Tag: #evs

The Safest Yet Budget-Friendly Electric Cars Ranked

A recent study by Bruning Law Firm ranks electric vehicles (EVs) based on a composite score that equally weights crashability and affordability. Crashability was calculated using fatal crash data for 4 years, normalized as crashes per 10,000 cars sold. Affordability was measured using each vehicle’s starting MSRP. These two metrics were combined using Min-Max Scaling to generate a balanced composite score. Rankings highlight EVs that offer the strongest combination of low crash risk and entry-level pricing.

You can access the full research findings here.
Hyundai Kona Electric ranks first with a composite score of 82, offering the best balance of safety and price among all models analyzed. With just 0.96 crashes per 10K cars and a base MSRP of $32,975, it scores high on both metrics. Though not the cheapest on the list, its lower crash rate contributes significantly to its top placement.
Coming in second with a composite score of 81, the Chevrolet Bolt EV delivers a strong mix of affordability and crash performance. With a starting price of $30,000, it is one of the most affordable options. It experiences 2.10 crashes, a higher rate than some top contenders, but its low MSRP boosts its affordability score enough to earn it the second spot overall.
In third place, the Ford Mustang Mach-E earns a score of 80, driven mainly by its class-leading crash safety. It logs only 0.29 adjusted crashes, the lowest crash rate of any EV analyzed. Its higher MSRP of $38,490 slightly reduces its affordability score, pushing it into third place despite leading in safety.
The Volkswagen ID.4 holds the fourth spot with a score of 76, providing a solid mix of safety and cost-efficiency. It has a moderate crash rate of 0.54 and a starting price of $46,520. While not the cheapest, its strong crash performance keeps it among the top five.
The Nissan Leaf secures the fifth spot, supported by its relatively low price point. Although the Leaf logs 5.39 crashes, one of the highest among top-half vehicles, its $28,140 starting price helps it secure a solid ranking. Its popularity as an early-market EV may contribute to its higher crash exposure.
Tesla’s Model Y takes sixth place with a score of 75, combining brand reputation with a well-rounded safety profile. With 1.01 crashes and a $46,000 MSRP, it maintains a balanced position aided by strong safety metrics despite a higher entry price compared to others.
Holding the seventh position, the Audi e-tron earns a score of 74 by pairing low crash rates with a luxury price tag. It shares a 0.52 crash rate but comes with a steeper MSRP of $49,800, making it one of the most expensive on the list. Its high crashability score helps maintain a competitive rank.
With a score of 73, Tesla’s Model 3 comes in eighth, impacted by both its crash rate and price point. It logs 2.56 crashes, higher than most top-10 models. Its $44,130 base price also weakens its affordability, pushing it to eighth place.
The Kia Niro ranks ninth with a score of 44, reflecting its imbalance between low pricing and high crash frequency. Despite having the lowest MSRP at $20,490, it has a strikingly high crash rate of 26.58. Its safety performance significantly reduces its overall ranking despite being the most budget-friendly.
Finishing in tenth place with a composite score of 28.99, the Hyundai Ioniq trails the list in both crash safety and affordability. It shows the highest crash rate of 29.05 and a price tag of $42,600, landing it last on the list. Neither metric supports a high-value position.

2025 to be the year of electric vehicles

The TCS Future-Ready eMobility Study 2025, released at the Detroit Auto Show reveals new insights in the EV ecosystem

A new study by  Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, reveals that more than 6 out of 10 (64%) consumers are likely or very likely to consider an electric vehicle (EV) for their next purchase. The TCS Future-Ready eMobility Study 2025, a comprehensive report on how EVs are shaping the future of sustainable mobility, also highlights that while 60% of consumers said charging infrastructure was a major challenge, 56% were ready to pay up to $40K for an EV.

This study surveyed over 1,300 anonymous respondents across North America (USA, Canada), United Kingdom & Ireland, Continental Europe (Belgium, Denmark, Finland, France, Germany, Netherlands, Norway, Sweden, Switzerland) and APAC (China, India, Japan, ANZ). The respondents for the survey included transport manufacturers, charging infrastructure players, fleet adopters, consumers and EV adoption influencers.

