Green Car Stock Archives - Page 18 of 124

MondaySep 23, 2024 10:00 am

Norway Now Has More EVs Than ICE Vehicles

Battery electric vehicles (BEVs) in Norway, one of the largest oil exporters on the globe, now outnumber internal combustion engine (ICE) cars. Norway has been at the forefront of the globe’s electrification efforts for the past several years and has now achieved a feat that will most likely take larger markets, such as the United States, decades to achieve. Recent data from the Norwegian Road Federation shows that 754,303 of the 2.8 million private vehicles registered in Norway are fully electric while 753,905 are powered by fossil fuels. With a population of only 5.5 million people, Norway is leagues smaller…

FridaySep 20, 2024 10:00 am

Italy Endorses EU Decision on Import Tariffs for Chinese EVs

Italy has revealed that it supports the European Union’s (EU) decision to impose import tariffs on electric cars manufactured in China. The European Commission levied import tariffs of up to 38% on Chinese electric vehicles after a probe by the commission found that China’s decade-long EV subsidy program gave Chinese automakers an unfair advantage over western carmakers. With the U.S. auto market virtually closed off to Chinese EVs, they began flooding into the EU and threatened to outcompete European carmakers in their markets. However, the EU’s recent 38% tariff on Chinese EVs means that China can't sell cheap electric cars…

WednesdaySep 18, 2024 10:00 am

The Auto Market Is Transforming Due to Chinese EV Sales

China's growing electric vehicle industry is transforming the global automobile market in a significant way. Until 10 years ago, China’s underdeveloped vehicle-manufacturing sector meant Chinese buyers mostly purchased cars from foreign automakers. However, western carmakers are finding it increasingly hard to attract buyers in China, thanks to the country's EV sector. With dozens of Chinese EV companies manufacturing multitudes of affordable electric cars, a growing number of local buyers are ditching foreign vehicles for domestically made electric vehicles. BMW’s recent decision to lower its profit margin projections in China due to waning demand signifies a major change in the vehicle…

MondaySep 16, 2024 10:00 am

Survey Shows Americans Increasingly Favor Hybrids, Distrust EVs

A new survey has found that Americans’ distrust of battery electric vehicles (BEVs) is increasingly pushing them away from conventional electric cars to hybrid alternatives. The Biden administration has invested tens of billions of dollars into developing the country's burgeoning electric vehicle sector, but consumers aren't buying into the EV dream as fast as policymakers and auto companies had hoped. The result is a surge in the demand for hybrid vehicles among buyers who would like to reduce their tailpipe emissions but aren't willing to switch to a pure electric car. The survey revealed that consumers’ interest in electric cars…

FridaySep 13, 2024 10:00 am

Volvo Shelves Plan to Make Only Electric Vehicles by 2030

Volvo has announced that it is shelving its plan to rapidly electrify its product line until it is only manufacturing electric cars by 2030. The ambitious electrification plan would have seen Volvo ramp up electric vehicle production and wind down the production of fossil fuel vehicles over the next several years until, by the end of the decades, those types of vehicles were completely eliminated from the automaker’s lineup. Volvo first announced the target three years ago, but the automaker says “changing market conditions” have forced it to go back to the drawing board. Rather than an electric vehicle-only lineup,…

WednesdaySep 11, 2024 10:00 am

Rich Countries Dumping Used ICE Vehicles in Developing Countries

As the world strives to rid itself of its reliance on fossil fuels, experts have noticed an alarming trend: developed countries are dumping scores of used fossil-fuel-powered cars in developing nations. These rich countries attract the lion's share of green-energy-related investment and have made significant progress in their efforts to electrify transportation. Unfortunately, the developed world is also exporting a growing number of gas guzzlers it is replacing with electric cars to the underdeveloped world, flooding emerging economies with so many internal combustion engine (ICE) cars that those countries will have trouble cutting their emissions. MIT Mobility Initiative senior fellow…

MondaySep 09, 2024 10:00 am

China Probes Canola Imports from Canada in Response to New EV Tariffs

Just a week after Canada announced that it was imposing import tariffs on Chinese electric cars, aluminum and steel, China launched a probe into canola exports from Canada. The probe could potentially lead to China placing import tariffs on key Canadian exports and escalate the trade war between the two nations. Canada's decision to levy 100% import tariffs on battery electric vehicles (BEVs) manufactured in China essentially locked the east Asian nation out of the North American EV market, as Chinese electric cars are also subject to 100% import tariffs in the United States. With the European Union levying up…

FridaySep 06, 2024 10:05 am

An Overview of Vehicles Pushing Electrification to the Max

With the transportation industry accounting for at least one-third of global emissions, electrifying the world's massive fleet of vehicles will be a critical step toward finally achieving carbon neutrality. To achieve this goal, dozens of established automakers, EV startups and battery companies across the globe are working to pack as much energy as they can into an electric vehicle battery without impacting efficiency or increasing weight. Since electric vehicle performance is intrinsically tied to efficiency, there is a limit to how much energy can be packed into a battery before the extra weight cancels out the range improvements. Even so,…

WednesdaySep 04, 2024 10:00 am

Canada Imposes 100% Import Tariff on China-Made EVs

The Chinese electric vehicle industry has essentially been cut off from the North American market after Canada recently imposed a 100% import tariff on electric vehicles made in China. The move comes weeks after the European Union also imposed import tariffs of up to 38% on Chinese EVs and months after the United States also levied a 100% import tariff, basically locking China out of most of the world's largest EV markets. This series of import tariffs have robbed China of the one advantage that makes its electric cars more desirable: affordability. More than a decade of EV-friendly policies coupled…

FridayAug 30, 2024 10:00 am

Lucid Motors Unveils Trio of Affordable EVs to Take on Tesla

Lucid Group Inc. has unveiled three affordable battery electric vehicles to challenge Tesla's market dominance by appealing to the average driver. Tesla's Model 3 and Model Y EVs are among the most popular electric cars in the Unites States; they regularly land on annual best-selling lists. Lucid, on the other hand, has been praised for the quality of its vehicles, but its sales volumes are still far behind Tesla. A Lucid Motors executive has now revealed that the company will release three affordable mid-size electric cars in the near future to take on Tesla and garner a large share of…

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