2020 Tesla Model S on 2040-cars

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Tesla facilitating Chinese trade-ins for Model S buyers

When many people buy a new vehicle in the US, it's quite common to trade in an older model at the same time. Not only does the decision knock a little money off the purchase, but there's often not enough room for an extra car taking up room in the driveway. Now, Tesla is extending that option to some of its buyers in China in hopes that the added convenience boosts sales. According to Bloomberg, Tesla is working with used car traders in Beijing, Shanghai and Hangzhou to help buyers dump their old vehicles. That value is then deducted from the price of the customer's new Model S. Tesla is still a rather new entrant into China but seems to be performing well. The company began selling the Model S there in April, and it only took a few months to deliver the first 1,000 vehicles. It didn't hurt that the initial pricing was lower than expected, the first 3,000 buyers in Shanghai have been eligible for a free license place, a roughly $15,000 value. According to Bloomberg, the electric automaker has opened nine stores and service locations in six Chinese cities, so far. The business is also considering opening a factory there at some point in the future. News Source: BloombergImage Credit: Wang Zhao / AFP / Getty Images Green Tesla Car Buying Car Dealers Electric Sedan trade-in

EPA says automakers ahead of schedule for 54.5 MPG by 2025

Remember, the target is 54.5 miles per gallon by 2025. Today, the CAFE level is a little over 30. How we get from here to there is something the US Environmental Protection Agency (EPA) is monitoring closely. Thus, the EPA just released an annual flash report on how the auto industry is progressing towards meeting the nation's fuel economy goals. Overall, the industry is doing almost 10 grams per mile (equivalent) better than the rules require. The good news is that the industry is a bit ahead of schedule. In the report (see page iii), the EPA breaks things down by automaker based only on MY12 numbers. Tesla is at the top of the list (which is ranked by over-compliance with 2012MY CO2 standards), but for our money, the real leader is Toyota. The Japanese automaker built the second-highest number of vehicles (2,020,248, after General Motors' 2,364,374) but racked up the most net 2012 over-compliance credits (13,163,009 metric tons). That's an average of over 6.5 metric tons per vehicle. The next closest is Honda, with just over five metric tons of credits per vehicle. Given the MPG fiasco with Hyundai and Kia, the EPA says, "we are excluding Hyundai and Kia data because of the ongoing investigation into their testing methods," but overall, the rest of the industry has credits worth 25,053,168 metric tons of CO2, which means it's doing almost 10 grams per mile (equivalent) better than the rules require. Go team. For now, the numbers in this report (and there are a lot more of them – get the 59-page PDF for yourself here), can't really be used to understand everything from the first year of the new CAFE program. The EPA writes, "Because the program allows credits and deficits to be carried into future years, at the close of the 2012 model year no manufacturer is considered to be out of compliance with the program. ... Compliance with the 2012 model year standards can't be fully assessed until the end of the 2015 model year." There are a more interesting tidbits in the report, such as the fact that Fisker produced 1,415 model year 2012 vehicles, Tesla made 2,952. Remember, too, that CAFE numbers don't equal the fuel economy you see in your daily drives. In the real world, the 54.5 CAFE level will be about 40 mpg, and the average fuel economy today is around 25 mpg, so we have a ways to go, no matter how you measure it. EPA Report: Data Show Automakers on Track in meeting Greenhouse Gas Standards WASHINGTON – Today, the U.S.

Figuring out exactly how much it costs to charge Tesla Model S

Is the Tesla Model S an electricity guzzler? One driver trying to answer that question says it does gobble down more juice than previously thought, but it's not time to make Hummer jokes just yet. First, the goal: Tesla's claims that properly set up home-charging stations can get about a 91-percent efficiency rate. Rob M. from Teslarati has been diligently tracking electricity used by his home charging station – made up of a NEMA 14-50 outlet that was professionally installed and Tesla's Universal Mobile Connector (UMC) – since June, as we reported here. The results for the month that ended July 21 revealed that the Model S was taking in about 82 percent of the electricity it was pulling from the system, indicating an 18-percent loss of electricity. Most EVs are thought to charge at an 88 to 90-percent efficiency rate. The downside to his results? About $26 more per month in electricity costs than previously estimated on about 2,400 miles worth of driving. There is a positive upshot, though: his monthly fuel savings totaled about $334 compared to driving an internal combustion engine vehicle. These early results are intriguing, and make us wonder... Is anyone else checking in on their Model S charging efficiency?