Lacey@GCS, Author at Green Car Stocks

TuesdayMay 13, 2025 10:00 am

Foxtron Announces Project to Develop, Make EVs for Mitsubishi

The largest contract electronics manufacturer in the world has teamed up with Mitsubishi to develop and manufacture electric cars for the Japanese automaker. Foxconn, also referred to as Hon Hai Technology Group, has been seeking opportunities to enter the burgeoning electric vehicle sector for quite some time. The world-leading electronics manufacturer now appears to have completed its years-long quest to enter electric vehicle development. Foxconn subsidiary Foxtron Vehicle Technologies recently revealed that it has signed a memorandum of understanding with Tokyo-based Mitsubishi Motors. The subsidiary will serve as an original equipment manufacturer (OEM) for Mitsubishi, developing and supplying a battery…

FridayMay 09, 2025 10:00 am

Electric Vehicles Bump Up Audi’s Q1 Sales

German automaker Audi registered a notable increase in vehicle sales in the first quarter of the year, thanks to the growing popularity of its battery electric vehicle (BEV) models. The carmaker's Q1 2025 earnings report showed revenue of $16.6 billion, a 12.4% increase from Audi's reported revenue in Q1 2024. High demand for Audi EVs was largely responsible for the German company's strong performance in the previous quarter, as Audi navigated volatility from recent geopolitical events and a weaker market outlook. Germany's massive auto industry has been in crisis since last year, with the country’s struggling economy and declining demand…

ThursdayMay 08, 2025 10:00 am

Bloomberg Says America Ought to Welcome Chinese Vehicles

A recent report from Bloomberg has made a strong case for allowing Chinese vehicles into the American market. China has made significant strides in the auto sector over the past couple of decades, growing from a country that was almost fully reliant on imported vehicles to one that now dominates the globe in vehicle sales. The U.S., on the other hand, has seen its auto sector decline for quite some time as American carmakers moved most of their manufacturing to China, where labor costs were significantly lower. Although the U.S. is still home to many of the world’s most dominant…

TuesdayMay 06, 2025 10:00 am

Delaware Governor Vows to Eliminate EV Mandate in the State

Just three months into his four-year term, Delaware Governor Matt Meyer has revealed that he is working to eliminate a controversial electric vehicle mandate passed by the previous governor. During his 2025 State of the State address, Governor Meyer noted that he wasn’t a fan of government mandates and would do away with the rule requiring car dealerships in Delaware to have an increasing number of new battery electric vehicles (BEVs) on their lots. Former Delaware Governor John Carney spent almost two years advocating for the mandate, and his administration adopted the regulation in November 2023. According to the mandate,…

FridayMay 02, 2025 10:00 am

Tesla Seems to Be Struggling on Many Fronts, Data Shows

2025 has been a pretty rough year for Tesla, the Texas-based electric vehicle (EV) manufacturer that took the world by storm in 2008 and grew to become the most dominant EV maker globally. With CEO Elon Musk becoming increasingly involved in U.S. politics, a notable portion of the automaker’s mostly left-leaning market has turned away from Tesla, causing its sales and share price to fall sharply. The once-beloved EV leader has also faced regular protests at various showrooms in major markets like the U.S., and its much-anticipated electric truck, the Cybertruck, has been widely criticized, raising questions about Tesla's ability…

ThursdayMay 01, 2025 10:00 am

Major Carmakers Urge Congress to Override California’s 2035 EV Mandate

Several major carmakers have urged the U.S. Congress to override a 2035 electric vehicle mandate set by California. As the largest electric vehicle market in the U.S. and the world, California has set an incredibly ambitious target of banning the sale of internal combustion engine cars by 2035. Nearly a dozen other states in the United States have adopted similar electric vehicle mandates and put carmakers operating in the country on a path to electrifying most of their vehicle lineups. However, automakers say that they may have to stop shipping some cars to states with similar mandates within the next…

WednesdayApr 30, 2025 10:00 am

The American States Where EV Savings are Highest

Switching to an electric car often seems like an incredibly costly endeavor. The average battery electric vehicle (BEV) costs around $10,000 to $15,000 more than a comparable gasoline-powered car, and most EV owners also install home chargers, making the initial price of electric vehicle ownership significantly higher. Fortunately, switching your gas-powered car for an electric alternative can save you a surprising amount of money over time. A report from Payless Power provides an outline of the average cost savings a driver can expect by transitioning to an electric car. Washington offers the highest electric vehicle-related savings, with drivers saving up…

FridayApr 25, 2025 10:00 am

China’s CATL Unveils a Sodium-Ion Battery Lineup

China’s Contemporary Amperex Technology Co., Limited (CATL) has launched a brand new lineup of sodium-ion batteries dubbed Naxtra as well as a second generation of its first charging Shenxing electric vehicle battery. According to CATL, the new lineup of Naxtra batteries will begin mass production in December. Most battery electric vehicles (BEVs) on the market currently use lithium ion battery packs but there has been a notable push to develop alternative EV batteries that are more energy dense and are less likely to combust. CATL was the first large auto battery maker to introduce the sodium-ion battery, a new type…

ThursdayApr 24, 2025 10:00 am

Horse Powertrain Seeks to Hybridize EVs

As the auto industry adjusts to a future likely dominated by hybrids, a company called Horse Powertrain has created a plug-in hybrid electric vehicle (PHEV) retrofit package that allows automakers to develop hybrids and electric cars on the same assembly lines. This new technology could usher in a new generation of hybrid electric vehicles featuring both a battery and a combustion engine, but in a different configuration from traditional PHEVs. Designed as a drop-in replacement for front-wheel-drive electric vehicles, the hybridization system can be bolted directly onto a vehicle’s subframe and integrated into existing electrical systems with minimal modification. The…

TuesdayApr 22, 2025 10:00 am

Why EVs Help in Combating Climate Change

Despite the challenges that the electric vehicle industry has faced in recent months, most experts agree that EVs will have a notable effect on global greenhouse gas emissions. By replacing the conventional internal combustion engine with a battery pack and electric drivetrain, automakers can cut down tailpipe emissions to zero, allowing the auto industry to significantly reduce its impact on the environment. Unfortunately, there are a myriad of obstacles preventing widespread electric vehicle adoption. In addition to the incredibly high cost of purchasing a new EV, the current Trump administration is systematically removing Biden-era policies that supported electric vehicle purchases…

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Author: Lacey@GCS