December 2022 - Green Car Stocks

ThursdayDec 29, 2022 11:54 am

Expert Explains Why Motorists Don’t Need Large EV Batteries

Hans Eric Melin envisions electric automobiles parked on American roadways when he considers the waste of batteries. They resemble gas-powered engines except that they have a high rate of acceleration and can travel 400 miles without emitting any carbon, which is something that conventional automobiles couldn't do. The problem is that electric car batteries consume a significant amount of space as well as raw materials. The majority of drivers, however, would not utilize all the available power. When running errands or picking up the kids from school, the pack is typically idle or just partially utilized. Therefore, the batteries perform…

WednesdayDec 28, 2022 11:35 am

USPS to Add 66,000 EVs to Fleet During the Next Six Years

In a press release, the United States Postal Service (USPS) stated that it anticipates purchasing around 66,000 BEVs for deliveries, this being among the 106,000 vehicles it plans to purchase from now through 2028. The new vehicles that will be bought as part of this expected plan will start to replace the more than 220,000 fleet vehicles for deliveries that are already aging. By 2028, the USPS plans to have a minimum of 60,000 Next Generation Delivery Vehicles (NGDV), of which 45,000 will be battery powered. The plan also calls for an additional 21,000 commercial off-the-shelf (COTS) vehicles, and all…

TuesdayDec 27, 2022 1:59 pm

California Prepares to Ramp Up EV Charging Network

California intends to invest $5.5 billion in the coming years to expand its EV charging infrastructure by installing thousands of charging stations and extending charging to underserved rural regions and high-poverty areas. The California Energy Commission (CEC) and CalSTA are working together to coordinate the distribution of about 90,000 electric vehicle public chargers in the next two years, which could bring the number to twice as many as the 80,000 chargers currently available. According to the recent state announcement, the CEC and California Air Resources Board (CARB) are the ones funding this endeavor. Additional funds of $384 million will be received…

ThursdayDec 22, 2022 12:48 pm

NIO Showcases EVs at Sweden Auto Show

NIO displayed its array of electric vehicles at the December Sweden Auto Show, which focused on green technology and sustainable development in Europe; among the vehicles on display was a supercar concept as well as the typical NIO Electric Vehicle spectrum. This display at the eCarExpo show in Sweden is timed to coincide with the launch of the NIO EV selection in several markets throughout Europe. At the eCarExpo, the ET5, EL7, and ET7, as well as the EP9 supercar, were among the models on display. The EP9 supercar actually appeared at the event to demonstrate the emphasis NIO Inc.…

WednesdayDec 21, 2022 11:17 am

Consumer Reports Ranks EVs from Nissan, Tesla as Most Reliable

The Consumer Reports' survey gathers information from thousands of vehicle owners, including major breakdowns they may have encountered while operating their vehicles. This historical data is then applied to project the credibility and dependability of EVS. Even though the findings of this survey indicate that electric vehicles generally experience lots of problems compared to other kinds of vehicles, the results this year had some promising developments from Tesla and Nissan as they take the lead. In terms of how reliable the vehicles are, the Nissan LEAF comes in third, with the Tesla Model 3 coming second. First place goes to…

TuesdayDec 20, 2022 12:28 pm

Report Suggests Toyota Is Revising EV Strategy

As Toyota competes to close the gap with auto sector leaders Tesla and BYD in terms of performance and pricing, it is anticipated to make some adjustments to its EV strategy in the coming years, through 2026. Individuals who are familiar with the process said this while communicating with their major suppliers. Toyota has long been searching for strategies to help the company compete with the anticipated electric vehicles on the market for the next 10 years. However, one of the individuals stated that the planned changes would unquestionably have an impact on the already scheduled programs over the next…

MondayDec 19, 2022 11:13 am

Lyft Offers Drivers Incentives to Switch to EVs

Lyft has devised a strategy of providing incentives to its drivers in the form of discounts and bonuses to entice them to switch to EVs, which would enable Lyft to meet its target of having all vehicles in its system fully electric by 2030. Lyft recently announced that it was on a mission to partner with businesses in order to support users on its platform with decarbonization efforts and enable Lyft to fulfill a commitment made in 2020 to go fully electric. According to Lyft's director of sustainability, electrification is an important step in combating climate change. As a result,…

ThursdayDec 15, 2022 1:45 pm

Data Shows EVs’ Operational Costs at Par with Conventional Cars

Because of the rise in fuel prices this year, it is now cheaper to run an electric vehicle than a fuel vehicle in nearly all countries across Europe, according to LeasePlan data. Even though battery-powered vehicles have turned out to have reduced operating expenses, they are nonetheless more costly to purchase than fuel-powered vehicles. The costs of owning, operating, and maintaining battery-powered vehicles eventually equal those of gasoline-powered vehicles. This is seen as a critical turning point that could result in a mass conversion to battery-powered vehicles. In order to compare a section of the market across 22 European countries,…

WednesdayDec 14, 2022 1:15 pm

Colorado Wants EV Transition Sans Imposing ICE Vehicle Ban

While many states, including California, which is seen as a role model in terms of designing policies to enable the transition to electric vehicles, have put emphasis on the “sticks” in the carrot-and-stick approach to facilitating the change, Colorado wants to get rid of the stick and emphasize the carrot in order to achieve 100% electrification of its transport industry by 2050. Last week, the state launched a plan geared to promote the rapid uptake of electric forms of mobility without instituting a ban on internal combustion engine (ICE) automobiles. Leaders say that the reason for taking this stance is…

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Month: December 2022

Expert Explains Why Motorists Don’t Need Large EV Batteries

USPS to Add 66,000 EVs to Fleet During the Next Six Years

California Prepares to Ramp Up EV Charging Network

NIO Showcases EVs at Sweden Auto Show

Consumer Reports Ranks EVs from Nissan, Tesla as Most Reliable

Report Suggests Toyota Is Revising EV Strategy

Top Five EV Buyer Questions, Answered

Lyft Offers Drivers Incentives to Switch to EVs

Data Shows EVs’ Operational Costs at Par with Conventional Cars

Colorado Wants EV Transition Sans Imposing ICE Vehicle Ban

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