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Thread: New Lower Priced Electric Cars Coming

  1. #121
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    Default Re: New Lower Priced Electric Cars Coming

    Number of the day: 1 million electric vehicles1 million-plus: That's the number of electric vehicles that are on pace to be sold in China this year, according to a Friday morning piece in the Wall Street Journal, up from 777,000 last year.
    Why it matters: Topping 1 million is a symbolic but interesting threshold that signals the coming mainstreaming of EVs, even though they remain just a tiny fraction of global auto sales.

    • China is the world's largest auto market, so trends there affect the plans of automakers worldwide.

    One level deeper: "The Chinese government is targeting 2 million EV sales in 2020, and is trying to achieve that with incentives as well as restrictions on gasoline-car purchases. China accounted for roughly half of all global EV sales in the first quarter of 2018," the paper reports.
    As a general rule the most successful man in life is the man who has the best information.

  2. #122
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    Default Re: New Lower Priced Electric Cars Coming

    Poll shows big EV potential despite doubts
    Data: Survey Monkey poll conducted May 22–24, 2018. Poll methodology; Chart: Chris Canipe/Axios
    An exclusive Axios/SurveyMonkey poll finds that even though most of the public is still wary of electric vehicles, EV sales have room to grow massively in the U.S. — because even the small percentages of people who say they're interested suggest a market far bigger than the current one.
    By the numbers: 14% of U.S. adults say they're either "extremely" or "very" likely to go electric with their next car purchase or lease, while a combined 62% said they would probably steer clear. Another 23% said they were "somewhat likely" to get an electric car.
    The big picture: Sales of pure electric and plug-in hybrid electric cars in the U.S. last year were close to 200,000 combined. That's a little more than 1% of the country's roughly 17 million auto sales.

    • That means if the preferences revealed in the survey begin translating into actual consumer behavior in coming years, sales that are already growing are poised to expand greatly.
    • “Those numbers actually tell us that, given the level of education of the market as it is now, there is still quite a lot of space to grow for electrification,” Bloomberg New Energy Finance analyst Salim Morsy tells Axios.

    Yes, but: There are still plenty of factors that can prevent pro-electric consumers from making the leap, including limits on vehicle availability in some regions and the number of models to choose from.
    Go deeper: We've got more polling results in the Axios stream.




    States ramp up electric vehicle efforts
    Thursday brought a burst of state-level actions to support wider deployment of EVs despite recent administration moves to lessen efficiency standards (h/t to Bloomberg).
    California: The state's public utilities commission approved $738 million worth of various charging infrastructure projects and initiatives by its three biggest power companies over five years, including:

    • SDG&E to provide rebates to residential customers to install up to 60,000 charging stations.
    • PG&E to install infrastructure in at least 700 sites to "support the electrification of at least 6,500 medium- or heavy-duty vehicles."
    • Why it matters: "The approved plans mark the state’s largest investment in electrification to date and build on smaller-scale utility-sponsored EV programs now underway," Greentech Media writes in this detailed piece.

    New York: The state announced a $250 million plan to expand charging infrastructure. Via AP, the plan includes up to 200 fast-chargers along highways and certain urban areas. And...

    • "The [New York] Power Authority is installing 400 public chargers at airports, train stations and municipal parking lots, and high-speed chargers are planned for Thruway service areas between New York City and Buffalo," AP reports.

    New Jersey: The state's big power company, PSEG, announced a $300 million EV infrastructure plan as part of its much larger, five-year, multi-billion dollar investment cycle, per northjersey.com.
    As a general rule the most successful man in life is the man who has the best information.

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