[arista]

[UK battery start-up Britishvolt files to
appoint administrators

After once having ambitions to place the
UK at the "helm of a global green industrial revolution",
the company previously told Sky News that
workers were having to take voluntary pay cuts
while it waited for crucial government funding.]

https://news.sky.com/story/uk-batter...ators-12788687

It was on the way

Pathetic Start UP


Chief Executive Graham Hoare
employed 300 people

[bitontheslide]

i invested in a range of green energy firms, and each one has bombed

[Soldier Boy]

Originally Posted by bitontheslide

i invested in a range of green energy firms, and each one has bombed

On topic with this thread the issue that hasn't been solved is storage. Batteries are not eco-friendly, and they aren't a sustainable resource ... renewables are pointless if (massive) batteries aren't sustainable and eco friendly. Electric cars the same. Home solar paneling the same.

We needed, still need, and will probably always need the temporary solution of widescale, modern, clean-as-possible nuclear to get to the point of true clean energy but no one seems to be up for it . The idea that we can transition straight from fossil fuels to green energy is madness.

[James]

I think I read that battery production will require heavy strip-mining of certain elements, and production won't necessarily scale up to current car-manufacture levels.

[bitontheslide]

i think thats starting to be reflected in the car market too. I think their aim of removing standard cars in short order is simply not achievable. I checked recently, and the 2nd hand car value of my car has increased quite significantly over the last couple of years, and it's no collectors edition

Compare that to tesla who are dropping their new car prices by 25-30%

[Soldier Boy]

Originally Posted by James

I think I read that battery production will require heavy strip-mining of certain elements, and production won't necessarily scale up to current car-manufacture levels.

Not only that but batteries can't be infinitely recharged - even the most robust ones these days have a realistic lifespan of 3 to 5 years and that's with diminishing efficiency (you won't get anywhere near as far on a full charge after 3 years as you will fresh out the factory). Exactly the same as with phone batteries.

One car will easily go through 4 or 5 batteries during its lifetime.

Obviously this is true of "normal" car batteries too, but the massive batteries in an electric vehicle obviously use far more resources per battery than a standard 12v or 24v car battery.

[Soldier Boy]

Originally Posted by bitontheslide

i think thats starting to be reflected in the car market too. I think their aim of removing standard cars in short order is simply not achievable. I checked recently, and the 2nd hand car value of my car has increased quite significantly over the last couple of years, and it's no collectors edition

Compare that to tesla who are dropping their new car prices by 25-30%

If they'd focussed on emissions reduction tech in fuelled vehicles as hard as they'd focussed on electric we'd be in a much better position than we are now; it's theoretically possible to cut regular car emissions to almost zero with improved fuels and improved exhausts.

It all just makes me "do a conspiracy" and wonder what the goal actually is.

[Soldier Boy]

Also worth remembering that electric vehicles were sold on the idea that they were always going to be much cheaper to run ... ... ... and then they tripled electricity prices .

[James]

I was actually looking at the prices of Teslas the other day and you are basically paying £10,000 extra over an equivalent petrol or diesel car (you might get better value second-hand).

The collapse of Britishvolt could mean that more car manufacturers have to look further afield for battery supplies, as the clock ticks down to the 2030 ban on the sale of new cars powered by diesel and petrol engines.

Laws like the 2030 ban are the reason Tesla is the fifth-biggest valued company in the US. Or was anyway, might have lost some of its value recently.

[bitontheslide]

the second hand car market is where the money will be. Car showrooms are dumping new car franchises and concentrating on the 2nd hand car market already. They are basically positioning themselves for the end of the decade

[Soldier Boy]

Best strategy is probably to buy a new or very low mileage car brand with very good build quality in 2029, and then treat it like your new baby with cleaning/servicing and how you drive it.

Should keep you going until 2050 at least .

That said, I think the 2030 ban is a pipe dream and will inevitably end up being extended.

[arista]

Their Design
of what they wanted to build.

