[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 delivered ~5,500 Model S worldwide in Q3, more than 1,000 to European customers; non-GAAP profit narrows and GAAP loss widens from Q2
November 06, 2013
In its third quarter results, Tesla Motors reported delivering about 5,500 Model S units worldwide, with more than 1,000 of those going to European customers. On a total unit basis, that exceeded the second quarter’s 5,150 models which went to the North America market. (Earlier post.)
CEO Elon Musk said that Tesla is continuing to expand production and plans to deliver slightly less than 6,000 Model S vehicles in Q4, which would increase total expected deliveries to 21,500 vehicles worldwide for 2013. The company is now producing 550 cars per week.
Ford takes lead with plug-in hybrid sales in US in October; 34% of market
November 05, 2013
|Monthly sales of plug-in hybrid electric vehicles in 2013 in the US. The Ford line (blue) represents combined sales of the Fusion and C-MAX Energi models. Click to enlarge.|
With a significant increase in monthly sales for each unit, Ford took the top spot in plug-in hybrid vehicle sales in October with the C-MAX Energi (1,092 units) and the Fusion Energi (1,087) units posting a combined 2,179 units for the month. This represented 34% of the total plug-in hybrid market
The combination of the two PHEV Energi models pushed Ford just beyond the second-place Prius PHV (2,095 units, for 33% of the market) and the third-place Volt (2,022 units, for 32% of the market.) The Honda Accord PHEV was a distant fourth (71 units.)
PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012
October 30, 2013
Global light vehicle assembly will reach 81.8 million units in 2013, representing a 3.3% year-over-year gain, according to Autofacts, PwC’s automotive analyst group. While there has been speculation around the long-awaited recovery of the European Union (EU), 2013 is poised to mark a turning point, setting the stage for recovery in 2014. This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy.
“Consumer demands and regulatory requirements are motivating the global automotive industry to push ahead with technological breakthroughs on a larger scale,” said Rick Hanna, PwC’s global automotive leader. “Innovation ranging from new investments in lightweight materials, advanced drivetrains and infotainment systems to fresh approaches in engaging customers, will continue to shape the industry. The automakers that effectively leverage high-tech advancements in vehicles, mobile devices and data analytics will likely gain a competitive advantage in this dynamic market.”
Musk says Tesla making significant investments in Germany: Superchargers, service centers and free tuning for better Autobahn performance
October 23, 2013
Elon Musk, co-founder and CEO of Tesla Motors announced that his company will make “a significant investment” in Germany, focused on expanding the Supercharger network, expanding the number of service centers, and high-speed tuning for the Model S for improved performance on the Autobahn.
Deliveries of Model S in Europe started this summer. Citing data from Germany’s Kraftfahrt-Bundesamt (KBA), a report in the International Business Times noted that Tesla had sold 98 Model S units in August and September. lagging sales of other EVs in the country. This performance is in contrast to Norway, where the Model S was the best selling vehicle of any model last month, and in the Netherlands, the car’s second-strongest Northern European market.
Tesla leads with transfer of ZEV credits for year ending 30 Sep 2013
October 17, 2013
|Tesla by far dominated the transfer of ZEV credits in California in 2012. Data: ARB. Click to enlarge.|
Between 1 October 2012 and 30 September 2013, electric vehicle manufacturer Tesla Motors transferred out 1,311.520 ZEV (zero emission vehicle) credits, according to the latest report by the California Air Resources Board (ARB)—by far, the largest of any automaker in the state. The next closest was Toyota, with 507.5 credits; Nissan only transferred 25 credits, and those generated from its PZEVs—not from the LEAF EV.
As of 30 September, Tesla still had a balance of 276.080 credits, according to the data; behind the six major automakers, who are mostly banking their credits.
Ford doubles electric drive market share in US from 2012 to 2013; surging with plug-in hybrids
October 04, 2013
|Ford’s changing share of the hybrid-electric, plug-in hybrid electric, battery-electric vehicle segments and total ED market in the US in 2012 and YTD 2013. Data: EDTA, Ford Motor. Click to enlarge.|
Ford Motor Company’s C-platform electric drive strategy has driven an increase in Ford’s overall electric drive market share (hybrid, plug-in hybrid and battery-electric) from 7.3% in calendar year 2012 to 14.7% for the first nine months of 2013.
Specifically, out of 487,480 electric drive units sold in 2012 (according to data from the Electric Drive Transportation Association), Ford accounted for 35,719 units (7.3%). From January through September 2013, total electric drive sales were 457,704 units (EDTA); Ford’s electric drive sales climbed to 67,232 units during that period (14.7%).
Ford builds 2-millionth EcoBoost engine, with take rates growing globally; expected to exceed Ford’s global diesel production
September 18, 2013
Ford Motor Company reported that it has built its two-millionth EcoBoost engine since the launch of the line in 2009. With customer demand exceeding its initial projections, Ford now expects EcoBoost production to exceed its global diesel engine production. More than 100,000 EcoBoost engines are now produced every month, with a target of 1.2 million for 2013, up more than 60% from 2012.
EcoBoost technology combines smaller overall size with turbocharging, direct injection and variable valve timing to deliver significantly improved performance and fuel economy. Ford says its EcoBoost engines deliver up to 20% better fuel economy than larger-displacement gasoline engines.
August sales of plug-in hybrids in US up 83% from July, up 65% y-o-y
September 06, 2013
|Monthly sales of plug-in hybrids in US. Data: EDTA, automakers. Click to enlarge.|
Sales of plug-in hybrid electric vehicles in the US in August reached 6,407 units—up 83% from the prior month and up 65% from results in August 2012. jumped 83% from the prior month to 6,407 units. The results marked the strongest monthly results to date for plug-in hybrids (i.e., not conventional hybrids, and not battery-electric vehicles.)
Sales were led by the Chevy Volt, with 3,351 units, up 18.4% from its August 2012 results of 2,831 units. Jan-August 2013 sales for the Volt were 14,994 units, up 11.1% from the same period in 2012. The Prius PHV put in a very strong second-place showing of 1,791 units in August 2013, up 65% from 1,047 units in August 2012. Its sales for the first 8 months of 2013 were 6,822 units, up 11.6% from the same period in 2012.
Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”
September 05, 2013
|Positioning the Rising 15. Source: Ricardo Consulting. Click to enlarge.|
A study by Ricardo Strategic Consulting has concluded that while sluggish automotive demand in Europe, Japan and North America will be balanced by the BRIC (Brazil, Russia, India and China) markets through 2020, thereafter the ‘Rising-15’ nations become the engine for profitable growth—assuming political stability.
Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam.
Top 15 Nissan LEAF markets in US in 2013
August 26, 2013
|Top 15 LEAF market year-to-date in 2013. Source: Nissan Click to enlarge.|
Nissan provided a list of the top 15 markets in the US for the Nissan LEAF battery-electric vehicle. Nissan LEAF sales in the United States are up by 335% year-over-year since the launch of the enhanced 2013 model in March. (Earlier post.) Nissan has sold 11,703 LEAFs in the US during the first 7 months of 2013—an increase of 230% from the 3,543 units for the same period in 2012.
Four of the top 15 markets are in California: San Francisco (1), Los Angeles (2), San Diego (7) and Sacramento (8). Another three are on the West Coast and in Hawaii: Seattle (4), Portland (5), and Honolulu (6).
Hybrids take 7% of California market in 1H 2013; PHEVs 0.7%; EVs 1.1%
August 17, 2013
|Hybrid, plug-in hybrid, and battery electric vehicle share of the California retail market. Source: California Auto Outlook. Click to enlarge.|
Hybrid vehicle market share (excluding plug-in hybrids) in California increased to 7% in the first half of 2013, up from 6.2% in 2012, according to the California Auto Outlook for the second quarter of 2013. Plug-in hybrid market share was an estimated 0.7%, while battery electric vehicle market share hit 1.1%. California Auto Outlook is sponsored by the California New Car Dealers Association.
