NewsRoom Articles - Page 107 of 120

ThursdayDec 03, 2020 3:00 pm

Climate Change Group Calls for Ending PHEV Subsidies

Electric vehicles (“EVs”) are poised to take over the roads over the next two decades. As the effects of human-induced climate change have become more apparent, several governments have revealed plans to replace internal-combustion engine vehicles with zero-emission battery electric vehicles. For the longest time, plug-in hybrid cars (“PHEVs”) were thought to be the gap between conventional vehicles and EVs. Powered by both an internal combustion engine and an electric motor coupled with a rechargeable battery, these vehicles would allow consumers to gradually switch to zero-emission vehicles. However, it has recently come to light that PHEVs may not be as…

WednesdayDec 02, 2020 3:25 pm

Sector Players Say UK Needs Huge Effort to Transition to EVs

With the world moving towards electrification, several countries have revealed their plans to electrify their roads over the next two decades. The UK was originally poised to ban the sale of new internal combustion engine (“ICE”) vehicles by 2040, but the government pushed the ban to 2030. The ambitious goal, which is part of the UK’s plan to become a net-zero economy by 2050, puts the UK ahead of countries such as France which plans to ban ICE vehicles in 2040 and in line with the Netherlands, Germany, and Ireland. To help achieve this goal, the government has pledged to…

WednesdayDec 02, 2020 10:30 am

Net Element (NETE) Buoyed by Investor Interest Within EV Sector as Tesla Gets Included in S&P500

Tesla recently illustrated the enthusiasm surrounding the EV sector by becoming the newest entrant to the S&P500 equity index Investor interest in the sector has spilled over to Net Element, with one the world’s largest asset managers, Renaissance Technologies taking a 3.2% stake in the company in the third quarter A future combined Net Element-Mullen Technologies plans to begin marketing its initial vehicle model, the Dragonfly K50 in 2Q2021. Late in the day on November 16, Tesla (NASDAQ: TSLA) was named for inclusion in the S&P500 index, making it both the first electric vehicle manufacturer to form part of the…

TuesdayDec 01, 2020 3:15 pm

Passengers in California Can Now Pay to Use Robotaxis

The past decade has seen great advancements in automobile technology. Tesla showed that electric vehicles were a viable transportation option, and in the decade since the firm launched its first electric vehicle (“EV”), the industry has come a long way. Now, we aren’t just talking about electric vehicles, we are also seeing firms develop autonomous, self-driving vehicles. And thanks to two new programs approved by the California Public Utilities Commission (“CPUC”), people in California will soon be able to ride in a self-driving “robotaxi.” For quite a while, the Sunshine state has been familiar with self-driving vehicles, with the CPUC…

MondayNov 30, 2020 3:15 pm

Milan Orders 100 Additional Electric Buses

The future of transportation is electric. The past decade has seen increased interest in electric vehicles (“EVs”), which run on clean energy and produce no emissions at the tail (exhaust) pipe. This increased interest has culminated in initiatives by several governments to replace fossil-fuel vehicles with EVs. Although we are still a long way from widespread EV use, partly due to the high initial cost of purchasing an EV, several cities have already started electrifying their taxi and bus fleets to cut down on emissions. In Milan, for instance, efforts to electrify the fleet of buses are already underway. Municipal…

MondayNov 30, 2020 2:24 pm

As World Transitions away from Gas Guzzlers, Net Element Inc. (NASDAQ: NETE) Entering EV Market Through Mullen Technologies Merger

NETE plans to divest payments processing model to enter EV industry through proposed merger with privately-held Mullen Technologies Inc. Merger allows Mullen stakeholders to obtain majority of stock while accelerating process of taking company public, funding US expansion Mullen accepting reservations for Dragonfly K50 sports car and MX-05 SUV, production for both projected to start in 2021 California-based Mullen subsidiaries include Mullen Energy, Mullen Auto Sales, Mullen Finance Corp., CarHub digital marketplace Future generations may look back and wonder how humanity withstood the exhaust fumes, noise and environmental degradation created by fossil fuel engines. The downsides of combustible engines, rising…

WednesdayNov 25, 2020 2:00 pm

EV Manufacturers Join Forces to Advocate for Switch to Electric Vehicles

The past few years have seen increased interest in electric vehicles (“EVs”), especially as we become more aware of the effects of global warming and the role humans have played in heating up the planet. Transportation accounts for more than 24% of global carbon emissions, and several governments have announced initiatives designed to increase EV adoption over the next two decades and fully electrify our roads. For instance, in Europe, the UK, France, and Germany, and have set timelines for the ban of new fossil fuel vehicles; stateside, California has followed suit. A group of companies in the electric vehicle…

TuesdayNov 24, 2020 3:15 pm

Research Finds That Only 8% of Brits Are Ready to Buy EVs

In a bid to reduce carbon emissions and the impact they have on the planet, several developed countries have announced plans to phase out internal combustion engine (“ICE”) automobiles in favor of electric vehicles (“EVs”) during the next decade or so. The UK has what is perhaps the most ambitious plan of all: to ban the sale of new fossil fuel vehicles by 2030 to help electrify roads across Britain. This would require automakers to stop selling new petrol and diesel cars and vans by 2030, allowing the sale of hybrid cars and vans that produce minimal emissions from their…

MondayNov 23, 2020 3:03 pm

Net Element Inc. (NASDAQ: NETE) Set to Benefit as China, U.S. Gear up to Promote Electric Vehicle Sales

China’s government has set out its next 5-year plan, highlighting promotion of electric vehicles as key tenet underpinning their environmental policies Net Element’s reverse merger with EV manufacturer Mullen Technologies is expected to close by 4Q2020, with Net Element expected to divest its legacy payments business following the deal Company aims to begin selling K50 Dragonfly sportscar by 2Q2021, recently began pre-sales for its wholly self-developed EV SUV, the Mullen MX-05 US has followed in China’s footsteps, with Presidential candidate Joe Biden encouraging mass EV adoption as key policy initiative Net Element (NASDAQ: NETE), a financial technology company in the…

MondayNov 23, 2020 2:15 pm

Switching to EVs Triggers Burst of Innovation in Manufacturing

In a bid to reduce carbon emissions and conserve the environment, several developed countries have pledged to phase out internal combustion engines for electric vehicles over the next decades. Powered by clean renewable energy and emitting zero emissions at the tailpipe, electric vehicles (“EVs”) are the perfect vehicle for a net-zero economy. Like the internet in the late ‘90s and early 2000s, EVs have completely disrupted the automotive industry, forcing players across the supply chain to either adapt with the times or be left behind. For instance, the emergence of EVs has seen a rise in the use of “skateboard”…

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