Electric Car News Roundup – 29

electric car news

Introduction Of Green Number Plates For Ultra Low Emission Vehicles 

The U.K. government has announced a proposal for introducing green number plates for ultra low emission vehicles (ULEVs).  The consultation closes on 14th January 2020.  Salient points include:

  • Provide a UK-wide mechanism enabling people to spot and differentiate vehicles based on their environmental impact 
  • Help inform road-users and normalise the idea of clean vehicles on our roads, encouraging a shift to cleaner vehicles 
  • Help local authorities identify ULEVs and bring in local incentives for electric vehicles 
Consultation On The Introduction Of Green Number Plates (credit: DoT)

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We applaud the U.K. government for introducing the proposal.  In fact, other countries in the world have already implemented a similar proposal.  Ontario, Canada is a case in point.  

The government is correct in their assertion that the ‘green number plates’ will increase the profile of zero-emission road transportation in the U.K. and also ‘enable’ the execution of incentive schemes for ultra low emission vehicles (ULEVs).  

The ‘normalisation’ of electric vehicles on U.K. roads has already commenced.  In fact, EVs are now a very familiar sight across the U.K.  As an example, London, is fast populating its roads with battery electric vehicles (BEVs) to include the introduction of electric ‘black cabs’.   

The proposed scheme is not limited to battery electric vehicles, but also includes hydrogen fuel cell electric vehicles.  In fact, at the current rate of rapid adoption of EVs, it will only be a matter of time that green number plates will become the majority on U.K roads.

Have no doubt, in that, green plates will rule U.K. roads.  

In our view, it is only a matter of time, that U.K. roads are filled with zero-emission all-electric vehicles with green plates.  This can only mean one thing:  air pollution is reduced!

Diseases as a direct result of air pollution, in particular, in relation to children who are most vulnerable, is at an all-time high. Even our parks, meant to be destinations for ‘fresh and clean air’, have been destroyed by the significant high levels of pollution due to internal combustion engines (ICE).  

The only way forward is a greener future! 

Tesla Model 3 Wins Handsomely At the Parkers New Car Awards 2020 

Winning more categories than any single model previously, the Parkers 2020 Car of the Year is also the Parkers Electric Car of the Year and Company Car of the Year, and it takes the Best Safety Award for the most complete implementation of driver assistance available in the U.K. 

Tesla Model 3
The All-Electric Tesla Model 3

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The success of the Tesla Model 3 continues unabated.  

The key point here is that all-electric cars, like the Jaguar I-PACE and Tesla Model 3 are not just winning prestigious awards in the ‘electric car’ category, but are winning significant accolades in mainstream automotive categories.  

The headlines are certainly the prestigious accolades, but the underlying fundamental trend is really noteworthy.  All-electric cars are now fast approaching ‘normalisation’ in the automotive industry, not only in the U.K. but globally.  Stakeholders across the industry do not view EVs as a ‘niche road  transportation solution’, but in fact, are acknowledging that electric cars have become mainstream. 

It is also worth noting that the total number of electric models available are still a small percentage of internal combustion engine (ICE) models. But yet, even with this significant imbalance, battery electric vehicles are clinching all the awards. 

In our view, this is only the beginning of the trend, and as OEMs continue to unveil and deliver new electric vehicles, the EV awards will only increase!

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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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