Sustainability and lower operational costs were key factors driving EV adoption, according to the study. While consumers and influencers highlighted a clear motivation for EV adoption as ‘environmental sustainability’, the environmental benefits did not match the expectations of many EV influencers. Nearly 48% EV influencers said EVs increase the overall carbon output just as much as they reduce it, with 10% even saying EV adoption is negatively impacting the environment. Commercial fleets maintain a positive outlook towards electric mobility, with a sizable percentage—53%—pointing to reducing operational costs as a primary motivation. Fleet adopters were willing to pay a premium for EVs than for traditional internal combustion engine (ICE) vehicles.

Despite the growing interest in EVs among consumers, significant challenges remain, particularly in the areas of charging infrastructure and technological advancements. While 74% of EV manufacturers said the lack of appropriate charging infrastructure remains the biggest obstacle limiting growth in the EV market, 55% have already started investing in innovation for battery technology advancements. Nearly 78% are making investments to reduce vehicle costs to cater to growing demand for EVs.

Anupam Singhal, President, Manufacturing, TCS, said, “The electric vehicle industry is at a defining crossroad, navigating the complexities of scale and transformation. While nearly two-thirds of consumers are open to choosing electric for their next vehicle, manufacturers face challenges like advancing battery technology, complex vehicle designs, and production economics. At TCS, our Future-Ready Mobility vision focuses on creating an interconnected ecosystem powered by AI and Gen AI to drive smarter decision-making, enhanced customer experiences, and deliver scalable, sustainable solutions. By addressing these critical challenges, we are accelerating the global shift toward electrified and sustainable transportation.”

The survey indicates that 90% of manufacturers believe that improvements in battery technology will enhance range and charging speed and will significantly impact the design and performance of EVs in the near term compared to other technological advancements.

Key results from the survey, which can be found at TCS Future-Ready eMobility Study 2025, include-

  • 90% EV manufacturers and 84% of EV Influencers said battery technology improvements to optimise range and charging speed will have a large impact on design and performance of EVs
  • 74% of manufacturers believed charging infrastructure remains the biggest obstacle limiting EV market growth
  • 72% of EV charging infrastructure players are expecting significant mergers in the EV space driven by financial viability and scaling challenges
  • 41% consumers said that an acceptable EV range on a single charge is 200-300 miles, followed by 31% respondents who felt 300-400 miles is a better deal
  • 63% EV influencers said their primary motivation for EV adoption is to achieve net-zero goals and reduce carbon footprint
  • 55% of EV manufacturers are investing in R&D for battery technology advancements, while 78% are investing in vehicle cost reduction
  • 72% US consumers are likely or very likely to purchase an EV as their next vehicle, compared to less than 31% of Japanese consumers

In a world quickly moving towards electric mobility, TCS’ vision for future-ready mobility combines technological innovation, strategic collaboration, and deep expertise to empower manufacturers and EV stakeholders to navigate change. TCS drives change across the mobility value chain, from vehicle design and gigafactory planning to digital platforms, generative AI, and personalised customer experiences.

Focused on sustainable mobility and measurable value, it partners with customers to shape a bold, sustainable future. For over two decades, TCS has been a strategic partner to OEMs, helping them on their ICE to EV transformation journey. It has helped deploy Battery Management System (BMS) Software for 500,000+ EVs on-road globally and establish EV charging infrastructure for 75+ countries for OEMs.

Other EV news

NIRA Dynamics and GPS Tuner collaborate to include road hazard warnings in EV routing software

Improving their offering of efficient electric vehicle journey, GPS Tuner Systems Kft. has become the first to integrate alert data from NIRA Dynamics in an EV routing application. This collaboration is set to redefine how EV drivers experience the road, offering not just directions but a deeper, more insightful understanding of road conditions. The integration was officially launched at the London EV Show.

