00:00
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00:05
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00:53
Capital One's tech team isn't just talking about multi-agentic AI.
01:05
They already deployed one.
01:06
It's called Chat Concierge, and it's simplifying car shopping.
01:10
Using self-reflection and layered reasoning with live API checks,
01:14
it doesn't just help buyers find a car they love.
01:17
It helps schedule a test drive, get pre-approved for financing,
01:20
and estimate trading value, advanced, intuitive, and deployed.
01:25
That's how they stack.
01:26
That's technology at Capital One.
01:30
The holidays are expensive.
01:31
You're paying for gifts, travel, decorations, food,
01:35
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01:39
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02:15
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02:20
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02:23
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02:25
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02:47
Welcome back to EV News Daily.
03:00
Coming up today, EV's win on lifetime emissions again.
03:05
Charge points, megawatt charges, and the USA sets for record car sales in August.
03:12
Later in the show, I'll tell you why one famous comedian
03:16
has had his classic Aston Martin converted to electric power.
03:21
Well, good morning, good afternoon, good evening,
03:23
wherever you're listening around the world.
03:25
Welcome to EV News Daily.
03:27
This is your trusted source of EV information.
03:29
It is the weekend, Sunday 31st of August.
03:32
I'm Martin Lee, and I go through every EV story every day,
03:36
so you don't have to.
03:37
One little podcast, and you are completely up today.
03:40
Patreon supporters get the episode's ad free.
03:42
Be like them to get the show's ad free
03:45
to fund the podcast, and it's how I earn a living these days, by the way,
03:49
and also be part of the EV News Daily community.
03:52
Get a Patreon.com slash EV News Daily.
03:55
Right, let's start with news of electric vehicles
03:57
leading in emissions reductions.
03:59
A University of Michigan study in environmental science and technology
04:03
found that fully electric vehicles produce much less greenhouse gas
04:08
over their lifetime than internal combustion engine vehicles,
04:11
or hybrids, or plug-in hybrids.
04:13
You've heard this over and over and over again.
04:15
It just doesn't seem to be sinking in with certain people.
04:18
The study included all stages of a vehicle.
04:21
Manufacturing, driving, and disposal.
04:24
And regional driving patents as well.
04:26
They looked at the United States.
04:28
A battery electric vehicle with a 300 mile or 480 kilometer range
04:33
creates up to 36% fewer total emissions.
04:37
When I say up to 36, I'm not fudging the numbers.
04:40
Specifically, they said between 31 and 36% fewer total emissions
04:46
than a 50 mile plug-in hybrid.
04:49
63 to 65% fewer emissions than a standard mild tame hybrid
04:56
And 71 to 73% fewer emissions than a regular ice vehicle.
05:02
There's so many of these data points tucked away
05:04
inside seven years of research for this podcast.
05:07
I'll stick this one on the bottom of the list.
05:09
We've seen it over and over again.
05:10
Now all the studies, sometimes they'll say how many miles
05:14
you've got to drive in an EV before it becomes greener
05:16
because there's embedded carbon in how you build
05:19
big batteries and things like that.
05:21
And the numbers always different around the edges.
05:24
I've never ever seen any research that says
05:26
it's better to drive a plug-in hybrid or a hybrid.
05:30
Bev wins every time.
05:33
Bev, by the way, if you're new to the podcast, be EV.
05:35
I'm just assuming you know what it means.
05:37
Battery electric vehicle.
05:40
It's kind of the shorthand that we end up using
05:42
for full electric vehicles because EV can stand
05:46
for electrified vehicle, which some car makers do use
05:50
to try and make their shabby hybrid seem better
05:52
than they really are.
05:53
So if you're wondering what I mean by Bev,
05:56
it's not my friend Beverly, by the way.
05:58
It's what we mean by BEV or battery.
06:00
Full battery electric vehicle.
06:02
Okay, let's move on.
06:04
ChargePoint has launched a new DC fast charging system
06:07
and this delivers up to 600 kilowatts for passenger EVs
06:10
and 3.75 megawatts for heavy duty electric trucks.
06:15
Most EVs today can charge, well, up to, say, 350.
