article thumbnail

China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

Dealers 116
article thumbnail

BMW To Dump GM, Chooses Toyota As Fuel-Cell, Hybrid Partner?

Green Car Reports

It's hard to keep things secret in the auto industry. So when Bloomberg reported yesterday that German luxury maker BMW had broken off talks with General Motors on joint development of fuel cells, writer Dorothee Tschampa explained why.

BMW 106
article thumbnail

Auto Industry and Utilities Urge President Obama to Create to National Electric Fuel Task Force to Accelerate Plug-in Adoption

Green Car Congress

Organizations representing auto manufacturers, electric utilities and the electric drive industry are calling on President Obama to establish a new National Electric Fuel Task Force to help accelerate the adoption of plug-in electric vehicles and the necessary infrastructure. Under the American Recovery and Reinvestment Act, $2.4

Obama 231
article thumbnail

European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

The 2030 target should be supported by a number of modalities, ACEA said, focusing on off-cycle credits, super credits (or similar measures supporting the market uptake of alternatively powered vehicles), ITS applications and measures stimulating the use of low-carbon fuels.

article thumbnail

European Investment Bank Approves €3B in Loans for European Auto Industry

Green Car Congress

billion), most of it aimed at improving fuel efficiency and cutting CO 2 emissions. billion) worth of EIB loans to the automotive industry are planned for submission to the Board in April and May. The European Investment Bank’s (EIB) Board of Directors approved loans to European car and truck makers worth €3 billion (US$3.9

article thumbnail

CAFE Credits For Safer Cars, Tesla P85D Delivered Quickly, 2015 BMW i8 Video Road Test: Today's Car News

Green Car Reports

Today we''ve got a proposal from an auto industry trade group that wants to give carmakers extra fuel-economy credits for building safer cars, a report on Tesla Model S delivery times, and a video road test of the 2015 BMW i8 plug-in hybrid. Check out our video road test of the 2015 BMW i8 plug-in hybrid coupe.

2015 60
article thumbnail

Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. It is necessary that we stop burning fossil fuels, and fast. BMW, VW and Renault asked European regulators to push back the 2035 gas car phase-out , despite that this timeline has already been loosened.

Chinese 52