Lacey@GCS, Author at Green Car Stocks

MondayAug 28, 2023 12:33 pm

Kia to Revive Its Fully Electric Mini-car for Entry-Level EV Buyers

Electric vehicle maker Kia is poised to revive South Korea’s first-ever battery electric car, the Ray EV, in September to meet market demand for cheaper electric cars. Although a large portion of drivers have reported interest in switching to electric cars, the high premiums associated with EVs make them too costly for many consumers. The entry-level Ray EV will be affordable enough for this growing market and could help accelerate electric vehicle adoption in South Korea. Kia first introduced the mini electric car in late 2011 as the first all-electric production car in South Korea. With a small 16.5 kWh…

FridayAug 25, 2023 12:21 pm

CATL Announces Superfast EV Battery Offering 400km Range After 10-Minute Charge

Chinese battery manufacturer CATL has announced the launch of a novel “superfast charging” battery design with a 434-mile range capable of charging up to 249 miles (400 km) in only 10 minutes. The largest battery manufacturer on the globe claims the battery is the world’s first “superfast charging” electric vehicle battery with the potential to spur electric vehicle adoption by alleviating range anxiety. Unlike traditional diesel and petrol-powered cars that rely on America’s extensive network of fueling stations for their refueling needs, EVs are constrained to a limited and relatively unreliable charging network. Most of America’s public charging infrastructure is…

ThursdayAug 24, 2023 2:13 pm

Why It May Take Time for EVs to Replace Gas Cars

Several countries across the world have pledged to phase out conventional internal combustion engine (ICE) cars and replace them with battery electric vehicles (BEVs) as part of broader efforts to combat climate change. BEVs run entirely on electricity and produce zero emissions at the tailpipe, making them a great option for nations looking to cut their reliance on fossil fuels like oil. Despite relatively poor global economic conditions, consumers are buying electric cars in record numbers. Data from Cox Automotive shows that in Q2 of 2023 alone, American drivers bought close to 300,000 new BEVs, breaking EV sales records in…

WednesdayAug 23, 2023 2:11 pm

What You Need to Know About EV Battery Longevity

The average electric vehicle battery is designed to last 15 to 20 years before moving on to secondary applications. Still, it can reach its end of life earlier or later depending on EV driver habits. If you are looking to transition to an electric vehicle for the first time, you are likely curious about how you could maximize EV battery range and longevity. Since buying a vehicle is the second largest purchase most Americans will make in their lives, maximizing the battery’s longevity will be key to minimizing vehicle-associated costs. Fortunately, electric vehicle manufacturers themselves are incentivized to design durable…

TuesdayAug 22, 2023 3:42 pm

Despite Increasing EV Charging Infrastructure, US Motorists Report Higher Dissatisfaction Rates

A national transition from ICE cars to battery electric cars will require significant government and private investment in public charging infrastructure. The automotive industry has had more than a century to build out a widespread network of easily accessible refueling stations compared to the relatively young EV industry. One main concern among drivers in the United States and other markets is that there simply aren’t enough public chargers to support the current number of electric vehicles on the road. Furthermore, EV drivers regularly report low satisfaction rates with existing charging stations due to issues such as inaccessibility and unreliability. According…

MondayAug 21, 2023 2:08 pm

Tesla Again Cuts EV Prices in China

Weeks after pledging to help stop the ongoing discount war among electric vehicle manufacturers in China, Tesla has again slashed EV prices in the country. The American electric vehicle maker cut prices for the Model Y by $1,900 (14,000 yuan), bringing the cost of the Performance and Long Range versions down to $41,309 (299,900 yuan) and $48,196 (349,000 yuan) respectively. Tesla announced on its official Weibo account that it would extend its $1,102 (8,000 yuan) insurance subsidy for the base Model Y model to the end of August. Customers living close to Tesla manufacturing centers can also expect to enjoy…

FridayAug 18, 2023 1:08 pm

Rivian Raises EV Production Targets for 2023

American electric car manufacturer Rivian Automotive Inc. (NASDAQ: RIVN) has raised its EV production estimates for 2023 thanks to production-line improvements during the second quarter of the year. Rivian will manufacture 2,000 more electric SUVs, vans and trucks at its production plant in Illinois, bringing the plant’s total production estimates to 52,000 electric units. The EV maker is one of Tesla’s largest competitors in the U.S. vehicle market and has even been called the “Tesla-killer” by analysts who believe its electric offerings have the potential to challenge Tesla’s supremacy in the United States. However, the Irvine, California-based company has faced…

ThursdayAug 17, 2023 2:19 pm

Report Shows 4 in 10 Tesla Batteries Are China Sourced

A recent report from Japanese publication Nikkei has revealed that 4 out of every 10 batteries in Tesla Inc. (NASDAQ: TSLA) electric vehicles are sourced from China. The report brings attention to China’s stranglehold over the electric vehicle battery metals segment and America’s reliance on the eastern Asian nation for critical mineral supplies. Arguably the largest electric vehicle maker on the globe, Tesla pioneered the modern electric vehicle and encouraged both new and established automakers to begin developing alternate energy cars such as battery electric cars. The key component in each EV is the massive rechargeable battery pack, usually installed…

WednesdayAug 16, 2023 3:31 pm

VW Reclaims Top EV Seller Spot in Germany from Tesla

Volkswagen has finally surpassed U.S. electric car maker Tesla in electric vehicle sales and reclaimed its spot as the number one EV seller in its home market in Germany. Recent sales figures show that the German automaker cumulatively sold more electric cars than Tesla in the first seven months of 2023. VW registered 41.475 battery electric cars in the first one-half of the year while Tesla registered 40,289 fully electric cars in the German market. However, Tesla reigned over the German market for most of the year, data from the country’s Federal Motor Transport Authority (KBA) shows, and VW just…

TuesdayAug 15, 2023 2:56 pm

As UK Ban on ICE Vehicles Looms, Demand for Used EVs Soars

More used electric vehicles are flooding the second-hand market as the United Kingdom barrels toward its planned ban on new diesel and petrol cars in 2030. Society of Motor Manufacturers and Traders (SMMT) data shows that used EV sales have grown by 81.8% and now account for 1.7% of the total vehicle market. Electric vehicles are a key component in global climate change efforts because they do not use dirty fuels. Transitioning to electric vehicles would allow countries to significantly cut down their use of dirty fuels and help combat the effects of climate change. However, electric vehicles are still…

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Author: Lacey@GCS