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Daimler and Chinese BAIC Motors this week agreed to increase the investment in the Sino-German Joint Venture, Beijing Benz Automotive Co (BBAC), to manufacture electric vehicles. The partners agreed to a further investment of 5 billion yuan (655 million euros / $735 million) at a signing of the heads of agreement in Berlin in the presence of German Chancellor Dr. Angela Merkel and Chinese President Xi Jinping. The investment by the German automaker is a further commitment to electric vehicles as it implements the aggressive electric vehicle strategy. BBAC is the localization of the Mercedes-Benz brand and will see its first electric vehicle rolling off the production line in 2020.
In June 2017 both partners agreed to strengthen their strategic collaboration through investments for New Energy Vehicles (NEVs) in China. As part of the investment agreement, Daimler announced its intention to acquire a minority share in Beijing Electric Vehicle Co., Ltd. (BJEV), a subsidiary of the BAIC Group, with the purpose of strengthening strategic collaboration with BAIC in the NEV sector.
The investment will be used to extend the BBAC plant in Beijing, established in 2005 and already Daimler’s largest Mercedes-Benz passenger car production hub, to become a BEV production hub in China. The establishment of a BEV production hub will commence with the building of an eBattery factory, which would be Daimler’s first foreign location of its global battery production network. Daimler plans to invest one of the ten billion euro earmarked for its electric vehicle strategy in the global battery production network for Mercedes-Benz vehicles. The network already includes the site in Kamenz, Saxony, built in 2010, where a second state of the art battery factory is being built with an investment of around 500 million euros. Mercedes-Benz will source the cell for its battery plant in Beijing from Chinese suppliers.
Tesla‘s Elon Musk announced last Sunday that production of the Tesla Model 3 would commence on Friday the 7th of July, two weeks ahead of schedule. Late Saturday evening Elon posted a tweet showing two pictures of the historic vehicle with serial number one that came off the production line. According to Elon Musk, the rule at Tesla is that the first person to pay the full price will get the first Tesla Model 3 SN1. He responded to a tweet that he has the first Roadster and Model X but not the first Model S. The average sales price for a Tesla Model 3 is estimated to be around $50,000 before incentives.
Electric car sales in the USA and Norway showed healthy gains over the same period in 2016. US EV sales increased 16% over that of June 2016 while in Norway sales jumped 62% for the same period. Electric vehicle sales in Norway now stands at a record 42% of new vehicle sales. Total US EV sales for the year so far stands at around 90,000 units, 39% more than in the first half of 2016. Read our detailed breakdown of EV sales for H1 2017 in Norway and the USA by clicking on the following links.
The state-owned Chinese automaker Dongfeng, a top four vehicle producer in China, which primary strategy has historically been the production of localized cars of various international auto companies such as the PSA Group, Hyundai, Honda, Nissan, and Kia. The company’s in-house developed vehicles are sold under the Dongfeng Fengshen brand which up to now had little EV models. On the 3rd of July, the GM of Dongfeng Fengshen announced during the unveiling of its AX4 SUV that the company will focus on SUVs and EVs from now going forward. The GM, Mr. Lui Hong, did not specify if the vehicles will be based on the new AX4 SUV, AX7 or the E70.
VW and robotics firm Kuka this week signed a new co-operation agreement to develop robot-based innovations for all-electric and autonomous automobiles. The new agreement will expand the existing e-smart Connect project which includes a practical and user-friendly solution for charging high-voltage batteries of electric vehicles pictured here charging the VW GenE research vehicle. The Kuka developed charger is a charging solution developed for parking garages.
The Volkswagen Group is planning a strategic e-mobility offensive in the course of realigning its drive strategy. By the end of 2018, more than ten new electrified models will be launched on the market. A further 30 models will follow by 2025. These will be all-electric battery-powered vehicles. In parallel, Porsche will manage the ongoing expansion of infrastructure for quick-charging stations. The Volkswagen Group is providing a vision for autonomous driving of the future with the “Sedric” concept car. Audi recently established Autonomous Intelligent Driving GmbH for self-drive systems. This company is carrying out work for the entire Volkswagen Group.
KUKA AG is one of the biggest providers of intelligent automation solutions and is the world’s leading manufacturer of production plants in the automobile industry. The Group’s own Research Department headquartered in Augsburg lays the technological fundamentals for innovations in industrial production and service robotics.
The highlights for USA electric car sales in H1 2017 was:
There are no surprises in the Top 3 EV brands with Tesla holding on to its lead over GM due to a 24% rise in Tesla Model X sales. GM could not dethrone Tesla even with a new model, the mass-market Chevrolet Bolt EV up its sleeve. Improved sales in the 2nd Quarter from the Ford Fusion Energi and C-Max Energi helped the brand retain its third position fighting off the strong performance of Toyota with the new Toyota Prius which was placed third at the end of the first quarter.
Most brands showed improved sales growth over the first half of the year with only Ford, Volvo, and Mitsubishi showing declining sales. The Volkswagen Group showed a declining trend as the year progressed and mustered the lowest growth. The declining fortunes of the German automaker can be attributed to the Volkswagen e-Golf not being able to compete on range with the new mass-market Chevrolet Bolt being sold in the same price bracket. Chrysler showed the highest growth after Toyota buoyed by the new Chrysler Pacifica and great specials on its compliance car, the Fiat 500e. The results might have been better for the US automaker, but the Chrysler Pacifica launch was delayed and then impacted by recalls and plant closure due to battery problems.
Most of the existing models showed growth lower than the overall growth due to the big number of new models to the market. Surprisingly the Ford Focus and Fiat pure electric models outperformed the market showing that the public is becoming more comfortable with range issues and the continuously improving charging infrastructure is starting to have and effect on top of the financial incentives making EVs appealing.
European plug-in vehicles were the biggest losers in this half of 2017 with a number of the luxury PHEV models losing big. Volvo and BMW saw some of their relatively new models losing steam. Both the BMW x5 xDrive and Volvo XC90 T8, released in 2016, lost market share in favor of the Tesla Model X. The Tesla Model S sales have flatlined although it remained the top selling BEV model. It will be interesting to see how the new Daimler Smart ForTwo ED fares in the second half of 2017. The German automaker is relaunching the brand as electric only in the USA and Canada from this summer and will offer a slightly improved model at a marginally reduced $23,800 starting price before incentives.
