April 2024 - Green Car Stocks

MondayApr 29, 2024 10:00 am

IEA Says EV Transition Still on Course

The International Energy Agency (IEA) has revealed that the transition to battery electric vehicles (BEVs) is still underway despite high prices, rising interest rates and waning electric vehicle demand among consumers. According to the IEA, global EV sales are poised to increase by over one-fifth to hit a whopping 17 million units on the road this year. Most of this growth will be fueled by Chinese drivers who have access to incredibly affordable electric cars as well as an extensive and relatively reliable network of public EV chargers, unlike drivers in the U.S. market. A recently published IEA report projects…

FridayApr 26, 2024 10:00 am

Plunging Demand Causes EV Sellers to Slash Prices

With demand for electric vehicles reaching record lows in recent months, an increasing number of automakers are slashing their battery electric vehicle (BEV) prices in an attempt to woo unwilling customers. As a result, nearly 8 in every 10 newly minted electric cars have been sold at some kind of discount amid dwindling consumer demand. Data from Auto Trader shows that 77% of new electric cars listed on the platform were discounted down from last month’s prices and up to 55% are now cheaper than they were a year prior. Automakers are also offering higher and higher discounts for electric…

WednesdayApr 24, 2024 10:00 am

Google Maps Unveils New Ways for EV Users to Locate Chargers, Plan Trips

Using an electric vehicle in the United States and other countries has become much easier after Google Maps released new features to help EV drivers plan trips and find public chargers. Electric vehicle ownership comes with a lot of nuances and caveats that typically aren't involved in owning and operating a regular petrol or diesel-powered car. For instance, EV drivers going on long trips have to meticulously plan out their routes to ensure there are enough public chargers to keep their cars topped up along the way. Some of the chargers in public stations often have issues or are nonfunctional,…

MondayApr 22, 2024 10:00 am

California Researcher Suggests That Tweaking EV Charger Subsidies Could Address Consumer Concerns

A recent study by a California-based researcher has revealed that policymakers could address consumer concerns of range anxiety by tweaking existing electric-vehicle-charger subsidies. The study found that although range anxiety is still a barrier to electric vehicle adoption in the United States, it is a solvable problem that can be alleviated. Adjusting the current federal charging-station-subsidies program to penalize charging outages and incentivize successful usage would be more effective at mitigating public charging concerns, the expert says. Although battery electric vehicles (BEVs) were originally expected to replace the fossil-fuel-powered cars on American roads to help the country limit its greenhouse-gas…

FridayApr 19, 2024 10:00 am

Report Shows EVs Are Saving Americans Billions on Utility Bills

A recent report by Synapse Energy Economics has revealed that U.S. battery electric vehicle (BEV) drivers are saving the country billions of dollars on utility bills. The research analyzed how much BEV drivers in the United States were paying for electricity in comparison with the costs associated with producing electricity such as transmission and distribution costs. Synapse found that in the decade from 2011 to 2021, U.S. EV drivers contributed a whopping $3.12 billion on top of the EV-charging associated costs. The result, Synapse says, was a drop in monthly electricity rates for all customers across the country. Even after…

WednesdayApr 17, 2024 10:00 am

More People Implore Biden to Lock Out Chinese EVs from US Market

A senior government official has urged President Joe Biden to take steps and prevent cheap Chinese electric vehicles from proliferating the nascent American electric vehicle sector. Chinese EVs are significantly more affordable compared to similar offerings from Western carmakers, thanks to massive subsidies from Beijing. Billions of dollars in government funding have allowed carmakers in China to sell their battery electric cars at much lower price points than their Western counterparts, giving them what many have termed an unfair advantage. European Union leaders have already launched a probe into the multitudes of cheap Chinese electric vehicles that have been flooding…

MondayApr 15, 2024 10:00 am

Appeals Court Backs EPA Decision on Allowing California to Set EV Standards

An American appeals court has backed the Environmental Protection Agency's (EPA) decision to allow the state of California to set its own electric vehicle emissions standards. A three-judge panel rejected a challenge issued by 17 GOP-led states and entities that produce or sell liquid fuels and ruled that California can establish its electric vehicle requirements and emission limits, per the EPA's decision. In 2019, former President Donald Trump revoked California's ability to set its tailpipe emission limits and zero-emission car-sales mandates through 2025. The EPA reversed President Trump's decision in March 2022, several months after President Joe Biden took office.…

FridayApr 12, 2024 10:00 am

UK’s EV Transition Faces Phone Signal Challenge

A recent study by the RAC Foundation has revealed that patchy phone signals could potentially hinder battery electric vehicle (BEV) adoption in the United Kingdom. According to the study, poor phone signals in the country could make it difficult for electric vehicle drivers to use up to one-third of the most common public EV chargers in the UK. The RAC Foundation noted that this poor connectivity could potentially “undermine” the public's confidence in EV charging infrastructure. Unfortunately, the public is already wary of public EV chargers because they are too insufficient to support the nation's growing number of electric cars…

WednesdayApr 10, 2024 10:00 am

EVs Are Transforming How Americans Go Camping

A recent survey by America's biggest campground operator has revealed that electric vehicles are quite popular in the camping community. The poll by Kampgrounds of America found that 4% of regular campers in the country own battery electric vehicles (BEVs) compared to only 1% of Americans. Although the Biden administration has made significant investments in boosting electric-vehicle adoption in the country, BEVs still make up a tiny portion of total vehicles. Their high prices coupled with insufficient public-charging infrastructure have kept most drivers from transitioning to electric cars, even drivers who are interested in EV technology. Even so, the Kampgrounds…

MondayApr 08, 2024 10:00 am

Tesla Deliveries Decline in Q1, a First in Several Years

EV deliveries by electric vehicle production giant Tesla fell for the first time in almost four years during a disastrous first quarter that saw the Texas-based automaker fall short of performance estimates from Wall Street. With competition in the electric vehicle space heating up by the day despite slowing demand for EVs, Tesla's Q1 sales figures show that its price cuts are steadily losing their intended effect. Data revealed that the company delivered around 386,810 electric vehicles from the start of the year until March 31, 2024, a drop of 20.2% compared to the previous quarter. The automaker also produced…

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Month: April 2024