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Electric vehicles have developed tremendously in recent times, battery capacity and range have increased exponentially, and new investors are flooding into the market to get their share of the pie. The logical question is, where to next with this amazing technology?
Siemens and Germany have announced their collaboration the eHighway which is being constructed on a 10 km strip of the Autobahn close to the Frankfurt Airport in Germany. Though 10km (6miles) doesn’t seem like much, this could be a groundbreaking step for electric trucks in the future. eHighways could cut input costs for companies dramatically and could make the price of goods independent from oil prices.
To learn more about eHighways check out this video.
eHighways have been dominating the news this week, Queensland Australia has announced that they are busy developing the continents biggest electric vehicle friendly highway. The strip of road will stretch over 2000km and will be supplied with 18 charging stations. This will make it possible for citizens to drive up the east coast from Brisbane to Cairns without worrying about recharging their EV’s.
This is a big push from the Australian government to increase the number of electric vehicles in the country. The charging stations will be free of charge for at least the first year and this could incentives consumers to go electric (there are only 700 EV owners in Queensland at the moment).
Baojun is a mass-market car brand from General Motors‘ SAIC-GM-Wuling joint venture in China. This week they have reviled their brand new fully electric commuter vehicle, the E100.
The E100, which is Baojun’s first electric car, is powered by a single 39-horsepower electric motor and has a top speed of 62 miles an hour. The E100 can drive about 96 miles on a fully charged battery. More than 5,000 people have already registered to buy the first 200 vehicles. Another 500 vehicles will be made available this week, and buyers will be chosen on a first-come-first-served basis. The Baojun E100 will sell for around $5,000 after incentives.
Exactly 70 years after the debut of its first electric vehicle, Nissan’s most advanced EV ever – the Nissan BladeGlider sports car – took center stage at this year’s Goodwood Festival of Speed in the UK.
Electric cars may only be booming now, but Nissan has been at it for the past 70 years and by the looks of it the blade runner could be another masterpiece in the making.
Check out this video if you don’t believe us:
Consumer Reports just published the results of its range test of the Chevrolet Bolt and came up with some surprising results.
While the Bolt is rated for 238 miles of driving by the EPA, the car exceeded that in the Consumer Reports test, squeezing out 12 more miles for a total of 250. That means the Bolt officially beats Tesla’s Model S, at least in this particular test. When CR tested the Model S 75D, it got 235 miles, compared to the EPA estimate of 259. This test may not be particularly telling but with the Tesla S costing double what the Chevy Bolt costs, some eyebrows could be raised at Tesla’s reliability when it comes to range.
Compiled by Ruan Goosen
We look at the Top brands, Best and Worst Models and how the battle between battery electric (BEV) and plug-in hybrid (PHEV) technologies play out in the summary of USA EV Sales H1 2017.
The highlights for USA electric car sales in H1 2017 was:
There are no surprises in the Top 3 EV brands with Tesla holding on to its lead over GM due to a 24% rise in Tesla Model X sales. GM could not dethrone Tesla even with a new model, the mass-market Chevrolet Bolt EV up its sleeve. Improved sales in the 2nd Quarter from the Ford Fusion Energi and C-Max Energi helped the brand retain its third position fighting off the strong performance of Toyota with the new Toyota Prius which was placed third at the end of the first quarter.
Most brands showed improved sales growth over the first half of the year with only Ford, Volvo, and Mitsubishi showing declining sales. The Volkswagen Group showed a declining trend as the year progressed and mustered the lowest growth. The declining fortunes of the German automaker can be attributed to the Volkswagen e-Golf not being able to compete on range with the new mass-market Chevrolet Bolt being sold in the same price bracket. Chrysler showed the highest growth after Toyota buoyed by the new Chrysler Pacifica and great specials on its compliance car, the Fiat 500e. The results might have been better for the US automaker, but the Chrysler Pacifica launch was delayed and then impacted by recalls and plant closure due to battery problems.
Most of the existing models showed growth lower than the overall growth due to the big number of new models to the market. Surprisingly the Ford Focus and Fiat pure electric models outperformed the market showing that the public is becoming more comfortable with range issues and the continuously improving charging infrastructure is starting to have and effect on top of the financial incentives making EVs appealing.
