Archives – January 6, 2017

Focus Shifting to Used Electric Vehicle Market

2016_tesla_model_s_90d_hatchback_27201717953Since the electric car resurged less than ten years ago, the market for used electric vehicles has been down with the exception of the occasional deal. The main reason for the observed trend is that the market in question is still very small. However, things are changing as the market is becoming significantly more active. This is attributed to the ending of leases. It is therefore, advisable to focus attention in 2017 to the used electric vehicle market. Cars rarely stay on the lot when they are returned after their lease use if over and the car is returned to the dealership. More often than not, such cars are put on wholesale auctions so that other dealerships can acquire them.

Car dealers can access these wholesale inventories, which is a great way of knowing the amount of money paid and the manner in which the market is evolving. Considering the current costs of 2013 electric vehicles, timing is perfect since three-year leases will be ending by now, and it is evident that there is a significant drop in price at the level of wholesale. The selling prices of different used electric vehicles can be obtained from the auction sites. For example, the 2013’s Tesla Model S has a selling price of $31,000. An interesting fact about Tesla and its Model S is that contrary to other car manufacturers, Tesla has direct control of the majority of the second-hand vehicle market for its cars. This control is attributed to the automaker’s direct sales model. This is why it is hard to get the model anywhere else apart from the company. Currently, it is difficult to get a pre-owned certified Model S. To be fair, Tesla sells the model for less than fifty thousand dollars with a new warranty.

Since the real conditions of these cars are not clearly known, it is difficult to state whether the deals are so good. Regardless of this fact, consumers can still opt for a Model S for its affordable cost. Other models include the Fiat 500e, which sells for only $4,000. The starting price of a new Fiat model is about $31,800. These prices are really good for three-year old vehicles that have relatively low mileage. Although the prices have not gone down drastically, there is still a good reason for consumers to keep their eyes on next year’s used car market. The production and delivery of electric vehicles in high volumes started in 2013-2014. Hence, the used electric car supply will be significantly high this year and next year.

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Oregon Plans to Boost the Adoption of Electric Cars

_13_fiat_500eIt is evident that following numerous years of increasing electric vehicle sales, the utilities of electric cars are gearing toward establishing useful infrastructure. Two weeks ago, a utility in California, PG&E gave the approval for installing more than seven thousand plug-in cars charging stations. Oregon has now followed suit and confirmed its plan to enhance electrified transportation. It will do so by not only setting up new charging sites, but also educating the public on the advantages of electric vehicles, as well as boosting the purchases of electric buses. These plans were jointly filed by the Pacific Power and Portland General Electric (PGE).

Six public, electric-vehicle charging locations will be built by PGE in downtown Portland at the “Electric Avenue” site. Each of the sites will have around four standard charging stations in addition to a Level 2 connector of 240-Volt. PGE will also set up and run charging sites that will be used for electric buses operated by TriMet in Portland. Consequently, capital will be freed to allow boosting of electric bus purchases by the transit agency. Pacific Power will also install charging sites and lower specific electric rates, which will make electricity cheaper for fast-charging site operators.

A plan for Coal Transition and Clean Electricity was passed by Oregon last spring. The plan eliminates the use of coal by PGE and Pacific Power by the year 2030. It also requires the generation of fifty percent of the electricity from sources that are renewable by the year 2040. Both utilities plan to establish pilot programs that will help in conveying information on the best practices for demand response, car to grid technology and fleet electrification. The program will also involve offering financial help to consumers interested in innovative community-based car electrification ideas.

Both utility plans will also be involved in consumer education and outreach efforts to raise awareness on the merits of electric vehicles. According to the Executive Director of Drive Oregon advocacy group, Jeff Allen, the exciting bit is the consumer engagement component of these plans. A majority of Oregon residents are not aware of the fact that there are more than twenty electric car models that can be bought today. They are also unaware of the fact that they can lease six of the models for approximately $200 per month. Oregonians need to be educated on the benefits that they can reap from electric cars, as well as the fact that driving such cars is a fun-filled experience. They are worth purchasing and driving.

 

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