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Recharge Wrap-up: Nikola One to debut in December, UK charging to outnumber gas stations by 2020

Nikola Motor Company plans to unveil its Nikola One electric truck prototype on December 2, 2016. The company, based in Salt Lake City, says it has "engineered the holy grail of the trucking industry," according to founder and CEO Trevor Milton. "We are not aware of any zero emission truck in the world that can haul 80,000 pounds more than 1,000 miles and do it without stopping. The Nikola One requires only 15 minutes of downtime before heading out for the next 1,000 miles." Nikola also has plans to build emissions-free power plants. Read more in the press release from Nikola, or at the company website. Nissan says EV charging stations will outnumber gas stations in the UK by 2020. The UK had just 8,472 gas stations at the end of 2015, down from 37,539 in 1970. Extrapolating that to 2020, the UK is expected to be home to fewer than 7,870 fuel stations. By then, and possibly much sooner, charging stations are expected to surpass 7,900, up from 4,100 in 2016. Growing interest in EVs, infrastructure expansion, and better batteries mean that "the tipping point for mass EV uptake is upon us," according to Nissan EV Manager Edward Jones. Read more from Nissan, or at Green Car Congress. BMW is expanding its ChargeNow service to 25 markets. In a partnership with EVgo, BMW i3 and i8 customers will have the option of an annual or pay-as-you-go ChargeNow membership with service in cities around the country, with "introductory pricing" available until July 31, 2017. For those i3 owners in California already enrolled in the DC fast charging program, their free access is expiring. See more details about the program and its locations in the BMW i forum, and read more at Green Car Reports. Featured Gallery Nikola One Electric Semi Truck Related Gallery BMW i3 Gesture Parking News Source: Nikola, Nikola, Nissan, Green Car Congress, Green Car Reports, The Circuit Green BMW Automakers Nissan Green Automakers Truck Commercial Vehicles Electric Future Vehicles recharge wrapup

2014 BMW X5 doesn't upset the formula

BMW has unveiled the 2014 X5, and fans of the company's CUV will find plenty familiar in the machine. The biggest change to the recipe comes in the form of the X5 sDrive35i, which is the first rear-wheel drive version of the high-riding five-door to date. Buyers will, of course, continue to be able to opt for all-wheel drive, and both models will get their thrust from a 3.0-liter, turbocharged inline six-cylinder engine. That powerplant makes 300 horsepower and 300 pound-feet of torque and is mated to an eight-speed automatic transmission. BMW says the combination is good enough to get the SUV to 60 miles per hour in around 6.2 seconds.
Those who require more thrust can step up to the more potent X5 xDrive50i with its twin-turbo 4.4-liter V8 engine. Drivers get to enjoy an extra 45 hp over the previous model, with final output up to 445 hp and 480 lb-ft of torque. Paired with an eight-speed automatic of its own, the engine can hustle the big X5 to 60 mph in 4.9 seconds.
The 2014 BMW xDrive35d continues to offer diesel power, though output has dropped 10 horsepower to 255 hp and 413 lb-ft of torque. Even so, BMW says the X5 diesel will be just as quick or quicker than the 2013 model. You can check out the full press release below for more information.

Automakers are getting nervous about Europe's economy

Carmakers BMW and Stellantis on Thursday expressed concerns about Europe's economic outlook, joining a chorus of retailers and others in warning of waning consumer confidence on the continent and hitting their shares. "Obviously the macro(-economic situation) in Europe is more challenging, which gives me pause, personally," Stellantis chief financial officer Richard Palmer said on a conference call with analysts. "If there was anywhere where I was more concerned, it would be Europe than anywhere else really based on the macro." This follows a dire assessment of consumer sentiment in Europe from the likes of consumer goods company Unilever and news of lower spending by Europeans from Amazon. Like other major auto companies, Stellantis and BMW have been hit by supply chain disruptions stemming from the global coronavirus pandemic that have curtailed car production. They have also benefited from strong consumer demand amid low vehicle supply, allowing them to raise prices and keep them high even as the semiconductor shortage shows signs of easing. BMW posted a 35.3% jump in third-quarter revenue despite a small drop in vehicle sales. Stellantis said its revenue rose 29% on the back of a 13% increase in vehicle sales as more semiconductors became available. The concern among analysts has been that demand may falter, just as carmakers get their hands on the supplies they need, undermining pricing and hurting profits. But this week Ferrari said it was confident about its prospects for this year and 2023 as demand for its luxury cars, as well its pricing power, remained strong. Both BMW and Stellantis said on Thursday they had vehicle order books that stretched into the second quarter of 2023. But BMW's chief financial officer Nicolas Peter said high inflation and rising interest rates could hit buyers' wallets. "This is causing conditions for consumers to deteriorate, which will affect their behaviour in the coming months," he said. "We therefore continue to expect our higher-than-average order books to normalise, especially in Europe." He added customers had been unhappy about the wait for new cars, so "a slight reduction (in orders) would not be negative." Palmer said Stellantis was "ready for any softness in demand" but in the short term had been affected by a shortage of drivers to deliver its cars to dealers. "At the moment, we can't build enough cars," he said.