Green Car Stock Archives - Page 20 of 116

FridayFeb 02, 2024 12:53 pm

Musk Warns That Tesla Sales Growth Could Be Slower This Year

Tesla CEO Elon Musk has revealed that he expects lower sales growth numbers for the electric vehicle company this year than last year. Musk said that Tesla’s growth would be “notably lower” this year than in 2023 when the company’s EV deliveries surged by 38%. According to Musk, Chinese electric vehicle firms will “pretty much demolish” most competition on the international market unless nations put trade barriers in place to prevent them from pricing out Western automakers. EV companies from China have already flooded the European Union market with cheap and affordable electric vehicles, thanks to massive subsidies from Beijing.…

ThursdayFeb 01, 2024 2:18 pm

Rapid EV Acceleration Could Be Triggering More Crashes, Insurer Suggests

A major insurer has suggested that rapid electric vehicle adoption could trigger an increase in vehicle accidents. According to Howden Group UK and Ireland boss Carl Shuker, unfamiliarity with electric vehicles’ powerful acceleration is contributing to more accidents. The insurance executive cited data showing that electric vehicle drivers are more likely to make insurance claims of larger amounts more frequently compared to the drivers of fossil-fuel vehicle. As a result, EV drivers tend to pay higher insurance premiums than drivers with conventional internal combustion (ICE) vehicle engines. Car manufacturers and industry experts say this discrepancy in insurance premiums is also…

WednesdayJan 31, 2024 12:25 pm

Tesla Reveals Plans for Building New EVs in 2025

Electric vehicle manufacturer Tesla has revealed to its suppliers that it intends to start producing a new mass-market battery electric car dubbed Redwood in mid-2025. According to those familiar with the matter, Tesla’s new electric car will be a next-generation compact crossover. Last year was a mixed bag for Tesla, mainly due to China’s swiftly growing EV sector and market forces. Although the Texas-based EV maker reported record sales in 2023, the company was forced to contend with significant competition from cheaper Chinese electric cars and was ultimately surpassed by BYD as the top EV company in the last quarter…

MondayJan 29, 2024 1:03 pm

Toyota Boss Claims EVs Will Never Exceed 30% Market Share

Toyota boss Akio Toyoda says electric vehicles will never dominate the global market. According to the executive, battery electric vehicles (BEVs) will not exceed 30% of the market share even if consumers adopt the alternative energy vehicles in mass. Although Toyota was the first automaker to develop and sell alternative-energy vehicles, the Japanese company hasn’t been keen on adopting BEVs. It is the only established carmaker that hasn’t manufactured or planned to manufacture a fully electric vehicle; the company has instead placed all its bets on hydrogen-fuel-cell vehicles. Toyoda explained that while electric vehicles still had a place in global…

FridayJan 26, 2024 11:27 am

New Breakthrough Could Be Holy Grail in EV Battery Research

A recent breakthrough by Harvard University School of Engineering and Applied Science (SEAS) researchers could revolutionize electric vehicle battery research and lead to the creation of next-generation EV batteries. Although current electric-vehicle batteries are a marvel of modern technology, they are still susceptible to disruption by the elements. In extra-cold weather, for instance, chemical reactions within an EV battery slow down, causing the battery to lose efficiency and range. Data shows that cold weather can sap around 15%–20% of miles from an EV battery and potentially damage it long-term. EV and battery manufacturers have focused on developing next-generation batteries capable…

ThursdayJan 25, 2024 2:58 pm

Hybrids Could Ease Transition to EVs by Motorists

Hybrid electric vehicles may be the key to accelerating the transition from internal combustion engine (ICE) cars to clean-energy vehicles over the next few decades. Although Tesla introduced the first mass-market electric vehicle more than 15 years ago, electric vehicles still make up a small portion of total vehicle sales more than a decade and a half later. The idea behind electric cars is noble enough: replace fossil-fuel-hungry internal combustion engines with electric motors to eliminate tailpipe emissions by nearly 100%. However, high prices and range anxiety have consistently hindered EV adoption through the years and forced carmakers to rethink…

WednesdayJan 24, 2024 1:24 pm

Europeans Bought More EVs Than Diesel Vehicles in 2023

Data from the European Automobile Manufacturers’ Association has revealed that electric cars outsold internal combustion engine (ICE) vehicles last year. Europeans bought a whopping 1,538,621 battery electric cars in 2023, up from 1,123,444 BEVs in 2022, representing a 37% year-on-year increase in annual BEV sales. European drivers also registered 813,430 new plug-in hybrids (PHEVs), down from 874,777 PHEVs in 2022. Data from the ACEA also shows that 10.5 million new cars were registered in the European Union in 2023 with total vehicle sales in the regional bloc increasing by 13.9% from the previous year. All EU markets except Hungary reported…

TuesdayJan 23, 2024 12:58 pm

How Crisis in the Red Sea Could Impact EV Industry

Houthi attacks on ships passing through the Red Sea have forced most shipping container companies to suspend operations in the critical shipping lane. The electric vehicle industry is one of the many sectors that are now dealing with the fallout of the ongoing Red Sea crisis. Despite enjoying record sales in 2023, car manufacturers Tesla and Volvo recently announced that they were halting electric-vehicle production in the European market due to a lack of key vehicle parts. With the Red Sea channel virtually unusable due to the Houthi rebel attacks, container ships have no choice but to take the much…

MondayJan 22, 2024 2:15 pm

BYD’s Success Shows China Shouldn’t Be Discounted Globally

Last year was a major year for Chinese electric vehicle manufacturers. Generous subsidies from Beijing allowed EV companies from China to flood the international market, particularly Europe, with incredibly cheap electric cars. Furthermore, Tesla faced incredibly stiff competition from automaker BYD, which ultimately surpassed Tesla in EV sales in the last quarter of 2023 to become the top-selling electric vehicle brand on the globe. Although Tesla’s decade-long head start allowed it to outclass established automakers such as Ford, General Motors and Honda, China-based electric vehicle manufacturers such as BYD have caught up to the Texas-based carmaker and are now giving…

FridayJan 19, 2024 3:04 pm

Hertz’s EV Sell-Off Sends Chills Down Industry’s Spine

After various legacy automakers announced plans to scale back their previously ambitious electrification plans, car-rental giant Hertz has revealed that it is also selling off a portion of its EV fleet. The Florida-based car-rental company has revealed that it will sell one-third of the electric cars in its EV fleet (around 20,000 battery electric cars) and invest funds in internal combustion engine (ICE) cars. Even though electric cars theoretically cost less to maintain compared to fossil-fuel-powered cars, Hertz executives noted in a recent executive call that EVs have been harming the company’s bottom lines. This is primarily because electric cars…

Green Car Stocks provides insights and opportunities in the green transportation sector.

Contact us: (512) 354-7000

Category: Green Car Stock