November 2022 - Page 2 of 3 - Green Car Stocks

MondayNov 14, 2022 10:38 am

Italian Electric Vehicle Startup Looks to Upstage Rivals by Leveraging Superior Design

Almost 20 years ago, Tesla proved that electric vehicles could be manufactured for the mass market, and the company has enjoyed the benefits that come with being the first in an industry. Fast forward to today, the United States alone has recorded more than 400 companies looking to make and sell electric vehicles, and the competition is becoming stiff. In Italy, AEHRA, an EV startup isn’t fazed by all the existing and upcoming players in the electric vehicle space because it has an ace up its sleeve. According to AEHRA CEO Hazim Nada, the company will bring freshness to EV…

FridayNov 11, 2022 1:28 pm

Unprecedented Chip Shortage Lengthens Wait Times for EV Buyers

As more people become interested in electric vehicles because of the high costs of gasoline and the government rebates as well as a growing awareness about climate change, potential buyers are being told they have to wait for months and even years before their preferred EV can be available. The worldwide shortage of microchips is one key bottleneck preventing manufacturers from ramping up their production to meet growing demand. Microchips control nearly every function in electric vehicles from monitoring the state of charge in the battery to the driver assist function and how the touchscreen on the dash operates. When…

ThursdayNov 10, 2022 10:28 am

Australian Company Innovates Airbnb Model to Facilitate Electric Vehicle Charging

As more people opt for electric vehicles in a bid to cut the running costs of their vehicles and heed calls to tame runaway climate change, entrepreneurs are seeing opportunities in the challenges faced by the early adopters to EV technology. One big complaint has been a shortage of charging facilities, and an Australian company is showing how this problem can be resolved creatively through reimagining the Airbnb business model. Chargehound, an offshoot of Parkhound, is the company looking to give homeowners with a charging station the chance to make some money while helping EV owners find a place to…

WednesdayNov 09, 2022 1:07 pm

Car Dealers, Mechanics Grapple with New Challenges as Electrification Intensifies

As the demand for electric vehicles grows in different regions around the world, car dealerships and mechanics are coming face-to-face with new challenges as the changes brought by electric cars filter through to them. Given that electric vehicles can have very high-power electric systems, to the tune of 800 volts in some cases, mechanics need to acquaint themselves with these systems in order to stay safe while doing their work. For example, one would imagine that a panel beater may not need to know much about the current running through an EV, but this specialist is required to learn how…

TuesdayNov 08, 2022 1:26 pm

Xpeng’s EV Deliveries Drop to Half of Nio, Shares Slide

According to statements released by a trio of Chinese electric vehicle startups, the October deliveries made by Xpeng dropped to about one-half of those made by its local rivals Nio Inc. and Li Auto. This poor sales performance caused the shares of Xpeng to drop versus those of its rivals. While Xpeng reported that it had delivered 5,101 EVs in October, Nio says it dispatched 10,059 electric vehicles to its customers while Li Auto delivered a total of 1,052 cars during the month of October. This marks the third consecutive month that Xpeng’s deliveries have declined. The market for electric…

MondayNov 07, 2022 10:40 am

Saudi Arabia Partners with Foxconn to Build Electric Cars

PIF, the sovereign wealth fund in Saudi Arabia, has announced that it will start manufacturing electric vehicles (EVs) within the kingdom through a partnership with Foxconn, a company that makes iPhones for Apple Inc. This foray into the EV space is geared at diversifying the kingdom’s economy away from overdependence on oil. In a statement, the wealth fund indicated that Ceer would be the first EV brand produced in Saudi Arabia by the Saudi government-owned fund. The statement added that the brand would design, produce and market several models of electric vehicles to consumers primarily in Saudi Arabia as well…

FridayNov 04, 2022 11:39 am

The “Frunk” Proves Divisive in Nascent EV Industry

The race for who dominates the electric vehicle industry has barely started as engineers at different EV manufacturing facilities battle to boost EV range as well as the speed at which the batteries can be charged, among other issues of electric vehicles. However, the front trunk or “frunk,” is proving to be a divisive factor, with some complaining about the features while others are reporting it could popularize electric vehicles in ways no manufacturer had imagined possible. For starters, there seems to be no agreement regarding the necessity of a frunk on an electric vehicle other than using as extra…

ThursdayNov 03, 2022 1:48 pm

Roaring Chevy Bolt Sales Underscore Americans’ Need for Affordable EVs

General Motors has an exciting new lineup of electric vehicles, including the GMC Hummer EV, Cadillac Lyriq and Silvarado EV (a pickup truck). However, the company’s star of the moment seems to be the Chevrolet Bolt, an electric vehicle that was first introduced in 2016 and has had a bit of a turbulent history. The Chevy Bolt, as it is popularly called, almost had the rug pulled from under it after a series of issues. In 2021, the company suspended the production of the Bolt because it had a defect that could trigger spontaneous battery fires. The company went as…

WednesdayNov 02, 2022 1:17 pm

Rolls Royce Launches First-Ever Electric Vehicle

By introducing Spectre, Rolls Royce has just embarked on the journey of having all of its vehicles run on electricity by the year 2030. The Spectre is the first Rolls Royce vehicle to run entirely on electricity. This, the company says, demonstrates how far technology has come to produce the newest models, such as the Spectre. The CEO stated that the company prides itself on producing Spectre, its best product ever. However, the new EV model did cost Rolls Royce a significant investment, which is the rationale behind the new EV’s high price. Rolls Royce CEO Torsten Müller-Otvös claims that…

TuesdayNov 01, 2022 11:43 am

Will EVs Trigger Death of Gas Stations?

Gas stations have been a staple of our roads for more than a century, but the emergence of electric vehicles is suddenly challenging the very survival of these familiar features of American roads and highways. As more people buy EVs, different businesses, such as gas stations, convenience stores and even standalone charging stations, have developed to meet the demand to avail charging facilities to motorists on the go. A close look at the infrastructure bill passed by the Biden administration reveals an ambitious plan to boost EV charging infrastructure by building at least half a million charging stations along major…

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Month: November 2022