Big news last week in the world of electric cars with BMW formally launching their new i3 fully electric car model.
I have to say – and my friends will probably laugh – but my first thoughts were that this actually looks pretty great and if I was looking for a new car then this could be a good option. Then a few minutes of rational thinking took hold and I realised the significant barriers that the governments and car industry need to overcome before we see the tipping point of mass adoption of electric cars.
The big picture in the UK is to get to 1.7m electric cars on the road in the UK by 2020 but at just 0.1% of UK car sales there is clearly a long way to go – even with the UK government subsidising each vehicle by £5000.
Certainly having the weight of BMW entering the market with the i3 will help make these vehicles more attractive to the more affluent and they will no doubt push big marketing investment behind it to help position their brand as innovative and in touch with consumer interest.
However, for sales of electric vehicles to really take off I suspect a few barriers still need to be addressed:
1 – Cost – the BMW i3 was actually more affordable than I thought at £25,680 including the government and even though these are well kitted including satellite navigation this is still a 14% premium on the BMW 116d SE that already does 68.9 mpg and unlimited range for those looking at fuel efficient options. The Nissan Leaf at £15,990 is 45% more expensive than a new Nissan Micra.
I think that one of the ways that the industry can help with electric car adoption is to review the car ownership options more towards monthly contract options like mobile phones aided by the ongoing fuel savings.
2 – Future proofing the technology - when spending money on a new car we all want it hold as much value in the future as possible. Electric cars – and specifically the ongoing battery developments – run the risk of becoming ‘old technology’ very quickly thus making the investment even more risky. Manufacturers like BMW need to offer a guarantee that future improved batteries will be made to fit the current car models so customers can benefit and upgrade to new battery technology as it matures.
Ideally there should be a global standard to create a new competitive industry for low cost and ever improving electric car batteries.
3 – Charging points - much investment has already gone into electric car charging points in major cities with Manchester launching 200 new points in July this year. However, at the moment many of them remain unused waiting for the build up in electric car ownership.
One key barrier for me was owning a Victorian house. Whilst very advanced in many ways the Victorians lacked the foresight of creating a parking space for my house. Without that I – any millions of others in the UK – have no way to easily and securely charge my vehicle whilst at home. Parking is always an issue in busy Victorian towns like Kingston but if councils provided one residential charging bay for each main street then this would help people like me that want to take the plunge into electric cars but simply can’t.
Meanwhile I will stick with my diesel car and use my bicycle to ease my environmental concerns.