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New Jersey will let Tesla continue selling EVs until April 15

Tesla sales in New Jersey were supposed to end today, following the state legislature vote a few weeks ago to pull Tesla's sales license there. At the eleventh hour, though, Gov. Chris Christie's administration has extended the deadline to April 15. The specifics of the situation are that the New Jersey Motor Vehicle Commission (MVC) is going to give new car dealers until the middle of the month to submit their franchise agreement (which, of course, Tesla stores don't have). That means, for now, it's business as usual The two-week extension could keep Tesla alive in the Garden State. While it's only a two-week extension, it could be enough to keep the California automaker alive in the Garden State. This is because state assemblyman Tim Eustace (a Democrat and EV driver) submitted a bill the other day that would allow Tesla to sell cars directly to customers in New Jersey. One interesting component of Eustace's bill is that it only applies to zero-emission vehicles as long as they make up less than four percent of all the new cars sold in the state. Eustace told NJ.com that this bill might be fast-tracked into law because it has leadership support. Jim Appleton, the president of the New Jersey Coalition of Automotive Retailer (the force behind the anti-Tesla movement), said, "to the extent that there is legislation that would allow an all-zero emission vehicle automaker to enter the market for a period of time without franchises, before they eventually convert to a franchise system, it makes sense." You can read the proposed bill here. The MVC gave Tesla a license to sell cars in 2012 and Tesla now operates two stores in New Jersey, one in the Garden State Plaza in Paramus and the other in Short Hills.

Recharge Wrap-up: Tesla P85D upgrades coming soon, lease a Chevy Volt for $149 a month

CarCharging has raised $6 million from shareholders and has restructured to save cash. The EV charging company plans to expand further in 2015 - with an eye toward achieving profitability - in part by investing in technology and "unlocking the value of our significant equipment inventory," says CarCharging CEO Michael D. Farkas. The group expects to reduce administrative costs by 40 percent, and has hired an interim Chief Financial Officer to help carry out its plans for growth. CarCharging raised the cash through offering convertible preferred stock to its shareholders, whom Farkas thanked "for their passion and patience." Read more in the press release below. Rydell Chevrolet in Los Angeles is offering Chevrolet Volt leases for $149 per month. In a video ad, Rydell offers the Volt for $169 a month with $3,390 due at signing, but another ad shows the offer at $149 a month with $3,550 down or $248 per month with $0 down. Rydell Chevrolet will ship the car anywhere in the lower 48 states. It also appears they offer cupcakes. See Rydell's video below, or read more at Inside EVs. Tesla will upgrade the Model S P85D with higher performance and top speed. The free update, which is due "in the next few months" according to a statement from Tesla, will raise the electronically limited top speed from 130 to 155 miles per hour. "Additionally, an over-the-air firmware upgrade to the power electronics will improve P85D performance at high speed above what anyone outside Tesla has experienced to date," Tesla says. The update will be available for the lifetime of the car, which includes subsequent owners. Read more at Green Car Reports. Car Charging Group Completes $6 Million Capital Raise Concurrently Enacts Restructuring Actions to Reduce Cash Burn MIAMI BEACH, Fla., Dec. 29, 2014 /PRNewswire/ -- Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging" or the "Company"), the largest owner, operator, and provider of electric vehicle (EV) charging services, today announced that it has closed an offering (the "Offering") and raised net proceeds of up to $6 million with current institutional shareholders. The Offering consisted of convertible preferred securities with a conversion price of $0.70 and warrants exercisable at $1.00. Proceeds will be used to: - Strengthen CarCharging's balance sheet; - Build on the past year's progress; and - Provide growth capital for expanding the Company's network.

Recharge Wrap-up: No fast charger funding from GM, Tesla Model X buyer's guide

General Motors does not plan to fund any CCS fast-charging infrastructure to go along with the launch of the Chevrolet Bolt. Other automakers – Audi, BMW, Nissan, Volkswagen and, of course, Tesla - are investing in the deployment of fast chargers to aid the mobility of their EV customers. With the debut of the Chevy Bolt, which has an option for a CCS fast-charging port, Green Car Reports asked a panel of GM executives if it had similar plans. "We are not actively working on providing infrastructure [for the Bolt EV]," says GM CEO Mary Barra. Read more at Green Car Reports. Teslarati has put together a buyer's guide for the Tesla Model X. If you're considering taking the plunge and buying the new, luxury, electric SUV, there are a number of things to take into account that first-time Tesla or EV buyers may not have had to consider before – on top of the usual tough choices any car buyer faces. The guide breaks down the options into categories of pricing, battery, and performance, performance extras, seating, more options, tow/hitch options, and final options (yes, that's a lot of options). It also includes how to find the hidden 72-amp onboard charger upgrade, if that's something you want to consider. Check it out at Teslarati. Renault is an official partner of the 2015/2016 Formula E Paris ePrix. The race takes place around the Hotel des Invalides monument on April 23, and Renault will have a strong presence for the race weekend. The automaker will have its ZE range on display at the ePrix's e-village throughout the event. Renault e.dams won the 2014/2015 Teams' championship title, and is at the top of the standings for 2015/2016. Read more from Renault. EV sales are on the rise in Europe, a trend that's expected to continue according to analysts. Thanks in large part to regulatory measures, electrified vehicle sales (including mild hybrids) are predicted to grow 433 percent to 2.2 million units by 2021. EV sales grew 82.2 percent in the year leading up to September 2015. "It's no secret that the internal combustion engine is expected to be the predominant powertrain in the near term, but increased acceptance of [alternative fuel vehicle] technology, particularly pure electrification, should not be ignored," says PwC Global Automotive Leader Rick Hanna. Read more in the press release below.