Battery electric vehicles are still maintaining its lead over plug-in hybrids albeit at a lower margin. BEVs took six positions in the Top 10 EV sales for the USA in the first half of 2017. The ever increasing number of plug-in models benefits the technology in the short term as it competes with only a handful of pure electric models. The Plug-in hybrid category benefited mostly from the release of the new Toyota Prius and to a lesser extend the Chrysler Pacifica. The Tesla Models X and S constitute nearly 44% of all BEV models showing the company’s dominance in the sector. The commanding position will improve even more with the release of the Model 3 in the second half of 2017 which might add about 40,000 units depending on the production ramp-up. The release of the Tesla Model 3 and new Nissan Leaf, expected by the end of the year, should help pure electric vehicles outperform the more dirty plug-in hybrids in the second half.
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Up to now, news about VWs plans with its I.D. electric series have been sparse. The latest news on the VW I.D. strategy was about VW’s Chairman, Dr. Herbert Diess confirming the production of the I.D. Buzz. Dutch publication, Groen 7, this week provided a further glimpse of the VW strategy with the I.D EV model range which included two more models to join the three models already announced. VW will develop the I.D Lounge, an SUV and I.D AEROe, a sporty sedan exclusively for the US and Chinese markets. The I.D Lounge and I.D. AEROe will follow the I.D., I.D. Cross and I.D.Buzz models to hit the roads from 2019 to 2022. VW will produce the I.D. for the European market and the I.D. Cross for Europe and China. The market for the I.D.Buzz is yet to be defined.
All the I.D. models will be developed on VWs M.E.B platform. Golf replacement, the I.D. is expected in 2019 and promises a range of up to 600km from a 125kW electric motor. The last model in the range, the I.D. Buzz will have two electric motors with a combined output of 291kW and an acceleration of 0-100km/h in 5 seconds.
In related news the CEO of VW Group company Porsche, Mr. Oliver Blume said that half of all Porsche models would be electric by 2023. The Porsche Mission-E is expected in 2019/2020, followed by a BEV SUV Coupé. Porsche is preparing for the production of 60,000 electric vehicles per annum at its Zuffenhausen assembly plant.
Audi and German auto parts company, Schaeffler, partnered to develop a new powertrain for the ABT Schaeffler Audi Sport Formula E Race Team. The partnership will be around the development for the next three generations of the race car’s powertrain. The team has finished on the podium for the past two seasons and is again lying second in the third iteration of the ever popular event.
The VW JAC electric vehicles joint venture signed in Berlin at the start of June 2017 officially kicked off in Hefei, Anhui Province on the 29th of June 2017. The Chinese JV company, JAC Volkswagen Automobile Co., Ltd. with an initial investment of 5.6 billion Yuan ($740 million) will deliver its first electric car in January 2018. According to reports the first EV from the JV will be a fully electric SUV.
We have followed the Chinese “Netflix,” LeTVs, misadventures in the electric vehicle sector for the past year. LeTVs auto companies, Faraday Future in the USA and the LeEco in China, is well known for overpromising and underdelivering on its goals. The reason for the failure of the enterprises to make good on the hype created around it stems mostly from a cash crunch at the parent company, LeTV, due to it overextending itself in a wide range of projects. The founder of LeTV, Jia Yueting, had to personally jump in and save the two electric vehicles from faltering as groundbreaking of the Faraday Future ground to a halt while the launch of the FF91 at the CES 2017 flopped and the JV with Aston Martin was suspended. At the start of June, the Shenzhen Stock Exchange suspended the launch of the company’s RMB 2 billion bond which was supposed to provide cash flow to LeTV and its subsidiaries. This week Jia Yueting announced that LeTV would complete A-round financing by the end of the year to fund its vehicle projects housed under LeAuto. The funding will be used for mass production of electric vehicles. Jia Yeating stepped down recently as General Manager at LeTV and took a board position at LeAuto and FF Global. Faraday Future also clawed back some reputation this week as the FF91 prototype set a new production vehicle record at Pikes Peak.The FF91s time of 11 minutes 25.083 seconds record was 20 seconds faster than the previous record set by a modified Tesla Model S. Should the funding fails it will most probably be the end of the projects as LeTV has racked up large debts already resulting in large-scale layoffs and halting of projects.
The Korean auto manufacturer, Ssangyong, 72.85% owned by Indian conglomerate Mahindra and Mahindra announced that it will produce of an electric SUV by 2020. The SUV is to be assembled at the 250,000 unit plant in Pyeongtaek South Korea. and promises a range of 300km with a top speed of 150km/h. Ssangyong earmarked 1 trillion won ($1 billion) for the development of SUVs and EVs over the next four years. The parent Mahindra & Mahindra will support the development with funds and technical assistance.
The international promotion of electric vehicles got another leg up this week with the Governments of Thailand and New Zealand announcing incentives to promote the adoption of electric vehicles.
The Thai government set preferential excise duties for electric vehicles as depicted in the slide by the Tax Authority below. Electric Vehicles is one of 10 target industries in Thailand, which is an international auto manufacturing hub. The preferential rates will apply through 2025 and will extend to include EVs and ten EV parts. The ten EV components to benefit from the incentive are batteries, traction motors, battery management services, DC/DC converters, inverters, portable electric vehicle chargers, electrical circuit breakers and EV smart charging systems according to the Bangkok Post.
The New Zealand legislature passed the Energy Innovation Amendment Bill to implement sections of the New Zealand Governments Electric Vehicles Program amongst other changes. The amendment comes at a time when New Zealand EV sales for May 2017 smashed records. The amendments make provision for the exemption of EVs from road charges and enabling bylaws allowing special lanes for EVs.
In related news, the US state of Nevada passed Assembly Bill 69 which authorizes the testing of autonomous vehicles on its public roads. Nevada joins an ever increasing list of States allowing for the testing of self-driving cars on public roads. States that already allows for the testing on public roads include Texas, California, Michigan and New York.
It has become a trend in recent times for countries to incentivise their citizens to buy electric vehicles, some having more success than other in implementing such plans. One thing is certain, electric vehicles are here to stay. Thus we take a look at the countries who incentivise their citizens the best when it comes to buying EVs.
When compiling these rankings, we looked at specific criteria such as the how well the subsidiary plan is implemented, how well the plan promotes EV sales as well as the longevity of the plan. An honorable mention to America who did not make it onto our list because of recent political question marks surrounding their commitment to sustainable energy.
The UK is not particularly known as the “greenest” country in the world, but this does not imply their unwillingness to move to a greener future. In the UK a person can get a grant towards the cost of a new electric car, van or motorcycle as long as it meets certain criteria.
Firstly the cost that is covered by the government includes the basic price of the vehicle, number plates, and vehicle excise duty but does not include delivery charges, first registration fee or any optional extras. According to the UK’s official website Gov.UK, citizens who buy an electric vehicle in 2017 could receive 35% of the cost of the car (up to a £4,500) depending on the model.
