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Leaf EV sales market is expanding

For a long time the big problem for Nissan and many electric vehicle makers was the fact that electric vehicles simply weren't popular due to high pricing, range anxiety or any variety of other reasons. Nissan is now fighting the opposite problem with demand surging in new markets without the inventory to satisfy interested consumers.

Nissan director of electric vehicle sales Erik Gottfried says that he recently flew to Texas to meet with dealers that are clamoring for more Leaf electric vehicles.

"They really want more Leafs in Dallas," Gottfried says. "I assured them that we're doing everything we can to get them more inventory. But it's taking some time. It will be late fall before we can produce enough to satisfy everybody."

Nissan is now selling approximately 2,000 Leaf electric vehicles each month which is about four times the volume it was selling about a year ago. To meet this new demand, Nissan is slowly ramping up production of the Leaf at its manufacturing facility in Tennessee.


"We're going to be short on inventory all through the summer," Gottfried says he has been telling dealers. "

Since its introduction, the Leaf has been most popular on the West Coast in areas such as San Francisco and Seattle. However, the market has expanded sales are exploding in St. Louis, Atlanta, Chicago, and Raleigh. Atlanta is now the third-largest market for the Leaf electric vehicle and had only nine days of supply in June.

A year ago, California made up 37% of Leaf cells. Now, the state only accounts for 27% of sales due to significant growth in other markets.
 
Nissan credits its price cut of about $6,000 earlier this year for the increased sales.

Source: Autonews



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RE: Smells like artificial shortages
By tayb on 7/16/2013 11:47:43 AM , Rating: 3
I hope you never bought a house and received a new house tax credit or you are just a raging hypocrite. Or went to school and received an tuition tax credit. Or paid into a retirement account and received a tax credit. Or had a child and qualified for a tax credit. Or any other extremely popular tax credits that no one seems to give a damn about. The tax system incentivizing a lot of different things and no one seems to give a damn but as soon as we start talking about fuel efficient vehicles people get into an uproar. What a joke.


RE: Smells like artificial shortages
By DukeN on 7/16/2013 1:32:13 PM , Rating: 2
Stop it man, you're ruining the ragehate fun.


RE: Smells like artificial shortages
By Shig on 7/16/2013 1:58:05 PM , Rating: 2
The more people mindlessly hate something, the more you know it's succeeding. Electric cars will still be 'failing' as they become a mainstay in the US car market.


RE: Smells like artificial shortages
By OnyxNite on 7/16/2013 2:45:37 PM , Rating: 2
Personally I'd rather see all the CREDITS go away and simply use DEDUCTIONS. That being said as long as there are credits then you're only hurting yourself if you don't take advantage of the ones you are eligible for. You have to play the game by the rules as they are not how you want them to be.


RE: Smells like artificial shortages
By JediJeb on 7/16/2013 5:29:53 PM , Rating: 3
From what I have read up on this "credit", it seems that what you get is $7500 taken off what you owe the government. If I only owe the government $5400 in taxes this year and I buy a Nissan Leaf then I essentially owe $0 taxes but do not get the remaining $1100 back as a refund.

That is why marketing that you can take $7500 off the asking price of one of these is misleading because you can only take that much off if you owe that much in taxes to begin with. If you owe $0 taxes then you would get $0 for purchasing one. If what I have read is correct.


RE: Smells like artificial shortages
By Spuke on 7/16/2013 6:27:02 PM , Rating: 2
quote:
From what I have read up on this "credit", it seems that what you get is $7500 taken off what you owe the government. If I only owe the government $5400 in taxes this year and I buy a Nissan Leaf then I essentially owe $0 taxes but do not get the remaining $1100 back as a refund.
This is exactly how I read it too. BTW, tax credits are not all handled the same.


By JPWhite on 7/16/2013 8:25:56 PM , Rating: 2
Your analysis of how tax credits work is correct. So yes if you buy the vehicle outright you will only benefit $5,400 which is your total tax liability for the year, (which is different from what you 'owe' BTW).

In order to get the full $7,500 one can lease the LEAF, the $7,500 is taken off at point of sale so you get the full benefit regardless of your personal tax situation. So for tax payers who have a liability of less than $7,500 leasing maybe a better option. Depends on how far you drive each year and the lease mileage cap and how much extra benefit you get from leasing vs buying.


RE: Smells like artificial shortages
By GulWestfale on 7/16/2013 11:26:03 PM , Rating: 2
5400+1100 is 7500 where you live? can i have whatever is left over please?


By JediJeb on 7/17/2013 3:05:25 PM , Rating: 2
Naw, just let me balance your check book :)

At least I didn't credit you $92 Quadrillion like PayPal just did to someone.


