China will extend tax rebate for new-energy vehicles

China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, said in a statement  on Wednesday the finance ministry. The tax rebate was set to expire at the end of this year, but the government decides to extend the tax refund to incentive automakers to produce more electric vehicles.

“The extension would help increase support for innovation and development in new energy vehicles”, said the Ministry of Finance Xiao Jie. Beijing’s automakers are investing a lot in plug-in electric vehicle and the trend seems unstoppable:  in 2017, the PEV market share of all new car sales crossed 3% for the first time, while the 2017 PEV market share is above 2%, firmly ahead of last year’s average (1.5%), CleanTechnica reported.

China has become the world’s largest automotive market, but local firms still can’t compete worldwide with big brands as General Motors, BMW, Mercedes or Audi, and Beijing’s government  wants to catch up global automaker rivals.

 

Ford announces plans to shift productions of electric SUV to Mexico

Ford Michigan Assembly Plant

Thursday 7 December, Ford announced plans to make electric SUV at its Cuatitlan factory, in Mexico. The company declared that shifting production of an electric SUV from the U.S. to Mexico will allow to make more self-driving vehicles in Michigan.

The automaker said in March it would not build a new plant in Mexico and it announced to expand the production of EVs and autonomous cars in Flat Rock, a move that would created 700 jobs, as the company said. The plan was prepared after Donald Trump threatened to withdraw the U.S. from the North American Free Trade Agreement. The United Automobile Workers (UAW) told to Free Press that “the latest decision by Ford to produce the EVs in Mexico will not result in fewer jobs at home because the union already negotiated future job commitments”.

Furthermore, Ford  announced to add a second autonomous vehicle to the Flat Rock Assembly Plant and to increase the investment in Flat Rock to $900 million as well as hire a total of 850 workers.

4 amazing things Tesla has already achieved

Tesla roadster 2020 prototype

1. Tesla and Musk proved that the electric cars are competitive and performing

The Tesla roadster was a revolutionary car and Tesla’s first battery electric vehicle (BEV). Produced from 2008 to 2012, only 2.500 cars were made. The Tesla roadster is a high performance sport car which can  accelerate from 0 to 97 km/h (0 to 60 mph) in 3.7 or 3.9 seconds and has a top speed of 201 km/h (125 mph), numbers that are comparable with cars of the same category.

The Tesla roadster can travel  more than 320 kilometres (200 mi) per charge, and in 2009 it sets the world record distance of 501 km (311 mi) on a single charge at an average speed of 40 km/h (25 mph).

The company proved to the world that the electric cars are serious staff and it is a valid alternative to fuel cars.

2. Musk forced the whole car’s industry to electrification

Musk was successful in pushing the whole car’s industry to electrification. In 2016 the sales of electric cars reached 260.000 units, compared to 41.000 in 2013. Now every player in the industry is pushing for the electrification to not lose the competition against Tesla.

Analysts now say that by 2040, 54% of the cars will be electric.

3. Tesla’s autopilot sets the future for the industry

Similarly the Tesla’s autopilot, released in October 2015, sent a clear signal to the rest of the industry about the future. Now, all the major automakers have  their own projects to roll out semi-autonomous or highly automated systems. Autonomous systems are gonna totally change the way people interacts with the vehicles.

4. The most innovative company of the world with a market cap of $51 billions.

In 2015 Forbes declared Tesla as the most innovative company of the world. Currently is in second position, behind Salesforce.com and ahead of Amazon. With a Market Cap of $51 billion, Tesla becomes one the most valued company in the car’s industry, overtaking giants like BMW, General Motors, Ford, Honda. In August 2017 the company becomes the #4 ranked automaker globally and the #1 maker in America.