Electric Vehicles Global News
The PTOLEMUS research team is tracking important developments around electric vehicles on a daily basis. We are also looking at related issues like the decarbonisation of transport. Take a look here to see some of the latest news on electric vehicles.
|BMW recalls 83 vehicles of electric cars with models i4 eDrive40 and i4M50. It is believed that a manufacturing default has led to its fire. The battery cells were provided by Samsung.|
|UPTO $40,000 IN INCENTIVES MAYBE PROVIDED TO ELECTRIC TRUCKS IN USA||29/07/2022|
|Inflation reduction act 2022 may provide benefits to electric trucks. For the eligibility there are certain motor and weight requirements. This incentive would improve the total cost of ownership for these vehicles. Electric trucks as Tesla semi would benefit considerably with this service.|
|BYD MAKES FIRST FORAY INTO JAPAN PASSENGER CAR MARKET WITH THREE EV MODELS||21/07/2022|
|BYD unveiled plans to enter Japan’s passenger vehicle market with three models: Atto 3, Dolphin, and Seal. The first sale will start in 2023.|
|OFF PEAK ELECTRICITY INCENTIVES WILL PROVIDE CONSIDERABLE BALANCE TO FLEETS||20/07/2022|
|LeasePlan is of the opinion that incentives to charge vehicles in off peak timings will benefit fleet companies. It aims that cheaper renewable will provide monetary and environmental benefits. It also depends on how the companies train their drivers to meet with these expectations.|
|PLATFORM FOR ELECTRIC CAR SHARING INTRODUCED BY MOTOR||19/07/2022|
|The electric car sharing platform known as Motor, introduced its first car sharing system in UAE. It offers cost-free charging, comprehensive insurance and affordable rates. The step is to achieve ‘UAE Net Zero 2050’ vision|
|SOUTH AFRICA TO INTRODUCE ELECTRIC BUSES AND ELECTRIC SCOOTERS WITH SOLAR CHARGING STATIONS||19/07/2022|
|To reduce carbon foot prints, arms manufacturing company Rheinmetall Denel Munition will introduce electric buses and electric scooters. The company aims to be carbon neutral by 2035. The company will move these vehicles around it gigant 5000 hectares of land.|
|CATL LOOKS TO MEXICO FOR BATTERY FACTORIES TO SUPPLY TESLA AND FORD||19/07/2022|
|CATL, a Chinese battery manufacturer is looking for future battery factories in Mexico with up to a $5 billion budget.|
|BYD TO PROVIDE 15 BUSES TO MADRID||17/07/2022|
|Spanish public transport company Empresa de Blas y Cia has ordered to 15 buses to increase its prospects of fleet electrification. These buses will be operated in the suburb of Alcoron which is a suburb of Madrid. These buses are expected to have the latest features such as enhanced drive range, substantial battery power, USB charging ports and soundproof flooring.|
|ARVAL’S ELECTRIC FLEET DOUBLES IN A YEAR||07/11/2022|
|Arval has witnessed 102% growth in fleet numbers in comparison to the previous year. The company has around 22000 electric vehicles. It aims to increase its passenger car and vans fleet to a significant number.|
|VOLKSWAGEN AND COMDATA PARTNERS TO IMPROVE EV AND FUEL CHARGING OF FLEETS||07/08/2022|
|Comdata has connected car data use to facilitate fleet managers to provide reimbursement to their employees. Volkswagen aims to implement a Comdata Mastercard that will cater needs of both gasoline and EV users.|
|VINFAST SHAKES HANDS WITH PRO LOGIUM FOR SOLID-STATE EV BATTERIES||07/06/2022|
|The Vietnamese company VinFast aims to introduce vehicles with solid state-battery technology. This move could significantly reduce the cost of overall vehicle production. In this regard, VinFast has partnered with Taiwanese battery startup knowns as ProLogium.|
|SPANISH CITY VALLADOLID’s PUBLIC TRANSIT OPERATORS ORDERS 30 CITY BUSES FOR IMPROVEMENT OF ENVIRONMENT||07/01/2022|
|30 buses were ordered by the Spanish public transport operator AUVASA in the city of Valladolid. Moreover, charging infrastructure for these buses has also been ordered by Irizar e-mobility.
