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Instead of delivery vans clogging up the streets of your city, package delivery could soon be handled near you by fleets of four-wheeled cargo e-bikes with spacious van-like rear ends. That’s already the case in many European cities, and now it could be spreading even farther around the globe thanks to a new partnership between Zoomo and EAV.

Zoomo is a full-service commercial micromobility platform with the stated mission of “electrifying every urban mile.” Zoomo’s platform covers a wide range of light electric vehicle hardware including e-bikes, e-mopeds, & e-cargo bikes, plus the telemetric systems that enable the company to manage its sprawling fleets.

This week Zoomo announced that it has partnered with EAV, a manufacturer of four-wheeled cargo e-bikes, to further expand its vehicle offerings available on the Zoomo platform.

zoomo EAV electric cargo bike

The EAV cargo bike may not look like most electric cargo bikes that you’re familiar with. That’s because it combines electric bike operation (pedals, handlebar, e-bike mid-drive motor, etc.) with 2 cubic meters or 70 cubic feet of rear storage space.

Carrying a maximum of 150 kg (330 lb.) of cargo, the EAV can effectively replace many cargo vans used for last-mile delivery. And it can do it in a much smaller vehicle that fits into a bike lane.

This type of cargo e-bike has the potential to replace the millions of vans congesting cities all around the world. EAV’s cargo bikes are one of the largest bicycle-based delivery solutions on the market, yet take up a fraction of the space of a cargo van or box truck.

The design was built to efficiently navigate urban landscapes and enable commercial delivery companies to make more deliveries in a shorter amount of time by accessing cycle lanes and safely navigating through pedestrian-heavy spaces.

And now with the newly announced Zoomo partnership, that’s looking even more likely. The partnership will see Zoomo expand its product portfolio by becoming EAV’s Official Fleet Partner. Zoomo will offer financing for EAV’s range of vehicles alongside their maintenance guarantee and telematically-enabled fleet management software.

In addition to the Europe Union, Zoomo currently operates in the US, Canada, Australia, and the UK.

Zoomo solutions are used by many large companies in urban logistics including Amazon, FedEx, UberEats, Doordash, JustEat Takeaway, Deliveroo, Domino’s, Pizza Hut, Gopuff, Getir, Flink, Purolator, Hived, and more.

As Zoomo cofounder and CRO Michael Johnson expanded upon the partnership:

We are bringing the vehicle leasing model from the automotive space to light electric vehicles. By integrating different vehicle types into our platform, like EAV e-cargo bikes, with leasing, servicing and telematically enabled software solutions, we are able to provide customers in urban logistics with a one- stop solution for all their delivery fleet needs.

EAV’s cargo bikes are highly innovative and will enable us to offer more efficient and sustainable fleet solutions to our customers in existing and new segments, like parcel delivery.

Adam Barmby, founder and CEO, EAV, added:

Zoomo are perfectly placed to support the take up of EAVs in city centers across the world, and drive the positive difference that we’re pushing for. We are thrilled to have a like minded partner on our mission to revolutionize the last mile, and to create cleaner, safer cities.

This partnership maximizes our complementary expertise – with Zoomo’s servicing, financing and software making the switch to light electric vehicles a simple step for our shared customers. Meanwhile, we will continue to ensure every single vehicle meets the highest specifications for build and rider- experience, as we innovate on solutions which further reduce the cost and the emissions impact of urban logistics.

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U.S. crude oil rises about 4% after OPEC+ increases output at steady rate

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U.S. crude oil rises about 4% after OPEC+ increases output at steady rate

Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week.

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U.S. crude oil futures rose about 4% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster.

West Texas Intermediate futures rose $2.53, or 4.16%, to $63.32 per barrel. Global benchmark Brent was up $2.34, or 3.73%, at $65.12 per barrel.

The eight producers in OPEC+, led by Saudi Arabia, agreed to increase production by 411,000 barrels per day in July, the third consecutive month the group has boosted output at that rate.

“There were market concerns of a faster unwind process,” said Giovanni Staunovo, commodity analyst at UBS, told clients in a note Saturday. “For now, the oil market remains tight, indicating it can absorb additional barrels,” Staunovo said.

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No, Honda didn’t just launch its first electric motorcycle (and you can’t buy it)

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No, Honda didn't just launch its first electric motorcycle (and you can't buy it)

The electric motorcycle market is a small and highly interconnected one, with a limited amount of suppliers and an even smaller number of actual honest-to-goodness motorcycle manufacturers. While Covid-era progress led to a series of highly-funded rapid advancements and flashy announcements, the last few years have been hard on the industry as funding and excitement have both dwindled, resulting in a smaller number of big releases. So it makes sense that people would jump at news that Honda is now producing its first electric motorcycle and that you can already buy it. The only problem is that none of that is true – finally some real fake news.

In the last few days, a number of news outlets ran with a story claiming Honda was now producing and selling its first ever electric motorcycle, a bike known as the E-VO. While some articles presented a fairly grounded and accurate analysis of the situation, others jumped on the more clickbaity bandwagon.

Like many rumors, the story does have some truth to it. There is an interesting-looking cafe racer-styled E-VO bike that was just announced, and its logo does partially include a red Honda badge, but that’s where things start to go awry as some articles played a bit fast and loose with the facts.

The main issues with the story heard ’round the internet are that 1) Honda has already produced multiple electric motorcycles, 2) the E-VO isn’t really a Honda, and 3) you can’t actually buy the bike, at least not the way many headlines would have you believe.