RE: Smells like artificial shortages
By Rukkian on 7/16/2013 2:50:52 PM , Rating: 2
This is the whole thing I do not understand about all of the outrage on this. I currently rent out of choice, but am subsidizing everybody else that buys a house. Where is the outrage for this?

It all comes down to everybody only caring about what they will get out of it. If it is something they get money from, it is great, if it only helps others, then it is a horrible injustice and people should be hanged on the white house lawn for it.

I can't personally use an electric vehicle, cause they either don't have the range I need, or are too expensive. I don't currently have a place to charge, but could probably figure that piece out, and still I have no problem with this credit.

If we wanted to look into all credits and get rid of most (all?) of them, I think everybody would be better off.


RE: Smells like artificial shortages
By Spuke on 7/16/2013 6:33:36 PM , Rating: 2
quote:
This is the whole thing I do not understand about all of the outrage on this.
The only reason why there's "outrage" over this is because it's the political talking point of the day.


RE: Smells like artificial shortages
By JPWhite on 7/16/2013 8:28:44 PM , Rating: 2
I agree. If you are upset about EV Credits, then one should advocate the flat tax with no option for deductions or credits. Eliminate them all.

Then the govt would do a 'cash for clunkers deal' and give someones money to the someone else. Shock, horror.


By JediJeb on 7/17/2013 3:07:42 PM , Rating: 3
I vote yes on a flat tax, same percentage for everyone who makes any money and no deductions whatsoever. That we we can just do away with the IRS too.


RE: Smells like artificial shortages
By Motoman on 7/16/2013 7:03:08 PM , Rating: 2
I rent. Got no kids. Didn't take any school loans. Chose to use my IRA to pay off bills when the company I worked for closed up shop - and paid enormous tax penalties because of it.

When someone buys an EV and gets that ludicrous tax break, meant to prop up a product that's incapable of competiting on it's own merits, the tax revenue per capita decreases for that frivolous credit - effectively putting more burden on everyone else. If you buy an EV and get that ridiculous tax break, and I don't, I'm paying more taxes than you are. Period. Pretty simple math.

At least tuition tax credit, or kid credits, or whatever, have some kind of basis in something valid. I never got a tuition credit, but frankly I wouldn't be upset with someone else that did.

But a tax credit for buying an EV? Please. The one and only reason that tax credit exists is because EVs are a product that can't compete based on their own merits. Ergo, they should just fail in the marketplace...until such time as such a product *can* be made that *can* compete on it's own merits.

The EV tax credit is a Smug Subsidy. Have fun smelling your farts while paying less than your fair share of tax. Don't worry - the rest of us will apparently make up for your shortfall.


RE: Smells like artificial shortages
By flyingpants1 on 7/17/2013 2:26:52 AM , Rating: 2
It's meant to keep EVs afloat until prices drop. It worked.


By Jeffk464 on 7/17/2013 11:18:53 AM , Rating: 2
Yup, same as with the prius which is now profitable. I think Tesla would have no problem selling the same number of cars without the tax credit. People seem to love the car and are willing to pay a price premium to get one.


RE: Smells like artificial shortages
By Reclaimer77 on 7/17/2013 11:59:36 AM , Rating: 3
quote:
It's meant to keep EVs afloat until prices drop. It worked.


Why is it the Government's responsibility to keep "EV's afloat"?

There are hundreds of technologies and products out there that could benefit our lives, yet have little to no market penetration because of cost barriers. Should the Government just arbitrarily pick winners and losers there and fund them?

The amount of Government manipulation into the automotive industry is what's probably bothering me more than anything. Direct market manipulation by Government has never succeeded, historically, and always has far-reaching unforeseen consequences.


By flyingpants1 on 7/21/2013 9:37:09 PM , Rating: 2
It's not their responsibility, it's just something they did, because each ICE car shoots out poisonous gas everywhere it goes, and it's more than reasonable because other countries subsidize technology too, whether it be the oil industry or the EV industry... And I am sorry.


RE: Smells like artificial shortages
By tayb on 7/17/2013 9:41:41 AM , Rating: 2
What an excellent argument!

quote:
At least tuition tax credit, or kid credits, or whatever, have some kind of basis in something valid.


You know what that "some kind of something or whatever" thing is? It's called an incentive. It's an incentive to buy a house, an incentive to go to school, or an incentive to have kids. You could even call it a reward. I don't really care. Point is you either have a problem with all tax credits/incentives or none of them at all.

quote:
But a tax credit for buying an EV? Please. The one and only reason that tax credit exists is because EVs are a product that can't compete based on their own merits. Ergo, they should just fail in the marketplace...until such time as such a product *can* be made that *can* compete on it's own merits.


