Electric Car News Roundup – 12

electric car news

Huge New Electric Car Driving Law Coming Next – Month – Here’s What Is Changing 

One of the many advantages of electric vehicles is the reduced noise, in particular, inside the cabin. However, one of the concerns raised as a result of the significant reduction in noise levels, is the increased risk for pedestrians and cyclists.

As of 1stJuly 2019, a new law that will make it mandatory for new electric and hybrid cars to be equipped with an external sound generator.  The EU-mandated system is called Acoustic Vehicle Alert System (AVAS). The noise level must be a minimum of 56dB but no more than 75db. 


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Any law that can increase road safety is always welcome.  In particular, any steps to increase the safety of road users, such as, cyclists and pedestrians is applauded.    


BMW Accelerates Rollout Of Electric Cars To Catch Up With Rivals 

BMW Vision iNext Electric Sport Utility Vehicle
BMW Vision iNext Electric Sport Utility Vehicle (credit: FT)

In a bid to catch up in the fast developing electric vehicle industry landscape, BMW AG has announced its intention to introduce up to 25, pure electric (BEV) or plug-in hybrid (PHEV) models by 2023.  The company has hastened its timeline by two years earlier than previously announced.  

The ubiquitous BMWi3 helped the automotive behemoth gain an early advantage in the electric vehicle sector.  However, with the introduction of significantly more models by its competitors, the German automotive giant has fallen behind and has been forced to increase the pace of EV introductions.  


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BMW is not the first, nor will it be the last mainstream automotive manufacturer forced to alter its timelines as competition for leadership in the EV sector gathers momentum.  We have witnessed the likes of global leaders like Ford Motor Co announce large-scale investment in the sector. Even then, it will require significant effort to gain market leadership.  A large balance sheet, though a pre-requisite for success in such an industry, is not the only skill-set for success. Rapid innovation and introductions of newer models with longer ranges and lower costs will be imperative to gain success.  Most traditional automotive manufacturers are ill-prepared for the impending revolution of electric road transportation.  


An Electric Ford Mustang On A New ‘60s-Style Body Shell Will Debut At Goodwood Festival 

Ford Mustang Electric Car
Ford Mustang Electric Car (credit: Charge Automotive)

British startup,  Charge Automotive has announced its intention to roll-out a Ford Mustang EV at the Goodwood Festival of Speed 2019.  The company is based in London, with an experienced team in the development of luxury and high performance cars. 

The EV start at £300,000, with 499 electric Mustangs available for reservations.  Battery capacity is 64 kWh with a 200 mile range.   


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Always fascinating to see the blending of the ‘old’ with the ‘new’.  Interestingly, contrary to consumer expectations, an electric car is, in fact older technology than the original Ford Mustang.  Electric cars were first introduced in the 19th century, more than a 100 years before the Ford Mustang. 

The £300,000 is a price tag in the reach of only a few.  However, that does not stop us dreaming about it! 


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Author

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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