Chevrolet Electric Vehicles
GM committed to EV’s & alternative solutions to meet anticipated future consumer trends & regulations. Beat’s the market with the first mass-market 200mile $30k Bolt EV.
Chevrolet Electric Car Strategy in the news
2017 Week 24 GM produces Autonomous Bolt EV
GM announced this week that it completed the equipment of 130 Chevrolet Bolt EVs with its next generation of self-driving technology. The vehicles will be added to its fleet of 50 current generation Bolt EVs testing the autonomous technology on public roads in San Francisco Scottsdale and Detroit. The company reported that the new generation technology features GM’s latest array of equipment, including LIDAR, cameras, sensors and other hardware designed to accelerate development of a safe and reliable fully autonomous vehicle.
2017 Week 13 GM buys EV unicorn, OSVehicles
GM acquired its second Y Incubator company, the Italian based OSVehicle, for $1.1 billion in a bid to develop a self-driving “Vehicle-as-a -Service” (VaaS).
OSVehicle provides an open-source platform for hobbyists and other start-ups. Customers can have a full EV platform, the Tabby EVO, shipped between $12,500 and $19,500. OSVehicle claim start-ups can save $2 million and 3-years in Research and Development by going the open-source route. The open-source platform enables for larger disruption in mobility options using electric vehicles. Imagine adding George Hotz’s self-driving car kit which he plans to market through his company comma.ai at a price of $1,000, and you can build your own “ai-chauffeur” driven zero-emission vehicle.
GM aims to use OSVehicle to develop its EDIT modular self-driving car based on the Chevy Bolt M1 platform. The decision was influenced by the ability of modular platforms to extend the lifespan of heavy use vehicles, such as ride sharing and hailing applications. OSVehicle‘s Yuki and Tin Hang Liu claim that through the use of modular architecture, car fleets can last ten times longer.
2017 Week 9 USA February EV sales unpacked, GM stays ahead, Bolt slides
February Electric Vehicle sales data released for the USA this week reveals some interesting talking points. Overall, February
sales gained a further 13.4% in January 2017 and over 55% on year on
year basis. Contributors to the increase came from a nearly doubling in
sales of the Tesla Model S and continued demand for the new Toyota Prius Plus.
Unfortunately, the Prius in our books hardly counts as an electric
vehicle due to its underwhelming continued reliance on its combustion
engine. Disappointingly, sales for the Chevrolet Bolt declined
over 18% from January, bringing total sales for the four months to
3,272 units, far short if one takes that at a claimed 30,000 units per
annum the Bolt should have sold 10,000 units during the four months. In
the carmaker standings, GM retained its lead with 2,776 units over Tesla’s 2,550 units with Ford taking third place with 1,704 units.
2017 Week 3 Chevrolet lauded for its efforts in the advancement of electric vehciles
A report just released by the Californian Air Resouces Board indicated that advancement in electric vehicle technology is happening at a much faster pace than anticipated five years back. The report highlights the efforts by Tesla and Chevrolet
to bring affordable and long-range vehicles to the market. The report
found expanding charging networks, advancements in battery performance,
decreasing cell costs, and the number of models available to the
consumer as factors for the improved results. On the other hand, the
Board states that not all automakers attack the challenges with the same
vigor, with Honda and Fiat Chrysler
named as company’s that just do the bare minimum to comply with
regulations. We predict this will reflect in the various companies share
prices five years from now when the next report takes the pulse of the
2016 Week 45 Los Angeles Auto Show 2016
Although not as electric vehicle focused as the Paris Auto Show earlier the year, the Los Angeles Auto Show
to be held this coming week promises to provide further insight in how
automakers gear up for their respective electric vehicle strategies.
Vehicle Manufacturers to keep an eye out for is Hyundai, Land Rover, GM, Tesla, BMW, Mercedes, and Nissan.
Market commentators will also be looking at how some manufacturers
utilise the low fuel cost environment to bring more SUV’s and crossovers
to the market. The consumer’s appetite for these vehicles in the low
fuel environment has long been the Achilles heal for the addition of EV
vehicles, adding to an ever increasing glut of sedan vehicles.
2016 Week 44 Charging Corridors
Reuters reported on an announcement by the White House that it will establish 48 EV Charging
corridors, comprising 25,000 miles across 35 States with the support of
Utilities and vehicle manufacturers. The initiative will allow for
charging stations every 50 miles. The press release goes further by
identifying specific State programs to support the adoption of electric
vehicles, including California’s commitment to have 5% of all public
parking to include charging stations. Car manufacturers supporting the
initiative includes BMW, Nissan, and GM.
2016 Week 39 Paris Auto Show
For the first time at an international auto show, electric vehicles took
center stage at the Paris Auto Show this week, overshadowing new reports
of Tesla autopilot
crashes, refuted by the company. The prominence of electric vehicles at
the show confirms the shift towards the segment. Most of the
front-runners in the segment were presented there and used the
opportunity to unveil new models, such as the Opel Ampera-e, which is the Chevrolet Bolt badged for the European market. VW unveiled its ID concept vehicle and Renault the Trezor.
CHEVROLET EV SALES
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