WednesdaySep 08, 2021 9:30 am

Ideanomics Inc. (NASDAQ: IDEX) Completes Commercial EV Ecosystem Reach through M&A Deal with Van Manufacturer VIA

Sustainability cultivator Ideanomics has reached an agreement with commercial EV vehicle manufacturer VIA Motors to acquire VIA in an all-stock transaction valued at $450 million The VIA acquisition will solidify Ideanomics’ position as a made-in-America brand focused on building an end-to-end commercial EV ecosystem  Ideanomics has completed other M&A activity in recent months designed to establish sustainable solutions that reduce the harmful effects of pollutants on the earth’s climate, particularly involving wireless battery-charging technology for commercial fleets The acquisition will help VIA to focus on completing the manufacturing process, with vehicles expected to roll out by 2023 New York-based Ideanomics…

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TuesdaySep 07, 2021 12:55 pm

Fleet Managers Lack Requisite Expertise to Make Decisions on EVs

The electrification of vehicular transport is all but inevitable, thanks to a variety of challenging but ultimately solvable factors such as high costs and poor charging infrastructure. However, most ordinary drivers are not willing to ditch their internal combustion engine (“ICE”) vehicles for electric vehicles (“EVs”). Fleets, on the other hand, can easily overcome these issues, and governments in several territories are encouraging companies and their fleet managers to electrify their fleets in a bid to reduce reliance on fossil fuels and clean up the air. Municipalities and companies will have enough funds to purchase a couple of electric vehicles…

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FridaySep 03, 2021 3:03 pm

Global EV Market Expected to See Nearly 20% CAGR Until 2028

The nascent electric vehicle (“EV”) sector is poised to experience major growth over the next decade. As the effects of climate change become increasingly apparent around the world amid freezing temperatures, heat waves and massive wildfires, territories are scrambling to reduce their reliance on fossil fuels and cut down on their greenhouse gas emissions by replacing fossil fuel cars with zero-emission electric vehicles. As such, the sector will experience significant growth over the next decade as automakers and fleets work to meet carbon emission standards and more drivers ditch their internal combustion engine (“ICE”) for electric cars. According to a…

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ThursdaySep 02, 2021 9:30 am

EV Firms Opt for More Affordable Production Methods

More than a decade after California-based startup Tesla unveiled the Tesla Roadster and proved that road-worthy electric vehicles (“EVs”) were a viable mass-market option, Tesla is now the largest electric vehicle maker as well as the most valuable car company on the planet. It currently has a backlog of 400,000 Model 3 orders and a production rate of 1,000 cars per day, and the EV maker has produced more than 360,000 EVs since the Roadster first hit the roads. However, Tesla’s journey to the helm of the nascent EV sector was fraught with complications, especially regarding scaling up production for…

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WednesdaySep 01, 2021 9:30 am

EV Owners Prefer Tesla Inc. (NASDAQ: TSLA), Volta Chargers, JD Power Finds

After more than a century of dominating the world’s roads, it seems the era of the internal combustion engine is drawing to a close. The increasingly apparent effects of climate change are forcing countries around the globe to do something they should have done a long time ago — replace fossil fuels with clean, renewable sources of energy. But although several territories are investing plenty of resources into phasing out internal combustion engine (“ICE”) cars for zero-emission electric vehicles (“EVs”), insufficient charging infrastructure has hindered mass EV adoption. Still, plenty of drivers have ditched their fossil fuel-powered vehicles for EVs, especially…

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