These vehicles are divided into categories:
[supsystic-tables id=192][supsystic-tables id=193]
In the short period, these initiatives have been implemented there has been a tremendous increase in the registration of electric vehicles in the UK.
Between 2011 and 2014 just over 25,000 electric vehicles had been sold in the UK, in the same amount of time (between 2014 and 2017) the number of units sold has increased by a factor of 4 (94,541 units by March 2017).
Electric vehicle owners are also exempt from paying the London congestion charge as of July 2013 which means EV owners in the UK are major winners compared to ICE (internal combustion engine) owners.
Germany has joined the subsidy game later than other countries on this list, but their ambitious goals have cemented them into the third spot. At the beginning of 2016, Chancellor Merkel introduced a green car subsidy up to €5000 to boost BEV and plug-in hybrid sales.
This plan was implemented as of February 2016 and includes a 40% purchase subsidy paid by the German government which means private buyers would receive the full €5000 while corporate buyers would receive up to €3000. Incentives will decrease by €500 a year till the scheme has run its course. This scheme is planned to run until 2020, and the German government hopes to have 1 million electric vehicles on their roads by that time.
According to Nissan if from now on electric car sales double every year until 2020, it is possible to achieve the goals set out by the government.
The government has set aside 1 Billion euros to implement this scheme which shows their intent to make German roads green as quickly as possible. A total of €600 million (US$678 million) is reserved for the purchase subsidies, which are expected to run until all the money is disbursed, estimated until 2019 at the latest. Another €300 million (US$339 million) are budgeted to finance the deployment of charging stations in cities and on autobahn highway stops. And another €100 million (US$113 million) would go toward purchasing electric cars for federal government fleets. The program is aimed to promote the sale of 400,000 electric vehicles. The cost of the purchase incentive is shared equally between the government and automakers.
German EV sales sky-rocketed in the first four months of 2017, increasing 82% on 2016.
#2 – Canada
Canada has booked their place in the second spot on our list with their unique approach to subsidizing electric vehicles. Canada does not have a “one size fits all” scheme like Germany that is applied to the whole of the country. Instead, they leave it up to each province to set their regulations regarding subsidizing EVs, creating a competitive environment between provinces to reduce fuel emissions. So what does this mean for an average Canadian? If you buy an EV in Ontario, you will receive a $14000 rebate, but if you walk across the provincial border to Quebec, you will only get a $3000 rebate.
The government of Ontario has by far the best subsidiaries when it comes to EV’s up to $14,000 off the purchase of an electric car( You also get up to $1,000 off the purchase and installation of a home charging station). EV owners receive a green license plate that allows them to use high-occupancy vehicle/toll (HOV/HOT) lanes when driving alone. The amount each car receives is based on four factors: 1. battery size, 2. number of passengers, 3. vehicle price (including trim) and 4. terms of the lease.
The government of Québec offers a rebate of up to $8,000 off the purchase of an electric car and 50% of the cost of buying and installing a charging station up to a maximum of $600. For more information, visit Government of Québec.
The government of British Columbia offers a rebate of up to $5,000 off a fully electric car and up to $2,500 off a plug-in hybrid electric car. For more information, visit Clean Energy Vehicles British Columbia.
Where can one start with this EV mecca, not only does Norway surpass each of the countries in EV’s per capita, they are actually in a class of their own. Just to put this into perspective, here is a chart depicting Norway’s concentration of plug-in electric cars per 1000 people:
In March 2014, Norway became the first country where over 1 in every 100 passenger cars on the road was a plug-in electric, and as of July 2016, there were 21.5 registered plug-in cars per 1,000 people. That’s 14.2 times higher than the U.S at that time.
Norway also holds the record for the highest-ever monthly market share for the plug-in electric passenger segment (achieved in January 2017) with 37.5% of new car sales. EV sales in the country have kept its momentum and powered ahead with Q1 2017 year-to-date increase of 20.03%.
How do they achieve these incredible records you ask? They aren’t even an EV-producing country. The answer is simple; the Norwegian government offers so many benefits to EV drivers that citizens would be foolish not to participate in this EV frenzy.
In Norway, all electric cars and vans are exempt from non-recurring vehicle fees, including purchase taxes, and 25% VAT on the purchase, making the purchase price of EV’s competitive with conventional cars. Also, the government approved a tax reduction for plug-in hybrids starting in July 2013. The government’s initial goal of 50,000 pure electric vehicles on Norwegian roads was reached by late April 2015. The subsidiaries were so successful they decided to extend their program till 2017, local authorities also granted EV’s the right to park free of charge and use public transport lanes. They are also planning a National Transport Plan (NTP) which lays the foundation for all new cars, buses and light commercial vehicles to have zero emissions by 2025 (this includes all-electric and hydrogen vehicles).
As of March 2016, there were 7,632 electric charge points in the country. Oslo is the country with the most charging points with 1,996 charging stations, followed by Akershus with 1,117, and Hordaland with 932. The Norwegian charging infrastructure includes 293 CHAdeMO quick charging points and 194 fast charging points at Tesla Supercharger stations.
EV sales in the USA are up 43% Year-to-Date after sales in May resulted in it being the second best month for electric cars for the year so far. May 2017 sales outperformed May 2016 with a 46% increase. The tussle between BEVs and PHEVs is to close to call as pure electric vehicles continue giving ground on the lead at had over PHEVs, with PHEVs outselling BEVs in May with 8,325 units vs. 8,243 pure electric vehicles which include the BMW i3 REx.
The best performing electric vehicle for the month was the Toyota Prius, dethroning the Chevrolet Bolt for the first time this year. The Tesla Model S also dropped out of the top 3, a rare occurrence, making way for its sibling, the Tesla Model X. The Hyundai Ionic and Chrysler Pacifica both climbed five or more positions for the year, with the Chevrolet Bolt increased its units sold with 21% on April but remaining in the 5th place overall for the year. The big losers for May 2017 were the Mercedes C350e, Audi A3 e-tron, and Ford Focus Electric.
The Top 3 brands remained the same as this time last year with Tesla, Chevrolet and Ford taking the top three positions. The rest of the brands had to make way for the rise of Toyota, taking the 4th place. Volvo gave up the most ground, falling from 9th to 12th spot.
