TuesdayOct 06, 2020 2:02 pm

Net Element Inc. (NASDAQ: NETE), Mullen Technologies Announce Facility Build-Out, Pre-Sales of Fully Electric EV

Mullen Technologies begins built-out of pilot facility, accepting orders for MX-05 SUV. Facility slated for April 2021 completion; first MX-05 SUVs rolling off production line by Q2 2022. In August, Net Element, Mullen Technologies announced execution of definitive agreement to merge. The announcement by Mullen Technologies Inc. that it has begun to build out its pilot manufacturing facility and take pre-orders for its M05 fully electric SUV bodes well for Net Element (NASDAQ: NETE). Earlier this year, Net Element, a global financial technology and value-added solutions group, and Mullen Technologies announced a merger agreement—so good news for Mullen means good…

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TuesdayOct 06, 2020 10:15 am

Cities Resort to Online Electric Car Education amid the Pandemic

Most developed countries are in a race to achieve net-zero emissions by the next decade or two. One aspect of achieving zero emissions is by phasing out internal combustion vehicles for electric cars. Though the electric vehicle (“EV”) industry has made a lot of progress in a few short years, it still has a long way to go before widespread EV adoption. EVs run on clean energy, produce zero emissions, and are generally cheaper to run and maintain than conventional vehicles, but customers have been wary of switching to green energy due to a few legitimate concerns and just a…

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MondayOct 05, 2020 9:45 am

Polaris Inc. (NYSE: PII) and Zero Motorcycles Team Up to Produce Electric Snowmobiles

Over the years, Minnesota-based company Polaris (NYSE: PII) has become synonymous with Powersports, developing a variety of off-road vehicles, including the popular RZR lineup. The popular Powersports outfit is now teaming up with Zero Motorcycles, a Santa-Cruz based maker of electronic motorcycles and powertrains to electrify its lineup. On Tuesday, the two companies announced a 10-year agreement to work together to produce electrified off-road vehicles and snowmobiles. Zero will provide the powertrain technology, hardware, and software while Polaris will develop, manufacture, and sell the vehicles. According to Zero Motorcycles CEO Sam Paschel, the companies will co-develop the technologies and vehicle…

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FridayOct 02, 2020 10:45 am

Tesla Inc.’s (NASDAQ: TSLA) Affordable EV Could Force the Hand of Other Manufacturers

During the recent Tesla Battery Day, Tesla’s CEO announced that the EV maker had made incremental improvements in battery tech that dramatically reduced the cost of its battery cells, paving the road for an affordable $25,000 electric car. Tesla Inc. (NASDAQ: TSLA) unveiled plans to develop a tables battery that could improve an EV’s range and power while lowering its cost, allowing the firm to make and sell EVs at a far cheaper cost than it can now. According to Forbes, Tesla’s upcoming $25,000 vehicle “could mean game over for gas and oil,” and industry experts agree wholeheartedly. Expected to…

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ThursdayOct 01, 2020 3:15 pm

At What Speed Should You Charge Your EV Batteries?

Electric vehicles represent the next frontier of vehicular travel. Thanks to powerful battery packs, electric vehicles run on clean energy and produce minimal to zero emissions, making them the perfect vehicle for customers who are conscious of their carbon footprints. For customers who switch from carbon powered vehicles, especially those who’ve used conventional vehicles for years, taking a crash course on EV batteries and charging is crucial. Unlike traditional vehicles that run on carbon fuel, electric vehicles are powered by rechargeable lithium-ion battery packs. To refuel a carbon fuel-powered vehicle, all you need to do is head to a gas…

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WednesdaySep 30, 2020 12:45 pm

India Intends to Inject Nearly $5 Billion in EV Battery Incentives to Boost Sector

At this point, plenty of governments have recognized that phasing out internal combustion-engine vehicles in favor of electric cars is inevitable if they wish to avoid climate disasters. As temperatures rise, ice shelves melt and wildfires burn, the need for alternative energy that is clean, renewable and doesn’t produce emissions has become crucial. And while electric cars check many of these boxes, most countries are still a long way from widespread adoption of EVs. In many territories, that can be attributed to high purchase prices coupled with poor battery and charging infrastructure, and some governments are already working at eliminating…

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TuesdaySep 29, 2020 1:30 pm

California Governor Promotes Switch to Electric Vehicles

It’s becoming increasingly difficult to bury our heads in the sand in regard to climate change. The earth is hurtling towards a ‘hothouse’ state not seen in 50 million years and a lot of the blame lies at the feet of humanity. Perhaps the most obvious sign of climate change is that it’s getting hotter and according to scientists, the next three years might be even hotter than normal. No state has experienced the heat as much as California; five of the largest wildfires in state history have been ignited in recent weeks, and residents have become accustomed to rolling…

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MondaySep 28, 2020 2:00 pm

Why an EV’s Actual Range May Vary from the EPA’s Estimate

Over the past few years, the electric vehicle (“EV”) industry has enjoyed plenty of mainstream attention. As governments move towards net zero carbon emissions over the next decade or two, electric cars will represent the next big step in vehicular travel. Powered by rechargeable batteries, EVs produce zero emissions and run on clean renewable energy. In the U.S., the Environmental Protection Agency (“EPA”) is charged with testing and rating the fuel economy of all road-going vehicles, electric vehicles included. Like traditional vehicles, EPA estimates on fuel economy for electric vehicles tend to vary compared to real-world fuel economy. According to…

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FridaySep 25, 2020 1:45 pm

European Electric Vehicle Sales Outshine Chinese Market

For the past few years, China has had the largest electric vehicle (“EV”) market on the globe. Although the electric vehicle market is still growing, China has consistently managed to bag a large percentage of it, at least until recently. According to a new report from Bloomberg, the European electric vehicle sales have finally surpassed the Chinese market for the first time since 2015. The European EV market kept growing due to Europe’s automotive CO2 regulations as well as new model launches from automakers, despite the coronavirus pandemic. Bloomberg reports that around 380,000 electric vehicles were sold in the first…

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ThursdaySep 24, 2020 2:15 pm

UK Moves Planned Fossil Fuel Vehicle Ban to 2030

Vehicles running on fossil fuel have had a pretty good run over the past few decades but it’s become very clear that they do more harm than good to the environment. In a bid to reduce and ultimately eliminate carbon emissions, multiple governments have pledged to phase out the sale of conventional vehicles over the next decade or two. Originally, the UK was planning on banning the sale of new fossil fuel-powered vehicles in 2040, but it is now poised to bring forward the ban to 2030 in a move designed to speed the rollout of electric vehicles (“EVs”) in…

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