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[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]

Tesla delivers record 7,785 Model S units worldwide in Q3; non-GAAP net of $3M, GAAP loss of $75M

November 06, 2014

Tesla reported third-quarter global deliveries of 7,785 Model S units, despite a factory shutdown in July; this included the highest ever peak deliveries in a single day of 907 vehicles. The majority of Q3 delivers were in North America. (Tesla does not fully break out its sales by country, nor does it provide monthly sales reports.) The company also reported that Model X deliveries would start in Q3 2015, later than the previously revised target.

Based on orders since the introduction of Dual Motor all-wheel drive and “Autopilot” (earlier post), Tesla management said it was confident of a 50% increase in both net orders and deliveries for Model S alone in 2015. While Tesla is not planning major platform changes to the hardware in the near term, there will be several “significant” over-the-air software releases that add functionality.

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ICCT study finds state EV incentives playing a significant role in driving sales

October 31, 2014

A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales.

As described in their white paper, “Evaluation of state-level US electric vehicle incentives”, the researchers found that some of the states with the largest electric vehicle incentives—i.e., California, Georgia, Hawaii, Oregon, and Washington—have electric vehicle sales shares that are approximately 2–4 times the national average. A statistical regression revealed that the total monetary benefit to consumers from state incentives significantly positively correlates with BEV sales when all 50 states and the District of Columbia are included.

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Ford projects utility vehicles to account for 29% of its global sales by end of decade

October 30, 2014

Ford projects utility vehicles will account for 29% of its global sales by the end of the decade. Ford utility vehicles—ranging from the compact EcoSport to the eight-seat Expedition—accounted for 23% of brand sales globally in 2013, up from 17% a year earlier.

Utility vehicle sales are expanding rapidly in many of the world’s fastest-growing markets according to a Ford analysis of data from IHS Automotive, which forecasts market information and competitive data on the automotive industry. Worldwide demand for utility vehicles is up 88% since 2008, making SUVs the fastest-growing segment. Utilities now account for 19% of the global automotive market, with the segment expanding at more than three times the rate of the vehicle industry overall.

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8 ZEV states announce US ZEV sales top 260,000 units

October 23, 2014

Representatives of an eight-state partnership to develop and to support the market for zero emission vehicles (ZEVs) joined California Air Resources Board Chairman Mary D. Nichols in Diamond Bar, California to announce that sales figures from around the country now show ZEV sales of more than 260,000 vehicles, with the quarter-million mark reached in September.

In October 2013, the 8 states signed a memorandum of understanding to take specific actions to put 3.3 million ZEVS on the roads in their states by 2025 (earlier post); the partners released a ZEV Action Plan in June 2014 (earlier post). Californians have purchased or leased more than 100,000 ZEVs. The other seven states—Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont—account for more than 135,000 vehicles.

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Nissan leads with transfer of California ZEV credits out for year ending 30 Sep 2014

October 17, 2014

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Nissan led with California ZEV credit transfers out during the last report period. Click to enlarge.

Between 1 October 2013 and 30 September 2014, Nissan transferred out 663.6 ZEV (zero emission vehicle) credits from its balance account, according to the latest report by the California Air Resources Board (ARB)—just edging out Tesla with 650.195 credits. The next closest was Fiat, with 235.2 ZEV credits transferred out; followed by Ford with 38.738.

This latest credit balance report reflects ZEV regulation compliance through model year 2013, representing a total of 3.5 million vehicles including: more than 500 fuel cell vehicles; 38,000 battery electric vehicles; 29,300 neighborhood electric vehicles (NEVs); 30,000 plug-in hybrids; 570,000 hybrids; and 3 million gasoline vehicles. As of September 2014, more than 100,000 ZEVs and plug-in hybrids are on California roads.

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Worldwide sales of Toyota Corp. hybrids top 7 million; Prius family accounts for 67.8%

October 14, 2014

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TMC cumulative hybrid sales by year. The blue bar represents the running cumulative total, the green bar the hybrid sales for each year. Click to enlarge.

Cumulative global sales of Toyota Motor Corporation’s (TMC) hybrid vehicles has exceeded the 7 million unit mark as of 30 September, reaching 7.053 million units. This latest million-unit milestone was achieved in the fastest time yet for Toyota, taking just nine months.

As of this month, Toyota sells 27 different hybrid passenger car models and one plug-in hybrid model in more than 90 countries and regions. The Prius family with all its variants accounts for 67.8% of all TMC hybrids sold through 30 Sep: 4.778 million units.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

October 12, 2014

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Ratings of buyer satisfaction with the new vehicle purchase experience by phase of the purchase process from 2013 SSI buyer index scores. Source: ICCT. Click to enlarge.

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. A fundamental problem appears to be divergent expectations regarding the level of support buyers receive from dealerships.

