A roundup of all the latest news around electric vehicles.
- The government is looking at introducing a network of toll roads across the UK as a way of collecting tax from electric car owners who do not pay fuel tax. Link
- BP has unveiled an additional £1bn for new EV charging points in the UK. Link
- The cost of charging an EV on the street has climbed to a record high in the UK. Link
- Car industry bosses have called for a nationally coordinated plan to develop EV charging infrastructure, including binding targets to expand charging point provisions. Link
- Audi will electrify all core segments by 2027, including battery-electric premium small cars. Link
- EVs are now three to six times cheaper to drive in the US as gas prices are getting higher and more volatile. Link
- A report published by the Society of Motor Manufacturers and Traders found that the amount of publicly available recharging infrastructure per electric car on the road is declining not growing. Link
- The automotive sector has invested £10.8bn into Britain’s drive to become a leading powerhouse for EVs over the last decade. Link
- Chinese EV manufacturer Nio has missed earnings forecasts for the past year due to supply chain pressures. Link
- Jaguar has partnered with Pramac, a mobile power company, to convert retired EV batteries into power sources. Link
RELEVANT ARTICLES
The Guardian - Petrol prices are driving us to electric cars, and surging utility bills are no deterrent Link
Making the EV switch is a big job, but the turnover has recently gone up several gears with EV sales outpacing forecasts. EV sales respond both to electricity prices and to petrol prices. Interestingly sales respond to petrol prices at around four to six times the rate of electricity prices. This is because consumers are just less aware of electricity prices than petrol prices. Bonkers pump prices should encourage more people to buy electric vehicles while nuts electricity prices won’t put them off much.
Following the Government's commitment for a tenfold increase in public EV charging points by 2030, edie rounds up the reactions from the UK's green economy and automotive sector. Link
Reuters undertook an in depth look at China's electric drive for swappable car batteries. Link
STATISTIC OF THE WEEK
