In recent months, sky-high mile-per-gallon ratings have been bandied about for some upcoming electric vehicles. Skeptics point out that swapping oil-based gasoline for coal-based electricity just moves pollution around, without reducing it much if at all. Perhaps the best apple-to-apples comparison is provided by the Mini Cooper electric and gasoline stable mates. We do the math.
Global automakers are racing to supply small cheap cars to the Indian market. But producing a quality vehicle at unprecedented low prices point is proving difficult. Problems have plagued Tata's Nano, currently the world's cheapest car at $2,500. Nissan's planned microcar, expected to sell for about $3,000, is due to arrive in 2012, a year later than planned.
With oil prices reaching record levels for the year—and potentially heading higher—the prospects for electricity-powered cars is also on the rise. Deutsche Bank said prices could surge to $100 a barrel in the next two quarters if the US dollar continues to weaken. Rising oil prices alone are not enough to ensure the future of electric cars—but there are clear signs of a massive transition to plug-in hybrids and electric cars.
The first mainstream cars that plug into the electric grid are not expected for another year—but the battle to provide charging and battery services to those early adopters is already heating up. The tension between two companies—General Motors and Better Place—which might provide those services was palpable on Monday during a panel discussion in Palo Alto, Calif., entitled “Electric Cars: Transformational Change or Niche Trend?”
Soaring demand for Volkswagen’s clean diesel Jetta Sportwagen TDI has left VW dealerships unable to keep up with demand. Waiting lists for the $24,000 vehicle—with MPG ratings of 30 city / 42 highway—are as long as 45 days in some Southern California dealerships. “We’re almost selling them off the trucks,” said Tom Wegehaupt, Volkswagen PR specialist, in an interview with HybridCars.com. “As soon as they’re on dealer lots, they’re gone.”
Toyota is in the midst of its worst downturn since the company was founded in 1937—but it’s raising the price of the 2010 Toyota Prius by about $400. This apparent contradiction appears to be part of Toyota's core turnaround strategy: pump up the volume on marketing, and lead with the Prius.
The smash hit IPO of lithium ion battery maker A123 Systems is sending waves of euphoria through the clean tech and plug-in car market. Mass.-based A123 Systems is now worth nearly $2 billion—indicating huge investor confidence in the future of electric cars, plug-in hybrids, and the batteries that make them go. Yet, A123 has yet to make a profit and faces significant hurdles to mass commercial success.
The single biggest factor determining the success or failure of high-tech fuel-efficient cars is not battery technology, legislation, tax incentives, new model introductions, or infrastructure. It’s gas prices. The price at the pumps is the elephant in the room when it comes to green cars.
For the past few months, Nissan-Renault has been tiptoeing around the idea of leasing the battery packs that power its upcoming electric cars. The goal is to assuage consumer worries about getting stung with the high cost of replacing an electric car battery if it fails or loses too much capability over the course of years. Nissan has not confirmed details, but recent comments from executives show that the company is seriously considering the idea.
The list of automotive brands showing electric or plug-in hybrids at the 2009 Frankfurt Auto Show reads like an auto industry A – Z: Audi, BMW, Citroën, Ford, Hyundai, Mercedes-Benz, Mini, Opel, Peugeot, Renault, Smart, Toyota, Volvo, Volkswagen…Are plug-in cars the latest fashion for an industry needing to green-up its image? Or is the EV revolution off and running?
