Tesla now offers 10,000 free Supercharging miles as delivery incentive
Tesla has increased its end-of-quarter delivery incentive to offer 10,000 free Supercharging miles to Tesla owners who trade in for a new vehicle by the end of the month.
It has become standard for Tesla to offer extra incentives for customers to take delivery by the end of every quarter. These incentives are now often referred to as “end-of-quarter incentives”.
Sometimes, they take the form of direct discounts or free features, like a 3-month subscription to Tesla’s Full Self-Driving package or free Supercharging miles.
Lately, Tesla has been offering customers who take delivery of a new Model S, Model X or Model Y by tMarch 31, 2024 5,000 miles of free Supercharging on their new vehicle.
Today, Tesla announced that Tesla owners who trade-in for a new car by the end of the quarter will get an extra 5,000 miles for a total of 10,000 miles:
Customers who trade in a vehicle by March 31, 2024, will receive 5,000 miles of free Supercharging when leasing a new vehicle or a total of 10,000 free Supercharging miles for cash or finance purchases.
This new incentive also applies to leasing, but not the original 5,000 miles, which is available to non-Tesla owners who buy a new car cash or through financing.
Supercharging miles will expire two years after the date of delivery.
Tesla incentivizes deliveries by the end of the quarter to limit the amount of inventory on hand. Since Tesla is one of the few direct-to-consumer automakers and doesn’t sell its cars to dealerships, it owns them all the way until the customer takes delivery.
This means that if Tesla has a vehicle on hand at the end of a quarter, it spent tens of thousands of dollars to build it, but it doesn’t recognize any revenue for it even if it is already sold to a customer. Therefore, it can look really bad on its income statement at the end of the quarter.
Electrek’s Take
I’d be curious to see internal numbers at Tesla about how effective free Supercharging miles are at boosting sales.
10,000 miles sounds like a lot, and it is, but with only two years to use them, you probably won’t use them all unless you are planning a lot of big road trips or if you use your car for Uber.
Most of the charging happens at home for most people.
Even if you use them all, the incentive is probably worth about $800 to $1,500 depending on where you are located or where you plan to drive as Supercharger costs vary greatly based on the location.
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In a joint statement, French and German economists have called on governments to adopt “a common approach” to decarbonize European trucking fleets – and they’re calling for a focus on fully electric trucks, not hydrogen.
France and Germany are the two largest economies in the EU, and they share similar challenges when it comes to freight decarbonization. The two countries also share a border, and the traffic between the two nations generates major cross-border flows that create common externalities between the two countries.
At the same time, the EU’s transport sector has struggled to reduce emissions at the same rate as other industries – and road freight in particular is a major contributor to harmful carbon emissions issue due to that industry’s heavy reliance on diesel-powered trucks.
And for once, it seems like rail isn’t a viable option:
While rail remains competitive mainly for heavy, homogeneous goods over long distances. Most freight in Europe is indeed transported over distances of less than 200 km and involves consignment weights of up to 30 tonnes (GCEE, 2024) In most such cases, transportation by rail instead of truck is not possible or not competitive. Moreover, taking into account the goods currently transported in intermodal transport units over distances of more than 300 km, the modal shift potential from road to rail would be only 6% in Germany and less than 2% in France.
That leaves trucks – and, while numerous government incentives currently exist to promote the parallel development of both hydrogen and battery electric vehicle infrastructures, the study is clear in picking a winner.
“Policies should focus on battery-electric trucks (BET) as these represent the most mature and market-ready technology for road freight transport,” reads the the FGCEE statement. “Hence, to ramp-up usage of BET public funding should be used to accelerate the roll-out of fast-charging networks along major corridors and in private depots.”
The appeal was signed by the co-chair of the advisory body on the German side is the chairwoman of the German Council of Economic Experts, Monika Schnitzer. Camille Landais co-chairs the French side. On the German side, the appeal was signed by four of the five experts; Nuremberg-based energy economist Veronika Grimm (who also sits on the National Hydrogen Council, which is committed to promoting H2 trucks and filling stations) did not sign.
You can read an English version of the CAE FGCEE joint statement here.
Electrek’s Take
MAN Trucks’ CEO famously said that it was “impossible” for hydrogen to compete with BEVs, and even committed to building 200 hydrogen-powered semi truck to prove out that hypothesis.
He’s not alone. MAN’s board member for research and development, Frederik Zohm, said that the company is the one saying hydrogen still has years to go. “(MAN) continues to research fuel cell technology based on battery electrics,” he said, in a statement quoted by Hydrogen Insight, before another board member added that, “we (MAN) expect that, in the future, we will be able to best serve the vast majority of our customers’ transport applications with battery-electric trucks.”
With companies like Volvo and Renault and now Mercedes racking up millions of miles on their respective battery electric semi truck fleets, it’s no longer even close. EV is the way.
SOURCE | IMAGES: CAE FGCEE; via Electrive.
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GE Vernova has produced over half the turbines needed for SunZia Wind, which will be the largest wind farm in the Western Hemisphere when it comes online in 2026.
GE Vernova has manufactured enough turbines at its Pensacola, Florida, factory to supply over 1.2 gigawatts (GW) of the turbines needed for the $5 billion, 2.4 GW SunZia Wind, a project milestone. The wind farm will be sited in Lincoln, Torrance, and San Miguel counties in New Mexico.
At a ribbon-cutting event for Pensacola’s new customer experience center, GE Vernova CEO Scott Strazik noted that since 2023, the company has invested around $70 million in the Pensacola factory.
The Pensacola investments are part of the announcement GE Vernova made in January that it will invest nearly $600 million in its US factories and facilities over the next two years to help meet the surging electricity demands globally. GE Vernova says it’s expecting its investments to create more than 1,500 new US jobs.
Vic Abate, CEO of GE Vernova Wind, said, “Our dedicated employees in Pensacola are working to address increasing energy demands for the US. The workhorse turbines manufactured at this world-class factory are engineered for reliability and scalability, ensuring our customers can meet growing energy demand.”
SunZia Wind and Transmission will create US history’s largest clean energy infrastructure project.
Read more: The largest clean energy project in US history closes $11B, starts full construction
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