06:21
There is the new 400 kilowatts DC fast charging Porsche Cayenne
06:25
There are some other DC fast charging cars
06:27
outside of China that are pretty quick,
06:29
but say 270, 300, maybe 350 is kind of the peak
06:35
of anything that we can get our hands on.
06:37
The CEO of ChargePoint, Rick Wilmer,
06:40
says that their new system is built for future EVs
06:42
that support more power following trends in China,
06:45
where we've seen 800, 900 kilowatt DC fast charging
06:48
for just your regular passenger cars.
06:51
Their new express chargers are not just more powerful.
06:54
They say they're 30% cheaper to install and operate
06:57
than ChargePoint's current DC fast chargers.
06:59
They take up 30% less space and the smaller size
07:02
means they can be pre-built on a concrete slab.
07:05
They're prefabs and they move to the site
07:08
The key component is the power block,
07:11
a 600 kilowatt cabinet that does both AC to DC
07:14
and DC-DC conversion.
07:16
According to Wilmer, each block can charge 12 vehicles
07:21
It would do six vehicles at 100 or four vehicles at 150.
07:25
Using three power blocks together,
07:27
a site would provide 1.8 megawatts
07:29
from a heavy-duty truck pulling in, for instance.
07:32
Higher output comes in part from skipping the AC-DC step.
07:35
In some cases, not allowing direct DC-DC charging
07:41
One of the reasons, by the way,
07:42
I went with the solar-edge system.
07:44
It didn't matter that much to me, by the way,
07:46
but one of the things with solar-edge
07:48
and the optimizers, they're not inverters,
07:50
on the back of the panels, they're optimizers,
07:53
and then it runs direct to my battery.
07:55
And so I generate DC from the sun
07:58
and that gets stored as DC in my solar-edge home battery.
08:01
So I only ever go through an AC-DC conversion process
08:04
or DC-AC when I want to make a cup of tea or something.
08:08
And so it's a little bit more efficient.
08:10
Solar-edge, perhaps, obviously ago,
08:12
they go really big on saying,
08:13
you know, it's really the best battery-efficient system
08:16
Like, it's one of the things that I factored into
08:18
when I bought the system.
08:19
Wasn't a deal breaker.
08:21
Does it make a huge amount of difference?
08:22
Well, it does save you some losses.
08:24
Well, the rollout will start selectively
08:26
in the second half of 2026.
08:28
The ChargePoint's new hardware,
08:30
they're working with Eaton, by the way.
08:33
They say they'll also plan a vehicle to everything set up
08:35
where power moves between the grid, the EV, and on-site batteries.
08:39
Mr. Wilmer's saying it's very elegant with this DC architecture
08:43
to move energy around to where it's needed on the site
08:45
and then into the fixed battery
08:47
and then back to the grid when it's needed by the grid.
08:51
Let's talk about U.S. car sales in August.
08:53
I know we've still got a few hours to go
08:55
until the end of the month wraps up.
08:56
But Cox Automotive have been looking at the month-to-date data so far.
09:00
Now, they expect U.S. new vehicle sales.
09:02
And we're not specifically EV here.
09:04
New vehicle sales for August to be 1.46 million vehicles
09:08
up 4% from July and 2.3% on August last year.
09:13
EVs are driving the growth, though.
09:16
In July, new EV sales were 130,000 units in the USA,
09:22
up 26% from the month before June
09:25
and 20% on July last year.
09:27
11 brands had their best EV sales of the year in July
09:31
and they're lining up to have another great August.
09:33
Cox Automotive expects new vehicle demand growth to slow in Q4,
09:38
the end of the EV tax credit,
09:40
inventory dropping, prices rising.
09:42
Of course, we do have the update though from the IRS
09:44
that as long as you have signed the contract
09:47
to buy that new EV, you can take delivery any time.
09:51
So that would probably be some time in Q4, realistically.
09:54
So yeah, I mean, it won't count as a sale.
09:57
I suppose, or does it?
09:58
I mean, you've got to pay a deposit in Q3,
10:00
but the vehicle won't be delivered until Q4.
10:03
And obviously Tesla only report deliveries
10:06
and so that does provide, it's not great
10:10
that the tax credits going away,
10:11
but it does provide maybe three months leeway.
10:14
I don't see too many EVs having more
10:17
than a three month waiting list.