These buses have the shape of a tram which gives a touch of modern design.
|VOLKSWAGEN GROUP AND SIEMENS HAVE INVESTED $450 MILLION TO SUPPORT ELETRIFY AMERICA’S EXPANSION PLANS IN THE US AND CANADA||30/06/2022|
|Volkswagen Group and Simens invested $450 million to support Electrify America’s expansion plans, which represent a strategic partnership for Electrify America and Siemens:
1) The investment will support Electrify America’s accelerated growth plans through technological advancements in charging and energy solutions across public, home and commercial offerings.
2) Siemens’ investment strengthens the commitment to future collaboration between Siemens and Electrify America on technologies and services that will drive the expansion of high-quality, reliable charging solutions
|LG ACCELERATES ITS ELECTRIC VEHICLE CHARGER SOLUTIONS BUSINESS||27/06/2022|
|LG Electronics (LG) acquired South Korean electric vehicle charger solutions provider, AppleMango Co., Ltd., jointly with GS Energy and GS Neotek. The new acquisition will help LG to become an integrated solutions provider, bringing together its charger development capabilities and existing in-house-developed EV charging management system.|
|YORKSHIRE ALLOCATES 81 MILLION POUNDS TO DECREASE CARBON EMISSIONS||25/06/2022|
|The 81 million pound scheme FOR electric buses is aimed to cut carbon emissions considerably. This move is also expected to reduce emissions by 17,000 tonnes a year. It is expected that the diesel buses will be completely phased out by 2040.|
|AUTONOMOUS ELECTRIC TRUCKS BY EINRIDE GET A GREEN SIGNAL TO OPERATE ON US ROADS||23/06/2022|
|Einride’s electric autonomous truck known as POD gets approval for its operation on US roads. The company claims it is the first electric autonomous truck to get this approval. A remote driver will be allocated to observe its operations.|
|NORWAY PLANNING TO REMOVE EV-RELATED ADVANTAGES||20/06/2022|
|Norway in its initial actions aims to reduce tolling benefits for EVs. EVs will be paying 70% of the tolling price than the previous policy to pay 50% price of tolls. Besides, VAT will be imposed again in 2023, which was phased out earlier . One of the EV associations (Elbiforening) declared this as a War on EVs.|
|INCREASE IN FUEL PRICES PUSHES DEMAND FOR EVS IN UAE||20/06/2022|
|A Considerable rise in EVs was witnessed in the month of June particularly travelling among different emirates of UAE. UAE has also witnessed a shortage of EVs due to high demand.
EVs are available from Banks with attractive financing schemes in UAE.
|ROMANIA TO PROCURE 100 ELECTRIC BUSES||20/06/2022|
|Romania invites bids for the procurement of 100 electric buses. The special requirement for these buses is to have a range of 200 kilometres and a length of 12 metres.
Previously, the two tenders’ invitations were unsuccessful due to the lack of appropriate offers.
|CAR RENTAL COMPANY HERTZ PURCHASES 100,000 VEHICLES TO INCREASE EV FLEETS||18/06/2022|
|Hertz announced an investment of $ 4.2 billion to purchase 100,000 EVs. This move is expected to initiate a race for EVs in the rental fleet market. In the USA, the rental fleet industry is around $ 56 billion. Hertz does not disclose the total number of vehicles in its fleet, so the percentage of intake is unknown.|
|EV SAFE CHARGE INTRODUCES ZIGGY THE CHARGE-BOT||16/06/2022|
|Ziggy is a mobile charging robot designed to make it easier to charge electric cars in car parks, shopping centres, hotels and for fleet operators and property owners launched by EV Safe Charge. Ziggy is called via a mobile app or an in-vehicle infotainment system, reserves a parking space and charges the electric car as soon as it is parked.|
|BLINK CHARGING ANNOUNCES THE TRANSFORMATIVE ACQUISITION OF EV CHARGING LEADER SEMACONNECT, FURTHER EXPANDING ITS NETWORK AND CAPABILITIES||14/06/2022|
