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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

In the last year GM has initiated a full court press on the public relations front around its electric vehicle plans. It seems like a week hasn’t gone by without an email in my inbox from GM about an embargoed press release and some upcoming GM EV event or announcement. GM Stock Chart: Yahoo Finance.

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Personal: One in a Million

Clean Fleet Report

Toyota Prius Prime PHEV – 14,275. Tesla and GM both exceeded the state’s 200,000-unit sales cap on rebates. Buyers could still receive federal tax credits and local incentives if available. The cars Californians choose set the tone for EV sales for 2021. Tesla Model Y EV – 61,022. Chevrolet Bolt EV – 12,313.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

The SSI study captures 12 different PEV models from eight vehicle manufacturers, including GM (Chevrolet Volt); Nissan (LEAF); Tesla (Model S); Ford (Focus EV, C-Max Energi and Fusion Energi); Honda (Fit EV and Accord PHEV); Toyota (Prius Plug-in and RAV4 EV); Mitsubishi (i-MiEV); and Daimler (Smart Fortwo ED). —Cahill et al.

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SAE World Congress panel highlights progress on H2 infrastructure and fuel cell vehicle commercialization

Green Car Congress

Participants included Hyundai, GM, Honda, Toyota, Linde and Air Liquide. In the past few years 8 automakers made announcements about fuel cell electric vehicle development, many of them in conjunction with partnerships: BMW-Toyota, GM-Honda, Hyundai and Daimler-Ford-Nissan. This is planned to increase in the future. Earlier post.)

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Increasing political animus towards the ethanol tax credit, which was “ begrudgingly renewed for one year in the lame-duck tax bill.” More governmental consumer incentives (rebates or tax credits) to encourage the purchase of new electrics and plug-in electrics. An explosion of hybrid sales in Japan.

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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

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2021 US EV Sales Scoreboard: RAV4 Prime and Mustang Mach-E Are The Top-Selling Non-Tesla EVs

EV Adoption

What is a surprise to us, was the rebound in sales of the Prius Prime, which was up 128% YOY. And as you can see from the chart below, the the Prius is heading toward 60% of its sales being for the Prime PHEV version. The second key trend is the solid first-year sales of both the Ford Mustang Mach-E (27,140) and Volkswagen ID.4

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