Toyota confirmed this weekend that it divested from Tesla as it exited the co-operating agreement the companies had on electric vehicle technology. Toyota acquired 3.15% in Tesla in 2010 for $40.5 million, a stake which would have been worth $1.75 billion at Friday’s close. According to the Japan Times Toyota announced that the sale of the stake, which happened in trances between October 2014 and the end of 2016, is “a part of a regular review of business alliances.” The partnership resulted in the development of an electric Toyota RAV 4, which was abandoned as the company changed course away from EVs to hydrogen fuel cell technologies.
The Indian Government’s Department of Energy posted a blog in which it reiterates its ambition to only sell EVs by 2030 through its National Electric Mobility Mission Plan on which we reported on in Week 17. The Government’s plan set a target of between 6 and 7 million units by 2020 already, which seems overly ambitious as EV sales have yet to pick-up in the country. One if its largest automakers Mahindra and Mahindra last week announced that it only now plans to increase its battery production capacity from 500 units to 5,000 a month, a far cry from what should be needed if it wants to produce its fair share of 6 million units. The blog sees that EVs will reach parity with ICE vehicles by 2022. Bloomberg New Energy Finance in a report last week saw this only happening in 2025. Automakers such as Mahindra is reluctant to overly invest in EV manufacturing infrastructure while the prices of ICE cars remain cheaper than EVs in a country where the consumer is very price sensitive. The Indian Government is yet to definitively announce what financial contribution it will make towards achieving the goals, other than saying it acknowledges that it will need to carry the industry for the first three years.
Chinese Premier, Li Keqiang, and German Chancellor, Angela Merkel met on Thursday to discuss various trade issues between the two countries, amongst others the impact of the China’s ZEV-like quota on German automaker’s expansion plans in the Asian country. The Chinese Government proposed that car manufacturer had to achieve a level of 8% EV sales by 2018. Although not confirmed Reuters on Friday reported that the Chinese Government agreed to delay the quota to 2019 for German companies but that they should ramp up EV deliveries at a later date.
As the electric vehicle sales in neighboring Norway climbed 30% year-on-year for the month of May the CEO of Russia’s largest oil company, Rosneft PJSC, Igor Sechin denounced EVs as overrated. Mr. Sechin was quoted by Bloomberg during a speech at the St.Petersburg International Economic Forum saying Tesla is overvalued and EVs are “not as popular as had been expected” in Europe’s biggest economies. Mr. Sechin went further saying “The market’s assessment of the prospects of electric car producers, in our view, is significantly overestimated,” and that “Until the electric transport industry becomes as user-friendly and attractive for consumers as the cars with internal combustion engines, the prospects for electric vehicles remain largely uncertain.” Rosneft that had 2015 revenues of nearly $100 billion market value was clipped by that of Tesla at the end of May 2017. Tesla shares were up nearly 60% for the year while Rosneft was down 20%.
We acknowledge Donald Trump leaving the Paris Climate Pact but took a decision to rather report on other EV related stories of the week.
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On the 1st of June 2017, VW and JAC signed a joint venture agreement to develop mass market electric vehicles in China. The agreement received the political support of both the German and Chinese Governments as it was signed in the presence of Chancellor Angela Merkel and Chinese Premier Li Keqiang. Although the agreement was negotiated over a period of time it is significant that it was signed on the same day that Donald Trump took the USA out of the climate accord agreed in Paris 2015 in a move alienating the USA from the rest of the world.
VW and JAC will each hold 50% in the JV enterprise to develop, produce and market electric vehicles and mobility services with a key focus on mass market EVs over a 25 year period. The JV has already received a production certificate for 100,000 units last week as required by new Chinese regulations created in 2016 to regulate the EV sector. The value of the prospective 100,000 unit plant is set at $740million. VW has been operating in China since 1984 through partnerships with FAW, SAIC, and JAC and plans to deliver 400,000 electric vehicles to the Chinese market in 2020 and 1.5 million electric vehicles in 2025 as part of its electric vehicle strategy, named “TOGETHER – Strategy 2025”. It is planned that the new joint venture with JAC should produce its first jointly developed electric vehicle in 2018. The terms of the partnership according to a VW press release is as follows:
The agreement provides for the construction of a further factory as well as a research and development center. The joint venture also includes the development and production of components for new energy vehicles (NEV), the development of vehicle connectivity and automotive data services. In addition, it is intended that the joint venture should establish new used vehicle platforms and engage in all related business activities.
JAC Motors, China’s 10th largest auto manufacturer is a state-owned enterprise officially know as Anhui Jianghuai Automobile Co. Ltd and situated in Hefei, Anhui Province, close the larger Chery Auto. JAC Motors crafted its strategy for the electric vehicle segment, named “The Pure Electric Vehicle Development Plan” in 2002, making JAC an early mover in China and one of the most popular brands. In 2012 the company held the Top 1 position in China and thereby gaining the Top 3 place globally. At 2016 the company sold 22,000 new energy vehicles, bolstering it to showcase the largest range of electric vehicles at the Beijing Auto Show in 2015. JAC has also recently partnered with Carlos Sim to build vehicles in Mexico, taking advantage from Donald Trumps isolating policies there.
Interested in learning more about Chinese electric vehicles? Download our fun and easy app below, flick the China switch and swipe left the models you don’t like, right the ones you do, enter the chat rooms and share your thoughts with the community.
“Our Strategy Number One Next is centred on consequent lightweight construction, alternative drivetrain technology, connectivity, autonomous driving functions and the interior of the future. The iNext will set the standard from 2021″
Unconfirmed online reports this week claimed that BMW would not pursue the development of the BMW i5 as its mass market answer to the Tesla Model 3, but rather follow other carmakers such as Hyundai and Citroën, by offering electric options across existing ranges so that customers can choose a gasoline model or an electric model.
The reason for the change of heart is that the cost associated with the specialized chassis systems of the i8 and i3 makes it unsuitable for high volume production. In March BMW’s reported its lowest profitability since 2010 on the back of spending on technologies to compete with its rivals in the electrification and autonomous sectors.
The following statement by Harald Kreuger this week, “The all-electric MINI and the all-electric BMW X3 will mark the beginning of the second wave of electrification for the BMW Group, benefiting from the ongoing technological progress we are making in this area.” is seen to support the reports that the company is having a rethink on its EV Next strategy.
BMW’s change of direction will set it on a different course than its competitor in the luxury car market, Daimler, which has set an aggressive strategy to develop a separate brand to establish a market lead in the e-mobility sector.
The BMW strategy now seems to focus on finding the least cost route of adding batteries to existing models to produce vehicles for consumer’s increasing appetite for electric cars. Adding batteries to combustion vehicles is seen as a cop-out as consumers will be better served by buying electric vehicles built from the ground up around the technology.
