MARKET NEWS
- Killing the roar: how electric cars’ quieter engines can help reduce the stress of modern life [Link]
- Advanced EV batteries, charging in just a few minutes, move from labs to mass production [Link]
- Pioneering ‘off-grid’ charging stations that offer power from on-site wind and solar plants set to arrive in the UK in 2025, revolutionising EV driving [Link]
- 800 jobs at risk as EV start-up, Arrival, slashes costs: UK van and bus maker restructures to stop cash drying up [Link]
- Electric motorbikes race onto UK roads through transport decarbonisation measures [Link]
- With chip shortages and varied new customers, GM looks to gain financial muscle for the electric future [Link]
- A coming copper shortage could derail the energy transition, as demand forecasts double by 2035 [Link]
- Panasonic to build $4bn battery plant in Kansas to meet Tesla demand [Link]
- Start-up ZeroAvia wants to launch zero-carbon emissions flights by 2024 as hydrogen-powered aeroplane engines begin to be mass produced in UK factories [Link]
- The EV revolution is raising house prices in 2022 as driveways in London become more valuable than a large garden [Link]
- Sri Lanka’s collapse is down to energy, as it blames the UK and other fossil fuel importers for moving too slowly towards net-zero emissions [Link]
- Revealed: the electric cars with the best, and worst, battery life [Link]
RELEVANT ARTICLES
- The Federalist - Studies Show The Electric Vehicles Democrats Insist You Buy Are Worse For The Environment And Lower Quality [Link]
Studies show that EVs aren’t better for the environment. One study showed that EVs and hybrids have more quality issues than gas-powered vehicles, spending more on repair and replacement on EVs over a year.
Another quantified the externalities (both greenhouse gases and local air pollution) generated by driving EVs, the government subsidies on the purchase of EVs, and taxes on all cars. The results showed that EVs generate a negative environmental benefit of about -0.5 cents per mile relative to comparable gas vehicles.
Furthermore, charging an EV increases electricity demand. Renewal resources supply only 20 percent of the country’s electricity needs. The remaining 80 percent were generated by fossil fuels such as coal and natural gas, despite billions of dollars in green subsidies.
- Belfast Telegraph – Time for action on electric vehicles [Link]
Alongside their dire rail network, Northern Ireland can add EVs to the list of areas they’re falling short on compared to the rest of the UK. Data shows that five NI councils are in the bottom 10 local authorities in the UK.
As local governments and councils place the blame on the central government, some councils have taken it upon themselves to start green initiatives, whether it be solar panels on refuse collection vehicles or installing EV charging point at council buildings, but they need more support.
Legislation is finally on the statute books, but the uptake is slow, and projects are struggling to get off the ground which shows it wasn’t climate legislation blocking the promotion of EVs but that the political will wasn’t, and isn’t, there.
STATISTIC OF THE WEEK
Mercedes-Benz Delivered 23,500 Full Electric Vehicles In 2nd Quarter — And Seems Proud Of That [Link]
Tesla sold 254,695 EVS in Q2 2022, 10 times the amount Mercedes-Benz sold, which was 23,500.
