Wednesday, September 21, 2016

Fuel, Air Quality, the Market & Technology

Back in the 1980s the mantra was “you can’t buck the market”. What they forgot to mention was that the market can’t buck advances in technology; though some might try.

Open Democracy UK report that a corporate giant is lobbying the UK government to slow down the rise of the electric car. They are Exxon, the US Oil company, who have made three separate presentations to the Department for Transport since the Paris Climate deal was agreed last December arguing that “green transport” does nothing to address Climate Change while conveniently overlooking air pollution.

And it seems they may be having some effect as the government’s environmental audit committee recently warned the UK is “falling behind” on its electric vehicle targets, criticising ministers for failing to implement the proper incentives and infrastructure needed to encourage the growth of the sector which is critical if the UK is to tackle both climate change and harmful air pollution.

So what is the always-reliable AA saying?

Well, they say the UK is at a tipping point, with electric car sales set to soar, once drivers overcome the many myths or misconceptions. According to their research on car buying intentions there will be more than 500,000 electric and plug-in hybrid vehicles in use by 2020 and they say that helping to dispel some of the myths associated with running such cars in the interim, could increase this projection dramatically.

So, they have teamed up with Chargemaster to provide advice, support and access to a UK-wide network of chargers and deliver a range of benefits, including bespoke home charging units, access to thousands of charging points and preferential charging rates. They expect the market to grow substantially, contributing to the EV revolution as buyers overcome their misconceptions.

  1. High purchase price (82% concerned) Government grants are available to motorists of up to £4,500 off the list price of a new EV, meaning they are much more reasonably priced than you might expect. Many plug in hybrids are already priced at a very similar price to the equivalent diesel.
  2. Availability of public charging points (81%) There are more than 4,000 publically accessible charge points available in the UK through Chargemaster’s POLAR network alone and a further 500 will be added in 2016. This means that motorists are never far from your next charge.
  3. Time to offset higher purchase price through fuel & taxation savings (68%) It can cost as little at 2p per mile to power an EV, while drivers pay no vehicle excise duty (VED) or congestion charge in London. Fleet drivers also benefit from Benefit in Kind (BiK) savings, meaning motorists stand to save significantly.
  4. Durability of battery (65%) Batteries in older EVs are already aging much better than engineers had ever predicted, so owners are finding that battery durability is much better than expected. Many EV car manufacturers are now providing battery warrantees of around eight years.
  5. Limited range for my day-to-day needs (59%) National statistics show that 95% of car journeys are under 25 miles while 32% of UK households have two or more cars. Increasingly, new EVs coming on to the market have an extended battery range. Within two years it is expected that the norm will be around 200 miles on a single charge.
And there’s more …

There’s a big market in used cars and Electric Vehicles are now part of that market.

London, 19 July 2016 — The growing popularity of electric vehicles has seen a massive rise in the availability of affordable, second-hand electric vehicles (EV) in the UK over the past two years, according to the AA’s used car portal AA Cars.
AA Cars looked at the numbers of EVs advertised on its portal in Q2 2016 and found that stock levels were a staggering 652% higher than Q2 2014 and up two thirds (66%) on the same period in 2015.

Welcome to the Capitalist Market, Exxon.

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