Indian based Mahindra and Mahindra this week shed some more clarity on how it aims to compete in the electric vehicle sector. The company announced that it would construct a battery plant in Chakan, Pune City in Maharashtra State which will increase the company’s battery output ten fold. Currently, the company produces only around 500 battery packs a month for its e2O, and eVerito models from imported cells at its Bengaluru plant, the Chakan plant has a target of 5,000 units a month. The Indian company is also developing a high powered electric vehicle platform available by 2019 that is capable of speeds up to 200km/h / 125mph and a range of 350 – 400km (250 miles). The Indian government has set a lofty goal of 100% electrification of the countries vehicle fleet by 2030, but to date, the technology has failed to get any traction that can compare with its peer, China.
US-based research firm Research and Markets this week released a report indicating that they see the EV charging infrastructure market should be valued at around $45 billion by 2025. A rush by governments to encourage the adoption of electric vehicles is seen as the main driver for the uptake of the technology. The research firm also reported on the adoption trends within the charging technology sector, stating that the CHAdeMO connectors would be replaced by Combined Charging System (CCS) as the preferred connector type. The fast charger segment is said to lead over slow or home-based chargers, showing an estimated CAGR of 47.9% from 2017 to 2025.
Research firm Bloomberg New Energy Finance (BNEF) this week reported that it expects EVs to reach price parity with internal combustion vehicles (ICE) in the USA and Europe by 2025. Falling battery prices driving down cost is seen as the main reason behind the conclusion. Currently, battery prices constitute around 50% of an EVs cost, by 2020 BNEF forecast batteries to only constitute between 23% and 16% of an electric car’s total cost by 2030. The report did not compare the total cost of ownership, which is expected to favor EVs this decade already. It is unclear if the study did take into consideration regional factors such as the EU adding as much as $340 per engine on diesel engines from 2020, which should increase the cost of combustion engines.
In March the UK based Detroit Electric signed a joint venture agreement with Shanghai-listed Far East Smarter Energy Group (Smarter Energy). The JV called for the Chinese partner to invest $370 million over a four-year period. Already the JV is experiencing stress as Smarter Energy this week announced that it would transfer 40% in Detroit Electric to Far East Holding Group (Holding) to secure financing. The transaction was done at no value. Smarter Energy revealed that the financing round is taking longer than anticipated and that it is struggling to secure the required production certificates from the Chinese Government to be allowed to produce electric vehicles. Up till May 2017, only fourteen such permits have been granted by the Chinese authorities. The remaining shareholding structure of the joint venture now has Detroit Electric owning 50% while Yixing Environmental Protection Science and Technology Industrial Park 10%. It is unclear how the restructuring will impact on the company’s timeline to bring the SP:01 to production by 2018.
The pace of German electric vehicle sales just keeps on accelerating as the country’s April EV sales jumped 119% compared to the previous April, bringing the year-to-date increase to 82%, up from 77% in March. Battery Electric Vehicles (BEV) maintained a slight lead over Plug-in Hybrid Electric Vehicles (PHEV) with 6,843 units sold vs. 6,728. Plug-in Hybrids were, however, the leading technology for the month of April with 1,953 units sold vs. 1,587.
The Top EV brand in Germany is BMW, taking the crown from VW. The BMW i3, which kept on to its second position overall and the BMW 225xe Active Tourer accounted for nearly 80% of the German automaker’s total sales. Significant of the BMW i3 sales is that the consumer is shifting away from the i3 REx range extended PHEV, last years preferred variant, to the pure electric version. The ratio in 2016 was 474 i3 REx to 216 i3 BEV vs. 897 BEV to 551 REx now. The shift towards the pure electric version is an indication that consumers are getting more comfortable with the technology and that range anxiety is becoming less of a deterrent. Surprising is that Nissan lost a lot of ground in Germany, this was due to the fall in Nissan Leaf sales. The popular, yet dated Leaf, has been able to hold its commanding position in most other markets, so we have to ask the question if Germany is a sign of what’s to come. Nissan teased some pictures of the new Leaf, expected in 2018 this week. The VW brand was one of the other losers for the year-to-date, mostly due to falling Volkswagen Golf GTE and e-Golf sales. The new Renault Zoe Z.E. 40 was the most popular car in February and March but lost ground in April to the BMW i3, Audi A3, and Mitsubishi Outlander.
Smaller and cheaper models remained the top performers in Germany, but new models such as the Opel Ampera-e (rebadged Chevrolet Bolt), Hyundai Ionic and Mini Countryman SE ALL4 has yet to perform. In the luxury segment, Mercedes-Benz outsold Volvo, BMW, and Audi. Tesla remained the best performer in the luxury segment, maintaining its position, owning 10% of the total electric vehicle market in the country. The Toyota Prius, a top performer over the last couple of months in the USA and Japanese markets, is not yet available in the German market and it is unclear if it will be available here.
At this rate, Germany is expected to surpass its 2016 record with about four months to spare, a great achievement for the electric vehicle sector, boding well for global EV sales in 2017.
Please feel free to use the comment section below to share your thoughts on the German EV market and available models.
By unpacking press statements from the world’s top luxury carmakers, BMW and Daimler, over the last eight months it is clear that the Daimler EV strategy will trump that of BMW over the next decade. Up to now, BMW has led the race between the two companies in the EV sector, but the German automaker is failing to capitalize on its position. BMW was first to market with a pure electric vehicle, the BMW i3, which success even surprised itself. This week BMW released its sales data for the first quarter 2017, showing that EVs now constitute 3% of its total sales as EV sales jumped 50%. The Chairman of the Board, Mr. Harald Kruger was quoted saying “We are therefore well on course to delivering more than 100,000 electrified vehicles for the first time in 2017”. The news from the top seems very bullish on face-value but therein lies the problem. BMWs management has been flip-flopping on finding a consensus view on where they see electric vehicles in the future. This week’s news from BMW is in stark contrast from news only six months earlier when the Board grappled with if it should pursue EVs at all.
In September 2016 Reuters reported that the executive of BMW would not attend the 2016 Paris Auto Show as it grappled with its electric car strategy. At the time the company lost momentum against Mercedes and VW who is chasing Tesla. The lack of momentum caused the head of the BMW i8 project to jump ship to Future Mobility, taking most of the core team with him. The executive team remained split on the future of electric vehicles and investing in what is initially a loss making exercise. The top executive team traditionally attend the Paris Auto Show, which is one of the most prestigious events in the industry, highlighting the significance of the board’s action.
