June 1, 2013 |
How they stack up: Specifications for the electric cars in our comparison test , the Honda Fit EV, Fiat 500e and Nissan Leaf. Honda Fit EV Times' take: The right blend of performance, utility and efficiency Highs: Sport driving mode hauls more than groceries; cavernous interior room Lows: No choice of options or color; no purchase option Vehicle type: Five-door, five-passenger hatchback ...
May 30, 2013 |
Honda Motor Co. is lobbing a grenade into the ongoing electric car price war, dropping the lease payment on its compact Fit EV from $389 to $259. The 36-month lease deal requires no down payment and comes with unlimited mileage, along with free collision coverage, maintenance, roadside assistance and a 240-volt home charging station. Honda's move, announced this morning, comes after Nissan's Leaf, Chevrolet's Spark EV and Fiat's 500e recently announced lease deals of $199 a month in an effort to entice more customers into all-electric cars.
May 29, 2013 |
Gasoline prices are only slightly below levels set in 2011 and 2012, according to Energy Department statistics. But even a relatively small decline is enough to dent the used car auction prices of hybrid vehicles and the retained value of electric vehicles. That's the conclusion of the latest Kelley Blue Book Used-Car Market Report for May. As usual, the KBB analysis looks at the prices used car dealerships are paying at auctions to stock their inventories. Alec Gutierrez, senior market analyst for Kelley Blue Book, said in an interview there is usually a close correlation between dealer auction prices and the sticker prices buyers will see at used car sales lots.
May 26, 2013 |
JERUSALEM - Israeli electric car company Better Place, which raised about $800 million on a vision to revolutionize the auto industry, filed for bankruptcy liquidation Sunday, citing disappointing sales and exhausted cash reserves. The spectacular rise and fall of the once-touted company marked a blow to Israel's image as a "start-up nation," in which hundreds of innovative new technology businesses have attracted billions of dollars in investment capital from around the world. Despite bold sales predictions, positive press and a futuristic showroom near Tel Aviv, only a few hundred Israelis purchased the specially built Renault cars, whose batteries were to be recharged or swapped as needed at a network of company-run charging stations.
May 23, 2013 |
General Motors is joining the electric-car price war with a lease deal on the Chevrolet Spark EV at $199 a month. The deal, announced this morning, follows the recent offerings of $199 leases on Nissan's Leaf - a big price drop after two years of slow sales - and the newly released Fiat 500e. The Spark EV will be available at select dealers in California and Oregon starting in mid-June, according to Chevrolet. The growing number of EVs and the price competition should help all automakers sell more cars in the segment, said GM spokesman Kevin Kelly.
May 21, 2013 |
A bill to extend carpool-lane access for electric cars and other zero-emission vehicles passed the California Assembly by a wide margin Monday. The legislation, AB 266 written by Robert Blumenfield (D-Woodland Hills), also gives such vehicles access to carpool lanes converted to toll roads. The bill passed on a 49-22 vote and now moves on to the state Senate. Under Blumenfield's legislation, cars with white clean-air vehicle stickers - such as electric, hydrogen fuel cell or compressed natural-gas vehicles - would get carpool-lane access to 2020.
May 5, 2013 |
When Tesla Motors reports its first-ever profit Wednesday, much of the money will come courtesy of the state of California. In its zeal to push electric cars into the market, the state has created a system in which Tesla can make as much as $35,000 extra on each sale of its luxury Model S electric sports sedans. That's because the Palo Alto company qualifies for coveted state environmental credits that it can turn into cash. These Zero Emission Vehicle credits could put as much as $250 million in Tesla's coffers this year, according to one Wall Street analyst, and they are a key reason the 10-year-old automaker has survived this long.
May 1, 2013 |
Coda Automotive Inc., the Los Angeles-based electric-car maker backed by billionaire Philip Falcone, has filed for bankruptcy and will put itself up for sale. Coda listed assets of no more than $50 million and liabilities of up to $100 million in the Chapter 11 filing in Delaware. The automaker had been almost deathly quiet about sales of its $37,250 car, which had been on the market since March of 2012. PHOTOS: Kelley Blue Book's top 10 green cars for 2013 Those sales finally got some transparency from an unusual source - -federal safety regulators -- last August.
April 29, 2013 |
One reason fans attend auto races is because the cars are loud -- in some cases, exceptionally loud. Spectators simply love the roar of the engines. So what if a race was held with significantly quieter cars? Would fans still find it appealing? Los Angeles plans to find out. Mayor Antonio Villaraigosa announced last week that L.A. is one of 10 global cities where a new racing organization, Formula E, hopes to hold street races with all-electric cars, starting next year. The cars would be true race cars, roughly similar in size and shape to those in the IndyCar series.
April 26, 2013 |
Tesla Motors reached an important milestone in the first quarter as its high-end electric Model S sedan outsold the Chevrolet Volt plug-in hybrid and the electric Nissan Leaf. Tesla is expect to announce in its upcoming quarterly earnings report in May that it sold 4,750 of its Model S sedans, which start around $70,000. That would beat the Chevy Volt's first-quarter sales of 4,244, which was an 8% increase for the Volt compared with the same quarter in 2012, according to Autodata figures.