Electric Car News Roundup – 34

electric car news

Electric Cars Come Tops In Carwow Distance/Price Test

New research by Carwow has revealed that electric cars win big when it comes to value for money and mileage, as they can take passengers further on just five pounds than rival modes of transport in London. Carwow’s research has revealed that electric power allows you to travel for an average of nearly 50 more miles than the closest competing transport type. 

Credit: Carwow

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It is indeed good to note the recent research conducted by Carwow.  However, this premise of EVs being greater ‘value for money’ is not new.  Industry participants, including we at e-zoomed have written considerably on this topic, to include the cost of recharging an EV battery for £5 vs filling a full tank of fuel in an internal combustion engine, for up to £80.  

But is not just the cost advantage of recharging vs refuelling that positions all-electric cars positively compared to petrol/ diesel cars, but it is also other costs, to include maintenance, servicing, lower taxes etc, where EVs are better placed.   It is now well documented that EVs have far fewer moving parts and therefore less scope for high maintenance costs compared to ICE cars, that have significantly more moving parts.  

Indeed, the argument that battery electric vehicles (BEVs) are far more expensive compared to ICE cars based only on acquisition costs, does not paint a true or complete picture, as this argument fails to take into consideration running and maintenance costs.  Moreover, as the price of EV batteries continue to fall, the cost argument between EVs and ICE cars will only become wider, with EVs leading the charge as the better and cheaper road transportation solution. 

VW Delivers 100,000th E-Golf Before Shift To ID.3

It is not the flashiest vehicle on the market but it sure has been a steady sales machine. The VW E-Golf has sold over six figures worth of units worldwide since it was introduced in 2014. VW announced that it delivered the 100,000 E-Golf at its Glaserne Manufaktur factory in Dresden, Germany this week. This makes it one of the most successful EVs around, along with the Tesla Model S and the Nissan Leaf

VW e-golf
The All-Electric E-Golf (credit: Forbes)

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This is indeed a significant milestone and one that should not go unnoticed.  The global electric vehicle sector is coming of age, as mainstream manufactures announce significant commitments to zero-emission road transportation.  VW is certainly a case in point, an automotive manufacturer that has strategically ‘re-branded’ itself by embracing electric road transportation.  A long way since the days of the 2015 Dieselgate scandal. 

In fact, very recently, the German automotive group further increased its commitment to executing its EV strategy up to EUR 60 billion, a 100% increase from the initial EUR 30 billion.  Though the successful all-electric, e-golf model will be replaced by the new VW electric car ID. Family, history will remember well, the achievement of this significant milestone.  The VW Group intends to sell up to 26 million pure electric cars by 2029 to include:

We at e-zoomed are more than happy to assist you 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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