Electric Car News Roundup – 26

electric car news

Electric Vehicles To Become Norm In The UK By 2030

According to a recent study by the U.K. government funded, Go Ultra Low, EVs are in the process of being normalised, such that, by next decade, the term ‘electric’ will not be used to describe an electric car.  Consumers will simply refer to it as a car. The study was conducted with 2,000 adults in the U.K.  33% suggested that seeing family and friends drive zero-emission electric cars would help accelerate the process of adoption.  

electric vehicles
Electric Vehicles (credit: Consultancy.uk)

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The results of the study, though insightful, are not surprising.  Look no further than the mobile phone industry.  ‘Smartphone’ has now become normalised to such an extent, that if one has to refer to a phone that it not ‘smart’, one has to categorically mention it.  

The electric vehicle industry will also follow a similar path.  In fact, our view is that the ‘normalisation’ process of electric cars will be much faster than predicted by the study.  We believe that in the not so distant future internal combustion engine (ICE) petrol and diesel cars will be simple referred to as ‘dirty cars’.  

Moreover, the current complex landscape of different types of electric vehicles to include, traditional hybrids electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) will also rationalise.  We expect all electric vehicles to be battery electric vehicles i.e. 100% pure electric vehicles.   We all will breathe a sigh of relief, once these challenging acronyms are permanently deleted from our EV vocabulary! 

Seat el-Born Electric Car 2020: Spy Shots, Plus Specs And Release

SEAT S.A. the Spanish automotive manufacturer owned by Volkswagen, is expected to launch an affordable electric car. The EV which was unveiled at the 2019 Geneva Motor Show is based on the same production platform as the VW ID.3 all-electric vehicle. The el-Born will have a 62 kWh battery with an expected range of up to 261 miles (WLTP).  The pure electric car is expected to be launched in 2020. 

SEAT el-Born electric car
SEAT el-Born (credit: SEAT)

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Volkswagen continues to ‘flex its muscles’ to attain leadership in the rapidly evolving EV industry.  The Germany headquartered Group has already made its intentions clear in regards to all-electric zero emission vehicles. VW is committing a staggering EUR 30 billion by 2023 to realise its ambitions.  In fact, it aim to sell up to 3 million electric vehicles by 2025.  It is true, many a times, from the ashes of failure, rise the flames of success.  VW is rising with meteoric trajectory from the ashes of the ‘dieselgate’ scandal.  We are hugely excited and supportive of VW’s vision and impending leadership in zero-emission road transportation

The U.S. Gets Its First Electric-Only Gas Station

The first EV only ‘gas’ station has been launched in the U.S. The electric vehicle charging station is on the border between Maryland and Washington D.C.. The charging forecourt will allow up to 4 electric vehicles to charge simultaneously, achieving up to 80% battery charge within 30 minutes. 

electric vehicle charging station
Electric Vehicle Charging Station (credit: Popular Mechanics)

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Firstly, a huge applause for this entrepreneur for having the vision and courage to achieve this milestone.  Having said that, the U.K. opened its first ‘electric vehicle only’ forecourt earlier this year.  Expect to see many more such ‘EV only’ charging forecourts open on both sides of the Atlantic ocean.

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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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