European plug-in vehicles were the biggest losers in this half of 2017 with a number of the luxury PHEV models losing big. Volvo and BMW saw some of their relatively new models losing steam. Both the BMW x5 xDrive and Volvo XC90 T8, released in 2016, lost market share in favor of the Tesla Model X. The Tesla Model S sales have flatlined although it remained the top selling BEV model. It will be interesting to see how the new Daimler Smart ForTwo ED fares in the second half of 2017. The German automaker is relaunching the brand as electric only in the USA and Canada from this summer and will offer a slightly improved model at a marginally reduced $23,800 starting price before incentives.
Battery electric vehicles are still maintaining its lead over plug-in hybrids albeit at a lower margin. BEVs took six positions in the Top 10 EV sales for the USA in the first half of 2017. The ever increasing number of plug-in models benefits the technology in the short term as it competes with only a handful of pure electric models. The Plug-in hybrid category benefited mostly from the release of the new Toyota Prius and to a lesser extend the Chrysler Pacifica. The Tesla Models X and S constitute nearly 44% of all BEV models showing the company’s dominance in the sector. The commanding position will improve even more with the release of the Model 3 in the second half of 2017 which might add about 40,000 units depending on the production ramp-up. The release of the Tesla Model 3 and new Nissan Leaf, expected by the end of the year, should help pure electric vehicles outperform the more dirty plug-in hybrids in the second half.
Be sure to check out our new presentation of all EVs since 2010 to gain great insights on all auto brands and their electric vehicle strategies. We have also created presentations per technology type BEV, PHEV, and FCEV.
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This week saw the announcement of four new EV models by Audi, DS Auto, Tata Motors and Hyundai. The four brands will release electrified versions of existing model ranges as they rush to enter the market.
Audi announced its intentions to launch an electrified version of the Q2 SUV for the Chinese market. The Q2 will compete with the BMW Brilliance X1 which is also specifically produced for the Chinese EV market.
PSA Group’s luxury brand DS announced that it will release an all-electric vehicle or PHEV every year from 2019 starting with the DS7 Crossback. In other news, PSA Group and Changan deepened their relationship in China with the intent to jointly develop electric vehicles in a similar fashion as the VW JAC JV announced earlier this month.
Tata Motors will enter the India market with an electric version of the Tata Tiago hatchback. The Tiago will be Tata’s first production EV. In 2015 the market speculated that the Indian company was to bring the Tata Megapixel to market in 2016 as its first EV but market conditions did not favor EVs at the time. The Indian Government has since embarked on a drive to change to 100% EV in 2030.
Hyundai revealed its latest EV, an electric version of the Hyundai Kona SUV. The car is expected to reach the market late 2018 and will be unveiled at the Frankfort Auto Show in September 2017. Although no specifics has been revealed the Kona is expected to have a range of 217 miles from a 50kWh battery and will be priced below $40,000. In related news, the Korean company announced that it will increase production of the popular Hyundai Ioniq with 50%.
Honda announced that it will release the Honda Clarity Electric in Oregon and California later this year on a three-year lease for $269 per month.
Tesla, now the 4th largest automaker in the world by market cap, has been in talks with the Indian Government to establish production facilities in the Asian country. Tesla CEO Elon Musk provided further incites in the company’s plans for entering the potential growth market by tweeting “In discussions with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built.”
Tesla shares this week reached our target of $380 as per my forecast in Week 20, I hope you took advantage of the opportunity.
In Week 22 we reported on concessions agreed between the German Chancellor and Chinese Premier to delay strict ZEV type mandates to allow German automakers some breathing space. This week the Chinese Legislative Affairs Office published draft legislation ignoring the concessions. The proposed legislation will require automakers to sell new energy vehicles equivalent to 8% of total sales in2018, increasing by 2% annually to reach 12% by 2020. Chinese lawmakers and the Calfornia Resource Board met in China last week to expand cooperation on accelerating the deployment of zero-emission vehicles. The delegation also included officials from Chinese vehicle and battery manufacturers such as BYD, BAIC, Great Wall, Geely, Dongfeng, Yangtze Motors and a half dozen other vehicle and battery companies.
