Volkswagen has said it expects to produce one million electric vehicles by 2023, hitting the milestone two years sooner than originally planned as it continues to accelerate its production of battery cars worldwide. The German carmaker has produced 250,000 battery and hybrid electric vehicles to date, including 70,000 last year alone, and now plans to ramp up its production further in order to surpass 1.5 million by 2025, it announced on Friday.
Business Green 2nd Jan 2019 read more »
The Scottish government transport agency’s generous electric car financing scheme will be attractive to well-heeled electric car buyers. It might, however, grate a little with those struggling to heat their homes in a cold January. Transport Scotland’s interest-free loan offers up to £35,000 to cover the cost of purchasing a new pure electric or plug-in hybrid vehicle and up to £10,000 to buy a new electric motorcycle or scooter. We already know car ownership is unevenly distributed across income groups: 50 per cent of the most deprived households have no car access; only 13 per cent of the most prosperous households do not have one. We have a reasonable basis for knowing that electric vehicles (EVs) are generally purchased by the more prosperous households. Jeremy Clarkson recently pointed this out in The Sunday Times, and the typical price point for an electric car compared with a similar petrol or diesel car makes this obvious. To make a successful transition to a zero-carbon economy, or even a reduced carbon economy, we know that financial incentives help. At the same time we need to find ways to address the “equality paradox” in carbon reduction because such financial incentives only benefit the prosperous. Scotland has major problems of fuel poverty; we might wonder if giving the already privileged £12,000 up front and the equivalent of about £1,500 in subsequent years can be justified.
Times 2nd Jan 2019 read more »