The electric vehicle market was hit by some bad news this week. Azure Dynamics, the company behind the Ford Transit Connect Electric, has closed its European operation and filed for bankruptcy protection.
The company has simply been caught out by such turbulent financial times across Europe and has sadly had to close its European doors. It was revealed that around 500 Azure Dynamics Ford Transit Connect Electric vehicles were produced with over half of them being sold in the United States. Around 230-240 were then left to be sold here in Europe.
A Ford UK spokeswoman has been explaining that “a very small number” had thus far been sold in the UK. Furthermore, they added that the company was looking to establish a way in which they could service their small number of customers.
Is There a Future?
Vice President of Azure Dynamics, Mike Elwood, is adamant that there will be a long term future for the company. He’s been quoted saying: “There is a future for Azure, we’re not sure where but there is a future for Azure and hopefully that will be in Europe.” Mr Elwood is also very hopeful that Azure Dynamics can retain the relationship that they have established with Ford. The Transit Connect Electric recently became available for the new electric vehicle discount that has been offered by the government. Whilst the Transit will reduce emissions and save you money on a van insurance quote due to its electric nature, it will also save you money when buying it from new.
The demise of the company has now forced the Department for Transport to step in to state that the situation that Azure Dynamics finds themselves in will not, in any way, damage the Plug-in Van Grant scheme that was launched this year. A spokeswoman for the Department for Transport explained: “It doesn’t affect the scheme. There’s no set number of vans that have to be eligible. More will be added on as they come to market.”
The fantastic little Transit van is just one of the first seven vans to gain eligibility for the grant that offers buyers a 20% discount off the new price up to the value of £8000. There aren’t currently a large number of these Transit vans available to those that want one here in the UK, therefore, if you do indeed fancy one, then it will be a good idea to act quickly!
So, who wants one and who already owns one?