Eat your heart out Umno racial and religious bigots: Your ‘Cina Babi Balik Tongsan’ is a world leader for EVs and the future
Well, No News Is Bad News is spot on on news again! Either we have a reliable crystal glass or it was just plain co-incidence and perfect timing.
On Oct 10, 2016, we questioned why the 1Malaysia Development Berhad (1MDB) Malaysian government is making life so difficult for companies to import and introduce electric vehicles (EVs) in the country.
We also asked whether the Umno-led Barisan Nasional (BN) federal government is more concerned with the threat to oil consumption and revenue than a cleaner and healthier environment for Malaysians. (Read this for context: http://victorlim2016.blogspot.my/2016/10/threat-to-oil-revenue-reason-evs-are.html)
Well, there could also be political and long-term selfish business monopoly considerations that the Umno government is stalling the EVs from debuting on Malaysian roads.
Whatever, the future is the future and The Star online today (Oct 12, 2016) posted a Reuters report that significantly highlighted that technology costs are falling rapidly for lithium-ion battery packs.
2016/2017 Jaguar I-Type 1 Formula E race car ... Three seasons in, the Formula E electric-car racing series is finally starting to attract major attention from large carmakers.
And No News Is Bad News has also re-posted a Green Car Reports story that China is a world leader in EV manufacturing and sales.
Eat your heart out, you Umno racial and religious bigots in Malaysia. Don’t you just love to freely describe or label your Malaysian-born Chinese as Cina Babi Balik Tongsan (Chinese Pigs Go Back To China).
Well, you bigots, just carry on while you are all left far, far behind in the future.
Here are the details from two news reports:
"Business News
Home > Business > Business News
Wednesday, 12 October 2016 | MYT 8:06 AM
Electric cars could dominate roads in wealthy cities by 2030
LONDON: Electric vehicles could account for two-thirds of all cars on the road by 2030 in wealthy cities such as London and Singapore due to stricter emissions regulation, falling technology costs and more consumer interest, research showed on Tuesday.
Electric vehicles (EVs) are becoming far more common. To help lower harmful greenhouse gas emissions, governments are trying to encourage their uptake through subsidies and tax breaks and introducing low-emissions zones.
Technology costs are also falling rapidly. The cost of a lithium-ion battery pack fell 65 percent in 2015 to around $350 per kilowatt hour, from $1,000/KWh in 2010, and is expected to fall below $100/KWh over the next decade, a report by consultancy McKinsey & Co and Bloomberg New Energy Finance (BNEF) showed.
"In densely populated, high-income cities like London and Singapore ... electric vehicles could represent as much as 60 percent of all vehicles on the road by 2030, the result of low-emission zones, consumer interest and favourable economics," the report said.
However, the growth of EVs could be a threat to the automotive sector.
"The automotive sector faces a future that could be fundamentally different from its past and may need to consider moving from using a pure product-ownership model toward providing a range of transportation services," the report said.
Gasoline retailers should also be considering further monetization of their current assets and how to get more value from electric charging, the retail market and fleet services.At a BNEF Future of Energy Summit in London on Tuesday, BP's chief economist Spencer Dale said: "Electric vehicles could take off anytime," as shifts in social preferences cannot be modelled. - Reuters"
"Which country or region will make the most electric cars in 2025? Poll results
John Voelcker
BYD e6 electric taxi in service in Shenzhen, China |
That much is abundantly clear.
Electric cars are one of four significant forces that will likely change what we think of as an "automobile" forever, the others being autonomy, connectivity, and sharing.
DON'T MISS: Tesla and China: why an obvious match isn't as simple as it seems
But where will those electric cars come from?
Today, cars with plugs are largely built only in North America, Europe, and China.
So we asked our Twitter followers which country (or region) would be producing the highest volume of plug-in electric cars nine years hence, in 2025.
Follow
Green Car Reports @GreenCarReports
Which country or region will make the most electric cars in 2025?
10:12 PM - 4 Oct 2016
49%China
22%Europe
5%Japan
24%USA
The results were pretty striking: fully half of the respondents (49 percent) said the answer was clearly China.
The U.S. and Europe were essentially tied for second place, with 24 percent and 22 percent respectively of the votes.
ALSO READ: China To Top U.S. Electric-Car Sales? Why Stats Don't Compare (Apr 2015)
The fourth and final option, Japan, got a mere 5 percent of the votes from survey participants.
The half of respondents who voted for China, however, have likely just been following the news, including stories on this site.
2014 Tesla Model S in China |
Those include preferred registration, financial incentives and tax breaks, and strong national and state government backing for various companies that build electric cars within the country.
Not only is China the biggest market today for electric cars, the company that sold the highest number of cars with plugs last year wasn't Tesla, Nissan, or General Motors.
CHECK OUT: Who Sold The Most Plug-In Electric Cars In 2015? (It's Not Tesla Or Nissan)
It was BYD, the privately-held Chinese automaker and battery company, which narrowly edged all three of those companies to take the crown.
Those were all highway-capable vehicles, too, not the smaller and less powerful electric cars that would be defined as low-speed or neighborhood electric vehicles in the U.S.
So if you want to get a window into the future of electric cars, you can't do it without paying attention to what's happening in the world's most populous country. - Green Car Reports"
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