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Herick Fisker is back again after his original company succumbed to bankruptcy in 2014. Now as Fisker, Inc., the latest vehicle he is showing is an electric crossover concept. While we have a picture, the technical details are light. The EV will be priced near $40,000 and have a 300 mile range. Powered by an 80 kWh enhanced lithium-ion battery, there will be rear-motor rear wheel drive and optional dual motor all wheel drive available. Fisker is planning on the not-yet-named SUV in late 2021, just about a year after the Tesla Model Y is due to hit the market. Fisker is planning on a Telsa-Like online only sales model with "nationwide concierge service". View full article

We've known for some time that both Tesla and General Motors would soon be reaching the 200,000 sales mark for electrics, meaning that $7,500 tax credit would begin phasing out. Yesterday, we reported Tesla cut prices on their 2019 model year vehicles to soften the blow. But what about GM? A source told Reuters that GM hit the 200,000 model milestone during the fourth quarter of last year - most likely happening in December. This begins the 15-month phase-out which will see the credit drop to $3,750 in April, $1,875 in October, and then disappear next April. GM declined to comment about this, but we're likely to find out later this morning as the company will be announcing fourth-quarter sales. Source: Reuters View full article

It is no secret that Bentley is working on an electric vehicle. What has been unclear is when said vehicle is expected to launch. Recently, Automotive News Europe had a sit-down with Bentley CEO Adrian Hallmark where he revealed that electric cars are seen "as another growth opportunity in a five- to 10-year period." Why the long period? "The problem is, with the size of our vehicles and the frontal area we push through, current battery-power density limits the size of the car with a credible driving range. The Jaguar I-Pace is the perfect-size car for the battery technology, but it’s too small for us. It’s all driven by power density of the battery, but there’s nothing industrialized in the supply chain before 2023-2024-2025. Only then does it open up the size of the vehicle and the category you can make a credible battery-powered car," said Hallmark. Hallmark wouldn't say what Bentley's full-electric vehicle would look like, but past rumors point to the possibility of the Mulsanne replacement of going full EV. Bentley knows that it needs an EV sooner or later. Hallmark said 40 percent of Bentley customers would consider buying an electric vehicle. Also, a set of possible Bentley customers, "the upper liberals and the post-moderns" are trending towards Porsche and Tesla models. Source: Automotive News Europe (Subscription Required) View full article

Volkswagen is planning a lineup of electric vehicles which include a hatchback, crossover, and small van. But a new report says the German automaker has ambitions to launch an electric vehicle with a pricetag of about 18,000 euros (about $21,000). Sources tell Bloomberg the model in question will be a subcompact crossover and begin selling sometime after 2020. According to Reuters, the model is currently known as "MEB entry". Volkswagen is planning a production volume of 200,000 vehicles that will take place at three factories. This vehicle hasn't been approved by Volkswagen's supervisory board. According to sources, a discussion on the vehicle is expected to take place during their next meeting on November 16th - the same meeting that is reportedly where a discussion on possible expanding their partnership with Ford is expected to take place. Sources also mentioned another electric model, the I.D. Aero. The midsize sedan and wagon would be built at Volkswagen's Emden plant in Germany. Emden is currently home to the production of the European Passat sedan and wagon, but sources say production of the model would move to the Czech Republic in 2022. Having the Aero take the Passat's place would help keep jobs at Emden. Volkswagen declined to comment. Source: Bloomberg (Subscription Required), Reuters View full article

Volkswagen's Chattanooga, TN plant will soon have two more vehicles rolling off the line. Hinrich Woebcken, VW's North American CEO told Autocar that the upcoming I.D. Buzz and Crozz EVs for the region will be built at Chattanooga. “For strong product momentum, they need to be produced in the USA. It’s not possible to come into a high-volume scenario with imported cars. We want to localise electric mobility in the US,” said Woebcken. Woebcken also revealed that the models would be 'Americanized'. Source: Autocar View full article

Like many countries, China offers various incentives to spur the sales of electric vehicles. But a report from Bloomberg says the Chinese government is considering reducing various subsidies beginning next year. According to sources, the government is considering cutting the average incentive by more than a third from where they currently stand. Also up for consideration is incentives being eligible on models that can travel at least 200 kilometers (about 125 miles) on a single charge. Why? The government wants automakers to keep innovating by making EVs cheaper and go much further on a charge. “China is switching away from carrots. The government wants to ensure automakers will launch models that would be appealing to consumers hence setting subsidies contingent on minimum driving range requirements,” said Ali Izadi-Najafabadi, an analyst at Bloomberg NEF. In 2017, the Chinese government spent 6.64 billion yuan (about a billion dollars) on various subsidies for electric vehicles. But this year saw the government begin to cut various incentives. For example, cars that have a driving range of less than 300 kilometers (about 186 miles) saw their incentives reduced. “Government policy has a huge impact over the new-energy vehicle sector and every adjustment made on the policy front over the next two years will result in tremendous changes in the industry,” Li Yixiu, sales chief for Beijing Electric Vehicle Company earlier this month. "We believe there isn’t a chance for carmakers to raise prices to make up for the reduction of government fundings. Instead, we have to come up with competitive new products and services to respond.” Source: Bloomberg View full article

