Ford, along with several other automakers, has made significant investments, totalling billions of dollars, in the electric vehicle (EV) market. Nevertheless, the transition to electric vehicles has encountered unexpected hurdles, with EV sales showing a slowdown. In response, Ford has been compelled to reduce prices and offer discounts on previously sought-after models like the Mustang Mach-E and F-150 Lightning in an effort to attract buyers.
The MySchoolBus initiative in Kuala Lumpur has proven to be a resounding success, delivering benefits to a staggering 15,128 schoolchildren, as reported by transport expert Rosli Khan, who is advocating for its expansion. This recommendation comes as a response to declining school attendance in Perak, which has been attributed to the discontinuation of the Hup Yik bus service, citing high maintenance costs and low ridership as the primary reasons.
MySchoolBus was introduced by the Kuala Lumpur City Hall (DBKL) with a generous allocation of RM23 million and involved a fleet of 900 school buses.
According to FMT, Rosli, expressing bewilderment over the government’s allocation of RM600 million in the 2024 budget for Prasarana to acquire more feeder buses, highlighted the underutilisation of the current fleet and its limited benefit to users. He proposed that the substantial allocation could be more effectively employed to expand the highly successful MySchoolBus program on a nationwide scale.
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Ferrari has introduced a limited-run, track-only supercar, the 499P Modificata. This high-performance machine is based on the race-winning Ferrari 499 that claimed victory at the 24 Hours of Le Mans four months ago, but it offers even more power and features for racers.
Powertrain
The 499P Modificata is powered by the same 3.0-litre twin-turbocharged V6 engine as the Le Mans-winning race car. Additionally, it features an electric motor at the front axle, providing a combined output of 858hp. A unique feature is that the electric assistance is available from a standstill, unlike the Le Mans car, which activates its electric power beyond 190km/h.
‘Push to Pass’ System
Ferrari has equipped the 499P Modificata with a ‘Push to Pass’ system, which can deliver an extra 161hp at the push of a button, providing a burst of power for overtaking and acceleration.
High-Performance Rubber
The car comes standard with bespoke Pirelli tyres, measuring 310/70-18 at the front and 340/70-18 at the rear. These tyres feature a structure and tread compound derived from Formula 1 technology. Additionally, a custom rain tyre has been developed specifically for the 499P Modificata.
Lightweight Carbon Fibre Construction
The car’s body is crafted entirely from lightweight carbon fibre, helping to keep the overall weight down and enhance performance. Although Ferrari hasn’t disclosed the downforce figures, it’s expected to provide substantial aerodynamic grip.
Sporty Interior
The interior is virtually identical to the race car’s cabin, ensuring owners receive the same driving experience as Le Mans-winning crews. Ferrari has created the 499P Modificata to be a thrilling track experience for those who value performance and the thrill of racing.
Exclusivity and Track Access
This limited-run Ferrari is available for private purchase, starting at €5.1 million (approximately RM25 million) before taxes. Owners will also enjoy two years of running the car in Ferrari’s Sport Prototipi Clienti program, which provides access to numerous international tracks. Ferrari takes care of logistics, track-side assistance, and maintenance for the car, ensuring a hassle-free track experience.
Proton has revealed the pricing details for the R3 20th Anniversary Edition accessories package for the Proton X50. This exclusive package was unveiled at the MARii Autoshow 2023 earlier this year and is designed to commemorate two decades of the R3 brand, renowned for its contribution to Proton’s success in motorsports and the development of high-performance models.
The R3 20th Anniversary Edition accessories package includes a range of specially crafted enhancements for the Proton X50. Limited to just 200 packages, it adds a touch of sportiness and style to this popular SUV. The package components consist of:
This comprehensive package is available to buyers of the Proton X50 1.5 TGDi in Jet Grey and is priced at RM12,000, including fitting. Customers can order the R3 20th Anniversary Edition accessories package from any Proton outlet. Deliveries will commence from mid-November 2023 onwards.
