JET Charge appointed recommended EV Charging hardware supplier and installer for Volvo Australia

JET Charge have been appointed the recommended hardware supplier and installer for Volvo Car Australia, in anticipation of their upcoming launch of the new XC90 T8 Plug In Hybrid.

The XC90 T8 is the first Plug In Hybrid for Volvo in Australia, and represents Volvo's commitment to an electric future.  In what is a very clever move by Volvo, the T8 variant is also the most powerful in the Volvo XC90 range, meaning people will be attracted to it not only for its environmental credentials, but also for its grunt.

Volvo have said they are aiming to sell 1 million electric cars by 2025.  A very worthwhile and meaningful goal!  We think they can sell more.

JET Charge will be supplying our trusted Wallpods to all Volvo dealerships and Volvo customers.  Our team of national EV charging experts will perform the installations at dealerships and at customers' homes.

We will also be providing dealership training and support on all things to do with EV charging.

Our full service offering, experience in "on the ground" EV charging, and history of customer excellence are among the reasons we were appointed.

As the EV market in Australia matures, car manufacturers are starting to recognise the benefit of more specialist EV charging service companies like JET Charge, who can offer the kind of customer experience and expertise that their clients are used to.

We look forward to an electric future with Volvo Car Australia!

 

Battery prices are falling faster than anyone could have predicted

Last year, a paper was published by Bjorn Nykvist and Mans Nilsson analysing experts' predictions on battery prices and "best guess" manufacturer pricing.  We at JET Charge thought it gave a really great insight into where companies are right now in terms of their battery costs, and where they might fall in the future.  Link over here.

Above all, it reinforced our belief that EVs will one day become cheaper to produce than petrol cars, which would drastically raise the market penetration of EVs, even without any government intervention.

Well, in light of GM's latest Bolt project in the US, we thought it was time to revisit this graph, but with one new KEY price point.

That's right, GM is buying batteries from LG at the price of $145/kWh, which means that in 2016, we have already dropped below the price for batteries that many expect will lead to the mass commercialisation of EVs.  This wasn't due to happen until AT LEAST 2025 or 2030!

Additionally, GM said last year that they were expecting battery prices to hit $100/kWh by 2022.  At these prices, EVs are set to dominate.

You can read about it here: http://insideevs.com/gm-chevrolet-bolt-for-2016-145kwh-cell-cost-volt-margin-improves-3500/

The research paper says:

"If costs reach as low as $150 per kilowatt-hour this means that electric vehicles will probably move beyond niche applications and begin to penetrate the market more widely, leading to a potential paradigm shift in vehicle technology."

We are definitely excited by this "paradigm shift", and have already experienced it first hand.  We hope you're excited by it too!

 

 

The unmathematical mathematical answer to EV pleasure and range**

We're not mathematicians.  Can we add a few numbers together?  Sure.  Formulas in Excel - yeah of course.  Quantitative analysis of standard deviations of a normal curve analysing the behavioural trends of EV drivers versus petrol drivers?  I'm sorry, what?

This is not a post about the long term economic benefits of buying an EV, there is a whole internet worth of studies on that - this is about range and putting a figure on "pleasure".

Anyway, lots of people have said to us that they won't buy EVs because they drive long distances, or may want to take a road trip...some time...in the future...yeah.  I don't think anyone has ever said that EVs are good for all people.  If you are a long haul driver, probably not great for you.

But EVs are good for the majority of people who drive 50km or less a day. 

Assuming that out of those people, they have a choice to buy an EV or a petrol car, all other things being equal.

We then assume that these people spend 95% of their time driving 50km or less a day, and 5% of their time taking road trips.

Based on a plethora of research, let's also assume that driving an EV is more fun and relaxing than driving a petrol car.  Consumer Reports have said that from their survey, Tesla Model S owners have a satisfaction rating of 98%, versus the average which was 70%.  But let's discount that a little to account for all EVs.

Let's give EVs then a satisfaction rating of 0.85 and petrol cars a satisfaction rating of 0.7.  By the way - let's throw away supercars and hypercars from this analysis because it's not relevant for 99.999999% of people.

However, EVs can't go on long road trips, so for that last 5%, they have a satisfaction rating of 0, whereas petrol cars retain their satisfaction rating of 0.7.

So mathematically:

EV overall pleasure rating = 0.85 * 0.95 + 0 * 0.05 = 0.8075

Petrol car overall pleasure rating = 0.7 * 0.95 + 0.7*0.05 = 0.7

There you have it - if we can put a mathematical rating on pleasure, and specifically the pleasure of driving an EV - it turns out you should definitely buy an EV.

But you don't need to take our word for it.  It's maths.  QED*.

*We're not sure what QED means but it sounds cool.

** This post is supposed to be both entertaining and informative.  Please do not base life decisions on the maths contained herein.  We are not mathematicians.