I have read that new changes to laws introduced last month, gave more eco points for plugins and hybrids, in this scheme where 10% is required in 2019 but possible to offset with points... do you know more info?
I have now read about Quin and it is supposed to be 5.9s to 100kmh? But yes, you can configure it so you get more power output from battery and it will be very fast. New LS500h has upped battery output by 50%, now to 60hp... so every time you press gas, 60hp extra is available right away, like in super turbo. It is limited by battery size, so plugin with bigger battery can have much bigger output and yeah, it could feel like crazy.
Toyota is usually conservative with battery output, some of it is due to nimh and some due to them being conservative - Prius has much smaller output, if it had 60hp batter out, it would feel like 1.5l turbo or faster.
HEVs won't get eco points directly since they are considered to be the same as gas-only vehicles. They do get points for being under the 5L/100km line. PHEVs and BEVs get points based on their EV range. Toyota can afford to not build a single BEV and meet its eco point obligations with HEVs and PHEVs only. That is, if they can convert all their gas-only cars to HEVs. This is also the reason why they are introducing a full hybrid line-up in 2018 to get ready for the 2019 regulation. China is probably the first market where Toyota goes all hybrid. The Corolla/Levin proved the feasibility and now they have the confidence to make the move.
The new policy is meant to benefit local manufacturers more because they produce lots of NEVs/LSVs that could easily get the required points. NEVs and LSVs are quite common in small towns/countryside because there are no roads on which to travel quickly and a tiny battery/motor combo will do the job.
The biggest losers are international players who are ill-prepared and have a huge production volume, i.e. VW and GM. They need A LOT of eco points but cannot get nearly as many BEVs ready in time. They will almost definitely bite the bullet and get penalised. Toyota and Honda are relatively small in China, but they also have the best hybrid technologies so the penalty (if any) they take will be much less damaging. This presents a valuable opportunity for them.
Policies in China always favor PHEVs with oversized batteries that are also extremely powerful. An interesting side effect is the rise of so-called 'electric muscle cars', namely family sedans/SUVs with large amounts of power and insane amounts of torque. A crazier version of the Qin is the Tang, a mid-size SUV with over 500hp and over 600 lb-ft of torque at less than $40k. Chinese drivers have access to very fast vehicles at a very low cost, not that different from the pony car era in the U.S. Even the ridiculous wheelspin feel similar: these cars are heavily traction limited, so some aftermarket performance tyres could make them match sports cars easily. The police love them as well because there's more income from speed camera fines (LOL).
Now I can feel the Americans drooling over these straight line monsters. Yeah you can always go for the 2.3s P100D but at over $100k.
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