FridayApr 30, 2021 12:15 pm

Ideanomics’ (NASDAQ: IDEX) Treeletrik Subsidiary to Supply 200,000 E-Motorcycles to Indonesia, Setting Stage for Significant Expansion

Treeletrik, Ideanomics’ subsidiary, inked a $274 million three-year deal with two distributors to supply 200,000 e-motorbike units to Indonesia The deal will result in Treeletrik’s expansion, enabling Ideanomics to continue providing its shareholders with high-growth opportunities Indonesia, the third-largest motorcycle market in the world, is a promising market for e-motorbikes, as evidenced by the projected growth at a CAGR of ~21% from 2019 to 2025 The Indonesian electric motorbike market is expected to grow at a CAGR of 20.96% from 2019 to 2025, reaching $816.2 million from $364.4 million ( amid clamor around the high vehicular pollution and the need…

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FridayApr 30, 2021 11:15 am

Audi Unveils Its Most Affordable EV

With the world moving towards fully electrifying the transport sector, most established carmakers have developed or are currently developing their own electric offerings in a bid to stay relevant in a changing automotive industry. Although most electric vehicles (“EVs”) are too pricey for average drivers, EV makers such as Tesla have made a killing by targeting eco-friendly drivers with heftier checkbooks. On April 14, German car manufacturer Audi announced a new EV model that is without a doubt one of the more affordable in the luxury electric vehicle segment. Starting at a retail price of $45,000, the new Q4 E-Tron…

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ThursdayApr 29, 2021 3:19 pm

Ferrari Will Launch First EV in 2025

In what appears to be a 180-degree change of position, sports car maker Ferrari has announced that it plans to release its first fully electric vehicle in 2025. This is much earlier than its previous statements on the matter had indicated. During the Italian company’s annual meeting held last week, Ferrari chair John Elkann announced that the company would unveil its first EV mid this decade. Elkann’s announcement was despite the fact that, less than six months earlier, Louis Camilleri, who was then CEO of Ferrari, had emphatically stated that the Prancing Horse would never transition into a fully electric…

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WednesdayApr 28, 2021 1:45 pm

Mercedes Unveils Flagship Luxury EV

With several governments around the world looking to replace their nations’ fleets with zero-emission electric vehicles (“EVs”), there has been a mad dash by several EV start-ups as well as established automakers to capture a large swathe of the market. Tesla undoubtedly revolutionized the industry when it released the Tesla Model S more than a decade ago, and although the California-based EV maker is currently at the top of the electric vehicle space, automakers such as Toyota, BMW, Volkswagen and Hyundai are competing admirably. On April 15, Mercedes announced that it is finally throwing its hat into the EV game…

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WednesdayApr 28, 2021 12:52 pm

Ideanomics, Inc. (NASDAQ: IDEX) Lets Light Shine on Eco-friendly Operations During Earth Week

New York-based Ideanomics Inc. is building key operations in across the world, aiming to promote the transition from gas-powered vehicles to electric vehicles The company’s sustainability efforts were recently recognized by the NASDAQ exchange when Ideanomics rang the closing bell at the end of Earth Week Ideanomics (NASDAQ: IDEX) received the honor of virtually ringing the NASDAQ closing bell to wrap up Earth Week on April 23, highlighting the company’s “mission … to drive the sustainability transformation globally” and ensure it is making a difference ( Ideanomics now has two primary divisions: Ideanomics Mobility, whose mission is driving EV adoption…

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TuesdayApr 27, 2021 3:10 pm

New EV Leasing Company Launches in UK

An electric vehicle leasing company has unveiled a new lease program dubbed Electric Dreams that will give employers the ability to lease out virtually any battery electric vehicle (“BEV”) to their employees through salary sacrifice schemes. The service, which will be provided by EV leasing provider Octopus Electric Vehicles, will allow employees to sacrifice part of their tax-free salary in exchange for a fully electric vehicle of their choice. By taking advantage of the low Benefit in Kind tax rates that are currently charged on electric vehicles, Electric Dreams claims that drivers who have already signed up are saving an…

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MondayApr 26, 2021 11:45 am

Huawei Aims to Invest $1 Billion in EVs

The past few years have been pretty rough for Huawei. For quite a while, the Chinese telecommunications company had been at the top of the game alongside Samsung and Apple, but after former President Donald Trump began focusing on the company, things went downhill quickly. The Chinese tech giant has since faced a wide variety of U.S. sanctions that have almost crippled its operations and removed it from its lofty perch at the top of the telecommunications sector. In a bid to diversify and keep the profits coming, Huawei has now pledged to invest $1 billion in partnership with major…

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ThursdayApr 22, 2021 2:48 pm

EV Groups in Canadian Province Protest New Annual Tax

As 2020 drew to a close, the state of Victoria in Australia announced plans to introduce a new road user tax for electric vehicles (“EVs”). According to officials, drivers with conventional gas and diesel-powered vehicles paid to maintain the roads via a national excise tax on fuel, and this new tax was designed to ensure EV drivers paid their fair share as well. The proposed annual tax was immediately condemned by the electric vehicle industry and environmental groups who said it would be detrimental to Australia’s fledgling EV sector. This past Saturday, two electric vehicle groups held separate demonstrations protesting…

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WednesdayApr 21, 2021 2:50 pm

Biden Calls End of Feud Between Korean EV Battery Makers Victory for US

The Joe Biden administration is determined to replace most of the country’s gas and diesel-powered vehicles with zero-emission electric vehicles (“EVs”), and recent developments in the battery-making space have brought the country a step closer to its goal. Two battery makers from South Korea — SK Innovation and LG Energy — had been involved in a feud that would have had lasting consequences on the American electric vehicle industry. However, the two companies recently announced that they have reached a settlement, a move President Joe Biden says is a big win for the United States. In February this year, the…

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MondayApr 19, 2021 11:30 am

These EV Makers Are Betting Their Future on Tiny Cars

Americans love their big cars. With North Americans buying more sports utility vehicles (“SUVs”) than they do cars, the SUVs have been flying off dealers’ lots for quite a while. Consequently, as the automotive industry has started shifting towards electrification, most EV makers have tried their hand at developing an electric SUV to cater to the pickup truck-loving masses. In China, however, drivers have overwhelmingly taken to the Wuling Hong Guang Mini EV, a tiny EV that has taken the Chinese market by storm and is even outselling Tesla’s Model 3. Several automakers have taken note of the trend, developing…

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