The collaboration between NIRA Dynamics and GPS Tuner Systems brings a new dimension to EV navigation by incorporating real-time road perception data. This innovation allows drivers to safely navigate through diverse weather conditions and varying road quality, significantly enhancing both safety and efficiency. With the ability to receive timely warnings about slippery conditions and damaged surfaces, drivers can make informed decisions that prioritize safety and optimize travel routes.

“The integration of NIRA’s advanced road perception data into our navigation system represents a significant leap forward in how drivers interact with their environment”, said Gabor Tarnok, CEO of GPS Tuner. By harnessing real-time alerts, we can provide our users with not just directions but a comprehensive understanding of road conditions, making every journey safer and more efficient.

As the collaboration unfolds, the EV navigation app will continue to evolve, adapting to the full dataset from NIRA Dynamics. This evolution promises more accurate range calculations, enabling drivers to plan their journeys with greater confidence and peace of mind.

This is just the beginning of the journey. The partnership is poised to set new standards in EV navigation, making it an indispensable tool for drivers seeking safety and efficiency. Road conditions and weather has a significant impact on range calculations and GPS Tuner aims to deliver an application that lets drivers plan their trips without range anxiety.

Stay tuned for more updates on this great collaboration and its impact on the world of electric vehicles.

Car subscriptions could be the catalyst for greener mobility in Europe

Europe’s recent uptick in electric vehicle sales hasn’t been enough to reverse a year in decline. According to international car experts, car subscription models hold significant untapped potential that could advance Europe’s green mobility.

Electric vehicle sales in Europe increased in October with a total of 124,907 new EVs being registered, representing an uptick of around 2% compared to the same month the year before. However, the small gain isn’t enough to turn around this year’s negative trend, as year-to-date EV sales are still 5% lower than last year, according to figures from trade organization the European Automobile Manufacturers Association (ACEA).

David Bailey, professor of Business Economics at Birmingham Business School, says that car subscriptions could be key to advancing the uptake of electric cars in Europe.

– Car subscription models are a great way for consumers to ‘dip their toes’ into the EV market. Drivers are sometimes hesitant about adopting this new technology due to high upfront costs and fears about range and charging and uncertainty regarding resale value, says David Bailey, adding:

– A car subscription model allows consumers to see if EVs fit their lifestyles and whether they are cost-effective for them. Car subscriptions don’t tie people down for long periods, so they can enable consumers to try EVs while minimizing risk.

Car subscription service :Dribe, which is owned by Denmark’s largest automotive player, Semler Gruppen, offers a fully digital customer journey and open-ended subscription, giving subscribers full control and the flexibility to adapt their subscription and vehicle to match their dynamic needs at their convenience – be it an EV or a conventional solution, says CEO at :Dribe Jesper Hill-Kjærsgaard.

– When the customer has the flexibility to choose, we see a greater variety in the car models that are picked. When longer drives or infrastructural uncertainty occurs, we often see people switching back to conventional fossil-fuel cars. However, our experience is, that once becoming accustomed to the many joys of EVs, people tend to stay with the technology, says Jesper Hill-Kjærsgaard, adding:

 – In this context, offering a selection of up-to-date EVs and fossil-fuel cars under a subscription model is an advantage, allowing consumers to weigh the pros and cons of different options and choose between them.

Untapped potential

Peter Wells, professor of Business and Sustainability and director of the Center for Automotive Industry Research, argues that car subscription services can play a key role in optimizing resource consumption in the transportation sector.

– When consumers pick large cars to meet very rare needs, the green transition of the automotive industry is challenged. The effect is that vehicles become over-dimensioned, which requires an unnecessary amount of resources to produce and maintain. Car subscriptions hold untapped potential for advancing green mobility by instead allowing consumers to change cars as needed, meaning new cars don’t have to be oversized all-in-one solutions, says Peter Wells.

Despite the promise held by car subscriptions, Peter Wells points out that it will be a challenge to change the automotive industry’s inclination for sticking to tradition. Out of respect for established practices, :Dribe focuses on uniting traditional business models with digital opportunities that can ease the transition to future mobility solutions.

