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.
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.
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.
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.
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.
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 in a good position to find you a competitive financing solution for your electric vehicle. Just follow this link.