Green Car Stock Archives - Page 31 of 116

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…

MondayAug 14, 2023 2:53 pm

Hyundai Sets Sights on Indian EV Market with Five New Models

Hyundai Motor Group has set its sights on the Indian electric vehicle market and is poised to release five new EV models in the country. India is one of the largest automotive markets on the globe, and Hyundai is looking to capture a large swathe of the market as part of its recent electrification efforts. The automaker has been on a roll for the past couple of years, outselling major automakers such as Nissan, Stellantis and General Motors in 2023 to become the third largest carmaker worldwide. Hyundai has seen major success in the United States, its largest overall market,…

FridayAug 11, 2023 3:07 pm

Electrified Golf Carts Find Use as Everyday Vehicles in America

America’s quest to electrify the millions of petrol or diesel-powered cars on its roads has taken an interesting turn as a growing number of U.S. residents have begun adopting electric golf carts, rather than conventional battery electric vehicles, as their daily drivers. Electrified golf carts have become a popular choice for American families looking for a second vehicle in recent years. Usually seen zipping around golf courses and country clubs, electrified gold carts are making appearances in regular neighborhoods thanks to increased adoption by Americans. For the average U.S. driver, electric golf carts present an opportunity to adopt EV technology…

ThursdayAug 10, 2023 2:00 pm

MIT Team Creates Concrete That Could Convert Roads into EV Chargers

A team of researchers from Massachusetts Institute of Technology (MIT) has developed a new type of concrete that could address the problem of insufficient public electric vehicle charging infrastructure in quite an innovative way. Working out of the Wyss Institute for Biological Inspired Engineering, the MIT research team created concrete that can essentially turn roads into chargers for battery electric vehicles. The team’s creation is a much more advanced version of solid-state batteries that replace liquid electrolyte in conventional batteries with a solid electrolyte. This concrete can act as an extremely sturdy supercapacitor to charge electric vehicles as the cars…

WednesdayAug 09, 2023 1:35 pm

UK July EV Sales Jump, Buoyed by Rising Demand

Strong demand from consumers is accelerating the sale of battery electric vehicles (BEVs) in the United Kingdom market. According to a recent report from Reuters, UK residents are purchasing a new electric vehicle every 60 seconds, indicating a surge in electric vehicle interest in the country despite relatively poor economic conditions. Including the UK, several countries in the European Union as well as the United States and China have pledged to replace the diesel/petrol-powered cars on their roads with zero-emission electric vehicles. However, factors such as high purchase points and limited charging infrastructure have slowed down EV adoption in most…

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