– At :Dribe, we believe that sustainable change begins with a deep understanding of the industry’s needs and requirements, which have been a focal point during the development of our concept and digital subscription platform. We leverage the extensive knowledge and experience that the Semler Group has cultivated over more than 100 years of strong traditions within the auto industry, says Jesper Hill-Kjærsgaard.

:Dribe is a digitally driven car subscription model for consumers and businesses, owned by Semler Group. Denmark-based :Dribe is internationalizing the company, offering a simpler, quicker and more flexible car access across the globe. Read more at www.dribe.io

Landis+Gyr and Believ Partner to Deliver Accessible EV Charging Infrastructure Across the UK

Landis+Gyr a global leader in integrated energy management solutions, and Believ, a leading UK-based electric vehicle (EV) charge point operator (CPO), have joined forces to deliver accessible EV charging solutions that support almost four million Blue Badge holders or disabled drivers who may find inaccessible charging bays a barrier to EV adoption.

At the heart of this partnership is a refined version of the INCH Duo AC charger, designed to meet PAS 1899—the UK’s standard for accessible EV charging – which provides guidelines on the physical environment, placement, information provision and design of charging infrastructure, with the goal to build confidence in the accessibility and inclusivity of EV infrastructure.

The updated model, designed for long dwell times and overnight charging, includes adjustments such as repositioned sockets to meet height guidelines, along with features like contactless payment for a hassle-free user experience.

Guy Bartlett, Believ CEO, says it is vital for CPOs to select the best manufacturing partners:

“By working with the most forward-thinking manufacturers we can ensure our product catalogue meets the highest possible standards, and that we continuously work towards more accessible solutions. It is also how we deliver bespoke end-to-end solutions, dependent on site needs.” 

Believ provides local authorities, business and landlords across the UK with a fully funded EV charge point solution that covers planning, installation, operation and ongoing maintenance. It installs different speeds of charge point, ensuring the right charge point is installed in the right location.

Mark Coley, Head of Market Development at Landis+Gyr, highlights the strategic importance of the partnership:

“Our collaboration with Believ underscores our commitment to sustainability, innovation, and supporting the UK’s transition to electric mobility. By integrating our advanced INCH Duo chargers into Believ’s commercial offering, we are making EV charging more accessible while expanding our footprint across the UK. Together, we are enabling a cleaner, greener, and more inclusive future.”

Guy Bartlett adds that the PAS certification provides important assurance to stakeholders that EV charging infrastructure has been designed with accessibility in mind: “Our commitment to delivering a reliable and inclusive public EV charging network is strengthened through this partnership. The integration of Landis+Gyr’s INCH Duo charging stations to our commercial offering supports our drive to make EV charging accessible to all.” 

This partnership builds on Landis+Gyr’s track record of delivering scalable, modular EV charging solutions. The INCH Duo is part of a growing portfolio designed to support the expansion of public charging networks, enabling operators to deploy infrastructure quickly and efficiently while maintaining high standards of usability.

ABLIC launches the S-19193 Series of automotive battery monitoring protection ICs

ABLIC (President: Seiji Tanaka, Head Office: Minato-ku, Tokyo; hereinafter “ABLIC”), a group company of MinebeaMitsumi Inc., today launched the S-19193 Series of automotive 3 to 6-cell battery monitoring protection ICs.

BMS (Battery Management Systems) for EVs and e-Bikes, etc. require functional safety (*1) compliant with ISO26262 (*2), which is a standard for functional safety in road vehicles.

The acceptance criteria for functional safety are (1) fail-safe (the ability to return to a safe state in the event of a failure or malfunction), (2) fail-operational (the ability to continue operation even in the event of a failure or malfunction), and (3) fail-degraded (the ability to continue operation with decreased functionality). In the past, the conventional method of achieving (1) fail-safe functional safety was to use a microcontroller (MCU) together with a high performance IC called an “analog front-end” (AFE) to monitor automotive battery overcharge and over discharge conditions.

Under the conventional (1) fail-safe methodology, the safety of a driver is ensured by “returning to a safe state”, i.e. stopping the vehicle in the event of an actual failure or malfunction, and there was no requirement for continued monitoring of batteries after the vehicle had safely stopped.