10:18
Some popular trims of Teslas
10:20
and stuff have been selling out as it were.
10:23
Now the Federal Reserve chair, Jerome Powell,
10:25
hinted at a possible rate cut in September,
10:27
but Cox point out that even if the Fed cuts
10:30
rates in September, they only control short-term rates.
10:33
Auto loan rates follow the longer-term treasury yields,
10:37
like the 10 year yields, and they're not likely to change.
10:40
So auto loan rates should fall slowly
10:42
as loan performance improves, the economy gets stronger,
10:45
and that'll be a big relief for dealers next year
10:48
without the EV tax credit.
10:50
Now let's talk about media misinformation
10:52
hampering UK EV adoption.
10:55
If you've seen more headlines recently
10:56
that have been strangely anti-EV,
10:59
and I say recently, I mean probably the last year to 18 months,
11:02
if you've seen stuff about EV sales are falling
11:05
and the EV boom is over and some of the carmakers have been,
11:11
they went very early with saying,
11:13
oh, we're gonna be all EV by pick a date, 20, 28, 20, 30, whatever.
11:19
And some of them are changing their timelines
11:20
and that's absolutely fine.
11:21
All businesses need to do housekeeping, don't they?
11:26
EV adoption rates might be different in some parts of the world.
11:28
There's not a problem, but the way they get reported
11:31
has been extremely negative lately.
11:33
And if you thought the same as me,
11:37
that actually there's a lot of this going around,
11:39
well, someone's actually sat down
11:41
and done the hard yards on this.
11:43
This is a new piece of analysis.
11:45
Great PDF, by the way, I downloaded.
11:47
Very many, many pages.
11:49
It's an academic piece of research, it's a piece of analysis.
11:53
And it looks at specifically the UK's national newspapers.
11:58
And they found very high levels of misinformation
12:01
about electric vehicles.
12:02
Over the last six months, 25% of EV related articles
12:07
contained at least one misleading claim.
12:10
That's a quarter of all articles being,
12:12
well, it's a coin of phrase, fake news.
12:15
This comes just over a year after the House of Lords
12:18
called misinformation a main barrier to EV adoption
12:21
The study found misleading statements on several topics.
12:25
Many articles claimed UK demand for EVs is shrinking.
12:29
EV sales are rising.
12:31
Others said that EVs cost more,
12:33
but refused to talk about ongoing maintenance costs
12:37
and running costs and things like that.
12:39
That will save you, well, hundreds,
12:41
thousands of pounds a year,
12:43
depending on the mileage that you do.
12:46
This time of year, we're getting to the end of our summer here.
12:49
We've certainly had a lot of rain lately.
12:50
The last four, five days, it's felt like summer's over.
12:53
But still, I haven't paid to fill my EV up day to day.
12:57
That couple of long journeys that we did plug into the grid.
13:00
But I've been driving for free on the sunshine.
13:03
Okay, my panels weren't free.
13:06
And so, yeah, we amortized that over the cost.
13:08
You know, we're going to be here
13:10
because the school system's brilliant.
13:12
We love this little house.
13:13
Touch wood, fingers crossed.
13:15
We're not moving for, who knows, 10, 15 years.
13:18
I don't know, like my little girl's three.
13:20
And so she's got three years of infant school,
13:23
the way we do our school system here.
13:24
Three years of infant and then four years of junior school.
13:28
And so like, at least seven years, right?
13:30
And so we amortized the solar panels
13:32
over the cost of that.
13:33
It gets factored into the price of the house.
13:36
And so, yeah, they're not free,
13:38
but charging my car day in, day out
13:42
feels like it's free.
13:43
And that's great, isn't it?
13:45
Some reports suggested EVs are more likely to catch fire than not.
13:50
EV fires are 80 times less than a combustion car.
13:55
We're just used to combustion cars
13:57
setting themselves on fire.
13:58
That when it so rarely happens with an EV, it makes the news.
14:03
Now, this was done by the University of Oxford.
14:06
Simon Cox was the researcher and the report's author.
14:10
And he said a lot of this misinformation is
14:12
pultery using selective facts or anecdotes
14:16
designed to give a false impression.
