Electric Car News Roundup – 6

electric car news

Vandals Shut Down UK Electric Car Sharing Program Within Months 

public electric car sharing scheme Birmingham
Electric Car Sharing Scheme (Credit: electrek)

Sadly, there has been a strong correlation between public sharing schemes and vandalism.  Bike and scooter sharing programs have witnessed significant disruption as a result of vandalism.  However, this is not restricted to two wheelers. Car clubs have also been targeted to include e-car clubs.  A promising electric car sharing scheme near Birmingham, has now been shut down, due to the damage suffered as a result of vandalism.  The pilot program was launched in 2018 with the Renault Zoe EV.  e-zoomed is a strong supporter for all types of transportation sharing schemes that reduce congestion.  However, we also strongly advocate for EV sharing schemes, to include e-scooter, e-bikes and electric cars.  Such schemes not only alleviate congestion but also help  reduce pollution, as electric cars are zero emission.  Local authorities (to include the police) must work in close partnership with companies that aim to launch sharing schemes, such that vandalism is contained or eliminated.  The closure of the above sharing scheme is a loss for the local community. 

Vauxhall Launches Its First Electric Car, The Corsa-e

Vauxhall launches its first electric car the Corsa-e
Vauxhall Electric Car Corsa-e (Credit: Vauxhall)

Vauxhall, becomes the latest automotive manufacturer to unveil an EV, as the race for the electric car market intensifies.  Though the UK automotive company has been late to enter the race, its Corsa-e has not failed to make a strong first impression.  The pure electric (BEV) comes with a 50kWh battery, with a range of 205 miles.  The range can be further extended by 40%, by driving in eco mode.  The electric car comes in three driving modes to include, normal, eco and sport modes, delivering up to 136hp and 260Nm of torque. The EV is also capable of rapid charging with an 80% charge achieved in 30 minutes.  The Corsa-e is the electric version of the very popular Corsa car, which has sold over two million in the UK since its launch in 1993.  So far, Vauxhall is yet to disclose the pricing, however, this model is expected to go on sale early 2020.

I Drive In The Bus Lane

Electric car driver driving in the bus lane
EV Driver (Credit: BBC)

Norway’s rapid rise to EV leadership has been possible because of the attractive incentives offered to electric car drivers in the country.  These include, grants to reduce the cost of purchase, lower taxes, discount on toll roads etc.  The UK government has also followed suit with attractive grants and discounts to promote the adoption of electric cars.  The UK government offers a plug-in grant of £3,500 towards the purchase of electric cars.  Other benefits of driving electric include, no congestion charge in London, lower parking fees and zero vehicle excise duty.  e-zoomed believes, it is only a matter of time for the UK to become a leading EV market. 

We at e-zoomed are more than happy to assist you with all your EV needs to include:

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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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