For the first six months of 2013, hybrid registrations (excluding plug-ins), were 59,300 units; plug-in hybrids, 5,736 units; and battery electric vehicles, 9,708 units.
Tesla sold 5,150 Model S units in North America in Q2; non-GAAP profit $26M, GAAP loss $31M
August 08, 2013
Tesla Motors reported strong sales results for the second quarter, posting 5,150 units of the battery-electric Model S in North America, along with a significant improvement in automotive non-GAAP gross margin. Tesla had projected deliveries of 4,500 units.
Q2 revenues were $551 million on a non-GAAP (Generally Accepted Accounting Principles) basis and $405 million on a GAAP basis. While deliveries increased by 5% from Q1, overall revenues were flat due to an expected drop in ZEV credit revenue, falling to $51 million in the second quarter from $68 million in the first. On a non-GAAP basis, net income was 26 million or $0.20 per share, excluding one-time and non-cash items, and the effect of lease accounting. Including those, GAAP net loss for the quarter was $31 million or $(0.26) per share.
Ford says its own RWD hybrid system for pickups and SUVs to be ready “later this decade”
July 24, 2013
Following the conclusion of a collaboration with Toyota (earlier post), Ford is moving forward with the development of a rear-wheel-drive hybrid system on its own; the company says that it will have the hybrid system ready “later this decade” on rear-wheel-drive Ford pickups and SUVs. The new hybrid system will be based on an all-new architecture.
In August 2011, Ford and Toyota signed a memorandum of understanding (MOU) on the joint development of a new rear-wheel drive hybrid system for light trucks and SUVs. (Earlier post.) Following the completion of their feasibility study for collaboration, the two companies agreed to develop hybrid systems individually. Ford has been rapidly gaining share in the hybrid market in the US; Ford’s share of the US electrified vehicle market has grown to nearly 16% in the first half of 2013—a 12-point gain over last year.
Renault-Nissan sells its 100,000th electric car
July 23, 2013
The Renault-Nissan Alliance has sold its 100,000th electric car globally. Renault-Nissan has sold more zero-emission cars than all other major automakers combined, the automakers noted.
More than 71,000 people worldwide have bought Nissan LEAF, which made its debut in 2010; LEAF makes up more than half of all global sales of pure electric cars. More than 80% of LEAF buyers globally exchange cars from other automakers, making the LEAF one of the industry’s most innovative “conquest vehicles.” The majority of customers say the LEAF, which consumes no petroleum whatsoever, has replaced their conventional car for daily use.
Worldwide Prius sales top 3-million mark; Prius family sales at 3.4 million
July 03, 2013
Toyota Motor Corporation (TMC) announced that as of the end of June, worldwide cumulative sales of the Prius gasoline-electric hybrid vehicle (generations I, II and III) passed the 3-million mark. (The figure is based on worldwide cumulative sales through the end of May 2013 plus June sales in the US.) Total global Prius nameplate sales (the expanded Prius family) are at 3.436 million units.
TMC launched the Prius in 1997. The second generation followed in 2003, and the third generation in 2009. From the first to third generation, TMC greatly reduced the cost of the hybrid system by two-thirds and increased fuel efficiency from 28 km/L to 38 km/L (65.0 mpg US to 89.4 mpg US, as measured using the 10-15 test cycle of the Japanese Ministry of Land, Infrastructure, Transport and Tourism). In addition, TMC applied for 1,261 patents relating to the third-generation Prius.
EPRI: lifetime cost of ownership of plug-ins is roughly comparable with conventional vehicles
June 11, 2013
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). The study is based on pricing for the automotive products for the 2013 model year.
