BMW iX3 crowned World Car of the Year 2026 as EVs lead the way
The BMW iX3 has been named World Car of the Year 2026, with the announcement made at the New York International Auto Show on 1 April.
- Industry News
- 2 April 2026
A small South African start-up, Funky Electric, hopes to introduce an affordable electric vehicle into the market no later than early 2023.
The designer of the vehicle, Stephan Theron, and his wife Adele, came across the idea during their stay in China where they own restaurants.
“In China EVs are almost old news. The Chinese government subsidises the development of EVs. We asked ourselves why we couldn’t develop an entry-level EV for inner city and suburban use that will also educate the regular man in the street in South Africa,” explained Stephan. “At the moment, EVs are all about experts arguing about battery size while the average person doesn’t know much about these vehicles,” he continued.
Stephan then approached the KL Group in China who helped him design the Funky FE-1. The vehicle seats four persons, has a curb weight of 400kg, a 4000W motor, electric windows, a multi-function steering wheel and reaches a maximum speed of about 60km/h.
According to Stephan, it has a range of about a 100km. The battery will take about 8 to 11 hours to charge from flat to fully charged. “This is only in very unlikely cases. Because the vehicle will only be used for suburban short distance runabouts, you will most likely never use up the full capacity of the battery. That means you will only have to top it up, which can be done in between load shedding,” said Stephan.
The 60v/100Ah Lead-acid battery (an upgrade to a Lithium-Ion battery is available) can be charged at a normal three-point socket.
The vehicle must still be homologated, but Stephan does not foresee any problems.
It will retail for around R190 000.
While rising fuel prices often trigger spikes in interest around electric vehicles, Volvo Car South Africa believes the real reasons South Africans are starting to consider EVs go far beyond the petrol pump.
MG has opened a new engineering centre in Frankfurt as part of its “in Europe, for Europe” approach. The facility will focus on developing vehicles suited to European conditions, including climate, roads and driving habits. It will work alongside existing teams in the United Kingdom (UK) and London design hub.
Europe’s used electric vehicle (EV) market is experiencing a notable surge as the Iran conflict drives up global oil prices and pushes petrol costs sharply higher across the continent.