Electric Car News Roundup – 10

electric car news

Britain Has A Net Zero Emissions Target For 2050, But What Are The Best Electric Cars To Buy NOW? Real-World Ranges Of The Latest Vehicles Revealed 

Hyundai IONIQ Hatch 5Dr hybrid
Hyundai IONIQ Hatch

Britain’s commitment to a low-carbon economy continues to remain strong. The government announced earlier this week that greenhouse gas emissions in the UK will be reduced to zero i.e. net zero emissions by 2050.  The United Kingdom is the first major nation to commit to such a target.

The UK government has already committed to a reduction by 80% by 2050 in the 2008 Climate Change Act. Emissions will have to be cut across the board to include, housing, farming, manufacturing, transportation etc.  

Transportation is already witnessing a major change.  The adoption of electric vehicles in the UK is increasing rapidly.  The UK has already witnessed the introduction of the Plug-In Grant (PiCG), Ultra Low Emission Zone (ULEZ) and other legislation to promote Ultra-Low-Emission Vehicles (ULEVs).  

Aspiring buyers are trying to better understand the current available models of BEVs.  In particular, the ‘real world’ range of EVs.  

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Though 2050 may seem distant, the lower to zero emission objectives are having a fundamental impact today.  In particular, in the UK automotive sector.  EVs are beginning to migrate from, a niche emission free transportation solution to the mainstream.  We expect the adoption of EVs by both the private and commercial sector to increase significantly, far sooner than forecast.  The impact of 2050 will continue to amplify the transition to a low-carbon economy.  

Lead Battery Technology Could Make Electric Car Charging Cheaper  

Nissan Leaf electric car charging
Nissan Leaf EV Charging (Credit: Autocar)

This is not the first time that Tesla is assessing ways to improve charging infrastructure for electric car drivers. The company is already well known for the Supercharger infrastructure in the UK and worldwide.  In Europe and the Middle East, Tesla has 1,533 Supercharger Stations with 13,344 Superchargers.   

However, the company is reportedly assessing the potential of using lead batteries to store cheaper off-peak power at petrol stations in the United States.  There is a US Department of Energy backed feasibility study in Missouri. 

A report from the management consultants, McKinsey, suggests significant savings of up to £2,400 per month by filling stations by adopting better supply sourcing.  The report is titled “How Battery Storage Can Help Change The Electric-Vehicle Market”.

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The speed and cost of charging electric vehicles will continue to remain pivotal themes for the successful mass adoption of EVs.  Manufacturers and other stakeholders will need to continue to collaborate in identifying and validating solutions to achieve improvements in charging. Battery storage along with V2G will play an important role in the electric vehicle charging infrastructure. 

Tesla Model 3 Long Range REVIEW: Grin-Win Situation For Car Company

Tesla electric cars showroom
Tesla Showroom (Credit: Express)

The introduction of the Tesla Model 3 has been a highlight in the 2019 automotive calendar. Reviews have been positive, to include the review from Express that has called it an ‘exceptionally fine car’  and ahead of the Jaguar I-PACE.   Tesla received more than 400,000 orders within days of the booking opening.   The right-hand drive Model 3 is yet to arrive in the UK and wait times continue to remain long.  Prices commence at £47,900 for the Tesla Model 3 Long Range with a range up to 348 miles. 

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Despite the positive impact Tesla has had on the EV market globally, the introduction of much cheaper EV models will be key to achieving mass adoption. The Model 3, though cheaper than other Tesla EVs, is still out of the reach of a number of consumers.  For Tesla to maintain leadership and survive for the long term, the introduction of affordable electric cars will be mandatory.  

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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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