EV sales data for May 2017 published this week included data for Germany and China. I will do a complete breakdown of the sales again next month when June figures will allow me to do a deep dive at the halfway mark for the year. Headline data from Germany and China are as follows:
Germany: EV Sales keep powering ahead EV sales now nearly double that of the same period 2016. Total sales for the year to date stands at just over 17,000 units compared to 8,800 at May 2016. May 2017 EV sales in Germany was nearly treble that of May 2016 as 3,754 EV were added to the fleet compared to only 1,392 units in May 2016.
China: Chinese EV sales are recovering at a decent pace. EV sales in May showed a continuation of the trend started in March 2017. Chinese EV sales are now more than 50% higher than the same period a year ago. May EV sales of over 40,000 units bring the year-to-date sales to 134,000 units. Smaller cars like the Zhidou D2 and BAIC E180 still rules the roost. The new Chery eQ1 has also made the Top 20 list for the month.
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.
In related news the California DMV permitted self-driving truck start-up, TuSimple, to test its artificial intelligence (AI)-based Level 4 autonomous driving system on 420-miles of public roads from San Diego to Tucson in Arizona.
EV sales in the USA are up 43% Year-to-Date after sales in May resulted in it being the second best month for electric cars for the year so far. May 2017 sales outperformed May 2016 with a 46% increase. The tussle between BEVs and PHEVs is to close to call as pure electric vehicles continue giving ground on the lead at had over PHEVs, with PHEVs outselling BEVs in May with 8,325 units vs. 8,243 pure electric vehicles which include the BMW i3 REx.
The best performing electric vehicle for the month was the Toyota Prius, dethroning the Chevrolet Bolt for the first time this year. The Tesla Model S also dropped out of the top 3, a rare occurrence, making way for its sibling, the Tesla Model X. The Hyundai Ionic and Chrysler Pacifica both climbed five or more positions for the year, with the Chevrolet Bolt increased its units sold with 21% on April but remaining in the 5th place overall for the year. The big losers for May 2017 were the Mercedes C350e, Audi A3 e-tron, and Ford Focus Electric.
The Top 3 brands remained the same as this time last year with Tesla, Chevrolet and Ford taking the top three positions. The rest of the brands had to make way for the rise of Toyota, taking the 4th place. Volvo gave up the most ground, falling from 9th to 12th spot.
Toyota confirmed this weekend that it divested from Tesla as it exited the co-operating agreement the companies had on electric vehicle technology. Toyota acquired 3.15% in Tesla in 2010 for $40.5 million, a stake which would have been worth $1.75 billion at Friday’s close. According to the Japan Times Toyota announced that the sale of the stake, which happened in trances between October 2014 and the end of 2016, is “a part of a regular review of business alliances.” The partnership resulted in the development of an electric Toyota RAV 4, which was abandoned as the company changed course away from EVs to hydrogen fuel cell technologies.
The Indian Government’s Department of Energy posted a blog in which it reiterates its ambition to only sell EVs by 2030 through its National Electric Mobility Mission Plan on which we reported on in Week 17. The Government’s plan set a target of between 6 and 7 million units by 2020 already, which seems overly ambitious as EV sales have yet to pick-up in the country. One if its largest automakers Mahindra and Mahindra last week announced that it only now plans to increase its battery production capacity from 500 units to 5,000 a month, a far cry from what should be needed if it wants to produce its fair share of 6 million units. The blog sees that EVs will reach parity with ICE vehicles by 2022. Bloomberg New Energy Finance in a report last week saw this only happening in 2025. Automakers such as Mahindra is reluctant to overly invest in EV manufacturing infrastructure while the prices of ICE cars remain cheaper than EVs in a country where the consumer is very price sensitive. The Indian Government is yet to definitively announce what financial contribution it will make towards achieving the goals, other than saying it acknowledges that it will need to carry the industry for the first three years.
Chinese Premier, Li Keqiang, and German Chancellor, Angela Merkel met on Thursday to discuss various trade issues between the two countries, amongst others the impact of the China’s ZEV-like quota on German automaker’s expansion plans in the Asian country. The Chinese Government proposed that car manufacturer had to achieve a level of 8% EV sales by 2018. Although not confirmed Reuters on Friday reported that the Chinese Government agreed to delay the quota to 2019 for German companies but that they should ramp up EV deliveries at a later date.
