Jumpstarting the Competition: General Motors and Honda Partner on Next-Generation Electric Vehicle Batteries

EV Battery

Mirroring Kevin Durant joining forces with his direct competition, the Golden State Warriors, Honda and General Motors (“the companies”) have teamed up – working together on next-generation electric vehicle (“EV”) batteries – to take on the ultra-competitive EV market.  Specifically, the multiyear partnership consists of Honda buying battery modules based on the next generation GM battery system.  In what both companies promise will bring each greater efficiency and technological capability, the companies believe the partnership will establish both atop the EV totem pole.

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Automakers Celebrate Strong June Sales as Industry Prepares for Potential Impact of Tariffs

tax credit

Automakers reported strong June sales in the United States.  Riding a wave of truck sales and new crossovers, GM posted a 4.6% increase for the second quarter and increased its market share to 16.6%.  Ford increased total sales in June by 1.2% over June 2017, and increased SUV and truck sales by 8.9% and 3.2%, respectively.  FCA reported its best June retail sales in 14 years, with Jeep increasing sales by 19% for its best June sales to date.

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Recharging Electric Vehicle Incentive Limits

Recently, Representative Peter Welch of Vermont introduced legislation restructuring the planned phase out for the current electric vehicle $7500 federal tax credit.  As has been discussed in great detail in this blog, the current electric vehicle incentives begin to phase out individually for each manufacturer when that manufacturer delivers its 200,000th electric vehicle.  As a policy mechanism, the federal electric vehicle tax incentives positively influence both consumer and automotive manufacturer market behavior.  When implemented correctly, consumers will shift toward purchasing eco-friendly electric vehicles and manufacturers will ramp up electric vehicle research and development, ultimately leading to higher production volumes.  By combining the benefits to both consumers and manufacturers, these incentives can build a trend toward a growing and ultimately sustainable electric vehicle market devoid of any external incentives.

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Happy 4th of July

Memorial Day

The Dashboard Insights team hopes you had a safe and happy 4th of July.

Check back with us on Monday, July 9 as we return to our regular posting schedule.

Thank you for your continued support of the Dashboard Insights blog!

Alert from Foley’s Mexico City Office - New Product Safety Requirements and Recall Procedures Adopted in Mexico: Time for Manufacturers to Update their Compliance Programs in Mexico

patent

The commercial and legal environment on product safety in vehicles, auto parts and other products has substantially changed in Mexico in 2018. Automotive parts manufacturers carrying out business activities in Mexico should now be implementing increased efforts to comply with and properly react to new legislation, policies, recall procedures and safety standards that are now applicable in Mexico.

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