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MondayOct 26, 2020 11:49 am

LeasePlan Urges Customers to Lease Fully Electric Vehicles Not PHEVs

Powered by clean energy, electric vehicles (EVs) produce minimal emissions, and they are poised to take over the roads over the next decade. Although the zero-emissions vehicle movement began with both battery electric vehicles and plug-in hybrids (PHEVs), over the years it has become apparent that EVs are the better option. Plug-in hybrids, which are fuel-powered cars outfitted with a small battery, are a less-energy-efficient, less-clean option, and car leasing company LeasePlan agrees. Recently, LeasePlan sent out an email advising its clients in the Netherlands not to choose a PHEV as their next vehicle. With more than 1.9 million cars…

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FridayOct 23, 2020 3:40 pm

EV Makers Turn to SPACs for Easier Access to Stock Markets

Since it started selling its all-electric roadster more than a decade ago, Tesla has dominated the electric vehicle (EV) market. The firm has seen exponential growth over the years, eventually gaining a market valuation of more than $300 billion. But while investors have been salivating for Tesla stock for a while now, other EV makers have not been so lucky. In fact, players in the young EV industry have had a relatively hard time securing capital. Take Steve Burns, for instance. Although his company, Lordstown Motors, has already designed an electric truck, acquired a plant and machinery from General Motors,…

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FridayOct 23, 2020 2:17 pm

Net Element Inc. (NASDAQ: NETE), Mullen Stand to Benefit from Decreasing EV Manufacturing Costs

Investment bank UBS reports that electric cars will cost the same to make as conventional cars by 2024. Expensive batteries, which account for between a quarter and two-fifths of EV’s cost, have been barrier to production. NETE recently announced entry into EV space through merger with privately held Mullen Technologies Inc. New research from investment bank UBS indicates that electric vehicles (“EVs”) may be as cheap to manufacture as regular models within the next four years (https://ibn.fm/UV8WX). This news bodes well for Net Element Inc. (NASDAQ: NETE), a global financial technology and value-added solutions group that recently announced its planned…

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ThursdayOct 22, 2020 10:12 am

Hydrogen Cars Unlikely to Eclipse Electric Vehicles

A century or so after automobiles first began traveling the roads, it has become clear that we need a replacement. While fossil fuel-powered vehicles have helped to advance human industrialization, they are also responsible for one-third of the air pollution in the United States, according to the United States Environmental Protection Agency (EPA). Battery-powered electric vehicles (EVs) as well as hydrogen fuel-cell electric vehicles (FCEVs) have emerged as much cleaner options. But while EVs are poised to take over the roads in the coming decades, FCEVs may have a different fate. Both kinds of vehicles run on renewable energy and…

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WednesdayOct 21, 2020 4:34 pm

UC Riverside Engineers Finds Fast Charging Detrimental to EV Batteries

For the longest time, one of the greatest barriers to EV adoption was charging worries. With most developed governments looking toward net-zero economies, though, charging stations are slowly becoming more widespread and reliable. We have even seen the introduction of super-fast chargers that can charge an electric car to near full capacity in just a couple of minutes. However, according to a new study published in Energy Storage, fast charging may be doing more harm than good. Engineers at the University of California Riverside found that fast-charging stations subject car batteries to high temperatures and resistance that can cause them…

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TuesdayOct 20, 2020 2:15 pm

Lung Association Articulates Health Benefits of EVs

Most developed countries are on track to replace traditional gas-powered vehicles with electric vehicles over the next two decades. Not only do they run on clean, renewable energy, but they also produce minimal emissions and widespread adoption of EVs will significantly reduce the amount of pollution on our roads. Less carbon in the air means less heat is trapped in the atmosphere, and according to the American Lung Association, fewer health problems. According to a recent “Road to Clean Air” report from the Lung Association, Maryland could save up to 100 lives and $1.3 billion in public health benefits in 2050…

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MondayOct 19, 2020 10:00 am

Top 5 Electric Vehicle Questions, Answered

Despite the concept of electric vehicles (“EVs”) being decades old, the industry is relatively new. Consumers interested in reducing their carbon footprint and switching green are positively bursting with questions about the fledgling industry and how it works. To help interested parties get a clearer picture of the EV industry, consumer group Which? Has given expert answers to five of the most nagging EV questions most consumers have. Are electric cars really that green? You’d be forgiven for thinking EVs produce zero emissions, but we’re still a ways off from that technology. But don’t let that discourage you from going…

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FridayOct 16, 2020 12:00 pm

How Tesla Inc. (NASDAQ: TSLA) Stays Ahead of EV Competition

The next decade or so of automobile travel undoubtedly belongs to Tesla. 12 years after the firm started selling its first completely electric offering, the Tesla Roadster, Tesla has become the largest electric vehicle (“EV”) maker on the planet. In fact, Tesla’s capitalization had reached $107 billion by mid-January, exceeding that of Ford and GM combined to become the world’s second most valuable auto company behind Toyota. So how has Tesla Inc. (NASDAQ: TSLA) managed to disrupt a centuries-old industry in just less than two decades? It deals in both hardware and software. Back in 2011, Marc Andreessen, co-founder and…

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ThursdayOct 15, 2020 1:13 pm

Net Element Inc. (NASDAQ: NETE) Well-Poised to Capitalize as EV Market Set to Grow by 29% per Annum Over Next Decade

Net Element’s reverse merger with EV manufacturer Mullen Technologies expected to close by 4Q2020 Mullen expects to begin marketing Dragonfly K50, sold in conjunction with JV partner Qiantu Motors from 2Q2021 followed by its own EV SUV in 2022 Deloitte expects annual EV sales to rise from 2.5mn in 2020 to 31.1mn in 2030, implying 29% CAGR over next ten years By 2030, EVs expected to account for 32% of all automobile sales globally, approximately 27% in United States Net Element (NASDAQ: NETE), a financial technology company which has recently transformed its business model to become a pure-play electric vehicle…

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ThursdayOct 15, 2020 12:30 pm

Subsidies Make Some Electric Vehicles Nearly Free in Germany

With most developed countries looking to a carbon emission-free future, electric vehicles (“EVs”) have emerged as the next phase of vehicular travel. Powered by clean, renewable energy and with zero emissions, and cheaper to run and maintain in the long run compared to traditional vehicles, electric cars play a huge role in reducing how much carbon is produced on our roads. However, the initial purchase price of most EV models prevents a large chunk of the population from going green. To combat this barrier to widespread EV adoption, several governments have created subsidy programs to make electric vehicles more affordable.…

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