As the electric vehicle sales in neighboring Norway climbed 30% year-on-year for the month of May the CEO of Russia’s largest oil company, Rosneft PJSC, Igor Sechin denounced EVs as overrated. Mr. Sechin was quoted by Bloomberg during a speech at the St.Petersburg International Economic Forum saying Tesla is overvalued and EVs are “not as popular as had been expected” in Europe’s biggest economies. Mr. Sechin went further saying “The market’s assessment of the prospects of electric car producers, in our view, is significantly overestimated,” and that “Until the electric transport industry becomes as user-friendly and attractive for consumers as the cars with internal combustion engines, the prospects for electric vehicles remain largely uncertain.” Rosneft that had 2015 revenues of nearly $100 billion market value was clipped by that of Tesla at the end of May 2017. Tesla shares were up nearly 60% for the year while Rosneft was down 20%.
We acknowledge Donald Trump leaving the Paris Climate Pact but took a decision to rather report on other EV related stories of the week.
Interested in learning more about Chinese electric vehicles? Download our fun and easy app below, flick the China switch and swipe left the models you don’t like, right the ones you do, enter the chat rooms and share your thoughts with the community.
In June 2016 the Chinese authorities embarked on a program to regulate the industry that saw over 200 companies planning to produce over 50 million cars a year. Initially, the Chinese Government announced that it would only provide ten manufacturers with permits to produce electric vehicles in a bid to ensure quality and reliability to the consumer. A year later, at the end of May 2017, 14 new energy vehicle manufacturers were awarded production certificates to develop electric vehicles, with no indication what the new limit on participants is. China leads the world in terms of the size of the electric vehicle market; one would expect that it would lead to the creation of great looking automobiles, the opposite has been the norm.
China’s electric car sector is known for its ugly models, most are either bad clones of other brands, such as the Tesla Model S clone the Youxia Ranger X, or old body types of Japanese or European models with a battery thrown in, such as the 2012 Suzuki SX4 rebadged as the 2017 SD EV Yinse. Currently, most Chinese vehicle manufacturers are bringing mid-to-low end models to production, competing with Western models such as the Tesla Model 3, Chevrolet Bolt, Renault Zoe and the Nissan Leaf. A couple of Chinese manufacturers are following the Tesla model of starting with a luxury sedan or sports car and will, therefore, compete with the likes of the Rimac Concept One, Tesla Modle S or Porsche Mission-E.
Many Chinese automakers have addressed design challenges by opening design centers in Europe, mostly in Italy, world-renowned for design, especially automotive design. Some Chinese automakers own established Western brands such as Geely owning Volvo, SAIC Roewe buying MG, NEVS buying SAAB and Wanxiang buying Karma Automotive. One might, therefore, be forgiven to expect that world-class design principles would find its way into Chinese electric vehicle production. Unfortunately, the fusion between Western and Chinese design has yet to deliver eye-catching electric vehicles.
With the greater oversight, one would have hoped to be wowed with only the best electric vehicles rising to the top and receiving the coveted production permits. Let’s look at the current Chinese automakers that have been granted production certificates and see what the Chinese consumer and the rest of the world can expect.
The Chinese Government owned BAIC is one of the top-selling EV brands in China and is now into its second generation EV design with the BAIC E200, BAIC EC180, and BAIC EU260. BAIC has also created a stand-alone company for electric vehicles, BJEV and is expected to bring a new brand to light, called Arcfox. Unfortunately, BAIC’s design still looks very much like copies of other brands, take for instance the BAIC EU260 which looks very much like an older Mercedes C-Series.
Changjiang EV produces the eCool EV, also know as the FDG Yangtze EV. The company classifies the eCool as a mini-SIV, but in all honesty, it looks more like a hatchback. The eCool comes with 10-inch multi-touch HD screen providing an onboard interconnected experience and a mobile terminal. The vehicle achieved a 4-star C-NCAP measured at 50km/h impact. The hatchback comes in various funky colors, and customers can personalize their dash and seat covers, not that is does anything for the general look of the EV.
