Green Car Stock Archives - Page 68 of 129

MondaySep 12, 2022 1:38 pm

Buick Vows to Buy Out Dealerships Disinterested in Selling EVs

For decades, American drivers have had no choice but to purchase new cars from dealerships because franchise laws prevent automakers from selling directly to customers. But for quite a long time, consumers have complained about the car-dealership experience, stating that pushy salesmen, rampant rip-offs and significant amount of wasted time, among other issues, make the dealership uniquely unpleasant. Those laws become even more problematic for consumers who want to purchase electric vehicles because most dealerships are not enthused with the idea of selling EVs because they are in direct competition with internal combustion engine (ICE) cars, which are a dealerships…

FridaySep 09, 2022 12:09 pm

Tesla Files Application to Manufacture EV Batteries at Freemont Facility

Tesla Inc. (NASDAQ: TSLA) pioneered the modern electric vehicle age when it first unveiled the Tesla Roadster in 2008. More than a decade later, the American automaker is the largest producer of electric vehicles on the planet, manufacturing and selling a total of 1,917,450 EVs since its inception. Given that Tesla is a company that strives to limit its reliance on suppliers, the carmaker has been keen on cornering a segment that has so far eluded the West: mass production of electric vehicle batteries. The Austin, Texas, company recently filed an application to start building a new electric vehicle battery…

ThursdaySep 08, 2022 12:16 pm

Israeli Company Installs EV Fast Chargers in US, Europe

With electric vehicles poised to take over vehicular transport over the next couple of decades, automakers and battery makers have invested considerable resources to make the transition to EVs as easy as possible. While the average electric car produces minimal to no emissions at the tailpipe, making them perfect for countries keen on cutting carbon emissions from transportation, they still aren’t as convenient to use as conventional internal combustion engine (ICE) cars. Charging infrastructure is far from perfect in the United States, for example, with most public charging stations being concentrated in urbanized areas. Furthermore, the chargers don’t work 100%…

WednesdaySep 07, 2022 11:57 am

Why BYD Could Soon Dominate the Electric Vehicle Industry

Tesla’s EV dominance may fall soon to a Chinese firm called BYD (Build Your Dreams). Founded back in 1995 by entrepreneur, chemist, and billionaire Wang Chuanfu, BYD first started its life as a battery maker before transitioning into full-scale EV manufacturing. The Shenzen-based company played a major role in taking a large share of the rechargeable battery market from Japan, becoming one of the biggest suppliers of mobile phone batteries in the world. Even as BYD seeks to make a name in the electric vehicle segment, it still draws most of its revenue from mobile phone battery sales. The Chinese…

TuesdaySep 06, 2022 11:29 am

Electric Vehicles Claim 10% Share of Global July Vehicle Sales

Despite the challenges that hinder the growth of the nascent electric vehicle industry, EV adoption is steadily on the rise. More and more people are considering ditching their gasoline-powered cars for electric vehicles amid a global push to cut fossil fuel use. Data shows that registrations of plug-in electric cars were up by 61% worldwide this July compared to July 2021, with buyers registering a total of 778,000 vehicles. Furthermore, strong plug-in sales in July propelled the market share of plug-ins to reach a whopping 14%. Battery electric vehicles (BEVs) that are solely powered by rechargeable lithium-ion batteries saw their…

FridaySep 02, 2022 10:17 am

LG, Honda Partner to Establish $4.4B EV Battery Factory on US Soil

America may be home to some of the most prominent electric vehicle makers on the globe, but THE COUNTRY has made little headway in the EV battery segment. This segment has consistently been dominated by Asian players, with companies from China and South Korea supplying many of the world’s electric vehicle battery components. As such, the U.S. government is keen on breaking Asia’s stranglehold on the electric vehicle battery space by encouraging local battery production. A recently announced partnership between Japanese automaker Honda and South Korean battery manufacturer LG Energy Solution will increase local production of electric vehicles. Although the…

ThursdaySep 01, 2022 11:16 am

Four Obstacles to California’s Bid to End ICE Vehicle Sales by 2035

California has managed to cultivate the largest electric vehicle market in America in a few short years, hosting major EV makers such as Tesla, Rivian and Lordstown Motors while accounting for a significant percentage of EVs sold in America. As of the end of 2021, there were slightly more than one million electric vehicle units registered in California, more than any other state in the country. The Golden State is now planning on banning the sale of new internal combustion engine cars (ICE) by 2035 as part of its efforts to curb carbon emissions. A policy that will outlaw the…

WednesdayAug 31, 2022 1:10 pm

A Look at the Biggest EV Battery Makers in the World

Electric vehicles rely on rechargeable lithium-ion battery packs for energy, allowing the EVs to emit zero carbon at the tailpipe. But while the West has a major position in the global EV industry, with American automaker Tesla being the largest electric vehicle maker in the world, the EV battery game is dominated by Asian players. In fact, the largest seller of batteries for hybrid and electric vehicles is currently a Chinese company called Contemporary Amperex Technology Co. Ltd (CATL). CATL has pretty much dominated the EV battery market for the past few years, selling more batteries for EVs and hybrids…

TuesdayAug 30, 2022 12:12 pm

EV Charging Tweak Could Potentially Fill Battery in Approximately 10 Minutes

Although they are slated to replace internal combustion engine cars over the next few decades, electric vehicles still have to overcome a few challenges on their way to the top of the automotive space. One major challenge so far has been charging. While you can fill up a conventional gas-powered car with fuel and be on your way within minutes, it can take an hour or longer to recharge an electric vehicle. If you own a Tesla or have access to a supercharger network, you could bring this time down to around half an hour or less. Even though this…

MondayAug 29, 2022 11:59 am

Ford to Lay Off 3,000 Employees in Electrification Bid

Opponents to electric vehicles have long argued that ditching fossil-fuel-powered cars for EVs would have dire consequences on the people who earned their living in the automotive industry. The segment that would be most affected would be internal combustion engine manufacturing as automakers slow down the production of traditional cars in favor of zero-emission electric cars. An Ernst and Young study revealed that around 150,000 employees in the automotive industry are involved in internal combustion engine (ICE) manufacturing. American automaker Ford recently announced news that could potentially spell doom for hundreds of thousands of workers in ICE manufacturing, especially if…

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