One of the key materials used in electric car batteries is cobalt. But there are growing concerns that the supply of cobalt is getting scarce as more and more automakers begin building electric cars. A new report from Bloomberg New Energy Finance says cobalt shortages are expected to happen earlier than previously forecast. This issue possibly brings a big challenge to the rollout of electric vehicles over the next five to seven years. "The long lead time to bring on new mines and the concentration of cobalt reserves in the Democratic Republic of the Congo mean there is a real possibility of supply shocks in the early 2020s," analysts from BNEF wrote. "If capacity does not grow as planned, cobalt prices could continue to spike and there could be a major cobalt shortage. This would have serious implications on the electric vehicle market." The price of cobalt has tripled within the past two years as more automakers begin building electric vehicles. Peter Deneen, the managing director at consultancy EV-Metals Resources Group said in an email that the market price for cobalt has risen in the "prospect of supply constraints". But the price doesn't include the potential risk of political upheaval in the Democratic Republic of the Congo - accounts for more than two-thirds of mined cobalt. Concerns have automakers accelerating development of batteries that have smaller amounts of cobalt. Chinese automaker BYD is expected to introduce batteries that have a nickel-manganese-cobalt ratio of 8:1:1 by the end of this year. BMW is expected to follow in 2021 with a similar ratio. According to BNEF's report, this chemistry will account for 57 percent of EV batteries by 2030. There is also the idea of recycling batteries that could provide 100,000 metric tons of cobalt a year by 2030. But the amount would have to mean all batteries from consumer electronics are recycled. Currently, the recycling rates around between 25 to 50 percent according to the report. Source: Bloomberg via Automotive News (Subscription Required) View full article

You find yourself in the showroom, ready to drive away in a new Chevrolet Bolt, Nissan Leaf, or Tesla Model S. But there is one big question that needs to be decided, do you buy or lease it? According to a report from Bloomberg, most buyers of EVs tend to lease. In the U.S., almost 80 percent of electric vehicles on the road are leased according to their report. It also says that 55 percent of plug-in hybrids are leased. More than 80 percent of BMW i3s are leased as an example. The key reason comes down to the belief that electric vehicles will continue to improve and buyers can simply trade them - similar to purchasing a new smartphone. "When there’s new technology coming out, and it’s coming out so rapidly, and you’re improving on it so constantly, typically people only want to lease it,” said Steve Center, a vice president of American Honda Motor Co., back in April. This bet seems to be paying off as the range of electric vehicles has been increasing, while prices of batteries have been going downward. “If you look at what can happen across the lifetime of a lease, you’re really talking about doubling the range of these vehicles,” said Edmunds analyst Jeremy Acevedo. The imbalance between leasing/buying an electric vehicle has also made used EVs to become a steal. According to auto analytics firm Black Book, compact electric vehicles sold in 2014 only hold 23 percent of their original sale price. A comparable internal combustion vehicle holds about 41 percent. Doing a quick search on Cars.com, we were able to find low mileage 2015 Nissan Leafs ranging $14,000 to $16,000. The big question is will this trend continue down the road, considering the likes the Model 3 and models coming from German automakers. Source: Bloomberg View full article

Ford's decision to drop most of their passenger car lineup last week is still sending shockwaves, and likely causing various automakers to have discussions about if they should follow in their footsteps. One automaker that will not be following Ford is Volkswagen. “We are intending to be a full line car manufacturer,” said Volkswagen of America CEO Hinrich Woebcken. The reason as to why? Electric Vehicles. “The question of whether electric mobility will favor sedans or SUVs hasn’t been answered yet. When you’re talking about electric cars, sedans have more advantages. The shape and the [drag coefficient] has a high effect on range. Therefore, we’ll maybe see a higher sedan share on full electric cars than with conventional cars,” said Woebcken. Aside from EVs, Volkswagen still sees sedans as an important key to their U.S. plans. The new Jetta and Arteon will be arriving in dealers very soon, and a new Passat is expected to debut next year. That said, Woebcken says crossovers will become a big part of Volkswagen's U.S. Current plans have the automaker launching at least two new crossovers over the next few years. “The shift from sedans to SUVs is a permanent one. In former times, when gas prices went up people moved back to sedans. We believe this will not happen anymore for two reasons. First, the difference in fuel economy between SUVs and sedans is not so big anymore. Second, customers do not want to give up the high seating position. I believe that trend will not reverse.” Source: Digital Trends View full article

BMW has plans of launching 25 electrified models by 2025 - 12 of those being fully electric. But don't expect to start seeing mass production of those 12 models anytime soon. BMW CEO Harald Krueger told analysts in Munich that its current electric vehicle technology is not profitable enough to scale up to volume production. “We wanted to wait for the fifth generation to be much more cost competitive. We do not want to scale up with the fourth generation,” said Krueger. The difference in costs between the fourth and fifth-generation according to Krueger "was a “two digit number” in percent terms." BMW is currently developing a sixth-generation of electric technologies that encompasses research into battery cells, and will hopefully bring down the costs. Currently, BMW's only EV is the i3. The lineup will expand beginning next year with the MINI E. This will be followed by the iX3 crossover in 2020. A sedan based on the iVision Dynamics concept will also be joining the lineup, though when exactly is unclear at this time. Auto Express which first reported this news says it will come out in 2020. But when asked by Automotive News Europe, Krueger said, "we shall see." Source: Reuters, Auto Express, Automotive News Europe (Subscription Required) View full article

Mazda hasn't even put their Skyactiv-X technologies into production and already they are talking about the next-generation known as Skyactiv-3. Automotive News reports that Mazda's powertrain chief Mitsuo Hitomi said the gasoline version of Skyactiv-3 will have the same emission levels as an electric vehicle. Hitomi told attendees of automotive technical conference in Toyko that Mazda will be working on improving the thermal efficiency of its engines. This reduces the "amount of combustion energy lost to heat while increasing the amount harnessed to power the wheels." If Mazda can improve the thermal efficiency by 27 percent, to 56 percent, Hitomi said it could achieve emissions similar to an EV. How does he come this conclusion? There is a bit of fuzzy math to reach this. It is based Mazda's measurement of wheel-to-wheel emission for electric vehicles and internal combustion engines. For electric vehicles, Mazda includes the carbon dioxide emitted in the production of electricity for the vehicle. The emissions from oil extraction and refining are included in the measurement for internal combustion engines. Mazda's calculations say that some EVs are dirtier than fuel efficient gas-powered models. Mazda also believes that it cut carbon dioxide emissions by 25 percent with the next-generation of Skyactiv, giving them "real world well-to-wheel fuel economy comparable to EVs deriving their electricity through the burning of liquefied natural gas," according to Hitomi. No timeframe was given as to when Skyactiv-3 would debut. Source: Automotive News (Subscription Required) View full article

