FridaySep 04, 2020 1:45 pm

New EV Crossover Designed to Meet the Needs of Budget Shoppers

One of the biggest obstacles to the widespread adoption of electric vehicles (“EVs”) is price. Even though most developed governments have introduced federal tax relief to make EVs more affordable, they are still too high priced for a large chunk of the population. While automakers like Tesla and BMW seem to be catering to customers from a higher tax bracket, Volkswagen AG (OTC: VWAGY) is committed to making electric vehicles that can be afforded by the average consumer. Volkswagen’s generation of affordable EVs, denoted by names starting with “ID”, allows customers who traditionally wouldn’t have been able to afford an…

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ThursdaySep 03, 2020 11:00 am

EV Sector to Consume Nearly 80% of Chilean Lithium Supplies

As electric vehicles have become more mainstream, plenty of governments have laid out plans to phase out combustion-engine vehicles in exchange for EVs over the next decade. Since EVs mainly run on rechargeable lithium-ion batteries, they produce zero emissions and have the potential to reduce our reliance on carbon-based energy by a great degree. As a result, says Chilean Mining agency Cochilco, the electric car industry will dominate demand for lithium over the next ten years. On Wednesday, the mining agency said that electric vehicles will account for more than 79% or three-quarters of lithium by 2030, up from a…

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WednesdaySep 02, 2020 3:35 pm

Inadequate Charging Infrastructure Could Stall European EV Sales

Electric vehicles are poised to take over internal combustion-engine vehicles over the next decade in a bid to cut our reliance on carbon-based energy and reduce our impact on the planet. However, one thing that stands against widespread EV adoption, at least in Europe, is inadequate charging infrastructure. Aside from Tesla, most of the electric vehicles sold across Europe have to rely on an inadequate system of different and often broken down charging facilities. While Tesla has its own network of charging stations and a streamlined charging experience, most of the other automakers that produce EVs don’t. “There’s a variety…

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TuesdaySep 01, 2020 1:45 pm

Kandi Technologies Group Inc. (NASDAQ: KNDI) Introduces Tiny Electric Car to US Market

Electric cars represent the next frontier of vehicular travel. They run on clean energy, have zero emissions, and are generally easy on the environment. Most developed countries plan to phase out internal combustion-engined vehicles in exchange for electric vehicles over the next decade, but one major hurdle they face is price. In June 2019, the average cost of an EV in the U.S. was $35,742, according to Kelly Blue Book. However, Americans may be able to purchase a new EV for much less after Chinese automaker Kandi Technologies Group Inc. (NASDAQ: KNDI) announced it would be entering the U.S. market…

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TuesdaySep 01, 2020 1:36 pm

Net Element Inc. (NASDAQ: NETE) Works to Enhance Shareholder Value, Adapts to COVID-19 Fallout

NETE releases Q2 2020 financial report CEO notes impact of COVID-19 on financial results, points to continued efforts to increase shareholder value as merger approaches Shareholder letter provides clarification on expected number of shares Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, released its financial report for Q2 2020 (, the period ended June 30, 2020; NETE also provided more clarifying information about its pending merger with Mullen in an Aug. 19 shareholder letter ( In its financial report, NETE noted that, during second quarter 2020, total transaction volume decreased to $717.9 million, as compared to $950.2 million…

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