The Smart Fortwo is popular with city drivers that need to avoid $25 daily parking fees by fitting in spots to small for others. In 2010, 250 battery electric smart cars will be put on the streets of U.S. cities. Early in 2012, Smart plans to make over 10,000 Smart Electric Drives for sales globally and be a major player in urban electric cars. The new Smart Electrics deliver an 80-mile range per charge with a 16.5kWh lithium ion battery pack that consists of 18,650 Tesla format cells. Daimler owns Smart, Mercedes, and about 4 percent of Tesla.
Honda expands on all fronts with Hybrids, Plug-in Hybrids, and Electric Car. In 2011 Honda will introduce a new Civic Hybrid using a new lithium-ion battery from Blue Energy, a joint venture company between GS Yuasa and Honda. The Honda Fit Hybrid will be introduced. New battery-electric car and plug-in starts U.S. trails this year with fleets such as Google and Stanford University.
Tesla is the first to put 1,000 electric cars on the U.S. highways. Tesla skillfully partners with Toyota, Panasonic, and Daimler in lithium battery and drive system technology. The Roadster is battery-electric with a 240 mile range. The new Model S sedan will have up to a 300 mile range, far beyond the Nissan Leaf 100 mile range the Chevy Volt 40-mile electric range, and current ambitions of other electric car makers. Tesla will start delivering the Model S in 2012 from its new factory. Tesla Motors has purchased the former NUMMI factory in Fremont, California, that once employed over 4,000 workers in a Toyota-General Motors JV plant. Toyota agreed to purchase $50 million of Tesla’s common stock.
The Nissan LEAF will be the first to put over 10,000 freeway-speed electric cars on the road. It is a pure electric. This sleek 5-door hatchback seats five. My wife and I completed the online reservation for Nissan LEAF SL including our $99 refundable deposit. The electric range is 100 miles on the U.S. EPA LA4 city drive cycle. $32,780 or $349 on a 3-year Nissan Lease for the LEAF, plus serious tax breaks, puts this electric car in the reach of many drivers.
Nissan announced U.S. pricing for the 2011 Nissan LEAF electric car, which becomes available for purchase or lease at Nissan dealers in select markets in December and nationwide in 2011. Nissan will begin taking consumer reservations for the Nissan LEAF April 20. Including the $7,500 federal tax credit, the consumer’s after-tax net value of the vehicle will be $25,280. Additionally, there is an array of state and local incentives that may further defray the costs and increase the benefits of owning and charging. Nissan will also offer a monthly lease payment beginning at $349.
Nissan’s Tennessee assembly plant will have the capacity to build 150,000 Nissan LEAF electric cars per year, and 200,000 lithium-ion battery packs per year. Production starts in early 2013. The lithium packs could also be used in future Nissan hybrids. DOE Secretary of Energy Steven Chu announced the $1.4 billion loan agreement with Nissan North America.
100 Electric Cars will use V2G in 2010 – advancing smart grid charging and storage. The University of Delaware has signed the first license for its vehicle-to-grid (V2G) technology with AutoPort. The licensing agreement launches the first large-scale demonstration of the UD-developed V2G technology, which enables electric car owners to plug in their vehicles and send electricity back to electrical utilities. The system is designed to generate cash for the driver, while strengthening the nation’s power supply and reducing dependence on fossil fuels.
At the LA Auto Show, GM’s Bob Lutz highlighted big plans for the Chevy Volt. Toyota, owning 70 percent of the U.S. hybrid market, displayed the Prius Plug-in Hybrid Vehicle (PHV) along with a growing family of Toyota and Lexus hybrids. The Volt will have triple the electric range of the PHV. Toyota is the only car maker to have sold over one million hybrid cars in the United States. Health competition is a win for enthusiasts of plug-in vehicles.
The equity markets love the public offering of A123 (AONE). On the first day after being introduced to the market at $16.5 per share, 3 points above the IPO offering, the stock traded over 41 million shares that day to a high of over 20. It is now hovering in the mid 20s and still […]
President Barack Obama announced that automakers must meet average U.S. fuel-economy standards of 35.5 miles per gallon by 2016. This will be an exciting opportunity for automakers that already deliver vehicles that beat 35.5 mpg such as the Ford Fusion Hybrid, Toyota Prius, Honda Insight, Honda Civic Hybrid, and the Mercedes Smart Fortwo. You can buy these gas misers today.