General Motors has unveiled Chevy Bolt, a 100% electric car, to take on Tesla Motors and its small electric car offering. Bolt’s concept was unveiled by General Motors in January 2015. And, the company has been quick to translate the concept into reality and present it to the public at an introductory price of $37,495 for the LT version. The price fits in nicely with the planned pricing scheme of General Motors because electric cars would get a Federal subsidy of $7,500 to make it a $29,995 price tag for the LT version.
Bolt’s price and mileage of 238 miles on a full charge are likely to offer strong inducements for people to move over from fossil fuels to electric car. With an average US driver not driving more than 40 miles a day, one charge on Chevy Bolt would see the week’s office commutes taken care of. The company also hopes to wrest control of the small electric car market from Tesla Motors, which is yet to bring out its own small car. In a way, General Motors beat Tesla Motors into creating a mass market electric car.
Chevy’s previous version of electric car, Chevy Volt has been selling in small numbers since 2011. Volt was a hybrid or duel fuel technology as it had a very limited mileage of around 43 miles on a full electric charge. This made is unsuitable for someone looking to use Volt as a primary commute, since the primary fuel of choice in Volt would have been gasoline. Interestingly, Bolt is likely to challenge Tesla and Nissan’s Leaf in an unequal measure. So, it would be pretty interesting to watch out for developments in the electric market space to see how companies innovate in a bid to take lead in electric car market share.
Below is a video that compares Chevy Bolt with Tesla’s proposed model and Nissan Leaf.
Corporate fuel cards are special fuel cards that are specifically designed to fulfill custom fuel needs of a corporate company. Most corporate cards would be customized to cater to bulk fuel demands of the bulk hauliers and fleet operators.
For companies that are offering fleet services, corporate fuel cards are a suitable choice. Some of the major benefits attached to such a plan are the availability of bulk pricing deals. Substantial discounts to pump priced fuel are a part of custom pricing schemes. Such pricing mechanisms are a hallmark of corporate fuel cards. In some instances, the applicable pricing is cheaper by up to 3 pence a litre.
Adding to the advantage of custom discounted pricing, a corporate fuel card has a much better payment term cycle. If the company has a good credit history, a payment cycle of 4 weeks is not uncommon to avail. A customized payment cycle is a direct benefit for your business if it is eligible to apply for a corporate fuel card.
Finally, one of the major benefits of using a corporate fuel card would be ease by which you can claim VAT expenses on the fuel purchases. An HMRC VAT compliant invoice would ensure that the paid-up VAT charges can be reclaimed as a business expense. Having a corporate fuel card ensures that you receive VAT compliant invoice. Such an invoice will list out your fuel purchases for the billing cycle in complete and comprehensive detail. This will also give you granular details of a fuel transaction. Details such as quantity of fuel filled-up, the time of transaction are listed as part of the fuel transaction details on the invoice statements. VAT component of the fuel purchased is added as a separate line item and thus ensures that you are looking at a complete detailed fuel transaction record for all financial and legal purposes.
Getting a corporate fuel card could be a wise step forward for your company. Check out if your company is eligible for a custom corporate fuel card.
Oil has been falling since late last year and the crash of oil pricing has resulted in crash of oil economies. Notable amongst these are the economies of Venezuela and Nigeria. In spite of falling oil prices, the automotive industry does not seem to be enthused wee bit. Success of Tesla Motors and to some extent of the Nissan Leaf has catapulted the global automotive industry into putting research, new investments and efforts into developing a sustainable product offering that looks beyond the traditional fossil fuel based technology.
For one, there are environment concerns in terms of the adverse impact of carbon emissions out of fossil fuel based technology in the automobiles. Then there were concerns about availability of reserves of fossil fuels over the foreseeable future. Electric cars and electric automobiles came into picture on account of world’s resolve to make automobiles more environment friendly.
As of now, most automotive companies including Ford Motors, Tesla Motors, and Toyota Motors have invested huge sums in developing electric cars for the future. With a robust charging infrastructure, electric cars could come to be accepted as the de-facto commute standard in the developed economies. Infact, Nissan Motors, the developers of Leaf, believe that Europe would get rid of diesel cars soon as most European countries will encourage the use of electric cars.
At this point, electric cars are being accepted gradually with the US being the biggest electric car market of the world. As more countries move ahead towards creating a robust charging infrastructure comprising of charging stations across regional and national maps, the growth of electric cars would eventually supersede that of the traditional cars.
Infact, Bloomberg came out with a study that compares market share of oil driven cars and electric cars in the next ten years. I found this study very interesting and you may go through this short video of 3 minutes to understand how electric cars and electric automobiles will impact the oil economies in the coming times.
Another video below captures the growth of electric cars in the last few years. You would like to engage in a detailed study about the launch of electric cars and how it would change our lives for good. This video would provide insights about how electric cars and technology would change us for the good.