Caution on Tesla: A new Harvard Business Review piece takes a rather skeptical view of the Silicon Valley electric vehicle company, arguing it's an innovative but not disruptive force like Apple's iPhone or Netflix. Not yet anyway.
- "For now, what the company has is a powerful brand that stands for luxury and sustainability at the same time. But it's not hard to see any number of existing premium brands—think BMW, Mercedes, Volvo, Lexus—stepping in to claim the same mantle," the story states.
Speaking of EVs: Hyundai is moving more aggressively into the electric car market with a number of new offerings planned. Via Reuters:
- "The South Korean automaker is planning to launch an electric sedan under its high-end Genesis brand in 2021 with a range of 500 km (310 miles) per charge. It will also introduce an electric version of its Kona small sport utility vehicle (SUV) with a range of 390 km in the first half of next year."
EPA: The agency said yesterday that it's revisiting a 2016 rule that set greenhouse gas and efficiency standards for medium- and heavy-duty trucks in model years 2021-2017.
- The Obama-era EPA, when finalizing the rules, said they would cut oil consumption by over two billion barrels over the life of the vehicles sold under the rules.
- But current EPA Administrator Scott Pruitt said he's responding to "significant issues" with the rule that industry has raised. "We intend to initiate a rulemaking process that incorporates the latest technical data and is wholly consistent with our authority under the Clean Air Act," he said.
Polling: The latest Quinnipiac University survey finds that 61 percent of voters disapprove of Trump's handling of the environment, while 33 percent approve. Trump's approval/disapproval rating on the environment has remained pretty steady for months in their polling.