Daily Archives: September 3, 2017

Tesla’s used car sales ecosystem growing rapidly

Electric Cars, News, Reviews and Comment, Tesla

As part of its progress towards becoming a fully-fledged OEM, Tesla is now quickly adding considerable scale towards its used car business cash flow.

As part of its progress towards becoming a fully-fledged OEM, Tesla is now quickly adding considerable scale towards its used car business cash flow.

Its nascent used car operation in the first six months of this year has already well surpassed sales from 2016 – and if the pace continues would result in a tripling of the size of the business in just a year. Total 2016 sales reached $117.4m (€99.8m), and sales recorded so far this year have topped $154.1 million (€131.0m).

Tesla says the sales jump is down to more used Tesla vehicles being in circulation, as well as due to the support of various Tesla trade-in programmes. It is now itself also listing its stock of used cars online on Cars.com following owners having listed their own vehicles on the website for some time.

In the second quarter of 2017, Tesla’s total business – including Tesla cars on the way to the consumer, vehicles in Tesla showrooms, used Tesla vehicles and energy storage products – reached $1.47 billion (€1.25 billion). After a falling out over how to treat existing clients, Tesla CEO Elon Musk ousted executive Klaus Grohmann in March, meaning Grohmann’s Prüm, Germany-based firm Tesla Grohmann Automation, which gave Tesla fundamental engineering expertise, will be playing an increasingly small role going forwards, with more development being done in-house.

As part of its Q2 filing, Tesla said:

‘In future periods, we do not anticipate meaningful revenue from sales of powertrain or other vehicle systems and components to third parties.

‘However, we anticipate that revenue from sales of pre-owned vehicles will continue to increase as the volume of pre-owned vehicle sales increases and that revenue from services by Grohmann will decrease as we primarily consume internally its services.’

Read more: Autovista Group

Greener electricity generation makes EVs cleaner than ever

Electric Cars, News, Reviews and Comment

The electricity going into electric cars is made by ever-cleaner sources

Nissan Leaf

Electricity used to charge electric vehicles (EVs) is now cleaner than ever before, a study has revealed.

The Electric Insights report, which was produced by Imperial College London researchers and Drax Power, found that electricity generation between April and June this year contained 199g of CO2 per kilowatt hour – 10 per cent less than last year’s minimum set.

This decarbonisation of electricity generation in the UK means that EVs are now cleaner than ever, as the energy used to charge them is increasingly coming from greener sources.
Dr Iain Staffell from Imperial College London said:

“It is widely accepted that electric cars dramatically reduce air pollution in cities, but there is still some debate about how clean they actually are – it varies depending on where the electricity to charge them with comes from.

“According to our analysis, looking at a few of the most popular models – they weren’t as green as you might think up until quite recently, but now, thanks to the rapid decarbonisation of electricity generation in the UK, they are much better.

“For example, producing the electricity to charge a Tesla Model S back in 2012 would have created 124g of carbon per km driven. Nowadays emissions from charging the same car have halved to 74g per km driven in winter and just 41g per km in summer – thanks to the decarbonisation of electricity generation in the UK.

“Smaller electric cars like the Nissan Leaf and BMW i3 can be charged for less than half the CO2 of the cleanest non-electric car on the market – the Toyota Prius hybrid.”

The UK is now home to more than 100,000 electrified vehicles, which now count for 1.8 per cent of new car registrations.

Electric cars are going to become an increasingly common sight on roads around the UK over the next few years. Last month, the government announced that the sale of new petrol and diesel vehicles will be banned by the year 2040 – meaning motorists will have to look to other means of powering their vehicles.

Source: Shorpshire Star