However, with the evolution of automated driving technologies, it is expected that there will be an increase in the number of cases where the system, rather than the driver, handles any problems that occur, so the (2) fail-operational and (3) fail-degraded methodologies, which allow for continued operation even in the event of a failure or malfunction, are becoming increasingly important.

The S-19193 Series automotive 3 to 6 cell battery monitoring protection ICs launched today are products developed in ISO26262 compliant processes and are equipped with functions for monitoring automotive battery overcharge and overdischarge.

Utilizing the S-19193 Series makes it possible to continue battery monitoring as a secondary system even in the event the conventional monitoring system (primary) fails, and to achieve a safer BMS that is both (2) fail-operational and (3) fail-degraded compliant.

There are also examples with AFE and MCU internal monitoring functions configured as primary and secondary, but these are mainly for failure and fault detection through mutual monitoring and are insufficient for backup of functionality. In addition, internal redundancy also poses a risk of “joint failure”, where loss of functionality occurs simultaneous to the occurrence of a failure, however with the S-19193 Series, the secondary monitoring can be made completely independent from the primary monitoring to also mitigate the risk of joint failures occurring.

The S-19193 Series also makes it possible to configure a stand-alone operation secondary monitoring circuit which does not require MCU control, which can also contribute to a reduction in the number of design processes.

A Safety Manual is also available for download to support BMS functional safety design using the S-19193 Series. The product is also compliant with the PPAP (Production Part Approval Process) established by the U.S. Automotive Industry Action Group (AIAG), and is also planned to be made compliant with AEC(*)-Q100 Grade1 (*Automotive Electronics Council) quality standards for automotive IC.

Going forward, ABLIC will continue to strive to contribute to our customers’ success with high-quality products developed with the utmost consideration for safety and based on our many years of technological capability and knowhow.

(*1) Functional safety: The incorporation of functional innovations to maintain an acceptable level of safety
(Reference: https://www.ablic.com/en/semicon/products/automotive/asil/)

(*2) ISO26262:
An international standard for functional safety of automotive electronic control systems which was officially established in November 2011. It standardizes development processes aimed at achieving “functional safety” by calculating the risk of failure in automotive electronic control systems and devising measures to lower those risks and integrate those risk reduction measures into systems as functionality in advance. The standard covers the entire vehicle development life cycle from initial vehicle conceptualization to development, production, maintenance, and disposal of systems, ECU, embedded software, and devices.
ABLIC has received “ISO 26262” development process certification from a third-party certification organization in Germany.
(Reference: https://www.ablic.com/en/semicon/news/2024/01/10/iso26262/)

 

Major Features

1.Continued automotive battery monitoring functionality in the event of a failure when used as a secondary monitoring IC
The S-19193 Series is capable of maintaining continuous monitoring of battery overcharge and overdischarge through stand-alone operation which does not require microcontroller control. This makes it possible for battery monitoring to be maintained even in the event of a failure of the main monitoring system (primary), to achieve a fail-operational BMS.
In addition, the S-19193 Series is functional safety standard product developed in ISO26262 compliant processes which achieves ASIL-B(D) classification under expected use cases. This product enables to the achievement of safer BMS by configuring this IC as a secondary monitoring circuit while continuing to use existing circuits at the primary monitoring circuit.

2.Enable stand-alone monitoring and failure detection through self-testing with a simple structure
The product is equipped with a self-test function which makes it possible to detect internal IC failures by simply inputting an external start signal. This makes it possible to use the self-test function to allow the system to detect monitoring function failures even in the event monitoring functionality is lost due to overcharge or over discharge resulting from the random failures that can occur when ICs are used over long periods.

3.Cascade function makes it possible to configure simply monitoring circuits with a small number of components
The S-19193 Series is equipped with a cascade function. In addition to direction connection, the S-19193 Series also supports connection with adjacent S-19193 Series products through a photocoupler, making it possible to construct safe monitoring circuits even in high-voltage BMS with a large number of serially-connected batteries.