The baseline analysis relies on a cost-of-ownership model that examines only current vehicles; current fuel prices; and a relatively conservative set of customer values. In particular, the report analyzes the Chevrolet Volt and Nissan LEAF in comparison with a limited set of current conventional and hybrid vehicles. The EPRI analysis focused on the LEAF and Volt because the plug-in vehicles have been on the market the longest, have generated the greatest sales volume and provide data on real-world performance.
IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035
April 22, 2013
|Forecast by LDV scenario (millions). Source: IEE. Click to enlarge.|
Under its most conservative of scenarios, more than 5 million light-duty electric-drive vehicles will be on the road in the US by 2035, according to a new forecast by IEE, an institue of the Edison Foundation. According to the report, “Forecast of On-Road Electric Transportation in the US (2010-2035)”, this figure could increase to as high as 30 million EVs depending on advances in battery technology.
IEE developed three general scenarios for electric transportation: low, medium, and high. These scenarios provide projections based on EIA’s Annual Energy Outlook (AEO) 2012 Reference Case, advances in battery technology (e.g., improved battery chemistry that allows for faster and deeper charging and reductions in battery cell and other component costs), and oil prices increasing to $200 per barrel:
Toyota cumulative global hybrid sales pass 5M, nearly 2M in US
April 17, 2013
|Cumulative global sales of TMC hybrid models as of 31 March 2013. Click to enlarge.|
Cumulative global sales of Toyota Motor Corporation’s (TMC’s) hybrid vehicles—including plug-in hybrids—topped the 5 million unit mark as of 31 March 2013, reaching 5.125 million units. Of the global total, sales in the US have accounted for nearly 2 million units (1,951,243).
Last year, hybrid vehicles accounted for 14% of TMC’s global vehicle sales and 40% of its vehicle sales in Japan. As of this month, TMC sells 19 hybrid passenger car models and one plug-in hybrid model in approximately 80 countries and regions around the world. Between now and the end of 2015, Toyota will introduce 18 new hybrid models and expects global sales of its hybrids to be at least 1 million units a year in the same period. TMS forecasts that about one-third of those will be sold in the United States.
Tesla likely Q1 US PEV leader with 4,750+ sales in North America; Nissan surges with LEAF in March in US
April 04, 2013
With the US sales numbers for the first quarter of 2013 in, Tesla appears to be the leading seller of plug-in vehicles for that period, with more than 4,750 units of the model S sold in North America. (Earlier post.) (Tesla doesn’t break out sales by country at this time, so there are no US-specific figures from the company.)
GM posted sales of 4,244 Volt extended range electric vehicles in the US in the second quarter, representing an 8.4% increase year-on-year. March sales of the Volt in the US were weaker in March, with 1,478 units, compared to 2,289 units in March 2012, a decrease of 35.4%. (In Canada, GM sold 177 Volts in Q1, and 82 in March.)
Tesla reports Model S sales exceed Q1 target; Q1 profitability; 40 kWh pack cancelled
April 01, 2013
Tesla Motors reported Q1 vehicle deliveries of more than 4,750 Model S units—exceeding the 4,500-unit Q1 target provided in the mid-February shareholder letter. (Earlier post.) As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.
Tesla also announced that the small battery option for the Model S (earlier post) will not enter production, due to lack of demand. Only 4% of customers chose the 40 kWh battery pack, which is not enough to justify production of that version, the company said. The Model S originally offered three pack sizes: 40 kWh, 60 kWh and 85 kWh.
Ford increasing EV-certified dealerships in US to 900; 3,405 plug-in vehicles sold in total so far
February 06, 2013
Ford will have one-third of its US dealers in all 50 states—more than 900—certified to sell the Focus Electric battery electric vehicle (BEV) and C-MAX Energi and Fusion Energi plug-in hybrid electric vehicles (PHEVs) by spring. The 900 dealers represent about one-third of all Ford dealers in the US—triple Ford projections for the time frame—and are an increase up from 200 in November 2012, the second full month the C-MAX Hybrid and C-MAX Energi plug-in hybrids were available.
