EV Sales Jump by 31 Percent till August 2017
Electric vehicle sales increased by 31 percent across the United States for the data compiled till August 2017. As per InsideEVs report, 120,500 plug-in vehicles have been sold in the U.S. market till August 2017 compared to nearly 92,000 vehicles sold till August 2016.
Sales for EVs have been strong in July and August 2017. During August, a yearly jump of 14 percent has been witnessed while the sales were higher by 20% y-o-y during July 2017. Chevrolet Bolt EV has managed to generate impressive sales.
Tesla Model 3 has registered strong bookings. However, Tesla has a challenge to deliver the vehicles as promised. Elon Musk has indicated that Tesla Motors is committed to reach delivery estimates but the actual data for the past years has remained lower than estimates of the company.
Tesla Model 3 would improve the sales data from October onwards. As per industry reports, Tesla could produce nearly 20,000 Model 3 by December 2017.
Chinese authorities have taken a few steps in order to boost electric vehicle market in the largest Asian economy. It is yet to be seen, how many multinational automobile companies will be able to get a share in the Chinese market. It is quite likely that local automobile brands in China will gain in the latest push by the Chinese government for electric vehicles.
Ahead of the official unveiling of the BMW iX3 SUV at the 2018 Auto Show in Beijing this week, German automaker has shared a teaser video for the new vehicle, which is being considered a part of the automaker’s X SUV line-up.
According to a survey carried out by AAA, the adoption of electric vehicles (EVs) is encouragingly on the increase in the United States, with 20% Americans having expressed the possibility of going electric when they buy their new car.
British energy company BP has announced that it is investing an amount of $20 million in Israeli startup StoreDot which is known in the battery world for its ‘ultra-fast charging battery.’
During the course of Tesla Motors first-quarter 2018 earnings call, the company CEO Elon Musk teased a potential gigantic 1 GWh energy storage project which is likely to be announced soon.
In a new massive energy storage project in the UK, battery packs of BMW i3 electric car have been used for connecting to the UK National Grid.
At Tesla’s Q1 2018 earnings call this week, the electric vehicle manufacturer’s CEO Elon Musk said that he is expecting an approximate 600-mile range for the Tesla Semi electric truck.