CH-Auto Technology founded in 2010, the Chinese electric vehicle manufacturer branded as Qiantu Qiche (前途汽车), meaning Future Auto in 2015. Qiantu aims to compete head-on with Tesla and unveiled the Qiantu K50 Event! as the first model in its arsenal to do so ( for all the language buffs, the ! is not a typo but part of the name). The K50 Event! is one of the more appealing Chinese EVs.
Chery Auto was honored with “Best Globalization Strategy for the year 2015” among Chinese Vehicle manufacturers. Chery is a leader in the EV sector with one of the first production cars as far back as 2008.The Chery QQ, first produced in 2015, remains one of the top 10 models in China. The QQ might be popular, but it is certainly not for its looks.
The company was founded in 2011 and opened the Jiangsu MIN’AN Automotive Research Institute in October 2015 where it develops its new energy vehicles. Min’an Auto is set to unveil its first EV in 2018. Min’an has the intent to develop three models in 2018, an SUV, rendered below, a sports car and a neighborhood electric (NEV) delivery van. Min’an suffers from the same classification issues as Changjiang EV, trying to sell a hatchback as an SUV.
Owned by Chinese auto parts company Wanxiang Group, who bought the remnants of Fisker Automotive in 2013. The company aims to manufacturer 900 Karma Revero’s in 2017. Waxiang Group was one of the first automakers to receive a production certificate allowing it to produce electric vehicles in 2016. The Karma Revero teaser below was released late 2016 and does not look a lot different than the Fisker Karma of 2012.
JMC created a new company to house its electric vehicle unit under in early 2015. The plant situated in Nanchang City has a planned production capacity of 70,000 units per year by 2020. JMC EV is planning to follow up on its first electric vehicle the E100 EV with four new models, the E200, E160, S330 SUV PHEV and E170. Th JMC E100 is one of the top 20 sellers in China. Both the E100 and E200 looks quite similar and follows the same boring lines as most of the small electric vehicles such as the Chery QQ and BAIC EC180.
The Sokon owned company received its production certificate early 2017 which allows the company to produce 50,000 EVs annually. The company has not unveiled any vehicles but have secured Tesla Co-founder, Martin Eberhard, as a consultant and acquired US-based AC Propulsion at the end of 2016. Sokon developed small commercial vehicles in partnership with Dongfeng.
National Electric Vehicles Sweden (NEVS), a Chinese-owned company, acquired the SAAB brand from bankruptcy in 2012. The company received a production permit for 200,000 units annually. The company has already signed an agreement to supply 20,000 SAAB 9-3 to Chinese Aerospace entity, Volinco. Disappointingly it seems that consumers will have to be content with getting another relic from the past as an option when it comes to buying a new EV in China.
Yudo Auto electric vehicles strategy is to produce affordable pure electric SUVs and aims to be a first-class brand in 5 years and international presence in 10 years. Yudo chose the words “creating for change” as its tagline and opened a Design Center in Milan, Italy. The company unveiled two small SUVs at the Shanghai Auto Show in April 2017 as part of its Gemini strategy. The Yudo Pi1 base model looks like a bad knockoff of the VW Tiguan, and the flagship Yudo Pi3 reminds of a Landrover Freelander of the 90’s. Let’s hope there is more “creating for change” down the line.
Know Beans (Zhi Dou), a Geely company, and yes that’s the brand’s name, develops the popular ZD D2 mini-car which is also sold under the Zotye label as the Zotye E20. The D2, produced since 205, is also a top 20 electric vehicle in China. You just know, when you look at the D2, that it hails from China. I don’t know what is worse, the brand name or the vehicle, enough said.
Henan Suda EV, also know as SD EV received permission to develop a 100,000 EV plant. SD EV offers one of this ‘Back to the Future’ opportunities, where you can buy a vehicle from 2012 as a brand new model in 2017. SD EV has two EV models ready for production. The vehicles are based on Suzuki SX4 sedan and hatch. The word Suda means to ‘Speed Up’ in Chinese while the Henan refers to the company’s home province.
Hozon received an electric vehicle production certificate allowing it to produce 50,000 units per annum. Hozon unveiled its first concept vehicle, a compact crossover named @, at the 3rd World Internet Conference in November 2016. The Hozon logo looks surprisingly similar than that of Mercedes, and the rendering of the marketing material looks like that of an old generation Buick Lacrosse, while the @ like a Tesla Model X.
