Electric Car News Roundup – 4

electric car news

Factcheck: How electric vehicles help to tackle climate change

Tesla factory. Electric cars have a positive impact on the environment.  Reduce pollution and help reduce climate change
Tesla Factory (Credit: Carbon Brief)

As is the case with any industry threatened by significant change, incumbents will find ways to slow or halt the inevitable process of change.  The automotive industry is no different, with a number of existing stakeholders, that are not supportive of the transition to electric transportation, suggesting that EVs have limited to zero positive impact on lowering emissions. No one argues the fact, that the tailpipe emission from an EV is zero, which of course is not the case for polluting petrol or diesel vehicles.  The debate largely surrounds two key issues.  The first, the carbon footprint from manufacturing an EV and the second, the carbon footprint from electricity used to charge an electric car.  Though the subject matter is complex, it is fair to say that, as countries around the world migrate to renewables, the dependence of fossil fuel generation will continue to decline.  This is already the case in a number of developed countries where the majority of electricity generation is clean or green energy.  As recently as last week, the UK went an entire week without using coal generation, a first since the industrial revolution.    Therefore EVs would certainly continue to achieve a lower carbon footprint through the process of manufacturing and charging.  We at e-zoomed encourage the use of green energy for charging your EV. Why not get a competitive quote from us here!   


James Dyson: Government has ‘watered down’ its commitment to electric cars 

inventor james dyson concerned UK government is not taking his advice to bring forward the ban on petrol and diesel cars
Inventor James Dyson (Credit: I News)

James Dyson, the British inventor, known for the household high-design vacuum cleaners, associated with his company, Dyson Limited has slammed the UK government for not taking his advice to ban petrol and diesel vehicles a decade earlier by 2030.    Though Dyson’s entry into the EV market has been relatively recent, his ambitions certainly match those of his competitors. Dyson pledged £2.5 billion to back his electric car project in September 2017. Since then, the technology entrepreneur has announced building the manufacturing hub in Singapore, given the access to fast growing Asian economies. The plant is expected to be completed in 2020 with the electric car launched in 2021. 


New Hyundai Kona Electric 2019 updates revealed.  Car gets new tech, charging and interior 

New Hyundai Kona Electric 2019 updates
Hyundai Kona Electric Car (Credit: Autocar)

Hyundai continues its push into the EV market and it should not be underestimated.  Hyundai is now a household name in the UK, which is a significant achievement, given the company first forayed into the UK market as recently as 1982.  The company is strong across a number of segments in the UK automotive market.  The Kona is the manufacturer’s second electric vehicle, with a 292 miles WLTP range. Autocar gives the model 4 stars and describes it as the most compelling blend of usability and affordability.



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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