Electric Cars. Coming Your Way Soon.

July 2, 2019

An upmarket Electric Vehicle Made by Dyson.

Did you know?

The technology genius behind Dyson Vacuum cleaners, hand and hair dryers and air purifiers, James Dyson, is using his technological design skills to design and launch an all new electric car.

He is hoping to be able to have it on the market within 2 years. Late 2021.

He has recently released a schematic drawing of the car. see Fig 1 below.

This is a patented drawing and reveals only very general detail.

The project is projected to cost over $4.6 billion and is reportedly spending nearly $2 billion this year alone.

James Dyson, a multi billionaire is the chairman of Dyson, who design, produce and market more than 60 consumer products that generated sales of over $5.8 billion USD dollars last year.

Mr. Dyson appears to be well resourced and well advanced with his plans to produce an electric vehicle to rival the others that are entering this market.

Dyson employs nearly 6000 engineers around the world and the company says it invests USD$ 40 million per month in research and product development.

New Electric Car to Be Built in Singapore.

The new Dyson electric car, in a move that surprised some industry insiders has decided to build the car in Singapore.

He is building a factory to assemble the cars in Singapore where the company already employs over1100 people to make its household products. He sees Singapore as a key location for supplying cars to what he believes will become the major markets for Electric vehicles. Asia in general and China specifically.

He has explained to his employees that Singapore offers easy access to our potential customers as well as an extensive supply chain, a reliable highly skilled workforce and stable government. Singapore has a higher cost base compared to some other countries, but made up for this with great technology, expertise, focus and a favourable tax environment.

This makes Singapore the right place to make high-quality, high technology vehicles.

Dyson has targeted a motor industry heavyweight in Roland Krueger, Roland was the president of Nissan’s luxury division. (Infinity). He is to head up Dyson’s electric vehicle division.

Dyson has said that Mr. Krueger’s appointment proves how serious they are about the electric car project.

New Battery Technologies.

Dyson, the company and the man believe that their expertise in developing cordless battery powered technology will give them an edge in the marketplace.

Pprototypes currently under development will be in production at the plant next year.

Mr. Dyson says that the company has a history of innovation in electric motor and battery design that has a lot of application in the electric vehicle world.

The Dyson companies move to have nearly all its products cordless is looking for new and innovative battery technologies and is researching and developing solid-state batteries that are quicker to charge and hold more charge than the current crop of batteries.

Dyson has said the vehicle will be sold in a limited number of markets at first.

China is likely to be the first market that Dyson would enter.

The new electric vehicle would be designed by Dyson, manufactured by Dyson and the proposal is that it would be sold by Dyson.

It is proposed the cars will be fitted with Dyson’s air purifying technology to protect their drivers.

New and Used Car Pricing for Electric Cars.

Electric cars are often more expensive than comparable petrol- or diesel-powered vehicles.

Up front pricing or sticker shock often puts buyers off purchasing electric vehicles.

People are often turned off by upfront prices, people tend to consider the upfront cost more than overall cost to own.

Electricity is much cheaper than petrol or diesel and electric vehicles are highly efficient and the big plus and selling point is that they significantly reduce pollution.

Electric cars have much lower fuel costs and fewer parts to break down than vehicles with internal combustion engines.

When it comes to losing value, electric and hybrid car owners face some shocking rates of depreciation according to industry commentators, valuers and used motor vehicle dealers.

On average someone looking to sell a car purchased five years ago can expect to recover about 30% to 40% of the initial purchase price.

Electric Vehicles and most hybrid cars, the average depreciation is closer to 60% to 70% or more.

Electric vehicles have much lower operating costs and this should boost their resale value, but several things work against that:

1. Some electric and plugin hybrids come with government incentives.

Those incentives aren’t available to used car buyers.

2. The range of electric vehicles has been very limited, and a lack of infrastructure has also prevented the public from fully embracing electric vehicles.

