MARKET NEWS

  • Nissan has said it will invest $500m to repurpose its assembly plant in Mississippi to build two new electric vehicles. Link
  • Pod Point CEO, Erik Fairburn, has rejected calls for the watchdog, suggesting the onus is on the private sector to ensure a sufficient charging infrastructure is in place. Link
  • S&P Global Platts Analytics is predicting that EV sales will reach 26.8 million units by 2030, 23% higher than forecasts a year ago. Link
  • InstaVolt has plans to open its 1,000th rapid charger in the UK this summer through partnerships with the likes of Costa Coffee and McDonald’s. Link
  • Ford Motor and Geely Automotive’s Volvo Cars will join battery recycling start-up Redwood Materials in collecting end-of-life EV batteries and recover the material for use in new batteries. Link
  • The UK automotive industry has urged the government to set binding targets for installing EV charging points to give motorists the confidence to switch to battery models. Link
  • Toyota has filed a patent application for an electric vehicle with a manual transmission. Link
  • The chairman of the Transport Select Committee has admitted that his own proposals to charge drivers per mile on the road threaten to slow the switch to EVs. Link
  • Britishvolt has gained new investment worth £40m from Glencore for a new EV battery factory. Link
  • Gridserve has opened Wales’s first high-powered EV charging hub on the M4 near Swansea. Link
  • Polestar, the Swedish EV maker will open a new research facility in the Midlands, eventually employing more than 800 people. Link

RELEVANT ARTICLES

Financial Times – Transport: electric avenue opens up for unplugged charging Link

Imagine the road itself powering and charging your vehicle as you drive along. The idea behind dynamic or induction charging is to generate a magnetic charge in the road that vehicles pick up and turn into electricity to drive their wheels. This could be the way to close the charging supply gap. In the UK, there are currently over 25,000 charge point, 34 per 100,000 people. Although, the biggest problem with magnetic tarmac is that deploying the technology would mean replacing a lot of road.

The Telegraph – Are electric cars suited to a life in the countryside? Link

The best way to own an EV is to have a wall-mounted charger at home and top up overnight. But for many urban dwellers this simply isn’t an option, while it’s a chicken and egg situation in the countryside: EV take-up will remain low if public chargers don’t keep pace with demand, but there has to be demand to install charging points in less populated areas. Then there’s the weather. When it’s cold, EVs may offer only 80% of the official range claimed and may also charge more slowly. Such issues could be critical for rural users.

STATISTIC OF THE WEEK

  • A graph showing global EV