A tax credit for buying a house? Please. The one and only reason that tax credit exists is because buying a house is not a great financial decision as opposed to renting. Ergo, home builders should just fail in the marketplace... until such time as a house is cheap enough that it is a stronger financial alternative to renting.

Or... simply replace "buying a house" with "going to school" or "having a child." Your argument is ridiculous and is void of all logic or reason. You just don't like fuel efficient vehicles, for whatever ridiculous reason. Probably because reporters on Fox News told you not to.


RE: Smells like artificial shortages
By ZmaxDP on 7/17/2013 1:53:05 PM , Rating: 2
What what WHAT??? Woooosh... (That is the sound of your credibility going out the window...)

Buying a house is a far better financial decision than renting in a lot of situations. Maybe not all, but in a vast majority of the US it is. Takeout the interest tax break, still a better decision. WAY better. We just had a renter buy a rental property from us. Purchasing the house at today's interest rates in the Dallas market ignoring any tax implications and assuming they'll only be able to sell at the same value they purchased at resulted in an almost 22 thousand dollar net gain in their personal accounts over three years compared to renting on a home costing 90K. So, financially speaking, that is 7333.33 better decision per year. That comes from the reduced price per month (about 11K over three years) and the equity gained (the other 11K). If the market improves over the next three years, it looks even better. The home would actually have to loose about 20% of its value for the end result in three years to be break-even between renting.

So, yeah, I don't know what world/continent/state/city you live in - but to globally state that home ownership needs tax incentives to justify it financially seems just nuts to me. That's 22K that family can invest in their kid's college education, or into their 401Ks, or into a new EV (just kidding!).

Leasing makes a lot of sense on items that depreciate like cars, boats, etc... On anything that holds or improves it's value historically over time - it almost never makes sense to lease as you're only assisting someone else in building their wealth - not yourself. The only thing that typically sways that needle is interest rates and available capital. If you have high enough interest rates and insufficient capital to purchase the item outright, then there are points at which rental/leasing makes sense for value holding assests as well - however with current interest rates as low as they are I can't think of a single example where this is currently true.


By topkill on 7/19/2013 9:43:24 AM , Rating: 2
You're making his point for him! It's a better decision BECAUSE of the financial incentives of the tax break!

GEEZ! Do you people even think about the things you say before you post them? For god's sake man, use your head for a minute.


RE: Smells like artificial shortages
By euclidean on 7/17/2013 10:24:29 AM , Rating: 2
So what does that mean about the subsidies for Oil/Gas? Based on this statement, should we not get rid of those and let Oil/Gas stand up on it's own?


RE: Smells like artificial shortages
By Reclaimer77 on 7/17/2013 11:06:01 AM , Rating: 2
Can we stop regurgitating this FUD?

There are no direct oil/gas subsidies like there is for EV's. There ARE tax breaks that are the same and any other business would qualify for, however.

Furthermore oil/gas tax revenues are responsible for tens of billions of dollars a year, EVERY year, in state and Federal government revenues. Far far outstripping the pennies on the dollar that your "subsidies" cover. Unlike EV's which have yet to make a single positive contribution to tax revenues or the general populace.

Your entire post is a straw man, a factually bankrupt one at that. Oil isn't subsidized by the Government to boost sales, and it IS standing on it's own and has been for over a hundred years.


RE: Smells like artificial shortages
By Spuke on 7/17/2013 12:04:39 PM , Rating: 2
quote:
Can we stop regurgitating this FUD?
X2, I really tire of the lies and spin. We get enough from our government.


By Reclaimer77 on 7/17/2013 12:09:16 PM , Rating: 2
quote:
I hope you never bought a house and received a new house tax credit or you are just a raging hypocrite.


But EVERYONE buying a house qualifies for the same credit. Your analogy is false, STOP using it. A better analogy here would be if I qualify for the tax credit because my house is brick, but you don't because it's vinyl sided.

Why should one vehicle choice benefit someone greatly while we punish the other one? Don't you see how wrong it is to wield taxation and Government power like a club in order to punish one group of people while rewarding the other?

I don't WANT a Government that thinks it's job is to punish me for owning an ICE vehicle, and rewarding you because you own an EV. That's prejudicial! A car is a car is a car.

If you want your Goddamned EV tax credit, fine. Make them available to EVERY car purchase and I'll shut up. But I will simply NOT shut up and go along with this absurd Liberal EV lovefest nonsense. We don't need the Government doing this! If you want your car, pay for it! It's that simple. Everyone else does it, why can't EV owners?

quote:
Or went to school and received an tuition tax credit.


Same straw man, EVERYONE going to school qualifies for that same credit.

quote:
Or paid into a retirement account and received a tax credit.


Uhhh ditto here. Hello??

quote:
Or had a child and qualified for a tax credit.


Again, everyone with a child qualifies. How stupid can you possibly be!!??


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