“Don’t get left behind in the charge into the future,” says Carnex Shirley Li

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Toronto, March 8, 2022 (GLOBE NEWSWIRE) — Toronto, March 8, 2022–CarnexCanada’s leading used electric vehicle dealership platform, featured at the EqualOcean online webinar to help companies chart a clear path on how to seize latent opportunities in the automotive industry with electrification, driving stand-alone and the transport-as-a-service business model.

Market disruptions and shifts have never been so volatile. Taking the example of once-dominant mobile phone giant Nokia, Shirley Li, head of investor relations at Carnex, warned that no one is too big to fail.

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“The first thing to understand is how fast this change will happen,” Li said. , as they converge, costs go down and capabilities go up until we reach a climax, at which point the new quickly sweeps out the old. history, these S-curves are getting steeper and steeper, which means that the times for businesses to learn and adapt to consumer preferences are only getting shorter and shorter.

This S-shaped adoption rate has already started to form; last year’s global electric vehicle sales penetration doubled from the previous year.

The reason for this growth stems from sheer necessity, Li said. It is no longer acceptable to sacrifice the environment to pursue greater economic gain. Global industries must come together to mitigate the risk of severe natural disasters caused by climate change.

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Fortunately, new advances in technology mean it’s no longer a binary choice between saving the planet and making a profit. Rather than wasting time and capital “fixing” existing carbon-intensive industries, they should be replaced with newer, cleaner technologies.

With the transportation industry alone accounting for 12% of all greenhouse gas emissions, the electrification of vehicles is spearheading the clean technology revolution.

Apart from being economically and environmentally sound, electric vehicles are also the best choice for consumers with their advanced features and performance.

Four key factors drive the “S-curve” in electric vehicle adoption:

  • Cheaper to drive: As things stand, electricity is ten times cheaper than gasoline.
  • Cheaper to maintain: Electric vehicles have far fewer moving parts. The precise savings are hard to pin down, but look at the concrete example of New York City: in 2019, the city spent an average of five to six times less on maintaining its electric fleet compared to its gas-powered vehicles. previous ones.
  • They also last longer: With a range of over 800,000 km, drivers get 2.5 to 5 times more mileage with an EV. This is especially important for fleets where lifespan and COO are critical.
  • Greater consumer value: Finally, at the heart of why electrification is disrupting the industry is that it simply generates greater consumer value. They are born of a new technological era, focused on software and connectivity.

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Thirty-two countries have made a concerted effort to accelerate change by requiring all new passenger vehicles to be zero-emissions by 2040.

The 32 countries that have already required all new passenger vehicles to be zero emissions by 2040 are accelerating change. Some countries, such as Canada, have set the deadline even earlier in 2035. To accelerate the adoption of EVs, the Canadian government established the Zero Emission Vehicle Incentive Program, through which buyers of electric vehicles would receive a credit of $2,500 to $5,000 towards the purchase of their vehicles. A Consumer Report study found that the savings over the life of an electric vehicle far outweighs any price difference over its gas-powered counterparts, further boosting its appeal for personal use and for fleets. .

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In parallel, countries have also accelerated the installation of supporting infrastructure for electric vehicles. Automakers are also investing heavily in electric vehicle R&D. To drive home the point, Li pointed out that Honda will only sell electric and hybrid vehicles in Europe by next year. The increase in investment and selection of electric vehicles, combined with rising gasoline prices as a deterrent, makes electric vehicles a smart choice for both the economy and the environment.

Li added that along with electric vehicles, the future of transportation will also be redefined by two other concepts: autonomous driving and transportation as a service (TaaS).

Level 4 autonomous vehicles do not require human attention under most circumstances, creating value for consumers by restoring valuable travel time, and for fleets and ride-sharing services due to the reduction in labor costs.

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These accelerators will have profound implications for the transportation industry as consumers continue to digest chronically high gasoline prices and increase mobility needs with the pandemic.

“The disruption that occurs will present a great social and economic opportunity, but the only thing worse than missing an opportunity is being repelled by its outcome,” Li concluded.

About Carnex

Carnex.ca is Canada’s leading e-commerce platform for used electric vehicles, headquartered in Toronto, Ontario. Its senior management team has specialized in the automotive industry for more than ten years, mainly in China, which is home to the world’s largest market for electric vehicles.

Carnex’s monthly revenue currently exceeds over C$1 million. He acknowledged that the potential market for EVs is huge, as more and more customers are looking for high-quality and environmentally friendly EV products and services. Therefore, the founders want to enable everyone to access the convenience and benefits of electric vehicles.

To that end, Carnex.ca is committed to providing customers with electric vehicle knowledge, as well as meeting consumer needs with after-sales service capabilities, such as electric vehicle test drives; technical consultations, while for its local customers in Canada, they also offer a selection of cars online; online loans; online replacement; and home car delivery.

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