Electric Car News Roundup – 52

electric car news

Revealed: What Car? Names The Best Electric Cars You Can Buy 

Britain’s best electric and plug-in hybrid cars named in first-ever What Car? Electric Car Awards, in association with myenergi. The awards were launched following a surge in interest in electric cars online and during lockdown. As restrictions eased in early July, 26% of What Car?’s audience said they were more inclined to buy an EV or PHEV as a result of the changed environment they were living in, while interest in the stories outlining the best electric and plug-in hybrid cars on sale today surged, out performing other areas of the website. 

WHAT CAR? Electric Car Awards (credit: WHAT CAR?)

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We are certainly not surprised with the surge of interest in online activity for electric cars.  We at e-zoomed have experienced a steady and robust increase in interest from consumers keen on electric driving. It is also clear that the consumers have an interest beyond research and the intent to buy a battery-electric vehicle (BEV) is very real and immediate. A glance at the latest data from the SMMT makes it amply evident. While petrol and diesel internal combustion engine (ICE) new car registrations are down 46.5% and 60.9% respectively, pure electric cars have increased an astounding 174.6%. Consumers are seeking mobility solutions that are cleaner for our environment. The What Car? list of electric cars is certainly interesting. However, we would encourage buying an all-electric car (BEV) instead of a plug-in hybrid vehicle (PHEV).  We would also encourage acquiring a smaller vehicle than a larger vehicle. In general, smaller vehicles have a smaller environmental footprint. 

EV Leasing Could Be The Key To Greater Uptake, Says Auto Trader 

A survey of 2,025 UK drivers conducted by Auto Trader, reveals that 70% of UK motorists would be interested in leasing an electric vehicle for a two to three year prolonged test-drive, getting to grips with the features and technology before committing to buying one outright. Although 73% of respondents said they would consider purchasing an electric vehicle within the next four years, 40% of these admit they still have reservations about the capabilities of buying an EV. 

VW Electric ID3
The All-Electric Volkswagen ID.3 (credit: Volkswagen)

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Outright ownership of cars is a ‘purchase model’ of the past. In the UK, and many other parts of the world, vehicles are acquired via a lease. A lease offers many advantages when buying a new car, and given the manner in which EV technology is fast evolving, a lease is very well suited. A lease is perfect for an individual or family that is keen to use a car for a few years and then upgrade to the latest available model. In the world of zero tailpipe emission electric cars, we can expect significant increase in EV battery range and performance. We can also expect to see a continued decrease in price, as OEMs aim to make EVs more affordable, as a result of economies of scale. It is therefore, not surprising that individuals would be encouraged to migrate to green cars via a personal or business lease. We note the comment in the article in regards to range anxiety. In our view, range anxiety is much less an issue now, given that the latest BEV models have a range (WLTP) between 150 miles to 300 miles. 

Number Of Public Rapid EV Chargers Up 363% In Five Years 

The number of publicly accessible electric vehicle rapid chargers in the UK has risen 363 per cent in the last five years, according to fresh official figures. Data released by the Department of Transport in conjunction with Zap-Map reveals that as of July 2020, there are 3,206 public rapid chargers across the country. The total number of public EV chargers, meanwhile, has been on the rise – up 11 per cent in the year-to-date to 18,265. 

Rapid EV Chargers UK
Rapid EV Chargers UK (credit: Auto Express)

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This is good to note, as easy access to a comprehensive and robust network of rapid chargers is key in the migration from internal combustion engine (ICE) vehicles to electric vehicles (EVs). The key question to assess here is the total number of rapid charger that will be required (and its distribution) when the UK ban on diesel and petrol vehicles comes into effect (2030/2032). The Department of Transport needs to publish a detailed roadmap and milestones that need to be achieved in regards to charging infrastructure in the UK. 

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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