|Blink Charging acquired SemaConnect for $ 200 million. The transaction will add around 13000 EV chargers to Blink’s existing footprint, an additional 3800 site host locations, and more than 150000 registered EV driver members. With the acquisition, Blink Charging will able to offer complete vertical integration from research & development and manufacturing to EV charger ownership and operations.|
|FASTNED RAISES €23 MILLION TO FINANCE FURTHER GROWTH||13/06/2022|
|Fastned raises €23 million with the issue of new bonds. In addition, investors have extended over €7 million worth of investments from earlier issues, bringing the total issued amount in this round to nearly €30 million|
|ELECTRIC BUSES HAVE 80% OCCUPANCY IN AN INDIAN CITY||06/12/2022|
|Bengaluru Metropolitan Transport Corporation (BMTC) claim success after it witnesses 80% of occupancy in the city. Although, the buses do not have an AC still high occupancy directs the public’s acceptance of these electric buses. These buses are 9 rupees cheaper than diesel buses in the city. It is expected that these buses will bring environmental and monitory benefits in the long run|
|DUBLIN TO INTRODUCE 800 ELECTRIC BUSES||06/12/2022|
|Dublin orders 800 buses in the step toward zero emissions on road by 2050. The government targets to have at least 1500 electric buses on the road by 2030.|
|YAMAHA TARGETS NEO STYLE ELECTRIC SCOOTERS TO BE INTRODUCED IN INDIA||06/03/2022|
|Yamaha aims to introduce electric scooters that will enhance range and affordability. It will compete with the 50cc conventional gasoline motorcycles.
The motor and battery are to be locally produced that will be suited to the local conditions of India.
|DHL TO ACQUIRE ELECTRIC TRUCKS FROM VOLVO TO INCREASE ITS FLEET||28/05/2022|
|DHL has procured 44 electric trucks which will be sent to different parts of Europe. This move is expected to save 600 tons of CO2 and 225,000 of diesel fuel. It is expected valuable data of the electric trucks will also be saved.|
|HYUNDAI MOTOR GROUP TO ESTABLISH THE FIRST DEDICATED EV PLANT AND BATTERY MANUFACTURING FACILITY IN THE US||25/05/2022|
|Hyundai Motor Group enters an agreement with the State of Georgia to build full electric vehicle and battery manufacturing facilities. Commercial production to begin 1H 2025 with an annual capacity of 300,000 units|
|ABU DHABI LAUNCHED THE ROAD MAP FOR EV INFRASTRUCTURE||25/05/2022|
|In order to meet the target of zero emissions target by 2050, UAE is modifying its regulatory policy on electric vehicles’ charging. This policy outlines the standards and requirements to establish an electric vehicle infrastructure station across Abu Dhabi. Overall, it includes the installation and management of the stations along with the pricing to final consumers.|
|POLESTAR SELLS 13,600 UNITS IN THE FIRST 4 MONTHS OF 2022||19/05/2022|
|Polestar announced in a statement record sales for the first four months of 2022 as well as increased global order intake fueled by continued expansion into new and existing markets. In the first four months of the year, vehicle sales doubled to about 13,600 and the company’s order intake tripled to about 23,000 compared to the same period in 2021|
|INVESTORS DRAIN OUT $126 BILLION FROM TESLA’S SHARES IN THE SHADOW OF ELON MUSK’S DECISION TO BUY TWITTER||27/04/2022|
|Investors reacted by pulling off money from Tesla’s shares considering the CEO (Elon Musk) would be selling shares to meet
with his Twitter buyout plan. Many investors are wary that distractions of Elon considering Twitter’s management and selling Tesla’s share by the CEO would put an adverse impact on Tesla
|INDIA INTRODUCES POLICIES FOR BATTERY SWAP FOR ELECTRIC TWO-THREE WHEELERS||27/04/2022|
|The battery swap policies could be beneficial for companies which are collaborating on battery swap as Reliance and Britain’s BP
. This policy will bolster the government’s stand to increase the induction of environment-friendly vehicles. The policy will provide incentives to customers who are willing to spend on EV with swappable a battery option.
