Electric Vehicles

Tesla NJ stores to become showrooms after ban

Source: 
Bloomberg

Tesla Motors isn't shutting its stores in New Jersey despite the state's ban on the company selling directly to consumers, but will keep them open as showrooms while diverting the actual sales online, Bloomberg reports.

Electric car credit under review in Georgia

ATLANTA (AP) — Tax credits for low- and no-emission vehicles would be eliminated or scaled back under a plan from Georgia lawmakers who say the incentives are too generous, but manufacturers are concerned the plan would put a dent in their sales.

House lawmakers have approved a plan from state Rep. Chuck Martin, R-Alpharetta, that would repeal a maximum $5,000 tax credit for consumers who buy or lease electric vehicles and up to $2,500 in tax credits for low-emission vehicles. The proposal is now pending before the state Senate.

NJ OKs new car dealer rule Tesla calls 'affront'

TRENTON, N.J. (AP) — State motor vehicle officials have approved a regulation that would require all new car dealers to obtain franchise agreements to receive state licenses, a move critics say will hurt the electric-car industry's attempts to expand.

The regulation, adopted Tuesday by the state's Motor Vehicle Commission by a 6-0 vote, effectively prohibits companies from using a direct-sales model, which cuts out the middleman and takes vehicles directly to customers through smaller retail establishments. It will take effect April 1.

NJ MVC approves disputed new car dealer rule, Tesla unhappy

TRENTON, N.J. (AP) — New Jersey motor vehicle officials have approved a new regulation that would require all new car dealers to obtain a franchise agreement in order to receive a state license.

The regulation adopted Tuesday effectively prohibits companies from using a direct sales model, which cuts out the middleman and brings vehicles directly to customers through smaller retail establishments.

Critics say the regulation will hamper the electric car industry's attempts to expand its presence in New Jersey.

Tesla's giant battery factory could mark entrance into energy storage business

Source: 
E&E

Tesla's planned massive battery factory could have an impact beyond the electric car industry and give the company a foothold in the emerging energy storage sector, E&E reports.

Tesla plans new battery factory; will employ 6,500

PALO ALTO, Calif. (AP) — Electric car maker Tesla Motors is considering sites in Nevada, Arizona, New Mexico and Texas for a massive battery factory that would employ around 6,500 people.

Tesla plans to start construction this year and complete the factory in 2017.

The Palo Alto, Calif.-based company expects the factory to supply enough batteries for the 500,000 cars it hopes to make by 2020.

Consumer Reports names Tesla Model S its top pick

DETROIT (AP) — The Tesla Model S electric sedan is Consumer Reports' top pick in this year's automotive rankings.

The magazine cited the Model S's sporty performance and technological innovations, including its 225-mile range. But it acknowledged that the car is expensive. Consumer Reports paid $89,650 for the Model S it tested.

For less than a third of that price, the Toyota Prius hybrid got the nod as Consumer Reports' top green car. The magazine also cited strong fuel economy in naming the Honda Accord as the top midsize car and the BMW328i as the best sports sedan.

Analyst doubles price target, boosts Tesla shares

NEW YORK (AP) — Shares of Tesla Motors Inc. surged Tuesday after a Wall Street analyst told investors that Tesla could shake up the electric utility sector as well as the auto industry.

Analyst Adam Jonas of Morgan Stanley wrote in a note to investors that Tesla could nearly double its share of the global car market by 2028. And it also could create another lucrative business by building battery packs for energy storage. He doubled his target price for Tesla stock to $320 per share from $153.

Tesla shares rose $30.35 to $248.

Electric bicycles hitting US market

Source: 
E&E

More electric bicycles will be on sale in the U.S., and one start-up peddling them hopes to create a new, cooler image that will increase their popularity, E&E reports.

Fisker owes creditors nearly $1B: Court filing

Source: 
The News Journal

More than 600 claims have been made against Fisker Automotive, for more than $985 million, according to a filing made in bankruptcy court in Delaware, The News Journal reports.

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