Toyota Motor Corp said Wednesday it is slashing by about $2,000 the price of its Prius Plug-in hybrid, continuing a trend of automakers cutting prices for electric vehicles.
The 2014 Prius Plug-in will be sold for $30,785, including a destination charge of $795, Toyota’s U.S. sales division said.
Sales of the 2014 version of the Prius Plug-in will begin in November in 15 states including California, New York and New Jersey.
Earlier this year, General Motors Co said it was increasing incentives on its Chevrolet Volt plug-in hybrid and Nissan Motor Co Ltd slashed prices on its electric car, the Leaf. (more…)
“Every Porschephile knows that red brake calipers mean standard steel discs, and yellow, a car with the optional ceramics. But now there’s another hue for the geeks to spot: a lurid lime green, denoting the wearer as a Panamera Hybrid.”
“The new E-Hybrid though, is a very credible car indeed”
“exemption from VED, the London congestion charge and tiny company car tax bills resulting from an incredible 71g/km CO2 rating would certainly take your mind off the problems. As will the prospect of 91.1mpg”
Chinese state-owned auto-giant Guangzhou Automobile Group’s clever concept hybrid is going to have a special plug…
A marketing plug in the next installment of the Hollywood blockbuster Transformers movie. Apparently the movie series is a big hit in China and much of the latest picture is being filmed there.
The Trumpchi E-jet is only a concept at the moment, but it has a rather interesting drive train, which Guangzhou Automobile Group are developing with the South China University of Technology. The system uses a small (1000cc), four-cylinder petrol engine to power an on-board generator, with an electric motor driving the wheels and “an advanced lithium-ion polymer battery pack” to store power: it’s a plug-in hybrid, obviously.
Clever marketing and I’m sure we will see more and more Chinese cars on the big screen, and hopefully for sale in Europe and the US as they expand their efforts globally. I really like the look of the E-jet.
The USA is still the biggest and fastest growing plug hybrid EV market, and forecast growth for plug in EVs is also going to be strong according to a Navigant Research report.
If they prove right, it would make the targets outlined in the recent International Energy Agency (IEA) report “GLOBAL EV OUTLOOK – Understanding the Electric Vehicle Landscape to 2020“, realistic.
According to the IEA; Global EV Sales have more than doubled globally between 2011 and 2012, and they set an aggregated goal for all countries with known deployment targets of 7.2 million in EV sales and 24 million in EV stock by 2020.
“Analysis of EVI data show that to reach the EVI goal of 5.9 million in annual sales of EVs in 2020, the 2011 EV market (approximately 45,000) would need to grow by 72% compounded each year until 2020″.
That is quite a target, but the IEA have provided some nice graphs and infographics with data-backed forecasts for each of the market developments that have to change to support it, including…
- An increase in Research and development as a result of greater funding
- A continued drop in the costs of batteries
- An increasing growth in charge point installations, in-particular the “slow-charge” (more…)