WHAT IS P.A.Y.D.™ ?
PAYD™ is the trade name for a system first proposed in 1992, and developed through 2014 to today by the original innovator from 1992 and Bluebird Energy Systems. The rights to the system was passed to ourselves via the Cleaner Ocean Foundation, to allow for rapid energy exchanges or cartridge swapping, servicing and billing for stored electrical or hydrogen energy, to include for the depreciation and provision of service stations, by way of a secure mobility infrastructure that makes electric motoring affordable to the masses, without the need for complicated leasing or outright purchases of the energy storage system of an EV.
This makes the purchase price of an EV much lower than other systems. You pay for energy and cartridge depreciation at every fill up.
PAYD™ (Pay As You Drive) is a trademark. The common laws of passing off apply. You will need permission from ourselves to be able to use the name in connection with any billing system that provides the same service.
This should not be confused with other proposed 'pay as you drive' schemes, in connection with motoring and drivers.
PLUG IN CHARGERS - For a while plugging in to charge your EVs might be feasible, but as electrics become more popular, they will fall foul of the need to replace batteries. This is when PAYD really comes into its own. The system makes the servicing and replacement cost of energy storage affordable.
DON'T RENT OR BUY - PAY AS YOU DRIVE
At the moment you have two options when buying an electric vehicle. You can purchase a battery cartridge outright as with the BMW i3, or you can lease a battery cartridge as with the Nissan Leaf or Volkswagen eUp (as examples).
With the Universal SMARTNET FASTCHARGE system you don't long-term lease a battery or buy a battery. Instead, you borrow a battery short-term and pay for the energy used and depreciation, plus a service charge - as you drive. The system is future proofed, catering for hydrogen fuel cells, as and when development is advanced enough to include as an option.
We call this business model Pay As You Drive or PAYD. This system spreads the cost of running an EV, that anyone can afford to drive clean. Whereas, much of the cost of a new electric vehicle is the battery and/or the lease agreement.
Private motorists and bus and haulage companies will be billed according to their energy use, the energy use being directly proportional to the kilometers (or miles) traveled, just like when filling up with petrol or diesel fuels.
It is a bit like electricity supplied to shops, factories and homes, the energy company bills their customers every quarter. In the case of EV's, it might be better to bill corporations and private motorists monthly via Direct Debit, subject to status checks and credit ratings.
NOT SUBJECT TO STATUS
Where a motorist is in debt or has a temporary bad credit rating, they might pay at each recharge, via direct debit. Everyone in the world will be entitled to use the system - where transport in a modern world is a necessity, not a luxury.
Those without credit or debit cards, might purchase credit on dedicated top-up cards, from millions of retail outlets, such as post offices, banks and supermarkets. Just as with mobile phone top-ups.
The cost of a cartridge exchange is dependent on a number of factors. To see how we worked that out as BEST and WORST case scenarios, click the link above.
We recommend home charging whenever convenient to help national grids cope with point load demands. Click the link above to learn more.
Plug in charging can take from 30 minutes to 8 hours, depending on the type of socket, cable and supply.
FINANCIAL COOPERATION IS NECESSARY
To make such a system workable, we need cooperation from financial institutions who are prepared to help get the proposed social enterprise working - at preferential rates.
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