Nutson’s Weekly Auto Information Wrap-up January 8-14, 2023

Nutson’s Auto Information Weekly-Wrap-up January 8-14 2023

Each Sunday Larry Nutson, The Chicago Automobile Man and Auto Channel Government Producer, with ready help from senior editor Thom Cannell from The Auto Channel Michigan Bureau, compile The Auto Channel’s “take” on this previous week’s automotive information, condensed into simple to digest information Nuggets.

LEARN MORE: Full variations of immediately’s information nuggets, together with 1000’s of pages of related information and opinions, info saved in a million-page library revealed and listed on The Auto Channel throughout the previous 25 years. Full info may be discovered by copying a headline and inserting it into any Website Search Field.

Listed below are Larry’s picks among the many previous week’s vital, related, semi-secret, or snappy automotive information, opinions and insider again tales offered as expertly crafted easy-to-understand automotive universe information nuggets.

* Kelley Blue Ebook launched its December new car common transaction value (ATP) report with record-breaking information, as costs are up 4.9% total from 2021. The typical value paid for a brand new car in December was $49,507—a report excessive and up practically $1K from November. Truck gross sales have been notably sturdy final month, greater than 270,000 offered for the primary time for the reason that spring of 2021, and the common value paid for a brand new truck was greater than $59,000. And, on the lower are EV costs which went down greater than $3,500 month over month with Tesla slashing costs and commanding greater than 65% of the electrical car section.

The lately enacted Inflation Discount Act caused modifications within the electrical car tax credit score. If a person purchased and positioned in service a brand new certified plug-in electrical car (EV) or gasoline cell car (FCV) on January 1, 2023 or later and meet sure earnings limitations, they might be eligible for a clear car tax credit score as much as $7,500 beneath Inner Income Code Part 30D. A brand new value limitation prescribes that the car not exceed a producer urged retail value (MSRP) of $80,000 for vans, sport utility autos and pickup vehicles and $55,000 for different autos. Of curiosity is the classifiction of some autos by the Treasury and Inner Income Service. For instance they didn’t classify the Cadillac Lyriq as an SUV, that means its retail value can’t be above $55,000 to qualify for as much as $7,500 in federal tax credit. Equally the Chevrolet Bolt EUV, Ford Mach-E and Escape PHEV, Lincoln Corsair, choose VW ID.4 fashions and the Tesla mannequin Y with 5-seats can not excedd the $55,000 restrict. The IRS is following the 40 CFR 600.002 standards that legally defines car sorts. Recenlty, U.S. Vitality Secretary Jennifer Granholm stated she thinks there’s a sense of understanding from trade and client teams ‘about what the credit will entail and what will likely be eligible.’ PS: Not all so-called SUVs are in actuality an SUV.

* U.S. DoE factoid of the week: The Division of Vitality’s (DOE’s) Automobile Applied sciences Workplace estimates the price of an electrical car lithium-ion battery pack declined 89% between 2008 and 2022 (utilizing 2022 fixed {dollars}). The 2022 estimate is $153/kWh on a usable-energy foundation for manufacturing at scale of at the very least 100,000 items per yr. That compares to $1,355/kWh in 2008. The decline in value is because of enhancements in battery applied sciences and chemistries, and a rise in manufacturing quantity.

* In accordance with NHTSA the variety of visitors deaths on U.S. roadways fell barely throughout the first 9 months of 2022, however pedestrian and bicycle owner deaths continued to rise. NHTSA estimates that 31,785 folks have been killed in crashes from January via September final yr, down 0.2% from the identical interval of 2021. The variety of cyclists killed in crashes rose 8% in contrast with a yr earlier, whereas motorcyclist deaths rose 5% and pedestrian deaths have been up 2%. NHTSA stated that People are driving greater than throughout the top of the pandemic, with preliminary Federal Freeway Administration information exhibiting a 1.6% improve in car miles traveled within the first 9 months of final yr.* Inrix revealed the 2022 International Site visitors Scorecard that recognized and ranked congestion and mobility developments in additional than 1,000 cities, throughout 50 international locations. Chicago (155 hours), Boston (134 hours), and New York (117 hours) misplaced probably the most time to visitors congestion within the U.S. and have been all within the high 5 for many congested cities on the planet, alongside London (156 hours) and Paris (138 hours). The everyday American driver misplaced 51 hours in congestion, up 15 hours from 2021 however nonetheless practically 50% under pre-pandemic ranges.

* The top of the Nationwide Transportation Security Board expressed concern in regards to the security dangers that heavy electrical autos, such because the 9,000-pound GMC Hummer EV, pose in the event that they collide with lighter autos. “I’m involved in regards to the elevated threat of extreme harm and loss of life for all highway customers from heavier curb weights and rising dimension, energy, and efficiency of autos on our roads, together with electrical autos,” Jennifer Homendy stated in remarks ready for the group. Additionally of concern is electrical autos have very excessive horsepower rankings, permitting them to speed up rapidly even in crowded city areas. “Individuals are not educated to deal with that sort of acceleration,” stated Michael Brooks, government director of the nonprofit Heart for Auto Security.

