Norway, Paris/France, England, India, Germany, China and Scotland have all announced plans to ban the sale of gasoline vehicles in the upcoming decades. The US state of California might be close behind if a new bill expected to be introduced in the coming month by Assemblymember Phil Ting takes hold.
California is already leading electric vehicle adoption in the US, but they still need to speed things up if they want to achieve their goal of 1.5 million electric vehicles (EVs) by 2025, and 5 million by 2030. There are currently around 300,000 EVs on California roads today.
A new bill unveiled today would unlock $3 billion worth of incentives for an updated version of California’s current EV rebate.
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The market share of electric vehicles and plug-in hybrids keeps increasing steadily in California during the first quarter of 2017 according to the California Auto Outlook quarterly report. On the other hand, the market share of hybrids, excluding plug-ins, has been declining since 2013 and continues to do so in the current calendar year.
Nationwide new car registrations decreased by 1.4 percent. However, dealers in The Golden State saw a 0.7 percent increase in registrations and the state is now on track to top 2 million new car registrations again for this year. The Californian market hit a low of 1.04 million new light vehicle registrations in 2009 and topped the 2 million mark in 2015 after years of strong recovery since the financial crisis.
On the heels of the California Air Resources Board’s Midterm Review of the Zero-Emission Vehicle Program, the state’s electric utilities are seeking to expand electric vehicle infrastructure with thousands of new charging stations.
Pacific Gas and Electric Company (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric (SDG&E) all submitted new plans to the California Public Utilities Commission (CPUC) last week to collect about $1 billion more from their customers in order to finance the important expansion.
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The state of California reached the milestone of a quarter million plug-in electric vehicles on the road since the resurgence of EVs in 2010. With 30 different electric vehicles available in California due to its ZEV mandate, the state is able to grow its EV fleet significantly faster than the rest of the US.
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Pacific Gas & Electric Co., the biggest utility company in California, recently submitted a proposal to the California Public Utilities Commission (CPUC) to install approximately 7,500 level 2, and 100 DC fast EV charging stations around the state, which would be, by far, the most massive roll-out of chargers in the United States.
California’s Air Resources Board is starting to realize that it might have made a mistake by projecting a 15.4 percent market share for zero-emission vehicles (ZEVs) by 2025. The state, which pioneered incentivizing automakers to sell electric vehicles, is being outpaced by countries, like Norway and the Netherlands, exploring the idea of ZEVs having a 100 percent market share within the same timeframe.
Furthermore, because of Tesla, which only sells ZEVs, and the popularity of a few plug-in hybrid models, like the Volt, ZEV credits have flooded the market and now automakers would only need to achieve a 6 percent ZEV market share in the state and compensate with credits bought from other automakers in order to comply with CARB’s mandate without being fined.
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A few weeks ago, Tesla closed an important $1.7 billion stock offering to finance its new build plan for the Model 3. The capital raise was needed for Tesla to accelerate its production and achieve a rate of 500,000 cars in 2018 – two years earlier than previously planned.
The new plan is in response to the higher than expected demand for the Model 3. Tesla’s management was expecting 100,000 to 200,000 reservations at best, but the automaker already received over 373,000 reservations.
While Tesla already confirmed that some of the capital would be used for its operations, the company made it clear that most of the money would be put toward an expansion of the Fremont factory to increase production. Now we get a specific number for the expansion as Tesla is applying for a $106 million tax break with the state to help the project.
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Earlier this year, we reported on a new proposed bill in California to eliminate the sales tax on new cars manufactured in the state for out-of-state buyers. The bill aims to spur “industrial tourism” and encourage people to come pick up their new Teslas at the automaker’s Fremont factory without having to pay California’s sales tax.
The bill, which was proposed by Tesla and is sponsored by Sen. Bob Wieckowski whose district is home to Tesla’s Fremont factory, is now facing strong opposition as some legislators suggest it only aims at offering tax breaks to rich people able to afford luxury vehicles.
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As Tesla is looking to almost double its annual vehicle production every year for the next few years, it has to significantly increase its headcount, which currently stands at just over 15,000 employees. Now Tesla is reportedly set to go on a hiring spree this weekend to hire “hundreds” of “production assembly associates” at a “massive” job fair in Fremont, California, according to job listings.
Tesla recently confirmed that it is currently working on increasing its production plans to minimize the wait for the Model 3 following the storm of reservations it received for the $35,000 all-electric sedan – approaching 400,000 cars as of the latest update.
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Truly autonomous vehicles are poised to be an exciting technology, but as with any other technology, there are always regulatory hurdles to be cleared. As first spotted by public records sleuth Mark Harris, a bill working its way through the California legislature would require the state’s DMV to effectively legalize Google’s ambitions of having a driverless fleet of self-driving Koala cars…
Next week, the California Air Resources Board (ARB) will hold a public workshop on the FY 2016-17 Funding Plan for Low Carbon Transportation and Fuels Investments and AQIP. Under the current proposal, the Clean Vehicle Rebate Project (CVRP) would receive $230 million in funding through 2017.
