TOP EV NEWS #1 – UBER TO BOOST ELECTRIC VEHICLE MARKET
Increased support by ride-hailing companies such as Uber and Ola are becoming a big impetus for EV sales globally. This week Uber launched a program to incentivize many of its drivers to switch to electric vehicles. The program, driven by Uber owned leasing company, Xchange Leasing targets leasing up to 10% of all vehicles in Oregon as electric vehicles by 2019. The program follows on similar efforts in other countries by the company. In London, Uber is building a charging network to support a fleet of 150 electric vehicles, in Cape Town and Johannesburg the company deployed a fleet of BMW i3s on its uberGreen platform. UberGreen projects are also piloted in Lisbon, Madrid, and Paris. Uber is estimated to employ over a million drivers globally via its platform, a target of 10% will add a 100,000 electric vehicles, or just under 5% of the current EV fleet.
Other ride-hailing companies, such as the Softbank backed Ola in India, started to include electric vehicles in their business models. Ola CEO, Bhavish Aggarwal last week announced a pilot project for a large-scale rollout of electric vehicles. Ola’s pilot project includes thousands of EVs and a charging network. An indication of the magnitude of the project can be gleaned from a statement by Softbank Chairman, Masayoshi Son, made in December 2016, saying that Ola will roll out a million EVs over a five year period.
TOP EV NEWS #2 – CALIFORNIA TO TAX ELECTRIC VEHICLES
Various states in the USA had recently levied taxes or fees on electric vehicle owners, and more are expected to follow. The trend, which some claim to be a bid to recover investments in electric vehicle adoption and infrastructure, or due to pressure from lobby groups opposing electric vehicles. The most recent, and most surprising have been California, which will start levying a fee on electric car owners from 2020. Almost 50% of all electric vehicles in the USA is sold in California, and the state has been a big promoter for the adoption of the technology. The fee will consist of a $100 registration charge and an annual tax based on the value of the vehicle.
The fee, which the California legislature says is to fill the gap it would lose from lost gasoline taxes, in our opinion will not have a negative impact on EV sales when it is introduced in 2020. By the turn of the decade, EV prices will be very affordable, and the total cost of ownership is expected to remain below that of combustion vehicles.
TOP EV NEWS #3 – EVs AT THE NEW YORK AUTO SHOW
The New York Auto Show, from 14 April to 23 April, showcases all 30 electric vehicle models available in the state. Electric vehicles at the new York Auto Show 2017 includes the Plug-in Honda Clarity, Mercedes-Benz AMG GT Concept, and the Lucid Air, a luxury sedan which achieved an eye-watering 217mph on a recent test run.
New York recently announced a $2,000 rebate, totaling $55 million, as part of a $70 million incentive by Mayor Cuomo tp promote the adoption of electric vehicles. The state targets a goal of 40% emission reduction by 2030.
The BMW i3 was awarded the title as the World’s Best Urban Car, beating the Citroen C# and Suzuki Ignis.
TOP EV NEWS #4 – EVs AT SHANGHAI AUTO SHOW
The Shanghai Auto Show starts this week on the 21st and will run until the 28th of April. Electric vehicles at the show will include the Bentley EXP 12 Speed 6e, the Skoda Vision E-SUV Coupe, Buick Velite 5 PHEV which is based on the Bolt, the NIO EVE autonomous vision by NextEV, SAIC Roewe i6 compact, VW Concept SUV, and the Hybrid Kinetic H600. Also at the Shanghai Auto Show would be Isreali and Chery JV company Qoros, which will unveil the Qoros Model K-EV, built on the same hybrid electric powertrain as the Koenigsegg Regera supercar. Do you also find that the naming of the model is eerily similar to that of Tesla?
Volvo is also expected to unveil the Volvo XC40 at the Shanghai Auto Show, its latest PHEV SUV, which aims to compete with the Audi A3, Mercedes-Benz GLA and BMW X1.Volvo this week announced that it will produce its first electric vehicle in China, ready for the international market by 2019. Volvo is owned by Chinese automaker Geely since its acquisition from Ford in 2010. Geely last year launched a new brand, Lynk & Co, and accompanying model the Lynk & Co 01 SUV PHEV. Volvo will manufacture its new electric vehicle at the same plant as the Lynk & Co 01 SUV in southeast China. Volvo 90 and 60 series are also manufactured in China.
TOP EV NEWS #5 – APPLE TO TEST SELF-DRIVING CAR
Apple joined the growing number of companies authorized to test autonomous vehicles on California’s public roads. Tech companies have recently encroached on automakers territory, with 11 of the 21 companies on the list of permit holders authorized by the California DMV now being from the sector. Uber, a tech company, lost its permit in February 2017.
According to the permit Apple, based in Paulo Alto, is allowed to test three 2015 Lexus RX450h vehicles on public roads. According to the rules of the autonomous testing program, each vehicle should have two drivers, usually engineers, at all times in the vehicle.
It is not yet clear what Apple’s self-driving strategy is, news over the last two years have been conflicting, ranging from the company either following the Google route of not building car’s but only systems to the Tesla route, building an Apple iCar. The world’s most valuable tech company tagged its self-driving efforts as Project Titan.