Dear Wheego Enthusiast,
In This Issue:
Chris Paine Making a Third EV Movie
Excerpted from an article by Sebastian Blanco for AutoBlog
- Chris Paine Making a Third EV Movie
- Chinese Investors Make "Long Bets" on Electric Car Companies
- EV Progress Worldwide
If you liked Who Killed The Electric Car?
and Revenge of the Electric Car
, then we have some good news for you. We recently got to catch up with our friend Chris Paine
, who directed those two movies, and he said that there's a third installment in the works. He didn't share a title or many specifics, but at least we know that Paine's cinematic tale of plug-in cars is not yet done.
"We're going to do one more electric car movie," he said. "We have kind of a working title. It's about the world of mobility, 21st century mobility. It will have electric car in the title. It's going to be about electric bikes and e-sharing and economist vehicles." Paine said the first shoot will be this summer.
Chinese Investors Make "Long Bets" on Electric Car Companies
Excerpted from an article by Stephen Edelstein for Green Car Reports. Read the full story here
China's aggressive promotion of electric cars is turning into boon for a few U.S. companies. The Chinese government offers generous incentives for new electric cars, and is pushing companies to develop and sell more of them. That level of enthusiasm is leading Chinese investors to show more interest in U.S. electric-vehicle companies than they might otherwise receive. One example is Wheego Electric Cars, an Atlanta-based company that makes neighborhood electric vehicles.
Back in 2013, the company was looking for funds to expand, and hooked up with Chinese firm GSR Ventures. GSR was willing to invest in Wheego as long as it shifted focus to China, and now Wheego sells most of its vehicles in that market. Stories like these are attributed by some to Chinese investors' tendency to take a longer-term view than their U.S. counterparts. But government demands have also created a more expansive market for electric cars in China. The government hopes to put 5 million "new-energy vehicles"—including battery-electric, plug-in hybrid, and hydrogen fuel-cell cars—on the road by 2020. So far, it's tried to achieve that goal with subsidies, which are now set to expire in 2021.
Newer policies will reward manufacturers for building more new-energy vehicles, and require government agencies to buy more of them.
EV Progress Worldwide
Curious how the US compares to other countries in terms of electric car sales? EV Sales
tracks monthly sales of electric vehicles around the world, and breaks down each country’s sales by model.
Germany recently introduced a 1B-euro incentive package
in hopes of raising the number of EVs on the road from 50,000 to 400,000.
Norway, one of the earliest adopters of EV incentives, announced that 60% of new cars registered last month are hybrid or all-electric
An innovative program announced in France
last year offers additional incentives if the driver trades in a diesel car at least 13 years old.