Toyota is well aware that they are quite behind competitors when it comes to electric vehicles. Facing a “now or never” crisis, the Japanese automaker announced a new plan that will see it sell more than 10 electric vehicles worldwide by 2020. The plan hinges on a significant acceleration in the development and launches of hybrids, plug-in hybrids, electric vehicles, and fuel cells. The new vehicles will be launched in China first, followed by other markets such as Japan and the U.S. Toyota is also planning on having an electrified version of every model in the Toyota and Lexus lineups by 2025. The goals mark a major departure for Toyota as they have tended to focus more on hybrids and fuel cell vehicles, not electric-only models. The company had said for the longest time that electric vehicles would be a niche market due to their limited range, slow recharging times, and high costs. Toyota would instead focus on developing fuel cell vehicles which had its own issues - limited fuel infrastructure and slow refueling times. But with various governments beginning to clamp down on emissions, Toyota knew it had to make a course change. The company is planning on launching a new, solid-state battery in the early 2020s which will improve the performance and weight of their electric vehicles. Source: Automotive News (Subscription Required), Toyota Press Release is on Page 2 Toyota Aims for Sales of More Than 5.5 Million Electrified Vehicles Including 1 Million Zero-Emission Vehicles per Year by 2030 Electrified vehicles to be available across the entire Toyota and Lexus line-up by around 2025 Toyota City, Japan, December 18, 2017―Toyota Motor Corporation (Toyota) announces today its plans toward the popularization of electrified vehicles for the decade 2020-2030. Toyota's electrified vehicle strategy centers on a significant acceleration in the development and launch plans of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs). Toyota has been working toward creating ever-better cars and an ever-better society under the thinking of contributing to a sustainable society and creating mobility that brings smiles to customers. Addressing environmental challenges, such as global warming, air pollution, and limited natural resources and energy supply are of utmost importance to Toyota. "Environment" is one of the anchors of the company's product development, alongside "safety/peace of mind" and "emotion." Electrified vehicles, which are effective for economical consumption of fuel and promoting usage of alternative fuels, are indispensable in helping to solve current environmental issues. In October 2015, Toyota launched the Toyota Environmental Challenge 2050, which aims to reduce the negative impact of manufacturing and driving vehicles as much as possible and contribute to realizing a sustainable society. In the ever-better cars category, Toyota aims to reduce global average new-vehicle CO2 emissions by 90 percent from 2010 levels. Today's announcement is the main pillar of a mid-to-long-term initiative to achieve this challenge. Electrification across the entire Toyota and Lexus line-up By around 2030, Toyota aims to have sales of more than 5.5 million electrified vehicles, including more than 1 million zero-emission vehicles (BEVs, FCEVs). Additionally, by around 2025, every model in the Toyota and Lexus line-up around the world will be available either as a dedicated electrified model or have an electrified option. This will be achieved by increasing the number of dedicated HEV, PHEV, BEV, and FCEV models and by generalizing the availability of HEV, PHEV and/or BEV options to all its models. As a result, the number of models developed without an electrified version will be zero. Zero-emission Vehicles Toyota will accelerate the popularization of BEVs with more than 10 BEV models to be available worldwide by the early 2020s, starting in China, before entering other markets―the gradual introduction to Japan, India, United States and Europe is expected. The FCEV line-up will be expanded for both passenger and commercial vehicles in the 2020s. Hybrid Electric and Plug-in Hybrid Electric Vehicles The HEV line-up will also grow, thanks to the further development of the Toyota Hybrid System II (featured in the current-generation Prius and other models); the introduction of a more powerful version in some models; and the development of simpler hybrid systems in select models, as appropriate, to meet various customer needs. Toyota also aims to expand its PHEV line-up in the 2020s. Batteries are a core technology of electrified vehicles and generally present limitations relating to energy density, weight/packaging, and cost. Toyota has been actively developing next-generation solid-state batteries and aims to commercialize the technology by the early 2020s. In addition, Toyota and Panasonic will start a feasibility study on a joint automotive prismatic battery business in order to achieve the best automotive prismatic battery in the industry and to ultimately contribute to the popularization of Toyota's and other automakers' electrified vehicles. Furthermore, Toyota aims to focus on the development of a social infrastructure conducive to the widespread adoption of electrified vehicles. This includes the creation of a system to help streamline battery reuse and recycling, as well as support of the promotion of plug-in vehicle charging stations and hydrogen refueling stations through active cooperation and collaboration with government authorities and partner companies. Toyota has been a leader in making vehicles while keeping the environment in mind. This is evident through the introduction of the iconic Prius 20 years ago, as well as the launch of the world's first PHEV, the Prius PHV, in 2012. The second-generation Prius PHV, introduced in 2017, further increased the vehicle's electric mode cruising range. Additionally, in 2014 Toyota launched the world's first mass-produced fuel cell sedan, the Mirai, which is being well-received by customers in Japan, the U.S., and Europe. Through these activities, Toyota sales of electrified vehicles have reached more than 11 million units worldwide to date. View full article

Ford and General Motors have differing views on autonomous vehicles. GM is planning on launching a number of Chevrolet Bolt EVs in various urban markets in 2019 for a ride-hailing service. Ford, on the other hand, is taking a different approach in terms of powertrain and use. Ford's top sales executive, Jim Farley said their autonomous vehicle - due in 2021 - will be a hybrid vehicle with a focus on commercial applications. Farley explained that going with a hybrid powertrain would allow their vehicles to stay on the road longer thanks to a longer range when compared to EVs. The company expects their autonomous vehicles to be on the road for roughly 20 hours a day. Using an electric vehicle for this type of task doesn't make business sense as they would need to recharge constantly. "Anytime you're not carrying goods and people, you're losing money. The most important thing is uptime and profitability. What we see is the [hybrid] is a much better cost-of-ownership model," said Farley. The constant recharging also brings up another negative for electric vehicles, frequent replacement of the batteries due to increased degradation. Ford has already announced a pilot program with Domino's pizza to do deliveries in a self-driving plan. Next year, Ford will this commercial idea to the test by putting a fleet of vehicles in a "yet-to-be-named test city" with a number of partners. Source: Automotive News (Subscription Required) View full article