When will electric-powered cars become a practical choice for ordinary people? The question hangs in the air at the Paris Motor Show, where Volkswagen, Mercedes-Benz and General Motors among others are showing off electric cars they hope are the on-ramp to a profitable future.
Volkswagen compared its ID electric compact to its historic Beetle and mainstay Golf models and said it was the leading edge of 30 new electric models it plans to put out by 2025.
Daimler touted the Mercedes-Benz EQ, a battery-powered crossover 4x4 concept. The vehicle aims to illustrate the company’s longer term strategy that connects electric cars with other new technology, such as autonomous driving and vehicle sharing.
The company aims for 10 electric vehicles by 2025, making up 15 to 25 per cent of global sales — a bold prediction that was immediately tempered by Daimler saying that was based on “continued development of infrastructure and customer preferences”.
Daimler said it needs to prepare for electric mobility as a mass phenomenon yet remain flexible if demand is lower — or even higher — than predicted.
Subsidies and incentives have been key in government efforts to help electric vehicles get a foothold. That has been the case in urban areas such as Norway’s greater Oslo area, around San Jose, California, and in Shanghai, China.
But companies are also laying the groundwork for the day when the cost of electric falls to, or below, that of internal combustion. It is a day that some analysts think is only a few years off. When that happens, sales could hit a tipping point — a moment car makers want to be ready for.
The arrival of such an “E-Day” could be accelerated by increasing government regulation mandating lower average emissions and higher mileage. Electrics in the product line-up would help car makers meet new, lower European Union limits on greenhouse gas emissions blamed by scientists for global warming that go into effect in 2021. In the United States, nine states have followed California in adopting a requirement that 15 per cent of new vehicles sales be zero-emission vehicles by 2025.
Bloomberg New Energy Finance issued a report in August that predicted electrics would match internal combustion vehicles in ownership costs in 2022, assuming oil prices of US$50 to $70 per barrel and battery prices of $125 per kilowatt hour. That key cost has fallen from $1,000 per kilowatt hour in 2010 to about $350 per kilowatt hour today — faster than many expected.
Thomas Turrentine, the director of the Plug-In Hybrid and Electric Vehicle Research Center at the University of California, says electrics will reach price parity “after 2020” but still might need some incentives to win over consumers.
He said the key will be the usual motive: “Once there’s profit, you will see the car companies rush in and make more investments” in production.
Brett Smith, an expert on alternative power trains at the Center for Automotive Research in Michigan, cautions that car makers will still face a lot of consumer hurdles to overcome.
Those include battery durability, places to charge up, charging times, and reluctance to commit hard-earned cash to unfamiliar technology.
“In the midterm, it offers uncertainty. Most buyers are going to trust what they know, and most buyers don’t know electrics,” Mr Smith said.
The Renault-Nissan chief executive Carlos Ghosn said consumer choices can change, if the technology does. The company makes the Leaf battery-only electric.
“It’s like with a smartphone, in the beginning you had eight hours charging for 30 minutes of discussion,” Mr Ghosn said. “Today it is the reverse.”
“You need time for technology to do its job.”
The Paris show of course had its share of head-turners; an obscenely powerful hybrid sports car, a family-friendly 4x4 with enough space for seven adults, and an electric vehicle that promises to keep going for over 500 kilometres on a single charge.
But, as es executives ponder the arrival of the electric revolution, right now they have some cars they want to sell.
Here are some of the vehicles getting the most attention at the show, which runs through October 16.
LaFerarri Aperta
This limited edition of the Ferrari’s LaFerrari supercar is a hybrid, meaning its electric motor assists the monster 12-cylinder internal combustion engine to add even more powerful acceleration. The car does 0-100kph in less than three seconds, and offers a top speed of 350kph. All 200 are already sold at prices of €1.8 million (Dh7.4m) to €2m.
Porsche Panamera 4 E-Hybrid
The all-wheel drive car draws on the technology used in the company’s 918 Spyder supercar so that the electric motor continually adds power; the car accelerates to 100kph in just 4.6 seconds and reaches a top speed of 270kph.
It can go up to 50km on just the battery and emits a relatively low 56 grams per kilometre of the greenhouse gas carbon dioxide. The vehicle goes on sale in November. The price in France is €110,222, including value-added tax.
Jaguar Land Rover Discovery
The first complete redesign of the Discovery in 12 years, this family oriented large 4x4 has room for seven adults in three rows. The seats can be rearranged remotely through a smartphone app even when the operator is outside the vehicle, and the second and third rows can fold flat in 14 seconds. The suspension automatically lowers the car 4 centimetres (1.5 inches) to make it easier to get in and out. There are six charging points, places to store iPads, nine USB ports, and a 4G WiFi hotspot that can handle up to eight devices. There are three diesel variants of 180, 240 and 258 horsepower and a 340 horsepower petrol engine. Prices start at €50,900 and head north to €74,300.
Opel Ampera-E
This is the European version of the Chevrolet Bolt five-door hatchback going on sale this year in the United States and early next year in Europe. It has a range of 383km under the US standard on a full charge; the company promises a 500km range as measured by the European standard. It claims drivers can add 150km in 30 minutes of charging.
The US manufacturer’s suggested retail price is US$37,495, which does not count the tax break of up to $7,500.
BMW X2
BMW showed off a potential new addition to its X-series of 4x4s and crossovers. The company calls it a “sport-activity coupe”.
It is still a concept car, meaning there is no date for it to go on sale or price information.
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ABU DHABI ORDER OF PLAY
Starting at 10am:
Daria Kasatkina v Qiang Wang
Veronika Kudermetova v Annet Kontaveit (10)
Maria Sakkari (9) v Anastasia Potapova
Anastasia Pavlyuchenkova v Ons Jabeur (15)
Donna Vekic (16) v Bernarda Pera
Ekaterina Alexandrova v Zarina Diyas
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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UAE currency: the story behind the money in your pockets
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
How to vote
Canadians living in the UAE can register to vote online and be added to the International Register of Electors.
They'll then be sent a special ballot voting kit by mail either to their address, the Consulate General of Canada to the UAE in Dubai or The Embassy of Canada in Abu Dhabi
Registered voters mark the ballot with their choice and must send it back by 6pm Eastern time on October 21 (2am next Friday)
SECRET%20INVASION
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MATCH INFO
Chelsea 1 (Hudson-Odoi 90 1')
Manchester City 3 (Gundogan 18', Foden 21', De Bruyne 34')
Man of the match: Ilkay Gundogan (Man City)
If you go…
Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.
Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days.
How to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
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Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
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Zayed Sustainability Prize
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Studying addiction
This month, Dubai Medical College launched the Middle East’s first master's programme in addiction science.
Together with the Erada Centre for Treatment and Rehabilitation, the college offers a two-year master’s course as well as a one-year diploma in the same subject.
The move was announced earlier this year and is part of a new drive to combat drug abuse and increase the region’s capacity for treating drug addiction.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
INFO
More from Neighbourhood Watch:
Top New Zealand cop on policing the virtual world
New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.
The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.
Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.
“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.
"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."
Naga
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