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Really, the emphasis should shift to enforcing emission regs on semis and converting more of them to natural gas or whatever else they can come up with. Then they can hammer on the trains and ships and planes.
Cars are in pretty good shape.
Didn't help that the car looked like a mish-mash of early 90s Civic and Daewoo. It was a decade old at launch. $37 grand for that? You almost had to buy a Focus EV.
I'd love to see the list of assumptions the snake oil sales men are making when they come up with these proposals.
"The Rolls-Royce Phantom 102EX, an experimental car billed as the world's first battery-electric vehicle for the ultra-luxury segment, has been rejected by consumers, the automaker told Edmunds.
"We expected it to be better received, but no one wanted it," said Rolls-Royce CEO Torsten Muller-Otvos in an interview here on Monday.
The experimental car, which had been on tour as a "test bed" since its unveiling at the 2011 Geneva Auto Show, barely interested luxury buyers. They told Rolls-Royce they didn't like its range or recharging time."
These failures are examples of the basic EV problem: until there's a true battery breakthrough in cost/kw-hr of storage capacity (like a factor of 3 or more reduction), it's just too expensive to have enough range. They may make a great niche vehicle for commuting (but at a high cost, ignoring government (my) $$), but that's not a big market.
That top/left corner of the purple rectangle represents Prius sales.
"Just two companies, Honda and Toyota, have made most of the used hybrid cars, crossovers and SUVs. The majority bear a single nameplate: Prius. That's because Toyota's Prius is the best-selling hybrid by far in the U.S., accounting for about half of all hybrid sales since Day One, according to sales data compiled by Edmunds.com.
There now are about two dozen conventional hybrid models on the market, and almost every major automaker has one or more for sale. But many only started selling the gas-electric cars and trucks in the last two years. Those models don't have much presence in the secondhand car market yet."
Tips for Used Hybrid Car Shopping
LOS ANGELES -- Automakers are in the uncomfortable position of building mostly at a loss a class of small electric cars that garner a lot of attention but few sales just to satisfy rules imposed by one state, California.
As a result, they've acquired the name "compliance cars."
They include electric versions of such familiar models as the Chevrolet Spark, Honda Fit and Toyota RAV4.
Most are being produced primarily or solely to meet California's mandate that large automakers sell a percentage of zero-emission cars in order to sell traditional cars in the state. Hybrids and natural gas cars aren't considered good enough, and hydrogen fuel-cell cars are still a ways off, so battery cars are the quickest way to comply.
Last month, Chrysler Group CEO Sergio Marchionne said his company would limit production of the electric Fiat 500e because it will lose $10,000 on each. "Doing that on a large scale would be masochism to the extreme," he said.
Like many of the other such cars, the 500e will be sold only in California when it rolls out this summer.
The California rules apply to automakers that sell at least 60,000 vehicles a year in the state, which means the Detroit makers, plus Toyota, Honda and Nissan.
http://www.usatoday.com/story/money/cars/2013/05/09/electric-cars-compliance-car- s/2144853/
Sounds like Italian smog problems are getting worse too. (italymagazine.com). Maybe Sergio can make some money selling 500es in Verona.
So remind me, which side of "states rights" are we on this week?
Interesting question. When states rights interefere with personal freedoms I am not in favor. In the case of emissions it should be considered interstate commerce or EPA that administers. Air pollution knows no state boundaries. In this instance CA has done this before and it cost US all a lot of money. The EV-1 boondoggle comes to mind. CA has a history of social engineering using repressive tactics. How can you force people to buy these EVs that have very little practical value? Then penalize private companies when they do not sell enough to satisfy the mandate?
Your choices are clean cars, clean gas, high fuel taxes, mass transit, shut down the rails and ports and factories and power utilities. Makes you step back and take a deep breath and *cough* wonder.
We could all go Amish and use real horse power. I have fond memories of my time raising draft horses. Well except going broke in the process. Why is CA promoting pollution in other parts of the World to satisfy their misguided ideals.
"2013 is off to a strong start," wrote Tesla CEO Elon Musk in a letter to shareholders on Wednesday.
Tesla said it expects to exceed its prior target of 20,000 worldwide deliveries and feels comfortable raising guidance to about 21,000 deliveries.
"We also completed various deliverables under the Mercedes Benz B-Class EV program which contributed to total development services revenue of almost $7 million," Tesla noted in its shareholder letter."
Tesla Posts First Quarterly Profit
No thanks.
The people farming and using real HP seem to be doing well during this poor economy. They keep their farms spotless and don't have the huge payments on the big 4wheel drive John Deere. My problem was mixing the two and letting the modern farming deplete all my savings. I would try it again if I was younger and not so lazy.
"RECENTLY, CAPITALISTS were scandalized when Fiat and Chrysler Group Chairman Sergio Marchionne revealed that his company loses $10,000 apiece on the Fiat 500e, an electric retrofit of the wee-posh 500 built solely to satisfy California's zero-emission vehicle mandate and sold, for now, only in the Golden State. This sickening perversion of market forces—whereby a tiny fraction of a company's profits are used to mitigate harm caused by its products—was labeled "masochism" by Mr. Marchionne.
Yeah, well, tough. It's the cost of doing business in the biggest vehicle market in the U.S., and a plain-fact acknowledgment that the automobile has public costs—impacts on air quality, climate and health, infrastructure, injury and death. Lest we forget. You can take issue with California's zero-emission vehicle methodology, and you can reach different conclusions with regard to electric vehicles' value to consumers; but it's inarguable that car companies have an obligation to clean up the mess they make."
I suppose you could make that argument about most everything we buy. What is the total impact of the iPhone on the Planet? Or the Solar panels and wind generators? And don't get me started on GMOs and Ethanol.
If we become entwined in the World GW move, why don't we create emissions standards for all the automakers. So they don't have to engineer for every Tom, Dick and Moonbeam?
http://youtu.be/bXEddCLW3SM
CR's endorsement may give a number of wealthy fence sitters sufficient confidence to buy a new Model S, especially now that they have some assurance regarding depreciation.
While I won't have a Tesla in my garage any time soon, I'm not as dismissive of this car as I had been. Also, I'd be inclined to wait for the introduction of a more mass market model than the S.
As for California, no automaker's CEO is so ignorant that he doesn't know that California has the 8th largest economy in the world. :surprise:
One isn't marketing to a state, one is marketing to a country, so to speak.
Will Teslas be competitive without government assistance and tax subsidies?
But subsidy in the market place is not a new idea....I mean directly or indirectly gasoline and mortgage payments are "subsidized", through tax breaks for instance.
There are still too many "What Ifs" to judge the future of pure electric cars like the TESLA.
What if gasoline goes to $10 a gallon
What if there is a huge breakthrough in battery technology, driving efficiency up and cost down
blah, blah
Some folks compare Tesla to say Tucker but I don't think that's fair, because the Tucker was not a well-sorted product, but I have to say the Tesla seems every bit as good a car as a BMW or Audi or Lexus.
As for California "pushing pollution to other states"----well, that is true of anyone using an electric car anywhere in the USA.
In Texas, for instance, your electric car would actually be powered by natural gas, being burned....somewhere....
Actually flywheel technology isn't out of the question as part of hybrid tech.
Wind farms get pass on eagle deaths
I think so...this is a $90k car once you equip it, $7500 makes little/no difference at that price.
Also, it's price competitive with flagships from BMW & Mercedes.
A Volt costs $40k, while the Cruze costs half as much. Volt is even based on the Cruze, only smaller, 4 instead of 5 seats.
So in that segment the EV costs 100% more to make.
Tesla costs the same as other flagships, not any more.
Here's the CR review. 99 pts makes it the best scoring vehicle ever:
http://youtu.be/458TLFRkAlk
Here's a sit down with the senior editors, they list some of the reasons they like it. Like shifty said, it's a good car, period. Not just a good EV.
http://youtu.be/EXP4Do1xPGk
The oil spill fines are a different matter--that was just carelessness. But electrocution of eagles or vega-matic-ing them is another type of consideration.
Having a fondness for owls, I know that a pair of mating owls can easily gobble up over 600 rodents while hatching their young, so wiping out all the eagles in the world might not be a great trade-off for energy independence. It's really a subject beyond my knowledge.
Interesting to think about though. Not something we see in the electric car ads, now is it?
I should be in marketing.
http://youtu.be/MoqOYACbFjI
Tesla’s biggest windfall has been the cash payments it extracts from rival car makers (and their customers), via its sale of zero-emission credits. A number of states including California require that traditional car makers reach certain production quotas of zero-emission vehicles—or to purchase credits if they cannot. Tesla is a main supplier.
