Top 5 Electric Vehicle News Stories of Week 30 2017

Top 5 Electric Vehicle News Stories of Week 30 2017

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TOP EV NEWS #1 – FIVE NEW EVs LAUNCHED THIS WEEK

This week saw the launch of five new entrants to the electric vehicle market, three of which go on sale in the coming month and two available on pre-order.

The most anticipated release is, of course, that of the Tesla Model 3, which was held on Friday the 28th of July when the first 30 cars were handed over to their owners. The Tesla Model 3 is already sold out for the next year as over 400,000 people have placed the $1000 deposit for the pre-order. Tesla announced the specification and price of the Tesla Model 3 at Friday’s event. The mass-market EV is available in a standard and long range version, the standard with a range of 220 miles priced at $35,000 (before incentives) and a long range version for $9,000 more extending the range to 310 miles. A fully loaded Model 3 with all the bells and whistles will set you back around $60,000 before incentives. See the full spec-sheet here.

This week also saw the release of the first fully electric Sports Utility Truck, the Bollinger B1. The B1 is available on pre-order, but no price has been set for the no-nonsense all-electric SUT.

A German start-up Sono Motors unveiled its Solar EV, the Sion. The Sion has a range of  250km plus integrated solar that will provide a further 30km per day. The Sion is available for pre-order starting at €500 but only expected for release in 2019. The price for the Sion is set at €16,000 and excludes the battery which could either be leased or purchased at present value price of around €4,000. Production of the Sion is funded through a crowd funding campaign commencing on the 18th of August 2017 with test-drive events around Europe through to October 2017 to be held in 11 cities in 7 countries.

In China, the SAIC / GM / Wuling joint venture, Baojun launched its first electric vehicle, the Smart look-alike Baojun E100 city car. GAC also released its much anticipated GAC GE3 SUV BEV. Both vehicles will go on sale in August. The Baojun will sell for CNY35,800 ($5,300) and the GAC GE3 starting at CNY 150,000 ($22,200).

In related news, FIAT Chrysler and (former) EV naysayer, Sergio Marchionne, this week announced during an Investor event that all cars of its luxury marque Maserati would be electrified post-2019. Mr. Marchionne went further stating that half of Fiat Chrysler’s lineup, including Alfa Romeo, will be electric from 2022. The strategy will be formulated over the next year as the company enters its 3rd five-year plan in 2019.

Top 5 Electric Vehicle News Stories of Week 30 2017

TOP EV NEWS #2 – TOYOTA PERSUING SOLID STATE BATTERIES

A Reuters report lifted the veil on Toyota’s electric vehicle plans further this week. The Reuters report claims the Japanese automaker is developing a new electric vehicle platform, based on solid state battery technology to enter the market in 2022. The advantage of solid state battery technology is that it addresses range and charging shortcomings of current lithium technology.  A solid state battery can be charged in only a couple of minutes and has more storage capacity for longer range. Toyota, which has been lagging in the EV race is set to enter the EV market in China from 2019 with a mass market SUV based on the C-HR SUV. The C-HR EV will be developed using current lithium technology. Other automakers pursuing solid state batteries includes BMW who has set a 10-year plan to bring solid state EVs to market.

toyota-c-hr

TOP EV NEWS #3 – USA SELF DRIVING ACT PROGRESSING

The US House Energy and Commerce Committee this week advanced legislation designed to keep autonomous vehicles safe and promote the advancement of the technology. The self-driving act is billed as the PAVE Act, which expands the existing authorization of the National Highway Traffic Safety Administration to evaluate exemptions from federal motor vehicle safety standards only if there is no reduction in safety and increases the number of vehicles for which exemption may be granted. The exemption will help the advancement of the autonomous driving development by allowing the industry to collect data and help Government to recall self-driving cars for safety reasons. The act is becoming increasingly important as more and more companies and states get involved in the testing of self-driving technology. Ride hailing company, Lyft, this week announced that it formed a self-driving division and will establish a self-driving research facility, named Level 5 in Palo Alto, California.

TOP EV NEWS #4 – MERCEDES TO ENTER FORMULA E

While the 3rd season of the Formula E is ending this weekend in Montreal, Canada with Renault e.dams set to win it for the third season in a row, two racing car heavy weights this week announced that they would join the series in the 6th season from 2019. Porsche announced this week that it would quit the Le Mans race and join Formula E, following sister company Audi who left the well known 24-hour race in October 2016. The other automaker to join the Formula E circuit was Porsches’ German compatriot and recent Formula 1 champion, Mercedes, who also announced this week that it will join the 2019 series, leaving the Deutsche Tourenwagen Masters to help with funding its participation in the emerging EV racing franchise.

