It’s “inevitable” that China’s electric cars have little resale value and some are inherently worth little, according to one of China’s top auto industry bodies.
In its latest weekly update on China’s ailing auto market, the China Passenger Car Association (CPCA) listed several reasons why value retention is “too low” for new-energy vehicles (NEVs), including fully electric, fuel-cell and hybrid cars.
Photo: VCG
Electric cars are an essential component of a lower-carbon future, but a new report from researchers at the New York University Tandon School of Engineering raises the specter that plug-in electric vehicles—and the charging stations that supply them—could be prime vectors for cyberattacks on urban power grids.
While motorists continue to enjoy the benefits of a longstanding supply glut in crude oil, car manufacturers are becoming increasingly worried about shortages. Not in liquid fuels, but in metals.
The automotive industry requires certain strategic, rare, and precious metals. Without them, batteries for electric cars wouldn’t function and catalytic converters for gasoline engines wouldn’t work.
Many of the metals that play a critical role in both conventional and electric vehicles now face potential supply shortfalls.
By Michael Bastasch From The Daily Caller – Re-Blogged From WUWT
A new study underscores a longstanding concern about sweeping plans, like the Green New Deal, to increase renewable energy use in America: dependency on China.
[I’d be interested in knowing if China (secrtly) has funded any democrats. -Bob]
By Ener Tuition -Re-Blogged From Seeking Alpha
“In Q3 last year, we were able to make a 4% profit. While small by most standards, I would still consider this our first meaningful profit in the 15 years since we created Tesla. However, that was in part the result of preferentially selling higher priced Model 3 variants in North America. In Q4, preliminary, unaudited results indicate that we again made a GAAP profit, but less than Q3. This quarter, as with Q3, shipment of higher priced Model 3 variants (this time to Europe and Asia) will hopefully allow us, with great difficulty, effort and some luck, to target a tiny profit.”
“However, starting around May, we will need to deliver at least the mid-range Model 3 variant in all markets, as we need to reach more customers who can afford our vehicles. Moreover, we need to continue making progress towards lower priced variants of Model 3. Right now, our most affordable offering is the mid-range (264 mile) Model 3 with premium sound and interior at $44k. The need for a lower priced variants of Model 3 becomes even greater on July 1, when the US tax credit again drops in half, making our car $1,875 more expensive, and again at the end of the year when it goes away entirely.”
By Eric Worrall – Re-Blogged From WUWT
h/t Dr Willie Soon / Steve Milloy – the Italian government has proposed plans to subsidise sales of electric cars, by taxing sales of gasoline and diesel cars.
Italy proposes measures to spur sales of low-emission cars
MILAN/ROME (Reuters) – Italy plans to offer subsidies of up to 6,000 euros ($6,800) to buyers of new low emission vehicles and will increase taxes on new petrol and diesel cars, two government officials said on Wednesday.
Concerns over climate change are pushing European lawmakers to tighten emissions regulations, but the car industry says that would harm its competitiveness.
The Imperial fora belongs to a series of monumental fora (public squares) constructed in Rome by the emperors. Also in the image can be seen the Trajan’s Market. By Rabax63 – Own work, CC BY-SA 4.0, LinkBy Rud Istvan, – Re-Blogged From WUWT
This is the first of two loosely related technology posts that ctm suggested might be interesting to WUWT. In full disclosure, the details stem from my financial interests in energy storage materials and related topics, having spent much time and money since 2007 on fundamental now globally issued energy storage materials patents for supercapacitance (the Helmholtz double layer physics that creates lightning in thunderstorms). Some of the info cited below is slightly dated because I was too lazy to make everything current. Some of this info was borrowed from my ebook The Arts of Truth and from a 2017 Climate Etc post. All conclusions nevertheless remain valid.