In a new working paper, the team contends that PEVs require innovation in how these products are retailed to customers as well as demanding changes in consumer behavior and relying on new support infrastructure. While the diversity of the dealer community could foster innovation in retail activities, the same diversity could also hinder the quality and pace of diffusion amongst dealers. This, in turn, the team suggests, could—through a sub-par purchase experience—hinder the quality and pace of the adoption of plug-in vehicles by customers. This dynamic may have repercussions for achieving ZEV targets and potentially other regulatory objectives, they note.

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Chrysler’s Ram Truck increases EcoDiesel mix to 20% of Ram 1500 production; double expectations

September 30, 2014

Chrysler’s Ram has decided to increase the 3.0-liter V-6 EcoDiesel powertrain mix to 20% of the total Ram 1500 production volume—double the initial expectation. The EcoDiesel delivers 240 hp (179 kW), 420 lb-ft (569 N·m) of torque with up to 9,200 pounds (4,173 lbs) of towing capability and 28 mpg highway (8.4 l/100 km) in the full-size half-ton pickup. (Earlier post.)

When the Ram 1500 EcoDiesel opened for orders earlier this year, Ram Truck received more than 8,000 requests within three days, which quickly filled the initial allocation for the powertrain.

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Study finds solo hybrid drivers in California HOV lanes amplify congestion, create up to $4,500 per car in adverse social costs annually

Allowing single-occupant low-emission cars in California to use high-occupancy vehicle (HOV) lanes on congested highways exacerbates the congestion and causes up to about $4,500 per car in adverse social costs annually, including increased commute times and carbon dioxide emissions, according to a new study in the American Economic Journal: Economic Policy.

The authors, from Cornell University, University of Colorado, UC Irvine and UC Berkeley, calculated that the Clean Air Vehicle Stickers (CAVS) policy results in a best-case cost of $124 per ton of reductions in greenhouse gases; $606,000 per ton of nitrogen oxides reduction; and $505,000 per ton of hydrocarbon reduction—exceeding those of other options readily available to policymakers.

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Tesla reports Q2 non-GAAP net of $16M, GAAP net loss of $62M

August 01, 2014

For the second quarter for 2014, Tesla Motors reported non-GAAP net income of $16 million and a GAAP net loss of $62 million. Tesla includes both GAAP and non-GAAP financial information because it plans and manages its business using non-GAAP information. Non-GAAP financials exclude stock-based compensation and non-cash interest expense, while adding back the deferred revenue and related costs for cars sold with a residual value guarantee or similar buy-back terms.

Non-GAAP revenue was $858 million for the quarter, up 55% from a year ago, while GAAP revenue was $769 million. Automotive revenue for Q2 included $23 million of powertrain sales to Daimler and Toyota, reflecting the start of production deliveries to Daimler for the Mercedes-Benz B Class Electric Drive and the wind down of sales to Toyota for the RAV4 EV.

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Study finds testing the technology the strongest initial motivation for fleet managers adopting EVs

July 25, 2014

According to a report from Frost and Sullivan (Kumar, 2013), fleet managers adopted more than half of EVs sold globally up to 2013. A new study of factors influencing fleet managers’ adoption of electric vehicles has found that testing new technologies was the strongest driver of initial EV adoption, followed by lowering environmental impacts; government grants; and improving the organization’s public image. Thereafter fleet managers adopted or indicated an intent to adopt a larger number of EVs because of the benefits that they offer.

The study by William Sierzchula at Delft University of Technology, published in the journal Transportation Research Part D, used fleet manager interviews and pilot project report to investigate 14 US and Dutch organizations that adopted EVs from 2010 to 2013 to determine which factors influenced their purchase decisions. In addition, Sierzchula also analyzed the reasons why these same firms did or did not expand their EV fleets.

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California online dashboard provides information about PEV buyers; importance of incentive funds, $130M from California paid out to date

June 15, 2014

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Survey results show the importance of incentives in PEV purchases. Click to enlarge.

A new online tool published by the California Air Resources Board (ARB) and California Center for Sustainable Energy offers the general public, researchers, policymakers and stakeholders the opportunity to learn about who is buying plug-in electric vehicles (PEVs) in California, and why. The online “EV Driver Survey Dashboard” offers multiple approaches to analyzing the data provided by a survey of those who received rebates for purchasing PEVs.

The dashboard gathers data from California plug-in electric vehicle drivers, providing monthly updates of market data on a variety of demographic and behavioral topics. The survey data sample represents CVRP applicants who purchased their vehicle between September 2012 and April 2014. Surveys were collected between October 2013 and May 2014.

