Archives – October, 2014

Tesla Announces Leasing Package for Electric Cars

28tesla-superJumboWith car companies seeking to take advantage of the rising demand for electric and hybrid cars, car companies are introducing attractive payment terms to entice customers. Tesla Motors has recently introduced a new package of lease offers for its line of S full electric vehicles. The option comes with a three month return policy. According to Chief Executive Officer Elon Musk at Tesla, this is an exciting offer for their customers because they offer a longer period of three months within which they can return the car. This is something that most of their competitors have not been able to do. This means that if a customer for any reason does not like the car, they are free to return the car to the company and the remaining lease obligation will be forfeited.

There are some limitations for this offer that have been stipulated by the company. Some of the limitations include the fact that a driver cannot use the offer to immediately lease another Tesla Model S. However, drivers who would like to upgrade to the new model can easily do this with some additional fee to cover the difference between the value of their old car and the value of the new car.

The company has also signed an agreement with a local bank in the United States to start giving out leases for the Tesla car model at a rate lower than what the company is offering. According to the CEO of the company, the leases provided through the bank will be up to 25% cheaper than what Tesla will be offering. This is sure to come as good news to consumers who would like to save some money while shopping for their car.

According to the company spokesperson, the deal with the bank was not motivated by the sales performance of the company. The demand for the Tesla cars continues to remain strong. There have been long-term plans of getting into this agreement with the bank for some time.

This month the company made an addition into their car portfolio. The company has introduced a four-wheel drive version of the Model S. This car offers a significant upgrade on the previous models. The car features simultaneous driving capabilities that give the drivers hands off the wheel and foot off the pedal highway driving capabilities. It is encouraging to note that the stocks of the company have been on the rise since the beginning of 2013. This means that the company has been doing everything right and there is little chance that they are wrong on this one.


Leave a Comment October 31, 2014

New Version of Chevrolet Volt Planned for 2015

Motors-superJumboThe Chevrolet Volt has so far been one of the slowest selling cars in the General Motors car portfolio over the past few years. The company is determined to turn things around and are now planning to release a new version of the car in 2015. Most of the parts production for the car will take place in Michigan. According to the Chief Executive of GM, Mary T. Barra, the new version of the Volt will come equipped with better driving range and fuel economy. This reaffirms the long-term commitment of the company of moving towards electric car technology.

The car will be able to store more power in its batteries and this means that the car will be able to drive further on battery power. The acceleration of the car will also be improved. The engine design will come from the new engine family that was recently introduced by the company. This design is meant to reduce the fuel consumption of the car.

The company intends to focus most of their production functions for their Volt components in its Michigan plant. This is meant to reduce the cost of production of the vehicle, which will in turn translate to lower purchase cost for consumers. The company also has plans for moving their plant for producing electric drive systems from Mexico to their transmission plant located in Detroit. Their new gasoline engine will now be produced in Flint. All this has been strategically planned to ensure that that company is able to cut costs and come closer to their consumers so as to be able to meet their needs better. The company recently announced that it will be injecting an additional $300 million into their plants to support their car electrification process.

Over the last nine months the sales levels for the Volt have been slipping. In the United States alone, the sales dropped by about 13%. This was a setback in the overall sales levels of the company because the company recorded an overall growth of 4%. The company feels that the drop in the sales level of the Volt has been caused by the availability of cheaper gasoline, which has made conventional cars more attractive to consumers recently. The Volt version that is currently in the market is able to drive for up to 40 miles purely on electric power. The mileage for its engine is about 35 mpg. The new version is expected to significantly improve these numbers.


Leave a Comment October 31, 2014

Lamborghini Unveils Their First Hybrid Car

02LAMBO-image-superJumboCar manufacturers are increasing their car portfolio by the day and Lamborghini has decided not to be left behind in this revolution. Lamborghini unveiled the Asterion LPI 910-4 this year. This is so far the company’s first plug-in-hybrid vehicle.

The company maintained its naming convention using the 910 suffix. This convention refers to the 5.2-liter V10 engine combined with three electric motors. The LP1 is an Italian term that indicates that the engine of the car is located at the rear end of the car. The number 4 in the name is used to imply that that the car is a four-wheel drive.

According to the company, the car can accelerate from zero to 62 mph in a space of 3 seconds. The car has a top speed of up to 200 mph. It is also amazing to note that the car can drive for up to 30 miles on electric power alone.

The name of the car, Asterion, seems to have deviated from the conventional naming system for the company. This is because the name is of Greek origin. The customary name for naming cars in the company has all along been naming cars after fighting bulls. The company CEO justified this deviation in the naming convention by stating the fact that the Asterion is a name of a Minotaur, which in its nature is a hybrid of a man and a bull. This is exactly what this car represents to the world and to their consumers. It is the hybrid of two powerful technologies that seek to take advantage of the strengths gained from each other.

