March 2023 - Green Car Stocks

FridayMar 24, 2023 12:55 pm

Declining Lithium Prices Trigger Reductions, Boost EV Affordability

The cost of lithium, a key element in all EV batteries, has significantly decreased, making electric vehicles relatively affordable. This is great news for consumers. However, experts differ on the duration for how long low costs will persist. Several observers were surprised by the sudden changes because they had assumed that the prices would remain high or even increase, impeding the switch to greener transport methods, a crucial step in the fight against global warming. The decline in material costs has made it simpler for automakers to lower the cost of electric cars. For example, this year saw Tesla reduce…

ThursdayMar 23, 2023 12:52 pm

Study Shows Strategic EV Charger Location Could Reduce Power Grid Stress

According to MIT researchers, electric vehicles may have a lesser effect on the electricity grid if charging points are strategically placed and technologies are put in place to start auto charging at scheduled times. Plans at the national and international levels to tackle climate change include raising the amount of electricity produced from renewable energy sources and electrifying more automobiles. However, some forecasts suggest that these developments may necessitate the construction of costly new power facilities to handle power demand surges in the evening hours when automobiles are plugged in after work. Meanwhile, excessive solar panel power output during the…

WednesdayMar 22, 2023 2:02 pm

Volkswagen Unveils Affordable EV Concept Ahead of Tesla

During a German investor presentation, Volkswagen revealed the ID.2all, a prototype car that represents its accessible electric car for the masses. It’s a compact, battery-operated hatchback. Once the new vehicle enters production in the year 2026, it will have an initial price of $26,833 (€25,000) or less. The ID.2all display car is a sneak peek of a real car that may appear later on and could be dubbed the ID.2. Volkswagen presently offers the ID.6, ID.5, ID.4 and ID.3. The new prototype provides a preview of the general style and features we may anticipate from the actual vehicle when it…

TuesdayMar 21, 2023 2:14 pm

Tesla Announces Switch to 48V System

Tesla Inc. (NASDAQ: TSLA) continues to make advancements toward its own electric cars' low-voltage systems, which up until this point have been running at about 12 volts, exactly like the great majority of conventional cars. Representatives of Tesla recently announced the company’s aim to launch a 48-volt system. Although the system has been around a long time, this remains a unique solution in the automobile industry. Tesla's initial stage was the transition from 12-volt lead-acid batteries to all-new li-ion 12-volt auxiliary batteries, a move that was announced in February 2021. These batteries were first introduced in the updated Tesla Model…

MondayMar 20, 2023 3:37 pm

Report Shows $120B Invested in Manufacturing EVs Within the US

According to a recent report by the Environmental Defense Fund and WSP USA, the IRA and other national measures have stimulated already booming investments in EV production facilities as well as batteries used in powering them in the United States. Investment totaling more than $120 billion and 143,000 newly created jobs in the manufacturing industry in the United States have indeed been reported during the past eight years. More than 40 % of the announcements have occurred in the past six months, after the Inflation Reduction Act's adoption. According to Peter Zalzal, a vehicle manufacturing renaissance in America has begun in…

MondayMar 20, 2023 12:00 pm

EV Charging Summit & Expo To Discuss Important Issues Of EV Charging

The EVCS & Expo event is being held on March 29-31, 2023 at the Mirage Hotel, Las Vegas. Company executives, directors, professionals, government organizations, and stakeholders of EV and allied industries, are invited to attend the event. The event focuses on important issues of financing, infrastructure, operability, and ROI for EV charging. Exhibitors participating in the event will pitch their business ideas and showcase real solutions, novel ways of cost savings, and technological advances to infrastructure. All commercial and government organizations can leverage the platform to gain in-depth knowledge and insights into hassles, challenges and solutions for EV charging infrastructures.…

FridayMar 17, 2023 11:11 am

EV Wins Top 2023 Accolade in UK Car Contest

The 2023 UK Vehicle top accolade has been given to an electric vehicle. The judges praised the vehicle as "excellent" and said that it was reasonably priced. A significant victory for electric automobiles was achieved with the selection of the MG4 as the winner in the UK car contest. The MG4 was declared the ultimate winner out of seven new vehicles on the final list, placing it ahead of Dacia, Lotus, Land Rover and Kia, as well as Toyota cars. The closest rivals for the MG4 were models with IC engines, in contrast to the previous year, when the leading…

ThursdayMar 16, 2023 1:20 pm

Biden Meets EU Commission President Over EV Subsidies

President Joe Biden and European Commission President Ursula von der Leyen recently announced an agreement to begin talks over the usage of minerals in Europe that are essential in producing batteries for electric cars that qualify for subsidies in the United States. This agreement could benefit the electric auto industry. The two presidents decided to begin negotiations to resolve disputes between the United States and European Union over the EV subsidies that are included in America's $375-plus billion renewable energy act, which was enacted in 2022. The act provides subsidies for purchases of cars that are built mostly in the…

WednesdayMar 15, 2023 11:07 am

How Norway Became a Global Example of Rapid EV Penetration

When Magnus Korpas, who lives in Trondheim, purchased a fully electric vehicle for the first time in 2019, he decided on a Tesla since there were multiple charging points nearby at that particular time. However, the government in Norway intervened fast to guarantee that charging stations were accessible and evenly distributed. In 2011, it had spent €7 million ($7.47 million) to install 1,900 charging stations. Unsurprisingly, the professor noted that electric vehicles are a fairly common sight in Norway nowadays. For three years now, Norway has steadfastly worked to transition its fleet to electricity by encouraging customers to purchase electric…

TuesdayMar 14, 2023 12:32 pm

Poll Shows US Pest Controllers Slow in Switching to EVs

Although the use of electric vehicles has considerable potential for an industry that is based on routes, such as pest management, acceptance has been sluggish. No more than 25% of its fleet of cars, according to 96% of those who responded to a recent Pest Control Technology poll by readers, are electric. While speaking during an interview conducted by PCT in May 2021, Bobby Leon, Akita Pest Control owner in Lancaster, Pennsylvania, had indeed bought an electric car — a Chevy Bolt — for the first time; Leon stated that his plan was to replace the company’s current fleet of…

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Month: March 2023