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New passenger vehicle diesel registrations in US up 11.5%, hybrids up 65% from 2010-2013; diesel 2.5x hybrids

June 05, 2014

New registrations of all types of diesel passenger vehicles—passenger cars, light-duty trucks, vans, SUVs and heavy-duty pickup trucks (> 8,500lbs gvwr)—increased 11.5% (from 6,337,460 units to 7,068,439), and registrations of hybrid-electric passenger vehicles increased 65% (from 1,717,601 units to 2,826,885) from 2010 through 2013, according to a new analysis and supporting data released by the Diesel Technology Forum. Diesel registrations were 2.5 times those of hybrids over the period, according to the data.

When looking only at cars and SUVs over that period, diesel registrations in the US increased 30% from 640,779 units to 833,324 units; registrations of hybrid cars and SUVs climbed 65% from 1,714,966 units to 2,821,599. Hybrid car and SUV registrations were 3.4 times those of diesel cars and SUVs.

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Tesla delivers 6,457 Model S cars worldwide in Q1; GAAP net loss of $50M, non-GAAP net of $17M

May 08, 2014

During the first quarter of 2014, Tesla Motors produced a record 7,535 Model S vehicles for global delivery; the company also delivered 6,457 cars worldwide—slightly exceeding guidance—while also filling the pipeline of deliveries into Europe and Asia. North American net orders grew sequentially by more than 10% in the quarter. Tesla delivered 1,181 cars with a resale value guarantee (RVG) in Q1.

Non-GAAP revenue was $713 million for the quarter—up 27% from a year ago, while GAAP revenue was $621 million, up 10.5% year-on-year. Q1 non-GAAP net income was $17 million—up 10.3% from Q1 2013 results—while Q1 GAAP net loss was $50 million, compared to Q1 2013 GAAP net income of $11.4 million. Both results include a $6.7 million net gain from a favorable foreign currency impact. (Tesla continues to report both GAAP and non-GAAP results.)

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ICCT study details differences in fiscal policies to support uptake of EVs across 11 major markets

May 06, 2014

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2012 and 2013 market share vs. per-vehicle incentive for battery-electric (BEV) and plug-in hybrid electric PHEV (where applicable, only company car market incentives shown here). Source: ICCT. Click to enlarge.

The International Council on Clean Transportation (ICCT) has published a new white paper detailing the differences in the fiscal policies used to support electric vehicle sales across eleven major auto markets. Tax exemptions and subsidies are playing a key role in spurring electric vehicle markets, but in widely divergent ways, the report by Peter Mock and Zifei Yang finds.

The ICCT study is the first to evaluate the response to fiscal incentives in 2013 to incentivize the purchase of plug-in electric vehicles in major vehicle markets worldwide. It offers a synthesis of wide-ranging sales data, national taxation policy information, and direct electric vehicle purchasing rebates to analyze the link between government policy and electric vehicle sales. To do so, it focuses on two representative vehicles, the Renault Zoe battery-electric vehicle (BEV) and the Volvo V60 plug-in hybrid electric vehicle (PHEV).

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CFA analysis shows more than 50% of current year LD models in US get more than 23 mpg

April 29, 2014

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Change in market share for different vehicle categories. Source: CFA. Click to enlarge.

For the first time, more than 50% of the current year’s light-duty (LD) vehicles in the US get more than 23 mpg (10.2 l/100 km), according to an analysis by the Consumer Federation of America (CFA). CFA selected 23 mpg as a benchmark for this analysis because it is the EPA fuel economy label equivalent to the 30.6 mpg (7.7 l/100 km) overall corporate average fuel economy (CAFE) requirement for 2014. Five years ago, only 19% of models got 23 mpg.

CFA categorized 1,099 2014 passenger vehicle models into 10 different fuel economy rating categories. 11.6% of the models deliver more than 30 mpg (7.8 l/100 km), up from 1.6% five years ago. For the first time, there are no 2014 models getting below 13 mpg (18.1 mpg US).

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Navigant: US to remain largest national plug-in vehicle market over next 10 years; Tokyo to take metro market lead spot from LA

April 24, 2014

Navigant Research forecasts that the United States will remain the largest national market for light-duty plug-in electric vehicles (PEVs) during the next 10 years, with LD PEV sales exceeding 514,000 in 2023. Currently, North America is the strongest market for light duty PEVs with nearly 100,000 sold in 2013, according to the market research firm. Japan is a distant second, with just under 30,000 sales, followed by the Netherlands (more than 23,000) and China (more than 17,000).

Navigant Research forecasts that the global LD PEV market will grow at a compound annual growth rate (CAGR) of 24.6% while the global market for LD vehicles will grow at a CAGR of only 2.6% during that period. Navigant Research estimates the US PEV market will grow at a compound annual growth rate (CAGR) of 16.3% between 2014 and 2023. Canada, which is about 1 year behind the United States in terms of vehicle availability, is expected to have a CAGR of 25.4%, reaching more than 66,000 vehicles in 2023.