For January 2013, Ford reported sales of 81 Focus Electric battery-electric vehicles and 338 C-MAX Energi plug-in hybrid electric vehicles. Cumulative sales since market introduction for the Focus Electric (June 2012, except for 2 units delivered in January 2012) are 693 units; cumulative sales for the C-MAX Energi (October 2012) are 2,712 units, bring the total sales of plug-in vehicles to 3,405 units.
GM and Nissan lead in US plug-in sales in December; GM and Toyota for the year
January 04, 2013
|2012 US sales of plug-in vehicles by major OEMs. Click to enlarge.|
GM was the US sales leader among the major OEMs for plug-in vehicles in December, and for 2012. GM sold 2,633 units of the Volt extended range electric vehicle in December, up 72.2% by volume from 1,529 units in December 2011. For the year, GM posted sales of 23,461 Volts, up 205.8% from the 7,671 units in 2011, giving it a dominant lead among the major OEMs in the nascent plug-in vehicles market for the year.
Nissan North America, Inc. (NNA) posted sales of 1,489 units of the LEAF in December, up 56.1% from the 954 units the year before; calendar year sales for the LEAF were 9,819 units, up 1.5% from the 2011 results. While Toyota took second place for the year, with 12,750 units of the Prius PHV plug-in hybrid, it dropped to third place in December with 1,361 units of the PHV.
Pike Research forecasts hybrids and plug-ins to grow to 4% of European market in 2020
January 02, 2013
|Pike’s projected vehicle sales by electrified drivetrain, European markets: 2012–2020. Click to enlarge.|
Pike Research forecasts that electric vehicles—conventional hybrids (HEVs), plug-in hybrids (PHEVs) and battery-electrics (BEVs)—will grow from 0.7% of the market in Europe in 2012 to 4% in 2020. While that is still a small portion of the market, it represents more than 827,000 vehicles per year, Pike notes. The biggest growth is expected in BEVs followed by PHEVs, with HEVs lagging behind.
Pike Research forecasts that by 2020 more than 1.8 million BEVs will be on Europe’s roadways, along with 1.2 million PHEVs and 1.7 million HEVs.
Polk expects 2013 US new vehicle registrations to grow 6.6% to 15.3M; only slight improvement in hybrid category
|Polk light vehicle forecast through 2016. Data: Polk. Click to enlarge.|
New light vehicle registrations in the US in 2013 are expected to rise 6.6% over 2012 levels to 15.3 million vehicles, according to Polk, a global automotive market intelligence firm. At the same time, Polk analysts forecast North American production volumes to increase to the 15.9 million unit range (an anticipated 2.4% increase from 2012), driven by an improving economy and capacity expansion in the region.
According to Polk’s analysis, new vehicle introductions in 2013 will escalate significantly, with 43 new vehicle introductions in the US planned for the year, up nearly 50% over 2012 levels, along with 60 vehicle redesigns. While the number of available hybrid models in the US will also increase this year, Polk anticipates only a slight improvement in this category from its current level of approximately 2.9% of the overall market.
Cumulative global sales of Lexus hybrids pass half-million mark
December 21, 2012
From the sale of the first RX 400h in 2005 through to the end of November this year, Lexus has sold more than 506,000 of its hybrid vehicles. In 2005, 26,000 Lexus hybrids were sold; by 30 November this year the annual total was at 113,000. Today, hybrids account for about 25% of all Lexus sales. Cumulative global sales of all Toyota Motor Corporation (TMC)-produced hybrid vehicles—i.e., including the Lexus brand—since 1997 topped 4.60 million units at the end of October. (Earlier post.)
The RX 400h, launched in 2005, was the world’s first production full hybrid luxury SUV. Succeeded by the RX 450h in 2009, it has claimed the largest share of Lexus hybrid sales (51.2%), with 259,000 units sold through to November this year.
