Top 5 Electric Vehicle News Stories of Week 1 2017
TOP EV NEWS #1 – FARADAY FUTURE UNVEILS FF91
Faraday Future unveils its FF91 at the CES 2017 in Las Vegas. The FF91 presented great gimmicks but Tesla Killer it ain’t. In all fairness, the company claims that the vehicle is a production model, but it yet has to deliver a single working version as the two cars presented to the media were only Beta versions. The company’s demonstration also went horribly wrong and removed the video of it and replaced it with an edited version. Fortunately the original has been downloaded by various media outlets for posterity. Follow the link for the alternative reality as opposed to the company’s reality below.
TOP EV NEWS #2 – FORD ELECTRIC VEHICLE STRATEGY
Ford’s electric vehicle program announced this week, although sounding impressive, falls short of delivering a punch for the sector. The company unveiled seven electrified models to reach the market in the next five years with a further six to follow. The automaker will also invest $700 million in upgrading their Michigan plant for electric and autonomous vehicle production, adding 700 direct new jobs. The press release clearly aims to impress President Donald Trump as the company also scuttled plans for a $1.6Bln plant in Mexico. The reason why we see Ford’s announcement as underwhelming is that the company is clearly just towing the line according to regulations since all the model’s bar one would be plug-in hybrid’s, a trend which has surely run its course. Die hard Ford enthusiast would be happy with PHEV versions of the Mustang, F-150, a hybrid autonomous model, two police vehicles and Transit Custom taxi/delivery van. The only Battery Electric Vehicle is a Small Utility with a range of 300 miles.
TOP EV NEWS #3 – 400kW CHARGING STATION
ChargePoint, a manufacturer of charging stations and adapters unveiled a water-cooled 400kW DC fast charger, the Expres Plus at the 2017 CES in Las Vegas this week. The Express Plus would be available from mid-2017 in both CCS and CHAdeMOstandards and would add 100 miles range in just 15 minutes. To put the significance in perspective automakers qualify ultra-fast chargers from 350kW and above, with Tesla‘s industry-leading supercharger being 145kW.
TOP EV NEWS #4 – KPMG GLOBAL AUTOMOTIVE EXECUTIVE SUMMARY
KPMG’s 2017 Global Automotive Executive Survey leaves us dumbfounded as an overwhelming number of executives still see Battery Electric Vehicles fail and Fuel Cells to be the real deal. The report, however, identifies Battery Electric Vehicles as the key trend up to 2025 as regulatory pressure pushes awareness of the technology. A telling figure though is that amongst downstream players, such as auto dealers, Battery Electric Vehicles are second only to connectivity and digitalization, again proving the reluctance of dealers to push the technology.
TOP EV NEWS #5 – NEW EV START-UP RIVIAN MOVES INTO PLANT
An Illinois-based start-up Rivian Automotive moves into old Mitsubishi plant which it closed with a full loss of employment opportunities to the Normal County in 2015. The newcomer hopes to invest $175 million in developing electric and autonomous vehicles which would create employment opportunities for 1,000 people. Rivian announced that it would unveil its first model later this year and start production in 2019.