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It’s difficult to get accurate delivery numbers for Tesla in the US since the company doesn’t disclose sales by market, but in California, which is Tesla’s biggest market in the US by far, we can follow state rebates for clean vehicles in order to get a good idea of Tesla’s growth in the state.
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Sen. Bob Wieckowski, whose district is home to Tesla’s Fremont factory, is sponsoring a bill which include a provision to eliminate the sales tax on new cars manufactured in California for out-of-state buyers. The new provision would allow Tesla to spur what the senator refers to as “industrial tourism” and maybe even create a program similar to BMW’s popular “European delivery” option.
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As the end of the year, and consequently the end of the fourth quarter, is getting closer, investors and analysts are debating whether or not Tesla can achieve its ambitious delivery goal of 17,000 to 19,000 cars in the last 3 months of the year for a total of 50,000 to 52,000 in 2015.
Achieving the lower-end of the guidance would mean a 46% quarter to quarter increase and a 73% increase over the same period last year. We’ve already reported on registration data for October and November for Tesla’s most important European markets, but now with more data coming from California and Denmark, as well as new information about the Model X and demonstration vehicles, it looks like Tesla is poised to achieve at least the lower-end of its guidance.
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The so-called “poaching war” for top automotive engineering talent between Tesla and Apple gathered quite a few headlines in the past months, especially after Tesla CEO Elon Musk called the Cupertino company the “Tesla Graveyard” for hiring people he claimed were “fired” by the company. But after looking closer into the recent hires between the two companies, it looks like Tesla has little to fear from Apple’s recruiting effort, at least if we compare it to Faraday Future’s.
Faraday Future took a small step out of ‘stealth mode’ earlier this summer to announce that it is looking for a location for a manufacturing facility to build an electric vehicle. In the months since, the 1-year old startup ramped up its hiring effort and now has over 400 employees with an impressive percentage coming from Tesla.
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These are obviously going to become more common in the coming weeks and months but as it stands now, this is quite a sight. All of the early Founder/Signature models are P90D with Ludicrous on board.
On Thursday, California’s Air Resources Board had a meeting and status update on the state’s ‘Zero Emission Vehicle’ (ZEV) program where industry actors expressed their views on the clean vehicle market and the ZEV credit mandate. During a presentation to the board, Tesla’s Vice President of Business Development Diarmuid O’Connell argued that lobbying efforts from automakers effectively delayed fuel economy in the U.S. by about 20 years.
He added that the automotive industry used similar lobbying tactics to delay the commercialization of Zero Emission Vehicles. He said the effort delayed the state of California’s initial 1998 goal of 2% market penetration by 16 years – Zero Emission vehicles only reached 2% of the market in 2014.
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Earlier this year, Advanced Microgrid Solutions (AMS) and Tesla Motors, under its ‘Tesla Energy division’, inked a massive 500 MWh supply deal for battery packs to power AMS’ “hybrid-electric buildings” concept. Today AMS announced a new project under the agreement with Tesla to install a first phase of Powerpacks at up to 24 office buildings owned by The Irvine Company, a real estate company with properties throughout coastal California.
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Fred did some excellent work sorting out the Model X pricing but I was surprised to hear that I’d be able to buy a Model X for $75K before incentives and $65K with…next year. But how does Tesla get to the $75K price point without going against CEO Elon Musk’s “Model S +$5000” pricing scheme? After all a Model S 70D is currently listed at $75,000.
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Tesla Motors released its delivery results today for July through September 2015 and confirmed that the company delivered 11,580 cars during the quarter. For the first time, the number includes two different models in the same quarter: Model S and Model X.
Presumably, only the 6 Model X’s delivered during the launch earlier this week are accounted for in the third quarter results, meaning Tesla delivered ~11,574 Model S’s beating its previous record of 11,532 units achieved during Q2 2015.
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SolarCity CEO Lyndon Rive and Chairman Elon Musk are officially announcing a new high-efficiency solar panel today at the Inside Energy conference. During an interview at the conference, Elon Musk was talking about his other venture, Tesla Motors, and he revealed that the recent launch of the Model X caused a big uptick in orders for Tesla’s other vehicle, the Model S.
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SolarCity announced today that it has built the most efficient rooftop solar module with 22% efficiency according to a third party tester: Renewable Energy Test Center. Until now, SunPower’s X-Series panel was considered the most efficient rooftop panel with 21.5% efficiency.
SolarCity CEO Lyndon Rive says that the new modules will produce between 350 to 360-watt compared to the company’s current 260-watt panels.
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Fisker Automotive announced today a name change to Karma Automotive, as well as a new logo (see above). The company was named after its co-founder and famed car designer, Henrik Fisker. Fisker resigned from the company during financial difficulties in 2013. The company filed for bankruptcy soon after. Then the Wanxiang Group, a Chinese auto parts conglomerate, bought the company’s assets out of bankruptcy for $149 million. They also picked up A123, a battery maker who at the time was supplying Fisker with battery packs before both companies went under.
Wanxiang has since been trying to relaunch the company and especially its flagship electric sedan, the Karma, hence the new name of the organisation.
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