While Tesla’s latest superchargers can get its customers back on the road quicker than ever before, we’re still a ways off a world where recharging an electric vehicle is akin to a quick fuel stop. Exciting progress is being made, however, with the latest promising advance coming from chemical engineers at Penn State University, who have built a new battery they say can fully charge an electric car in just 10 minutes.
Some automakers dip their toes in the water sheepishly when launching an initial electric vehicle, but Ford is leaping high, contorting into taut, textbook cannonball form and drenching the crowd. Its first vehicle of an energized EV market offensive draws heavily from the book of Mustang legend, with styling and performance inspired by Ford’s muscle icon. The company has been teasing the electric crossover for a while now, and today it announced that we’ll get our first look at a world premiere event based at next month’s LA Auto Show. It’s definitely one EV crossover to watch out for.
by: Brent Smith for World Net Daily:
By her own admission, the CEO of General Motors wants to further her pursuit into crony-corporatism to achieve her vision of an all-electric, zero-emissions future.
There is something inherently wrong with the term crony-corporatism – although most use the term crony-capitalism.
There really isn’t anything capitalistic about cronyism. And there isn’t anything inherently wrong with corporatism. In both cases, the problem is “crony.”
For those unfamiliar, crony-corporatism is when a private-sector corporation gets in bed with the government. It may be federal or state, but in either case (or both), the corporation curries favor with the government, seeking special carve-outs and regulations that effectively lock out their competition. It’s an insidious relationship that benefits none but the corporation and government special interests. The consumer always suffers in the end.
ELECTRIC CARS: ANOTHER IDIOTIC GOV’T MANDATE
About a month ago, Elon Musk announced Tesla’s release of the Model 3 – an affordable Tesla, the all-electric car that is supposed to revolutionize the electric car market, because it’s an electric that doesn’t look like one.
The “greenies” have been all atwitter over it, as if this zero-emission vehicle will mark the beginning of the end of the polluting gas-powered car.
Reuters: GM Is Losing Nearly $50K on Each Electric Volt
by: Becket Adams at the Blaze
General Motors posts a $49,000 loss for each new Volt plug-in hybrid it produces, Reuters reports.
And on top of that, rock bottom lease offers made during the summer may have inflated the above number. According to the report, some motorists paid only $5K to drive around in a new $80K Volt for two years. Oh, yeah, and Volt production has been put on hold at GM’s Detroit-Hamtramck plant.
What we’re trying to say is that it will be a very, very long time (if ever) before GM makes a profit on the Volt.
The problem with the car is that “the Volt is over-engineered and over-priced,” according to Dennis Virag, president of the Michigan-based Automotive Consulting Group.
But hey! If it’s any consolation to GM, Nissan, Honda and Mitsubishi are all having a hard time marketing their electric and hybrid models as well. But even that minor bit of consolation disappears when you consider the fact that Toyota has had great success with its Prius model (meaning it’s possible to have a successful electric-hybrid).
“GM’s quandary is how to increase sales volume so that it can spread its estimated $1.2-billion investment in the Volt over more vehicles while reducing manufacturing and component costs — which will be difficult to bring down until sales increase,” the Reuters report reads.
“But the Volt’s steep $39,995 base price and its complex technology — the car uses expensive lithium-polymer batteries, sophisticated electronics and an electric motor combined with a gasoline engine — have kept many prospective buyers away from Chevy showrooms,” the report adds.
But more than just steep prices, many Americans simply prefer a car that gets better mileage and has the infrastructure in place to help charge and maintain it.
“It’s true, we’re not making money yet” on the Volt, Doug Parks, GM’s vice president of global product programs and the former Volt development chief, told Reuters in an interview. The Volt “eventually will make money. As the volume comes up and we get into the Gen 2 car, we’re going to turn (the losses) around,” he added.
But some analysts disagree with Parks.
It currently costs GM “at least” $74K to produce the Volt, including development costs, Munro added.
“That’s nearly twice the base price of the Volt before a $7,500 federal tax credit provided as part of President Barack Obama’s green energy policy,” Reuters notes.
Again, as stated earlier in this article, with these type of costs tied into the vehicle’s production, it may be a very, very long time (if ever) before GM sees a profit on the Volt.