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China Leads The Way For Electric Cars

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Randolph Kinney

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GM plans to launch 10 electric cars in China by 2020


Shanghai — General Motors Co. plans to launch 10 electric and gasoline-electric hybrid vehicles in China by 2020, an executive said Friday, as automakers speed up the rollout of alternative vehicles under pressure from Beijing to promote the industry.

http://www.detroitnews.com/story/bu...otors/2017/04/21/gm-electric-china/100761754/

Electric cars are not selling that well in California or the rest of the US.
 

jay trotta

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With all the people Out of Work, not noted on the Unemployment rolls, who's buying new cars ?
Everything I've read notes an Oversupply.... Incentives are increasing continually; "0" % Interest for 72 Months (hype for new cars)

Want to save money on Gas, buy motorcycles
 

Randolph Kinney

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The Home Of The Electric Car Is At War

California is very much the home state of electric cars, and arguably the central hub for electric car development for the whole globe. But at the moment the job of getting people to drive EVs is a total mess, with years of planning showing little results and steady attack coming from Detroit and Washington against it all.

The big news of the day is that California’s electric car incentive program has not actually increased any rates of leasing new electric cars. These are unbelievably good incentives; leasing an electric car in California can cost zero dollars per month when incentives are factored in, as Automotive News pointed out today in an excellent report:

With state rebates, federal tax credits and manufacturer discounts, the effective monthly payments in California for zero-emission vehicles including the Nissan Motor Co. Leaf and Ford Motor Co. Focus Electric can add up to zero — or less — a month, the Alliance of Automobile Manufacturers said in written comments to the California Air Resources Board, which meets Thursday.

“Yet the ZEV market share has remained at the 3 to 3.5 percent level,” the alliance said in its 80-page submission, asking the agency known as CARB to ease up on plans to require more sales of the vehicles.

These are effectively free cars. Free cars! California’s incentive system functionally has the state giving away EVs and yet they haven’t made a new dent in the market. That is insane, particularly when you realize the scale of these incentives: $7,500 of federal incentives, $2,500 of a California state discount and another $1,500 from California for low-income buyers.

http://jalopnik.com/the-home-of-the-electric-car-is-at-war-1793566650

Lets see, with rebates and incentives, you can't give away an electric car. Why is that? Well, with tier 2 price of electricity at $0.39 a kwhr in California and no free charging stations, limited range per charge, why would anyone want one?
 

Randolph Kinney

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Foreign carmakers embrace China as electric car development hub


China's crackdown on vehicle pollution will turn the world's largest auto market into a hub for cutting edge electric car technologies previously exported from Europe and the United States, industry executives at the Shanghai motor show said.

Foreign automakers have long been building cars in China to meet surging demand in the world's most populous nation.

But a raft of proposals to promote cleaner driving is now encouraging them to do more research in China, potentially turning the country into a world leader in a technology predicted to be a major force in the future of the industry.

For years, carmakers have struggled to gain economies of scale to bring down the cost of electric cars, which have failed to gain traction with consumers in part because of their price.

But by floating proposals to require automakers to boost sales of so-called "new energy vehicles," or risk being penalized, Beijing has given a powerful incentive for them to focus the development of such vehicles in China. [nL3N1HD1W8]

That could be a big fillip for the local economy - and a blow to other major car manufacturing nations such as the United States, Germany and Japan. Analysts at UBS say the shift from combustion toward electric cars is a 100 billion euros ($107 billion) revenue opportunity for suppliers.

According to management consulting firm McKinsey, 43 percent of the 870,000 electric cars produced in 2016 came from China. Germany and the United States accounted for 23 percent and 17 percent respectively.

http://www.reuters.com/article/us-autoshow-shanghai-electromobility-idUSKBN17L1PT

Too bad California, you no longer drive the green standards for cars. China does. :)
 

Randolph Kinney

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States Attack Tax Benefits for Electric Cars

Once upon a time, not so long ago, electric vehicles (EVs) emerged as an attractive option for eco-conscious consumers looking to spare the environment and save money, thanks to state laws mandating tax benefits for electric cars. However, many states are shattering this EV fairy tale. Not only are some states withdrawing EV tax benefits; quite a few are charging extra fees to electric-car owners.

Disappearing EV Tax Credits
Many American consumers are lured into purchasing EVs because they are promised state tax incentives as well as a federal credit of up to $7,500. However, these subsidies are quickly disappearing, as an increasing number of states attack EV benefits. It started in July 2015, when Georgia ditched its $5,000 tax credit on electric cars and enacted a $200 fee on all EV sales. Not surprisingly, electric-car sales took a nosedive in the Peach State immediately following the repeal. Sales tumbled from 1,300 EVs in June 2015 to a mere 97 in August 2015.

Since then other states have followed in Georgia’s footsteps. While some are repealing tax credits for EVs or simply allowing them to expire, at least nine states (including California, Illinois and Indiana) are also tacking on additional fees for owners of battery-powered cars. As of April 2017 only 17 states were still offering financial incentives for consumers purchasing electric vehicles – down from 25 in prior years.

The Bottom Line
As many states are repealing EV tax benefits, and others are slapping additional fees on electric-car owners, EV sales are plummeting across the nation. While critics say the fossil fuels industry is behind the attacks, supporters insist that state money could be better spent on roads and highways.

Additionally, some lawmakers purport that EV drivers are generally wealthy consumers who simply do not need an additional tax break. “By allowing these subsidies to continue, you are unfairly choosing to use our tax dollars to benefit a finite group of individuals and corporate interests,” claimed Rudy Zitti, deputy state director for Americans for Prosperity, during his testimony before the Colorado legislature.

http://www.investopedia.com/insights/states-attack-tax-benefits-electric-cars/

It is all about the tax revenue. Converting gas cars purchases over to electric car purchases generates less tax revenue.
 

AMF13

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These are unbelievably good incentives; leasing an electric car in California can cost zero dollars per month when incentives are factored in, as Automotive News pointed out today in an excellent report:

With state rebates, federal tax credits and manufacturer discounts, the effective monthly payments in California for zero-emission vehicles including the Nissan Motor Co. Leaf and Ford Motor Co. Focus Electric can add up to zero — or less — a month, the Alliance of Automobile Manufacturers said in written comments to the California Air Resources Board, which meets Thursday.

Tesla is a lot more sexy. Clearly this town is atypical, they are not as common as files on sh!!, but close enough.
I see at least one every time I get on the effway. If I could lease one for free, sign me up. I want the one with "Ludicrous" mode acceleration. :dancefool:
 

Randolph Kinney

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Retired Appraiser
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Tesla is a lot more sexy.

True, however, electric cars in general are not luxury cars nor high performance cars nor off-road.

Tesla has more sales than all other brands of electric cars which demonstrates the notion that sale incentives are really supporting the wealthy.
 
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