Thu. Jun 30th, 2022

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I was just trying this weekend to get a gas station in my area open to get fuel for our 10-year-old diesel VW, while fuel shortages continue in London. Eventually I was lucky enough to walk in a downpour with a 5-liter jerrycan to one to see that it had just received a delivery and that I could pump enough to get us on the road again.

I also had no joy trying to get a test drive of a fully electric VW ID. 3 for the past few months, but Peter Campbell and Joe Miller’s Big Read today gives an explanation.

They report on a local VW dealer flooded with orders for ID.3: ‘The survey is huge. . . the pace is phenomenal; once there is the infrastructure to support it, there will be no stopping, ”says the dealer.

The same is true elsewhere: Volvo-backed electric car maker Polestar alone drives around 1,000 test drives a month in the UK alone. Every week new places are booked within an hour of being available.

This extraordinary increase in demand from first gear to fifth is being felt around the world, from Shanghai to Stuttgart, Tokyo to Toronto and from new brands to the established giants of the industry. Sales of electric cars in Europe increased from 198,000 in 2018 to an expected 1.17 million this year and within four years it is expected that almost 40 percent of the new cars purchased in Germany are electric.

The speed of electrical transformation can catch up with many manufacturers. It’s ‘like moving from horse to car’, says Andy Palmer, CEO of electric bus company Switch Mobility. “It’s so seismic, it changes everything, and to such an extent that players who do not turn fast enough, who do not invest, are unlikely to survive in the future.”

According to the AlixPartners consultation, car manufacturers have announced a total of $ 330 billion in investment in electrical and battery technology over the next five years over the next five years. “Is it a bend point?” asks Andrew Bergbaum, managing director at AlixPartners. “I think the answer should be yes.”

Global sales of electric cars are expected to rise over the past decade Units (million) G1608_21X

(It was the first of a series of four sections on the state of the electric vehicle market)

The internet of (five) things

1. Whistleblower accuses Facebook of deception
Former product manager Frances Haugen accused the company yesterday of “profit over safety“, When it turned out that she had complained to US security regulators that it was misleading investors.

2. Finance’s cyber defense tested
An initiative backed by the Bank of England to test the cyber weather of the UK financial sector opened for financial services companies of all kinds and sizes on Monday in the widest exercise of its kind. Elsewhere, hackers stole cryptocurrencies of at least 6,000 customers of the Nasdaq-listed digital asset exchange Coinbase by exploiting a lack of its two-factor authentication system. And in a ‘fat finger’ error, a small crypto-asset trading platform called DeversiFi got a shock last week when it mistakenly paid a fee of $ 24 million.

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3. Monzo’s American setback
Monzo het his application withdrawn for a US banking license after being told by regulators that it was unlikely to be approved, in line with the British fintech company’s expansion plans.

4. LinkedIn: how the professional networking site became personal
The focus on career and networking is what sets LinkedIn apart from competing social media platforms like Facebook and Instagram. Over the past 18 months, however, users have increasingly entered into personal thoughts, said Dan Roth, editor-in-chief of LinkedIn. tell the FT.

5. Brain implantation relieves depression
U.S. researchers have successfully relieved a patient’s severe, prolonged depression with an electronic implant that acts like a neural pacemaker, repairing the brain pathways associated with negative feelings. The team from the University of California, San Francisco (UCSF) said the study was an “important point” in the scientific effort to treat psychiatric disorders using carefully targeted neural electronics.

The device is implanted under the skull. If the electrode marked in blue senses the onset of depressive feelings, it sends small electrical pulses along the electrode marked in red to relieve the symptoms © Ken Probst / UCSF

Technical week ahead

it is Nobel Prize week, with the gongs for physics, chemistry and medicine named by the judging committee in Stockholm.

Tuesday: appeal co-founder Steve Jobs passed away 10 years ago today and his old rival Microsoft chose October 5 for the release of its latest operating system Windows 11, along with a number of Surface products that will work on it. Frances Haugen, a Facebook whistleblower whose revelations the social network in the biggest crisis since the Cambridge Analytica furore, will make her first appearance before US senators during a trial in Washington

Thursday: Electric car manufacturer Tesla holds its annual meeting. Largan precision, the world’s largest manufacturer of smartphone camera lens, will offer a deserving call.

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