The take-off of EVs will happen when the lifetime cost of ownership falls below that for a conventional car. But let’s remember that “lifetime” for a Brit means 4 years as that’s the average period of ownership. Gerard Wynn and Arjun Flora at IEEFA show how the payback period on Gerard’s Renault Zoe ZE50 has been cut by over a fifth simply by signing up to a smart meter tariff. It’s dropped from 10 to 8 years. The UK is nearing the universal roll out of digital meters at home, so other EV users can easily do the same. Still, that’s not good enough. However, by the time the UK’s ban on new gasoline and diesel cars happens in 2030 the payback time for a Renault Zoe will be down to 2 years. In that light, banning fossil cars in ten years looks like a no-brainer. The authors’ modelling tools account for gasoline prices, inflation, falling battery and EV costs, rising EV vs conventional driving efficiency, and expected reductions in EV subsidies. Clearly, that payback time depends on the efforts of the whole system, from policy makers, the car industry, the energy sector, all the way down to consumers armed with a smart meter. Smart tariffs that have been enabled by the rollout of digital meters can cut the payback period on electric vehicles by more than one-fifth, according to U.K. data, and can help Britain achieve its target to ban all new gasoline and diesel cars by 2030, as announced in November.
Energy Post 10th Dec 2020 read more »
The makers of a $26,000 solar-powered electric car that they claim never needs charging have sold out the first batch within 24 hours. California based startup Aptera describes its three-wheeled car as “the world’s first Never Charge solar electric vehicle”, and boasts a range of up to 1,000 miles (1,600km). “Aptera leverages breakthroughs in lightweight structures, low-drag aerodynamics and cooling, material science, and manufacturing processes to deliver the most efficient vehicle ever made available to consumers,” the company states on its website. “Aptera’s Never Charge is built into every vehicle and is designed to harvest enough sunlight to travel over 11,000 miles per year in most regions.”
Independent 11th Dec 2020 read more »