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ZSW: more than 400,000 plug-in cars on road worldwide at beginning of 2014; 2x 2013

April 01, 2014

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Accumulated number of xEVs in leading global markets. Annual growth rate over the past three years is more than 100%. Click to enlarge.

At the beginning of 2014, there were more than 400,000 electric cars—battery-electric, plug-in hybrid, and range-extended electric vehicles—on the road worldwide, according to an analysis by Zentrums für Sonnenenergie- und Wasserstoff-Forschung Baden-Württemberg (ZSW) in Germany. This represents a doubling from 2013, according to ZSW.

According to ZSW, the number of registered electric vehicles worldwide has increased at an annual rate of more than 100% over the last three years. At the beginning of 2012, nearly 100,000 of the cars were on the roads worldwide. This rose year later to a total of 200,000, and then to 405,000 units earlier this year.

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BYD’s Qin plug-in hybrid the best selling automotive EV in China

March 21, 2014

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2nd-generation Dual Mode (DM II) plug-in hybrid system of the Qin. Click to enlarge.

BYD’s second-generation Dual-Mode, plug-in hybrid electric sedan Qin has posted a second month of strong sales in February. Trends in March now make it “China’s Best-Selling Electric Vehicle” according to China’s National Passenger Car Association. In the first weeks of 2014, more than 6,000 Qin vehicles were sold, accounting for more than one-half of the Chinese new-energy vehicle market.

Analysts are not expecting sales to slow, as both Shanghai and Beijing announced earlier this month that they will now permit BYD new energy vehicles to qualify for local municipality green-vehicle incentives and be licensed in those regions.

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Toyota Europe hybrid sales up 43% year-on-year in 2013; almost 18.5% of total TME sales, 28% in W. Europe

March 04, 2014

At the Geneva Motor Show, Toyota Motor Europe (TME) announced that European sales of hybrid vehicles reached an all-time high in 2013 totaling 156,863 units, up 43% year-on-year. Hybrid models now represent 18.5% total TME sales, including several countries outside of the EU. In Western Europe, 28% of all Toyota and Lexus vehicles sold are hybrid models.

In 2013 total Toyota Motor Europe sales reached 847,540 vehicles, an increase of 9,569 units from 2012, equalling a 0.2 percentage point share gain to 4.7%. This progress is mainly due to the excellent sales performance of hybrid models.

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Honda to end production of the Insight hybrid, commits to the expansion of hybrid offerings in the US

March 01, 2014

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Annual sales of the second-generation Honda Insight. Data: Honda. Click to enlarge.

Honda announced that while the US model Insight will be available at dealerships in the US through the end of the year, production of the hybrid will end in summer 2014.

Honda said the move reflects its reinforced commitment to a clear product strategy focused on further advancing fuel-efficient and alternative-fuel vehicle technologies that are better aligned with customer needs and that strengthen the company’s US sales momentum. The Insight, introduced in 2009, had posted steadily decreasing sales, from a high of 20,962 units in 2010 down to 4,802 units in 2013.

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Tesla shipped 6,892 Model S units in Q4 2013, 22,477 full year; battery Gigafactory announcement next week

February 20, 2014

Tesla Motors announced record deliveries of 6,892 Model S vehicles worldwide in the fourth quarter of 2013, with 22,477 vehicles in the full year. For the quarter, non-GAAP revenue was $761 million, up 26% from Q3. GAAP revenue for Q4 was $615 million, up 43% from Q3. Q4 non-GAAP net income was $46 million, or $0.33 per share, while Q4 GAAP net loss was $16 million or $(0.13) per share.

The differences between GAAP and non-GAAP are primarily due to lease accounting for resale value guarantee (RVG) and employee stock-based compensation as a result of the increase in stock price last year. The results show Tesla moving closer to break-even or profitability even on a GAAP basis. (GAAP net loss per share for the quarter ending 30 Sep 2013 was $(0.32), and for Q4 of 2012, $(0.79). For the full 2013 calendar year, net loss per share $(0.62), while for all of 2012, it was $(3.69).

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Worldwide sales of Toyota hybrids top 6 million units

January 15, 2014

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Annual global sales of TMC hybrids. Click to enlarge.

Cumulative global sales of Toyota’s hybrid vehicles topped the 6 million unit mark as of 31 December 2013, reaching 6.072 million units. The latest million-unit milestone was achieved in the fastest time yet for Toyota, taking just nine months.

As of this month, Toyota sells 24 hybrid passenger car models and one plug-in hybrid model in approximately 80 countries and regions around the world. Within the next two years, Toyota will launch a total of 15 new hybrid vehicles worldwide, including the new Harrier Hybrid in Japan on 15 January and the new Highlander Hybrid in the United States in the near future.

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