14:18
Stories about someone's EV running out of battery
14:21
might have been a true story,
14:23
but they use a single story to suggest that all EVs
14:28
have very short ranges
14:29
and we're all driving around running out of electricity.
14:32
Colin Walker is the head of transport
14:34
at the Energy and Climate Intelligent Unit.
14:36
He said it's important for the public
14:38
to get accurate information about electric vehicles,
14:40
noting that most EV drivers have positive experiences,
14:43
but articles in the news don't reflect this.
14:45
Surveys show that more misinformation,
14:48
the more they believe, the less likely they would go EV.
14:51
This misinformation causes people to miss out
14:53
on savings of hundreds of pounds a year.
14:55
I've said this like many times on the podcast
14:58
Apologies if you've heard this speech before,
15:02
but I'm really passionate about it.
15:04
The type of people who could really do
15:07
with an electric car with very, very low running costs
15:12
and very low maintenance.
15:14
I can't think of the last maintenance I did,
15:16
I think I got a nail in the Polestar's tire.
15:19
I can't think of the...
15:20
Oh, and the MG had a yearly service schedule.
15:24
They did nothing for that.
15:26
They did, obviously.
15:26
They sent me a video of the underneath of the car
15:29
going, your car looks lovely, sir.
15:32
Please give us some money,
15:33
but you know how to do that for the warranty.
15:35
And so, apart from that,
15:38
the people that need it most,
15:40
safe, reliable transport that's so cheap to run,
15:45
are the people locked into buying cheap,
15:48
crappy combustion cars that cost a lot of money
15:51
in maintenance to keep going,
15:53
that are going to cost a lot of money at the pump.
15:55
And these are people who probably economically
16:01
but they're spending money on transport
16:04
when if they could get into an EV,
16:06
it would make so much of a difference.
16:09
And so, this misinformation about EVs being more expensive is,
16:13
like, it's really dangerous.
16:14
And go and look at some lease prices
16:15
and finance deals on EVs versus the combustion cars,
16:18
like the equivalent.
16:19
Like, go find a Peugeot E308,
16:22
you know, and have a look at what it cost to buy
16:24
the petrol hybrid version.
16:25
You'll be surprised at some of the deals
16:27
on the electric cars.
16:28
Now, they're cheaper than the petrol ones.
16:31
Now, Colin Walker also criticized the mixed messages
16:34
in media reports pointing out the one newspapers
16:36
claim EV demand is dropping.
16:38
Sales figures so the opposite.
16:40
Articles say this means the government
16:41
will miss their EV sales targets,
16:43
but ignoring the rules in those targets,
16:46
which are flexible.
16:47
The same reports note that when car makers
16:49
get more flexibility to meet the targets,
16:51
that creates inconsistency.
16:53
Walker wanted a warned that as global EV production grows,
16:57
the UK, where we export 80% of the cars we make,
17:01
the UK needs to keep up to protect our car industry.
17:04
He concluded that spreading misinformation,
17:06
lowers domestic EV demand,
17:08
hurting the car industry and jobs as well,
17:10
but there's nothing being done about it
17:12
apart from little old me making a podcast every day
17:16
to try and hopefully let you know
17:18
exactly what's going on in the EV industry.
17:22
So just to wrap up,
17:23
this analysis found that at 38% of articles
17:25
were negative, just 26% were positive articles
17:29
that they found in the last six months.
17:33
And survey show, again, the numbers change on this,
17:35
but it's anywhere between 95% and 98% of people
17:38
who drive an EV, I'm not going back.
17:40
Which is incredible.
17:41
Like you ask, I don't know,
17:43
someone who used to have an Android phone,
17:44
they've now got an iPhone,
17:46
you know, would you ever go back to Android?
17:48
You're not gonna get 98% of people saying,
17:50
no, maybe I will one day, I don't know.
17:52
Like, but when it comes to
17:53
will you go and drive a petrol car again,
17:55
EV drivers are genuinely,
17:57
genuinely, no, I'm not doing it.
17:59
This is much better.
18:00
All right, let's take a break after that.
18:03
I was gonna say mini rant.
18:04
I don't really do, I'm too old to do rants,
18:06
but or maybe I need to be older
18:08
to be a proper grumpy old man.
18:09
I don't know, but hopefully it wasn't a rant.
