November 2024 - Green Car Stocks

TuesdayNov 26, 2024 10:00 am

EU Buyers Continue to Shy Away from BEVs, Opt for Hybrids

Recent vehicle sales data has revealed that buyers in the European Union are still shying away from pure electric vehicles in favor of hybrids. Figures from the European Automobile Manufacturers Association (ACEA) also show that there has been a slight increase in monthly electric vehicle registrations despite a modest reduction in year-on-year sales. October was a relatively good month for the EU’s vehicle segment as new vehicle registrations were up for the first time in several months, growing by 2.4% from the previous month’s sales. However, year-on-year sales dropped by 4.9% from October 2023 to October 2024, bringing electric vehicles’…

FridayNov 22, 2024 10:00 am

Companies Scramble to Make the Ideal EV Tire

With automakers pouring billions of dollars into electric vehicle research and development over the past several years, there have been notable efforts to develop the perfect tire for electric cars. On average, battery electric vehicles (BEVs) are much heavier, generate more torque, and accelerate faster than gas and diesel-powered cars. This puts a lot of strain on their tires and causes them to wear out faster, forcing EV drivers to replace them more frequently and increasing their overall vehicle maintenance costs. As a result, researchers are working hard to develop the ideal electric vehicle tire that can handle the specific…

ThursdayNov 21, 2024 10:00 am

Manufacturers Struggle to Implement EV Mass Production

More than a decade and a half after Tesla made history by unveiling the first mass-market battery electric vehicle (BEV), carmakers are still struggling to reach mass EV production. Tesla remains the only Western carmaker that can produce BEVs at scale and make a profit doing so, while the majority of established carmakers in the West are still saddled with extremely high development costs and making losses for every electric car they sell. Mass production typically reduces manufacturing costs over time by allowing manufacturers to spread their development costs across their expanding product lines. In the auto industry, manufacturers will…

TuesdayNov 19, 2024 10:00 am

Why EV Prices Could Rise Sharply During Trump’s Second Administration

President-elect Donald Trump's second administration will likely see battery electric vehicle prices rise across the majority of the U.S. automotive market, sparing only Tesla thanks to its position in the market. Elon Musk’s decision to endorse his sophomore presidential bid was controversial; the former President has repeatedly criticized the Biden administration's efforts to electrify the country's transport sector and promised to get rid of the federal EV subsidies if elected. Even though Trump toned down his anti-electric vehicle rhetoric after Musk's endorsement, he is still set to eliminate the $7,500 federal tax credit for EV purchases that has facilitated a…

FridayNov 15, 2024 10:00 am

Sandia National Laboratories Seeks to Boost EV Safety by Quickly Detecting Battery Failures

Scientists from Sandia National Laboratories here in the U.S. are working to boost electric vehicle safety by improving the speed of battery failure detection systems. Such failures typically result in EV battery fires that cause significant property damage and can be incredibly difficult to put out. Sandia National Laboratories researchers hope to increase EV safety margins by developing methods that can detect battery failures before they snowball into fires. Although electric vehicle fires are relatively rare, the few that occur can be incredibly destructive and usually require up to 2,500 gallons of water to put out compared to 500 to…

ThursdayNov 14, 2024 10:00 am

EV Industry Awaits Musk’s Role in Influencing US EV Policy

As the Biden administration prepares to hand over to the new regime, the EV sector is waiting to see how Tesla CEO Elon Musk will affect American electric vehicle policy. Despite Donald Trump's outspoken criticism of battery electric vehicles (BEVs), Musk endorsed the GOP Presidential candidate and reportedly spent more than $100 million on the Trump campaign, in addition to appearing at several of his rallies. Trump's victory over Vice President Kamala Harris will likely propel Musk into the corridors of power and put him in a position of significant influence, particularly regarding EV policies. His controversial decision to support…

TuesdayNov 12, 2024 10:00 am

Bentley Sets Target to Be Fully Electric by 2035

Bentley has revealed that it wants to become a fully electric brand by 2035, postponing its original plan to electrify its entire vehicle line-up by 2030. The luxury brand first announced the plan to become an all-electric brand in late 2020 as part of the ‘Beyond100’ strategy but it recently unveiled a revised ‘Beyond100+’ strategy with 2035 as the new target. When Bentley CEO Frank-Steffen Walliser presented the revised strategy, he described Beyond100+ as the luxury automaker’s ‘guiding light’ as it pushes its electrification target from 2030 to 2035, maintains its goal of a carbon-free future, and reinforces its position…

FridayNov 08, 2024 10:00 am

UK EV Sales Mount Despite Drop in Overall Vehicle Sales

Data from the Society of Motor Manufacturers and Traders (SMMT) has revealed that electric vehicle sales in the United Kingdom (UK) have risen despite an overall drop in vehicle sales. The lobby Group’s data shows that EV sales were up in October as automakers sold 29,800 cars while petrol and diesel vehicle sales dropped by 14% and 25%, respectively. Electric vehicle sales also increased by a quarter in October compared to October 2023 amidst efforts by carmakers to meet government emission standards, SMMT data shows. On the other hand, overall vehicle sales in October fell by 6% year-over-year, with diesel-powered…

ThursdayNov 07, 2024 10:00 am

Researchers Develop New Transmission for Commercial EVs

University of Kassel researchers have developed a new transmission for commercial electric vehicles that could help carmakers manufacture electric cars geared for the delivery sector. The German Federal Ministry for Digital and Transport (BMDV) provided $1.9 million in funding for the project with the Kassel-based Daimler Truck facility and the University of Kassel focusing on the project's execution. Although several automakers are already manufacturing electric delivery vehicles, the University of Kassel posits that automakers have had a difficult time introducing EVs to the delivery sector as there are no electric cars that are technically suited for the role. Existing electric…

TuesdayNov 05, 2024 10:00 am

What Tesla Could Lose or Gain if Trump Becomes US President

The ongoing U.S. elections could be a turning point for American electric vehicle firm Tesla and its controversial CEO Elon Musk. The billionaire has thrown his support behind presidential candidate Donald Trump and has reportedly spent more than a million dollars on Trump’s campaign. With Trump reversing his previously antagonistic stance on battery electric vehicles (BEVs) in light of Musk's endorsement, the assumption is that a second Trump presidency would be beneficial to Tesla. However, the situation is a lot more complicated than that. A Trump administration would probably do its best to lower federal electric vehicle purchases, a decision…

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Month: November 2024