The company is now laying down plans to have the commercial production of this vehicle within the shortest time possible. The company has set forth an ambitious plan of building machines that use less fuel, release lesser amounts of harmful gases into the atmosphere, and increases the performance of the vehicle beyond the capacity of their current range of conventional vehicles in the market.

The company has already invested a significant amount of its resources into research and development on the hybrid technology. The release of the Asterion LPI 910-4 will be the stepping-stone of the company into the production of this new technology fleet of cars. With the hybrid market demand increasing by the day, we can be optimistic that this is going to be a successful venture.


Leave a Comment October 24, 2014

Toyota Has Made over 7 Million Hybrid Car Sales

toyota-logo-pngToyota prides itself as having been the first company to start the commercial production of hybrid cars in the world. The Toyota Prius hybrid car was the first hybrid vehicle to be commercially produced and has since then spurred the hybrid car revolution. The company has continued to grow in terms of the number of units being sold around the world. Over the past nine months alone the company was able to sell over one million hybrid cars. This brought sales to the 7 million mark since the sale of their first hybrid car. This is so far the highest number achieved in any of the hybrid car manufacturers around the world.

The Japanese car manufacturing company has so far produced 28 different models of hybrid cars. This number of course includes the Prius plug-in hybrid car. Toyota has so far been able to sell their hybrid cars in over 90 countries around the world. The model strategy for the company for the 2014-2015 financial year includes a release of about 15 new models of hybrid cars. In the UK, the company has put in place plans to have the Lexus NX 300h crossover model released this year.

The company passed the 6 million mark earlier this year when it more than doubled the 3 million sales that was recorded back in 2011. The company now has plans of introducing a new line of vehicles that will be hydrogen and cell powered. The company hopes to emulate the success of the Prius. The introduction of these new vehicle models is expected to build on the 7 million sales revenue that was recorded at the end of September 2013.

Some of the reports from the company that would likely appeal to the environmental conservationist include the fact that there has been visible effect on the environment. The company reports that there has been a reduction by about 49% in the amount of toxic carbon dioxide entering the atmosphere. On the same measure the company also reports that there were fuel savings of over 18,000 million liters of petrol. This is good news considering that the natural resources around the world such as gasoline are increasingly becoming scarce. This means that the cost of fuel is also increasing. Toyota realizes this and the company has been doing all the research to ensure that the hybrid vehicles they produce are increasingly less reliant on the fossil fuel.

The company says that it will continue with its efforts to increase the performance of their vehicles, reduce costs, and expand its range of products.


Leave a Comment October 24, 2014

Eco Cars

start-stop-techology-fuel-saving-hypermilingEveryone driving a car in the 21st Century will agree with you that there is great need for us to go green. Environmentalists have been fighting for the government and people to implement laws that will help reduce the amount of toxic gases that are released into the air. The facts on the ground are that the world population is growing at a much faster rate than the resources that are supporting it. This is especially evident in the motor vehicle industry. The number of vehicles on the roads is increasing at a faster rate than the amount of the resources, fuel that can support these vehicles. This has been the main cause behind the high cost of fuel that has been witnessed in most parts of the world. For many years now, the car has been seen as the source of the main problem of pollution in the world. In 2006 for instance, the transport industry in London alone produced about 9.6 tons of poisonous carbon dioxide gas. This is surprisingly equivalent to the weight of over 200 Titanics!

It is pleasant to note that car manufacturing companies have responded well to this realization. These companies have started investing in cutting-edge technology that is reducing the amount of fossil fuel consumed and reducing the amount of waste emissions that are being produced. It is impressive to note that it would take at most, 300 modern hybrid cars to produce the same amount of emission that the Ford Fiesta manufactured in 1976 did. This is very impressive! This makes us wonder about what has happened between then and now.

On top of the technological advancements that have been introduced in the form of electric cars and hybrid cars, there has been advancement in the ‘eco trim’ technologies. These are little changes in technology such as having low resistance tires and start-stop technologies in engines. These have proven that they can go a long way in making a difference in the environment. The start-stop technology has been very useful in significantly reducing the fuel mileage in most of the cars in the market.

These technologies have proven that they can deliver the same great driving experience while reducing the amount of toxic wastes that they emit into the environment. With all of the car manufacturers trying to beat each other producing the best green cars, it has become a matter of choosing which car to take. This is because a majority of the modern cars are now in the green car category. The car that you buy today is definitely greener than the car you are replacing.


Leave a Comment October 17, 2014

Implications of the New Mileage Standards

2012HondaCivicHybridNew standards on fuel mileage were recently announced for cars to adhere to by 2025. This has caused most of the car manufacturers to devote more of their resources to improving the efficiency of their vehicles. The release of these standards have also resulted in a change of the consumer trends around the country. This is because consumers are increasingly becoming conscious about the effects that that their cars have on the environment.

