September 2024 - Green Car Stocks

WednesdaySep 18, 2024 10:00 am

The Auto Market Is Transforming Due to Chinese EV Sales

China's growing electric vehicle industry is transforming the global automobile market in a significant way. Until 10 years ago, China’s underdeveloped vehicle-manufacturing sector meant Chinese buyers mostly purchased cars from foreign automakers. However, western carmakers are finding it increasingly hard to attract buyers in China, thanks to the country's EV sector. With dozens of Chinese EV companies manufacturing multitudes of affordable electric cars, a growing number of local buyers are ditching foreign vehicles for domestically made electric vehicles. BMW’s recent decision to lower its profit margin projections in China due to waning demand signifies a major change in the vehicle…

MondaySep 16, 2024 10:00 am

Survey Shows Americans Increasingly Favor Hybrids, Distrust EVs

A new survey has found that Americans’ distrust of battery electric vehicles (BEVs) is increasingly pushing them away from conventional electric cars to hybrid alternatives. The Biden administration has invested tens of billions of dollars into developing the country's burgeoning electric vehicle sector, but consumers aren't buying into the EV dream as fast as policymakers and auto companies had hoped. The result is a surge in the demand for hybrid vehicles among buyers who would like to reduce their tailpipe emissions but aren't willing to switch to a pure electric car. The survey revealed that consumers’ interest in electric cars…

FridaySep 13, 2024 10:00 am

Volvo Shelves Plan to Make Only Electric Vehicles by 2030

Volvo has announced that it is shelving its plan to rapidly electrify its product line until it is only manufacturing electric cars by 2030. The ambitious electrification plan would have seen Volvo ramp up electric vehicle production and wind down the production of fossil fuel vehicles over the next several years until, by the end of the decades, those types of vehicles were completely eliminated from the automaker’s lineup. Volvo first announced the target three years ago, but the automaker says “changing market conditions” have forced it to go back to the drawing board. Rather than an electric vehicle-only lineup,…

WednesdaySep 11, 2024 10:00 am

Rich Countries Dumping Used ICE Vehicles in Developing Countries

As the world strives to rid itself of its reliance on fossil fuels, experts have noticed an alarming trend: developed countries are dumping scores of used fossil-fuel-powered cars in developing nations. These rich countries attract the lion's share of green-energy-related investment and have made significant progress in their efforts to electrify transportation. Unfortunately, the developed world is also exporting a growing number of gas guzzlers it is replacing with electric cars to the underdeveloped world, flooding emerging economies with so many internal combustion engine (ICE) cars that those countries will have trouble cutting their emissions. MIT Mobility Initiative senior fellow…

MondaySep 09, 2024 10:00 am

China Probes Canola Imports from Canada in Response to New EV Tariffs

Just a week after Canada announced that it was imposing import tariffs on Chinese electric cars, aluminum and steel, China launched a probe into canola exports from Canada. The probe could potentially lead to China placing import tariffs on key Canadian exports and escalate the trade war between the two nations. Canada's decision to levy 100% import tariffs on battery electric vehicles (BEVs) manufactured in China essentially locked the east Asian nation out of the North American EV market, as Chinese electric cars are also subject to 100% import tariffs in the United States. With the European Union levying up…

FridaySep 06, 2024 10:05 am

An Overview of Vehicles Pushing Electrification to the Max

With the transportation industry accounting for at least one-third of global emissions, electrifying the world's massive fleet of vehicles will be a critical step toward finally achieving carbon neutrality. To achieve this goal, dozens of established automakers, EV startups and battery companies across the globe are working to pack as much energy as they can into an electric vehicle battery without impacting efficiency or increasing weight. Since electric vehicle performance is intrinsically tied to efficiency, there is a limit to how much energy can be packed into a battery before the extra weight cancels out the range improvements. Even so,…

WednesdaySep 04, 2024 10:00 am

Canada Imposes 100% Import Tariff on China-Made EVs

The Chinese electric vehicle industry has essentially been cut off from the North American market after Canada recently imposed a 100% import tariff on electric vehicles made in China. The move comes weeks after the European Union also imposed import tariffs of up to 38% on Chinese EVs and months after the United States also levied a 100% import tariff, basically locking China out of most of the world's largest EV markets. This series of import tariffs have robbed China of the one advantage that makes its electric cars more desirable: affordability. More than a decade of EV-friendly policies coupled…

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Month: September 2024