Connect with us

Published

on

Tesla is going to use the loophole of operating on tribal land to finally operate in Connecticut, a state that has been aggressively blocking Tesla from operating sales, delivery, and service centers for years.

There are a few states in the US that have laws prohibiting direct sales of electric vehicles to the public without going through third-party dealerships.

These bans come from old laws that were meant to protect car dealers from their own automakers supplying the vehicles.

The idea is that automakers couldn’t open a company-owned store next to a third-party dealer after they have made the investment to sell and service their cars. It would be unfair competition.

Now, however, car dealerships are using those old laws to prevent automakers that never had deals with third-party franchise dealers, like Tesla, from selling their vehicles to the public, even though it’s fair competition. Tesla has been fighting those laws in many states with some success, but there are still a few states that are abusing these laws.

Connecticut has been one of them.

Tesla has made several different efforts to support its customers in the state, but it has found strong opposition from the legislation and the Connecticut Automotive Retailers Association (CARA), which finances state legislators.

At one point, Tesla opened a “gallery” in Connecticut. In that gallery, Tesla claimed that it didn’t have sales operations and would only educate the public. The auto dealer association managed to have Tesla’s “gallery” shut down through an effort that involved sending “secret shoppers” to try to make Tesla staff talk about sales and shut down the gallery.

After the latest efforts to change the laws were shut down by state legislation, Tesla has decided to change its strategy.

In New Mexico, Tesla found an interesting way to get around the direct sale ban. In 2021, Tesla managed to open its first store and service center in the state by opening inside an old casino north of Santa Fe, and it did it by partnering with the First Nation of Nambé Pueblo and opening the location on their tribal land.

Last year, the automaker did it again to open a second location in the state.

Tesla also recently took the tribal land strategy to New York, where it is now going to be able to open a new store despite the state’s limiting Tesla on the number of locations as part of an exemption on its direct-sale ban.

Now we learn that Tesla is using the same strategy in Connecticut.

Mohegan Sun, a casino and entertainment destination, announced that it is partnering with Tesla:

Mohegan Sun, one of the premier entertainment destinations in the United States, has announced that it is amping up its game by opening a state-of-the-art Tesla Electric Vehicle (EV) Showroom. Set to open this fall, the unique Tesla Sales & Delivery Center will be located in The Shops at Mohegan Sun. Locals and visitors alike will soon have the chance to take home the Model Y, Model 3, Model S and more. Guests will also be able to learn more about Tesla’s solar and storage products.

For now, they are only talking about a “showroom,” but buyers in Connecticut are going to be able to buy and take delivery of Tesla vehicles in the state – without having to go to neighboring states – for the first time.

It sounds like it could also eventually become a service center as Tesla and Mohegan Sun talk about training local technicians:

Tesla will also collaborate with Mohegan to integrate local talent into its workforce development programs, which can provide Mohegan Tribal members and Mohegan Team Members with opportunities to learn diverse skills and technician training, potentially paving the way for exciting career opportunities with Tesla.

The Tesla showroom at Mohegan Sun is slated to open in Fall 2023.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Kia’s electric van spotted with an open bed and it actually looks like a real truck

Published

on

By

Kia's electric van spotted with an open bed and it actually looks like a real truck

Is it an electric van or a truck? The Kia PV5 might be in a class of its own. Kia’s electric van was recently spotted charging in public with an open bed, and it looks like a real truck.

Kia’s electric van morphs into a truck with an open bed

The PV5 is the first of a series of electric vans as part of Kia’s new Platform Beyond Vehicle business (PBV). Kia claims the PBVs are more than vans, they are “total mobility solutions,” equipped with Hyundai’s advanced software.

Based on the flexible new EV platform, E-GMP.S, Kia has several new variants in the pipeline, including camper vans, refrigerated trucks, luxury “Prime” models for passenger use, and an open bed model.

Kia launched the PV5 Passenger and Cargo in the UK earlier this year for business and personal use. We knew more were coming, but now we are getting a look at a new variant in public.

Advertisement – scroll for more content

Although we got a brief glimpse of it earlier this month driving by in Korea, Kia’s electric van was spotted charging in public with an open bed.

Kia PV5 electric van open bed variant (Source: HealerTV)

The folks at HealerTV found the PV5 variant with an open bed parked in Korea, offering us a good look from all angles.

From the front, it resembles the Passenger and Cargo variants, featuring slim vertical LED headlights. However, from the side, it’s an entirely different vehicle. The truck sits low to the ground, similar to the one captured driving earlier this month.

Kia-electric-van-open-bed
Kia PV5 open bed teaser (Source: Kia)

When you look at it from the back, you can’t even tell it’s the PV5. It looks like any other cargo truck with an open bed.

The PV5 open bed measures 5,000 mm in length, 1,900 mm in width, and 2,000 mm in height, with a wheelbase of 3,000 mm. Although Kia has yet to say how big the bed will be, the reporter mentions it doesn’t look that deep, but it’s wide enough to carry a good load.