|PORSCHE AND AUDI FORM PREMIUM CHARGING ALLIANCE IN JAPAN||20/04/2022|
|Porsche Japan and Audi Japan build a charging alliance to expand the 150kw rapid charging station network across Japan. Charging stations run by both companies will be available to both Porsche and Audi owners starting July 1, 2022|
|TESLA MAY LOSE ATTENTION AFTER TWITTER BUYOUT BY ELON MUSK||18/04/2022|
|TESLA stock fell by 14% after Elon made a bid of 41 dollars to purchase Twitter. According to financial pundits, due to severe EVs competition and leading manufacturers catching up with TESLA, shareholders maybe worried that the Twitter buyout would deviate focus from Elon.|
|MERCEDEZ PARTNERS WITH SILA TO INCREASE THE ENERGY DENSITY OF BATTERIES||17/04/2022|
|Mercedes Benz partners with Sila (a battery material company), to incorporate Sila’s silicon anode chemistry in batteries that will increase the energy density of batteries without compromising safety or other performance parameters|
|ALMOST 5000 ELECTRIC BUSES ARE TO BE DEPLOYED IN CITIES OF INDIA AS HYDERABAD, DELHI, BENGALURU, KOLKATA AND SURAT||13/04/2022|
|Convergence Energy Services from the government of India aims to electrify a considerable bus sector in India by 2030. In this regard, it had sent almost 5000 buses across India in the major cities of Hyderabad, Kolkata, Delhi and Bengaluru. This was after successful completion of the lowest price tender for procurement of electric buses from WRI.|
|NISSAN AIMS TO DEVELOP COST-EFFECTIVE SOLID-STATE BATTERIES IN 2028||04/11/2022|
|Solid state batteries offer low price, high storage capacity and short charging time. Therefore, Nissan aims to have such battery technology at least by 2028. Nissan will have to open a pilot project as there are only prototypes for such batteries. According to Nissan, the operational cost of EVs will be equal to conventional vehicles with such technology|
|CANADIAN AUTOMAKERS CLAIM THAT THE 2022 BUDGET IS NOT ENOUGH TO COPE WITH EV SALES||04/08/2022|
|TATA MOTORS INTRODUCE EVs||06/04/2022|
|TATA aims to introduce EVs known as Curve to elevate the current model of EV. It aims to introduce vehicles that would have lower inferior attributes.||_|
|USING GLOBAL ARCHITECTURE, GM AND HONDA WILL DEVELOP COST-EFFICIENT EVS BY 2027||05/04/2022|
|GM and Honda promised to share technology, sourcing strategies and design to come up with EVs in 2027 that are low-priced. GM is poised to use Ultium battery which uses pouched and prismatic-style cells instead of the cylindrical cells that are used in Tesla.||_|
|LITHIUM-ION BATTERIES ARE EXPECTED TO GROW TO A SIGNIFICANT AMOUNT IN THE COMING YEARS||07/03/2022|
|It is expected that the recycling industry of Lithium-Ion Batteries is expected to grow by more than 20% annually. The automotive industry has recently seen a substantial increase in the use of batteries in EVs. Besides, governments of the developed and developing countries have proposed dealines to incorporate battery electric vehicles which have put a strain on the battery supply markets.||_|
|ASTON MARTIN TO ESTABLISH STATE OF ART BATTERY TECHNOLOGY IN COLLABORATION WITH BRITISH VOLT||07/03/2022|
|In order to cater and launch its first electric vehicle in 2025, Aston Martin has collaborated with British Volt to produce high-performance batteries in the coming years. The two companies will cooperate to enhance the capabilities of the cylindrical high-performance cells produced by Britishvolt so these cells can be used in the EVs produced by Aston Martin.||_|
|SONY AND HONDA JOIN HANDS TO DEVELOP AND SELL ELECTRIC VEHICLES||04/03/2022|
|Honda and Sony will collaborate to develop and sell their first battery0electric car by the end of 2025. Honda will be responsible for manufacturing the vehicle, whereas Sony will lead the work on the mobility service platform.||_|
|STRICT STANDARDS MAY IMPEDE ELECTRIC TWO-WHEELERS SALE IN INDIA||04/03/2022|
|Four incidents of electric two-wheelers have caught the eye of Indian regulating bodies. India has the stringent testing standard AIS 156, which has a strict test as fire resistant battery test. Almost 1% of the two-wheelers sold in 2021 were electric in India. Active cooling solutions in the body would require an increase in cost which deter potential clients for electric two-wheelers||_|