GreenWheel received approval to develop a 50,000 unit plant. The company is better known for developing Neighborhood Electric Vehicles (NEV). Now that GreenWheel has qualified for EV production it aims to start production of the small crossover, named the V5, which is an electric version of the Weichai Enranger G3.
JAC and VW entered into a JV to produce 100,000 EVs per annum in May 2017 and became the 15th and last company to receive a permit in this round of permitting.
For too long the stereotype Chinese manufacturer has been known for copying rather than innovating. It is therefore disappointing to see that most of the authorized EV producers are still developing cars based on old combustion vehicles. The failure of the permitting process to identify and authorize truly innovative companies to ensure a sustainable and dominant Chinese EV sector will be negative for the whole EV sector, we need companies such as Tesla, testing the boundaries set by traditional auto manufacturers.
At the end of the day, beauty is in the eye of the beholder so I would love to hear your comments on the state of China’s electric vehicle design in the comment section below.
Interested in learning more about Chinese electric vehicles? Download our fun and easy app below, flick the China switch and swipe left the models you don’t like, right the ones you do, enter the chat rooms and share your thoughts with the community.
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Now that all the Q1 data is in we can do a detailed dissection of the hottest quarter in EV history in which nearly 200,000 electric vehicles was sold. The headline data is that nearly 180,000 EVs were sold in the top 10 EV countries. Battery Electric Vehicles (BEV) outperformed Plug-in Hybrid Vehicles (PHEV) by a long shot. A total of just over 106,000 BEVs were sold while only around 70,000 PHEVs moved off the dealership floor in the top 10 countries.
One of the standout data points is USA EV sales which overtook China as the best market for electric vehicles in Q1, making the USA the top EV country in Q1. The worst performer was The Netherlands, who fell out of the top 10. The Netherlands disappointing performance over the last couple of quarters does not bode well for the European country was seen, next to Norway, as one of the proponents of the technology. Only last year still did the Dutch Government contemplated a goal to be 100% electric by the middle of the next decade. It is unclear what caused the drop in EV sales in the Netherlands.
When comparing this quarter’s EV sales by country to their respective totals for 2016 one can see that the pace of EV sales picked up in most. If one should expect that by the end of Q1 EV sales should equate to roughly 25% of 2016, it is only China and The Netherlands that are underperforming. Chinese EV sales have lagged in January due to technical factors including a clampdown on EV subsidy fraud and the annual Chinese holiday, in which most industries shut down. Chinese EV sales have picked up the pace in the following months and the quarter still ended up 30% over the same period of the previous year. It can be concluded that EV sales for the first quarter in China are historically weak and Q1 2017’s performance is by now way an indication of a trend. Furthermore, the Chinese Government last week announced a plan to dominate the electric vehicle sector which should help the country to regain its stature. Japan, on the other hand, has picked up the strongest pace and has already achieved EV sales equal to 59% of its total 2016 sales. The Japanese EV market has the least variety of EV models available to consumers, and it is anticipated that the introduction of more models will stimulate the market further. Germany is the second best performer helped by a 77% improvement in EV sales on a year-to-year basis.
The top EV brand in the Top 10 EV Countries is Tesla for the second year running. Tesla announced in its April trading update that it sold just over 25,000 Models S and X globally. It is important to note that the figure reported includes vehicles being shipped, while country sales data shows vehicles registered. Toyota is back in the Top 10 list of EV brands on the back of a well-received new Toyota Prius. Chevrolet did not shoot the lights out with its new mass-market EV, the Chevrolet Bolt / Opel Ampera-e. Most of GM’s sales came from the Chevrolet Volt PHEV. The company is criticized for producing a limited amount of the Bolt and is being labeled as a compliance company for that, a term used for auto manufacturers that only sell EVs in Zero Emission states to gain credits. The big losers included VW, BYD, and Mitsubishi. BYD has been the Top EV manufacturer for 2015 and 2016 globally and was at the number three position for most EVs sold since the start of the decade. Competition from the likes of BAIC and SAIC is the main reason for the companies bad performance. Up til 2016, BYD had the advantage of being first to market, but some new models that can compete on performance and quality with BYD entered the market since 2016. (This sentence could very well be used for Tesla in a couple of years). Mitsubishi fell a staggering ten places as the company has not updated its popular Outlander PHEV or introduced new models as a replacement.
