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On March 19, 2019, NHTSA published General Motors’ petition seeking a temporary exemption in order to field a fleet of its fourth generation Cruise AV vehicles without traditional vehicle controls.  When the vehicle was first announced by GM in early 2018, images depicted a Chevy Bolt interior, absent a steering wheel, pedals and mirrors, which are required under current U.S. vehicle regulations.  Dan Amman, former president of GM and now-CEO of GM subsidiary, Cruise Automation,…
Starting around 2010, China introduced a series of electric vehicle subsidies aimed at greatly improving the adoption of EVs throughout the country.  The generous subsidies, which are provided by both the central and local governments, amount to RMB 66,000, which is approximately $10,000.  The subsidies have had immense success over the past decade, with exponential sales growth leading to 770,000 EV sales in 2017.  However, with EV sales expected to continue growing, so too does…
The U.S.-China trade deficit, which last year totaled $376 billion, has become the center of an ongoing trade war between the two nations.  A series of reciprocal and ratcheting tariffs have escalated these tensions, rapidly shifting which manufacturing sectors are profitable and which are not under the ever-unfolding tariff regime.  However, a September Initial Public Offering (IPO) by Chinese electric vehicle startup, NIO has shed light on one tactic that U.S. markets may employ…
With the prevalence and advancements of autonomous vehicles continuously gaining traction, many are left wondering what this will mean for society as a whole, including changes to infrastructure and how we interact with our vehicles.  Indeed, many questions remain unanswered, such as the price of autonomous vehicles, the level of driver involvement (and whether a driver will even be required to be present), and how companies will utilize such vehicles.  In addition, with Uber’s well-publicized…
When the Toyota Prius was first introduced to the United States back in 2000 (and to Japan earlier in 1997), it set the stage for a distant future tsunami of hybrid models.  However, early hybrid models were aimed at meeting fleet fuel economy standards, and were often billed as “compliance cars,” requiring state or federal incentives and long-term ownership for buyers to recoup the higher cost of the electrified powertrain.  To make matters worse, these…
Earlier this week, General Motors unveiled its latest introduction of peer-to-peer (P2P) car sharing on its Maven platform.  Up until now, the Maven fleet consisted of GM-owned vehicles parked around 11 cities in the United States, which users could rent as an all-inclusive service.  Under the new Maven Peer program, which is being piloted in Chicago, Detroit, and Ann Arbor, owners of GM vehicles 2015 and newer will be able to add their vehicles to…
Recently, Representative Peter Welch of Vermont introduced legislation restructuring the planned phase out for the current electric vehicle $7500 federal tax credit.  As has been discussed in great detail in this blog, the current electric vehicle incentives begin to phase out individually for each manufacturer when that manufacturer delivers its 200,000th electric vehicle.  As a policy mechanism, the federal electric vehicle tax incentives positively influence both consumer and automotive manufacturer market behavior.  When implemented…
Recently, Representative Peter Welch of Vermont introduced legislation restructuring the planned phase out for the current electric vehicle $7500 federal tax credit.  As has been discussed in great detail in this blog, the current electric vehicle incentives begin to phase out individually for each manufacturer when that manufacturer delivers its 200,000th electric vehicle.  As a policy mechanism, the federal electric vehicle tax incentives positively influence both consumer and automotive manufacturer market behavior.  When implemented…
Recently, Representative Peter Welch of Vermont introduced legislation restructuring the planned phase out for the current electric vehicle $7500 federal tax credit.  As has been discussed in great detail in this blog, the current electric vehicle incentives begin to phase out individually for each manufacturer when that manufacturer delivers its 200,000th electric vehicle.  As a policy mechanism, the federal electric vehicle tax incentives positively influence both consumer and automotive manufacturer market behavior.  When implemented…
In 2017, for the first time ever, Norway registered more electric and hybrid vehicles than traditional vehicles with internal combustion engines.  Even in the United States, as of May Tesla’s Model 3 became the best selling vehicle in its segment, regardless of powertrain, beating out traditional stalwarts from the traditional German luxury marques.  However, with all of the incentives surrounding EVs, it is important to take stock in the externalities driving consumers toward larger-scale EV…