Electric Car News Roundup – 1

electric car news

RAC develop ‘EV Boost’ a mobile electric charger to recharge car that run out of battery 

RAC EV breakdown boost service
RAC EV Breakdown Boost Service (Credit: Express)

RAC’s introduction of a mobile ‘EV Boost’ service, is a positive step in alleviating the ‘range anxiety’ concern of potential EV drivers.  The introduction of a novel service like ‘EV Boost’ is a recognition by industry players of the growth and importance of electric vehicles in the UK.  We expect many similar services to be introduced for EV drivers.  The EV Boost service is expected to be on the roads from June 2019, initially being rolled out in London, Birmingham and Manchester.  We recommend always charging your EV before setting out on a journey.  

Unspent air pollution money should fund 97,000 electric car charging points 

air pollution and the introduction of ULEZ
Air Pollution: The Introduction of ULEZ (Credit: Evening Standard)

Air quality continues to dominate recent headlines to include the recent introduction of the Ultra Low Emission Zone (ULEZ) in London.  It is therefore not surprising that a clean air campaign has criticised the Department for Transport and Highways England for their failure to tackle this pressing issue.  The department has so far spent less than 3% of the £100 million fund over the past 4 years. The campaign group UK 100 recommends the funds are utilised for 97,000 new EV charging points for electric vehicles. 

Tesla Model 3 EV configurator launches as UK order books open 

Tesla Model 3 order book
Tesla Model 3 Launched (Credit: AMonline)

Bookings for the much awaited Tesla Model 3 have now opened with Tesla launching the online configurator.  The Standard Range Plus starts at £38,050 with the Performance Range priced at £56,050. The Standard Range Plus has an estimated WLTP of 258 miles, while the Model 3 Performance has a 329 miles WLTP range. 

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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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