Green Car Stock Archives - Page 40 of 116

FridayApr 21, 2023 2:54 pm

Significant Drop in the Price of Lithium Could Result in More Affordable EVs

Prices of lithium have been falling sharply since early this year, meaning that less expensive electric vehicles may be expected in the future. After a two-year surge, the main battery ingredient declined by more than 65% as of January 2023. In November, the price reached a peak at $85,000, and Jean-Charles Cachon, an analyst from the mining industry, says it's too high to be sustainable. Currently, this metal is now going for less than $30,000 a metric ton. Cachon pointed to China's withdrawal of the electric vehicle subsidies that led to slower sales and a reduction in demand for these…

ThursdayApr 20, 2023 11:17 am

Walmart to Set Up EV Chargers at Thousands of Stores by 2030

Walmart is planning to equip thousands of Sam's Club and Walmart locations in the United States with new quick-charging points for electric vehicles by 2030. This plan would dramatically raise the number of chargers at Walmart locations from the current 1,300 available at a minimum of 280 stores to a significantly larger number. Walmart aims to satisfy the requirements of its consumers and members at their place of residence, as well as opening a way for drivers from different parts of the country. The easy availability of charging at busy stations can be a game changer for drivers who have…

WednesdayApr 19, 2023 2:58 pm

Volkswagen Develops Superior Drive System, Motor for Electric Vehicles

Volkswagen says that for all its electric cars, it is developing a new, more powerful, and effective engine and drive framework. It claims that thanks to increased efficiency, its new APP 550 propulsion system will enhance the performance of batteries in rear-wheel drive vehicles as well as increase their range. According to Volkswagen, by the end of this year, the first vehicles with the modern 210 kW/280 horsepower electric drive framework will be delivered. The MEB platform, which is the foundation for all company-branded ID vehicles, will continue to be used as the design base for this new drive system,…

TuesdayApr 18, 2023 1:26 pm

Hyundai Doubles Down on Electrification with Intent to Sell 31 EV Models by 2030

Recently, the Hyundai Ioniq 6 was named the car of the year in the world, and the automaker is now intensifying its focus on electric vehicles. South Korea is set to receive $18.1 billion in investment from the Hyundai Motor Company in order to rank among the leading three manufacturers of electric vehicles in 2030. Hyundai wants to significantly increase the manufacturing of electric vehicles as an aspect of the initiative. If all goes as planned, Hyundai will produce 1.51 million electric vehicles yearly in South Korea and 3.64 million electric vehicles across the globe in 2030. Hyundai also states…

MondayApr 17, 2023 1:37 pm

New Poll Shows Most Americans Still Have Concerns about Electric Vehicles

According to a recent survey, almost 50% of Americans feel it's doubtful that the next car they buy will be an electric vehicle, citing the cost and scarcity of charging alternatives as the major deterrents. The Biden government's ambitions to significantly increase American sales of electric vehicles may encounter customer pushback, according to an AP-NORC/EPIC poll. Just 8% of American people claim ownership of or leases on an electric car, and just 8% claim to have a PHEV in their homes. Despite the $7,500 in tax incentives to purchase a new electric vehicle, it could be challenging to convince people…

FridayApr 14, 2023 11:55 am

EPA Drafts Tighter Emissions Controls to Boost Electric Vehicle Transition

The United States Environmental Protection Agency is anticipated to introduce tighter emissions controls to encourage significant reductions in emissions produced by motor vehicles as part of a strategy to encourage carmakers to significantly switch to electric cars. If these controls were to be put into effect, the light-duty cars with model years 2027–2032 are anticipated to be covered by the proposed regulations. According to environmental organizations and several carmakers, the idea will enable at least one-half of the country's vehicle fleet to be electric by 2030, in keeping with the objective set down in 2021 by the president. In 2032,…

ThursdayApr 13, 2023 3:06 pm

AI Could Boost Electric Vehicle Range, Performance

The most recent method for extending the range of electric vehicles is astronomically innovative. The AI software that analyzes the EV data is able to extend a typical car's range by up to 100 kilometers. According to the experts in the field, one of the numerous ways EVs and their associated batteries develop in the upcoming years may be through artificially intelligent software. It may also contribute to tire conservation and the notification of problems three months in advance. The EVE-Ai software, created by Fabrizio Martin and released by Electra Vehicles, uses the information collected by automobiles and is analyzed…

WednesdayApr 12, 2023 3:37 pm

EVs to Claim 35% Market Share in China, Throwing Legacy Automakers in Disarray

There are increasing numbers of media stories predicting a sharp decline in conventional vehicle sales in China that could lead to a substantial effect on the major automakers across the globe. Due to the implementation of new vehicle pollution rules and the surge in demand for electric vehicles in China, millions of conventional vehicles will soon be rendered unsellable in that country. For some traditional automakers, the coming three months are likely going to be disastrous given that China already has a dilemma with its automobile inventory. The first significant market worldwide, where electric vehicles have a 25% market share,…

TuesdayApr 11, 2023 2:08 pm

Jury Orders Tesla to Pay Ex-Employee $3.2M for Racial Bias

Tesla Inc. (NASDAQ: TSLA) has been ordered to pay $3.2 million in a legal suit in response to claims that it permitted race-related discrimination to happen at its U.S. main assembly facility without preventing it. A Black former employee of Tesla's Fremont factory, Owen Diaz, has been awarded $175,000 for psychological anguish and $3 million in exemplary damages by a San Francisco-based federal court in California. According to Diaz, upon reporting, Tesla did not respond to the persistent harassment that included racist remarks and offensive caricatures he experienced while working as an elevator operator in Tesla's factory in 2015 through…

MondayApr 10, 2023 12:58 pm

EV Tax Benefits Become More Confusing as Treasury Releases Fresh Guidance

Beginning this month, the American Department of Treasury will tighten requirements for customers to qualify for a substantial income tax break when they purchase new EVs, mandating that critical components, particularly materials for batteries, be primarily sourced from North America. The tax credit of not less than $7,500 offered to consumers who buy new electric vehicles was made possible by the Inflation Reduction Act, which was passed into law in 2022. However, due to the stricter new regulations on the source of battery materials and components set to be imposed on April 18, 2023, several electric vehicles are expected to…

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