For Today: Musk tweets teaser on Model 3 launch, Europe’s largest utility sees plug-in vehicle sales coming faster than expected

Model 3 release date teaser:  The launch date of the Tesla Model 3 will be revealed on Sunday, according to a Twitter post by CEO Elon Musk. However, the announcement could be other news such as when the production will start next month, or when a production model will be shown during that month. Douglas Bailey spoke for those anxious to learn more in his tweet last night: “please have mercy. I don’t care if you say July 31st – but the speculation on Model 3 final release date has to stop.” Musk responded: “News on Sunday.” Musk said recently that Tesla is “definitely” on track to begin Model 3 production in July. Customers will be able to customize their orders for color and wheel size, Musk told shareholders earlier this month.

European plug-in sales:  The European plug-in vehicle market was up 48% in registrations during May, year-over-year, with 20,568 vehicles sold. It was up 21% over April, according to the European Alternative Fuels Observatory. Plug-in hybrids took the lead with 11,494 units sold, with all-electric vehicles at 9,074 units sold. The Renault Zoe finished in first place with about 10% of the share and 2,065 units sold during the month. The Mitsubishi Outlander retained second place, followed by the Nissan Leaf, BMW i3, and the Volkswagen Passat GTE.

Largest utility backing chargers:  The CEO of Europe’s largest utility sees the pace of plug-in vehicle adoption becoming faster than the global auto and energy industries expect. Italian utility Enel SpA chief Francesco Starace said in an interview in Rome that his company will be investing nearly 300 million euros ($341 million) to install about 12,000 recharging spots across Italy. These vehicles will need a larger charging infrastructure. Starace said that electric cars could help stabilize the grid. It will also provide a small revenue stream to users when they’re recharging through a new ‘vehicle to grid’ technology in Italy. Electric cars become large mobile batteries able to interact with the power grid, supporting renewable energy and helping to balance out power flow.

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