This lowers their popularity in the resale market. There are less used car buyers interested in electric vehicles.

3. The biggest reduction in used electric vehicle values comes down to technology. electric vehicle technology is evolving rapidly.

The electric cars produced in the past have a much shorter range, longer charging times and fewer features than newer models. (80 to 100 klms range)

The 2018 and 2019 models advertise 250 kilometers range and improvements in battery technology that are due in the very near future are promising to boost that to up to 350 kilometers.

The technology is changing at such a rapid pace that older models with outdated technology aren’t popular.

As electric vehicles develop longer distance (range) before recharging and increased capacity for fast charging, this will make them more popular.

Other improvements that are needed for wider acceptance are charging infrastructure and speed of charging.

As the technological innovations from model to model and year-to-year lessen, the uptake of electric vehicles will increase, and the depreciation gap should narrow.

www.loans123.com.au can help you to finance your next electric vehicle.

The Tyranny of Distance.

Will battery powered cars ever have enough battery life and or charging stations to be effective in country Australia otherwise known as the Outback.

In Western Australia, leaving from Perth, and heading north to Broome (2,241.2 kilometers) it can be hard enough to find a service station or roadhouse for petrol or diesel.

They are often hundreds of kilometers apart.

Even going south from Perth to Esperance 714 klm is a 7hour 30-minute drive. Mandurah to Albany is Albany is 304 klm and a 4-hour 20-minute drive.

Will battery technology ever meet the need to travel such vast distances.

Watch this space.

This the patented picture that Dyson has released to the market.

The All New Hyundai Kona Electric Highlander.

This is an example of new technology that is currently on the market that is streets ahead of Electric cars produced even 3 years ago.

This will Impact the resale values of older electric cars (in a negative way) that do not have the range, options and warranty that this new generation Hyundai electric has.

Longer range, quicker charging times combined with Hyundai backing the Kona electric vehicle with an amazing 8 year/160,000 KLM warranty.

With a claimed (from road tests results) and very achievable 449km driving range, the Kona Electric has raised the bar for electric vehicles currently sold in Australia.

Perfect for daily use and even longer drives and road trips.

You will come to enjoy the savings that come without having to buy petrol and the flexibility that comes with electric charging.

The Kona Electric emits zero emissions, it is a compact SUV that delivers instant acceleration, with over 400Km range on one charge.

The Highlander electric Kona is being released as Australia’s first 100% electric small/compact SUV.

The Kona Electric has technology to charge your battery as you drive.

You can switch to ECO+ drive mode to conserve power or use the paddle shifters to set smart regenerative braking.

This will recharge the cars battery whenever the car is coasting or when the brakes are applied to help extend your driving range.

Charging times and Charging Options.

This is one of the downsides of an electric vehicle. Charging times.

Even the times shown here show that there is still a long way to go between what the car buying public expect as an acceptable charging time and what is actually available.

You can charge your car at home, at work (if the lead will reach) or at one of the charging stations that are being (slowly) rolled out.

You may be able to take advantage of off-peak charging times to increase your savings and may even be able to plug in at work free of charge.

The home charger improves charge times by utilising a high amperage power supply. It takes approximately 9 hours 35 minutes for a full charge.

DC fast charging station (DC).

The Kona Electric is capable of utilising a commercial DC fast charging station with a maximum charging capacity of 100kW. It can recharge to 80% in 54 minutes when connected to a 100kW DC station or in 75 minutes when connected to a 50kW station. You can use your multimedia touchscreen to find the nearest DC fast charging station. This is ok if you plan on having lunch or dinner near a charging station.

Emergency charging cable.

Every Kona Electric comes with an In-Cable Control Box (ICCB). This emergency cable can be used to charge the car from a regular household 240V AC 3-prong power outlet, and takes approximately 28 hours for a full charge

Photo of the smart new Kona Electric courtesy of Hyundai Motor company Australia Pty Ltd