The pro-EV block prevailed but despite BMW reaffirming its strategy to pursue the development of electric vehicles the company remained downbeat on the sector. BMW’s Chief Financial Officer, Frederick Eichner, was quoted by Bloomberg saying “We’ve learned that people aren’t prepared to pay a higher price for an electric vehicle. I don’t see some kind of disruptive element coming from electric cars that would prompt sales to go up quickly in the next five to six years.” So its seems that BMW changed its wait-and-see approach to a go-it-slow approach and remained cautious when it came to investing aggressively in the new technology. Where at first the company was a leader in developing the new proprietary technology it now joined most of the other laggards in producing PHEV variants of existing models, with no clarity on when BEV models will be available and how many.
In early March 2017, Mr. Harald Krüger was quoted by Reuters as saying “The fully electric drivetrain will be integrated into our core brands. To achieve this, we are now gearing our architectures toward combustion engines and pure battery electric drivetrains,” as the company plans to include EV manufacturing in its mass production line. Currently, the company’s electric vehicles are assembled at its low-volume plant in Leipzig. BMW will also expand the capacity of its PHEV drivetrain plant in Thailand and fund the cost of the investment in its electric vehicle infrastructure through a production increase in its profitable SUV segment. To ramp up production to meet expected demand for the new Mini Countryman PHEV the company is considering manufacturing facilities for the Mini in Germany, the Netherlands, and the UK. The company also announced that it would start producing its iNext autonomous brand at its Dingolfing plant form 2021. Other models expected from the German automaker is the i8 Roadster PHEV (2018), a BEV Mini (2019), and a BEV X3 (2020). BMW‘s long-term electric vehicle strategy is to have EV’s contribute to between 15% and 25% of its sales by 2025.
Daimler, on the other hand, had the foresight at the start of the cycle to be an early investor in Tesla. The company invested $50 million in the Series E round in May 2009, and have been hailed by Elon Musk for saving the company from bankruptcy in the early years. Unfortunately, Daimler failed to follow the same daring approach it invested in in its own business model and fell behind BMW and Tesla.
Daimler’s passive stance changed in July 2016 when its CEO, Dieter Zetsche acknowledged the technology’s importance and expected an increase in EVs market share of the total vehicle market. The German automaker shifted its strategy to accelerate its efforts to stay abreast of its competitors, Tesla and BMW‘s push to ramp up production in the luxury electric vehicle segment. Within a short space of time, the company announced a massive $11Bln investment to support its electric vehicle strategy up to 2025, unveiled its new all-electric car brand, the EQ (Electric Intelligence) and unveiled a fully electric semi-truck. The EQ brand will develop a host of EV related services and products, not just cars, such as charging stations and battery packs. The first vehicle to come from the brand is targeted at the highly popular SUV segment, a clever move to differentiate the brand in this hotly contested sector. The EQ SUV is said to have a battery capacity of 70kWh providing a range of over 250miles powering two electric motors providing 300kW of power. The production version is expected to be launched in 2018.
In early April 2017 Daimler announced that it would accelerate its $11 billion investment in electric vehicles by bringing it forward with three years from 2025, to 2022. Reuters reported that the automaker’s aggressive stance are the result of it not being able to cut fleet emissions of 123gm CO2/km from 2015 to 2016 in Europe. Europe has set a very stringent target of 95gm CO2/km by 2020. Daimler’s own target for 2020 is 100gm CO2. The German automaker cites the popularity of SUV’s as the reason for it not cutting its emissions for the first time since 2007. Daimler’s success in the SUV segment helped it to regain its dominance over archrival BMW for the first time since 2005.
In May 2017 Automotive News interviewed Mercedes-Benz head of production and supply chain management, Markus Schaefer. When asked how the company is preparing to assemble the EQ brand Mr. Schaefer responded – “We believe the EQ family will represent 15 to 25 percent of our sales in 2025, but at the end of the day, no one can say with certainty how high the share will be. Therefore, we need maximum flexibility, meaning we will integrate the EQ models into the same assembly line as the combustion engine models they will potentially replace. Preparations are on schedule, so our plants should be capable of operating at stable output levels whatever the EV take rates may be. But in order to facilitate this greater flexibility, we also had to adapt our manufacturing.” The capacity to mass produce EVs efficiently through the full-flex plant manufacturing strategy is set to help the company recover the massive investment it will make to get ahead in the EV sector.
Daimler is also investing heavily in charging infrastructure in Europe to facilitate the adoption of electric vehicles. The final proof of Daimler’s strategy will be the early release of a full electric SUV. 2018 is certainly going to be an exciting year for the electric vehicle market.
Note to data: The BMW i3 is listed as a BEV but includes sales for the BMW i3REx, a range-extended vehicle, a PHEV.
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News from the past week shows the that the pendulum is swinging quicker than expected for electric vehicles. The results of two surveys in the UK this week was a clear indication that demand for electric vehicles is much more than most automakers anticipated. Google searches for the electric vehicles has also surged by 127%.
A survey by Venson Automotive Solutions shows that 85% of respondents from a survey in the UK are now seriously considering buying an EV. Reading between the lines, wattEV2Buy finds it significant that range is no longer the deterring factor when prospective buyers are considering buying an EV. For long, most respondents to such surveys cited range as overarching reason for not buying an EV. In the Venson Survey, a lack of charging stations was the biggest reason for prospective buyers to put off the buying decision. In a separate survey by Carbuyer, 61% of respondents said they would not buy diesel vehicles again because of “diesel gate,” the spectacular “own goal” by big auto. Diesel sales were down 9% in the UK for the month of February while plug-in vehicles rose by 49%.
Most automakers have caught on to the shift, but not aggressive enough, while others are being forced to produce plug-in electric vehicles. Labor organizations within Audi have asked management to build more electric vehicles, as some of the factory units fear missing out on the technology will lead to job losses. Hyundai was forced by shareholders to shift focus on Fuel Cell Hybrid Vehicles to plug-in electric vehicles, while Daimler has accelerated its massive $10 billion planned investment in EV’s. All these turnarounds in strategy pale in comparison to that of Sergio Marchionne, FIAT Chrysler‘s CEO, but more Hyundai, FIAT, and Daimler later in the post.
Hyundai admits electric vehicles are an imperative. During the Los Angeles Auto Show in 2016, the company said that it planned to have 14 new alternative vehicles in the US by 2020. The planned product mix include’s four plug-in hybrids, four electric and one hydrogen fuel cell model. Thursday Mr. Lee shed some more light on the company’s plans, indicating that the first fully electric vehicle planned for next year would be a small SUV. According to Mr. Lee, the SUV would have a range of 185 miles (300km). Although the company is developing its own dedicated platform, it can’t say when it would be ready. The platform is modeled after that of Tesla, with the batteries in the floor, allowing for more battery capacity and cabin space. It is clear from the announcement that the company is aggressively trying to catch up on lost ground.