18:12
We'll talk about Norway and public EV charging costs.
18:16
Are they going up or down or just the same?
18:18
We'll tell you, stick around back in a moment.
18:22
The holidays are expensive.
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You're paying for gifts, travel,
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Well, the holidays have come and gone once again,
20:54
but if you've forgotten to get that special someone in your life a gift,
20:58
well, Mint Mobile is extending their holiday offer
21:01
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21:02
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All right, welcome back to the podcast.
21:24
Now, let's go to Norway.
21:26
The trip is booked.
21:27
I'm going in spring next year to go and check out
21:29
how EVs are doing in Norway.
21:31
But let's go to Norway and let's talk about the grid there
21:34
because one of those things that the newspaper articles
21:36
throwing back to our previous segment talk about,
21:39
one of the common, I don't know, things they hit EVs with is,
21:43
oh, when we all drive EV, the grid's going to melt.
21:45
And certainly that's something that somebody in the pub
21:48
might have said to you, your crazy uncle who's still on Facebook,
21:51
might have said, oh, well, I read, you know, on social media,
21:56
that when everyone drives EVs, the grid's going to melt.
22:01
Let's stick with that crazy uncle on Facebook.
22:03
Let's examine that.
22:04
Let's go to a country like Norway that's gone from zero
22:07
to 100% EV, I mean 95% or so in July,
22:11
but basically all new cars sold EV in Norway now, right?
22:14
So in 15 years, they've gone EV, surely the grid has melted, right?
22:19
Norwegians are just living in darkness
22:21
and eating dirt all the time, right?
22:24
Well, no, obviously.
22:26
But this is because that's another myth, another fallacy.
22:30
According to the Norwegian EV Association,
22:32
81% of BEV owners in Norway charge at home overnight.
22:38
And each BEV uses about as much as a hot water heater.
22:42
Norway generates 157 terawatt hours of electricity every year.
22:47
Okay, so now we know that, 157 terawatt hours a year.
22:52
They use 138 because they export some electricity.
22:56
And BEVs, bearing in mind, Norway is pretty much done.
23:01
BEVs use just 1.6 terawatt hours all year long.
23:07
If every passenger car in Norway turned electric overnight,
23:11
and obviously there's a lot of cars still on the road that are using combustion,
23:14
and a lot of those combustion fuels also require electricity by the way to refine,
23:18
but either way, if all passengers, I click my fingers and overnight,
23:23
they all went BEV, it would use between six and seven terawatt hours
23:29
out of a country that generates 157 terawatt hours every single year.
23:34
Ah, but what about buses and commercial vehicles?
23:37
All right, I can do the math on that.
23:38
We'll wrap them in, and that goes to another six to seven terawatt hours.
23:43
All of these amounts are tiny compared to Norway's total electricity.
23:48
Norway currently has 905,000 BEVs on the road.
23:52
About 30% of the car park is electric already,
23:56
so a lot of cars still to be replaced.
23:58
Electrification rates are 8.1% for small commercial vehicles,
24:02
14% for buses, 3% for trucks.
24:04
The government wants all new heavy-duty vehicles sold by the end of the decade
24:08
to be pure electric, and they're gonna get there,
24:12
led by the likes of Volvo and Scania, and guess what?
24:16
The grid ain't meltin' down.
24:18
The grid's doin' just fine, because BEVs don't melt the grid.
24:23
Woo, okay, this has been a good episode for a weekend podcast, hasn't it?
24:27
We're getting some stuff straight between us,
24:29
but you knew this already and I knew it already,
24:31
and that's not to say, by the way,
24:32
because I know that we can think about some interesting nuance things.
24:36
That's not to say the way you live,
24:39
and at the end of your road, or maybe in your town or wherever,
24:42
there might need to be some local electrical work going on,
24:48
and that's not to say that the grid hasn't,
24:51
you know, so here we have the national grid, for instance,
24:53
and then we have a bunch of entities around our electricity supply
24:57
that they haven't very, very clever people
24:59
been thinking about this for a very, very long time.
25:02
It's not like they've gone,
25:03
oh, we probably should have had a meeting about this.
25:10
Now, let's talk about public charging costs.
25:12
Then the July numbers are out from the AA.
