When Bloomberg published a story under a version of the above headline at around this time last year, it was based on data predicting that by 2040, 35 per cent of new cars worldwide “would have a plug.” Last week, a new graph based on new data by Bloomberg New Energy Finance has updated the
The electric car market has seen another year of significant growth in 2016, after Society of Motor Manufacturers and Traders registration figures show that sales of Plug-in Car Grant (PiCG) models increased 31.4% compared to 2015. Helping drive the market forward is the continued high sales of PHEVs, with 2016’s registrations totalling 26,643, up 41.9%
The plan is to invest in the technology needed for battery electric vehicles Diesel technology is set to be a thing of the past, UK car industry executives believe. The plan is to invest in the technology needed for battery electric vehicles over the next five years, according to 93% of executives while 62% felt
Economists and reporters have been saying that electric cars could actually kill the oil industry for a little while now, but it hasn’t made a lot of real-world impact so far. But now Fitch, an enormously influential financial ratings agency, is issuing dire warnings over electric cars. It actually seems impossible at this point to
Tesla may be the catalyst driving electric cars. But just about every car maker in the world is developing either an all-electric car or a hybrid vehicle that runs on both electricity and petroleum. That’s good news for the environment, especially as such vehicles approach price parity with traditional ones. As electric cars continue to
The number of electric vehicle (EV) users in Milton Keynes has tripled over the summer. In January 2016, Milton Keynes Council was awarded Go Ultra Low City status which through funding support from central government for infrastructure is designed to increase the use of EVs in the city. The number has now increased from 220
Funding committed to low emission taxis and motorbikes, plus more chargepoints for workplaces and residential streets. A major £35 million package to boost the uptake of ultra-low emission cars and scooters was unveiled by Transport Minister John Hayes today (13 October 2016). The fresh funding commitment will see thousands more electric vehicle chargepoints installed on
The modern internal combustion engine first came from Germany and now Germany wants to put a nail in its coffin. The Bundesrat has passed a resolution to ban the ICE beginning in 2030. [10/8/16] Germany’s Spiegel Magazin reported this morning that the country’s top legislative body was able to reach a bi-partisan agreement that hopes
Speculation about the future of transportation, like common flu, appears to be contagious. Not a week goes by without another celebrity, business guru or executive predicting that future of transportation is electric. That, you may say, is probable and not newsworthy. What is newsworthy is that many of the same people are predicting that the
The car of the future will be electric, connected and, eventually, self-driving. But where does that leave the car industry of the future? In a series of articles this month, Heard on the Street takes a look at how investors should approach the biggest technological disruption the car industry has faced in decades. Battery-powered electric
