Electric Car News Roundup – 47

electric car news

Electric Car Emissions Myth ‘Busted’ 


Fears that electric cars could actually increase carbon emissions are a damaging myth, new research shows. Media reports have questioned if electric cars are actually “greener” once emissions from manufacturer and electricity generation are counted.  The research concludes that in most places electric cars produce fewer emissions overall – even if generation still involves fossil fuels. 

audi e tron electric SUV
The All-Electric Audi e-Tron SUV

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One cannot over exaggerate the importance of this research.  Proponents of internal combustion engine (ICE) have fought fiercely to discredit the environmental credentials of zero-emission electric driving.  In particular, they have tried to argue that the environmental footprint of the EV supply chain, to include battery sourcing and eventual disposal, positions EVs worse than petrol and diesel cars.  

The study conducted by three well renowned institutions, to include, the University of Cambridge, University of Exeter and the University of Nijmegen (Netherlands), finally dispels the false propaganda that internal combustion engine vehicles have better environmental credentials compared to battery-electric vehicles (BEVs).  In fact, the study concluded that “In 95% of the world, driving an electric car is better for the climate than a petrol car.”  

Moreover, in countries that have greater amounts of renewable energy generation capacity, to include solar and wind energy, the disparity between EV and ICE environmental credentials further widens, with EV performing significantly higher in terms of positive environmental impact. According to the study, emissions from green cars are up to 70% lower compared to petrol cars, given the significant clean energy generation capacity in these countries.  In our view, this study could not have come any sooner, as we need to progress rapidly from a world dominated by tailpipe emissions to a world dominated by emission-free electric cars.  It is also worth reinforcing the point that as we move in the UK to greater generation of clean and renewable energy, the more comprehensive will be the positive impact of the mass-scale transition to zero emission driving.  Hence, why we at e-zoomed keep urging households to switch from dirty energy to clean energy.  You can do it easily via e-zoomed.  Simply follow this link and switch with Ecotricity


Electric Cars Can Transport Britain To A Greener Future 


As the UK lockdown begins, now is a chance to pause, to take a step back, and consider how our world moves forward when the Covid-19 crisis is over. Right now, we are all staying at home, but when we can travel once again, what does the future of transportation look like? 

renault zoe electric car
The All-Electric Renault Zoe

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In our view, we need to fundamentally change our relationship with mobility from ownership to sharing, and of course, from tailpipe emissions to zero-emissions.  In urban centres like London, the government and private sector needs to work more proactively in finding mobility solutions that can enable individuals and households to migrate from ownership to sharing, in a convenient and price accessible format.  We also need to improve the availability, pricing and technology for public transportation.  We need to make public transportation cost effective for the individual and household, and migrate public transportation to emission-free transportation.  We also need to legislate further the sourcing of energy for charging EVs.  We need to make it mandatory for EVs (public and private) to only be charged by green electricity. Bottom-line, we need to take a radical approach and rethink to the future of mobility.  Not small iterative steps.  We need to leap! 


Manufacturers Are Struggling To Supply Electric Vehicles With Batteries 


Lithium-ion batteries are an essential part of our everyday lives: they power our phones, laptops, tablets, and electric vehicles (EVs). Demand for lithium in the form of lithium carbonate and lithium hydroxide – key ingredients in these batteries – are rising rapidly: up almost 20% in 2019. Prices doubled between 2016 and 2018 in anticipation of increased demand brought on by the EV revolution.  

audi e tron
Audi e-Tron EV Battery (credit: Forbes)

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Yes, we agree, in that, the supply chain for the EV industry will be impacted by the ongoing coronavirus crisis. However, this is not isolated to electric cars and batteries.  Supply chains across internal combustion engine (ICE) platforms and other industries will also be significantly and materially impacted.  In regards to EVs, we expect significant delays in deliveries as OEMs find solutions to adapt to the current conditions.  We should also say that the current challenging predicament gives the EV industry (and other industries) an opportunity to re-evaluate and further improve and strengthen, their respective supply chains.  So bottom-line, there is some positive outcome from such tragedy! 


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Author

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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