Green Car Stock Archives - Page 57 of 129

TuesdayFeb 21, 2023 11:47 am

Average EV Price Dropped by $3,000 in January

The dramatic price reductions made by Tesla last month contributed to a $3,300 decrease in the average cost of a newly purchased electric car throughout the United States. Based on a report from Kelley Blue Book (KBB), a company for vehicle valuation, the average cost of an electric car in December was $62,088 but dropped to $58,725 in January. Tesla vehicles cost an average of $59,648 in January, lower than $65,080 in December. The price reductions made by Tesla on Jan. 13, 2023, are the cause of the reduced selling prices. These price drops are aimed at boosting sales and…

FridayFeb 17, 2023 11:10 am

Goldman Sachs Sees EVs Claiming 50% Market Share by 2035

As the quest for achieving zero emissions intensifies, electric cars will account for almost 50% of total new vehicle sales globally by 2035, as per Goldman Sachs Research. According to Kota Yuzawa, a strategist for equity research at Goldman Sachs, the rising use of self-driving cars and electrified vehicles would cause a significant change in the automotive sector between the years 2020 through 2030. As regulations for the environment get tighter and electric vehicle technology advances, the auto sector's growth won't slow down. The transition to electric vehicles is predicted to happen more quickly. Governments in nations all around the…

ThursdayFeb 16, 2023 2:37 pm

Hyundai to Start Allowing Motorists to Subscribe for Short-Term EV Use

Hyundai Motor Company is launching Evolve+EV, a new car subscription program. This service is intended for people who actually do not wish to commit on a long-term basis but instead want to own a car just out of curiosity or as a temporary possession. Using just a mobile app, consumers are able to reserve a Hyundai Kona Electric or Ioniq 5 electric vehicle, the only vehicle options at the launch, for $699 or $899, respectively. Hyundai’s program is accessible at eight dealerships spread across six states in America. This subscription program differs from leasing in that it includes insurance and…

WednesdayFeb 15, 2023 12:31 pm

Discarded Cellphones Could Boost EV Battery Production

In order to power the future generation of electric cars, the Audi company recently teamed up with Redwood Materials to gather all batteries that can be recharged from consumer cell phones, laptops, and other everyday electronics. No less than 10 Audi dealers across the United States have made the decision to take part in the effort, with the company hoping that additional dealers will join in the months to come. Consumers drop off the devices at dealer stores; the devices are then transported to Redwood establishments in Nevada to be sorted, recycled and rebuilt to produce lithium and cobalt —…

TuesdayFeb 14, 2023 1:33 pm

California Startup Gives Used EV Batteries Second Life as Stationary Energy Storage

In an intriguing effort to demonstrate an alternative to conventional recycling, an energy startup in California has converted 1,300 electric vehicle (EV) batteries into storage capsules for solar power. The project, according to B2U Storage Solutions, the company behind the technology, will significantly reduce solar storage costs. Additionally, it will aid in lowering the carbon footprint of EV batteries, which includes manufacturing and mining costs that harm the environment. On Feb. 7, 2023, the company announced that it had 25 MWh of stored solar energy stored in 1,300 batteries from Nissan and Honda connected to a solar energy campus in…

MondayFeb 13, 2023 1:13 pm

Wireless Charging Could Expedite EV Uptake

The globe's first open experiment in "wireless charging" will take place later this year on a kilometer-long strip in Balingen, Germany. Its purpose is to demonstrate the viability of a technology that has long been seen as aspirational and innovative in the EV charging industry. BMW is one of many automakers that already offers cars with pads that allow recharging while the vehicle is parked. However, the possibility of recharging batteries while operating a vehicle (dynamic charging) has extensive consequences for the sector. There are significantly insufficient charging stations to serve the several automobiles anticipated on the roadways, automakers and…

FridayFeb 10, 2023 11:25 am

When Will Cost Parity Between EVs, ICE Vehicles Materialize

Price parity among electric, gasoline and diesel-powered vehicles has for a long time been predicted to be the turning point in sales for electric vehicles. Considering how inexpensive electric cars are to operate, choosing a gasoline or diesel vehicle will make no financial sense for the vast majority of consumers if both options cost the same. The cost of batteries and car production costs are the two key factors influencing the price gap between EVs and ICEs. A decline in battery prices and automakers transitioning to vehicle chassis made exclusively for electric vehicles are likely to contribute to the expected…

ThursdayFeb 09, 2023 12:50 pm

Basic Math Shows EVs Are More Affordable to Drive for 100 Miles

In a recent article, Jalopnik claimed that driving 100 miles in an EV is now more expensive than in an ICE. If this is accurate, then it would be a fascinating update. Is it truly cheaper to drive 100 miles in an electric vehicle than in a gas vehicle? It is, indeed. InsideEVs did the math to support it. The following variables can serve as a starting point for setting levels in Boston, a city in the United States with higher energy costs than the rest of the country. An electric vehicle's 3 kWh (or 33.3 kWh for a 100-mile…

WednesdayFeb 08, 2023 12:30 pm

EVs Reenergize Efforts to Recycle Batteries

Battery recycling appears to be an easy thing. Nonetheless, while precise figures are difficult to locate, it is believed that only 2% to 11% of li-ion batteries that fail in Canada, the United States, and several European nations make it to a recycling center to be recycled. Rather, they languish in cupboards or cabinets unopened or, worse yet, wind up in garbage dumps. Since the batteries in electric vehicles are large, hazardous and expensive to just toss away, that situation might soon change. A new recycling sector has emerged as a result of the worldwide electric vehicle revolution, and it…

TuesdayFeb 07, 2023 12:35 pm

Study Links EV Adoption to Reduced Pollution, Health Improvements

EVs are frequently touted as being a crucial tool for reducing emissions as well as combating climate change; however, research on the combined advantages of cleaner air and better health has proven to be more speculative. Research on the actual effects of the adoption of electric vehicles has commenced at the USC Keck School of Medicine. The first research used actual data to examine the connection between electric cars, air contamination and health. The researchers did an observational study of California as a state where citizens quickly switched to electric vehicles. “The Science of the Total Environment” journal just released…

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