Electric Car News Roundup – 50

electric car news

Electric Cars Do 26% More Miles A Year Than Petrol-Engine Rivals   

Electric cars clock up more miles than petrol models, countering claims that they are environmentally friends “trophy vehicles”, research has revealed. A study published today has found that drivers of pure-battery powered cars travelled an average of 9,435 miles a year, which was almost 26 per cent higher than the distance covered by petrol vehicles. 

tesla electric car
Tesla Electric Cars (credit: The Times)

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One cannot overestimate the conclusions of this study.  Proponents of internal combustion engine (ICE) vehicles have argued that electric vehicles, in particular, zero-emission battery-electric vehicles (BEVs) are impractical vehicles, due to limited electric driving range.  They have worked hard to fuel ‘range anxiety’ among potential buyers.  However, we at e-zoomed have been vocal in our rebuttal and have been highlighting the significant increase in the emission free range for pure electric cars, to include the Tesla Model 3 and the Tesla Model S.  The latest line-up of pure green cars can meet the needs of most households, to include, for work and leisure.  Range anxiety is a thing of the past!

Oil Slump Will Not Pull Plug On Electric Vehicle Sales    

Oil’s precipitous decline has sparked the usual arguments about the commercial viability of renewable and low-carbon technologies. The debate highlights some common misunderstandings about what is driving the transition to cleaner energy. Foremost among them is the notion that changes in fossil fuel prices are a major influencer on the energy mix. They are not. 

Deirdre Cooper of Ninety One Asset Management
Deirdre Cooper of Ninety One Asset Management (credit: Investment Week)

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We at e-zoomed certainly echo the sentiments in this article, but we will go a step further.  In our view, the fundamental reason the renewable energy industry and electric vehicle sector is now mainstream, apart from all the obvious points raised, is the underlying fundamental shift in consumer behaviour.  Consumers today are making buying decisions based on the environmental impact of the purchase.  Consumers are not willing to sacrifice the future of the planet or the quality of our existence by buying products and services that do not have the ‘environment’ at the core of the DNA i.e. a mitigated impact on the environment.  It is for this very reason, that the correlation between oil prices and the adoption of green cars is so weak.  The reason consumers are buying zero-emission battery-electric vehicles (BEVs), is because these vehicles have a far lower negative carbon impact.  Moreover, pure electric cars also help reduce noise pollution.   Consumers are fast orphaning diesel and petrol vehicles, and this is very evident in the monthly new car registration data published by the SMMT

Electric Cars Fight Off Coronavirus Attack In Europe As Regular Auto Sales Tank 

Battery-electric car sales in Europe are holding up well, even as regular internal combustion engine (ICE) demand crashes around them, but forecasters are scaling back much stronger pre-coronavirus predictions. Projections may yet take a hit if the year’s most important battery electric vehicle (BEV) launch – Volkswagen’s designed-from-the-ground-up to be electric ID.3 – is delayed beyond its summer debut date. Delays in software development had threatened that launch, but VW said it still expects an August start to sales. 

Electric Vehicle Charging
Electric Vehicle Charging (credit: Forbes)

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There is no doubt that production volumes across the automotive sector will be significantly affected, to include production volumes of emission-free electric vehicles.  However, in our view, lower production volumes for all technology types, to include internal combustion engine (ICE) vehicles and EVs, is good for the long-term.  We at e-zoomed advocate reducing current vehicles on our roads by 50%.  Put another way, the UK currently has 40 million vehicles, and we believe we should target reducing to 20 million vehicles.  We need to increase utilization rates of vehicles and gain greater efficiencies, such that overall environmental impact is significantly reduced. 

We at e-zoomed are more than happy to assist you buying your Next Green Car and with all your EV needs, to include:

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Ashvin Suri

Ashvin has been involved with the renewables, energy efficiency and infrastructure sectors since 2006. He is passionate about the transition to a low-carbon economy and electric transportation. Ashvin commenced his career in 1994, working with US investment banks in New York. Post his MBA from the London Business School (1996-1998), he continued to work in investment banking at Flemings (London) and JPMorgan (London). His roles included corporate finance advisory, M&A and capital raising. He has been involved across diverse industry sectors, to include engineering, aerospace, oil & gas, airports and automotive across Asia and Europe. In 2010, he co-founded a solar development platform, for large scale ground and roof solar projects to include the UK, Italy, Germany and France. He has also advised on various renewable energy (wind and solar) utility scale projects working with global institutional investors and independent power producers (IPP’s) in the renewable energy sector. He has also advised in key international markets like India, to include advising the TVS Group, a multi-billion dollar industrial and automotive group in India. Ashvin has also advised Indian Energy, an IPP backed by Guggenheim (a US$ 165 billion fund). He has also advised AMIH, a US$ 2 billion, Singapore based group. Ashvin has also worked in the real estate and infrastructure sector, to including working with the Matrix Group (a US$ 4 billion property group in the UK) to launch one of the first few institutional real estate funds for the Indian real estate market. The fund was successfully launched with significant institutional support from the UK/ European markets. He has also advised on water infrastructure, to include advising a Swedish clean technology company in the water sector. He is also a member of the Forbury Investment Network advisory committee. He has also been involved with a number of early stage ventures.

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