* The Biden-Harris Administration launched the U.S. Nationwide Blueprint for Transportation Decarbonization. Developed by the departments of Vitality, Transportation, Housing and City Improvement, and the Environmental Safety Company, the Blueprint is a landmark technique for reducing all greenhouse emissions from the transportation sector by 2050. It exemplifies the Biden-Harris Administration’s whole-of-government method to addressing the local weather disaster and assembly President Biden’s objectives of securing a 100% clear electrical grid by 2035 and reaching net-zero carbon emissions by 2050.

* In accordance with analysis from S&P International Mobility, the US will want greater than 2.3 million chargers for electrical autos by 2030 to service the projected 28 million EVs on the highway by then. “Developments in battery expertise, and the way rapidly EVs can obtain energy, will likely be as vital to enhancements right here as how rapidly and plentifully infrastructure can present the facility,” stated Graham Evans, analysis and evaluation director for S&P International Mobility.

Greater than 90% of vehicle-owning households in america would see a discount within the proportion of earnings spent on transportation power—the gasoline or electrical energy that powers their vehicles, SUVs and pickups—in the event that they switched to electrical autos. And greater than 90% of households that change gas-powered autos with EVs would additionally cut back the quantity of climate-warming greenhouse gases they generate, in response to a brand new College of Michigan research. Nevertheless, greater than half of the lowest-income U.S. households (an estimated 8.3 million households) would proceed to expertise excessive transportation power burdens, outlined on this research as spending greater than 4% of family earnings on filling the tank or charging up. Hat tip to our buddies at The Detroit Bureau.

* Rolls-Royce has achieved its highest-ever annual gross sales in 2022, delivering a complete of 6,021 motor vehicles, up 8% on 2021, to shoppers in round 50 international locations worldwide. That is the primary time within the firm’s 118-year historical past that its gross sales have exceeded 6,000 in a single 12‑month interval. The USA was as soon as once more the marque’s largest total market as a brand new era of youthful American entrepreneurs, wealth mills and job creators have been drawn to Rolls-Royce for the primary time, in response to Rolls-Royce.


* Examine again subsequent week: Chevrolet plans to introduce the Corvette E-Ray on Jan. 17. The E-Ray, a gasoline-electric model of the eighth-generation sports activities automobile, additionally provides all-wheel drive for the primary time.

* The 2023 NACTOY winners have been introduced. The Acura Integra is the 2023 North American Automobile of the Yr. The Kia EV6 is the 2023 North American Utility Automobile of the Yr. The Ford F-150 Lightning is the 2023 North American Truck of the Yr. Congratulations to the winners. PS – The Detroit Free Press selections we talked about final week have been proper on.

* Hertz believes within the saying “Let the great occasions roll.” Whether or not you’re planning an evening out in town for a giant birthday; seeking to arrive in type in your bachelorette social gathering; or celebrating a milestone anniversary, you’ll be able to have a good time your subsequent thrilling second with a rental car from Hertz full with a custom-wrapped exterior. Hertz provides 19 completely different designs to select from.


* Reuters reviews Federal car security regulators stated they need Tesla officers to clarify a tweet by Elon Musk suggesting he might order a software program replace that turns off the system that nags drivers to maintain palms on the wheel whereas a Tesla driver operates the car on Autopilot. Performing Nationwide Freeway Site visitors Security Administration chief Ann Carlson stated Monday that the company is working “actually quick” on its investigation of Tesla and Autopilot security.

* A fireplace broke out at Guangzhou, China auto present on the eve earlier than it opened. The hearth, in IAT Vehicle Expertise Co. sales space, was brought on by an accident involving an exterior energy swap, in response to an organization assertion. The present opened with no delay and is presently workiKevin Harvick introduced that the 2023 NASCAR season will likely be his closing season within the Cup Sequence. Harvick, 47, is within the final yr of his contract with Stewart-Haas Racing and had beforehand stated that an announcement can be made concerning his future earlier than the season-opening Daytona 500 on Feb. 19. Harvick was thrust into the Cup Sequence in 2001 after the loss of life of Dale Earnhardt. He took over Earnhardt’s renumbered No. 29 automobile for Richard Childress Racing the week after Earnhardt died within the 2001 Daytona 500. Harvick then went on to be one of the vital profitable drivers of the 2000s. General, Harvick has scored 60 wins in 790 Cup Sequence begins and is a surefire NASCAR Corridor of Famer on the primary poll

Keep secure. Be Nicely.

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