Government cuts electric car grant from £3000 to £2500 | Autocar
Electric cars costing more than £35,000 will now no longer be eligible for the incentivewww.autocar.co.uk
Model 3 starts at 40k GBP.
So much for our government being green focussed
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
So much for our government being green focussed
The shield was to prevent the square front of the battery pack from grabbing road debris and turning it into a pole vault type scenario. It won't do anything about coming down on a big rock.
Government cuts electric car grant from £3000 to £2500 | Autocar
Electric cars costing more than £35,000 will now no longer be eligible for the incentive
Model 3 starts at 40k GBP.
This will hit Model 3 sales in the UK. As from today they will become £3,000 more expensive (current price after the grant is £40,490). Wont affect S and X which are already higher than the existing threashold of £50K. Will also hit EV sales generally in the UK, which generally cost more than £35K. Not good news.
Tesla stops assembly of Model S/X in Tilburg (The Netherlands), potentially laying off almost a hundred employees:
www.nu.nl
With the new S/X, it’s apparently not worthwhile/technically possible to ship the battery and the remainder of the car separately to Europe to avoid import tariffs.
Tesla trekt stekker uit assemblage in Tilburg: bijna honderd banen op de tocht | Onderweg | NU.nl
Tesla stopt op "zeer korte termijn" met het in elkaar zetten van de Model S en Model X in Tilburg. De modellen zijn eind januari opgewaardeerd, waardoor het productieproces in de Verenigde Staten zo is gewijzigd dat assemblage in Nederland niet meer mogelijk is. Hierdoor staan maximaal 96 banen...
www.nu.nl
Lomborg is really skilled at presenting an argument that non-experts will find convincing, but is total garbage. In this short passage he makes several deliberate errors, but without actually lying, so that the general public will get completely the wrong message.
1. First note how he plucks 10 ton of CO2 out of the air, it is probably too low, he is well known for cherry-picking data to find the one bit that best fits his argument. My own research is that a typical ICE car will produce 60 tonnes of CO2 and that it takes 17.5 tonnes of CO2 to make an electric car.
2. The next is that he assumes that people could cut the CO2 by buying emissions credits under a cap-and-trade scheme for $6/tonne, and that increased demand will not drive the price up. For an economist that is a really bad assumption.
3. Next is the $7,500 being spent on subsidies, that is spent by the government (notice how he changes from individual spending to government spending). It is also a tax rebate, not direct government spending, which has subtly different effects which we can ignore, but it is typical of Lomborg that he mixes up pots of money and assumes that money from one pot can just be used in any arbitary way.
4. If the government wanted to spend $7,500 in reducing CO2 by buying emissions credits it could spend the money directly, so at $6/tonne it could buy 1,250 tonnes. Obviously that would cause the price to shoot up, but Lomborg wouldn't want that because it is against the interests of his paymasters.
5. But if the government (I'm using government loosely to be at both federal and state levels) wanted to reduce CO2 by cap-and-trade they can just reduce the cap, that would cost them nothing, and they could still spend the $7,500 subsidizing EVs.
6. Lomborg mixes up supply side measures (buying emissions credits) with demand side (EV subsidies).
7. And the elephant in the room. Teslas are already cheaper in 5 year cost of ownership than equivalent ICE cars. So from a consumer perspective having to buy emission credits tips the advantage even further to Tesla.
The difference will be about one percent over the entire life of the tire (Model Y, 19"). not sure that's enough to make a valid measurement given that there is some manufacturing variability.
petit_bateau
Active Member
A couple of Reuters pieces on Indian energy situation that may interest folk here
- article : Column: India may join net-zero emissions club, but membership won't be easy
- chartbook, see esp p22 onwards https://fingfx.thomsonreuters.com/gfx/ce/jznvngxndpl/INDIA'S ENERGY SYSTEM.pdf
- article : Column: India may join net-zero emissions club, but membership won't be easy
- chartbook, see esp p22 onwards https://fingfx.thomsonreuters.com/gfx/ce/jznvngxndpl/INDIA'S ENERGY SYSTEM.pdf
Most likely doesn't matter for the EU right now since everyone is expecting a price drop after Berlin is online, and EU couldn't get enough supply anyways. Kind of sucks that this policy is immediately active. Shouldn't the government have a grace period with such changes?
