Paris votes to triple SUV parking fees – and this includes electric ones
Parisians have voted to triple the parking costs for SUVs – including heavier electric ones and hybrids. This Sunday, the city held a referendum, with Parisians voting 56.6% in favor of increased parking fees.
While the narrow, traffic-clogged streets of Paris seem a better fit for the likes of the nimble Twingo, city officials say that the number of SUVs in the city has increased by 60% over the last four years. SUVs account for 15% of the 1.15 million private vehicles parked on Paris streets every night.
Paris Mayor Anne Hidalgo sees the move to curb SUVs in the city as “a form of social justice,” with road safety and air pollution the main targets of the vote. She said that the vote had one particular driver in mind: rich drivers of the heaviest, most expensive, and polluting cars on the street who, essentially, need to wake up and see how their choices affect the rest of the city – with the caveat that only out-of-towners will be affected by the price hike. Still, officials say that some 10% of the vehicles parked in Paris will see increased parking fees, which could bring in up to €35 million, reports Le Monde.
“Parisians have made a clear choice… other cities will follow,” Hidalgo added. Lyon, France’s third largest city and run by the Green Party, has devised its own progressive parking fee system designed to target SUVs, with Grenoble looking on. London Mayor Sadiq Khan has said that he too is paying attention to the Paris vote, The Guardian reports.
The new fees could come into force at the beginning of September, with on-street parking for an SUV raised to €18 (about $19) an hour in the center of Paris and €12 (about $13) in the rest of the city.
The price hikes applies to ICE or hybrid SUVs weighing more than 1.6 tonnes (about 3,500 pounds), and electric SUVs weighing more than 2 tonnes, or 4,000 pounds. Paris residents will not have to pay extra. People working in Paris, taxi drivers, tradespeople, health workers, and people with disabilities will all be exempt.
Last year, Paris held a similar referendum that voted to ban electric scooter rental services, the first and only European capital to do so. Of course, the turnout for the vote was only 103,000 people, or 7% of registered voters. The SUV referendum, which was held Sunday, February 4, garnered even fewer votes, with 78,121 people, or 5.7% of registered voters, Le Monde reports. Still, while not many people ventured out on to cast their vote, Le Parisien ran an Opionway poll this month that found 61% of city residents backed the plan to hike frees for SUVs.
The socialist mayor has put front and center a reduction in car usage while simultaneously boosting eco-friendly transport in the city. SUVs – which are taller, heavier, and deadlier and use more energy and resources than a typical sedan – account for almost half of all new passenger cars sold in Europe last year, according to the European Automobile Manufacturers Association. A pedestrian is twice as likely to die in a collision with an SUV than a standard vehicle, Hidalgo stated.
She has made big moves in expanding bike lanes by reducing parking spaces. In the past few years since the coronavirus lockdowns, there has been a 71% rise in the use of bikes in the city. Of course, I wished I’d see more helmets on heads here – because even with more bike lanes, Paris traffic is intense, with bikes lane sometimes merging in and out of traffic lanes.
Regardless, Hidalgo is hoping automakers will get the message, that there is no place for huge, bulky, polluting SUVs in a city like Paris. “With this vote, we want to say stop,” she has said. “Stop the excesses of carmakers, who are pushing people to buy ever bigger, more expensive, more raw-material-intensive, more polluting vehicles.”
FTC: We use income earning auto affiliate links. More.
Environment
Solar and wind industry faces up to $7 billion tax hike under Trump’s big bill, trade group says
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.
According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.
“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.
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.
“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.
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.
Environment
Elon Musk said to bet on Tesla delivering Robotaxi in June, yet those who did just lost big
Elon Musk said just a few weeks ago that betting on Tesla delivering its promised Robotaxi in June is a “money-making opportunity,” and yet, those who listened to him just lost big.
A fan of Musk lost $50,000 betting on Tesla Robotaxi.
With the rise in prediction markets, you can bet on virtually everything these days.
Sites like Polymarket have about a dozen prediction markets related to Tesla, where anyone can bet on events such as Tesla delivering its robotaxi service.
There have been a couple of specific markets about that, and Musk directly commented on one titled “Will Tesla launch a driverless Robotaxi service before July?:
Less than two weeks ago, the market gave Tesla only a 14% chance of launching the service, and Musk called it a “money-making opportunity.”
At the time, less than $500,000 was traded on this market, but Musk made it way more popular.
Now, over $7 million has been traded on this market, and while Tesla claims to have launched its Robotaxi service on June 22nd, the market currently gives Tesla less than 1% chance today, with less than a day left in June.
Each prediction market has clear “resolution” rules and Musk evidently didn’t read them before suggesting there was money to be made betting “yes”:
This market will resolve to “Yes” if Tesla publicly launches a fully driverless taxi service by June 30, 11:59 PM ET. Otherwise, it will resolve to “No.”
Any service that allows a member of the general public to summon and ride in a Tesla vehicle operating without any human—onboard or remote—actively controlling the vehicle will count. A human may be present in the vehicle or monitoring remotely for emergency intervention, but they must not be physically positioned to take control (for example, no safety driver in the driver’s seat) and must not actively steer, brake, accelerate, or otherwise drive the car under normal operation.
A program that is restricted to Tesla employees, invite-only testers, closed-beta participants, factory self-delivery features, or the mere release of Full Self-Driving software for private owner-drivers will not qualify. Regulatory permits or approvals, press demonstrations, and prototype unveilings without live public ridership likewise will not count toward resolution.
This market’s resolution source will be a consensus of credible reporting.
There are a few things in the resolution that disqualify what Tesla launched on June 22nd. First off, there’s a human inside the vehicle ready to take control with their finger on a kill switch. We have already seen interventions from the in-car Tesla supervisor, who are still very much necessary.
Secondly, the resolution requires a launch that is not restricted to an invite-only basis, which is currently the case.
The level of remote operations could also prove challenging to confirm, and it is part of the resolution.
Electrek found someone who lost $50,000 following Musk’s “money-making opportunity”:
Someone else has lost $28,000 and is now betting another $27,000 that Tesla will achieve this by the end of July.
Currently, Polymarket‘s odds only put a 21% chance of Tesla delivering on the service based on the previously mentioned resolution before August:
There’s another market predicting if “Tesla launches unsupervised full self-driving (FSD) by the end of 2025” that has arguably an even more restrictive resolution, and it currently gives it a 59% chance of happening:
With Polymarket, users are not really “betting” on an outcome, but they are trying to beat the current odds by buying shares in “yes” or “no”, which they can sell to other users before the end of the timeline.
Electrek’s Take
It’s quite amusing that Musk was so confident people would believe in his Robotaxi that he didn’t bother to investigate what other people think an actual robotaxi service would entail, like in the Polymarket resolution.
Historically speaking, you are way better off betting against whatever timeline Musk claims about self-driving. He has been consistently wrong about it for a decade now.
Polymarket even has a market about Tesla launching unsupervised self-driving in California this year. I threw some money in that one because California has much stricter regulations when it comes to self-driving, and it requires a lot of testing before being deployed, as described in the resolution.
I doubt Tesla can go through that this year, but it’s not impossible.
FTC: We use income earning auto affiliate links. More.
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoStory injured on diving stop, exits Red Sox game
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Sports2 years agoButton battles heat exhaustion in NASCAR debut
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike