It's pretty clear that many car buyers are very interested in electric cars, and that they love them when they drive them. Electric cars have a handful of natural advantages that offset their higher purchase cost: They cost far less per mile than gasoline cars, and they're simply nicer to drive. But if awareness of the many plug-in models now on sale is slowly increasing, why are sales of plug-in electric cars lower than many makers expected? (Although higher than hybrid cars at the same point in time.) Many impediments The challenge, as always, is what insiders call "getting butts in...
What Do Nissan Dealers Really Know About The 2011 Leaf?
It's hardly a secret that the 2011 Nissan Leaf is one of the most anticipated electric cars this year. Nissan now has over 20,000 customers who have paid $99 to be placed on the waiting list, securing a place in electric car history. But as with any new car roll-out, those who eagerly sign up for a...Nikki Gordon-Bloomfield
Why Is Tesla’s Stock Deflating After Only Two Days?
Good news for those of you who shorted Tesla Motors' stock: the electric car company’s shares are already falling in price as the zeal around its $226 million public debut begins to fade — after just two days. TSLA closed at $21.96 today, its third day of trading, after falling $1.87. Yesterday...John Voelcker
Five Things EVs Will Need To Do Before They Become Mainstream.
Let's face it. EVs are still a very small, very niche market. Expensive, short on supply and not even universally supported throughout the USA there are a whole series of achievements EVs will need to attain before they are considered regular cars. Here's the five most important things EVs will...Nikki Gordon-Bloomfield
Nissan Posts Q1 Losses, Confident of Future Leaf Success.
Nissan Motor Company, the maker of the 2011 Leaf EV, posted today a net loss of $125 million for the first quarter of 2010 and a $45.8 million profit for the full fiscal year ending March 2010 -- a distinct improvement on the $2.9 billion loss for the financial year ending March 2009. With orders...Nikki Gordon-Bloomfield
BMW Adds More Cash To Convince You To Buy Their Diesels
Despite IRS tax credits and superior gas mileage figures, BMW is reportedly having a tough time selling its new diesels, the 2009 BMW 335d sports sedan and the 2009 BMW X5 xDrive35d (yes, that's really its name). We've thought from the beginning that Volkswagen would be the big winner in selling...John Voelcker
Now that the 2010 Toyota Prius is available at most Toyota dealers, at least for test drives, we're waiting for its half-brother--the 2010 Lexus HS250h--to appear at Lexus stores around Labor Day. We've wondered for awhile what kind of sales Lexus expected, and now Automotive News reports that the sales goal is about 25,000 units for its first full year. For perspective, that's roughly 14 percent of the sales goal of 180,000 Priuses over the same period. In 2008, Lexus sold 260,000 cars and light trucks, or 12 percent of Toyota's sales of 2.2 million vehicles. Netting out light trucks, the...