Major Specifications
•Overcharge detection voltage: 2.50V to 4.50V ±20mV
•Overdischarge detection voltage: 1.00V to 3.00V ±80mV
•Current consumption during operation: 20μ max.
•Max. rating: 28V
•Operating temperature: -40℃ to +125℃
•Package: HTSSOP-16
•Functional safety compliant (*3)
•AEC-Q100 compliant
•PPAP support available
(*3) Functional safety compliant： https://www.ablic.com/en/semicon/products/automotive/asil/fusa-compliance/?rf=asil

Application Examples
• Automotive devices
• Battery monitoring in EVs, HEVs, PHEVs, e-Bikes, etc.
• Industrial equipment
• Battery monitoring in capacitors, electric forklifts, etc.

Generative AI updates for Google Maps Platform and Google Earth

Today, Google introduced new generative AI capabilities for Google Maps Platform and Google Earth to provide developers and urban planners with fresh, real-world information and to help solve geospatial problems.

Read more below

Helping developers build generative AI applications with fresh information about places
More than 10 million websites and apps use Google Maps Platform to offer helpful products, from delivery apps to real estate websites. As more developers build generative AI applications, we often hear that they want an easy way to show up to date information in their products. Today we’re introducing grounding with Google Maps, a new capability that allows developers to use our rich place data to build generative AI-powered experiences. Grounding with Google Maps helps make answers generated by LLMs more factual and fresh, quickly reflecting updates from the 250 million places in Maps.


Imagine you’re a developer for a property rentals website. Through your website’s chatbot, a customer could ask “What fitness options are near this apartment?” Using grounding with Google Maps, you’ll be able to show the latest information about the area, including reviews and business hours for nearby gyms, in addition to how early or late the place is open — making it easy for the customer to make an informed decision. Grounding with Google Maps launches as an experimental feature today.

Launching soon: AI summaries of places in Rivian vehicles
At Google I/O this year, we announced Gemini capabilities in our Places API, which lets developers show generative AI summaries of places. Next month, Rivian will start using this feature to show summaries of restaurants, shops and supermarkets on their infotainment screens — so drivers can quickly and easily learn more about a place.

Bringing generative AI capabilities to Google Earth
We’re also bringing Gemini to Google Earth, which will allow urban planners to access deeper, city-level insights and significantly reduce the time spent analyzing data from days to minutes.
Imagine a transportation planner wants to install new electric vehicle (EV) chargers in their city. All they need to do is ask, “Can you map the five zip codes with the fewest EV chargers relative to their geographic area size?” Google Earth uses multi-step reasoning to determine the five zip codes with the fewest EV charging stations, and then generates a helpful custom visualization. You can also take this query a step further and ask if there are hotels and shopping centers that don’t have EV chargers within a certain distance.


We built this capability in partnership with Google Research and X, the moonshot factory. Next month, we’ll start piloting Gemini capabilities in Google Earth — sign up for consideration to be a trusted tester.

See more

Drivers of electric vehicles more likely to be at fault in road traffic crashes than drivers of petrol and diesel cars

Drivers of electric vehicles (EVs) are more likely to be involved in at-fault road traffic accidents than drivers of petrol and diesel cars, a study by researchers at Lero, the Research Ireland Centre for Software, and University of Limerick reveals.

In a paper to be published in November in the journal Accident Analysis & Prevention, the Lero researchers analysed insurance claims and data from onboard sensors and revealed a number of key findings:

  • Electric and hybrid drivers exhibit different behaviours than drivers of traditional vehicles.
  • Electric vehicles record more at-fault claims than traditional vehicles.
  • Electric vehicles are 6.7% more expensive to repair than traditional vehicles.

Lero researcher and co-director of the Centre of Emerging Risk Studies the Kemmy Business School, Dr Barry Sheehan, said EV drivers have a higher chance of experiencing an at-fault claim than drivers of cars with internal combustion engines (ICE).

