Italian EV sales stay afloat in catastrophic March for car industry

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A matter of weeks. That’s all it took for the Coronavirus pandemic to change the face of the world and wreak havoc at an unprecedented scale on all aspects of human life. The economic fallout of this health emergency has proved particularly quick and devastating on the transport sector, as entire continents try to slow the spread by adopting strict lockdowns. It won’t come as a surprise then, to see the car industry’s March sales numbers already showing the full effect of this crisis.

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Posted in Green Cars | 5 Comments

Italy’s EV sales hit new records in February amidst wider market crisis – 10 times last year’s sales

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February sales figures for the Italian EV market were awaited with interest, following a great start of the year last month. Would earlier trends be confirmed? Stats released by Unrae are now out and the numbers don’t disappoint, in fact new record sales mean that exactly 10 times as many full electric cars were sold in February 2020, compared to the same month last year.

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2020 starts with a bang for Italy’s EV market – January sales up 587%!

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January sales are out for the Italian car market, and electric cars are up by nearly 600% (!) over the same month last year. 1943 BEVs were sold in the country, an epic surge over last year’s 283 units during the same period. Surprised? 2020 was awaited with great anticipation in the EV community, with many new electric models entering the market and stricter emission regulations by the European Union forcing automakers to sell cleaner cars. A surge in popularity for EVs was expected, but the first month of the new year goes beyond expectations.

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Posted in Green Cars | 3 Comments

Tesla could speed past 500,000 sales in 2020 – 50% YoY growth?

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Can 2020 be yet another year of spectacular growth for Tesla? Just ahead of the company’s quarterly call, we can try to predict production figures for what promises to be another banner year for Musk’s company, as electric mobility picks up share in the global car market and the Californian startup expands its footprint on many fronts.

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From Tesla killers to unwitting Tesla ads: the uphill battle of premium legacy brands has just begun

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It was a favourite term by skeptics and detractors for years: the “Tesla killer”. The theory was that, as soon as premium car makers would start producing their own full electric models, that would be the end for the fragile Californian startup. After all, how could Musk’s company even dream of competing with the century-old, giant automakers’ well-oiled machine?

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Posted in Green Cars, How hard can it be? | 4 Comments

Italy’s tiny EV market doubles again – Over 10,000 sales in 2019

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It’s taken a long time, but Italy’s electric car market is finally starting to take off. Official figures released by Unrae (the association of foreign car makers in Italy) confirm 10,566 battery electric cars were sold in the Bel Paese in the twelve months of 2019, doubling 2018 sales and consolidating a trend of exponential growth started two years ago. But why should we care, when a much smaller car market such as Netherlands’ saw over 12,000 Tesla Model 3s being sold in the single month of December?

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Posted in Green Cars | 4 Comments

Was Fiat the surprise EV hero of Geneva’s Motor Show?

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This year’s hotly anticipated Geneva Motor Show offered the best proof of the relentless progress electric mobility continues to make in the auto industry. One wouldn’t need to dig too deep into the news from Geneva to understand the impact that EVs – production models and concepts alike – have made on most brands that attended the event. Electric cars quite literally stole the show. But in all this display of electric goodness, which car surprised the most?

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Has Elon Musk just engineered the short burn of the century?

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Tesla shorts may be in for a treat, as Elon Musk has just set the stage for an unprecedented “burn of the century”. By now, everybody knows Tesla’s CEO set Twitter and financial media on fire last Tuesday as he revealed his plan to make Tesla private, withdrawing it from the stock market at a guaranteed $420 per share, or 20% over the price at the time of the announcement. Importantly, Musk also clarified that funding for the buyout is already “secured”: a crucial, jaw-dropping detail which implies tens of billions of dollars would be ready to change hands should the deal go ahead. Continue reading

Posted in Clean Energy, Gotta Be Kidding, Green Cars, How hard can it be? | 1 Comment

Marchionne is last to join the EV bandwagon, but can Fiat still compete? (Part 2)

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[Follows from Part 1]

The Future Vs Marchionne

June 2018: methane may not be Fiat’s new technological focus after all. Also, improving traditional Diesel engines is ultimately not feasible, so those will instead be fully scrapped by 2021. The much-derided electrification now lies at the core of the new industrial plan 2018-2022. Fiat’s new agenda announced in Turin means billions will be spent on introducing all kinds of hybrids – from mild to plug-in – and even pure evil, pure battery electric cars. While the hypocrisy of this U-turn is exceptionally striking, both in environmental and financial terms, perhaps we should appreciate Marchionne’s pragmatic attitude, as he is forced to act by the “adapt-or-die” situation the laggard Chief has found himself into. So what’s in store exactly? Among the various brands that fall under FCA, Fiat and Jeep look set for the most substantial changes.

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Posted in Gotta Be Kidding, Green Cars, How hard can it be? | 4 Comments

Marchionne is last to join the EV bandwagon, but can Fiat still compete? (Part 1)

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Fiat Chrysler’s CEO Sergio Marchionne unveiled his last 5-year industrial plan for the Italian-American carmaker a month ago in Turin, Italy. The much anticipated event did not disappoint, as the CEO – now 14 years into his reign at the helm of FCA – confirmed the company would be finally rid of its long standing debt in a matter of weeks (the debt stood at €4.58 billion in 2016). More importantly, in a major U-turn from past statements, Marchionne announced a major investment of 9 billion euros aimed at the electrification of Fiat Chrysler models to the detriment of diesel engines – to be abandoned by 2021 -, finally bowing to the technological revolution that is changing the face of the global car industry at ever faster pace.

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Posted in Gotta Be Kidding, Green Cars, How hard can it be? | 4 Comments