Electric Car News Roundup – 17

electric car news

New Electric Car Charger That Emerges From The Pavement Coming Soon 

A British firm, Urban Electric, has designed a retractable public charging point for UK streets. The EV charging point retracts into the pavement when not in use, overcoming the concern over numerous EV charging points impacting pedestrians in an urban environment.   These pop-up chargers will be installed on residential streets and public parking spaces.  

The company has received an investment of £4 million to install up to 18 charging points as ‘demonstration projects’ across the UK. 

urban electric payment electric car charger
Urban Electric Pavement EV Charger (credit: express)

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The continued innovation in charging infrastructure, to not only include core technology improvement, but also the delivery of technology is indeed very positive.  Developing charging solutions that better the experience of potential users can only be a good thing. Though the ‘pop-up’ EV charging station does sound interesting, we will need to be convinced this is a robust long term solution for the deployment of charging infrastructure in densely populated urban areas.  We at e-zoomed shall certainly keep a close watch on the results of the pilot schemes to ascertain user feedback.  

Lithium Industry Buildup Is Outracing The EV Boom

The continued growth in the global electric vehicle sector has resulted in lithium producers to ‘bulk up’ in anticipation of the impending shift of EVs to mainstream transportation.  Lithium, a key ingredient in the success of EVs, is a soft silvery-white metal, which has increased significantly in price.  Lithium is used in EV batteries and with the increased demand of pure-electric cars globally, has seen a marked increase in production.  

lithium mines EV battery
Lithium Mines (credit: Automotive News Europe)

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Participants upstream in the electric vehicle industry value chain are prudent to organise their planning within the context of the impending scaling of the EV sector.  The sector will continue to witness a very dynamic environment in relation to sourcing and manufacturing.  In particular, sourcing for EV battery related materials will be characterised by much greater activity and volatility.  Availability and pricing of EV battery materials , will continue to remain key determinants of the success of the global EV sector.  

Why Leasing An Electric Car May Be Best

According to America based, Consumer Reports, leasing an electric car is the best option for potential electric vehicle buyers.  By leasing a pure electric EV or a plug-in electric vehicle, the consumer can gain from further improvements in EV technology, as lease contracts have limited periods between 2 to 4 years.  Other potential advantages are related to tax credits and depreciation. 

Tesla Electric cars
Tesla Electric Cars (credit: Yahoo News)

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Though this article is for the US market, it is still relevant for the UK.  In general, the trend in car ownership has been skewed towards leasing versus buying outright.  This shift in ownership has been prevalent in the UK market for numerous years, where, up to 80% of cars are leased or acquired through a finance scheme like personal contract purchase (PCP) or personal contract hire (PCH).  

We agree with these observations, in that, it is prudent to lease a car versus buy outright. Electric car technology has already witnessed significant improvements in the recent past and this trend is set to continue.  We recommend using a finance solution for a term up to 48 months.  This way, you can certainly take advantage of the next generation of electric cars at the end of the term.  

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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