Ford EcoBoost Demand Booms as Overall EV Sales Soften
May 2, 2012 11:24 AM
comment(s) - last by
Consumers choose fuel efficient normal vehicles over EVs and hybrids
Despite the fact that gas prices are at record levels in many parts of the country, the sales of electric vehicles are still falling. Many consumers are staying away from electric vehicles due to the relatively high cost of entry and range anxiety (in the case of the Nissan Leaf).
Two of the most popular electric vehicles in the country are the
and the Nissan Leaf. The Volt isn't a traditional electric vehicle; rather it's an extended range hybrid that runs on battery power and features a generator to recharge the battery for extended driving. GM says that in the month of April 2012 1,462 Volts were sold, which represents 200% increase from April of 2011 when 493 were sold.
April was the second best month for retail sales of Volt cars since it launched in 2010. Interestingly, the good month for Volt sales comes not long after
GM suspended production
of the car due to soft demand.
Chevrolet Volt sales are up.
While sales of the Volt were up, the Nissan Leaf saw sales fall 35% with only 370 units sold. Nissan hopes to sell 20,000 Leaf EVs this year, and will have to sell over 2200 monthly to meet that goal.
While electric vehicle sales are down, Ford has a booming business with its fuel-efficient
. Ford has announced that it has started a third shift at the Cleveland plant that builds EcoBoost engines.
The addition of a third shift to the engine building plant will add 250 jobs. However, most of those positions will be filled by employees that are transferring from a different Cleveland engine plant that will be placed on idle later this week.
The 2013 Ford Fusion will offer two EcoBoost four-cylinder engine options.
"Our engine plant in Cleveland is the first and only facility in North America to produce EcoBoost engines, and we are tripling production capacity to meet customers' growing needs for fuel-efficient engines," said Ford Americas President Mark Fields during a celebration with employees at the plant Tuesday. "EcoBoost engines are a key part of our plan to give customers the power of choice — from EcoBoost-powered vehicles and hybrids, to plug-in hybrids and full electrics."
Ford's EcoBoost engine has found its way the under the hood of everything from
small economy vehicles
. EcoBoost engines use a smaller displacement engine with turbochargers for increased power and fuel efficiency.
This article is over a month old, voting and posting comments is disabled
RE: I'm only saving 1 gallon of gas
5/2/2012 5:06:58 PM
No, that's the Cruze Eco's highway MPG. Combined is 33MPG, and I'd probably get less due to LA traffic.
But fine, let's consider a gallon a day, 300 times a year. That saves $1200/yr in gas at a cost of $400/yr in electricity. If you own it for 5 years, you save $4k. When you sell it, the next owner will save $3-5k more for it than the Cruze (depending on gas prices), and realizes that the same will be true for the guy after that, though the battery will lose some range. So resale value is maybe $7k more than the Cruze (it's a nicer car, too).
Alternatively, look at the lease rates for the Volt. $2500 down, $350/mo. If you save 25 gallons a month, minus recharge costs, then you'd have to get a car with a <$290/mo equivalent lease rate. Will that car be as nice a drive as the Volt?
A Civic HF (33 MPG combined) with the same CCR costs $294/mo, according to Honda's website. It's really not that stupid at all.
RE: I'm only saving 1 gallon of gas
5/2/2012 5:43:29 PM
Civic has really been bumped off its position of being the best small car.
"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer
Chevy Volt Sales Surpass 2,000 for March, George H.W. Bush Buys Volt for Son
April 2, 2012, 9:17 PM
2013 Ford Explorer "Sport" Airs, Gets EcoBoost
March 28, 2012, 4:33 PM
GM to Suspend Chevy Volt Production for Five Weeks, Cites Soft Demand
March 5, 2012, 12:09 AM
Ford Confirms 1.0-liter, 3-Cylinder EcoBoost Engine for Subcompact Fiesta
June 2, 2011, 3:21 PM
Efficient EcoBoost V6 Engine Captures 36% of F-150 Sales
April 28, 2011, 6:10 PM
Quick Note: GM Teases Next Generation Chevrolet Volt
November 20, 2014, 3:26 PM
Audi is Latest to Step Into the Hydrogen Game, Delivers A7 Sportback h-tron quattro
November 19, 2014, 1:41 PM
Toyota’s Mirai Hydrogen Fuel Cell Vehicle Priced from $57,500 in the U.S.
November 18, 2014, 10:23 AM
Honda Still Pushing Hydrogen, Introduces FCV Fuel Cell Concept
November 17, 2014, 8:27 AM
Ford Enlists Wind Energy Corp. to Provide Wind, Solar Energy to Four U.S. Dealerships
November 10, 2014, 10:58 AM
AutoNation CEO Calls Slams Michigan’s “Anti-Tesla Bill”, Chides Elon Musk
November 7, 2014, 6:52 PM
Most Popular Articles
Austrian Pilots Call Surface 3 Pro Flight Bag a "Dream Come True"
November 14, 2014, 2:00 PM
U.S. Marshals Using Fake, Airplane-based Cell Towers to Scan Cell Phones of Americans
November 14, 2014, 9:05 AM
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
Nokia Explores Two Paths Back to the Smartphone Market
November 14, 2014, 9:05 PM
Microsoft: All* Lumias Will Get Windows 10; Adds Real-Time Battery Live Tile
November 13, 2014, 6:32 PM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information