Electric Car News Roundup – 20

electric car news

BMW Releases New Images Of iNext Electric Car Prototype Ahead Of Production


Though very little detail is known about the next iNext EV, the German automotive company has been gradually teasing the market with details and images.  The i-Next, a crossover, is expected to be the next-generation of all-electric cars from BMW.  Though precise details on range are yet to be established, senior representatives from the company have suggested a whopping 435 miles. It seems, the EV will be priced to compete head-on with the successful Tesla Model 3. The iNext concept was unveiled in Munich earlier this year. The iNext is expected to come to the market in 2021.

BMW iNext all electric car
BMW iNext Electric Car (credit: electrek)

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BMW has already cemented success in the fast growing EV market.  The BMWi3 all-electric car is now commonplace on UK roads, to include major city centres like London.  The company certainly has credible EV experience to leverage for its latest iNext model. We at e-zoomed have little doubt, in BMW’s ability to deliver a high quality EV, however, the key will be price. For BMW to leverage its position in the electric vehicle market, all things being equal, price will dictate success. Let us hope, the board of the Munich based company has understood this! 


UK Electric Vehicle Charging Points Rise to 9,200: Nissan


According to the Japanese automotive manufacturer, Nissan, the number of EV public charging points in the UK, has now surpassed conventional fuelling stations.  The total number of charging points is now over 9,200. Approximately 1,600 provide rapid charging i.e. can recharge an electric car (compatible with rapid charging) within the hour.  

Electric vehicle charging infrastructure companies like BP Chargemaster, are rolling out 400 ultra-fast chargers.  Other EV charging companies have made similar announcements.  According to S&P Global Platts Analytics, up to 170,000 charging points have been installed across Europe, compared with 75,000 in the US and 321,000 in China. 


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Without an iota of doubt, the current pace of deployment of EV public charging infrastructure, positions the country strongly for scaling and mass adoption of electrical vehicles. Even though ‘range anxiety’ and public charging has been a ‘hot topic’ for debate, it is worth noting that the majority of EV charging is done at home.  In fact, according to some estimates, up to 85% of electric car charging will be done either at home or the workplace.  Nevertheless, public charging infrastructure will remain key in successful mass adoption of EVs.  The key of course, is the deployment of rapid charging infrastructure, such that, charging times can be significantly reduced.  In this regard, all the recent announcements bode well. 


No Brainer: Tesla Model 3 Deemed Best Electric Car Available Today 


Tesla Model 3 continues to get significant attention, in particular from reviewers. The Tesla ‘affordable’ model, which began being shipped in the UK, earlier this year, is selling more than any other EV in the UK.  The mid-sized all-electric sedan tops the list, ahead of the Jaguar I-PACE and Audi e-tron SUVs. 

Tesla Model 3
Tesla Model 3 Electric Car

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Battery electric vehicles (BEVs), like the Tesla Model 3, give us a glimpse of the future of road transportation, not only in the UK but also globally.  From the moment you approach the vehicle you are mesmerised.  There is no other way of describing the sensation.  The premium, clean and minimalistic interiors, with the significant spread of glass across the top, front and back, literally make it impossible to exit the EV.  When history documents the growth of EVs, the Model 3 will certainly have an important place, for it has increased the benchmark to attain success in the EV industry. Zero-emission premium, fun, long distance driving at an affordable price.  That is the bottom-line! 


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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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