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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. All of this comes right on the heels of the automaker’s announcement that it would push back some EV releases to focus on lower-cost hybrids and PHEVs.

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

The challenging Chinese market is the pioneer for digitalization and electric mobility. —Alexander Seitz, Member of the Board of Management for Finance at Audi AG. —Rupert Stadler, Chairman of the Board of Management of Audi AG. The product plan includes more than 20 electrified models in rapid succession until 2025.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. With this financing, we will begin an expansion that we expect to accelerate upon receipt of government funds. We’ve accelerated our plans to expand our US manufacturing. Earlier post.) Earlier post.)

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

plug-in hybrid electric vehicles (PHEVs) in China by a greater than five-to-one margin during the forecast period, as the incentives and consumer demand in the country favor emissions-free driving. The Chinese government initially overestimated consumer demand for electric vehicles, and has made adjustments to its incentive policies.

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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

If you lease the EV, however, the qualifying amount of the tax credit goes to the lessor — usually the finance division of the automaker. In theory, but there is no requirement by the IRS to do so, the OEM finance company applies the tax credit to the purchase price of the EV and reduces the amount of the monthly lease payment.