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Electric Vehicles

Tesla, GM, & Toyota Battle for Customers

OCTOBER 11, 2016
b Donn Dears
 The electric vehicle battleground at the end of September saw a major increase in the number of PHEVs and BEVs being sold during the 3rd quarter, and a continuing shift away from Hybrids, such as the original Prius.

Overview of different types of electrified vehicles:

  • BEVs are vehicles powered entirely by battery power.
  • PHEVs use the battery to travel the first 35 miles, then switch to an internal combustion engine to extend its range.
  • HEVs are essentially battery-assisted vehicles that use the internal combustion engine to power the car. Batteries don’t provide the motive power for the vehicle.

Observations:

  • Tesla also sold cars in Europe and elsewhere. Total Tesla BEV sales for the 3rd quarter were 24,500 vs the 15,425 sold in the US.

  • There appears to be a shift away from HEVs to PHEVs. Toyota has indicated it may ditch the HEV Prius for the PHEV version.

  • Year to date, PHEVs have had the largest percentage increase in sales, three times that of BEVs, but BEV sales were 22% greater than PHEVs.

  • BEV sales are still less than 1/2 of one percent of total light vehicle sales, which is the same as last year.

  • Since 2010, a total of 268,785 BEVs and 242,203 PHEVs have been sold.

  • Since 2010, federal and state governments have used tax payer money to subsidize plug-in vehicles to the tune of $3,500,000,000.

  • Tesla has received $390,000,000 from its sale of California Zero Emission credits.

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