Hyundai rolls out costly electric vehicle recall amid fire risk February 24, 2021 Hyundai will replace battery systems in 82,000 electric vehicles due to fire risks in one of the first mass replacements conducted by a major automaker. The move will cost around $900m and mostly concerns the Kona EV, Hyundai’s biggest-selling electric car. The Kona EV was first recalled late last year for a software upgrade after [...]
Shell to buy electric vehicle charging firm Ubitricity January 25, 2021 Oil giant Shell has today announced that it will buy Ubitricity, the UK’s biggest electric vehicle charging network, for an undisclosed sum. The Berlin-founded firm currently owns 2,700 EV charging points in the UK, about 13 per cent of market share. The acquisition will allow Shell to expand its own charging network, which currently comprises [...]
Tesla and the S&P 500: what could have been? January 12, 2021 | City Talk Tesla has finally joined the S&P 500 Index on 21 December 2020. Back in September, Standard & Poor’s announced that the index’s inclusion committee had decided not to add Tesla to the S&P 500. This unexpected news sent Tesla shares tumbling more than 16% in one day. Given Tesla’s sheer size — it is now among the [...]
Bolt launches fund to help its London drivers transition to electric vehicles December 8, 2020 Bolt, London’s second biggest taxi service, is launching a Zero Emission Transition fund to move its London-based drivers over to electric vehicles. The fund will be worth around £250,000 and will come at no extra cost to riders or drivers. The money will be used to pay for four main things: Installing charging points, developing [...]
New car sales sunk in November, but more UK drivers buying electric and hybrid vehicles December 4, 2020 New car sales sunk in November, but more UK drivers choosing electric and hybrid vehicles
CMA to examine electric vehicle sector December 2, 2020 The Competition and Markets Authority (CMA) is launching a market study into electric vehicle charging, following the government’s move to ban the sale of new petrol and diesel vehicles to 2030. The study will focus on the supply of chargepoints for plug-in hybrid and all-electric ‘passenger’ electric vehicles, comprising cars and light vans. The move [...]
Electric cars can transport Britain to a greener future March 25, 2020 As the UK lockdown begins, now is a chance to pause, to take a step back, and consider how our world moves forward when the Covid-19 crisis is over. Right now, we are all staying at home, but when we can travel once again, what does the future of transportation look like? Britain is still [...]
Only five car battery tech patents filed from the UK in 2019, says BDO February 24, 2020 A record number of patents were filed in 2018/2019 as countries race to develop electric car batteries – but data suggests the UK is falling behind when it comes to the automotive technology. Advisory firm BDO has found 3,400 battery patents were filed in this period, a 57 per cent increase on the year before [...]
UK new car sales fall in January as industry condemns 2035 ban February 5, 2020 The number of UK new car sales fell 7.3 per cent at the start of 2020, according to industry figures released today. Sales of new diesel cars plummeted 36 per cent year on year in January, their worst performance in 20 years, statistics released by the Society of Motor Manufacturers and Traders (SMMT) showed. And [...]
Most Brits intend to turn to electric or hybrid cars with next purchase January 31, 2020 The majority of British drivers do not intend to buy a conventional petrol or diesel car for their next purchase, amid growing interest in hybrid and electric cars. Only 48 per cent of consumers in a major poll said they plan to buy a traditional internal combustion engine-powered car next, City A.M. can reveal. That [...]