Auto Central Chicago – July 31, 2022; Every Sunday Larry Knutson, executive producer of The Chicago Car Guy and Auto Channel, compiles Auto Channel’s “takes” on last week’s automotive news, with the able assistance of Thom Cannell, senior editor at The Auto Channel Michigan Bureau The digested news is condensed into nuggets.
learn more: Complete editions of today’s news nuggets with thousands of pages of relevant news and opinion archived in a million-page library published and indexed on The Auto Channel during the past 25 years. Complete information can be found by copying a title and inserting it into any site’s search box.
Nutson’s Automotive Weekly Auto News Wrap-up – Week Ending July 30, 2022 Below are some of the last week’s important, relevant, semi-secret, or fast automotive news, opinion, and inside back stories presented as expertly-ready-to-understand automotive universe news nuggets.
* For the sixth straight week, the nation’s average gas price fell 17.4 cents from a week earlier to 4.33 on July 25, according to GasBuddy data compiled from more than 11 million individual price reports covering more than 150,000 gas stations nationwide. Dollar per gallon. , The national average is 56.7 cents lower than a month ago and $1.19 a gallon higher than a year ago. The national average price of diesel has dropped 13.0 cents in the past week to $5.41 a gallon. Gas sales averaged $3.999 per gallon in 16 states by the middle of the week.
* Automotive News first reported a successful deal between US Senators Chuck Schumer and Joe Manchin. The deal includes the expansion of a popular consumer tax credit for purchases of electric vehicles, a major win for EV-makers such as General Motors, Tesla and Toyota. EV proponents have argued that tax credits are necessary to fuel the growth of the nascent plug-in car market. A prior Biden administration proposal allowed unionized carmakers to offer an additional $4,500 to EV car buyers, but the provision was opposed by Manchin after facing strong blows from companies such as Tesla and Toyota, who argued Given that it would give his Detroit-based an unfair advantage. rivals. The proposal will remove the 200,000 vehicle cap currently imposed on the $7,500 consumer tax credit for purchasing EVs, and add a new $4,000 credit that can be used by buyers of used EVs. Families with incomes over $300,000 will not be eligible for a new EV purchase subsidy. More importantly, the proposal will encourage consumers to buy electric trucks and SUVs instead of electric sedans. Cars priced above $55,000 will not be eligible for the new tax credit. However, buyers of electric trucks priced up to $80,000 can get a tax exemption.
*Meanwhile: The US federal government offers a $7,500 tax exemption on purchases of most electric vehicles. But the average car buyer will be happy with the cash up front, even if the value is low. A new study from George Washington University found that the average car buyer would be happier with a lower incentive of up to $1,440 if they could collect it at the time of purchase rather than wait until they file their taxes after purchasing the car. Low-income buyers valued instant cash discounts more than the average buyer.
* Semiconductor shortages will continue to impact vehicle supplies until 2024, according to the recently published 2022 AlixPartners Global Automotive Outlook. Electric vehicle charging is emerging as a significant difference. Infrastructure still needs investment. The latest AlixPartners forecasts BEVs to be the majority vehicle type by 2035 in all key sectors, surpassing internal-combustion-engine (ICE) vehicles.
* US DOE Factoid of the Week: The average American household spent $9,826 on transportation in 2020, accounting for 16% of all annual household spending. Transportation expenses include vehicle purchases, gasoline and motor oil, other vehicle expenses (maintenance, insurance, etc.), and public transportation costs. For households with incomes between $50,000 and $59,999, transportation accounted for 18% of total expenses – the highest share of any income group. While people in the highest income group spent more on transport overall, it accounted for only 13.3% of their household expenditure, the lowest share of any income group.
* As we read from Reuters, a coalition of consumer, safety and automotive technology watchdog groups is urging automakers to adopt standard, no-frills names to describe advanced safety technology, including cruise control systems that automate Mimics driving, but does not replace human drivers. AAA, Consumer Reports, JD Power, the National Safety Council, Partners for Automated Vehicle Education and SAE International are proposing plain-vanilla names about the functions of distance-kept cruise control combined with a lane-keeping function. are more descriptive. Compared to labels such as “Co-Pilot 360,” “Super Cruise,” or “Drive Pilot.” The “Clearing the Confusion” campaign would call these systems: “Adaptive Cruise Control” and “Lane Keeping Assistance.” Automakers may not dismiss these offers out of hand, though sidestepping costly branding projects will not be done lightly. The industry faces a risk that government regulators may step in to demand standardization.
* GM wants to help potential electric vehicle buyers learn about buying, printing, operating and maintaining a battery-electric vehicle. GM launched a new, free EV Live website for consumers, dealers, fleet buyers and GM employees to connect with real people and trained experts. A wide range of EV topics can be discussed and reviewed. Check it out yourself: https://evlive.gm.com
* The pickup truck parked on the side of the road may not be your local homemaker. Ford unveiled America’s first electric pickup truck built for police: the 2023 Ford F-150 Lightning Pro Special Service Vehicle. The F-150 Lightning has a really big front trunk, so treat yourself.
* Last year in Sonoma County, Petaluma, California, voted to ban the construction of new gas stations. Four other Bay Area cities followed suit. And now, leaders in California’s most car-focused metropolis—Los Angeles—are hoping to bring climate-conscious policy to Southern California.
* Mitsubishi is recalling 56,080 model year 2022 Outlanders because the rearview camera cannot display a rearview image due to a software error. A passive rearview camera display reduces the driver’s rear view, increasing the risk of an accident.
* No NASCAR Cup race winner has been disqualified since Emmanuel Zervakis in April 1960. Denny Hamlin was declared the winner of the NASCAR Cup race in Pocono last weekend. Post-race technical inspection revealed that “there was some material that was somewhere where it shouldn’t be.” It looks like the front fascia was changed which would affect the aerodynamics. Joe Gibbs Racing Hamlin and runner-up finisher Kyle Bush were DQ’d. Reminds us of Smokey Unique who said, “If the rule book doesn’t say you can’t do it, you can”.
* Four-time world champion Sebastian Vettel announced his retirement from Formula One at the end of the season, saying his goals have changed and he wants to focus more on family and interests outside the sport. The 35-year-old German, who drives for the Aston Martin team, won his title with Red Bull from 2010–13 and also spent six seasons with Ferrari.
* Porsche plans to enter Formula 1 with Red Bull. Automotive News reports that the sports-car maker is planning to buy half of Red Bull Technology. In April, the VW Group’s supervisory board approved plans for Porsche and Audi to join Formula 1. In May, Porsche CEO Oliver Bloom confirmed that the company had begun developing an engine for the race series.
stay safe. be happy.