UK Government grant page Low-emission vehicles eligible for a plug-in grant
Time for Tesla to sell a software limited version with 70 mile (112 km) range for £35,000
Government cuts electric car grant from £3000 to £2500 | Autocar
Electric cars costing more than £35,000 will now no longer be eligible for the incentive
Model 3 starts at 40k GBP.
Time for Tesla to sell a software limited version with 70 mile (112 km) range for £35,000
I can't remember it in the recent budget. Any change like this should have been in the budget, there is no excuse.
Perhaps it is payback for Tesla choosing Germany for their European factory, or an attempt at leverage (we'll up the limit if you build a battery factory here).
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1. COVID posts
2. “WAAAH! My OT post was deleted and nobody told me” posts. Receiving a notification that your post has been taken down is now and ALWAYS has been a privilege, one not always given, and almost never given if the post not only was an egregiously obvious off-topic post, but also amongst a Donnybrook pile-up of same~~~
RobStark
Well-Known Member
Can't Tesla just make a RHD MiC Model 3 with LFP pack for 35k GBP?
It may not be worth it. From the article, it sounds like they're going to ratchet down the limit again next year.
UkNorthampton
TSLA - 12+ startups in 1
@Singuy - UK not in EU
I'm assuming car imports from EU to UK needs an agreement ratified, otherwise it's WTO terms. This agreement is arguably in some jeopardy due to EU concerns about alleged UK treaty breaking (twice).
China-sourced cars might be best for Tesla to reduce risk, but they know a lot more than me. Shipping lead times mean that decisions have to be made without certainty. If I was Tesla, I'd just concentrate on other European (geographical) markets, but again, Tesla will be in a better position to judge. They'll sell everything they send. RHD in a few small EU markets, otherwise LHD.
Perhaps for UK Model 3:-
China SR+
LRAWD - maybe skip UK for now or send from either location of USA/China
Performance - send from either
Model Y: TBD
@RobStark - I'd hope so, from memory, I think a lot of M3 sales in UK are Performance & SR+, although only SR+ & LRAWD got the grant - Vehicle Incentives - says under £50k for grant (page shows old info as change only announced by Gov today). Tesla Model 3 Long Range Performance says £56+K for Performance M3
"Ratification
The internal procedures of the UK and EU/Euratom have to be followed for ratification after signature. For the UK, this means approval by Parliament. For the EU, this means a decision by the Council of the European Union after receiving the consent of the European Parliament.[17]
In the UK, on 30 December 2020 the government introduced to Parliament the European Union (Future Relationship) Bill that implements the TCA.[18] The same day, the bill passed the House of Commons with 521 votes to 73, and was approved by the House of Lords. It became the European Union (Future Relationship) Act 2020 when it received royal assent on 31 December 2020.[19]
On 4 March 2021, the European Parliament postponed its ratification decision, which had been planned for 25 March. The EU accused the UK of proposing for a second time to break international law, after UK ministers announced the unilateral extension of the grace period on certain checks on trade from Great Britain to Northern Ireland.[20]
Provisional application and entry into force
The agreement can be provisionally applied from 1 January until entry into force, but (unless the final date is extended again) not beyond 30 April.[21] The original final date for end of the provisional application was 28 February 2021.[22][23][24] The Council decision on the signing also included approval of provisional application, provided the UK also decides to provisionally apply the document.[1][25] Provisional application took place from 1 January 2021,[2]"
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Is the 35k after or before Vat? Also will there be an import tax of 20% since UK is no longer part of the EU after Berlin is online?
If people here have never watched the series Billions, I highly recommend it as it gives you a sense as to the some of the tactics hedge funds deploy to pump or short stocks (and its overall an entertaining series).
What @Lycanthrope suggests is actually entirely in the realm of possibility.
Given that the cost of labor+material sourcing is cheaper in China, if the 20% import tax is still intact out of Berlin then China may be a better solution.
Or Tesla can just reduced the price down to 38k or something and have the market decide if they want the premium car vs the lower mileage ones.
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