Electric Car News Roundup – 16

electric car news

Tesla Model 3 Tops Survey For The World’s Most Searched-For Electric Car

According to a recent study by the UK based price comparison platform, Compare the Market, the Tesla Model 3 has been the most searched all-electric car on Google.  The price comparison service assessed popular search terms used for battery electric vehicles (BEVs).  The study did not include other eco or green cars, like plug-in hybrid vehicles (PHEVs), hydrogen vehicles or conventional hybrids. 

The study covered 136 countries and found that the Tesla Model 3 was well ahead in search queries for electric vehicles, compared to EV models like the ubiquitous all-electric Nissan Leaf.    The Tesla Model S and Tesla Model X followed the Nissan Leaf in 3rd and 4th position respectively. 

Tesla Model 3 electric car
Tesla Model 3 EV (credit: Teslarati)

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As the electric vehicle sector develops globally, automotive brands are emerging to take leadership positions across the EV value chain.  Elon Musk, the technology entrepreneur has propelled the Tesla brand at the forefront of the electric car revolution, such that, EVs and Tesla are fast becoming synonymous and interchangeable.  Tesla Models, like the Model X and Model S are fast becoming household names in key global electric vehicle markets.  

Like the co-founder of Apple Inc, the late Steve Jobs, Elon Musk has recognised early, the key ingredients in selling everyday ‘utility’ products. Tesla is recognised much more than just an innovative electric drivetrain.  It has developed a loyal following of enthusiasts, just as Apple has over the past many decades.  A large part of the Tesla success has been driven by design, premium finish and high performance.  Despite, the success of Tesla Inc., the competition is hot on the heels and the continued leadership of Tesla in the global EV market is far from certain.  For Tesla to continue to lead the fast evolving global EV market, the US based company will have to make ‘affordability’ a core value in its future models.  The Model 3, the cheapest model in the Tesla portfolio is a step in the right direction, but Mr. Musk will need to take a much larger stride towards ‘affordability’ to win the race!     

Electric Car Models To Triple In Europe By 2021

The number of electric car models to be introduced in the European markets is expected to triple by 2021.  This year has already witnessed a record number of new EV introductions, to include the Tesla Model 3, the all-electric Honda e and the fully-electric Mini.  

Automotive manufacturers are expected to offer up to 214 electric car models in 2021, a 60% increase since 2018 (60 EV models were introduced). The study conducted by the European Federation for Transport and Environment (T&E) expects up to 92 all electric models in 2021, with Germany, France, Spain and Italy as the leading destinations for the production of electric vehicles.  

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It is a weekly occurrence: the headlines scream another mainstream automotive manufacturer announcing the launch of an electric vehicle.  This momentum is expected to continue unabated for the coming years.  To a large extent, this is not surprising.  Global car manufacturers are now playing catch-up, as relatively new automotive manufacturers like Tesla take a lead in the fast growing global EV markets.  No doubt that legislation is a driving force, but there is also a fundamental shift in consumer expectations, in that, consumers prefer less polluting road transportation.  We expect the continued introduction of EVs to further reduce the price of acquisition of electric cars, as the EV sector replaces internal combustion engines (ICE) as the preferred solution for road transportation. 

World’s Largest Electric Vehicle With A 600 kWh Battery

A mining dumper has become the largest electric vehicle in use.  The all-electric dumper has a 600 kWh battery that weighs 4.5 tonnes. The e-dumper has been manufactured by the Swiss company, Kuhn Schweiz AG.  

worlds largest electric vehicle
The World’s Largest EV (credit: The Driven)

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It is a wonderful reminder that the rapid migration to ultra low emissions vehicles (ULEVs) is well beyond the ecosystem of passenger cars.  In fact, the replacement of polluting diesel and petrol engines across all road transport segments by zero-emission electric vehicles will be imperative in achieving lower air pollution.  

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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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