WednesdaySep 30, 2020 12:45 pm

India Intends to Inject Nearly $5 Billion in EV Battery Incentives to Boost Sector

At this point, plenty of governments have recognized that phasing out internal combustion-engine vehicles in favor of electric cars is inevitable if they wish to avoid climate disasters. As temperatures rise, ice shelves melt and wildfires burn, the need for alternative energy that is clean, renewable and doesn’t produce emissions has become crucial. And while electric cars check many of these boxes, most countries are still a long way from widespread adoption of EVs. In many territories, that can be attributed to high purchase prices coupled with poor battery and charging infrastructure, and some governments are already working at eliminating…

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TuesdaySep 29, 2020 1:30 pm

California Governor Promotes Switch to Electric Vehicles

It’s becoming increasingly difficult to bury our heads in the sand in regard to climate change. The earth is hurtling towards a ‘hothouse’ state not seen in 50 million years and a lot of the blame lies at the feet of humanity. Perhaps the most obvious sign of climate change is that it’s getting hotter and according to scientists, the next three years might be even hotter than normal. No state has experienced the heat as much as California; five of the largest wildfires in state history have been ignited in recent weeks, and residents have become accustomed to rolling…

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MondaySep 28, 2020 2:00 pm

Why an EV’s Actual Range May Vary from the EPA’s Estimate

Over the past few years, the electric vehicle (“EV”) industry has enjoyed plenty of mainstream attention. As governments move towards net zero carbon emissions over the next decade or two, electric cars will represent the next big step in vehicular travel. Powered by rechargeable batteries, EVs produce zero emissions and run on clean renewable energy. In the U.S., the Environmental Protection Agency (“EPA”) is charged with testing and rating the fuel economy of all road-going vehicles, electric vehicles included. Like traditional vehicles, EPA estimates on fuel economy for electric vehicles tend to vary compared to real-world fuel economy. According to…

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FridaySep 25, 2020 1:45 pm

European Electric Vehicle Sales Outshine Chinese Market

For the past few years, China has had the largest electric vehicle (“EV”) market on the globe. Although the electric vehicle market is still growing, China has consistently managed to bag a large percentage of it, at least until recently. According to a new report from Bloomberg, the European electric vehicle sales have finally surpassed the Chinese market for the first time since 2015. The European EV market kept growing due to Europe’s automotive CO2 regulations as well as new model launches from automakers, despite the coronavirus pandemic. Bloomberg reports that around 380,000 electric vehicles were sold in the first…

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ThursdaySep 24, 2020 2:15 pm

UK Moves Planned Fossil Fuel Vehicle Ban to 2030

Vehicles running on fossil fuel have had a pretty good run over the past few decades but it’s become very clear that they do more harm than good to the environment. In a bid to reduce and ultimately eliminate carbon emissions, multiple governments have pledged to phase out the sale of conventional vehicles over the next decade or two. Originally, the UK was planning on banning the sale of new fossil fuel-powered vehicles in 2040, but it is now poised to bring forward the ban to 2030 in a move designed to speed the rollout of electric vehicles (“EVs”) in…

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WednesdaySep 23, 2020 2:45 pm

Norway to Test Wireless EV Charging Next Year

Most developed governments plan on phasing out internal combustion-engine vehicles over the next decade. However, one major factor stands in the way of widespread electric vehicle (“EV”) adoption: charging. While conventional vehicles have a widespread system of gas refilling stations, EV users have to use a spotty and often unreliable charging system. This, coupled with the fear of running out of charge in the middle of nowhere, has kept people from making the switch to electric vehicles. To remove this barrier, Norway is looking to introduce a charging system that would completely change how electric vehicles are charged. From next…

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TuesdaySep 22, 2020 4:37 pm

St. Paul & Minneapolis Secure Federal Funding to Build Public EV Charging Stations

Electric vehicles (“EVs”) represent the next age of vehicular travel, but a few factors still stand in the way of full-scale adoption. With the exception of Tesla drivers, EV users have to use a spotty and often unreliable network of charging systems. Coupled with the high purchase price of most EVs, the lack of a network of reliable charging stations has caused many buyers to stick to internal combustion-engine vehicles. However, with a little help from the government, this might soon become a thing of the past. Minneapolis and St. Paul, for instance, will soon be home to 70 new…

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MondaySep 21, 2020 12:45 pm

Which Powertrain is Ideal for EV Fleets?

Up until the mid-90s to the mid-2000s, anyone looking to purchase a vehicle either for personal or commercial use had to choose between gasoline and diesel-powered vehicles. Over the years, however, technological advancements made battery-powered electric vehicles (“EVs”) a viable option. Additionally, as the long term effects of climate change became clearer, plenty of state governments have started incentive programs to promote or encourage customers to switch to electric vehicles. Such programs have made EVs much more affordable, thus granting a larger customer base access to the EV market. Fleets have a wide variety of options to choose from these…

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FridaySep 18, 2020 11:55 am

Zacks Initiates Research on Net Element (NETE); Predicts $30 Per Share Target Price

Net Element’s reverse merger with EV manufacturer Mullen Technologies expected to close by 4Q2020 NETE expects to begin marketing Dragonfly K50, sold in conjunction with JV partner Qiantu Motors from 2Q2021 Company will also break ground in early 2021 on 1.5 million square foot facility to manufacture, assemble its own vehicles Zacks forecasts that NETE could snag $30/share valuation by merger’s close Net Element Inc. (NASDAQ: NETE), a financial technology company which has recently transformed its business model to become a pure-play electric vehicle (“EV”) manufacturer, was recently the subject of a company initiation report published by Zacks Small-Cap Research (…

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FridaySep 18, 2020 11:00 am

Report Reveals How Health Would Improve If Americans Transitioned to Electric Vehicles

Transitioning from conventional vehicles to electric vehicles will do a lot more than cleanse the atmosphere of harmful carbon emissions, a new report has found. According to the new report by the American Lung Association, phasing out vehicles that rely on fossil fuels will result in remarkably cleaner air. Transitioning fully to electric vehicles ("EVs") by 2040 would result in fewer deaths, asthma attacks, heart attacks, strokes, and other health problems related to air pollution, says Director of Clean Air Advocacy at the American Lung Association, William Barrett. “Out report is grounded in a scenario wherein electric vehicles account for…

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