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Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Thursday 1st November 2018. It’s Martyn Lee here and I’ve been through EV story today so you don’t have to.
Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.
And hello to two new Patreon supporters again today, as new Producer of the Podcast at $5 (the one posh coffee a month level) its EV SOLID STATE has upped from Producer to Executive Producer, and new EXECUTIVE PRODUCER BRIAN THOMSON who says: “”We have an 11kw solar system on the house, three electric bikes, a model S and a model 3. We don’t eat beef, pork, or chicken, which supposedly does more for the enviro than driving our electric sleds. I almost converted a fossil car to electric in ’92. I think I was born wanting an electric car!” from www.brianthompson.com
TESLA RIVAL FARADAY HAS COME UNPLUGGED
- Faraday joins the long list of battery-car start-ups that have been left on the hard shoulder” reports NBCnews.com: “Battery-electric car company Faraday Future appears to be teetering on the brink of insolvency, according to one of its co-founders, who tendered his resignation Tuesday. Nick Sampson’s departure came barely a week after an unspecified number of Faraday employees were laid off, with a second mass “furlough” in the works at the beginning of November. Though billed as temporary, the company is out of cash and there is no clear source for the funds it would need to survive.”
- com reports that Samson said: “The company is effectively insolvent in both its financial and personnel assets, it will at best will [sic] limp along for the foreseeable future. I feel that my role in Faraday Future is no long [sic] a path that I can follow, so I will leave the company, effective immediately,” Sampson wrote. “I cannot continue knowing the devastating [sic] impact we are having on the lives of our employees, their families and loved ones as we as the [sic] ripple effect this will have on lives throughout our suppliers and the industry as a whole.”
VW COULD SHARE ITS ELECTRIC CAR PLATFORM WITH FORD
- “Volkswagen Group could be open to sharing its new electric vehicle platform with Ford. VW and Ford said in June that they were considering a development and production alliance that would include light commercial vehicles to strengthen both companies’ competitiveness. On Tuesday, Volkswagen CFO Frank Witter said the automaker’s strategy is to open up the company much more to partnerships.” according to Autonews.com: “Asked whether this would include allowing Ford to build cars on the group’s flexible MEB electric vehicle architecture, Witter did not rule out such an idea.”
TESLA TELLS MODEL 3 BUYERS TO ORDER NOW TO AVOID THIS PRICE JUMP
- Inverse published an article today based on an email from Tesla about why the new Midrange battery is more attractive than the Short Range $35,000 Model 3 coming next year: “Tesla is urging Model 3 reservation holders to buy now before the end of the full federal tax credit. The company claimed in an email published Tuesday that the mid-range model released last week costs less than $35,000 after the tax credits and gas savings are factored in. Tesla is the first automaker maker to lose the bonus as it has now sold over 200,000 electric cars.”
- The email said: “”we recently introduced a more affordable Model 3 Mid Range Battery option for $34,200 after federal tax credit and gas savings. As a reminder, the full Federal Tax Credit of $7,500 ends after December 31, 2018. Current delivery timelines are 4 weeks for the west coast, 6 weeks for central and 8 weeks for the east coast. For delivery under 4 weeks, you can pick up your car directly from our Fremont factory.”
PANASONIC PROFIT WEIGHED BY TESLA COSTS, BUT IN TALKS FOR FURTHER INVESTMENT
- “Japan’s Panasonic Corp on Wednesday reported a decline in quarterly profit far beyond what analysts estimated, as costs rose at the battery plant it jointly runs with U.S. electric vehicle maker Tesla Inc.” says Reuters today: “Business with Tesla has yet to contribute to profit. Yet Panasonic said it was in talks to add to its $1.6 billion investment and take capacity at the so-called Gigafactory over the 35 Gigawatt hours (GWh) it is set to reach by March-end. Panasonic is the exclusive battery cell supplier for Tesla cars. As production of the automaker’s mass-market Model 3 accelerated in the July-September quarter, Panasonic had to send more engineers and spend more to increase cell production. The higher costs, as well as slower demand for factory automation equipment in China amid an escalating Sino-U.S. trade war, pushed Panasonic’s July-September operating profit down 15 percent to 95.2 billion yen ($840.92 million).”
EDF ENERGY PARTNERS WITH NUVVE TO INSTALL 1,500 SMART EV CHARGERS
- Here in the UK: “French energy company EDF Energy has announced a partnership with green tech firm Nuvve to install 1,500 vehicle-to-grid (V2G) smart EV chargers for businesses throughout the UK. Under the deal, EDF Energy will roll out Nuvve’s V2G chargers to its business clients to boost EV infrastructure and support the national grid at peak times by adding 15MW extra capacity. The V2G chargers work by permitting electricity to flow between an EV and the charging system, potentially using car batteries as an independent storage system.” according to Power Technology.com.
- EDF Energy managing director of customers Beatrice Bigois said in a press release: “With 55% of new vehicles coming on to the road through businesses, they will play a key role in the transition to electric transport. Through this partnership with Nuvve, we are investing in smart technologies that will help our business customers electrify their fleets in a cost-effective way and support the UK’s ambition for clean growth.”
FIRST PUBLIC EV CHARGING LAMP POSTS INSTALLED IN LONDON
- “Southwark Council is installing 50 char.gy points in lamp posts around Bankside and Dulwich Southwark has become the first London borough to equip lamp posts with public EV (electric vehicle) charging points.” in a new report by Auto Express: “Lamp post charge point supplier char.gy is supplying 50 of the points that the local authority will install across two areas of the borough – Bankside and Dulwich. The first point has already opened on Holmdene Avenue in Herne Hill and the rest will be installed with £300,000 of funding won by Southwark Council from the Go Ultra Low City Scheme. The points can charge at rates up to 7.7kW, will all be publicly accessible and do not require an RFID smartcard, membership or a special type of cable.”
OCTOPUS ENERGY DISHES UP TIME OF USE TARIFF SUCCESS
- Michael Holder at Business Green raises a very valid point today about Time Of Use tariffs: “A new report from Octopus Energy has revealed how time of use enegry tariffs could help electric vehicle (EV) owners further reduce their carbon emissions and slash their energy bills. The company yesterday published the initial findings from its ‘Agile Octopus’ tariff, which has been running since February. It confirmed the smart tariffs have so far helped customers save money, reduce energy use, and curb their carbon emissions, while also limiting pressure on the grid. Hailed as the UK’s first half-hourly time of use tariff, it has enabled Octopus customers – including EV drivers – to choose the cheapest times to charge their cars or undertake other energy-intensive household activities. On average, customers shifted their energy consumption from peak time by 28 per cent, with EV drivers reducing their peak consumption by an even greater 47 per cent. Overall, the approach enabled ‘Agile’ customers to save an average of £188 per year compared to a standard energy tariff, Octopus Energy found.”
And thanks to MYEV.com they’ve set us another Question Of The Week. Keep your comments coming in on email and YouTube…
If you could put a public charger anywhere, where would you put it? If I wrote you a cheque for an EVSE and have it installed to make you life easier, where is that place?
I want to say a heartfelt thank you to the 111 patrons of this podcast whose generosity means I get to keep making this show, which aims to entertain and inform thousands of listeners every day about a brighter future. By no means do you have to check out Patreon but if it’s something you’ve been thinking about, by all means look at patreon.com/evnewsdaily
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