💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

EV supplier Bedeo launches service converting diesel vans to electric in France

EditorRachael Rajan
Published 2023-09-27, 03:06 p/m
© Reuters
STLA
-

Bedeo, a British electric vehicle provider, announced Wednesday the launch of a service aimed at transforming numerous diesel vans into electric hybrids. The service is launching in France, capitalizing on government incentives designed to encourage the conversion of traditional fossil-fuel vehicles.

France offers a generous €9,000 ($9,509) subsidy available to support electric vehicle retrofits, under the condition that each converted vehicle successfully pass a government-mandated vehicle assessment.

The conversion of conventional fuel vehicles into electric ones is an expanding sector, with France leading the way by offering a comprehensive regulatory framework and financial incentives not yet matched by other countries.

Bedeo offers a basic kit priced at €30,000, featuring a 37-kilowatt hour battery and Protean Electric in-wheel motors.

The stand-alone motors are integrated into either some or all of the wheels of an electric vehicle, eliminating the need for axles or powertrains.

The included plug-in battery grants a range of up to 120 kilometers (approximately 75 miles), which, according to Bedeo CEO Osman Boyner, should suffice for approximately 95% of typical delivery routes before reverting to conventional diesel range.

Bedeo is aiming to initially convert 20,000 vans annually. Boyner noted that their primary customer base is likely to consist of smaller fleets of vans, especially those with costly additions like refrigerated units, who may find traditional expensive electric models financially challenging to acquire.

"What we are seeing more and more is that who is going to be left behind in this transition is the smaller fleets," said CEO Osman Boyner. "The guy who owns five vans, what does he do?"

Bodeo will set up a manufacturing facility in France, converting diesel vans and is currently looking at production options.

Bodeo also builds electric powertrains for vans for world No. 3 automaker Stellantis (NYSE:STLA).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.