02 June 2018 | Fiat Chrysler $9bn Electrification Plan, Launch Of Maserati Blue and Model 3 Teardown

Fiat Chrysler's Plan For Electrification | Launch Of ‘Maserati Blue’ - an electrified sub-brand | May EV Sales | Model 3 Teardown Claims Low Cost Of Production | California Approves $768 Million For Electric Vehicles

It’s Saturday 2nd June 2018 and this is your EV News Daily. Good morning, good afternoon and good evening! Wherever you're listening around the world, a very warm welcome from London, UK.  Here is today’s news about electric cars and the future of transport. My name is Martyn Lee and I go through every EV article online so you don’t have to.

FIAT CHRYSLER'S PLAN FOR ELECTRIFICATION

• We have to start today with a new five year plan from Fiat Chrysler Automotive - FCA - and the parting shot of Sergio Marchionne before he hands over the reins.
• The plans were presented at a grand event in Balocco, in Italy, where the CEO had plans for a midsize Ram pickup, but an uncertain future for Chrysler, Dodge and Fiat. But what care about is electrification, and you can expect new models from Jeep, Ram, Alfa Romeo and Maserati.
• "Fiat Chrysler will phase out production of all diesel passenger cars in Europe by 2021, Marchionne said. The company sees the engine technology as increasingly challenged by both regulation and consumer attitudes, and of declining importance" according to Automotive News: "Fiat plans a full electric lineup around the 500 family. He said the company expects full utilization of Italian plants by 2022."
• "Maserati plans to add 32 dealerships in North America by 2022, and will aim squarely at Tesla with a new high-performance plug-in electric hybrid sport coupe based on the Alfieri concept, new brand head Tim Kuniskis said. The all-wheel-drive EV will come in a droptop model as well and will feature an aluminium frame for weight savings, with a top speed above 186 mph."
• "Buyers will be offered a choice of three Ferrari-developed powertrains – including an all-electric version capable of 0-62mph in around two seconds" reports AutoExpress: " diesel engines will be eliminated from Maserati’s product range and replaced by ‘Maserati Blue’ - an electrified sub-brand initially spanning four models. It will allow Maserati to target electric pioneers like Porsche and Tesla with a range of cutting-edge battery electric vehicles. All future powertrains will be engineered and supplied by Ferrari – including those for electric vehicles."
• The plans do sound rather vague at this stage, a bit of a moving target: "Maserati Blue will comprise of hybrid, plug-in hybrid and fully electric versions of the Alfieri, all-new Quattroporte saloon and next-generation Levante SUV. Each electric version will use three electric motors and torque vectoring to deliver four-wheel drive. Maserati says they will offer “long range” and “quick charge times” - though no specifics have been announced."
• Meanwhile GreenCarReports were more interested in an electric Jeep: "The Jeep Grand Commander will arrive in 2021 with an all-electric powertrain, By 2022, Fiat Chrysler will offer three new all-electric Jeeps and six plug-in hybrids. While the plug-in hybrids may come to the U.S., it's not clear that electric Jeeps will be roaming Los Angeles freeways any time soon. Marchionne noted that low gas prices in North America make for longer pay-back periods for electrified vehicles. That implies that FCAs new plug-in vehicle options will be slower to arrive in the U.S. than in other markets such as Europe and China. A plug-in hybrid version of the Renegade will go on sale in 2020 and a mild hybrid in 2021. The company also confirmed a plug-in hybrid version of the new Wrangler midway through 2020, in addition to the e-Torque mild-hybrid version due out later this year."
• Timothy Kuniskis, Head of Maserati and Alfa, says: "it becomes increasingly clear that electrified powertrains are expected in the luxury market."
• FCA's 2022 electric strategy for Europe, where heavy fines are in order if they exceed CO2 limits, 20% PHEV or BEV, 40% mild hybrid and 40% non-electrified.

• FCA electric timetable:
• 2018: Mild hybrid RAM 1500
• 2020: Mild hybrid Fiat 500, Phev Jeep Renegade and Wrangler, Hybrid Jeep Grand Cherokee, BEV Fiat 500e, BEV Maserati Alfieri
• 2021: Mild hybrid Jeep Renegade, Phev Maserati Alfieri, BEV Jeep Grand Commander
• FCA investing $9bn in electrification. And the Fiat brand isn't dead, the brand's future lies as an electric city car brand, says Sergio.

MAY EV SALES

• Into a new month which means we can start to check out the newly updated, and may I say rather fancypants, look of the InsideEVs monthly sales scorecard. All joking aside their scorecard is now easier to read, and chart the winners and losers each month.
• And from now on we'll be saying the same thing every month, the Model 3 is sitting at the top of the charts and will be for some time. Their estimate for Model 3 sales is...6,250 in May.
• We never know until Tesla announce the numbers but the Model S is estimated at 1,520 and the Model X at 1,450.
• And if you were thinking what all that adds up to - 9,220 cars estimated sold by Tesla in May.
• Nissan LEAFsales for the month of May hit 1,576 units. That’s the highest LEAF sales have been in a single month since December 2016. They estimate for the month of May, 1,125 Chevy Bolt EVs and 1,675 Volts.
• The Top 5

1. Tesla Model 3*
2. Toyota Prius Prime
3. Tesla Model S*
4. Tesla Model X*
5. Chevrolet Bolt EV*

https://insideevs.com/may-2018-plug-in-electric-vehicle-sales-report-card/

MODEL 3 TEARDOWN CLAIMS LOW COST OF PRODUCTION

• A company in Germany has completed a teardown of the Tesla Model 3 and claim to have worked out a cost for labor, parts and logistics.
• The raw costs are put at $18,000 and the labor costs a conveniently round number - $10,000.
• One of the test engineers said: "If Tesla manages to build the planned 10,000 units a week, the Model 3 will deliver a significant positive contribution to earnings"
• Fred at Electrek concluded: "The analysis would point to Tesla almost hitting a 25% margin on a standard $35,000 Model 3 without any upgrades once they hit 10,000 units per week. I doubt that it will be the case, but I would love to be wrong on this because many people in the auto industry are still hoping for the Model 3 to be unprofitable to show that you can’t mass produce long-range electric vehicles yet."

• And then it took to Twitter...
• Fred Lambert "-You agree that the cost could go down to ~$28,000 on average at 10k units/week?"
• @elonmusk - "Definitely"

CALIFORNIA APPROVES $768 MILLION FOR ELECTRIC VEHICLES

• In news which may have gone under the radar, i wanted to highlight this as it's a seismic level of investment.
• "California’s electric utility companies will spend nearly $768 million on charging infrastructure for electric cars, trucks and buses, under a series of proposals approved Thursday by state regulators." says the San Francisco Chronicle: "The programs, viewed together, are believed to be the largest state-level effort yet by the utility industry to encourage the adoption of electric vehicles. Gov. Jerry Brown has set a goal of having 5 million zero-emission vehicles on California roads by 2030, a steep jump from the 369,300 pure electrics and plug-in hybrids now registered in the state."
• There will be a "focus on creating the infrastructure to support charging stations particularly for electric trucks and buses, in contrast to previous expenditures, which have focused more on cars."

https://www.sfchronicle.com/business/article/Energy-revolution-California-approves-massive-12957685.php?utm_campaign=twitter-premium&utm_source=CMS%20Sharing%20Button&utm_medium=social

I’d love to spread the word about electric cars so, if you can, share this somebody who might be interested.

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