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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Top 5 Electric Vehicle News Stories Week 8 2017

Top 5 Electric Vehicle News Stories Week 8 2017

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ONE

The disruption caused by the threat of electric vehicles is finally hitting home, and in no other week has pushback by the proxies of the affected parties been so prominent than the past week. The efforts to block the march of electric vehicles has reached new heights as old foes Big Corn, and Big Oil agreed to work together in defending the transportation fuel sector. Reuters reports the Renewable Fuel Association (AFR) and American Fuel and Petrochemical Manufacturers (AFPM) will target electric vehicle incentives to “level” the playing fields. We hope the AFR and AFPM remember all the subsidies and support they received over the years to “level” the playing fields. 

In the USA report by the Sierra Club, a respected environmental association, reported on the drive by various States to penalize electric vehicle owners. The report speculates that the efforts, already successful in ten States and considered in a further six, is backed by the Oil Industry. Only four States have been successful in blocking the attack. Penalties in the form of fees varying between $50 and $300 per year are levied on drivers. In a separate effort, the Alliance of Automobile Manufacturers asked the newly Trump appointed Environmental Protection Agency Tsar, Scott Pruitt, to withdraw the Obama era agreed on 54.5MPG emissions benchmark required by 2025. The AAM’s reasoning is that achieving the standard is too costly and that the consumer’s demand is not there to support such a stringent rule. Really? Our question to the AAM is how can the consumer demand something if the supply of something else is stuffed down their throats?

In Hong Kong, a mainstay market for Tesla, the Financial Secretary in his budget announced that the 20-year-old tax incentive for first time EV registrations would be scrapped, and the tax discount on electric vehicles be capped at around $12,500. The result is that the cost of a Tesla Model S could nearly double in price. The move is in a bid to limit overall car ownership.

TWO

Following on the news three weeks ago that Scotland Yard would acquire electric vehicles for operational purposes the Swedish Police announced the testing of electric vehicles to phase out all fossil fuel use by 2030. Ten cars are tested in three cities in the country. The test would be to utilize the cars as administrative vehicles.

THREE


Porsche
will unveil a powerful Panamera E-HybridVarious auto manufacturers this week teased their hybrid and electric vehicle lineup for the Geneva Auto Show to be held from the 9th to 19th of March 2017. The vehicles include:

  • The Chinese start-up Techrules will unveil its Supercar, the GT96;
  • Toyota will reveal it’s I-Tril concept, speculated to be a three-wheel city vehicle; and
  • Renault is said to reveal a new electric vehicle

FOUR

Waymo filed papers aginst Uber for stealing its Lidar technology developed in its self-driving project. The case relates to a former employee, Anthony Levandowski downloading files from Google’s servers before joining the autonomous trucking company Otto, which was acquired by Uber in 2016.

FIVE

SEAT, the Volkswagen-owned auto manufacturer will display an electric vehicle prototype at this week’s Mobile World Congress in Barcelona, Spain. The vehicle includes it’s Digital Access technology, replacing a key with a mobile phone. The first pilot will kick-off at its factory in Spain, using employees. Connectivity and the Internet of the Vehicle are bringing the world of mobile ever closer to the auto sector.

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