TOP EV NEWS #5 – SHELL CEO BUYS INTO EVs

CEO of Royal Dutch Shell Plc, Ben Van Beurden, told Bloomberg in a televised interview that he is ditching ICE vehicles and buying an electric vehicle, all be it a plug-in hybrid Mercedes Benz S500e. The companies CFO already owns a BMW i3. Mr. Van Beurden said “The whole move to electrify the economy, electrify mobility in places like northwest Europe, in the U.S., even in China, is a good thing. We need to be at a much higher degree of electric vehicle penetration — or hydrogen vehicles or gas vehicles — if we want to stay within the 2-degrees Celsius outcome.” He went on saying “If policies and innovation really work well, I can see liquids peaking in demand in the early 2030s and maybe oil will peak a little bit earlier if there’s a lot of biofuels coming into the mix as well.”

The statement comes in the wake of the UK Government’s announcement that it will ban the sale of ICE and PHEV from 2040, joining countries like France, India, and Norway in such a move.

Shell is preparing itself for the shift away from fossil fuels by spending $1 Billion a year in its New Energies business unit.

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Traum Auto, another new vehicle brand chasing the Chinese dream

Traum Auto, another new vehicle brand chasing the Chinese dream

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TRAUM AUTO TO FOCUS ON THE YOUTH SEGMENT

GoTo Traum EV Models to see the latest models, news, and sales.

The latest auto brand coming from China, Traum Auto from the Zotye stable, was officially launched on the 27th of June 2017. The company is registered as Traum New Energy Automobile and will be headquartered in Hebei Province. The new Chinese auto brand will use Zotye’s Chongqing plant for its vehicle production. Traum is the German word for “Dream” and judging from the pace of growth in the Chinese auto sector the Chinese Dream is to have a vehicle, more particularly an SUV.

The new Zotye brand is focussed on the aspirational youth segment in the fast-growing Chinese economy. Most automakers globally struggle to attract the younger generation to show interest in owning vehicles as mobility trends change. In the USA only around 20% of the youth in a 2012 survey showed any interest at all in getting a drivers license. In the Japan Toyota discontinuing its youth brand Scion at the end of 2016.

 

Will Traum Auto develop electric vehicles?

Traum Auto, very much like another newcomer Yudo Auto, is zooming in on the SUV segment as it plans to release eight SUVs in the next three years and only one sedan or hatch vehicle. Other than Yudo which will only produce electric vehicles, Traum will produce vehicles with an original design and advanced power plants over the whole spectrum of HYBRID, PHEV and BEV technologies leveraging on Zotye’s knowhow. The company targets efficiencies for its hybrid vehicles of 4liter/100km and plug-in hybrids of 2l/100km and BEV with a range of 550km (340 miles).Traum Auto Model release

 

Traum has more than one German connection.

Traum Auto aims to develop connected car’s packed with the latest technologies and will kick off with a five and seven seater SUV as early as November this year.

Being in step with its target market Traum Auto will use new sales channels to distribute its vehicles. China has embraced e-commerce and other Chinese automakers such as Geely has already switched to online delivery channels away from the physical dealership model. China’s most popular city EV, the Geely Zhi Dou D2 EV is sold exclusively through experience centers, Geely’s Tmall.com store and new energy vehicle online platform Diandong.com. Traum Auto will, however, must have some physical presence close to its clients as it is still tied to regular servicing of combustion engines. 

Traum Auto has named Song Jia as its CEO and gained the skills of Benedek Toth as its designer. Benedek Toth worked as Senior Designer at Mercedes-Benz’s RDNA Advanced Design in California. Do you see the Mercedes connection in the Traum models rendered below? We would love to hear your thoughts in the comment section.

Traum Auto Models

Pictures: autoreview.ru

Be sure to check out our new presentation of all EVs since 2010 to gain great insights on all auto brands and their electric vehicle strategies. We have also created presentations per technology type BEV, PHEV, and FCEV.

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.

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Top 5 Electric Vehicle News Stories of Week 17 2017

Top 5 Electric Vehicle News Stories of Week 17 2017

#1 – Peak in oil due to EVs confirmed by Big Oil

Record breaking sales in the first quarter of 2017 reaffirm the trend set by the healthy sales growth experienced in the sector during 2016. All expectations are that 2017 would even be better and that the deluge of new models reaching dealership floors by the end of the decade will sustain the growth into the next decade, causing many stakeholders to adjust their forecasts upwards. We have covered most of these forecast adjustments, but the one sector that is forever dissing the sector, Big Oil, has as recent as Week 9 2017 maintained that the disruption caused by EV’s is overstated.