25:15
They call it the recharge report showing public charging
25:18
is getting cheaper here in the UK.
25:20
The average flat rate slow charging
25:22
dropped by a penny to 49 pence per kilowatt hour,
25:26
and peak slow charging fell by two pence.
25:29
These drops follow the recent
25:30
off-gem domestic energy price cap reduction,
25:32
giving some relief to those using on-street charges.
25:35
Home charging, according to the AA's report,
25:37
home charging costs on average 26 pence per kilowatt hour.
25:42
What are you doing spending 26 pence per kilowatt hour
25:45
charging at home if you're not on Octopus Intelligent Go,
25:49
and I've got a friend's link somewhere,
25:51
somewhere, probably I haven't been on Twitter for years,
25:54
but it's probably pinned still to the top of my Twitter feed
25:59
with my referral link to Octopus.
26:00
So how are you spending 26 pence on home charging?
26:05
Gosh, whoever you go with,
26:06
and I'm with Octopus, they sponsor the podcast,
26:09
then please don't pay more than seven pence
26:12
for most of your EV charging.
26:14
Now, key charging rates, slow charging about 50p,
26:18
fast charging 62, rapid charging,
26:20
which is anything under 150 is 74,
26:23
and ultra rapid 78.
26:25
Yes, there are many of my American listeners going,
26:27
you pay 78 pence a unit.
26:31
Yes, it's a lot of money to have electricity,
26:34
DC fast charging here.
26:36
Okay, let's move on.
26:37
Porsche is considering simulated gear shifts
26:40
and fake engine noises in their EVs
26:42
a year after something they weren't going to do it.
26:44
The news came from the Drive website,
26:48
and Kyle Chiromcha was riding in a Porsche Cayenne EV prototype
26:53
alongside the program's manager, Sasha Nielsen,
26:57
engineers have recorded the Cayenne's V8 interior
27:00
and exterior sounds,
27:01
and might use them in electric mode.
27:06
we recorded noises from both the sound
27:07
it's making on the inside for the interior
27:09
and for the outside,
27:10
the sound coming out of the exhaust,
27:12
explaining they're combining classic V8 sounds
27:15
with the EV experience as well.
27:18
He also said that in theory,
27:19
if you introduce virtual gear shifts,
27:21
you could use the whole thing,
27:22
depending on how many virtual gears you introduced,
27:25
confirming it's in consideration at Porsche.
27:28
This was not an official press release,
27:30
this was the program manager talking to a journalist
27:33
on a ride along in the new Cayenne.
27:34
So, whether that was meant to come out or not,
27:39
maybe it was presumed to be on or off the record,
27:42
but it made the news reports in the Drive anyway.
27:45
And so, well, we'll wait and see.
27:47
Works really well in the Hyundai cars,
27:49
they're kind of the virtual shifting,
27:51
it's a nice little party trick.
27:53
So, EVs are often synonymous with high technology.
27:57
Dr. Frank Stephan Wallace, Bentley CEO,
28:00
says that digital features,
28:02
no matter how advanced,
28:03
don't equal luxury.
28:04
And I've been saying this for a very long time.
28:06
Big screens are not luxurious.
28:08
Now, Mercedes-Benz, obviously,
28:09
with things like the EQS and the Hyperscreen,
28:12
which is like a massive slab of glass,
28:15
to me, doesn't feel luxury.
28:18
All cars have got to have some screens at some point.
28:21
But I don't know, the very, very top end,
28:24
high tech doesn't always equal luxury.
28:26
I'm hoping this trend of massive screens
28:28
goes away at some point,
28:31
and the screens become a little more sensibly sized,
28:33
and we, I don't know, use a voice or something more.
28:35
Speaking to Newsweek, the CEO of Bentley,
28:39
said it will be maybe expensive,
28:45
We have the importance of craftsmanship,
28:47
comparing luxury cars to art,
28:50
saying that digital art hasn't achieved
28:52
a breakthrough status.
28:53
Digital art is not so successful.
28:56
Obviously, real art is.
28:58
The auto industry is going digital,
29:00
especially for Gen Z and millennials
29:02
who make up 70% of luxury spending.
29:05
They are looking for things like AI,
29:06
virtual reality, the latest technology.