Kia-PV5-open-bed
Kia PV5 Cargo electric van (Source: Kia)

The open bed will be one of several PV5 variants that Kia plans to launch in Europe and Korea later this year, alongside the Passenger, Cargo, and Chassis Cab configurations.

In Europe, the PV5 Passenger is available with two battery pack options: 51.5 kWh or 71.2 kWh, providing WLTP ranges of 179 miles and 249 miles, respectively. The Cargo variant is rated with a WLTP range of 181 miles or 247 miles.

Kia-PV5-open-bed-pickup
Kia PBV models (Source: Kia)

Kia will reveal battery specs closer to launch for the open bed variant, but claims it “has the longest driving range among compact commercial EVs in its class.”

In 2027, Kia will launch the larger PV7, followed by an even bigger PV9 in 2029. There’s also a smaller PV1 in the works, which is expected to arrive sometime next year or in 2027.

What do you think of Kia’s electric van? Will it be a game changer? With plenty of variants on the way, it has a good chance. Let us know your thoughts in the comments below.

Source: HealerTV

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Solar and wind industry faces up to $7 billion tax hike under Trump’s big bill, trade group says

Published

on

By

Solar and wind industry faces up to  billion tax hike under Trump's big bill, trade group says

Witthaya Prasongsin | Moment | Getty Images

Senate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump‘s big spending bill.

The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric grid, and potentially raise electricity prices for consumers, trade groups warn.

The Senate GOP released a draft of the massive domestic spending bill over the weekend that imposes a new tax on renewable energy projects if they source components from foreign entities of concern, which basically means China. The bill also phases out the two most important tax credits for wind and solar power projects that enter service after 2027.

Republicans are racing to pass Trump’s domestic spending legislation by a self-imposed Friday deadline. The Senate is voting Monday on amendments to the latest version of the bill.

The tax on wind and solar projects surprised the renewable energy industry and feels punitive, said John Hensley, senior vice president for market analysis at the American Clean Power Association. It would increase the industry’s burden by an estimated $4 billion to $7 billion, he said.

“At the end of the day, it’s a new tax in a package that is designed to reduce the tax burden of companies across the American economy,” Hensley said. The tax hits any wind and solar project that enters service after 2027 and exceeds certain thresholds for how many components are sourced from China.

This combined with the abrupt elimination of the investment tax credit and electricity production tax credit after 2027 threatens to eliminate 300 gigawatts of wind and solar projects over the next 10 years, which is equivalent to about $450 billion worth of infrastructure investment, Hensley said.

“It is going to take a huge chunk of the development pipeline and either eliminate it completely or certainly push it down the road,” Hensley said. This will increase electricity prices for consumers and potentially strain the electric grid, he said.

The construction industry has warned that nearly 2 million jobs in the building trades are at risk if the energy tax credits are terminated and other measures in budget bill are implemented. Those credits have supported a boom in clean power installations and clean technology manufacturing.

“If enacted, this stands to be the biggest job-killing bill in the history of this country,” said Sean McGarvey, president of North America’s Building Trades Unions, in a statement. “Simply put, it is the equivalent of terminating more than 1,000 Keystone XL pipeline projects.”

The Senate legislation is moving toward a “worst case outcome for solar and wind,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.

Shares of NextEra Energy, the largest renewable developer in the U.S., fell 2%. Solar stocks Array Technologies fell 8%, Enphase lost nearly 2% and Nextracker tumbled 5%.

Trump’s former advisor Elon Musk slammed the Senate legislation over the weekend.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” The Tesla CEO posted on X. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

Catch up on the latest energy news from CNBC Pro:

Continue Reading

Environment

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Published

on

By

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Is Nissan raising the red flag? Nissan is cutting about 15% of its workforce and is now asking suppliers for more time to make payments.

Nissan starts job cuts, asks supplier to delay payments

As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.

Nissan said it will begin talks with employees at its Sunderland plant in the UK this week about voluntary retirement opportunities. The company is aiming to lay off around 250 workers.

The Sunderland plant is the largest employer in the city with around 6,000 workers and is critical piece to Nissan’s comeback. Nissan will build its next-gen electric vehicles at the facility, including the new LEAF, Juke, and Qashqai.

Advertisement – scroll for more content

According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.

Nissan-delays-supplier-payments
The new Nissan LEAF (Source: Nissan)

“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.

The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.

Nissan-delays-supplier-payments
Nissan N7 electric sedan (Source: Dongfeng Nissan)

One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.

Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.

Nissan-Micra-EV
The new Nissan Micra EV (Source: Nissan)

“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.

Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.

Nissan-delays-supplier-payments
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.

As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.

Electrek’s Take

With an aging vehicle lineup and a wave of new low-cost rivals from China, like BYD, Nissan is quickly falling behind.

Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.

In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.

The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.

Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending