NewsRoom Articles - Page 108 of 126

WednesdayFeb 10, 2021 3:00 pm

EV Makers Jostle for Space in Chinese ‘Experience’ Stores to Lure Buyers

With electric vehicle (“EV”) makers, established automotive firms and battery companies compete to capture a piece of the young but swiftly growing EV market, China has emerged as the place to be. Chinese consumers are ditching their internal-combustion-engine (“ICE”) cars for electric vehicles at an unprecedented rate, turning mainland China into the largest EV market on the globe. To lure even more buyers, China-based companies such as NIO Inc. (NYSE: NIO) and Xpeng Motors, international brands such as Genesis and Mercedes, and market leader Tesla have all opened numerous “experience stores” in prime retail establishments. Designed to market the benefits…

TuesdayFeb 09, 2021 3:30 pm

Google Maps Tweaks Functionality with EV Drivers in Mind

When you’re driving a conventional internal combustion engine (“ICE”) car, going for a long drive or even taking an interstate road trip isn’t a hassle. All you have to do is plan a route to your destination, and you’re ready to hit the road. But for EV drivers, things get a little complicated. Although electric vehicles produce minimal emissions and are cheaper to fuel and maintain over their lifetimes, finding a reliable public charger while on the road can be quite a hassle. Range anxiety, or the fear of running out of juice without a charging station in sight, has…

MondayFeb 08, 2021 2:15 pm

Could EV Charging Be an Untapped Business Opportunity?

The electric vehicle (“EV”) industry is projected to grow exponentially over the next few decades as countries, states and cities strive to reduce carbon emissions and meet climate goals. Electric cars accounted for 2.6% of global car sales in 2019, and although authorities have introduced a variety of policies to make EVs more affordable and push EV adoption, charging has been a major thorn in the young industry’s side. This can partly be attributed to the fact that companies don’t generally look at EV charging as a business and, consequently, don’t invest much into public EV charging infrastructure. Gas stations,…

FridayFeb 05, 2021 2:45 pm

Danish Researchers Aim to Develop Next-Gen EV Battery

Although electric vehicles (“EVs”) are poised to replace internal combustion engine (“ICE”) vehicles over the next few decades, they currently account for a small fraction of global car sales. One issue that has consistently stood in the way of widespread EV adoption is recharging times, with EV batteries taking much longer to recharge compared to refueling ICE vehicles. For most countries to achieve their EV adoption and climate goals, battery companies and EV makers would have to design electric vehicle batteries that can recharge in an incredibly short time without sustaining any damage. Danish researchers from Aarhus University are working…

FridayFeb 05, 2021 11:09 am

PowerTap, an Investee Company of Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF), Inks Hydrogen Fuel Deal with Andretti Group

California-based PowerTap Hydrogen Fueling Corp. has signed a definitive agreement with the companies collectively comprising the Andretti Group to locate PowerTap’s hydrogen station technology at select Andretti properties The Andretti Group will further help market PowerTap’s technology to third-party chain retailers, major oil companies and independent stations through the Andrettis’ deep network of automotive industry connections Clean Power Capital Corp., based in British Columbia, Canada, is a major investor in PowerTap, holding 90 percent equity interest as part of its mission to help build holdings in the health and renewable energy industries Clean Power announced in December that its appearance…

ThursdayFeb 04, 2021 12:15 pm

AI Could Help Find EV Charging Infrastructure Gaps by Reading User Reviews

Plenty of drivers would like to switch to electric vehicles (“EVs”) because they produce zero emissions at the tailpipe and are generally cheaper to maintain and fuel over the lifetime of the vehicle. However, the current network of public charging stations doesn’t inspire much confidence in prospective EV drivers, with most drivers being wary of running out of charge without a charging station in sight. The fact that most of the charging stations are largely run by independent entities with no connection to each other and that don’t share data makes it difficult to build a reliable network of charging…

TuesdayFeb 02, 2021 3:15 pm

Factory Produces EV Batteries That Can Be Fully Charged in Five Minutes

The journey toward electrifying the roads is well underway, but one major issue that has consistently stood in the way of widespread electric vehicle (“EV”) adoption is charging. Not only is the current network of public-charging stations barely enough to support the increasing numbers of electric vehicles, but recharging an EV takes much longer than refueling a petrol or diesel vehicle. To solve this problem, EV makers, automakers and battery companies have been working on fast-charging technology that can recharge a battery in as little as 10 minutes without damaging it. StoreDot, an Israeli lithium-ion battery company has developed lithium-ion…

MondayFeb 01, 2021 3:45 pm

President Biden’s Order on Purchasing EVs to Boost Sector

On Jan. 25, 2021, U.S. President Joe Biden signed an executive order dubbed Buy America. This order establishes new guidelines to be followed while the government spends its allotted budget for purchasing goods and services. In that executive order, President Biden directed that the entire government fleet should be replaced with electric vehicles, a move that could see an additional 645,000 EVs added onto U.S. roads. This would translate to a 40% increase of electric vehicles that are currently in use within the country. The executive order was scant on details regarding how the replacement of the fleet would be…

FridayJan 29, 2021 1:30 pm

Microsoft Corp. (NASDAQ: MSFT) Acquires Stake in Self-Driving EV Venture

The electric vehicle (“EV”) sector is one of the hottest industries right now — and for good reason. Everyone wants a piece of the electric action, from EV start-ups and veteran automakers to companies that didn’t even dabble in the auto industry in the first place. Tesla may currently be at the top of the EV game, but it will have to contend with several players battling to secure a share of the young EV industry as time passes. Microsoft Corp. (NASDAQ: MSFT), a company primarily known for developing, manufacturing, licensing and selling computer software, electronics and personal computers, has…

ThursdayJan 28, 2021 3:00 pm

EVgo Plans to Go Public as Demand for EV Charging Services Skyrockets

Despite the devastating effects of the coronavirus pandemic, 2020 turned out to be a great year for electric vehicles (“EVs”). By the end of the year, global EV sales had reached 3.24 million units, with electric vehicles accounting for 4.2% of the global market share. An increasing number of people are aware of the benefits of switching to EVs and are willing to deal with the costs of going green. However, for such a mass move to electric vehicles to be successful, the current number of EV charging stations will have to multiply by a large factor to support an…

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