NewsRoom Articles - Page 105 of 133

MondayJun 14, 2021 3:40 pm

Last-Mile Deliveries Could Soon Rely Heavily on Electric Vehicles

Although electric vehicles (“EVs”) are slated to replace fossil-fuel-powered vehicles over the next few decades, only a small percentage of higher-earning consumers are buying EVs. On top of range anxiety and insufficient public charging infrastructure, electric vehicles are just too expensive for the average driver. However, company fleets aren't constrained by such issues, and they may just be the avenue needed to push electric vehicles into the forefront of vehicular transportation. With the massive growth of e-commerce over the past decade, the nascent EV sector has been given a once-in-a-lifetime opportunity for expansion. E-commerce companies run massive fleets to deliver…

FridayJun 11, 2021 12:25 pm

The Cost of Charging an EV Explained

Zero-emission electric vehicles are becoming more popular among consumers. Last year, electric vehicle (“EV”) sales increased by 39% to 3.1 million units. And despite a major push for electric vehicle public charging infrastructure, most EV owners in the United States (around 80%) do the majority of their charging at home. Since most of these vehicles will be charged at home, calculating how much more you would spend on electricity once you plug your electric car in is crucial. On average, an electric vehicle will add around $30 to $60 to your home utility bill per month. This will, of course,…

ThursdayJun 10, 2021 2:39 pm

Battery Recycling Needed as Electric Mobility Takes Root

The electric vehicle (“EV”) sector has come a long way in just a little over a decade. Bolstered by new emissions standards, government support and major investments from EV startups and legacy automakers, the EV space has grown from a blip on the radar to an industry poised to take over the transportation sector. There were around 10 million electric vehicles around the world in 2020, with EV registrations increasing by 41% despite the menacing specter of the coronavirus pandemic, and by 2030, the global EV fleet is expected to reach a whopping 230 million. But while the number of…

WednesdayJun 09, 2021 12:55 pm

Ford Motor Company (NYSE: F) Ramps Up Its EV Investments in a Bid to Capture 40% Market Share

Although Tesla Inc. (NASDAQ: TSLA) showed that it was possible to develop an electric vehicle (“EV”) that could function as well as a petrol and diesel-powered vehicle, the pioneering EV maker is no longer the only player in the EV sector. In a bid to cut their carbon emissions, several countries have set ambitious green energy targets that, among other things, involve placing limits on the sale of fossil fuel-powered vehicles within the next decade. Consequently, legacy automakers that have been around for decades, including Ford Motor Company (NYSE: F), have been forced to throw their hats into the electric…

TuesdayJun 08, 2021 2:49 pm

How China Is Schooling the US on EVs

The electric vehicle (“EV”) sector is poised to disrupt and eventually take over the century-old automotive industry. Several countries have set ambitious green-energy targets in a bid to reduce their reliance on fossil fuels and cut down carbon emissions, and electric vehicles are at the forefront of these noble efforts. How these countries are working to achieve these long-term goals differs greatly, but in only a few short years, China has managed to create a massive electric vehicle sector from scratch that has barely any equals. How has China achieved this feat in barely a decade? By pouring billions of…

TuesdayJun 08, 2021 9:15 am

2021 Expectations Rise for Ideanomics Inc. (NASDAQ: IDEX) as Electric Vehicle and FinTech Products Show Gains

ROTH Capital’s analyst recently delivered an outlook for revenues of $129 million in 2021, an increase of 119 percent for Ideanomics The company reported revenues of $32.7 million with a gross profit margin of 33.1 percent for the first quarter, boosted largely by its recently acquired fintech subsidiary Timios Holdings A covering analyst’s recent forecast for significant improvement in Ideanomics’ (NASDAQ: IDEX) sustainable energy business outlook, as well as other positive market indicators, appear to portend optimism for the company’s approach to concerns about energy consumption and global living standards. The forecast is for revenues of $129 million this year,…

MondayJun 07, 2021 3:17 pm

Five Innovators Working to Deepen Sustainability in EV sector

Despite being just over a decade old, the electric vehicle (“EV”) sector is poised to completely shake up the century-old automotive industry. Runaway climate change and global warming have shown just how much damage humanity has and continues to inflict on this blue rock we call home, and a large portion of the world has decided to switch gears. Zero-emission electric vehicles have emerged as the best solution, with the International Energy Agency forecasting that we will need around 245 million EVs on roads across the world by 2030 if we wish to meet climate change targets and reduce air…

FridayJun 04, 2021 11:45 am

Ofgem Data Predicts 6.5M UK Households Will Buy EVs by 2030

In a bid to reduce its reliance on fossil fuels and cut down on carbon emissions from the transportation sector, the United Kingdom will prohibit the sale of new petrol and diesel cars by 2030. The ban had initially been set for 2040, but under Prime Minister Borris Johnson's new green plan, the ban was moved up to 2030, with car manufacturers being allowed to sell hybrid vehicles until 2035. With the ban on fossil fuel-powered vehicles fast approaching, new research has found out that one in four UK households plan on buying an electric vehicle (“EV”) within the next…

ThursdayJun 03, 2021 2:24 pm

Kia to Introduce EV That Needs Only 20 Minutes to Charge

After more than a century, it seems that the age of the internal combustion engine is drawing to a close. Several countries around the world have pledged to replace their fleets with zero-emission electric vehicles (“EV”) over the next two decades, making significant investments in EV technology and public charging infrastructure. However, relatively long charge times coupled with range anxiety still remain a hindrance to widespread EV adoption, and South Korean automaker Kia has unveiled a new electric vehicle that cuts down charging times down to a mere 20 minutes. The 2022 Kia EV6, which is the South Korean-based company's…

WednesdayJun 02, 2021 2:37 pm

Lamborghini Joins Race to Build Luxury EVs

In the wake of new emissions standards designed to reduce reliance on fossil fuels and cut down global carbon emissions, several automakers are scrambling to electrify their fleets. Electric vehicles (“EVs”) have been touted as the next frontier of vehicular travel, pushing legacy automakers and even luxury car makers into the young but swiftly growing electric vehicle industry. Italian luxury automaker Lamborghini has now thrown its hat into the fray, announcing on May 18 that it will release its first completely electric offering by the end of the decade. Lamborghini announced that by the year 2024, all of its models,…

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