“Our research finds that despite their lower average mileage than internal combustion engines, lower road exposure for EV drivers does not reduce their risk of experiencing an at-fault insurance claim. When analysing at-fault claims, we find a 4 % increase in crashes from EVs and a 6 % increase for hybrids (HYBs) compared to internal combustion engines.

“However, when tested with statistical models, hybrids do not display any further concerns of increased at-fault claim risk. These results indicate that EVs have a higher risk profile than traditional internal combustion engine vehicles.

“Our research shows drivers’ driving behaviour changes significantly when switching to hybrids or EVs. These results mean EVs are more likely to experience an at-fault claim than internal combustion engines,” added Dr Sheehan, Associate Professor in Risk and Finance at UL.

Lero researcher and lead author Kevin McDonnell said their analysis of each fuel type shows that EVs and hybrids have lower average mileages than internal combustion engines.

“This suggests that internal combustion engines should have a higher probability of incurring an at-fault claim than alternate energy fuel-type vehicles. However, the claims data contradicts this assumption by providing evidence of increased at-fault claim occurrences in EVs through predictive modelling and risk analysis,” he added.

Lero’s Professor Finbarr Murphy, Executive Dean of the Kemmy Business School at UL and co-author said that, given the increased likelihood of incurring an at-fault insurance claim with less mileage, significant first-party damages, and battery costs, alternative energy vehicles are riskier and have a higher financial burden than petrol and diesel cars.

The study used telematic data from 125 million commercial fleet vehicle trips involving 14,642 vehicles recorded from January 2022 to October 2022 in the Netherlands. It also used an insurance claims dataset during the same period.

Lero, the Research Ireland Centre for Software, is based at University of Limerick and funded by Taighde Éireann – Research Ireland, formerly Science Foundation Ireland. 

The paper is co-authored by Lero and UL’s Kevin McDonnell, Dr Barry Sheehan and Professor Finbarr Murphy as well as Professor Montserrat Guillen of Universitat de Barcelona and is available to read in full at: https://www.sciencedirect.com/science/article/pii/S0001457524003063?via%3Dihub

Bank of Ireland Finance Announced as Exclusive Finance Partner of All-Electric Smart Vehicles in Ireland

Bank of Ireland Finance has been announced as the exclusive finance partner of the all-electric motor franchise Smart – with two new Smart electric vehicles (EVs) now available on the Irish market.

Both new cars, the Smart#1 and Smart#3, feature a premium design fitted with advanced technology, with a range of both four-door and five-seater models available. The new Smart cars are exclusively distributed in Ireland by Motor Distributors Limited (MDL) and sold nationwide through their Smart dealer network.

Following a period of steady rather than spectacular EV sales performance over the past couple of years during market reconfiguration, interest in EVs and applications for EV financing are trending higher again with the latest Bank of Ireland figures revealing;

  • Used EV purchase applications up 125% in Q1 2024 compared to Q1 2023
  • New EV purchase applications up 41% in Q1 2024 compared to Q1 2023
  • Overall, 56% increase in EV purchase funding in Q1 2024 compared to Q1 2023
  • 9 out of 10 EV drivers move into another EV after their original PCP contract ends

Bank of Ireland Finance, which works with 23 motor franchises nationwide to provide low-rate APR offers for EVs, is the largest provider of wholesale finance for both battery electric and plug-in hybrid EV purchases. The EV market continues to evolve as the number of owners with range anxiety falls due to improved charging infrastructure, and awareness levels surrounding EV choice and value rise as motorists become more environmentally conscious.

John Feeney, Head of Property, Project and Asset-backed Finance, Bank of Ireland said: “It’s an exciting time for Smart to introduce these two new models to the Irish market, and Bank of Ireland Finance has an extensive range of flexible finance options available to customers looking to purchase a Smart car.”

 “The switch to EVs is an important part of Ireland’s overall green transition, and with more than €11 billion in sustainable lending already extended, and a target to reach €30 billion by the end of the decade, our focus is on helping consumers and businesses on their green journey. We look forward to supporting customers in making a plug-in or hybrid EV purchase as the market develops further and the sustainable motoring transition gathers speed.”