Green Car Stock Archives - Page 60 of 124

ThursdayOct 20, 2022 2:44 pm

EU Wants Its EVs Given Equal Treatment in the US Inflation Reduction Act

When the U.S. Inflation Reduction Act was passed, there was uproar from foreign makers of electric vehicles because the law stipulated that only vehicles that were partially or wholly manufactured in the United States would qualify for the subsidies indicated in this new law. The European Union is one trading bloc that has come out to protest what its calls “discriminatory policies” orchestrated by the U.S. against vehicles made from the European Union and elsewhere. The EU says that its member countries, such as Germany, have government subsidies in place to support the rapid adoption of electric vehicles. Those subsidies…

WednesdayOct 19, 2022 11:14 am

California’s Low-Income Earners Struggle to Access EV Grant Programs

With the effects of runaway climate change becoming all too apparent with each passing year, different jurisdictions are taking steps to encourage the transition to electric vehicles so that pollution from the transportation sector can be reduced. California is one such jurisdiction that has set an ambitious 2035 target for ending sales of fossil-fuel vehicles. However, the average cost of an EV in the United States is approximately $66,000, and this figure is out of reach for nearly all low-income earners. To help this section of the state’s population to access financial help in acquiring electric vehicles, California has established…

TuesdayOct 18, 2022 2:29 pm

Why Tesla EVs Aren’t All Updated at the Same Time

If you own a Tesla Inc. (NASDAQ: TSLA) electric vehicle, you may be wondering why you may not be receiving updates for your vehicle at the same time as other Tesla EV owners. While you may be tempted to surmise that this is due to some inefficiency on the part of the automaker, it turns out that there are perfectly logical reasons why different vehicles receive these (often) monthly updates several days or even weeks apart. The first consideration that determines when a Tesla vehicle receives an update has to do with the particulars of the vehicle and where that…

MondayOct 17, 2022 11:30 am

Amazon to Inject Nearly $1B into Electrifying European Fleet

Amazon announced on Monday that it had allocated $972 million for electrifying its vehicle fleet in Europe. This investment is set to grow the EV fleet of the online retailer from the current 3,000 vehicles to a minimum of 10,000 by 2025. Besides the 3,000 delivery vans already runs, the company also has 1,500 long-haul trucks running on li-ion batteries. Amazon is taking these steps in order for all its operations to be carbon-neutral by 20240. While speaking at the launch of the electrification program, CEO Andy Jassy revealed that the hardest job the company faced was in taking its…

FridayOct 14, 2022 1:10 pm

How GM Intends to Woo Motorists to Switch to EVs

As the demand for EVs grows at a feverish pace and supply chain constraints coupled with inflation put the squeeze on consumers and manufacturers alike, automakers are looking to find new ways to attract buyers and earn profits as well. General Motors, which is wholly committed to transitioning its entire lineup to electric vehicle versions, has several tricks up its sleeve to woo car buyers. This was revealed during a CNBC interview with Deborah Wahl, the chief marketing officer of GM. Encouraging motorists to ask questions GM is aware that the American public has interest in electric vehicles, but how…

ThursdayOct 13, 2022 12:02 pm

China Still Has a Stranglehold on EV Battery Manufacturing

As the electric vehicle market grows at explosive rates around the world, so does the demand for the batteries that power these vehicles. While the United States and Europe are trying to create their own supply chains for these vital batteries, Asian suppliers, and particularly China, have a dominant command of the battery supply. According to available statistics, Chinese companies command a dominant 56% of the EV battery production capacity. Korea comes in second at 26%, and Japan completes the top three with a 10 percent share of the worldwide electric vehicle battery market. At company level, CATL leads all…

WednesdayOct 12, 2022 1:50 pm

NASA Says New Space Technology Can Charge EVs in Five Minutes

One of the most significant concerns that motorists have about switching to electric vehicles is that charging the vehicles takes an inordinately long time — if one can even find a working charger. These impediments to EV adoption have the academia, the authorities in different jurisdictions, and automakers concerned. Now NASA has revealed that the new technology it is developing for use in outer space can help cut EV charging time to just five minutes. A team of researchers based at Purdue University used NASA dollars to design the Flow Boiling & Condensation Experiment (FBCE) to make it possible for…

TuesdayOct 11, 2022 1:41 pm

EPA Proposals Include Provisions to Grant Biofuel Credits to EV Charging

With several countries across the world looking to reduce carbon emissions from transportation, zero-emission electric cars may become exceedingly common on roads in the next few decades. But even though electric cars produce zero emissions at the tailpipe, some critics have argued that they are not 100% green because they are powered by coal-generated electricity. To be completely free of emissions, electric vehicles would have to run on electricity that was generated via renewable sources. The U.S. government has been instrumental in encouraging electric vehicle adoption through subsidies that have made EVs somewhat affordable. Sources say that authorities are now…

MondayOct 10, 2022 12:27 pm

Why Media Stories About EV Fires Shouldn’t Worry You

You have probably heard about the massive recall of the Chevrolet Bolt EV due to a defect that significantly increased the risk of fires. After dozens of Chevy Bolts broke out into flames in 2020, General Motors first recalled the model in November before issuing three more recalls in July 2022. With all this media talk about electric vehicle fires, you are probably wondering if it would be a good (and safe) idea to purchase an EV, especially if you have little or no experience with one before. Data shows that the 2019 Bolt EV with an LG-manufactured battery is…

FridayOct 07, 2022 9:35 am

Analysts Say Minimobility Means May Be Needed to Bridge Gap Between EVs, Micromobility

Electric vehicles are poised to replace the conventional fossil fuel vehicles that dominate the roads in developed countries. Amid efforts to cut carbon emissions from transportation, EVs have emerged as a viable solution because they rely on rechargeable li-ion batteries rather than carbon-emitting combustion engines. However, electric vehicle adoption has proven to be slow, partly due to high purchase costs and insufficient charging infrastructure. In territories such as China, however, automakers have made a killing selling mini-EVs for a fraction of the price of regular-sized electric cars. The Wuling Hong Guang MINI EV, for instance, sold nearly 400,000 units in…

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