Electric Car News Roundup -18

electric car news

UK All-Electric Car Market Surges By 158% In July 2019 

The latest car registration figures in the UK demonstrate the continuing surge in sales of all-electric or battery electric vehicles (BEVs). Despite a downward trend in the broader UK car market (down 4.1%), BEVs have increased by an impressive 158%.  

Diesel continues its downward slide, further dropping by 22.1%.  PHEVs (plug-in hybrid electric vehicles) also witnessed a downward trend. However traditional hybrid electric vehicles (HEVs) showed significant upward momentum, gaining 34.2%.  

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Given the ongoing ambiguity regarding Brexit and the increased potential of a ‘no-deal’ Brexit, we expect the UK new car registration market to continue to remain under pressure.  In fact, we do not expect any improvement in trading conditions in the UK automotive sector for the next 12 months.  We also expect the continued collapse of diesel sales to continue unabated, as consumers migrate towards ultra low emission transportation.  

The drop in PHEV sales is not surprising. PHEVs have always been ‘at best’ a stepping stone from traditional internal combustion engines to lower emission driving. However, with the significant increase in the range of pure electric cars (BEVs),  consumers are migrating directly from petrol/ diesel cars to zero-emission driving i.e. bypassing plug-in hybrids.  Moreover, the removal of the UK government PiCG grant for PHEVs, has also contributed to the decline in sales.  

The decline of diesel car sales and PHEVs bode well for the UK market, as consumers seek either to replace their polluting traditional diesel and petrol cars with lower emission vehicles, like traditional hybrid vehicles (HEVs), or move directly to zero-emission vehicles.  This momentum will continue to gain traction. It is only a matter of time before internal combustion engines are completely phased out in favour of environmentally friendly zero-emission driving.  

Five Ways Formula-E Will Change Electric Cars 

Though the electric cars competing in the ABB Formula E championship have ‘winning’ as a core objective, the broader benefits from the electric vehicle racing can have a significant positive impact in the improvement of ‘everyday EV cars’.  

This is not the first time, nor will it be the last time, that innovation and technology from motor racing has found its way into passenger cars.  Look no further than the history of Enzo Ferrari and Ferrari road cars.

Potential areas that will benefit from Formula-E racing include:

  • Longer range 
  • Faster charging 
  • Increased reliability 
  • Improved safety 
  • Better image 
Formula e electric car races
Electric Cars

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We certainly agree with this view and do believe that the ‘positive impact’ from competitive innovation, technical performance improvement and branding, will have far-reaching consequences for the nascent electric vehicles sector.  Moreover, the objectives of the ABB Formula-E organisers to specifically improve performance for the benefit of a ‘wider’ improvement to EV manufacturing will further increase its contribution to the electric car industry.   

The Electric Vehicle Cannonball Run Record Was Broken Twice In One Month 

The US record for the fastest travel cross-country in an electric car was broken by a Swiss family in July 2019.  The family used a Tesla Model 3 to complete the New York-to-California journey in 48 hours and 10 minutes.  

Cross country cannonball run in a tesla model 3 from new york to california
Tesla Model 3: Cannonball Run (credit: The Verge)

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Wow!  This is an excellent example of the continued increase in ‘range performance’ of  electric cars, coupled with expanding public charging infrastructure.  We at e-zoomed have been quite consistent with our views on ‘range anxiety’ i.e. though a valid concern, it has been blown out of proportion.   Electric cars are now suitable for most driving needs, even those with a thirst for long distance driving holidays!   

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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