Incorporating these enhancements into the Proton X50 allows enthusiasts to elevate their driving experience with style and flair. As Proton celebrates its 40th anniversary this year, it’s an ideal moment to recognise milestones such as the R3 brand’s enduring legacy. The R3 accessories package is a token of appreciation to the dedicated Proton fans who have supported the brand over the years. Proton expresses gratitude for its unwavering enthusiasm by offering this unique package developed exclusively for its popular SUV model.
The global electric vehicle (EV) market is experiencing a noticeable deceleration in demand, with several intertwined factors contributing to this shift. While vehicle sales maintain an upward trajectory, the fervent appetite for EVs isn’t aligning with initial projections set by the automotive industry. Here’s a comprehensive look at the key elements affecting the international EV market:
Vehicle Loan Benefits Altering Preferences
One pivotal reason behind this slump in EV demand is the growing attractiveness of vehicle loan benefits in advanced economies. These financial incentives aim to counteract inflation rates in a post-pandemic economic landscape. Despite vehicles still being purchased, these incentives are now tempting potential buyers towards conventional internal combustion engine (ICE) vehicles.
Market Growth Falling Short of Expectations
Industry leaders had high hopes for exponential growth within the EV market. However, demand for electric vehicles has not met initial expectations, prompting concerns among automakers worldwide.
Collaboration Cancellations Fuel Uncertainty
Recent termination of the $5 billion collaboration between GM and Honda further exacerbates the uncertainty surrounding the industry’s future. The collaboration aimed to streamline the production of cost-effective EVs, but its sudden termination has raised questions regarding the trajectory of EV development and potential partnerships.
Warning from Battery Manufacturers
A notable development comes from LG Energy Solution, a major Korean battery manufacturer, which has issued a warning. According to their report, global economic uncertainties may result in EV demand falling below initial projections in the coming year.
Investor Sentiment Echoes Market Uncertainty
Investors in the EV sector reflect a similar sentiment. The stock values of companies associated with EVs are witnessing a decline, illustrating a sense of hesitation and insecurity in the market.
Elon Musk’s Deferral
In a surprising turn of events, Tesla’s CEO, Elon Musk, recently announced a delay in the construction of the Gigafactory in Mexico. This decision is attributed to increased vehicle loan interest rates and the complex global economic environment.
Nevertheless, it’s important to acknowledge that the EV market has displayed growth in various regions:
Within the Association of Southeast Asian Nations (ASEAN) countries, including Malaysia, government incentives have stimulated EV sales growth. However, a potential policy shift, such as the withdrawal of EV tax incentives (including import tax exemptions), could affect EV prices, shedding light on the genuine demand for electric vehicles in these regions.
As the EV market navigates these challenges, it’s imperative for automakers and policymakers to closely monitor consumer sentiment, adapt to evolving economic dynamics, and persist in advancing sustainable mobility solutions. While the current market conditions might test the waters, the long-term commitment to electric vehicles remains resolute.
Pop-up street interventions are gaining popularity as innovative approaches to rapidly transform urban spaces and enhance street functionality. A recent collaboration between Kuala Lumpur City Hall, Global Designing Cities Initiatives, and Bike Commute Malaysia in front of SK Danau Kota 2 School, Kuala Lumpur, exemplifies this nimble and cost-effective method for improving the safety and aesthetic appeal of city streets while promoting active mobility.
The primary goal of this particular project was to create safer and more attractive streets in front of a school, with a focus on improving the environment for children. Simple materials such as paint, strings, and cones were used to effect a quick and temporary transformation of the area. The advantages of pop-up street interventions include:
Pop-up street interventions serve as adaptable and dynamic tools for urban planners and municipalities to address immediate urban challenges, experiment with innovative ideas, and engage with the local community. The project in Kuala Lumpur illustrates how quick and cost-effective measures can enhance street safety and functionality, particularly in areas prioritising the well-being of children and pedestrians.
You may follow Bike Commute Malaysia on their Instagram for further information.
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