|OPIBUS AIMS TO CONVERT CONVENTIONAL VEHICLES TO ELECTRIC ONES||01/03/2022|
|Opibus aims to transform the mobility sector of Kenya by converting conventional vehicles into electric vehicles. Opibus has introduced electric two-wheelers which have a good range and speed. Nonetheless, it is expected to face stiff competition for its electric two-wheelers from Indian and Chinese manufacturers such as Bajaj Auto and Haojun.||_|
|SAUDI ARABIA SETS UP ITS FIRST EV PLANT||01/03/2022|
|Saudi Arabia announced to set up of its first EV manufacturing plant. This will help Saudi Arabia to meet its target of 30% EVs by 2030. The plant will be set up by Lucid Group, with an annual target production of 150,000 vehicles.||_|
|STELLANTIS AIMS TO HAVE 100% SALE OF EVS BY THE END OF THIS DECADE||01/03/2022|
|By the end of the decade, STELLANTIS aims to have 100% sale of EVs in Europe and 50% sale of EVs in the United States. These are essential steps to shape the organizational goal of clean and sustainable mobility products.||_|
|FORD TARGETS 100% CONVERSION OF COMBUSTION PASSENGER VEHICLES INTO ELECTRIC ONES BY THE END OF THE DECADE IN EUROPE||01/03/2022|
|Ford aims to split the conventional and electric vehicle production into separate units. By 2026, Ford aims to have one-third of vehicles sold as electric. Each unit will have independent management and financial control.||_|
|CHINESE EVs FACE PRESSURE AFTER INCREASE IN LITHIUM-ION BATTERIES AND DWINDLING SUBSIDIES||24/02/2022|
|The price of Lithium Ion Carbonate in China has increased by 700% in the last year. The price of other important materials such as Nickel Sulphate and Cobalt has also increased. Besides, the Chinese government has also decreased subsidies for EVs by 30%. Hence, many EV producers fear the financial squeeze and have increased the retail price of EVs. Ora, a low-priced EV producer, has stopped the sale of its two EV models.||_|
|TESLA REVERSE ON BATTERY CELLS SIGNAL SHIFT FOR ELECTRIC VEHICLES||22/02/2022|
|In line with the general rise in commodity prices and reduced margins, the price of lithium-ion batteries has been raised by producers.
For example, LG Energy Solution which supplies BMW, Tesla and Porsche, has increased battery prices by a tenth this year due to the rise in nickel prices the previous year. Tesla has indicated it will use iron-based batteries (also known as lithium iron phosphate batteries) in its cheaper standard-range cars.
|EQT TO ACQUIRE BRITISH ELECTRIC-VEHICLE CHARGING
|EQT Infrastructure has agreed to acquire InstaVolt. InstaVolt, founded in 2016, is UK´s largest EV charging company and operates 700 charging points for electric vehicles. These charging points are near or at retail, beverage and food courts. However, there are not enough public charging points in the country. The number of charging points in the UK increased by 70% between 2019 and 2021 while EV adoption tripled in the same period. In reaction, automobile manufacturers in the UK are demanding the formation of an independent regulator to look after the country’s EV charging infrastructure. They fear that long lines at charging stations will demotivate potential buyers.||_|
|MERCEDES-BENZ FORESEES EV-ONLY PRODUCTION LINES WITHIN A FEW YEARS||21/02/2022|
|Just 2.3% of Mercedes-Benz Cars’ sales last year were battery-electric vehicles, rising to 11% when including plug-in hybrids, which have both a conventional engine and a battery.
“We will certainly have some lines producing only electric vehicles in the next few years… we also see whole factories switching to electric – that is a topic for the second half of the decade.” It shows that car manufacturers will have plants whose sole purpose is to produce EVs. In the coming period, car manufacturers will shift additional resources to their EV production units. This will in turn create financial and operational challenges.
|GERMAN ELECTRICITY GRID UPGRADE WILL BE EXPENSIVE,
|The German government is concerned that the unprecedented high adoption of EVs may negatively affect the country´s electricity grid. It is expected that 15 million vehicles will hit German roads by 2030, adding significant strains on the grid. A way forward would be the use of “vehicle-to-grid” solutions. This means that power will be transmitted from the car battery back to the grid during the grid´s peak hours.||_|