Hyundai now expects the EV market to be around 10% of the global fleet by 2025, at which point Fuel Cell EV’s will take off. Hyundai’s luxury brand, Genesis also announced today that it would introduce a PHEV by 2019 and BEV by 2021.
With the run-up to the Formula E to be held in Mexico City today, Ferrari came out in support of the event. FIA’s Auto magazine quoted the CEO of FIAT Chrysler, one of the auto industries biggest naysayers of EV’s, Sergio Marchionne as follows in an interview:
“The first is that we need to be involved in Formula E because electrification via hybridization is going to be part of our future.”
“We have already developed a hybrid supercar, La Ferrari,” he said, “and on future Ferrari models we will leverage new technologies as well as electrification.”
And this from a man that came out vehemently against the technology, saying it will never catch on.
Daimler this week, after a board meeting in Berlin, announced that it would accelerate its $11 billion investment in electric vehicles by bringing it forward with three years from 2025, as announced last year to 2022. Reuters reported that the automaker’s aggressive stance are the result of it not being able to cut fleet emissions of 123gm CO2/km from 2015 to 2016 in Europe. Europe has set a very stringent target of 95gm CO2/km by 2020. Daimler’s own target for 2020 is 100gm CO2. The German automaker cites the popularity of SUV’s as the reason for it not cutting its emissions for the first time since 2007.
OSVehicle provides an open-source platform to hobbyists and other start-ups. Customers can have a full EV platform, the Tabby EVO, shipped between $12,500 and $19,500. OSVehicle claim start-ups can save $2 million and 3-years in Research and Development by going the open-source route. The open-source platform enables for larger disruption in mobility options using electric vehicles. Imagine adding George Hotz’s self-driving car kit which he plans to market through his company comma.ai at a price of $1,000, and you can build your own “ai-chauffeur” driven zero emission vehicle.
GM aims to use OSVehicle to develop its EDIT modular self-driving car based on the Chevy Bolt M1 platform. The decision was influenced by the ability of modular platforms to extend the lifespan of heavy use vehicles, such as ride sharing and hailing applications. OSVehicle‘s Yuki and Tin Hang Liu claim that through the use of modular architecture, car fleets can last ten times longer by enabling seamless hardware upgrades of self-driving and connected car technologies.
Picture: Genesis Concept introduced at New York Auto Show
Battery Electric Vehicles (BEV), also known as pure electric vehicles, has outsold plug-in hybrid electric vehicles since the start of the decade. Intuitively one would have thought that because of the high cost of battery cells at the onset of electric vehicles that Plug-in Hybrid Electric Vehicles (PHEV’s), such as the Toyota Prius, would have been the best first step to enter the market, which the company initially did until it abandoned the technology. Traditional auto manufacturers (Big Auto) in general did not take electric vehicles seriously, leaving the task to start-ups such as Tesla to develop solutions for the consumer. In the auto industry, it is easier for new entrants to enter with new technology than compete with Big Auto, churning out engines from plants which cost has already been recovered. Thus leaving Big Auto at a disadvantage as they have to invest in research and infrastructure, playing catch up with the disruption.
The big driver’s behind the performance of BEV’s has been:
It is expected that the trend for BEV’s should remain favorable as technology and cost improvements and more automakers plan to bring BEVs to market by the end of the decade. Analyzing the Top 10 EV markets, which represent over 90% of all EVs sold, however, show the opposite. Surprisingly, at closer inspection, PHEV’s are gaining on BEV’s in the majority of the Top 10 EV markets. In our study below we compare the proportion of BEV’s to PHEV’s in the Top 10 EV markets by plotting all EV’s sold from the start of the decade to EV’s sold since 2016, when most automakers changed their electric vehicle strategies. (For more detail follow the links to the different countries for a complete breakdown of sales per model and year in that country).
Chinese BEV’s, not always the most beautiful looking cars, have performed very well since the start of the decade and even more so over our test period from 2016. There are only three PHEV’s of any value worth mentioning in China, namely the BYD Qin, BYD Tang and SAIC Roewe 550, which combined sales accounted for around 18% of all EV’s sold since the turn of the decade. 2016 for the first time saw larger sedans taking over from the micro BEV’s, with the BYD e6, BAIC EU260, and Geely Emgrand entering the Top 4 list in the country. It is clear that with aggressive government support sales for BEV’s are ever increasing in the world’s Top market for EVs.
The home of Tesla and compliance vehicles, the USA, is the second largest market for electric vehicles. Stripping out Tesla, which accounts for nearly 40% of all BEV’s sold in the country will provide a completely different picture than above, where the BEV and PHEV ratio mirrors a presidential race. Most Big Auto brands are represented in the country, and when we say country, we can be forgiven to say California, where it’s Air Resource Board developed the Zero Emission Vehicle Program, targeting 15% of all vehicles to be ZEV’s by 2025. The ZEV Program supports the adoption of BEV’s by forcing automakers to sell a certain percentage of Zero Emission Vehicles. The ZEV program has been adopted by nine other states, which in total account for around 30% of all new vehicle registrations in the USA. The result is that even automakers with no EV strategy, including Fiat Chrysler, are selling what is called “compliance vehicles,” being converted plug-in variants of existing models, such as the Fiat 500e and Chrysler Pacifica. GM has also been labeled a compliance company by some, even though it introduced the first mass-market EV, the Chevrolet Bolt. The argument against GM is that it only released the Bolt it the ZEV States while it produces an uninspiring amount of 30,000 vehicles. On the other hand, GM is supporting the fight against clean air regulations and Tesla‘s direct sales model, effectively trying to halt the progress in the EV sector.
Japan, the fourth largest of the Top 10 EV markets, with China, is one of the few countries in the Top 10 list where BEV’s are outselling PHEV’s. In the case of Japan BEV’s contributed to around 75% of all EV’s sold. The country is however not the best example of expanding BEV sales. Only three brands contribute to over 90% of the sales through four models, namely the Nissan Leaf (EV), Mitsubishi Outlander (PHEV), Mitsubishi i-Miev (EV), and Toyota Prius (PHEV), which production was halted in 2015 for re-release in 2017. No great analytical deduction can be made other than a 40% increase in Nissan Leaf sales and 50% drop in Mitsubishi Outlander sales in 2016 resulted in the shift in favor of BEV’s.
