December 2021 - Green Car Stocks

ThursdayDec 30, 2021 9:30 am

Department of Homeland Security Prepares to Test Mustang Mach-E as Police Vehicle

Electric vehicles (“EVs”) manufactured by established automakers are poised to play a significant role in the proliferation of EV technology. Unlike EV startups that have to build everything from the ground up, established automakers such as Ford already have facilities, skilled manpower and connections along the supply chain. This allows them to hit the ground running once they decide to start building electric cars. Ford, for instance, introduced the Mustang Mach-E in November 2019 and began selling the premium EV in December 2020. A year later, the Department of Homeland Security (“DHS”) has revealed that it will start testing the…

WednesdayDec 29, 2021 9:30 am

How to Retain EV’s Range During Extreme Cold Weather

There’s a learning curve when it comes to using electric cars. Rather than the internal combustion engines we are all used to, electric vehicles (“EV”) use rechargeable lithium-ion battery packs and electric motors to generate power and torque. The size of the battery pack will determine your EV’s range, as well as how much energy is stored when the vehicle is at rest and how much is fed to the motors once the car is in motion. With large parts of the country capable of reaching extremely low temperatures in the winter, new drivers will have to learn how to…

TuesdayDec 28, 2021 9:30 am

White House Unveils $7.5 Billion EV Charging Plan

President Joe Biden made electrification and clean energy key components while campaigning, and after a year in office, he is keeping his promises. Most experts agree that human activity is heating up the planet. Since transportation is responsible for a significant portion of greenhouse gas emissions, adopting zero-emission vehicle technology can help bring carbon emissions down. However, America’s electric vehicle (“EV”) sector is held back by insufficient EV charging infrastructure; most EV chargers are concentrated in urban areas, and the fastest ones are only accessible to Tesla owners. Biden’s administration has unveiled a plan that would finally see the president’s…

MondayDec 27, 2021 9:30 am

Toyota Motor Corp. (NYSE: TM) to Spend $35 Billion on Electrification, Unveil 30 Models by 2030

For the longest time, Toyota Motor’s (NYSE: TM) only electrified cars have been hybrids such as the Toyota Prius hybrid, first launched in October 1997. But while fellow automakers and electric vehicle (“EV”) startups have developed a variety of pure battery-electric vehicles (“BEVs”) and unveiled plans to produce even more EV models over the next decade, the Japanese automaker has dragged its feet in comparison. However, Toyota recently announced that it is finally wading into the battery electric vehicle segment and significantly increasing its EV lineup. The automaker plans on investing a whopping $70 billion on electrification over the next…

ThursdayDec 23, 2021 9:30 am

Biden Wants All Light Vehicles on Federal Fleets to Be EVs by 2027

President Joseph Biden based his campaign on electrification and clean sustainable energy. More than a year after he won the election, he is working to keep the promises he made. He unveiled a plan to build a network of half a million charging stations shortly after assuming office, and just a few weeks later, he signed a $2 trillion infrastructure bill that would provide funding for this electric vehicle (“EV”) charging network into law. On Dec. 8, 2021, the White House announced that it intends for all new light-duty vehicles bought for the federal fleet to be electric by 2027…

WednesdayDec 22, 2021 9:30 am

Data Shows BEV Sales Doubled in the US Between January and October 2021

This year has been a good year for the nascent electric vehicle (“EV”) sector, all things considered. Although the economy is still struggling to recover from the effects of the coronavirus pandemic, data shows that battery electric vehicle (“BEVs”) sales nearly doubled between January and October. With the effects of climate change becoming clearer every year, several governments have revealed plans to achieve carbon neutrality by 2050, and automakers have been developing new EV models. However, EV adoption has been quite slow owing to factors such as high costs and limited charging infrastructure. Nevertheless, car registration data sourced from Experian…

TuesdayDec 21, 2021 2:00 pm

General Motors Company (NYSE: GM) to Inject $3 Billion into Michigan EV Projects

Electrification is picking up more steam as countries pass increasingly strict tailpipe emission standards and more players join the nascent electric vehicle (“EV”) industry. Furthermore, the electric vehicle game isn’t limited to just EV startups; most established automakers are also working on electrifying their vehicle lineups and surpassing Tesla, which is currently the world’s largest electric vehicle maker. General Motors Company (NYSE: GM) plans to achieve this goal in large by leveraging existing manufacturing facilities and retrofitting them to build electric vehicles. And like fellow automakers, GM will invest a significant amount of money in electrification in the next decade.…

MondayDec 20, 2021 9:48 am

What the New Battery Chemistry for Tesla Inc. (NASDAQ: TSLA) Model Y, Model 3 Means

Electric vehicles have one core aspect that makes them extremely superior to combustion engine vehicles: they produce zero emissions at the tailpipe. By eliminating combustion engines and the fossil fuels that power those engines in exchange for rechargeable battery packs, automakers can reduce vehicle emissions by a significant margin. With a large portion of the world looking to cut down greenhouse gas emissions in a bid to arrest runaway climate change, EVs represent the next logical evolution of vehicular transport. However, EV technology is still relatively new, and players in the EV and battery-making spaces are constantly tweaking their formulas…

FridayDec 17, 2021 2:00 pm

Fords Sets Two-Year Timeline for Earning Second Spot in EV Sector

Like most established automakers, Ford Motors is looking to electrify its vehicle line-ups and carve a section of the nascent electric vehicle (“EV”) market for itself over the next couple of decades. Ford has already released the award-winning Mustang Mach-E and is currently developing an electrified version of its bestselling F-150 pickup truck. Additionally, the Dearborn, Michigan-based automaker has invested $500 million in electric vehicle startup Rivian for more than 10% ownership. According to a Ford executive, the company is now looking to significantly ramp up EV production in the next couple of years. Ford plans on increasing electric vehicle production…

ThursdayDec 16, 2021 12:09 pm

BYD Partners with Toyota to Make Affordable EV

Although the race for electrification was kicked off by an electric vehicle (“EV”) startup, established automakers are also looking to make their mark in the nascent EV industry. Automakers such as Hyundai, General Motors and Ford have already released EVs while others that don't yet have electric cars on the road are working on extensive electrification plans. Now a report from Reuters claims that Toyota, which has been quite slow to join the electric bandwagon comparatively, is looking to build an electric car as well. According to Reuters, Toyota has partnered with Chinese manufacturing company BYD to develop a new…

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Month: December 2021