A Morgan Stanley MS +0.41% report in April said Tesla made $40.5 million on credits in 2012, and that it could collect $250 million in 2013. Tesla acknowledged in a recent SEC filing that emissions credit sales hit $85 million in 2013′s first quarter alone—15% of its revenue, and the only reason it made a profit.
Take away the credits and Tesla lost $53 million in the first quarter, or $10,000 per car sold. California’s zero-emission credits provided $67.9 million to the company in the first quarter, and the combination of that state’s credits and federal and local incentives can add up to $45,000 per Tesla sold, according to an analysis by the Los Angeles Times.
It’s all just another government scam aiding special interests. Crony capitalism at its worst.
http://www.calwatchdog.com/2013/05/26/tesla-just-a-tax-funded-government-project- /?utm_source=twitterfeed&utm_medium=facebook
Also keep in mind that government and private capital are teaming up on projects. Many of these companies one reads about are by no means getting all their capital from government.
Right now, Green Tech is more about "progress" than "BoomTown". Tesla has a plausible business model and a good product; Fisker did not.
That's what we would like to think, but data mining shows otherwise:
...them except Solyndra, but we haven’t.
Evergreen Solar
SpectraWatt
Solyndra (received $535 million)
Beacon Power (received $43 million)
AES’ subsidiary Eastern Energy
Nevada Geothermal (received $98.5 million)
SunPower (received $1.5 billion)
First Solar (received $1.46 billion)
Babcock & Brown (an Australian company which received $178 million)
Ener1 (subsidiary EnerDel received $118.5 million)
Amonix (received 5.9 million)
The National Renewable Energy Lab
Fisker Automotive
Abound Solar (received $400 million)
Chevy Volt (taxpayers basically own GM)
Solar Trust of America
A123 Systems (received $279 million)
Willard & Kelsey Solar Group (received $6 million)
Johnson Controls (received $299 million)
Schneider Electric (received $86 million)
That’s 19 (that we know of so far). We also know that loans went to foreign clean energy companies (Fisker sent money to their overseas plant to develop an electric car), and that 80% of these loans went to President Obama’s campaign donors.
GREEN SCAM: 80% of Green Energy Loans Went to Obama Donors – 19 Companies Went Bust (Video)
2014 Malibu 2LT, 2015 Cruze 2LT,
If you come across any credible critical data, I'd be happy to discuss it with you. I don't care for skewed politicized rants posing as "news".
First, it's important to note that subsidies for clean energy still lag far behind the public money that goes toward oil, coal and natural gas projects.
Secondly, the failure rate for VCs in the private sector, say Silicon Valley, is probably no better.
Third, some of the investments on your list are loans, not grants. They get paid back.
Last of all, we can no more achieve energy independence and combat global warming using only "private investment" than we could have won World War II using private capital.
LONGTERM---you gotta thing LONGTERM....don't think 2013, think 2050!
No different from the energy and military-industrial supplier crooks who encouraged a lie-based war for profit during the previous regime. Looks like all that stuff adds up to about what is spent on Israel alone. In one year. Year in year out for almost twice as long as I've been alive. We know who profits from that. And aid to similarly petulant and ungrateful places (Pakistan et al) is the same, along with the policeman ideal. It's not just ego, it's profit for some.
IMO, the breaks and subsidies for these vehicles need to be cut off at a certain price point, say 50-70K. Trickle down doesn't really work. It just becomes public subsidization of private gain.
You mean those companies didn't get that money?
>skewed politicized rants posing as "news".
Those "loans" won't be repaid for most of the 19: those are the ones that went "bust." I find it's odd that the Volt is on there. GM did go bust, sort of, but the loan for it likely will be repaid, eventually, long long eventually. Well, maybe never.
2014 Malibu 2LT, 2015 Cruze 2LT,
There are so many errors in the article that it becomes a waste of time--it's like correcting somebody's homework.
There are plenty of politically-neutral "actual" news articles on this subject that we could explore together.
That would be nice to see. I don't know of a single politically neutral news source in this country. At least no major news source.
This seems to show little bias.
http://www.judicialwatch.org/blog/2010/08/new-report-lists-more-stimulus-waste-0- /
Pretty funny...
reminds me of the "When did you stop beating your children?" headline......
I think there must be some dignified economic journals where we could get solid, sane information, with all the various nuances needed to help us fully understand a complex issue. The "government is evil" routine is tiresome to me.