September 2021 - Green Car Stocks

ThursdaySep 30, 2021 1:31 pm

Massachusetts Utilities Mull Plans to Boost EV Infrastructure

While the future of vehicular transportation is undoubtedly electric, there are a couple of factors hindering the mass adoption of electric vehicles (“EVs”). Those factors include high upfront costs, consumer ignorance, insufficient charging infrastructure and fears about EV range, dubbed range anxiety. While there's not much that utility companies can do about the first two factors, the latter are well within their wheelhouse. Utilities that take initiative to help solve these hurdles will play a major role in helping the nascent electric vehicle sector blossom amid global efforts to cut down on greenhouse gas emissions. Consequently, a recent proposal by…

WednesdaySep 29, 2021 1:08 pm

Ideanomics Inc. (NASDAQ: IDEX) Plans to Increase Stake in Energica Motor Company to 70%; to Participate, Showcase Technologies at Upcoming 2021 MOVE America Event

Ideanomics has entered into an agreement with the founders of Energica, embodying plans to increase its stake to 70% The renewed investment interest further extends IDEX’s resolve to expand its global footprint in the EV industry Energica is the manufacturer of high-performance all-electric motorcycles Ideanomics will participate at the upcoming MOVE America event, scheduled for September 28-30, where it will showcase technologies from WAVE and Energica Ideanomics (NASDAQ: IDEX), a global company that facilitates the adoption of commercial electric vehicles (“EVs”) and supports next-generation financial services and fintech products, announced September 15 that it has entered into an agreement to…

WednesdaySep 29, 2021 10:57 am

EV Sales Accelerate in 2021

More than a decade after Tesla (NASDAQ: TSLA) revealed the electric Roadster and revolutionized the auto sector, electric vehicle (“EV”) sales are steadily on the rise. This is mostly thanks to increasingly restrictive emission standards that have forced automakers to develop zero-emission vehicles that rely on alternative energy sources in a bid to reduce greenhouse gas emissions. Although electric vehicles still make a fraction of the total vehicles sold globally, the emerging space has experienced plenty of growth this year. Specifically, electric vehicle sales increased by 160% in the first half of 2021 from 2020, with EV makers selling 2.6…

TuesdaySep 28, 2021 9:30 am

Why EV Batteries Are Currently Expensive

Although electric vehicles (“EVs”) are slated to replace internal combustion engine (“ICE”) vehicles as part of global efforts to reduce greenhouse gas emissions, a couple of factors prevent mass EV adoption. The chief obstacle to the widespread adoption of electric vehicles is price, with most EVs being way far too expensive for the average driver. The lithium-ion battery packs that power these alternative energy vehicles are responsible for their high prices, costing up to one-third of an EV's total price. Consequently, reducing EV battery prices without compromising their energy density and safety is vital if electric vehicles are to become…

MondaySep 27, 2021 9:30 am

Experts Say Electric Tractors Could Overtake Gas-Powered Tractors

After nearly a century of monopolizing transportation, the combustion engine has found a worthy adversary. Decades of greenhouse gas emissions have set the planet on a course of climate change, and several regions around the world are already dealing with the effects of global warming. Consequently, zero-emission electric vehicles (“EVs”) are poised to replace fossil fuel-powered cars as countries strive to reduce their reliance on fossil fuels and cut down on their greenhouse gas emissions. Although the wave of electrification began with passenger cars when Tesla debuted the Tesla Roadster more than a decade ago, it has now spread to…

FridaySep 24, 2021 10:30 am

Could Sodium-Ion Batteries Provide EV Tipping Point?

With several countries around the world looking to replace the fossil fuel-powered vehicles on their roads with zero-emission electric vehicles (“EVs”), the battery technology space is poised to be a major sector. Presently, electric vehicles are powered by rechargeable lithium-ion batteries, but many experts doubt whether the battery makers will be able to make enough EV battery packs to support an influx of electric vehicles. This is because the minerals that are used to build li-ion batteries such as lithium and cobalt are quite scarce, and since the industry hasn’t figured out an effective way to recycle these batteries from…

ThursdaySep 23, 2021 10:30 am

American Automakers Criticize New EV Bill

Several American automakers are displeased with a proposed electric vehicle (“EV”) bill that would make unionized automakers eligible for extra electric vehicle subsidies. A few days ago, the Democrats proposed an updated version of the current EV incentives program that would remove the limit on the number of vehicles a single automaker can sell with subsidies and introduce a higher payout of up to $12,500, with unionized automakers that produce electric vehicles and trucks locally being eligible for an additional $4,500 subsidy. The bill has been roundly criticized by Tesla, Toyota Motors and other auto companies that will miss out…

WednesdaySep 22, 2021 10:30 am

BYD Looks Set to Revolutionize Public Transport

Electric vehicles (“EVs”) are poised to take over the world’s roads in the coming decades, replacing internal combustion engine vehicles and helping nations cut down on their carbon emissions. However, although several governments around the world have been pushing for residents to ditch their fossil fuel-powered vehicles for zero-emission electric cars, car owners have been slow to adopt EVs due to a variety of reasons. Some experts say that fleets, rather than passenger vehicles, will be the catalyst for mass EV adoption, and automakers and authorities should include these prospects in their electrification plans. One company that seems to have…

TuesdaySep 21, 2021 10:30 am

How to Keep an EV Trouble-Free

Thanks to more than a century of industrialization and human-caused global warming, zero-emission electric vehicles (“EVs”) are poised to become the dominant vehicles on our roads as large sections of the world grapple with extreme heat and blistering cold. Transportation accounts for a large percentage of total carbon emissions, making electric vehicles, which are powered by rechargeable lithium-ion batteries rather than internal combustion engines, a great way to curb greenhouse emissions from the sector. However, EVs are an entirely different beast from the vehicles we have become accustomed to, and taking care of one will require a much more different…

MondaySep 20, 2021 10:03 am

Democrats Table Enhanced Federal EV Rebate Plan

Ever since President Joseph Biden assumed office, his administration has made it clear that electrifying America’s roads will be a top priority. Biden spent his first months in office working on and subsequently unveiling a gargantuan infrastructure bill that would invest billions of dollars into beefing up the country’s woefully inadequate electric vehicle (“EV”) public charging infrastructure. This was followed by a recent announcement by the White House stating that the government was looking to achieve 50% electric vehicle sales by 2030 in a bid to meet emission standards. Now the Democrats, who have a majority in both the House…

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Month: September 2021