What is EV?

To start from the basic, EV is a short form for Electric Vehicle and it can be used to describe any type of vehicle that uses a form of electricity as a means to move.

While most of us have the impression that EV is a recent innovation, the first EV was invented in 1832 by a Scottish inventor, Robert Anderson.

Electric battery powered taxis was also available at the end of 1800s in London and they were nicknamed “hummingbirds” due to the humming sound it generated.

By Bundesarchiv, Bild 183-1990-1126-500 / CC-BY-SA 3.0, CC BY-SA 3.0 de, https://commons.wikimedia.org/w/index.php?curid=5348161

For myself, I started to be hear about EV due to Elon Musk and had the impression that Tesla was the first to build an electric car! For reference, Tesla first car, Tesla roadster started in 2008.

Fast forward to today, we have a wide range of electric cars manufacturers in the market, ranging from your conventional global carmakers like BMW, Nissan to specialized EV manufacturers like NIO and Xpeng.

Nio and Xpeng are listed in the US Nasdaq exchange.

Among the EV cars available in the market, I would categorize them into 3 broad category; Battery EV (BEV), Plug In Hybrid (PHEV) and Hybrid EV (HEV)

Battery EV also known as Pure EV cars are EV that only uses battery. They have low running cost and zero emission. The lack of charging infrastructure may be a cause of concern. An example would be the popular Nissan Leaf

Plug In Hybrid are cars are powered by petrol and electricity. They can be recharged by plugging into a charging station as well as its engine and generator. Toyota Prius is a good example of a Plug in Hybrid (PEHV)

Hybrid Cars are powered by both petrol and electricity. The electricity is generated by the car’s braking system to recharge the battery. These cars are getting more popular in Singapore as they offer better fuel efficiency and excellent range.

Personally I see immense opportunities in the Plug-In Hybrid space as cities around the world transit into a widespread EV adoption landscape. This will require investment in infrastructure and education and offer opportunities in niche area in the EV value chain.

This is akin to the major industrial revolution when major developments in power generation changes the world. Over the next few years, we will probably get to see more technology developments in the battery and charging station.

Over the last 20 years, we have seen so many technological advances and improvement in many aspect of our life. I am confident that we will see a cleaner, greener automobile industry in the near future too. So buckle up and join me in this journey.

Sideslide photo credits:
By Alexander Migl – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=67118259
By Jengtingchen – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=73471400
By Jengtingchen – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=94916949

black and white browsing business coffee

Starting from scratch

Hello everyone. Welcome to EVcities.com

This is my first post and I thought of sharing with you how my website building process has been like and the motivation behind this website. I made an account on 13th Oct and it already took me several hours to decide on a domain name. Wasn’t easy at all because I wanted to find a relevant name and most of my ideal names was already taken. Finally decided on EVcities.com because I hope to to capture the growth of EV industry in the cities around us and sharing on this website.

Following which, I’ve spend the last few days setting up this website, exploring the various themes available in WordPress, fiddling around with the various options in the menu bar, linking up this website with newly created Facebook page and Instagram and honestly, procrastinating how to start this website and start writing. Also worrying if I will even get any visitors to my website!

As what I’ve shared in my about page, I am a private banker based in Singapore and has been advising clients on wealth management over the last decade. Since 2015, some of my clients have been investing into EV listed companies and over the last 5 years, I’m starting to see more wide spread acceptance of EV in Singapore.

Truth is, I still do not know much about EV. I am not technological savvy and I am still driving a conventional internal combustion engine (ICE) car. And I think that there are many folks out there in a similar situation as me. Interested in EV and had a strong conviction that there could be lots of business opportunities in this space but not very sure where to start.

So, with this website, I hope to collate information in this industry, simplifying into 4 key segments as follows;

Cars – Rather than all EV, I thought of zooming into passenger cars, given the likelihood of a larger audience interest. Maybe in future, I will look into expanding into the personal mobility EV and industrial/commercial EV

Battery – I think one of the key component on EV will be in this area. Frankly I think this will be a technical and dry topic but its probably the most important aspect for widespread adoption.

Infrastructure – Under this segment, I hope to collate relevant information on government policies, technology developments that will allow the public have easy access to charging stations will allow everyone to embrace EV adoption. Also this will be a critical segment for potential business opportunities as interest in EV in this region grows.

Financial News – This is probably the segment I will be most comfortable in updating, given my background in the financial market. It is also important that any information updated in this segment is not an financial advice nor construed as such.

In future, if I can grow this website to be key meeting point for like minded enthusiasts, I can probably set up another segment Marketplace where business owners can share their product offerings in the EV space!

So please do join me on this journey.