NewsRoom Articles - Page 100 of 126

WednesdayMay 19, 2021 11:20 am

Munich Study Reveals EVs Could Impact Thousands of Workers in Germany

The age of the internal combustion engine is coming to a close, and the electric power train has been appointed its successor. Running on electricity, battery electric vehicles (“BEVs”) produce zero emissions at the tailpipe, making them the perfect vehicle for a world hell-bent on cutting its reliance on fossil fuels and arresting the effects of runaway global warming. Consequently, several governments around the world have set targets for the phasing out of fossil fuel-powered vehicles in exchange for zero-emission electric vehicles (“EVs”). Germany's government, for instance, intends for the country to have registered around 7 to 10 million electric…

TuesdayMay 18, 2021 3:19 pm

General Motors (NYSE: GM)’s Investment in Mexican EV Plant Rubs US Union the Wrong Way

With the age of the internal combustion engine drawing to a close, the nascent electric vehicle (“EV”) industry has seen fierce competition. While Tesla has emerged as the top EV maker in the world, EV startups such as Rivian are giving Tesla a run for its money. Legacy automakers haven't been left behind, with most auto manufacturers pledging to electrify their lineups within the coming decade. General Motors (NYSE: GM) has embraced electrification in a big way, previously announcing that it would roll out 30 new EV models by the end of 2025. Additionally, GM has unveiled plans to electrify…

MondayMay 17, 2021 2:25 pm

Commercial Vehicles Segment Set to Explode in EV Industry

With passenger electric vehicles (“EVs”) poised to take over the roads over the next few decades, EV makers have been working tirelessly to capture a large segment of the market for themselves. Both electric vehicle startups and legacy automakers have thrown their hats into the race, and for most of them, Tesla is the one to beat. However, the commercial electric vehicle segment, which hasn't received much attention as passenger vehicles from most carmakers, presents a major opportunity. Commercial fleets don't have to worry about most of the problems individual drivers face. For instance, they don't have to worry about…

MondayMay 17, 2021 9:00 am

Ideanomics Inc. (NASDAQ: IDEX) Capitalizing on Growing Commercial EV and Real Estate Segments

The increased driving range and expansion of charging outlets are expected to trigger widespread adoption of EVs, including commercial EVs The commercial EV segment is projected to grow at a 41.1% CAGR from 2020-2028 and is likely to influence the purchase of other types of EVs, further benefiting Ideanomics’ Mobility division Ideanomics Capital division, through wholly owned subsidiary Timios, is set to benefit from the pandemic-driven growth currently being witnessed in the housing market The global electric commercial vehicle market is expected to grow at a CAGR of 41.1% from 2020 to 2028, reaching a little over 2 million units…

MondayMay 17, 2021 9:00 am

Clean Power Capital Corp. (NEO: MOVE) (FWB: 2K6A) (OTC: MOTNF) Shareholders Sustain Energy Mission, Welcome New CEO

British Columbia-based investment holding company Clean Power Capital Corp. recently held its annual general and special meetings of shareholders Shareholders voted to sustain the company’s new investment directive, which includes focusing on renewable power initiatives and bio-medical plus naturopathic sectors Clean Power’s CEO announced his resignation following the meeting and he will be succeeded by majority-owned investee PowerTap Hydrogen Fueling Corp.’s CEO The company has also launched two new marketing initiatives to increase its investment profile with the general public PowerTap appointed a former Shell Oil Products US executive to its advisory board Holding company Clean Power Capital (NEO: MOVE)…

FridayMay 14, 2021 2:43 pm

Georgia Prepares to Play Major Role in EV Industry

After plugging along for more than a century, the internal combustion engine (“ICE”) vehicle is finally being retired. Several countries around the world have pledged to replace the vehicles with zero-emission battery electric vehicles (“BEVs”) over the next decade or two. The industry is still pretty young, however, with electric vehicles (“EVs”) making up only 3% of all the vehicles on the globe. Fortunately, most industry experts predict increased electric vehicle sales as the automobiles become more affordable. The state of Georgia is poised to play a major role in the EV space. According to the International Energy Agency, electric…

ThursdayMay 13, 2021 11:23 am

IEA Predicts 145 Million EVs Sold Globally by 2030

After dominating the world's roads for more than a century, the era of internal combustion engines (“ICE”) is poised to end. In a bid to arrest the effects of runaway global warming, several countries have pledged to replace traditional vehicles with zero-emission electric vehicles (“EVs”) over the next decade. EVs currently comprise only a small portion of vehicles bought every year, with high costs and insufficient public chargers holding back mass EV adoption. According to the International Energy Agency (“IEA”), however, there will be around 145 million battery electric vehicles (“BEVs”) in the world by the end of the decade.…

WednesdayMay 12, 2021 1:21 pm

Clean Power Capital Corp. (NEO: MOVE) (FWB: 2K6A) (OTC: MOTNF) to Capitalize on PowerTap’s Market Expansion Opportunities in the Hydrogen Fueling Space

Clean Power Capital Corp.’s investee company PowerTap Hydrogen Fueling to employ its patented hydrogen production technology in several commercial markets PowerTap utilizes data analytics to control PowerTap’s system performance PowerTap aims at installing 500 hydrogen filling stations in the USA alone within the next 3-5 years Clean Power Capital (NEO: MOVE) (FWB: 2K6A) (OTC: MOTNF) is an investment holding company that focuses on investor and finance opportunities across renewable energy, bio-medical, pharmaceutical, and naturopathic sectors. The company's investments are geared towards short-term gains, income generation, or long-term capital appreciation, with the main objective to generate maximum returns from its investments.…

WednesdayMay 12, 2021 11:22 am

Improving Battery Technology Brings EV Prices Down

Several countries around the world are scrambling to replace their fossil-fuel-powered fleets with zero-emission electric vehicles (“EVs”) in a bid to halt runaway global warming before it's too late. Unfortunately, electric vehicles made up just 3% of all vehicles purchased in 2020, and the path to mass EV adoption is still plagued with a number of obstacles. The chief hindrance to mass EV adoption is price, with most electronic vehicle models costing much more than the average consumer can afford. However, industry projections say battery electric vehicles (“BEVs”) will become as affordable as internal-combustion engine (“ICE”) vehicles in the next…

TuesdayMay 11, 2021 11:03 am

Maine Unveils Seven DC Superchargers in Support of Transition to EVs

On April 26, Maine commissioned the seventh and last of its first phase of electric vehicle (“EV”) charger installations in a campaign that will see a network of these facilities installed by the state in strategic locations. This particular phase of charging units installed was mainly targeting busy routes that take travelers to winter ski resorts as well as highways that move motorists across state lines. These supercharger stations have the capacity to add approximately 250 miles worth of charge to a vehicle’s battery within an hour. Costing approximately $200,000 each, the charging stations don’t come cheap. However, Maine is…

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