Electric Car News Roundup – 32

electric car news

An Electric Or Hybrid Vehicle Is A Better Choice Than A Petrol Or Diesel Car For 34 Million Britons Based On How Far And Often They Drive, Fuel Calculator Claims

Millions of Britons are missing out on saving money and reducing their carbon footprint by not making the switch to an electric vehicle sooner, a new report claims. 

More than four in five new car buyers in the UK could benefit from an electric, hybrid or plug-in hybrid model as their lone vehicle without having to compromise their daily routine, according to research by What Car?

Tesla electric car
Tesla Electric Car

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The penny is finally dropping!  Though the environmental benefit of electric vehicles or ultra-low-emission vehicles (ULEVs) are well understood, to a large extent the financial benefits are not fully appreciated by consumers.  

Issues like ‘range anxiety’ have created fear in potential buyers, resulting in apprehension to switch over to eco- friendly green cars.  However, consumers are now beginning to grasp, that apart from the very positive environmental credentials of plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), the other fantastic attributes of EVs are lower running costs per mile, low cost of recharging and lower maintenance costs.  

Battery electric vehicles or all-electric cars have far fewer moving parts and therefore the cost of maintenance of the electric vehicle over its life cycle is substantially lower than internal combustion engine (ICE) vehicles. Moreover, filling a full tank of fuel may cost as much as £90, while recharging a battery 100% a fraction of that at £5! Of course, with EVs you also have the added convenience of recharging at home overnight i.e. no need to constantly go to petrol pumps for refuelling. 

Nothing in the report comes as a surprise to us as e-zoomed.  We have been echoing the same themes numerous times.  Certainly read up on our other articles in the Electric Living Blog!  

2020 Ford Mustang Mach-E: Price, Power, Electric Range, Pics And Launch Date 

It may have adopted the name of Americas’s classic muscle car but the Ford Mustang Mach-E ushers in a whole new era for the Blue Oval.  

The Ford Mustang Mach-E marks a huge departure for the quintessential muscle car name.  It’s not only the first time the pony car has come with pure-electric power but also the first time its legendary badge has adorned the boot lid of an SUV. 

Ford electric Mustang Mach e SUV
The All-Electric Ford Mustang Mach-e SUV (credit: Ford)

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It’s never too late’ is an apt way to express the launch of the all-electric SUV by Ford Motor Company.  In fact, Ford was already in the midst of developing an electric car a few years ago to meet the more stringent demands of ‘emission compliance’ when it was stopped by the CEO, James Hackett.  He had good reason.  The EV under development was not ‘compelling’.  In hindsight he was spot on in his assessment. 

Tesla Inc. has clearly demonstrated that buyers of electric cars want many of the same things that buyers of internal combustion engine cars desire i.e. good looks, style, great performance and accessible pricing.  The Tesla Model 3 is a good example of an ‘aspirational purchase’ within reach.  The position of the Ford Mustang Mach-e, is in a way no different.  It has carefully orchestrated its resources to launch a car that certainly meets the key demands of EV buyers.  

So indeed, it is never too late to correct a wrong, go back to the drawing board and start afresh.  Well done Ford, we applaud your courage and judgment.  Read more about the all-electric Ford Mustang Mach-e SUV by following this link

Electric-Car Onset Leaves Lubricant Industry Facing Kodak’s Fate  

The $146 billion lubricants industry is at risk of suffering the same fate as Kodak, thanks to the rise of electric vehicles

From Volkswagen AG to Nissan Motor Co., carmakers are switching to battery-powered models that use fewer greases than combustion vehicles. With demand expected to decline from 2025, lubricant makers are wary of Eastman Kodak’s demise when it failed to grasp the potential of the digital camera in the 19070’s. 

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The writing is on the wall’ best describes the predicament faced by many suppliers to internal combustion engine (ICE) platforms.  It is amply clear that with the inevitable demise of diesel and petrol cars, a number of companies in the value chain will also be significantly challenged.  We expect a number of such companies to scale down or disappear.  Repositioning to participate and serve the fast growing lower emission road transportation sector is their best chance of survival.  We believe these companies need to act today or it will be simply to late. 

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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