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Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.

Recharge Wrap-up: BMW's 2015 awards, Tesla Superchargers in Poland

Poland will soon get its first Tesla Superchargers. A photo on Reddit appears to show multiple parking stalls with Superchargers under wraps at an Orlen fuel station. Tesla recently signed a deal with the German branch of Polish oil refiner Orlen to install Superchargers at fuel stations in Germany, and it appears the focus is shifting eastward to Poland. Some question whether it makes sense for Tesla to focus on Poland, where the cities have a lot of high-rise dwellings and few private garages. Tesla, however, is known for taking risks on building infrastructure as an investment in future customers. Read more from Teslarati. Is it really true that most pedestrian crashes are the pedestrian's fault? Baltimore County and other authorities claim this is the case, but upon examination, this appears to be because roadways aren't always designed with the entire community in mind. In some cases, for instance, large, multi-lane roads travel through neighborhoods where more residents travel by foot out of necessity. "The really tragic part about it is that the two areas where we've had the most pedestrian fatalities, these are disinvested, depopulated areas," says Dallas City Councilman Philip Kingston. "Those big arterials are completely unnecessary. It's so overbuilt. The infrastructure is built for a bygone era that simply doesn't match what's there now." Read more at Treehugger. BMW won numerous distinctions for sustainability in 2015. Among the automaker's many other accolades for a variety of vehicles, The BMW i3 and i8 were singled out for praise. The i8 won four awards, including Green Car of the Year, from the World Car Awards. It was named All-Wheel Car of the Year by Auto Bild, and best sports car by multiple organizations. The i3 won Car of the Year Australia, Blogger Auto Award for the Small Car category, Auto Bild Value Master award for EVs, among others. Read more in the press release below. Distinctions, prizes and awards for BMW in 2015. Position confirmed as worldwide trendsetter in innovation, design, quality and sustainability. Munich. 2015 was a highly successful year for the BMW Group and this is confirmed by overwhelming worldwide acknowledgement. This year BMW vehicles won numerous national and international distinctions in categories as varied as innovation, design, sporty flair, quality, sustainability and intelligent vehicle connectivity.

Recharge Wrap-up: Lego Tesla logo, BMW goes electric in Singapore

A man built a giant Tesla logo out of Legos. Adrian Drake, a Tesla owner, displayed his brickwork homage to the electric car company at Brickworld Chicago. In the video above, the hosts interview Mr. Drake about his creation, and he gives some insights into how he conceived and constructed the freestanding display. Drake also demonstrates its sturdiness, giving the logo a tap to send it wobbling precariously from side to side. You'll probably notice that standing to the left of the logo is a Lego model of a Tesla Supercharger. That was built by Robert Turner and can be seen in a separate video. See the Lego Tesla logo in the video above, and read more at Teslarati. Canadian power generator TransAlta will use Tesla stationary batteries for a commercial energy storage project. The project involves installing five Tesla Powerpacks to store energy during periods of low demand for use during peak grid times. TransAlta believes that energy storage systems like this will help encourage the creation of more wind and solar energy. "This is a major step forward in putting new technology to work in Canada," says TransAlta Lead Engineer of Technology Dan Chapman, "and Tesla is already a leader in this field." The project is expected to be up and running in late 2016. Read more from TransAlta. BMW and Nanyang Technological University in Singapore have launched an electromobility research program. In addition to the projects the joint Future Mobility Research Lab is already working on, (Advanced Battery, Driver Enhancement and Intelligent Mobility), the groups will also begin Electromobility in Asia and Smart Materials research projects. The Electromobility in Asia project focuses on how people interact with BMW's i cars, while the Smart Materials project seeks to improve touchscreens and interactive surfaces. BMW has provided the lab with an i3 and i8 with which to conduct research. Each partner is investing $965,000 into the new programs. Read more at Green Car Congress, and in the press release below. BMW Group and NTU embark on S$1.3 million electromobility research NTU receives BMW i3 and BMW i8 as research platforms Singapore. BMW Group and Nanyang Technological University (NTU Singapore) today launched a new electromobility research programme, involving the all-electric BMW i3 and plug-in hybrid sports car BMW i8 that runs on electricity and petrol.