The Netherlands is a big hope for the EV sector. The country targets an 100% electric fleet by 2025. However, the data don’t really show encouragement for zero emission vehicles in a country one would have guessed would be ideal for BEV’s due to the relatively short distances within its borders ( sorry if this does not sound very Euro-centric). BEV sales have stagnated since 2013 with the Nissan Leaf and Tesla making up most of the market. The EV’s sector is dominated by PHEV’s from Volkswagen, Audi (also VW), Volvo, BMW, and Mitsubishi. The Mitsubishi Outlander PHEV is a big hit, cornering nearly 25% of the EV market in the Netherlands. The country also has the highest international sales of the Mercedes C350e, Volkswagen Passat GTE, Volvo XC90 T8 and V60 PHEV.
In France, the home of Renault, Citroën, Bolloré, and Peugeot is number six on the list of the Top 10 EV Markets. Here, PHEV’s have gained slightly on BEV’s but are still only 20% of all EV’s sold, while EV’s represent 1.4% of all vehicles registered in 2016. The high percentage of BEV’s is a clear indication that French automakers were more progressive in accepting electric vehicles at the turn of the decade. France also has the highest number of commercial electric vehicles, just over 15% of all EV’s, with the Renault Kangoo being the delivery vehicle of choice. France also has one of the biggest range of EV models available to the consumer, with over 50 models recorded in its official sales data.
The UK market is much more excepting of PHEV’s with the trend increasing in the last year as more models are becoming available. The UK is another strong market for the Mitsubishi Outlander, where the Japanese vehicle represents nearly 30% of all EV’s sold. The world’s seventh biggest market for EV’s is also a great offset point for Germany. UK Sales for the BMW 330e is the highest in the world and sales for the Mercedes C350e is a couple of units short of the that of the Netherlands, which has the world’s most at 5,754 units. Publicly and reliable sales data for the UK is difficult to get hold of, with only the Top 5 models available up to December 2016, making a proper analysis difficult.
It would be surprising not to see PHEV’s beating BEV’s in the world’s 8th largest market for EV’s. Germany is home to BMW, Mercedes and VW, all brands that missed the boat on electric vehicles, now trying to catch a fast train on the back of PHEV’s. The three charts above clearly show how the release of plug-in hybrid variants of existing models since 2014 helped increase the sale of electric vehicles. Like in other European markets, the consumer is spoiled for choice in Germany.
Sweden, number nine on the list of the Top 10 EV Markets and the home of Volvo also shows a big affinity for PHEV’s. The Mitsubishi Outlander again has a significant portion of the EV market, with a 25% market share of all EV’s sold. There is a significant drop between the number eight position of the Top 10 EV Markets and that of the ninth, with a 50,000 unit drop from 80,000, leaving very little to write home about. None the less Sweden commands the fourth position on the list of EV’s as a percentage of total vehicle registrations, with 3.5% of all new vehicles registered to be an EV in 2016.
Canada in many ways mirrors the USA in trends, obviously at a much smaller scale. Just five models represent nearly 75% of all EV sales in the country, being the Chevrolet Volt, Tesla Model S, Nissan Leaf, Tesla Model X and the Smart ForTwo ED. The popularity of the Smart ForTwo makes it clear why Daimler decided to only sell electric versions of the micro car in the country.
Saving the best for last. Norway, the darling of the EV sector, number three on the list of Top 10 EV markets and number one the list of EV as a percentage of new vehicle registrations. The country is now officially a growth market, reaching the take-off point for the technology, and a clear example of our thesis that PHEV’s are gaining on BEV’s. EV sales in Norway as a percentage of the total fleet for the year 2016 was at a record 29.1%. The prospects for 2017 looks even better, as in January the percentage of EV’s registered achieved a record-breaking 37.5%. At the same time, PHEV’s outsold BEV’s for the first time. Looking deeper into the data and drilling down into the model mix two things are starting to emerge, namely:
We can expect this trend to continue until there is a wider choice of BEV models for the consumer and charging infrastructure expanded. Let’s hope that this trend is not just another way for Big Auto to hijack and derail the drive to zero emission vehicles. In the meantime we should be grateful, that although not hardcore, PHEV’s still introduce new drivers to the pleasure of driving in full electric mode, thereby making them want a BEV next time they buy.
Notes on the data used for the study:
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Top 5 EV News Week 32 2020 | Cadillac Lyriq unveiled. Yet another Chinese EV startup IPO. Three new EV models launched this week.
Top 5 EV News Week 31 2020 | Successful IPO for CHJ Auto, Kandi finally enters the USA, Mitsubishi pays the cost for failing EV strategy.
Top 5 EV News Week 30 2020 | Chengdu Auto Show, Hozon Neta IPO, VW invest in China, eVito Tourer for sale
Bloomberg printed an article this week named “The Electric Car Rush Started Too Early” following BMW‘s release of its financial statements, showing a profit margin of only 8.9%, which was the lowest since 2010. The reason for the pressure on some automakers bottom line is the heavy investment required in research and development for the strategy shift towards new mobility trends, including autonomous vehicles, electric vehicles, connected (focus on secure), and shared mobility options. In BMW‘s case, the investment so far is $4.3 billion. The article also criticized EV’s real environmental cost by the hand of a graph (below) from the website shrinkthatfootprint.com showing that EV’s carbon emissions, when charged from coal, can be as much as four times higher than when charged from green sources such as hydro and other renewables.
Next EV‘s CEO announced this week that it plans to commercially launch an affordable Level 4 Autonomous electric vehicle in the USA by 2020. The model will be released under the company’s newly minted NIO brand. NIO is partnering with Israeli Mobileeye (camera-based autonomous systems), Nvidia (AI chip) and NXP semiconductors on the autonomous system.
Another significant investment this week was by the Shanghai Listed Far East Smarter Energy Group in the UK based Detroit Electric. The investment totaling £1.5 billion will eventually lead to the creation of 400 jobs at the company’s Leamington Spa facility for the production of its SP:01 EV.
Although light on new commercial electric vehicles the Geneva Motor Show this week offered some great eye candy in the form of new concept vehicles, which included:
Nissan announced the unveiling of the new version of its popular Leaf EV expected in September, with commercial sales shortly after that. The Leaf is expected to have a range of 200 miles and some autonomous driving ability through its ProPilot system.
On the regulatory front. In the east a ministerial meeting was called in India, chaired by the finance ministry to setting standards for the country’s electric vehicle future. In the west, the British Budget failed to give anything new to the electric vehicle sector. Some market observers expected guidance on emissions and carbon taxes. Chancellor Hammond did, however, confirm £270 for EV’s AI and robotics.