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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain.

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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

Green Car Congress

For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4 Q3 2018 was a truly historic quarter for Tesla. As a result, Tesla is suggesting that the total market potential for Model 3 is larger than just the premium sedan market.

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New California program to make clean cars affordable for lower-income residents

Green Car Congress

The California Air Resources Board announced a new statewide grant and loan program to help lower-income consumers across California get into the cleanest new and used cars on the market. The Clean Vehicle Assistance Program, run by the Oakland-based nonprofit Beneficial State Foundation, was launched with a $5-million CARB grant.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

It can be difficult to switch to green vehicles in this market, but not impossible as there are a record number of EV models available to order, and thousands of used EVs available across the country. . Our sister site, PlugStar , lists all available vehicles for purchase or order in one place.

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India’s used car market size to touch USD 100 bn-mark by 2034: CARS24 CEO – ET Auto

Baua Electric

The SUV-centric trend has extended beyond new car acquisitions and is making its presence felt in the used car market with a 4-6% growth since FY21, Chopra said. As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars.

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California Governor’s office releases ZEV action plan update

Green Car Congress

The 2018 Priorities Update focuses specifically on state agency actions and is designed to serve three fundamental purposes: Provide direction to state agencies on the most important actions to be executed in 2018 to enable progress toward the 2025 targets and 2030 vision. These topic areas are maintained in the update document.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Disruptive innovation is typically a Silicon Valley buzzword and not one commonly associated with discussions of gasoline markets. The International Energy Agency estimated there were 4 million low-speed electric vehicles in China as of midyear 2018, representing about 2% of the country’s passenger cars, Collins said.