NewsRoom Articles - Page 105 of 119

TuesdayDec 22, 2020 2:30 pm

Are EV Makers Assuming Too Much Regarding Battery Prices?

Electric vehicles (“EVs”) are poised to replace internal-combustion-engine vehicles over the next couple of decades. EVs run on clean, renewable energy and produce minimal emissions at the tailpipe, but there’s one caveat: they are too expensive for most consumers. Unlike internal-combustion-engine vehicles, EVs are powered by rechargeable lithium-ion batteries that require minerals such as cobalt, nickel, lithium, and manganese to function. These minerals need to be mined, processed and converted into pure chemical compounds before use in batteries — a process that can cost a pretty penny. The consensus has been that, over time, battery prices would fall, making it…

TuesdayDec 22, 2020 11:48 am

Net Element (NASDAQ: NETE) Gets Its Timing Spot-on as Electric Vehicle Industry Logs Record Month

By September 2020, growth rate of electric vehicle market increased to over 11% YoY September 2020 marked record month for the EV industry, as 345,000 electric vehicles were sold globally – accounting for 4.9% of total automotive sales Increase in EV sales due to combination of policy shifts, technological innovations Net Element, through intended merger with privately held Mullen Technologies, expects to begin marketing Dragonfly K50 sports car in United States by Q2 2021 The winds of change are blowing as global warming and climate change-induced catastrophes are waking the world to the imminent need to shift towards green energy…

MondayDec 21, 2020 3:00 pm

Germany to Leapfrog California as Biggest EV Market

The race towards electrifying the roads is on, and for the most part, Europe has been ahead of the pack. Several countries around the globe have set timelines to ban the sale of new internal-combustion-engine (“ICE”) vehicles; most of those countries are in Europe, including France, Germany, Norway, the Netherlands and Denmark, among others. In September, California Gov. Gavin Newsom announced that by 2035, every new car sold in the state would be emission free, a move that could make California one of the largest electric vehicle (“EV”) markets on the globe. Germany, however, is poised to surpass California, home…

FridayDec 18, 2020 4:00 pm

How to Minimize the Cost of Insuring Your Electric Vehicle

The age of electric travel is fast approaching. As the effects of human-caused global warming have become more apparent, several governments have pledged to phase out the sale of new internal-engine (ICE) vehicles to reduce emissions. Electric vehicles (EVs), despite running on clean energy and producing zero emissions at the tail pipe, are quite expensive. And even if you can afford to purchase an EV, you’ll have to contend with insurance costs, which tend to be higher than traditional vehicles. A new report from Self Financial found that, on average, EVs are $442 more expensive to insure, with the average…

ThursdayDec 17, 2020 2:30 pm

Lessons EV Makers Can Learn from Tesla Inc.’s (NASDAQ: TSLA) Success

In the late 2000s, Tesla released the Roadster, a limited-production sports car that paved the way for the electric vehicle (“EV”) industry. More than a decade later, the pioneering EV maker has undoubtedly shifted the automotive industry towards electric vehicles. Several EV start-ups are constantly offering innovative products and large automakers such as General Motors and Volkswagen have started producing electric vehicles. So how has Tesla (NASDAQ: TSLA), a firm that produces super-expensive EVs managed to become the most valuable car company in the world? Despite several governments pushing for the phase out of internal-combustion-engine vehicles in favor of electric…

WednesdayDec 16, 2020 3:15 pm

Colorado Start-up Plans to Shake Up EV Batteries Status

Electric vehicles (“EVs”) are poised to replace internal combustion-engined vehicles over the next few decades. Powered by rechargeable electric batteries, EVs produce zero emissions at the tailpipe and are relatively cheaper to run and maintain over the long run. However, they are still a long way from widespread adoption, a fact that could be attributed to high upfront costs as well as worries about range. A recent survey found that most U.S. consumers are held back by price and the fear of running out of juice between charging stations. According to Doug Campbell, co-founder, and CEO of Solid Power, an…

TuesdayDec 15, 2020 3:00 pm

How Artificial Intelligence Is Accelerating EV Battery Development

Although electric vehicles (“EVs”) are poised to replace internal combustion engine vehicles over the next couple of decades, EV technology is constantly evolving. Unlike conventional vehicles, EVs are powered by rechargeable lithium-ion batteries, and EV makers, as well as battery manufacturers, have been working to improve and refine battery technology. The ultimate goal is to develop an EV battery pack that can provide adequate range and charge rapidly without degrading. Researchers are now turning to artificial intelligence (“AI”) to help accelerate battery development. However, for these battery building AIs to be effective, they need sufficient data, something that is quite…

MondayDec 14, 2020 2:21 pm

Net Element (NASDAQ: NETE) Revenues Improve During COVID Upheaval; Company Prepping for Upcoming Merger

Report notes that NETE is showing surprising business strength despite lockdowns persisting in New York, California Once restrictions are eased, company should rebound sharply Agreement between NETE, Mullen outlines stock-for-stock reverse merger in which Mullen stockholders will receive outstanding stock in post-merger company With its previously announced definitive agreement with Mullen Technologies, a Southern California-based electric vehicle company, still in process, Net Element (NASDAQ: NETE) is valued only on its card-processing business. With 45% of its customers in the restaurant business — a space that has been deeply impacted by COVID-19 — Net Element revenues actually improved sequentially, reported a…

MondayDec 14, 2020 12:45 pm

San Diego Manufacturer Starts Taking Orders for EV That Doesn’t Need Charging

Back in 2011, San Diego automotive startup Aptera announced that it wouldn’t be able to produce any vehicles until it got sufficient funding. The firm had been seeking government funding to accelerate the production of its three-wheeled, eco-friendly prototypes, but it was held back by miles of red tape. Close to a decade later, Aptera is back in the game, offering an innovative electric vehicle that could forever change the fledgling electric vehicle (“EV”) industry. Aptera has announced the introduction of the first solar electric vehicle in the industry that can be recharged with only solar energy; the car has…

FridayDec 11, 2020 2:15 pm

European EV Sales Reach 500,000-Unit Milestone in 2020

The world is slowly working towards fully electrifying its roads, and Europe is leading the charge. Although the continent is behind China in terms of global market share, several European countries have announced plans to ban the sale of new internal combustion engine (“ICE”) vehicles over the next few decades. This year alone, car makers in Europe have sold more than 500,000 battery-powered electric cars, despite the coronavirus pandemic and an historic economic crisis. According to data collated by Schmidt Automotive Research, more than 1 million plug-in cars, including hybrids, were sold in the UK as well as Europe’s 17…

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