February 2022 - Green Car Stocks

MondayFeb 28, 2022 9:30 am

Chinese Authorities Approve Construction of Audi-FAW Joint Plant

On Feb. 11, 2022, Chinese authorities approved the construction of an electric vehicle (“EV”) manufacturing plant by Volkswagen Group’s Audi and its China-based partners FAW Group. The construction of the EV plant will cost about $3.3 billion. China is the largest global market for electric vehicles. The country recorded 160% growth in EV sales last year with a total of 3.3 million units sold. Therefore, this project is vital to Audi’s electrification strategy as it expands its presence within China. According to a spokesperson from Volkswagen Group, the project is set to begin in the second quarter of the year.…

FridayFeb 25, 2022 9:30 am

EV Sales Surged 109% Globally in 2021 with Tesla Inc. (NASDAQ: TSLA) Firmly on Top

Global demand for electric vehicles (“EVs”) is on the rise. Despite car makers dealing with chip shortages and supply chain disruptions, 2021 sales rose by 109% in comparison to the previous year. In a report released last week by marketing firm Canalys, about 6.5 million battery electric and hybrid vehicles were sold, with Tesla (NASDAQ: TSLA) accounting for 14% of the market share. According to the report, the global car market expanded by 4% last year with EV sales accounting for 9% of total passenger car sales. Most electric cars, about 85%, were sold in Europe and mainland China. Mainland…

ThursdayFeb 24, 2022 9:30 am

EV Ads Reign During Super Bowl

Within the next year, several carmakers are looking to release new electric vehicle (“EV”) models, and the Super Bowl provides a wonderful opportunity for these companies to showcase through advertising. General Motors, Kia, BMW and Polestar are some of the big names that have featured electric vehicles in their ads. It is estimated that the average ad spot during the Super Bowl is about $6.5 million for 30 seconds. The increase in releases fits into the growing interest in electric vehicles in the United States. This transition to clean energy will lead to a reduction of carbon emissions from the…

WednesdayFeb 23, 2022 9:30 am

Could Tesla Inc.’s (NASDAQ: TSLA) Cybertruck Kill Off Traditional Pickups?

In a recent YouTube video, a Tesla (NASDAQ: TSLA) investor said that the company’s latest Cybertruck is in motion to kill off the traditional pickup truck. According to Dave Lee, the design of the Cybertruck is the best for a vehicle whose toughness makes its use more efficient. The design of the Cybertruck is Tesla's best and, according to the brand’s chief designer, the overall appearance is meant to match the vehicle’s functionality. In a podcast interview with Spike’s Car Radio, Franz Von Holzhausen said the design took a first-principles approach stating that priorities were placed on the truck's utility…

TuesdayFeb 22, 2022 9:30 am

White House Rolls Out $5 Billion Plan to Fund EV Chargers for US Highways

On Thursday, the U.S. Departments of Energy and Transportation announced that they will allocate about $5 billion over the next five years to states to provide access to electric vehicle (“EV”) charging. This is part of the $7.5 billion bipartisan infrastructure package that will see electric charging stations distributed across U.S. highways. This latest funding effort is part of the $1 trillion infrastructure bill that Congress approved in November. This year, $615 million will be allocated to the states whose submitted plans receive a green light from the federal officials. In the press conference, U.S. Transportation Secretary Pete Buttigieg said…

FridayFeb 18, 2022 9:30 am

US Army Plans to Build EVs, Reduce Greenhouse Emissions

Last week, the US Army unveiled its plan to make its operations environment friendly through its climate strategy. One of the main aims mentioned in the strategy is to reduce the emissions of greenhouse gas. The US Army is the oldest branch of the military, and it has bases in some 70 countries. According to the Conversation, the military burns more resources than over 140 countries, making the enterprise one of the world’s biggest pollutants. Last year, a petroleum leak from fuel used by military vehicles resulted in a health crisis after it poisoned water that is relied on by…

ThursdayFeb 17, 2022 9:30 am

Chargeway App Allows EV Owners to Find Charging Spots in North America

Chargeway has launched an app that will allow its users to find charging spots for their electric vehicles (“EVs”) in North America. The app is available on devices running iOS 14 and can be integrated with Apple’s Carplay. In addition to locating charging facilities, the app also offers a trip-planning feature. The app is created by Chargeway, a company that was founded in 2018 by branding strategist Matt Teske. He formed the startup with the idea of supporting EV owners who have a hard time locating charging points, a major problem affecting EV adoption in the United States. He tested…

WednesdayFeb 16, 2022 9:30 am

This Swiss Company Is Fast Tracking EV Adoption

Efforts to reduce the planet’s carbon footprint are gaining momentum all over the world. In the United Kingdom, the government has set a goal to ban cars that run on fossil fuels by 2030. This has led to a boom in the electric vehicles (“EVs”) industry with the adoption of zero-emissions cars. However, the industry is facing challenges with the availability of charging stations and other infrastructure. According to the Guardian, the UK only has about 28,000 public EV charging devices. To fix this problem, Juice Technology is revolutionizing the experience of electric car owners by making charging infrastructure flexible…

TuesdayFeb 15, 2022 9:30 am

Michigan Seeks to Introduce Wireless Charging Highway for EVs

Michigan state is looking to introduce a wireless charging highway in Detroit that will charge modified electric vehicles (“EVs”) when they drive on it. The state will work with Electreon Wireless, an Israeli startup, to implement the infrastructure. The company said that it has already applied similar technology in other countries including Italy, Germany, Sweden and Israel. The project was first mentioned by Michigan’s governor Gretchen Whitmer at Motor Bella in 2021. The project involves Electreon Wireless working with Ford and DTE to electrify about a mile-long road located around Detroit's Michigan Central Terminal. Ford is planning to convert the…

MondayFeb 14, 2022 9:30 am

UK Records an 11% Drop in Carbon Dioxide Emissions in 2021

The United Kingdom recorded an 11% drop in the carbon dioxide emissions of new cars sold in 2021. This is the lowest level ever, and it can be attributed to an increasing demand for electric vehicles (“EVs”). According to data from the Society of Motor Manufacturers and Traders (“SMMT”), the average of greenhouse emissions dropped to 119.7g per kilometer covered. Trends indicate that 12% of cars sold in 2021 were battery electric vehicles. Similarly, an increase in demand for hybrid vehicles was recorded as a contributing factor to the fall of carbon dioxide emissions. Last week, the car sales figures…

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Month: February 2022