Finally, this week during the Bloomberg New Energy Finance Conference voices from the sector came out signaling that EV penetration will hurt oil demand. Total SA’s Chief Energy Economist, Joel Couse, projected that the impact of electric vehicles would cause the demand for oil to flatten or even decline by 2030. The CEO of Royal Dutch Shell shared the same sentiments recently as the company trimmed their forecasts, indicating that oil demand my peak by the late 2020’s. The reasoning behind the shift in outlook is sparked by electric vehicles being able to compete with combustion vehicles in both performance and price as battery prices decline.

Michael Liebreich, the founder of Bloomberg New Energy Finance, pointed out that there would be 120 models across the spectrum by 2020. He was quoted further saying what we already know – ”These are great cars. They will make the internal combustion equivalent look old fashioned.”

electric car news

Picture Source: Bloomberg New Energy Finance

#2 – VW continue to see electric vehicles only as a niche going into the next decade

The recent surge in Tesla‘s share price, which is close to the first target of $320 called by wattEV2Buy on the 3rd of April, has put a spotlight on traditional vehicle manufacturer electric vehicle strategies. VWs CEO, Mr. Matthias Müller, this week reprimanded the media for getting too carried away with the “New Beats Old” storyline. Mr. Müller was quoted by The Financial Times at the Vienna Auto Show on Friday, responding to Tesla‘s surge – “This has little to do wth the reality on our streets. The VW Group produced 10.3m vehicles last year – Tesla around 80,000, and the fact is, electric mobility continues to be niche. VW only see’s that one out of four of its vehicles would be electric by 2025.

The world’s largest automaker will spend around €20bn by 2022 on cleaner engines, of which only 45%, or €9bn, would be on alternative drive tech, which at least is a trebling over the amount of only €3bn spent over the last five years. The €9bn budget is less than the €11bn earmarked by fellow German automaker, Mercedes, over the same period. Analysts have been concerned over certain automakers conservative electric vehicle strategies in the face of Tesla and Chinas dominance in the sector.

#3 – Bollore exits the electric vehicle sector

The French industrialist, Vincent Bollore, one of the pioneers of the current electric vehicle revolution announced that he would retreat from the sector. Bollore introduced some of the first car-sharing schemes at the start of the decade, using its own vehicle the Bollore Blue Car, It created a second car, the Bollore Blue Summer, but contracted it out to Citroen, which sells it’s as the Citroen Mehari. Mr. Bollore cited that he can’t compete with only one car in the market as more and more players crowd it. Bollore will focus on its strengths, being battery technology, and will apply it in its grid storage and mass transit vehicles. Those who follows the data for France in our Global EV Sales section would have noticed that hardly any Blue Cars were sold in the country this year. Bollore uses a Lithium Metal Polymer Battery, which is not suited for cars, as the chemistry consume electricity even when off.

#4 – India to go all electric by 2030

India is set to introduce policies and support the country’s electric vehicle industry for three years as it targets to have a 100% electric fleet by 2030, in a bid to save on fuel import cost. The announcement was made by the country’s Energy Minister, Mr. Piyush Goyal at the CII Annual Session in New Delhi.

#5 – Tesla shareholder to unveil its own electric vehicle

Tencent-backed Future Mobility is set to unveil its concept vehicle this year with the intent on starting production in 2019. Tencent recently acquired a significant stake in Tesla by purchasing 5% of the US companies stock in the open market, making one wonder how it will impact on the investment with which it aims to compete. The concept vehicle is said to be a midsized SUV priced around $45,000. Chinese internet companies such as Tencent and Baidu are increasingly becoming active in the vehicle market as the bounds between cars and vehicle are falling away. Baidu introduced it’s Appollo self-driving platform last week, opening it up to developers to join in its development.

Top 5 Electric Vehicle News Stories Week 10 2017

Top 5 Electric Vehicle News Stories Week 10 2017

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ONE

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 BMWs 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.

TWO

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.

THREE

The Mercedes parent, Daimler AG invested in ChargePoint, the operator of a network of charging stations. The investment is in line with the German automakers push into electric vehicles.

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.

FOUR

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.

Techrules from China unveiled their four wheels three seater production sportscar, the Techrules REn, which features range extender technology.

FIVE

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.

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Tesla tops customer survey

Tesla tops customer survey

Tesla voted the consumers darling in the Consumer Reports Annual Owner Satisfaction Survey with 91% Tesla owners responded with a “Definitely yes” when asked if they will buy the brand again. Second with only 84% was Porsche. The bottom quartile included brands such as Jeep, Nissan, Fiat, and Volkswagen, which dropped eight places. The survey included over 300,000 vehicles. Can the States who is refusing Tesla’s direct selling model, naysayers, and auto dealers refusing to get behind electric vehicles please respond to this? For the complete list follow the link.