NewsRoom Articles - Green Car Stocks

FridayJan 17, 2025 10:00 am

Global EV Sales Jump 25% in 2024, Setting New Record

Data from research firm Rho Motion has revealed that global battery electric vehicle (BEVs) and hybrid sales increased by 25% in 2024. Four consecutive months of record EV sales brought total EV sales to more than 17 million units as Europe’s electric vehicle sector stabilized and China’s industry kept expanding. Emission targets and incentives were especially effective at pushing electric vehicle sales in China, undoubtedly the largest electric vehicle market on the globe, and helped Britain surpass Germany as the largest BEV market in Europe in 2024. According to Rho Motion, battery electric vehicle sales grew by 25.6% year-on-year globally…

ThursdayJan 16, 2025 10:00 am

EV Makers’ Forecasts Clouded as “Trump Effect” Brings Uncertainty to the Industry

With President-elect Donald Trump set to assume office in a few days, electric vehicle makers are getting increasingly apprehensive about their future. Unlike President Biden, Trump is staunchly opposed to climate action and has vowed to eliminate the $7,500 federal tax subsidy that has facilitated tens of thousands of EV purchases over the past half-decade. Although some pundits say that a second Trump administration may not be as harmful to the green transition as many fear, uncertainty about policy changes has clouded the auto industry’s forecasts for 2025. After suffering several months of low demand and depressed sales, many automakers…

TuesdayJan 14, 2025 10:00 am

EV Battery Life Could Be Significantly Prolonged by Single-Crystal Electrodes

Electric vehicle manufacturers could increase vehicle range significantly by replacing the traditional lithium-ion battery with ‘single-crystal electrode’ batteries. New research has revealed that electric vehicle batteries equipped with single-crystal electrodes could travel for ‘millions of miles’ and potentially outlast other vehicle parts. Battery electric vehicles (BEVs) are slated to replace traditional internal combustion engine (ICE) vehicles as the world transitions to renewable energy. They are still a work in progress, however, and current EV batteries struggle to compete with the combustion engine in terms of range. As a result, automakers are constantly working to increase EV battery capacity and develop…

FridayJan 10, 2025 10:00 am

Hyundai In, VW Out as America Changes its Electric Vehicle Tax Credit List

Volkswagen electric vehicles no longer have access to tax credits in the U.S. after the U.S. Department of Energy updated the list of eligible EVs. On the other hand, EVs manufactured by South Korea’s Hyundai Group, as well as the Tesla Cybertruck, joined the list and can be purchased with a subsidy. Electric vehicle prices have been the primary barrier to EV adoption since the Tesla Roadster was first unveiled a decade and a half ago. As a result, several governments worldwide have deployed subsidies and incentives to make electric cars more affordable to average consumers and spur electric vehicle…

TuesdayJan 07, 2025 10:00 am

VW Leak Compromises the Location Data of 800,000 EVs

A recent report from a German news magazine has revealed a massive Volkswagen leak that left the data of 800,000 electric vehicles exposed for several months. According to Der Spiegel, the months-long data leak exposed the phone numbers, email, and even physical addresses of some drivers. The leak raises questions about the safety of consumer data that companies have been collecting in increasing amounts over the past few years. Der Spiegel was first notified of the data leak by a whistleblower and the Chaos Computer Club, Europe's largest association of hackers. The German news magazine says the data leak occurred…

FridayJan 03, 2025 10:00 am

Why the US Should Retain the Federal EV Tax Credit

President-elect D. Trump's second administration could have major repercussions for America's nascent battery electric vehicle (BEVs) industry. The incoming president has made his disdain for Biden's EV-related investments clear, and his administration is set to get rid of the $7,500 federal tax credit for EV purchases. The credit has been a godsend for both consumers and automakers by making electric cars more affordable for buyers and helping carmakers sell their often pricey electric cars. However, Trump is opposed to all things related to green energy, BEVs included, and has vowed to reverse all of the outgoing administration's EV policies once…

ThursdayJan 02, 2025 10:00 am

Hertz Offers Steep Discounts to Renters Interested in Buying Their EVs

Hertz is selling its battery electric vehicles (BEVs) at steep discounts to interested renters. The car rental giant began the sale in November and is set to offload at least a third of its electric vehicle fleet. According to a 2023 statement from Hertz, lower demand for electric vehicle rentals coupled with high maintenance costs informed the renter's decision to minimize its massive fleet of electric vehicles. Recent reports have stated that renters who are currently renting a Hertz EV can snag these cars at massive discounts. Hertz is reportedly reaching out to these customers and inquiring if they would…

FridayDec 27, 2024 10:00 am

American Firm Unveils Innovative EV Battery That Needs 10 Minutes to Fully Recharge

An American firm has unveiled electric vehicle battery technology that could speed up EV charging rates significantly and allow EV drivers to charge their cars in as little as 10 minutes. New York-based Sionic Energy has designed a novel EV battery that uses a 100% silicon anode rather than the graphite that's used in most lithium-ion battery configurations to super-boost its energy density. Sionic Energy developed the battery with the help of silicon battery material manufacturer Group14 Technologies which is set to ramp up production of a silicon-carbon composite dubbed the SCC55. The firm found that silicon anodes increase energy…

ThursdayDec 26, 2024 10:00 am

Recent Battery Breakthrough Could Revolutionize EV Industry

Dalhousie University researchers have made a battery breakthrough that could potentially revolutionize the struggling electric vehicle sector. While battery electric vehicles or BEVs are expected to replace internal combustion engine (ICE) cars as the world's primary mode of vehicular transportation, they are still a work in progress. Using the University of Saskatchewan's Canadian Light Source, Dalhousie University and University of Saskatchewan scientists have discovered a new type of battery that can retain 80% of its original capacity after 20,000 charging cycles or 8 million kilometers. With current U.S. regulations stating that electric vehicle batteries should retain at least 80% of…

FridayDec 20, 2024 10:00 am

Incoming Trump Team Plans to Undo Biden Policies Favoring EVs

The transition team behind President-elect Donald Trump has revealed that the incoming administration has plans to undo the outgoing administration's EV policies. Trump has been extremely critical of electric cars and the billions of dollars the Biden administration has invested into EVs, green infrastructure, and clean energy as a whole. During his second presidential campaign, Trump promised to rescind all unspent funds that had been dedicated to advance green energy goals. With the new administration just weeks away from taking over officially, Trump's team states the controversial billionaire plans to cut off all support for electric cars and charging stations…

Green Car Stocks provides insights and opportunities in the green transportation sector.

Contact us: (512) 354-7000