FairCharge

I was beginning to wonder if Labour's conspicuous silence on EVs since their election was because they were keeping their powder dry for the Budget. Their first Budget in 14 years. A momentous occasion. A chance to tell us about their long-term EV policies and to build on the unstinting EV support they signalled before the election. I was disappointed. Today's Budget was a massive missed opportunity to support private buyers and make it easier and cheaper for them to own an EV. The crowd-pleasing fuel duty freeze may be a political necessity, but the £3 billion cost is huge. Cutting the VAT on public charging would cost £71 million at current rates of adoption. Couldn't the chancellor have done both? Talk about mixed messages. Business tax incentives were retained for company EVs, and first-year VED for ICE cars went up, but for the ordinary driver wanting to drive electric, there was little to cheer about. £200 million investment in public charging rollout is embarrassing when the private sector is spending £6 billion. There were many relatively inexpensive levers the Treasury could have pulled in this Budget - free parking for EVs, halving VAT on new EVs, extending the London Congestion Charge Exemption, low-cost leasing schemes for low-rate taxpayers on used EVs, etc etc. If HMT had considered some of the policies Norway has used so successfully to achieve over 90% EV adoption, I'd feel better about this government's commitment. But after today, I'm not so sure. What Labour has said in the past about EVs and what they've now done in terms of policies is at complete variance. Especially since we're not hearing any new ministers or MPs telling us enthusiastically about how they enjoy driving electric cars. Which brings me to the inescapable conclusion that very few, if any of the new Westminster intake, actually drive EVs. Which may of course explain everything...

The Japanese discovered the secrets of Chinese low-cost EVs. They performed teardowns on a dozen cars. Here are the key 3 results: 1. In-house production BYD manages to keep costs down. They are producing as many of the components as possible in-house and integrating them. It's not only about the battery but also the e-motor, inverter, transmission and controller... For example, except for the windows and tires, BYD builds all Dolphin components. 2. Small number of parts Sho Kato, department head of Nissin Seiki, said, “I was surprised at the small number of parts used by BYD and Tesla." They are able to combine components to bring down cost. BY integrates parts, like its 8-in-1 E-Axle, which includes the motor, inverter, and reducer to reduce costs. (Cecile PERA made a great video about it). Tesla has a similar approach. The best example is the Model Y’s structure, which consists of just two major pieces instead of 70 separate elements like in the smaller Model 3. 3. Standardizing parts The Chinese are applying standardization parts across multiple vehicle models. Thanks to their 100% EV platforms. So, it's not about cheap labor. it's about innovation and creativity. Source: Nikkei, Electrek, InsideEvs #batteries #electricvehicles #evs

THIS is the eMobility success story! Jobs, growth and investment across the UK, not to mention the critical role our industry plays in the energy transition. 📝 Powering Ahead: The present and future economic case for eMobility in the UK: https://bit.ly/3YmAlof 💡Published by Roland Berger 16,000 EV jobs secured or created in auto manufacturing £11bn+ committed EV investment from manufacturers £1.5bn invested to date by charge point operators 10,000+ jobs in EV charging by 2030 Yet flawed narratives about EV sales continue to impact public sentiment, risk investment confidence and influence the policy environment. Don't let them stymie the success so far and jeopardise the huge economic opportunity of the EV transition. This is not a market in crisis. Share the report ⬆️ And if you're looking to rebuke the flawed narratives with data, check out our blog, Is the EV Market in Crisis? https://bit.ly/4e5nlcy Adam Healy Tim Longstaff Maurice Hochschild Ian Johnston Dora Clarke Vicky Read Chris Pateman-Jones Quentin Willson FairCharge Dan Caesar Electric Vehicles UK ChargeUK

In a bid to avoid issuing yet another sober warning, the United Nations decide to launch their latest report LIVE from the Gates of Hell 🔥 #Emissionsgap #COP29 #UN #climatescience https://lnkd.in/eiWZEKjp

An excellent #opinion piece in The Daily Express here, by FairCharge Founder Quentin Willson 'Some say that sal sac benefits only well-off drivers. Katie Brown, Communications Manager at Tusker Direct, a major EV leasing provider, says: "The majority of our orders for October are from basic rate taxpayers, and over half are from NHS staff, Metropolitan Police forces and local authority workers.’ She believes that ‘"#salarysacrifice is enabling more people to get into an electric car in an easy and affordable way.’ loveelectric, another EV leasing provider, claims their online ordering process is ‘Like Prime, but for electric cars.’ We don’t know exactly how many private drivers have taken advantage of EV leasing on salary sacrifice schemes because the registration figures are included in the fleet sales category by the Society of Motor Manufacturers and Traders (SMMT), even though these EVs are being used by private drivers. Experts reckon it’s a significant number. As a policy that makes switching to an EV as simple as ordering on Amazon, protecting users from depreciation and paying for insurance, servicing and tyres, no wonder it’s been such a success. And yes, there’s a cost to the Treasury, but if this The Labour Party #government is really supportive of the #EV transition, as they so often claim, this is far more cost effective than handing out subsides. There’s the societal benefits too of cleaner air from zero tail pipe emissions. Fiona Howarth, CEO of Octopus Electric Vehicles is unequivocal: "The Government has sent a clear signal to the car industry to make electric cars. Any changes to the few incentives for private drivers, particularly lower rate taxpayers, that currently make them cheaper is only going to slam on the brakes on the 🇬🇧's EV and #energytransition."' Rob Virtue Sebastian Murphy Bill Esterson Freda Lewis-Stempel Jacob Jaffa Gareth Corfield Theo Leggett Simon Leadbetter Nick Hulin Char.gy Ian Johnston Dora Clarke Dan Caesar Imogen Bhogal Electric Vehicles UK Melanie Shufflebotham James Peacock Jade Edwards Zapmap Edmund V King OBE The AA RAC Rod Dennis Kit Wisdom Dr. Andy Palmer CMG, FREng Greg Jackson Phil McNamara Steve Fowler James Morris https://lnkd.in/ekW4NN7V