Pike Research updates xEV forecasts; projects Ford to lead US PEV market, followed by GM
Pike Research has published an update to its earlier forecasts on xEVs: hybrid (HEVs); plug-in hybrid (PHEVs); and battery electric vehicles (BEVs). As a result of new assumptions, Pike Research has slightly reduced its forecasts for plug-in vehicles (PEVs: PHEVs and BEVs combined) from past forecasts.
This reduction was driven largely by the slow growth of BEVs in the United States (the largest market for PEVs) in 2012 and the postponement of some vehicle launches, the research firm noted. However, Pike still anticipates 39% CAGR (compound annual growth rate) between 2012 and 2020. In contrast, the CAGRs for HEVs and the total vehicle market are estimated at 6% and 2%, respectively. Highlights of the forecast include:
German automotive companies launch “clean-diesel” marketing campaign in US
December 12, 2012
Six German automotive companies—passenger car manufacturers Audi, BMW, Daimler, Porsche and Volkswagen, and the supplier Bosch—launched their first joint campaign for diesels in the US. Under the slogan “Clean Diesel. Clearly Better.” they will argue for the advantages of modern diesel passenger car technology over gasoline engines in terms of cleanliness, consumption and performance.
The new vehicle market share of light-duty diesels in the US is quite low (2.6%) compared with a diesel share of 55% in Western Europe. However, sales of diesel passenger cars by German manufacturers—representing 100% of the market in diesel passenger cars in the US—have more than doubled over the last three years. In the first nine months of the current year, around 69,600 diesel cars were sold in the USA, compared to 30,600 for the same period in 2009.
Ford sold 1,259 C-MAX Energi plug-in hybrids, 179 Focus Electrics in November
December 04, 2012
Ford reported selling 1,259 units of the C-MACX Energi plug-in hybrid in November, with cumulative sales of 1,403 units including 144 units from October, when the vehicle went on sale. Ford also reported its best month yet for the Focus Electric, with 172 units sold, bring the total for the year through November to 518 units.
Those results place Ford, with total plug-in vehicle sales for the month of 1,431 units, behind Toyota, Nissan and GM—respectively first (1,766 units of Prius PHV); second (1,539 LEAFs); and third (1,519 Volts)—in plug-in vehicle sales for November. (Earlier post.)
Toyota takes the lead in US November plug-in vehicle sales; LEAF in second, Volt third
December 03, 2012
With Ford not having yet released the break-out of its C-MAX Energi plug-in hybrid sales for the month, Toyota is in the lead for plug-in vehicle sales from the major automakers in November in the US, posting 1,766 units of the Prius PHV plug-in hybrid electric vehicle. From January through November, Toyota has sold 11,389 units of the Prius PHV in the US.
For November, the Nissan LEAF edged past GM’s Volt, posting 1,539 units (up 129% from November 2011) to the Volt’s 1,519 (up 33.4% from November 2011). January-November sales of the LEAF are 8,330, down 4.5% from 8,720 for the same period last year. January-November sales of the Volt are 20,828 units, up 239.1% from 6,142 units for the same period last year.
Cumulative sales of Toyota Motor hybrids top 2M units in Japan, 4.6M worldwide; 1.02M from Jan to Oct. (corrected)
November 08, 2012
|Global annual sales of TMC hybrids. Data: TMC. Click to enlarge.|
Cumulative sales in Japan of Toyota Motor Corporation (TMC) hybrid vehicles—including plug-in hybrids—reached 2.04 million units as of 31 October. Globally, cumulative sales of TMC-produced hybrid vehicles since the first was launched in 1997 have now topped 4.60 million units, with 1.02 million selling from January 1 through October 31 this year.
Of the global 4.6 million units, the Prius family accounts for 3.3 million (71.5%): 2,804.9 million Prius; 224,000 Prius α (Prius v); 259,700 Aqua (Prius c). The hybrid model with the next highest cumulative sales is the Camry (317,200)—6.9% of the global total—followed by the RX 400h/RX 450h with 256,600 units (5.6%).