In an ongoing Series about the EV Revolution, we are seeing huge interest in the technology, products, and innovation through the Sharing of Knowledge of Electric Vehicles. It seems it is gaining traction.
Chevy is offering Cash rebates on the plug-in Volt.
Chevy is offering Cash rebates on the plug-in Volt.
Compelling lease incentives for the Honda Fit-EV are available at $259/mo with incentives.
Nissan LEAF sales continue to be Astounding - Over 2000 last month.
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| Madtown Preppers Off Grid Living Page - EV Updates (LA Times Photo) |
We are also posting an article from Profits Confidential re: Global Economic Impact of the EV Industry.
"Energy innovation, in all its forms, is a great opportunity."
The EV Revolution.
Join Us.
_MP
GM offers big rebates on the Chevy Volt
NEW YORK (CNNMoney)
Facing stiff competition in the more crowded electric car market, General Motors is offering huge incentives to move its Chevy Volt off of dealer lots.
Volt buyers can get rebates of $5,000 on 2012 Volts or $4,000 on 2013 models. Alternatively, General Motors (GM, Fortune 500) is offering a special lease deal of $269 a month for 36 months with an initial payment of $2,399 for qualified buyers, the company said Monday.
While automakers don't make big profits (and often lose money) on electric cars, they are nevertheless an important part of the business. For example, California, the largest auto market in the United States, requires car makers to sell a certain number of plug-in cars if they wish to do business there.
The Volt is a plug-in car that can go about 40 miles on a charge, but also has a a gasoline engine to provide power for longer drives.
Besides those types of regulations, electric cars are important image makers for car companies. "A lot of these companies want to be known as the company people think of when they think of a plug-in car," said Jessica Caldwell, an analyst with the auto Web site Edmunds.com.
Pricing and incentives on electric cars have been getting more aggressive recently as automakers try to improve sales of the cars.
Honda recently announced a new low lease rate for its Honda Fit EV, an electric car that's available in California. The Fit EV is being offered for $259 a month with no money down. That price includes insurance, maintenance and unlimited mileage. Plus, Honda (HMC) will provide a free home charging station.
Chevrolet dealers sold about 1,600 Volts last month, which is 4.3% fewer than were sold in May of 2012.Nissan (NSANF), meanwhile, saw a big increase in sales of the Leaf plug-in. Nissan sold 2,138 Leafs last month compared to just 510 the year before. Nissan is offering very low lease prices on the Leaf. The Leaf is available for $199 a month with only $999 down. Nissan also lowered the sticker price on the car as they moved production of the car from Japan to the United States.
First Published: June 10, 2013: 6:23 PM ET
Can the Electric Car Save the Global Economy?
Friday, May 24th, 2013By Mitchell Clark, B.Comm. for Profit Confidential
It’s a very interesting concept: I absolutely believe that energy innovation will help the U.S. economy tremendously over the coming years.
Under that vast umbrella of energy innovation, alternative energy has the potential to become a genuine economic engine that can revolutionize personal transportation and the economic landscape.
There is excitement surrounding automaker Tesla Motors, Inc. (NASDAQ/TSLA). This company just doubled on the stock market in a little over a month.
I haven’t driven any of Tesla’s vehicles, but the company’s new four-door sedan looks fantastic, and the quality of the paint job really stands out.
I definitely see more “Chevrolet Volts” around. According to General Motors Company (NYSE/GM), it delivered 5,550 Volts in the first quarter of 2013, up 3.2% comparatively. The company is likely employing new sales incentives.
Virtually every automaker is getting in on the electric vehicle action. Even Porsche has a new electric “supercar.” The company is bringing to market the “918 Spyder,” which has a 4.6 liter V8 engine and two electric motors. The two electric motors provide an additional 218 horsepower on top of the more than 500-horsepower V8. The car can operate on its batteries alone, but I suspect the range would be extremely short.
Trucks and SUVs are bread-and-butter for domesticautomakers. But the migration to electric vehicle production (a loss leader right now) is all about range and economies of scale. A $40,000 compact Chevy sedan is a misnomer.
While insider ownership with a company like Tesla is high and its valuation is extreme, the company would be an attractive takeover candidate for a successful automaker. The illusion can become real. BMW AG (XETRA/BMW) perhaps?
Range, costs, and availability of charging stations are obvious barriers for electric automakers.
But there’s been a sea of change with Tesla after so many electric vehicle and alternative energy failures. (See “Why These Old Economy Stocks Are Absolutely Crucial.”) The company just raised another $1.0 billion from new shares and debt, and it has cashed in on the stock market’s renewed interest.
A close friend of mine who has in-depth knowledge of domestic automakers thinks the whole electric vehicle trend is a bust. Without question, the business case for it is not profitable at this time. (Tesla is even selling its California zero-emission tax credits to other automakers to boost its bottom line.)
But that doesn’t mean that innovation within the industry is not worthy of pursuit—not at all.
There is the issue regarding utility consumption. If electric vehicles become more prevalent, the demand for electricity will go up. The consumer is always on the short end of the stick.
But this build out, if it proves to be a successful business model for automakers, does have real potential to energize the industry.
Energy innovation, in all its forms, is a great opportunity.
Rating: 8.0/10 (1 vote cast)
Related Posts:
May 27, 2013
Off
Grid Nissan LEAF Project - Update. Congratulations to Nissan and the
workers in Smyrna, TN for the Fastest Selling Vehicle in America!!! Join
the LEAF Revolution. _MP Off Grid Living Page ... “From the
beginning our goal with LEAF has been to bring affordable, zero-emission
transportation to the mass market in a practical, fun-to-drive
package,” said Erik Gottfried, Nissan director of electric vehicle (EV)
marketing and sales strategy. “With more than 25,000 LEAFs ...
Jan 16, 2013
87
projected GOM. Winter/Cold Temps skew numbers lower by 10%. Madtown EV
Enthusiasts, check out our Off Grid Living Page:
http://madtownpreppers.blogspot.com/p/off-grid-living.html. NEW EV BLOG
COMING SOON!
Apr 29, 2013
87
projected GOM. Winter/Cold Temps skew numbers lower by 10%. Madtown EV
Enthusiasts, check out our Off Grid Living Page:
http://madtownpreppers.blogspot.com/p/off-grid-living.html. NEW EV BLOG
COMING SOON!
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