To Pay or Not to Pay (the EU Fines) — the Carmakers’ Conundrum
As many know by now, the EU has put in place a regime that punishes carmakers that pollute “too much” — called Corporate Average Fuel Economy (CAFE) standards.
As many know by now, the EU has put in place a regime that punishes carmakers that pollute “too much” — called Corporate Average Fuel Economy (CAFE) standards.
Aside from the exceptional demand for the Model 3 & the Model Y in markets where these vehicles are available, sales of the Model S & X appear to have plateaued?
As everyone knows, the automobile industry has been slammed in 2020, including in the United States. Below is a look at third quarter auto sales across the country as well as auto sales in the first three quarters of the year.
EU standards are driving electric cars towards 10% of sales, and 15% in 2021.
But lax targets for 2025 and 2030 would see EV sales stagnate for a decade.
The Super-September edition of the Dutch EV market actually saw it return to red (-3% year over year/YoY), but with the crash of the overall market, plugin vehicle (PEV) market share actually jumped to 27%, 6 percentage points ahead of September 2019.
BMW has begun production of the BMW iX3, its second fully electric vehicle, coming several years after the BMW i3 went into production in 2013. Interestingly, production of the first vehicles is in China, and there’s a reason or two for that.
Six out of 10 cars sold in Europe are company cars, and almost all of these are diesel or petrol
I drive a short-range EV long distances. It takes more time, more days and nights, but it works. I drive what might have been a one day trip in a Tesla or a gasoline car in two or three days. I have done one particular route 5 times, relying on Electrify America stations and a few EVgo stations.
Institutional investors Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Norrsken VC & PCS Holding participate in a $600 million private placement together with private investors Cristina Stenbeck and Daniel Ek.
In August 2020, according to the Office of Energy Efficiency & Renewable Energy, cumulative plug-in vehicle sales in the United States reached 1.6 million units.