2018 Nissan LeafHandout / Nissan The British Columbia provincial government is encouraging its citizens to buy electric vehicles with one of the best incentives known to man: free money. The province is echoing the federal government’s incentives with CEVforBC, a program that offers $2,500 rebates on the purchase of hybrids; and $5,000 on fully electric vehicles. But EV buyers in B.C. won’t just qualify for provincial incentives of up to $5,000; there are, of course, also new federal rebates. When it’s all added up, some B.C. shoppers could be looking at $10,000 in discounts. Combined with sky-high gas prices at the pumps, the appeal of the EV is so great for some B.C. shoppers that, as Automotive News Canada reports, some dealers are having trouble keeping EVs in stock. It’s huge,” James Hartley, sales manager at Morrey Nissan in Burnaby, told the outlet. “Every second customer wants to test-drive a Leaf. As of May 1 or just before that, people were coming in.” And demand is a wonderful thing, so long as you’ve got supply, which many currently don’t. Didier Marsaud, Nissan Canada spokesman, says the brand is working to get more cars to the places that need them within two months of ordering. “As we did last year to address the pickup of demand in Ontario just before the (EV incentive) program was canceled, we are working extremely hard to maximize our production to suffice our demand,” he told Automotive News Canada. “Last year we reached 60-day supply, which is the standard day supply for any vehicle.” An insatiable demand for your product is a good problem to have for EV makers and sellers, but for now it’s still a
Origin: Total rebates of up to $10,000 cause EV supply shortage amongst B.C. dealers
supply
New federal rebates cause EV supply shortage amongst B.C. dealers
2018 Nissan LeafHandout / Nissan The British Columbia provincial government is encouraging its citizens to buy electric vehicles with one of the best incentives known to man: free money. The province is echoing the federal government’s incentives with CEVforBC, a program that offers $2,500 rebates on the purchase of hybrids; and $5,000 on fully electric vehicles. But EV buyers in B.C. won’t just qualify for provincial incentives of up to $5,000; there are, of course, also new federal rebates. When it’s all added up, some B.C. shoppers could be looking at $10,000 in discounts. Combined with sky-high gas prices at the pumps, the appeal of the EV is so great for some B.C. shoppers that, as Automotive News Canada reports, some dealers are having trouble keeping EVs in stock. It’s huge,” James Hartley, sales manager at Morrey Nissan in Burnaby, told the outlet. “Every second customer wants to test-drive a Leaf. As of May 1 or just before that, people were coming in.” And demand is a wonderful thing, so long as you’ve got supply, which many currently don’t. Didier Marsaud, Nissan Canada spokesman, says the brand is working to get more cars to the places that need them within two months of ordering. “As we did last year to address the pickup of demand in Ontario just before the (EV incentive) program was canceled, we are working extremely hard to maximize our production to suffice our demand,” he told Automotive News Canada. “Last year we reached 60-day supply, which is the standard day supply for any vehicle.” An insatiable demand for your product is a good problem to have for EV makers and sellers, but for now it’s still a
Origin: New federal rebates cause EV supply shortage amongst B.C. dealers
Volvo signs multi-billion dollar EV battery supply deal
Volvo has bolstered its electrified model roll-out by signing long-term deals with battery makers CATL and LG Chem in a move set to “ensure the multi-billion dollar supply of lithium ion batteries over the coming decade for Volvo and Polestar models,” said the car maker. Volvo announced in 2017 that, from this year, all of its new models would be electrified. It also wants 50 per cent of its global sales to be electric cars by 2025. This agreement with CATL of China and LG Chem of South Korea will help secure that goal, and comes ahead of Volvo launching its first electric car later this year, a zero-emission variant of the existing XC40 compact SUV. The issue of battery supply is crucial for car makers as the industry forges ahead with electrification: in the last 18 months, a number of manufacturers are understood to have faced supply shortages forcing electric vehicle delays. This deal covers battery supply for the next generation of Volvo’s larger models, such as the XC60 and XC90, which will be built on a new SPA2 platform as well as cars on the maker’s existing CMA platform used in smaller models such as the XC40 and Polestar 2. “The future of Volvo Cars is electric and we are firmly committed to moving beyond the internal combustion engine,” said Håkan Samuelsson, Volvo CEO. “Today’s agreements with CATL and LG Chem demonstrate how we will reach our ambitious electrification targets.” Volvo’s first battery assembly line will launch before the end of the year at Volvo’s plant in Ghent, Belgium where the electric XC40 will be built. Plug-in hybrid variants of the XC40 are already underway on the
Origin: Volvo signs multi-billion dollar EV battery supply deal
Volvo announces multi-billion dollar battery supply deal
Volvo has bolstered its electrified model roll-out by signing long-term deals with battery makers CATL and LG Chem in a move set to “ensure the multi-billion dollar supply of lithium ion batteries over the coming decade for Volvo and Polestar models,” said the car maker. Volvo announced in 2017 that, from this year, all of its new models would be electrified. It also wants 50 per cent of its global sales to be electric cars by 2025. This agreement with CATL of China and LG Chem of South Korea will help secure that goal, and comes ahead of Volvo launching its first electric car later this year, a zero-emission variant of the existing XC40 compact SUV. The issue of battery supply is crucial for car makers as the industry forges ahead with electrification: in the last 18 months, a number of manufacturers are understood to have faced supply shortages forcing electric vehicle delays. This deal covers battery supply for the next generation of Volvo’s larger models, such as the XC60 and XC90, which will be built on a new SPA2 platform as well as cars on the maker’s existing CMA platform used in smaller models such as the XC40 and Polestar 2. “The future of Volvo Cars is electric and we are firmly committed to moving beyond the internal combustion engine,” said Håkan Samuelsson, Volvo CEO. “Today’s agreements with CATL and LG Chem demonstrate how we will reach our ambitious electrification targets.” Volvo’s first battery assembly line will launch before the end of the year at Volvo’s plant in Ghent, Belgium where the electric XC40 will be built. Plug-in hybrid variants of the XC40 are already underway on the
Origin: Volvo announces multi-billion dollar battery supply deal
Ferrari won’t supply engines to Maserati after 2022
2018 Maserati GranTurismo MCMaserati Maserati has had the proverbial rug pulled out from under it, with Ferrari announcing it would no longer supply engines to its Italian cousin. Ferrari CEO Louis Camilleri broke the news during his Q1 earnings call; the entire transcript is available through The Motley Fool. Eventually, we will no longer supply engines to Maserati, which from our perspective is actually a good thing, both from a margin perspective, but also the fact that we can transfer a lot of the labor that’s been focused on the engines to the car side of the business, Camilleri said. He added it would officially stop supplying Maserati with engines by 2021 or 2022. Arguably, the best reason to buy a Maserati was because of the Ferrari engine, which the company has been using since 2002 when it was in the same bed with Ferrari under Fiat’s roof. Ferrari was spun off from FCA in 2015 but continued to supply its 3.8-litre twin-turbo V8; 3.0-litre twin-turbo V6; and 4.7-litre naturally aspirated V8 engines to Maserati. Maserati was depending on the inclusion of Ferrari engines to help it revitalize its products, which haven’t been selling so well lately. As Maserati prepares for an advertising assault and an onslaught of new products, it will have to find a better selling point than the Ferrari engine. Perhaps Germany’s Mercedes-AMG, an engine supplier to many brands, would like to swoop in and take Ferrari’s place? More likely, Maserati will reach into the FCA parts bin for its engines, which isn’t necessarily a bad thing. We would do filthy things with a Hellcat-powered Grand Sport, you can bet on
Origin: Ferrari won’t supply engines to Maserati after 2022
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