Lacey@GCS, Author at Green Car Stocks

MondayApr 26, 2021 11:45 am

Huawei Aims to Invest $1 Billion in EVs

The past few years have been pretty rough for Huawei. For quite a while, the Chinese telecommunications company had been at the top of the game alongside Samsung and Apple, but after former President Donald Trump began focusing on the company, things went downhill quickly. The Chinese tech giant has since faced a wide variety of U.S. sanctions that have almost crippled its operations and removed it from its lofty perch at the top of the telecommunications sector. In a bid to diversify and keep the profits coming, Huawei has now pledged to invest $1 billion in partnership with major…

ThursdayApr 22, 2021 2:48 pm

EV Groups in Canadian Province Protest New Annual Tax

As 2020 drew to a close, the state of Victoria in Australia announced plans to introduce a new road user tax for electric vehicles (“EVs”). According to officials, drivers with conventional gas and diesel-powered vehicles paid to maintain the roads via a national excise tax on fuel, and this new tax was designed to ensure EV drivers paid their fair share as well. The proposed annual tax was immediately condemned by the electric vehicle industry and environmental groups who said it would be detrimental to Australia’s fledgling EV sector. This past Saturday, two electric vehicle groups held separate demonstrations protesting…

WednesdayApr 21, 2021 2:50 pm

Biden Calls End of Feud Between Korean EV Battery Makers Victory for US

The Joe Biden administration is determined to replace most of the country’s gas and diesel-powered vehicles with zero-emission electric vehicles (“EVs”), and recent developments in the battery-making space have brought the country a step closer to its goal. Two battery makers from South Korea — SK Innovation and LG Energy — had been involved in a feud that would have had lasting consequences on the American electric vehicle industry. However, the two companies recently announced that they have reached a settlement, a move President Joe Biden says is a big win for the United States. In February this year, the…

MondayApr 19, 2021 11:30 am

These EV Makers Are Betting Their Future on Tiny Cars

Americans love their big cars. With North Americans buying more sports utility vehicles (“SUVs”) than they do cars, the SUVs have been flying off dealers’ lots for quite a while. Consequently, as the automotive industry has started shifting towards electrification, most EV makers have tried their hand at developing an electric SUV to cater to the pickup truck-loving masses. In China, however, drivers have overwhelmingly taken to the Wuling Hong Guang Mini EV, a tiny EV that has taken the Chinese market by storm and is even outselling Tesla’s Model 3. Several automakers have taken note of the trend, developing…

FridayApr 16, 2021 12:01 pm

Ideanomics, Inc. (NASDAQ: IDEX) Evolving the Vision to Lead EV Solutions Development

New York-based Ideanomics redefined its operations last year to synergistically create a global ecosystem focused on the growing potential of the electric vehicle market Ideanomics expects its developing revenue stream to largely depend on a Sales to Financing to Charging (S2F2C) business model based on vehicle and battery sales, financing and insurance services, and EV battery charging and related energy services Forecasts anticipate more than a million global commercial EV sales by 2023 and growth in the global EV charging infrastructure market at a CAGR of 33.4 percent from 2021 to 2028 Global commercial electric vehicle company Ideanomics (NASDAQ: IDEX)…

FridayApr 16, 2021 11:30 am

Volkswagen to Support Grids by Including V2G in EVs

Electric vehicles (“EVs”) are poised to overhaul the transportation sector from an industry with one of the highest rates of carbon emissions to one that relies on zero-emission vehicles powered by green, renewable energy. The average electric vehicle runs on electricity and produces zero-emission at the tailpipe, making it the perfect vehicle for a green economy. In a bid to ensure renewable energy generated through wind turbines is not lost to the ether, German automaker Volkswagen is now looking to install vehicle-to-grid (“V2G”) technology in its vehicles. According to German news agency Handelsblatt, Germany loses as much as 6,500 gigawatt-hours…

ThursdayApr 15, 2021 3:15 pm

Hyundai Boasts Its EV Can Do More Than Move You Around

By the time Hyundai unveiled its first electric vehicle (“EV”), the Kona EV back in 2018, the nascent EV sector had been claimed by Tesla and established automakers such Volkswagen and BMW. The South Korean automaker has since been working hard to catch up to the industry’s big players, and it seems it has come up with an offering that may give Tesla and the likes a run for their money. According to Hyundai, its new EV, the Ioniq 5, is filled with a plethora of features that make it superior to the average electric vehicle on the market. The…

WednesdayApr 14, 2021 1:40 pm

Illinois Car Dealers Fight Back Against Direct EV Sales to Customers

For years, customers have griped about how unpleasant buying a car from a dealership can be. Often the second biggest purchase most people make in their lives, a car represents a major financial commitment. However, according to a wide variety of testimonies, going to a car dealership can completely deflate the whole experience. Unfortunately, most states require automakers to sell their vehicles through franchised car dealerships, a model that the nascent electric vehicle (“EV”) industry is looking to ditch forever. Tesla was the first EV startup to completely bypass car dealerships and sell directly to the consumers. The company’s online…

WednesdayApr 14, 2021 11:08 am

Ideanomics, Inc. (NASDAQ: IDEX) Releases 2020 Financial Results, Appoints Chief Revenue Officer to Help Drive Long-Term Growth

EV (electric vehicle) revenues amounted to $19.5 million in 2020, growing 600+ percent from $2.7 million in 2019 First sales of battery and charging systems also drove revenue in 2020 and are expected to continue growing this year following the acquisition of WAVE New Chief Revenue Officer Kristen Helsel has a proven track record in growing revenues in the automotive and energy management industries and will play an instrumental role in driving the company’s growth, performance and strategy Ideanomics (NASDAQ: IDEX), a global company focused on enabling the widespread adoption of commercial electric vehicles and associated energy consumption, finished 2020…

TuesdayApr 13, 2021 2:15 pm

Highlights of President Biden’s $2 Trillion Infrastructure Plan

Just a few months into his first term, President Joe Biden has unveiled a massive infrastructure plan that would support a mass shift from fossil fuels to clean renewable energy and zero-emission vehicles. The Democrat campaigned on a green-energy platform, pledging to tackle the climate change crisis while simultaneously helping the country’s economy recover from the coronavirus pandemic. Soon after he assumed office, Biden announced a plan to build 500,000 public electric charging stations across the country. The new infrastructure plan, which was released in late March, outlines his green-energy plan more conclusively. Among other things, the plan would support…

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Author: Lacey@GCS