Now all GONE


https://www.bbc.co.uk/news/business-64303149

[arista]

Conservative and Labour MP

on Politics Live

Both say they could not get private backing.
So no returns.

They Showed a Map of Car Battery makers
Factories
all being planned
all across the EU

[Cherie]

Originally Posted by arista

Conservative and Labour MP

on Politics Live

Both say they could not get private backing.
So no returns.

They Showed a Map of Car Battery makers
Factories
all being planned
all across the EU

very odd given we are told electric cars are the future

[bitontheslide]

it's all the more ridiculous when we are supposed to move over to electric/hybrid in less than 7 years

it really doesn't stack up at all. I think "they" have been spinning a yarn and are very shortly going to be found out. Russia will no doubt get the blame for it

[arista]

Live in PMQ's

The PM said it was Co-Funding British Volt
on the ruling
they also had to get Private Investment backing.

They failed in getting any private backers.



So before British Volt
Started employing the over 200 workers
they had a legit plan,

[arista]

Originally Posted by Cherie

very odd given we are told electric cars are the future

Now The Prime Minister
has told us the deal
it is not odd.

[Zizu]

Originally Posted by arista

[UK battery start-up Britishvolt files to
appoint administrators

After once having ambitions to place the
UK at the "helm of a global green industrial revolution",
the company previously told Sky News that
workers were having to take voluntary pay cuts
while it waited for crucial government funding.]

https://news.sky.com/story/uk-batter...ators-12788687

It was on the way

Pathetic Start UP


Chief Executive Graham Hoare
employed 300 people

Sounds like another scam to get their grubby hands on a few billion of tax payers money


Sent from my iPhone using Tapatalk Pro

[Zizu]

Originally Posted by Soldier Boy

Also worth remembering that electric vehicles were sold on the idea that they were always going to be much cheaper to run ... ... ... and then they tripled electricity prices .

We are doomed


Sent from my iPhone using Tapatalk Pro

[arista]

Originally Posted by Zizu

Sounds like another scam to get their grubby hands on a few billion of tax payers money

No
not this time.

They failed to get Backers
so No Tax Payers Money went to them.

[parmnion]

They had basically employed all these people without having any sales set up beforehand.

[Zizu]

Originally Posted by parmnion

They had basically employed all these people without having any sales set up beforehand.

Destined to fail then


Sent from my iPhone using Tapatalk Pro

[arista]

Originally Posted by parmnion

They had basically employed all these people without having any sales set up beforehand.

Yes, as the Original Plan
was to build a Massive Factory
but as no backers appeared
nothing was getting built.


Hence, the Admin.


And any other Company
can get Government Money
of £100,000
so long as they find private backers.

[arista]

[Britishvolt, the company behind a planned
battery factory to power electric cars,
has been bought out of administration
by Australian firm Recharge Industries.

The UK firm entered administration in January
after months of funding problems which
resulted in more than 200 job losses.

Recharge Industries had been selected as
the preferred bidder by administrators EY earlier
this month.

Its chief executive David Collard said the
Britishvolt brand name would remain,
as well as the ambition to complete
Britishvolt's electric vehicle battery
factory in Blyth, Northumberland.

But the business will focus on making
batteries for energy storage before
moving to manufacture batteries for
high-performance sports cars.]


https://news.sky.com/story/battery-m...-firm-12821187

[James]

Originally Posted by James

I think I read that battery production will require heavy strip-mining of certain elements, and production won't necessarily scale up to current car-manufacture levels.

Originally Posted by James

I was actually looking at the prices of Teslas the other day and you are basically paying £10,000 extra over an equivalent petrol or diesel car (you might get better value second-hand).



Laws like the 2030 ban are the reason Tesla is the fifth-biggest valued company in the US. Or was anyway, might have lost some of its value recently.

Rowan Atkinson has written and article arguing that electric cars may well not be the answer.

https://www.theguardian.com/commenti...son?CMP=fb_cif