remain rock solid as we look to a turbulent 2024. Thanks to our flexible technology and product roadmap, we are prepared to address the various scenarios that could arise and to continue delivering on our Dare Forward 2030 targets,” said Carlos Tavares, CEO. Continue reading
Posted in alternative fuels, auto news, economy, electric vehicles, engineering, environment, financial results, manufacturing, marketing, milestones, mobility company, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Ken Zino, NYSE: STLA, Stellantis earnings and strategy, STLA platforms
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Taycan Turbo GT Sets Records at Laguna Seca, Nürburgring
Porsche said today that the upcoming Taycan Turbo GT with Weissach package set the fastest electric production car lap at Weathertech Raceway Laguna Seca. The Taycan is scheduled to go on sale this spring as part of the expansion of the premium line of its all-electric sports sedan to include the Taycan Turbo GT and the Turbo GT with an optional Weissach package. The Weissach setup is built for the track and eliminates the rear seats for a higher power-to-weight ratio. At peak power, both models can deliver more than 1100 PS (pferdestarke) or 1084.51 horspower. Continue reading →