This week, we’ve got information on Rivian Public sale Knowledge, Tesla Q1 Gross sales, GM’s rise to No. 2, and Tax Season: Our High EV Information for the week of Apr 7, 2023.
We’re making a gift of Rivian Merch within the month of April. Verify our publication for extra particulars. You’ll find our most up-to-date version right here.
Bio: John is the COO at EPG, an organization targeted on serving to electrical and autonomous car firms rent the very best expertise. Along with these companies, EPG places out an informative weekly publication dubbed Mobility EVo. You’ll be able to join the publication right here.
Rivian Public sale Knowledge
Earlier this week, we mentioned Carry a Trailer (BaT). One other public sale web site that has captured my consideration is Automobiles & Bids. This platform additionally showcases spectacular automobiles and serves as a superb useful resource for market information. Analyzing the Rivian R1T information on Automobiles & Bids, just like our examination of BaT, yields intriguing outcomes.
The inaugural R1T public sale on Automobiles & Bids reached $138,000 in April 2022, whereas the latest sale was for $77,500 on April 4th. The common value for the final 10 gross sales stands at $77,920. Listed here are some further statistics:
A complete of 80 Rivian R1Ts have been listed on Automobiles & Bids 68 had been efficiently offered, whereas 9 failed to satisfy the reserve value, and three had been canceled The best value paid was $138,000 and the bottom was $74,420 The common offered value is $96,375. That appears to be trending down as of late although.
Verify our web site for a full comparability of the R1T on BaT vs. Automobiles & Bids.
Tesla Q1
Tesla lately launched its manufacturing and supply report for the primary quarter of 2023. The report offers insights into Tesla’s progress and efficiency within the first three months of the yr. Listed here are the important thing numbers from the report:
Complete deliveries Q1 2023: 422,875 Complete manufacturing Q1 2023: 440,808 Mannequin S and X: 10,695 deliveries (2% of complete deliveries) Mannequin 3 and Y: 412,180 deliveries Mannequin X and S: 19,437 automobiles produced Mannequin Y and three: 421,371 automobiles produced
GM Into 2nd
In the course of the first quarter of 2023, Basic Motors surpassed Ford because the US’ second-best vendor of all-electric automobiles, with Tesla remaining the trade chief. Some key figures:
Throughout Q1 2021, GM offered 20,670 EVs, whereas Ford offered 10,866 and Tesla offered 161,630 EVs Ford’s drop in rankings and gross sales is basically as a result of manufacturing downtimes at two of its North American vegetation that produce EVs Each GM and Ford plan to beat Tesla in EV gross sales, with Tesla aiming to supply 20 million electrical automobiles yearly by 2030 GM’s majority of EV gross sales had been of its Chevrolet Bolt fashions GM confirms its plan to construct 50,000 EVs in Q1 & Q2 2023 and “double that” in Q3 & This fall Ford plans to attain an annual manufacturing capability of two million EVs globally by 2026, whereas GM goals to hit that very same threshold a yr earlier
Taxes Are Simple
I had a chat with my private accountant yesterday, and now I am within the temper to debate taxes. With April 18th simply across the nook, who is not interested by tax season? As we beforehand talked about, it was anticipated that adjustments to the principles concerning EV tax credit had been on the horizon. Now, it appears these adjustments are certainly coming, and April 18th seems to be the pivotal date. Here’s what is anticipated:
At the least 40% of the worth of battery minerals should be mined, processed, or recycled within the US or international locations with which it has commerce offers. This share will rise 10% every year till it reaches 80% after 2026. At the least 50% of the worth of battery elements should be manufactured or assembled in North America this yr, with this requirement rising in subsequent years.
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