29:09
But the CEO of Bentley insisting
29:11
that real luxury is about quality and craftsmanship.
29:15
He reinforced this view as Bentley
29:17
gets ready to launch their first EV.
29:18
Probably next year, we think.
29:20
Luxury brands rely on these methods.
29:22
Market changes, though, in some places
29:24
are really obviously causing some concern
29:26
in boardrooms around the world.
29:28
China shifted the landscape.
29:30
Chinese buyers, once big buyers
29:32
of Rolls Royces and Bentley's,
29:33
are now buying less of those
29:35
and going for homegrown EVs
29:36
that are full of technology.
29:38
So should the Germans copy
29:40
the Chinese and go high tech,
29:42
or stick to the guns, stick to what they know works,
29:46
but those sales numbers in China
29:48
are in decline, and so it's a tough one.
29:51
Now, summer car rentals are strong
29:54
with electric vehicles,
29:55
according to the company Liquid Fleet.
29:58
They say that they've reported
29:59
more customers trying EVs for the first time.
30:01
Businesses are going for short-term leases
30:03
because of economic uncertainty,
30:05
instead of the usual three to six-month agreements.
30:08
They're now nine to 15 months.
30:10
This covers more seasonal rental peaks as well.
30:12
Commercial director there, Martin Potter,
30:14
saying the summer rental market is buoyant.
30:16
We're supplying vehicles into the sector
30:19
at a time when we see EVs growing in interest.
30:23
Rentals have been slow to adopt EVs,
30:25
but new models with longer ranges
30:27
are changing this, according to him.
30:29
Now, garages need three key strategies
30:32
to stay competitive in the changing EV aftersales market.
30:35
Excellent service, creative pricing,
30:37
and investment in technology,
30:39
according to Fleet Assist.
30:41
Their recent analysis shows the cost differences
30:43
between combustion and electric minus service parts
30:46
for EVs are 18% cheaper than combustion.
30:50
EV fluids are 70% less expensive.
30:54
EV parts are 58% cheaper.
30:57
As more EVs are adopted,
30:58
service maintenance and repair businesses
31:00
face lower values for EV work.
31:03
This happens while costs like higher wages,
31:05
rising property rents,
31:07
and the need for specialist training are all increasing.
31:12
And finally, let's talk about the famous
31:14
comedian Jimmy Carr.
31:17
He has a classic Aston Martin DB6,
31:21
and he's had it converted by Electrogenic,
31:24
the Oxfordshire company turning an Aston Martin DB6
31:27
into a fully electric car.
31:29
From the outside, entirely original,
31:32
but now with no emissions and obviously reliability,
31:36
The electric motor is 197 horsepower,
31:40
It'll do 90 miles an hour,
31:42
and that's faster than it used to be.
31:45
60 kilowatt-hour battery inside,
31:47
150 miles of range it charges on CCS,
31:51
and Electrogenics conversions are interesting
31:53
because they're all fully reversible.
31:58
They don't cut a thing,
31:59
they don't weld anything,
32:01
and they don't drill anything.
32:04
So, if you wanted to return that Aston Martin DB6
32:08
to its completely original condition,
32:12
And again, I've seen, particularly on
32:14
things like Reddit forums and social media,
32:17
classic car enthusiasts bemoaning electric vehicles,
32:21
saying, I'm never going to put,
32:22
you know, change my electric,
32:23
my classic car to electric.
32:25
And firstly, why should you?
32:26
Because what's wrong with having an old engine?
32:28
If it's your hobby, we have horses still,
32:30
but it ride them to work.
32:32
But also if you do, then this company say,
32:35
it's fully reversible.
32:37
Modern features include one-pedal driving,
32:40
and they also make electric conversion kits
32:42
for classic Land Rover defenders,
32:44
Jagi types, even DeLorean's and Mini's.
32:47
They use full in-house CAD modeling
32:49
and their own engineering as well.
32:51
That's a very, very cool thing to do.
32:54
If you can afford it, Jimmy Carr's
32:55
enormously successful.
32:58
I think you can afford it.
32:58
And that's your podcast for today.
33:01
Thanks for listening,
33:02
and thanks to our premium partners,
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And remember, there's no such thing
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as a self-charging hybrid.
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