October 2023 - Green Car Stocks

TuesdayOct 31, 2023 10:06 am

Japanese EV Makers to Showcase Upcoming Models at Auto Show

Japanese automakers are poised to debut a variety of electric vehicle models at an upcoming auto show in a bid to catch up to EV industry leaders Tesla and BYD. Toyota, Japan’s largest vehicle brand, has been slow to take to electrification and is one of the only major automakers with barely any footprint in the nascent EV industry. Aside from its limited hybrid offerings, Toyota has only one battery-electric car on the market: the Toyota bZ4X. Toyota’s executive in charge of EVs Takero Kato has said more than once that the company “loves battery EVs,” a sentiment he believes…

MondayOct 30, 2023 11:43 am

Companies Race to Develop Battery Testing Tech to Assess Used EVs

Companies are racing to develop technology for certifying the health and performance of used electric vehicle batteries. More than a decade after Tesla popularized mass-market electric cars, the secondhand electric vehicle market is growing larger by the year. Most initial adopters have already traded in their old EV models for newer ones, and as the market matures and sales increase, we can expect the market for used electric cars to expand even further. The battery health and performance of used electric vehicles will be critical to how they fare in this secondhand market. An electric car's value is largely determined…

FridayOct 27, 2023 11:55 am

Toyota Beats Tesla as Desirable EV Brand in US

Toyota has surpassed Tesla as the top electric vehicle brand in the United States with only one battery electric vehicle (BEV) model in the American market. While Tesla has several best-selling EVs, including the Model 3 and Model Y, Toyota has one — the bZ4X — along with the popular Toyota Prius and RAV4 Prime as its hybrid offerings. The Japanese automaker is one of the only automakers that hasn’t invested in battery electric vehicles in recent years, focusing instead on hydrogen-powered, plug-in vehicles in select U.S. markets. Toyota has also made significant investments in solid-state batteries, a new kind…

ThursdayOct 26, 2023 3:04 pm

EV Shoppers Can Now Access Significant Discounts as Sales Stutter

After prohibitively high prices have prevented most drivers from purchasing electric cars for several years, increased competition coupled with reduced demand is making electric cars more affordable. Electric cars have been out of the reach of most consumers for nearly a decade thanks to high prices, keeping a majority of drivers from buying EVs and lowering EV adoption rates. Early adopters and high-earning individuals who love to have the latest technology already own electric vehicles, Edmunds consumer insights analyst Joseph Yoon says, and the time for capturing that specific market segment is long past. Carmakers that want to remain relevant…

WednesdayOct 25, 2023 12:20 pm

Europe Looks to Curb Chinese EVs, But Motorists Love Them

A recent influx of cheap Chinese battery electric vehicles (BEVs) into the European market has European Union leaders worried. While most nations with EV transition plans have invested in EV subsidies and incentives, China is spending much more on its domestic electric vehicle industry. The Chinese government has invested billions of dollars into subsidizing the EV production process, allowing local automakers to price their electric cars much lower than other car makers. With competition in China’s EV market heating up by the day, Chinese carmakers such as BYD are starting to expand to European markets. Their affordable offerings stand out…

TuesdayOct 24, 2023 9:47 am

BYD Reports High Q3 EV Profits as Sales Surge

Chinese electric vehicle giant BYD expects its net profits for third quarter 2023 to nearly double, thanks to a recent surge in electric vehicle sales. The Berkshire Hathaway-backed company is Tesla’s top competitor in China and outpaced the American EV maker by nearly 200,000 units in sales. Forecasts from BYD show that the company predicts to record a net profit of $1.31 to $1.57 billion for the July to September period, representing a 67% to 102% increase from last year. The company noted that despite seeing increasingly stiff competition in the auto segment in the third quarter of the year,…

MondayOct 23, 2023 12:51 pm

Why Your EV May Be Charging Slowly

Electric vehicles are leaps and bounds ahead of conventional fossil-fuel-powered cars in terms of reducing carbon emissions, but they are still inferior in terms of charging, or refueling speeds. The average diesel or petrol-powered car can fill up in only a minute or two while a level 2 electric vehicle charger can provide an electric car with anywhere from 10 to 75 miles of range for every hour of charging. Fortunately, EV drivers can bump charging speeds by taking into account certain factors before, during and after they charge their vehicles. If your electric car is charging slowly, factors such…

FridayOct 20, 2023 3:27 pm

Tesla’s Dominance of US EV Market Slips in Q3

Tesla has been the electric vehicle industry’s top-performing company for most of the sector’s existence, pioneering the modern electric vehicle and selling more EVs than other automakers. However, after basically running the EV industry for more than a decade, Tesla has been forced to contend with significantly increased competition in major markets such as the United States and China. Data shows that the company’s electric vehicle market share in the U.S. during Q3 2023 dropped below 50% compared to almost 65% over the same period in 2022. Even though Tesla saw its EV sales soar by close to 20% in…

ThursdayOct 19, 2023 1:14 pm

Game Developer Announces Debut of EV e-Racing Offering

Animoca Brands has announced it will launch an electric vehicle e-racing offering titled Formula E: High Voltage on Oct. 19, 2023. Developed via a partnership between Aminoca Brands and Amber, the Web3 EV racing game will leverage environmentally friendly blockchain technology to grant players and fans digital ownership of their in-game items. These items will come as non-fungible tokens (NFTs) with each Formula E: High Voltage player receiving four NFTs (two drivers and two cars) when they sign up. With digital ownership of their NFTs, players will be able to take greater control over their racing team and electric race…

WednesdayOct 18, 2023 1:49 pm

Statistics Show ICE Vehicle Fires 20 Time More Likely Than EV Fires

With electric vehicle adoption picking up steam in major markets such as the United States, there have been increasing reports of EVs catching fire and requiring gallons of water to put out. Extinguishing a regular car fire takes around 1,000 to 2,000 liters of water while an electric car fire can take up to 150,000 liters of water to be put out. The potential for lithium-ion batteries to overheat and catch fire, coupled with the insane amount of water needed to put out electric vehicle fires, has raised fears that electric cars may present a significant danger to urban populations.…

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Month: October 2023