Start-Stop Technology

This is a new technology that will help further improve the mileage of vehicles. This is because the technology shuts off the engine of the vehicle whenever the vehicle stops. This technology is already being tested in hybrid vehicles around the United States and the results have so far been encouraging. Industry stakeholders expect that at least 40 percent of vehicles in the United States will be fitted with this technology by 2017. This technology has been proven to increase the fuel efficiency of a car by about 12%. Ford expects to offer this technology in the Focus line of vehicles for an additional cost starting in 2014. Many other manufacturers such as Kia, Honda and Hyundai are already putting in plans to roll out cars using this technology.

Carbon Fiber Bodies

The weight of the car is directly proportional to the amount of fuel that it has to consume. This means that the heavier the vehicle is the lower the fuel mileage. Car manufacturing companies are already investing heavily on developing lighter car parts. One of the materials that has shown great promise in reducing the weight of cars is carbon fiber. On top of the fact that carbon fiber is lighter than steel, it is encouraging to note that it is stronger than steel. Carbon fiber has been used in a few sports cars and race cars already. The use has however been very limited so far. Considering the level of stress that these vehicles have to be driven at, it means that they provide a very good benchmark for the evaluation of this kind of material.

There have been significant focus on the improvement in the production techniques of carbon fiber. This has resulted in the increased use of carbon fiber in the manufacture of motor vehicle bodies and parts. The slow uptake of this material being used in car manufacture means that the vehicles we have in the market are also improving step by step over time. Some of the top manufacturers in the market who are increasingly adopting this technology include BMW, Lamborghini, and GM.


Leave a Comment October 17, 2014

Hybrid Cars 101

Accord_Hybrids_San_AntonioWhoever is living in the 21st century has at some point in their lives heard about hybrid car technology. These cars have grown so fast in terms of popularity such that they are now a must-have line of cars for most of the major car manufacturers. Despite this buzz about the hybrid car technology, it is sad to note that most people do not fully understand what this technology actually is. Most people still associate hybrid cars to affluent people in society because of their high cost of acquisition. These are the basic facts you need to know about hybrid cars.

Why are hybrid car popularity levels increasing?

The major competitor to the hybrid cars in terms of their levels of emissions is the electric cars. Although the electric cars have zero emissions, they cannot drive as fast or as far as hybrid cars. Most of the hybrid car fanatics will say that the hybrid technology gives them the best of both worlds. They are able to enjoy the high speeds that are associated with the gasoline-powered vehicles while also enjoying the low toxic gas emissions that are associated with the plug-in electric cars.

In terms of the design of the vehicles, hybrid cars have a much better and diverse design compared to electric cars. The hybrid cars are also very good for drivers who mostly drive around the city. This is because at lower speeds, the vehicle resorts to electric power. This enables the driver to save on the fuel that would have been wasted while being held in traffic.

Plug-In Hybrids

Just like electric cars, there are some hybrid car varieties that can be plugged in to an external power source that charges the battery of the vehicle. This is usually in the high-end versions of hybrid cars and they are advantageous for people who are mostly driving in the city. This means that the vehicle can easily switch to the combustion engine when the electric power of the vehicle runs low. This is a big add-on for the electric vehicle.

Top Reasons Why Hybrid Cars Are Better Than Normal Cars

The biggest reason is the savings on fuel. Hybrid cars save between 15%-30% compared to a majority of the normal cars in the market.

There are less tax implications on hybrid cars, as well. Cars are taxed depending on their Co2 emission levels. With most of the new hybrids in the market emitting less than 100g/km you may be paying zero tax!


Leave a Comment October 10, 2014

Basics of Hybrid Cars

HybridHybrid car technology has grown since the invention of the Toyota Prius hybrid car. This was the first car running on the hybrid technology to be introduced into the market. The huge success of the Toyota Prius set a benchmark for other car manufacturers to start venturing into this technology. Today, most of the major car manufacturing companies have already rolled out their own versions of the hybrid car. However, these cars are still retailing at a higher price compared to conventional gasoline or diesel powered vehicles. The problem however, is that most people around the world still don’t know much about this technology. If you are one of those people who do not know much about the hybrid car technology, this would be a great starting point for you to get some overview information.

In terms of environmental conservation, the electric cars are the best. This is because these cars have zero emissions. This means that these cars would appeal very much to the environmentally savvy car owners. The problem comes in the speed and design of these cars. Manufacturers of this type of car are yet to discover the best technology that allows them to get the power for high speed, while keeping the design consideration intact. The advantage with the hybrid cars is that they combine both gasoline fuel and electric power and this helps create the feeling of being environmentally conscious while not compromising on the speed and the design of the car.

What is a Hybrid Car?