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The Chinese launch of the Honda-Wuyang E-VO

To be fair, even Electrek wasn’t spared, with its own story repeating several dubious claims seen elsewhere around the internet, among other smaller mistakes such as a strange swipe at LiveWire for not producing DC fast-charging electric motorcycles, which it famously does.

But let’s break down each of the errors or flashy clickbait headlines that duped many journalists and electric motorcycle fans alike.

The first major issue is that the premise is wrong. Honda has built multiple electric motorcycles in the past, though generally smaller designs with step-through frames. The E-VO would be a new design direction, taking on an eye-catching cafe racer design, but let’s not forget that models like the all-electric Honda PCX Electric were launched back in 2018. In fact, Visordown strangely mislabeled a photo of a PCX Electric, referring to it as an E-VO in its own article a few days ago. (And to be fair, not everyone whiffed on this one, with outlets like RideApart and CycleWorld giving even-handed and accurate coverage to Honda’s e-moto efforts).

Second, this motorcycle isn’t even a Honda. If you look closer at the badging, you’ll see it’s labeled as “Wuyang Honda” with the first word obviously printed much smaller in the logo to obscure it in favor of Honda’s much stronger brand reputation. To put it simply, the E-VO is produced by the Chinese company Wuyang, in which Honda invested in as part of a joint venture. Wuyang-Honda is a Chinese company owned by the major Chinese automaker GAC. It does produce some Honda-developed motorcycles for the Chinese market (like the CB series, CBR, etc.), but it also produces its own domestic market-only models. The latter is what the E-VO is. It’s not a Honda and it’s not produced by Honda. It’s produced by Wuyang-Honda, which is a Chinese company partially funded by the Japanese company Honda to make money from the Chinese market. It’s similar to how Ducati doesn’t really make those Ducati electric bicycles, but rather engages in a licensing agreement that lets another company produce them and print a famous name on the side.

And that brings us to the third major issue glossed over in the E-VO launch – that you can’t really buy it. Well, some people can, but not you. At least, not unless you happen to be Chinese or living in China. As mentioned above, this isn’t a Honda motorcycle that you can buy at a Honda dealer. It’s a Wuyang motorcycle that was recently launched in China and only sold in China. It wasn’t designed for export and doesn’t meet any other international regulations or safety standards because it wasn’t designed for any other markets outside of China.

Electrek’s Take

I’ve been a fan of electric motorcycles for a long time, riding and covering them with excitement as I’ve watched the industry progress. I talk the talk and I walk the walk. I don’t even own a car, as my family gets around entirely on electric motorcycles, e-scooters, and e-bikes. I don’t intend to unfairly call out other news outlets or even my own colleagues, but I do think that accuracy in reporting on such a nascent industry is important.

Accuracy in reporting isn’t just about keeping the industry well-informed but also ensuring realistic expectations among the public. Just like all of those stories popping up a few years ago to the effect of “GM is producing a $14,000 electric pickup truck” turned out to be clickbait (they were electric mini-trucks produced in China, for the Chinese market, by Chinese companies in which GM invested), the E-VO has also turned into something of a white whale. For years, riders have begged major manufacturers like Honda to get on board with electric motorcycles. And so when there’s even an inkling of progress on that front, the story can get ahead of itself.

That isn’t to say that Honda won’t ever produce a full-sized e-moto or street bike. Perhaps the E-VO will sell well in China and Honda will look favorably upon Wuyang’s work there. But the moment when an honest-to-goodness Honda electric motorcycle lands is still years away, and no amount of wishful thinking or creative writing is going to change that.

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Tesla (TSLA) sales crash in France even with new Model Y

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Tesla (TSLA) sales crash in France even with new Model Y

The French are saying “non, merci” to Tesla, as sales crashed to just 700 units in May – a level not seen in more than three years.

The Model Y changeover was clearly not the problem.

Last week, Tesla CEO Elon Musk claimed that the company has “no demand problem” and that even though Europe is its weakest market, “everyone is struggling in Europe, there’s no exception.”

We have already produced a report to demonstrate that this is not true, but we are now receiving more data from May, which highlights Tesla’s growing problems in Europe.

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France has just released its car registration data for May, confirming that the auto market is down 12%. However, Tesla’s sales were down even more than the rest of the market.

Tesla delivered only 721 vehicles in France in May – down 67% compared to the same period last year.

In Q1, Tesla blamed its poor performance on the lack of Model Y availability due to the design changeover, but it doesn’t have this excuse in Q2, which is now tracking below Q1 in Europe.

May was Tesla’s worst month of deliveries it has had in the last three years. It’s also even worse than any month of deliveries in the first quarter, despite the new Model Y now being in full production in Gigafactory Berlin and available in France.

Electrek’s Take

I’ll write a more comprehensive post about Tesla’s sales in Europe once we have data from more countries in May, but it’s not looking good.

Tesla blamed its terrible performance in Q1 on the Model Y changeover, but we are past that in Q2. Yet, April was worse than January, and now, it looks like May is going to be below February in the whole of Europe.

The only positive market so far is Norway, and that’s probably due to some of its large existing base of owners in the country updating to the new Model Y, but it will be interesting to see if it’s sustainable through out the rest of the year. I doubt it. Tesla benefited from the Model Y changeover, but I expect the brand damage will also be felt in the popular EV market.

This result in France in May is particularly interesting because it is even worse than April. I literally have to go back to Q2 2022 to find a quarter when Tesla had a worse second month of a quarter in France.

It is starting to look like demand collapse.

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