In an article by Penton-owned Auto-industry news and data service WardsAuto, Executive Director of the EU PPI Fuel Cells and Hydrogen Joint Technology Initiative; Bert De Colvenaer is quoted as saying “there is no market for this technology”.
It’s an interesting statement to make at a time when three major manufacturers (Hyundai, Mercedes and Toyota) have announced they will be launching fuel cell vehicles in 2 years time.
Clearly there is not going to be a market for a technology which is still prohibitively expensive, and requires a refuelling infrastructure that doesn’t yet exist, but I think the point that Bert De Colvenaer is making, is that 2015 is the earliest that the market may exist, and as such there is likely to be a blend of technologies before any one dominates, if indeed any one technology does become dominant.
The EU are investing €1.4bn in to the technology through the Public/Private initiative, with a view to making the technology cheaper and to support and generate a demand and a market for the technology – they recognise that Hydrogen has a part to play in the move to cleaner vehicles and a reduction in emissions and pollutants.
While the likes of Hyundai, Mercedes and (more…)
With Malaysia’s exemption of import and excise duties on hybrid and electric cars expiring at the end of this year, a National Automotive Policy update is widely expected, and industry experts are predicting that a New Policy Could Make Malaysia The Next Big EV Market.
The infrastructure of Malaysia is one of the most developed in Asia and it has had one of the best economic records in the region, with GDP growing an average 6.5 per cent annually, making it the third largest economy in ASEAN and the 29th largest in the world. The country has shifted towards an industrial/manufacturing based economy and aims to attain developed country status in 2018 – most economists agree that it has all the right ingredients to achieve that.
Automotive manufacturing is a key part of Malaysia’s economic development plans, and in particular the manufacture and development of low emissions vehicles that will also help it to realise it’s COP15 commitment to reduce its CO2 emission’s to 40 per cent by the year 2020.
According to regional press: Datuk Takashi Hibi, Deputy Chairman of UMW Toyota Motor Sdn Bhd, says [Toyota] are considering the possibility of assembling hybrid vehicles in Malaysia – The company (more…)
According to ABI Research, the number of full electric vehicles (EV) shipping yearly will increase from 150,000 in 2013 to 2.36 million in 2020, representing a CAGR of 48%. Asia-Pacific will exhibit the strongest growth, driven by mounting pollution issues in its many megacities; however, true mass-market uptake will only start happening in the next decade.
“Overall, EV sales have been disappointing so far due to a lack of choice and perceived personal benefits, high purchase prices, and most importantly, consumer anxiety about range, maximum speed, recharging times, and the lack of public charging infrastructure. However, with many car OEMs recently dropping prices and offering more choice and improved performance, full electric vehicles are on the verge of leaving their eco niche of environmentally aware and socially responsible buyers, illustrated by car OEMs such as BMW, Daimler, and Volkswagen investing heavily in electrification. Importantly, a range of emerging automotive technologies such as carbon-fiber materials, wireless in-car networking technologies, active safety including pedestrian detection and autonomous driving, connectivity, car sharing, and smart grid demand response features will support the electric automotive revolution as all new paradigms are mutually reinforcing each other,” comments VP and practice director, Dominique Bonte.
However, the role of governments (more…)
Navigant research have published the Q3 edition of their Electric Vehicle Supply Equipment Tracker report. In it they estimate that nearly 64,000 public charging stations have been installed worldwide.
“As public investments in charging infrastructure wane, the numerous companies that emerged in the market’s early stages and championed various technologies and business models are now beginning to consolidate and standardize,” says Scott Shepard, research analyst with Navigant Research. “While investment in EV charging equipment technology has been significant during the past few years, the private sector now needs to focus on financing infrastructure deployments in order for the market to continue to grow rapidly.”
Alternating current (AC) installations account for the vast majority of public charging station installations worldwide. AC charging, which is used in both residential and commercial applications, typically supplies capacities of up to 7.2 kilowatts (kW) and, in rare cases, up to 43 kW. Used in commercial applications, direct current (DC) installations typically supply from 20 kW to 50 kW, although some manufacturers have introduced units with power ratings of up to 100 kW.
According to the FT, Bolloré, the French conglomerate behind the successful Autolib EV rental scheme in France, aim to sell their electric car-sharing scheme to Asia and also in London in the UK.
Bolloré view Asia as a key area of growth, and mention the demand generated by the need to tackle air pollution; London also have a problem meeting internationally agreed pollution targets, and it would seem likely that Bolloré are focussing on the markets with more than one incentive to adopt EVs: pollution as well as energy reduction.
This planned expansion comes on the back of a recent announcement that they would be expanding battery production, and partnering with Renault.
FT.com article (requires subscription): Bolloré in drive to sell electric car-sharing scheme to Asia – FT.com
UK Finance news site fool.co.uk has highlighted the fact tht Chinese EV manufacturere Kandi Technologies’ stock has risen 23% since China renewed the financial incentives to promote clean vehicles.
The $9,800 subsidy for purchasing EVs – confirmed until 2015 – is one of the highest in the world, and the the money is being issued through the manufactures to pass on to the consumers, which supports cash-flow for development and production.
From the fool.co.uk website…
[Kandi] was a lightly traded stock until earlier this year when it announced its entry into the electric sedan market. Until that point, Kandi was a small company making mostly go-karts and ATVs in China’s Zhejiang province. It’s still small, generating $12.2 million in revenue in its latest quarter, only $2 million of which coming from the sale of electric vehicles. However, its plan to team up with Geely Automotive to produce electric cars turned heads when the partnership’s sedan was approved by China’s Ministry of Industry and Information Technology in June. A month later, Kandi announced the delivery of the first 100 Kandi-Geely vehicles for a public car-sharing system in Hangzhou City.”
“Kandi shares are trading 49% higher”
Read more about Kandi’s stock rises via finance news site (more…)