Nick Burchell’s Post

Analysis by New AutoMotive has found that sales of electric vehicles (EVs) reached 17.9% of the new vehicle market share in May 2024. #energytransition

Sales of full-battery electric vehicles in #Australia are slowing in line with global trends as many buyers opt for hybrid vehicles instead. According to an article in The Australian Financial Review, question marks about the future values of EVs in the second-hand market, a sluggish rollout of public charging infrastructure and the relatively high cost of EVs in a cost-of-living crisis, have contributed to the slowdown. “New figures from the Federal Chamber of Automotive Industries (FCAI) on Monday show sales of hybrid vehicles – which typically have both an internal combustion engine and a modest-range battery and electric motor – jumped 88.4 per cent in July compared with the same month a year ago. “Full-battery EVs made up 6.6 per cent of total new vehicle sales in July, slightly down from 7 per cent in July 2023.” The Toyota RAV4 has climbed to be the No.1 vehicle in Australia in July with sales of 5933, with most of those sold being the hybrid version. It outstripped the two big-selling ute brands, Ford Ranger with 4915 sales and Toyota HiLux with 4747. Read more: https://loom.ly/sscQhtk #BurgessRawson #EV #Tesla #Toyota #BYD #Ford #Mercedes #Audi #Hyundai #Nissan #Polestar #ConvenienceRetail #Fuel #BP #Shell #UnitedPetroleum #EG #ThoughtLeadership #Investment #Investor #Property #CommercialProperty #RealEstate #Portfolio #Wealth

When Ascend Elements CTO and co-founder Eric Gratz first started working in the #EV #battery materials industry back in 2012, cost was perceived as the biggest hurdle to widespread adoption of #electric vehicles. “At that time U.S. Department of Energy (DOE) estimated that batteries would need to be at the $100 per kwh price point for EVs to reach price parity with internal combustion engine (ICE) vehicles. This is what drove a lot of the early grant funding, including our initial research into direct precursor synthesis. Today, EV #batteries in China have fallen well below the $100kWh and batteries in North America are approaching that price point, which is making electric vehicles more affordable than ever.” Most early adopters started driving EVs for the #environment. They were willing to pay extra to protect the environment. But now, lower #lithium-ion battery prices are making many long-range EVs less expensive than the average ICE vehicles. This opens the door to a whole new, larger segment of the market. As Tom Randall reports for Bloomberg News, price parity between EVs and ICE vehicles is still a few years away, but as new EV drivers discover the fun and convenience of electric driving – not to mention the significantly lower fuel and maintenance costs – we will continue to see steady growth in EV adoption. https://lnkd.in/g6-TjsjW

While EV sales have declined in some markets, Honda has reaffirmed full electrification of its fleet, re-committing to 100 percent EV and fuel cell (FCEV) sales by 2040. The Japanese automaker is putting a central focus on battery technology and plans to invest over $60 billion in electrification through 2030. Honda is seeking to reduce battery costs by more than 20 percent compared to today's pricing, while also reducing overall production costs by 35 percent.

The PM’s new E-DRIVE scheme to boost sales of electric vehicles (EVs) has put an end to the uncertainty over the continued government support for electric vehicles. The end of the FAME-II scheme in FY2024 and the temporary six-month subsidy support under the Electric Mobility Promotion Scheme (EMPS) had raised questions on the rate of future adoption of EVs and India’s ability to reach its targets by 2030. The E-DRIVE scheme with an outlay of Rs 109 billion (Rs 10,900 crore) valid for two years is merely FAME-II, with a slight twist. Although the details of subsidy per vehicle are yet to be known, learnings from the past (EMPS) indicate that the government has steadily lowered the amount of subsidy per vehicle over FAME-II and EMPS, in order to ensure government support for more customers. This will ensure that EV penetration improves at a faster pace. Note that the government's ambitious targets aim for electric vehicles comprising 30 percent of passenger vehicle (PV) sales, 70 percent of commercial vehicle (CV) sales, and 80 percent of two-and three-wheeler (2W and 3W) sales by 2030. While the overall EV penetration levels are not anywhere close to the desired target, e-2Ws, which showcase the best penetration levels are about 7 percent of the total domestic 2W market. So, who gains from the new E-DRIVE scheme? Clearly, the government’s focus is to drive electric mobility in the mass market and ensure the customer gains directly. #EVs #e-drive #passengervehicle #autoindustory #battery #emps

Approximately 17 million electric vehicles and plug-in hybrids will be sold worldwide according to recent studies, marking a new record. China leads in EV sales, with an expected 10 million units sold. Europe and the U.S. follow, with 3.4 million and 1.7 million units respectively. Despite some challenges faced by traditional automakers, the EV market is showing significant growth globally. This growth underscores a long-term trend towards greater adoption of EVs, with over one-fifth of global vehicle sales expected to be electric or plug-in hybrids this year. Learn more here: https://bit.ly/4bgyA1m #fleetmanagement #fleetmanager #evfleet #evadoptiopn #fleetelectrification

OEM's can make a $25,000 EV while also reducing range anxiety, battery replacement, and V2G battery cycling degrading the battery faster than the vehicle warranty anticipates. Solution = offer an energy leasing model for the battery, whereas the IOU owns the secondary traction battery and the vehicle owner pays a subscription for charging, swapping, and upgrading. Produce a BEV with a 7kWh primary battery on it (qualify for IRA) and add the leased 40-200kWh battery on top of it. This is a triple win. Less upfront cost for the EV owner, better right-sizing for battery and driving style, grid balancing asset for the IOU (including second life), and revenue stream for workplace solar charging and MUD peak demand discharging. Boom! $25,000 EV with a symbiotic relationship (EV owner and IOU) to boot. 👍 https://lnkd.in/dCw9dYNE

Sales of #ElectricVehicles in Australia continued to climb in the past 12 months despite ongoing cost-of-living challenges, according to the Electric Vehicle Council, the peak national body representing the #EV industry in Australia. The Australian Automobile Association’s EV Index quarterly update reveals more than 85,000 battery electric (BEV) and plug-in hybrid vehicle (PHEV) sales were sold in the first three quarters of 2024, 17.7% higher compared to the same period in 2023. More at #Proactive #ProactiveInvestors #BEV #PHEV #Automobiles #EVUptake #Tech http://ow.ly/MSvM105OzjC

While the EV revolution has been going on for over a decade now, the used EV market is still quite immature because EVs have only been delivered in large volumes for the last few years. 2026. That is going to be the year of the used EV. J.D. Power is out with a new report that states an expected 230% increase in electric vehicle lease return in 2026:

EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally: EV sales are likely to continue growing in 2024, reaching around one in five new car sales globally, and 11% of the U.S. market, according to the International Energy Agency (IEA). Tight profit margins, volatile battery raw material prices, and the phaseout of incentives in certain countries have led to concerns about an EV sales slump, but data... #car #cars #awesome