The Fast Charge Newsletter, from Tom Riley, reads: 'Benefit in Kind… A final tax area is the status of salary sacrifice schemes. In recent Budgets, it’s been solid, but there are some who think it’s time may be coming to an end, particularly if Rt Hon Rachel Reeves goes after higher earners. Quentin Willson expects Reeves to keep the scheme unchanged for EVs saying: “Salary sacrifice has been one of the most effective policy levers to get lower income drivers into EVs with many 20% taxpayers benefitting ..."' Fiona Howarth Octopus Electric Vehicles Tusker Dr. Andy Palmer CMG, FREng Kit Wisdom Katie Brown Alvin Castillo Ian Johnston Imogen Bhogal Dan Caesar Electric Vehicles UK Ginny Buckley Steve Fowler The Independent Phil McNamara Gill Nowell Ben Nelmes

Kit Wisdom, MD, Tusker: "The transition to electric cars is one which requires a concerted effort across a number of industries and government. #salarysacrifice is one of the many ways the transition can be supported and is enabling more people to get into an electric car in an easy and more affordable way. The majority of our orders (October 2024) are from basic rate taxpayers, and over half are from NHS staff, Metropolitan Police forces and Local Authority workers." In response to claims that sal sac only benefits the wealthier pockets of society, BVRLA discredited that claim saying: “Our data shows that the average EV provided through salary sacrifice schemes is cheaper than the average new EV. 52% of salary sacrifice drivers are basic-rate tax payers and over 50% are female. They are spread throughout the UK, with over 50% of them working in the health and social work sector.” Octopus Electric Vehicles Fiona Howarth Katie Brown Electric Vehicles UK Dan Caesar FullyCharged.SHOW & Everything Electric Imogen Bhogal Melanie Shufflebotham Zapmap Ben Nelmes New AutoMotive Lorna McAtear Alec Peachey ⚡️Jordan Brompton Ian Johnston

In a recent piece in the Telegraph (surprisingly) it claims the global outlook for EV sales looks increasingly bullish. Despite the worst Middle East instability we've seen for decades, oil prices stubbornly refuse to rise above $80 a barrel. Last week, the IEA's World Energy Outlook suggested that global oil demand would fall from 100 million barrels a day to 82 million barrels by 2035. Opec can no longer bolster prices by choking supply. The main reason for the falling demand is China. In September monthly sales of New Energy Vehicles hit almost 1.2 million, up by 42% from the previous year and are on average 8% cheaper than ICE vehicles. Battery costs have fallen from $140 per kWh in 2023 to $80 in 2024 - hailed by some as one of the fastest price declines of any energy tech, ever. The IEA also says that global sales of EVs and PHEVs have risen 25% this year and are set to be a record 17 million units by the end of 2024. Sales in Brazil grew 170% in the first eight months of this year alone. Yet while Asia and the South double down on the energy transition, Europe and the U.S. fight culture wars over EVs, with politicians swayed by disinformation, talking of rolling back sales targets. Unless we understand and recognise the global progress of EV technology developments and the increase in sales the UK will miss a huge opportunity to create new industries, build a highly skilled and well-paid workforce and free ourselves from the economic drag of monopolistic foreign oil regimes whose only interest is to constantly hike prices. Keyboard warriors on YouTube and social media don't understand the bigger global picture. We can't let them sabotage the most significant and exciting shift in energy technology in over a century. There's far too much at stake.

Thank for this Marc Palmer / Auto Trader Insight Per the wonderful rule of three: 1. New car demand is ⬆️ . 16.5% YoY increase in visits to new car platform 2. Strongest interest in new electric cars for over two years ⚡ with electric taking 1 in 5 new car enquiries 3. MG is back in the hot seat 🔥 with the top 3 EVs Quentin Willson Dan Caesar Electric Vehicles UK Emma Butcher Society of Motor Manufacturers and Traders (SMMT) Laura Harvey Mike Hawes Ben Nelmes Matt Finch New AutoMotive James Clench Fiona Howarth Octopus Electric Vehicles Zapmap Melanie Shufflebotham Ginny Buckley Lorna McAtear Sophie Perrygrove Alvin Castillo

Altilium in the news: Fully closing the loop on a UK EV battery supply chain. 🎤 Great to talk to Fastmarkets on recent advances and milestones in our full battery circularity model giving the UK domestic, low carbon battery raw materials from recycling old EV batteries. 🇬🇧 At Altilium we are the only UK company focussed on a full battery circularity model, from collection of old EV batteries, black mass shredding and refining to battery ready P-CAM and CAM for use in new battery production. ♻️ We discuss our new ARMD3 backed UK Government project, delivered by the APC with Jaguar-Land Rover to validate EV battery cells using recycled CAM. This is the first time in the UK there will be a circular economy for battery materials, where cells produced at the UK Battery Industrialisation Centre (UKBIC) will be tested by a leading Automaker. 🚗 By demonstrating that EV battery cells made from recovered materials can meet the rigorous standards of the automotive industry, we’re not only reducing the environmental impact of battery production, but also supporting the UK’s efforts to build a more sustainable and resilient EV supply chain. Please see more below👇: https://lnkd.in/enQ-4tEf #sustainability #circulareconomy #batteryrecycling #ev #greentech #criticalminerals #blackmass #innovation