The Top 10 EV models are still lead by the Nissan Leaf, a phenomenal performance by the 7-year-old EV. The Toyota Prius replaced the Tesla Model S in the top two while the Tesla Model X performed the best of the 2016 Top 10 cohort. Newcomers Chevrolet Bolt, BAIC E-180, and the Toyota Prius replaced the BYD e6, BYD Tang and Mitsubishi Outlander in the Top 10 EV models list for Q1.
Please use the comment section below to share your thoughts on the EV market.
Note on data: The detailed data above does not include the UK, who keeps their EV data more secret than Donald Trump does classified information.
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BMW is shedding some lite on its short-term electric vehicle strategy, according to Reuters, citing CEO Harald Krüger. The German automaker hinted that the Mini could be the BMW mass-market electric car, competing with the Tesla Model 3 and Chevrolet Bolt, as the company targets over 100,000 EV sales for 2017, up from 62,000 in 2016.
BMW is releasing the Mini brand’s first electric vehicle mid-2017. The Mini Cooper Countryman S E All4, available at dealers in Europe from 24 June 2017. Mini’s first attempt, the Mini E, was produced in a limited amount and only used for field trials in 2010.
Mr. Harald Krüger was quoted as saying “The fully electric drivetrain will be integrated into our core brands. To achieve this, we are now gearing our architectures toward combustion engines and pure battery electric drivetrains,” as the company plans to include EV manufacturing in its mass production line. Currently, the company’s electric vehicles are assembled at its low-volume plant in Leipzig. BMW will also expand the capacity of its PHEV drivetrain plant in Thailand and fund the cost of the investment in its electric vehicle infrastructure through a production increase in its profitable SUV segment. To ramp up production to meet expected demand the company is considering manufacturing facilities for the Mini in Germany, the Netherlands, and the UK.
BMW‘s long-term electric vehicle strategy is to have EV’s contribute to between 15% and 25% of its sales by 2025.
ONE
An article by OilPrice.com based on BP’s long-term energy outlook claims the electric vehicle car threat to the oil industry is overstated and a red herring for investors and other observers. The article cast doubt on if the achievability of a target of a 100 million electric vehicles by 2030, especially in a Trump era. Nonetheless, BP’s forecast still sees only a marginal effect of only 1.2 million barrels per day on oil demand if the target of around 7% EV’s by 2030 is reached. The article concludes that a bigger unknown to oil demand gains in fuel efficiencies, largely driven by more stringent emission targets.
TWO
Rumors about Apple’s secretive iCar named Project Titan has been circulating. MacWorld.co.uk speculated this week that Apple, the world’s most valuable company, has set itself a deadline of late 2017 to prove feasibility for a vehicle to rival Tesla.
THREE
Some policy gains were made this week in support for electric vehicles in the ongoing tussle targeting regulations for and against the technology. New York will from the 1st of April 2017 provide a $2,000 incentive to buyers of electric vehicles. In Wyoming, despite efforts by the Alliance of Automobile Manufacturers backed by Ford and GM to block Tesla from opening its direct sales business, the State Legislature this week approved a bill allowing Tesla to open its showrooms and sell vehicle’s without the use a middle man.
FOUR
Honda is setting itself up for failure with this week’s announcement that the much anticipated mid-sized 2018 Honda Clarity EV will only have an 80-mile range. Despite being a mid-size sedan, with the obvious space benefit it brings, the car will not even compete with smaller compact sedans and hatchbacks, such as the 2017 BMW i3 (114 miles), Nissan Leaf (107 miles) and the VW e-Golf (125 miles). The Honda Clarity EV’s direct competitors in the $30,000 to $35,000 price range, the Hyundai Ionic (124miles) and Tesla Model 3 (200 miles), will put it to shame.
FIVE
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 car maker standings, GM retained its lead with 2,776 units over Tesla’s 2,550 units with Ford taking third place with 1,704 units.