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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
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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 -
There's a war going on between Cadillac and Lincoln. With the new Navigator, Lincoln has a very compelling alternative to Cadillac's aging Escalade. But Cadillac is fighting back by dumping a bunch of cash on the hood. Bloomberg obtained a memo sent to Cadillac dealers that announces a new promotion where current lease customers of 2016 Escalades are being offered a $10,000 discount on a new Escalade. Owners of 2016 Escalades have to make do with a $7,500 discount. The promotion runs until the end of May. GM Spokesman Jim Cain confirmed the promotion to Bloomberg. This isn't the first time Cadillac has put a huge amount of money onto the hood of the Escalade. Back in November, Cadillac was offering owners of Lincoln models from 1999 to the current model year a $5,000 discount on an Escalade. Cadillac still holds a significant edge over the Navigator in terms of sales - 8,111 Escalades vs. 4,062 Navigators through March. But Lincoln is gaining ground with Navigators only sitting on dealer lots 10 days on average. “GM is trying to keep Escalade buyers out of Navigators, for sure. You’ve got a fresh Navigator and you’ve got an Escalade that is not new and is starting to age,” said Jeff Schuster, an analyst at LMC Automotive. “This is a particular battle that GM doesn’t want to lose ground in. It speaks to the importance of the Escalade.” Source: Bloomberg View full article -
There's a war going on between Cadillac and Lincoln. With the new Navigator, Lincoln has a very compelling alternative to Cadillac's aging Escalade. But Cadillac is fighting back by dumping a bunch of cash on the hood. Bloomberg obtained a memo sent to Cadillac dealers that announces a new promotion where current lease customers of 2016 Escalades are being offered a $10,000 discount on a new Escalade. Owners of 2016 Escalades have to make do with a $7,500 discount. The promotion runs until the end of May. GM Spokesman Jim Cain confirmed the promotion to Bloomberg. This isn't the first time Cadillac has put a huge amount of money onto the hood of the Escalade. Back in November, Cadillac was offering owners of Lincoln models from 1999 to the current model year a $5,000 discount on an Escalade. Cadillac still holds a significant edge over the Navigator in terms of sales - 8,111 Escalades vs. 4,062 Navigators through March. But Lincoln is gaining ground with Navigators only sitting on dealer lots 10 days on average. “GM is trying to keep Escalade buyers out of Navigators, for sure. You’ve got a fresh Navigator and you’ve got an Escalade that is not new and is starting to age,” said Jeff Schuster, an analyst at LMC Automotive. “This is a particular battle that GM doesn’t want to lose ground in. It speaks to the importance of the Escalade.” Source: Bloomberg -
G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com EV Auto's in B.C. Canada more Like California Laugh if you will but could it be that British Columbia of Canada is more like California than the rest of Canada? B.C. has recently not only endorsed the CARB of California much like the west coast but now they are allowing special passes to EV owners to drive in all HOV lanes. According to CBC News of Canada, EV auto owners are now allowed to travel all of B.C. Provinces HOV lanes passenger free. Premier Christy Clark announced a series of initiatives to get the population to go green. The following is being done starting now to get B.C. ahead of the world and reduce the effects of global warming on B.C. 6.8 million has been directed towards some of these initiatives: 1) 6 million to be spent on incentives to EV buyers 2) 890,000 to be spent to expand the recharging infrastructure. To make sure these incentives help the larger population, they have limited the price to no more than $77,000 dollars pretty much excluding Tesla and keeping the incentives focused on the Pure EV's or PHEV's such as the Volt. The goal is to be 100% EV and or PHEV auto's in B.C. within 35 years. The Premier arrived to make this announcement in her brand new Generation 2 Blue Chevy Volt according to CBC News. FULL Story This makes one wonder, could the US and Canada one day merge? Could we see a start of a huge infrastructure rebuild in a much shorter time frame as countries push to reduce the greenhouse gas? Could the next 15 years see the auto industry make a revolutionary change from petrol to EV auto's with advances in battery cells, range and the lower cost of electricity to run ones car? How will this affect states / provinces department of transportation when the fuel tax is gone. Will they change it over to an Electrical tax or will a mileage tax finally be the way to go for all auto's? What are your thoughts on this change by B.C. and the questions it brings up? -
Cadillac's boss Johan de Nysschen has a plan to rehabilitate Cadillac's image. Part of this plan deals with the dealers with tightening inventory and end the sell-at-any-cost mentality. But as Automotive News reports, there is a slight problem as Cadillac's dealer incentive programs promote the opposite. One incentive attaches $700 in dealer bonus money to every Cadillac vehicle they order from the factory, while another has cash payouts for growing sales. “The business model has been structured more for the bigger brands inside General Motors, rather than the small Cadillac brand,” said de Nysschen. “The luxury business is different.” de Nysschen instead wants to give incentives to dealers “in terms of the overall support to the brand.” This could mean meeting certain marks in customer satisfaction scores or new requirements to have an adequate recruiting process. At the moment, Cadillac is in talks with their national dealer council “to develop the next generation of what these programs should look like for Cadillac.” Source: Automotive News (Subscription Required) View full article
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Cadillac's boss Johan de Nysschen has a plan to rehabilitate Cadillac's image. Part of this plan deals with the dealers with tightening inventory and end the sell-at-any-cost mentality. But as Automotive News reports, there is a slight problem as Cadillac's dealer incentive programs promote the opposite. One incentive attaches $700 in dealer bonus money to every Cadillac vehicle they order from the factory, while another has cash payouts for growing sales. “The business model has been structured more for the bigger brands inside General Motors, rather than the small Cadillac brand,” said de Nysschen. “The luxury business is different.” de Nysschen instead wants to give incentives to dealers “in terms of the overall support to the brand.” This could mean meeting certain marks in customer satisfaction scores or new requirements to have an adequate recruiting process. At the moment, Cadillac is in talks with their national dealer council “to develop the next generation of what these programs should look like for Cadillac.” Source: Automotive News (Subscription Required) -
William Maley Staff Writer - CheersandGears.com June 11, 2013 At the moment, Chevrolet is currently sitting on a 140-day supply of Volts, more than double the amount supply analysts say is healthy. How is General Motors going to cut down the supply? By piling on incentives! Chevrolet spokeswoman Michelle Malcho tells The Detroit News the company will be offering $4,000 off on 2013 Volts and $5,000 off on 2012 models. Alternatively, you can do a 36-month lease on a Volt for $269 with $2,399 down at signing or can be purchased with zero percent financing for 48 months and receive $3,000 off. Total Volt sales for the year stand 7,157 units, an increase of 1.4 percent. However, the past three months have seen Volt sales drop when compared to the same time last year. Source: The Detroit News William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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William Maley Staff Writer - CheersandGears.com June 11, 2013 At the moment, Chevrolet is currently sitting on a 140-day supply of Volts, more than double the amount supply analysts say is healthy. How is General Motors going to cut down the supply? By piling on incentives! Chevrolet spokeswoman Michelle Malcho tells The Detroit News the company will be offering $4,000 off on 2013 Volts and $5,000 off on 2012 models. Alternatively, you can do a 36-month lease on a Volt for $269 with $2,399 down at signing or can be purchased with zero percent financing for 48 months and receive $3,000 off. Total Volt sales for the year stand 7,157 units, an increase of 1.4 percent. However, the past three months have seen Volt sales drop when compared to the same time last year. Source: The Detroit News William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
