NewsRoom Articles - Green Car Stocks

MondayMar 01, 2021 2:25 pm

Study Shows EV Drivers Travel Less Than Other Drivers

Electric vehicles (“EVs”) are fundamentally different from conventional vehicles, running on a rechargeable battery pack rather than an internal combustion engine. New research has now uncovered that, compared to the average driver, EV drivers may also have different driving habits. At least according to a study of EV driving habits by researchers at the National Bureau of Economic Research (“NBER”). The researchers discovered that compared to conventional gas-powered vehicles, electric vehicles drive half as many miles per year. EV drivers put roughly 5,300 miles every year on their cars, half as many miles as the average driver travels per year.…

FridayFeb 26, 2021 12:30 pm

Ford Motor Co. (NYSE: F) Injects $1 Billion in Germany as It Targets EU Market for EVs

Several countries across the world have set green-energy targets as the race toward electrifying the roads heats up. European countries have set what are probably the most ambitious targets, consequently pushing automakers towards adopting green energy much faster. American car maker Ford Motor Co. (NYSE: F), for instance, has unveiled plans to spend $1 billion on modernizing a factory in Cologne, Germany, as it works towards its target of selling only electric passenger cars on the continent by 2030. According to the automaker, the plant will be overhauled and used to produce Ford’s first European-built, mass-volume electric passenger car starting…

ThursdayFeb 25, 2021 2:55 pm

Five Challenges Car Makers Have to Overcome When Making Parts for Electric Vehicles

Although electric cars represent the next frontier of vehicular travel, they were bound to disrupt the century-long automotive industry and the manufacturing practices that have now become procedure. Electric vehicles (“EVs”) are powered by a rechargeable battery, unlike conventional vehicles, which rely on internal combustion engines. But the differences between the two types of vehicles don’t stop there. EVs also require slightly modified vehicle parts such as tires, brakes and even acoustic insulation compared to ICE vehicles, and this poses a challenge for car makers who have been making parts a certain way for years — even decades in some…

WednesdayFeb 24, 2021 3:15 pm

A Comparison Between Hydrogen Fuel-Cell Cars and EVs

Battery electric vehicles are the most popular green energy vehicles (“EVs”) right now, with several EV start-ups, along with legacy automakers, throwing their hats into the new EV industry. Another kind of green energy vehicle that has emerged is the hydrogen fuel-cell car or hydrogen fuel car for short. Like electric vehicles, they abandon fossil fuels and the combustion engine for another power source, but instead of a rechargeable battery, hydrogen cars use liquid hydrogen to generate electricity. The only waste product they emit at the tailpipe is water, making them a suitable replacement for fossil fuel vehicles. However, they…

TuesdayFeb 23, 2021 2:00 pm

Washington State Bill Seeks to Bypass Dealerships During EV Purchases

Unlike most automakers who sell their vehicles through franchised dealerships, EV maker Tesla Inc. (NASDAQ: TSLA) doesn’t adhere to the dealership model, instead opting to sell its electric vehicles (“EVs”) directly to customers. With plenty of people classifying visiting a car dealership as one of the last things they’d want to do, the move was met with praise from industry analysts and customers alike. If a proposed Washington State bill is successful, every manufacturer who only produces zero-emission vehicles will be able to sell directly to customers in the state. Under Bill HB 1388, automakers that exclusively produce zero-emission vehicles…

MondayFeb 22, 2021 12:30 pm

Utah Bill Hikes EV Fees, Triggers Huge Debate on Road Usage

Although the elective vehicle (“EV”) industry is quite young, it is projected to grow at an extraordinary rate over the next few decades, thus posing a great challenge to the century-old automotive industry. However, most EVs are quite expensive to purchase — so expensive that most households cannot afford to buy them. To boost EV adoption, cut carbon emissions, and meet climate goals, governments have taken to providing incentives, tax rebates, and tax credits to make them more affordable. That’s why a bill that was recently passed by Utah lawmakers has caused an uproar among environmental conservationists and green-energy proponents.…

MondayFeb 22, 2021 11:42 am

PowerTap, an Investee Company of Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) Announces USA Hydrogen Station Distribution Model

PowerTap Hydrogen Fueling has signed a definitive agreement with the Andretti Group to create an optimized network by leveraging the latter’s operational expertise and global reach PowerTap plans to have 500 operational hydrogen filling stations deployed across the country by the end of 2025 The existing business model's deployment of hydrogen stations expedites rollout due to the existing fuel operations on each site The hydrogen fuel cell vehicle market worldwide was valued at $651.9 million in 2018 and is expected to grow to over $42 billion by 2026 Stemming from the announcement made by Clean Power Capital (CSE: MOVE) (FWB:…

FridayFeb 19, 2021 1:15 pm

Denver Unveils EV Car-Share Scheme for Underprivileged Communities

In the wake of the coronavirus pandemic, the City of Denver has partnered with a nonprofit to launch a car-sharing service composed primarily of electric cars to serve underserved communities. The brainchild of Mike Salisbury and his colleagues at the city’s Office of Climate Action, Sustainability and Resiliency (“CASR”), the project will see nonprofit Colorado CarShare operate a fleet of seven EVs in six Denver neighborhoods starting this winter. The EV car-sharing scheme essentially kills two birds with one stone; it provides underserved communities with sustainable transport at a time when transit services are being reduced, and it is also…

FridayFeb 19, 2021 12:12 pm

ev Transportation Services Inc.’s FireFly ESV Now Endorsed by Former Pro Golfer Ernie Els

The FireFly ESV is a highway-legal, application specific, essential services vehicle that is also all-electric with zero emissions The vehicle uses the safest lithium-ion battery technology with an expected lifespan of 10 years and a longer operating time per charge The 2021 FireFly ESV promises to be the best equipped ESV model yet Boston-based ev Transportation Services ("evTS"), a specialty vehicle manufacturer providing all-electric lightweight commercial utility vehicles and fleet management solutions, is changing how essential services management and urban e-mobility markets are handled via its highly versatile flagship product, the Firefly ESV (essential services vehicle). To promote the FireFly…

ThursdayFeb 18, 2021 2:45 pm

Australian Feds Rule Out Private EV Purchase Subsidies

Electric vehicles (“EVs”) are still too expensive for the average buyer. Although EVs are poised to ultimately replace internal combustion vehicles as countries around the world strive to reduce carbon emissions, improve air quality and achieve climate goals, the initial purchase costs put them out of the reach of most households. To make them more affordable and boost EV adoption, authorities in several countries have been offering subsidies, incentives and tax credits for certain electric vehicle purchases. Australia, however, has chosen to go a different route after the federal government recently announced that it was ruling out subsidies for private…

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