A hybrid car is a vehicle that makes use of at least two sources of power in order to move. There are many types of hybrid cars depending on the sources of power. For instance, there are diesel-electric hybrids, gasoline-electric hybrids, and there are plans to have bio gas-electric hybrid cars in the market. The power from the engine part of the vehicle is used for acceleration and moving the car in higher speeds. The power from the electric part of the vehicle is used power the vehicle at lower speeds and also helps support the vehicle during acceleration.

How the Battery Holds Charge in the Hybrid

The good thing about having a hybrid car is that you don’t have to keep recharging the battery regularly. This is because the battery is charged whenever you are on the move. This means that you don’t have to worry about manually charging you battery. The energy generated from the braking system also helps charge the battery.


1 Comment October 10, 2014

What You Stand to Save with Hybrid Cars

hybridcar240wHybrid car technology is quickly gaining popularity in most parts of the world. This is mostly because of the perceived relatively low cost of ownership. These are some of the other cost related factors that you should consider when making the decision on whether or not to purchase that hybrid car from the showroom.

Loan Discounts

In this modern age, it is relatively cheaper to finance a hybrid car than to finance the gasoline-powered alternatives. There are a number of banks and credit unions around the world that now offer preferential loan rates and credit terms for the purchase of hybrid cars. A good example of one of such financial institution is the Meriwest Credit Union in the Greater Bay area in Arizona. The credit union offers a discounted rate of 0.25% for loans used to purchase used or new hybrid cars in the market. This means that you can easily get a good loan deal and purchase that dream hybrid car.

Repair Costs and Brakes

According to most of the reports circulating about hybrid cars, hybrid car owners should not expect to incur higher maintenance costs compared to their gasoline-powered vehicle counterparts. Most hybrid cars come with a standard three year, 36,00 miles warranty on top of a special hybrid technology warranty. There are also reduced chances for brake replacement in the hybrid car technology. The hybrid car brakes have been known to last three times as long as those of conventional gasoline-powered vehicles do.

Resale Value

It is interesting to note that the resale value for most hybrid cars in the market is high compared to gasoline-powered alternatives. This is partly because of the low depreciation rate of these vehicles. A very good case to elaborate this point is the Toyota Prius.

Gas Savings

One of the most obvious reasons most people purchase hybrid cars is the gas savings that are associated with this vehicle. With the ever increasing cost of energy, people are constantly looking for ways to reduce their dependence on gasoline or where possible completely eliminate their dependence on this form of energy. With the increase in the cost of fuel, the real-dollar value of the hybrid car is likely to increase in equal proportion.

Insurance Discounts

There are a number of insurance companies that have started giving discounted insurance rates for hybrid car owners in some areas in the United States. This sure is a good deal since it is likely to reduce significantly the cost of ownership for your hybrid car.


Leave a Comment October 3, 2014

Do You Really Save Money on Your Electric Car?

Bay Area Plans Major Expansion Of Electric Vehicle Charging StationsThe fact of the matter is that most people around the world hate that the prices of gasoline have been increasing by the day. The invention of hybrid cars and electric cars was meant to address this growing concern among most road users. However, do you really save on cost when you use an plug in car or is the cost transferred to other aspects such as maintenance and acquisition costs.

With the missing link between the cost that the commuters have to pay for fuel and the nature of electric cars, we take a look at the real cost of hybrid cars in the market.

Beyond Pump Prices

To be able to come to a viable conclusion lets take a look at the two types of competitive cars in the market. First, let us consider the Ford electric family and the gasoline-powered alternatives of the car such as the Focus.

The electric Ford Focus comes at a cost of $39,995, while the gasoline powered alternative costs $24,495. There is no need for battery replacement for the gasoline-powered vehicle, but you may be required to replace the battery for the electric car at a cost of about $13,500. The gasoline-powered vehicle needs major engine repair costs that come up to about $4,899. Electric cars do not require this. The fuel cost for the gasoline powered vehicle over 8 years is about $16,222, while the total fuel costs for the electric car comes to about $5,000.Using these figures, the total cost for the gasoline powered vehicle comes to $45,616 while the total cost for the electric car is about $58,562.

So overall, the hybrid car is not as cheap as most people would have expected.

Lessons from This

The high cost of the hybrid and electric cars puts them at a spending disadvantage for the buyers. This is because the buyers can never make up the ground from the cheaper gasoline powered vehicles.

The maintenance cost of the vehicle is an important factor to consider. You need to know what will be subject to maintenance and how much it is going to cost you.

The cost of fuel also adds up. It is important to consider the fuel costs over a significant amount of time, as in our case, 8 years.

Because of how new these vehicles are in the market, the maintenance cost for hybrid vehicles has still not been well established. This technology is still being improved by the day. The efficiency is also improving by the day.


Leave a Comment October 3, 2014

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