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The news of the mergers of two automotive conglomerates - PSA & FCA - makes a lot of sense. They both have volume vehicles in the same hotly contested segments, where margins are tight, the customer has choice and investment requirements are high.
Individually, both partners had previously announced significant investment in electrification of their fleet (PSA more so than FCA), but overall lagged behind their peers in the industry race to electrify transport.
E-mobility and EVs. Smart charging and Vehicle-to-Grid. ACES*... I think it's fair to say that over the last 2-3 years, these terms have - to a greater or lesser extent - become a common part of everyday vocabulary if you are in any way interested in the future of the energy industry.
And for good reason. At the end of 2013, there were around 123,000 plug-in electric vehicles on Europe's roads. Today, that number is more than 1.5 million, rising all the time, and they all need charging up occasionally**.
A recent study from Imperial College London, in partnership with UK energy company Drax Group, investigated the green credentials of different types of vehicles, to put to bed the question “are EVs genuinely better for the environment?”
It concluded that, yes, going electric is definitely a win for reducing emissions. However, the premium electric models coming to market today have a considerably greater carbon footprint than the electric models of the past. I want to explore this market development further; could it be that customer desire for range will actually drive up carbon emissions?
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