NewsRoom Articles - Page 109 of 134

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…

MondayMay 10, 2021 1:00 pm

UK Displaces France from Second Place Among Top European Markets for EVs

Months after pushing the deadline for banning the sale of new internal combustion engine vehicles to 2030, the United Kingdom has surpassed France to become Europe's second-biggest electric vehicle (“EV”) market. As the world has started moving away from carbon-emitting fossil fuels, several countries around the world are planning to replace their fossil fuel-powered vehicles with zero-emission electric cars. According to independent automotive industry expert Matthias Schmidt, around 31,800 battery-powered electric vehicles were bought in the United Kingdom over the first quarter of the year. On the other hand, France saw the sale of 30,500 battery electric vehicles (“BEVs”) in…

FridayMay 07, 2021 12:25 pm

How Electric Vehicles Are Going Big on High Tech

The transformations ushered in by electric vehicles aren’t only restricted to what powers the vehicle. EVs are sporting the latest forms of technology to change the interiors of vehicles as we know them, and buyers seem to be warming up to these changes. The leader sets the pace When Tesla Inc. (NASDAQ: TSLA) debuted its Model S, car enthusiasts were wowed by the giant screen inside the vehicle. Since Tesla was first to bring electric vehicles to the mainstream, others now feel compelled to follow the lead of Tesla by featuring a large screen in their offerings. This has started…

ThursdayMay 06, 2021 11:07 am

A Guide to the Types of EVs Available

With governments around the world looking to cut their carbon emissions in a bid to halt runaway global warming, zero-emission electric vehicles (“EVs”) have been touted as the only way the world can rein in emissions produced by the transportation sector. But unlike the automotive industry, which has been around for close to a century, the EV sector is barely a decade old, and its inner workings remain a mystery to most people. So before you start thinking of going green, go through the following guide and acquaint yourself with the different types of EVs on the market. Battery electric…

WednesdayMay 05, 2021 2:56 pm

Dcbel Energy Launches EV Charger That Backs Up Home’s Power

With the increasing popularity of electric vehicles (“EVs”), numerous companies are now developing complementary technology to make electric vehicles even more useful to the consumer. Vehicle-to-grid, or bidirectional charging, is the latest technological breakthrough, giving electric vehicles the ability to both take in and discharge electricity. Last week, Dcbel, an energy company based in Montreal, announced that it was launching an all-in-one energy management unit that could both charge your EV and act as a back-up power source for your home. Dubbed the r16, the energy-management unit will consist of a solar-powered system on the roof to power your home…

WednesdayMay 05, 2021 12:31 pm

Ideanomics Inc. (NASDAQ: IDEX) Should Benefit from Positive Outlooks for Both the EV and Fintech Markets

Projections by various research firms indicate that the electric vehicle (“EV”) and fintech markets will grow through the coming years The EV industry will witness a steady increase in the penetration of EVs in three key markets in which IDEX, through its Ideanomics Mobility division, operates The global fintech industry is projected to grow at a 23.58% CAGR from 2021 to 2025, while the US fintech market is estimated to witness a CAGR of 8.6% from 2019 through to 2024, and the Ideanomics Capital division focuses on fintech solutions A recent electric vehicle (“EV”) market publication by J.P. Morgan (NYSE:…

TuesdayMay 04, 2021 1:53 pm

Study Finds US Can Sell Only EVs by 2035 Due to Industry Advances

After decades of heating up the atmosphere and driving climate change, most of the world has now decided to go green. Transportation accounts for up to 24% of global carbon emissions, and most governments have pledged to replace internal combustion engine vehicles with zero emission electric vehicles (“EVs”) over the next few decades in a bid to reduce their carbon emissions. However, the problem is most EVs on the market are expensive, meaning a large portion of drivers who would like to purchase an EV simply cannot afford to. At current prices, most countries probably won’t be able to reach…

MondayMay 03, 2021 11:46 am

Survey Shows US, EU Residents Open to EVs, But Price Is an Issue

With the effects of human-influenced global warming becoming more apparent, governments around the world are eager to cut their carbon emissions, especially from the transportation sector. In 2016, transport accounted for 24% of global carbon emissions, and as populations increase and more vehicles traverse the roads, carbon emissions from transport are expected to rise. Zero-emission electric vehicles (“EVs”) have been touted as the best way to clean up our roads, but unfortunately, they are still far too expensive for the average driver. According to a new survey, buyers in the United States and Europe are more than willing to buy…

FridayApr 30, 2021 12:15 pm

Ideanomics’ (NASDAQ: IDEX) Treeletrik Subsidiary to Supply 200,000 E-Motorcycles to Indonesia, Setting Stage for Significant Expansion

Treeletrik, Ideanomics’ subsidiary, inked a $274 million three-year deal with two distributors to supply 200,000 e-motorbike units to Indonesia The deal will result in Treeletrik’s expansion, enabling Ideanomics to continue providing its shareholders with high-growth opportunities Indonesia, the third-largest motorcycle market in the world, is a promising market for e-motorbikes, as evidenced by the projected growth at a CAGR of ~21% from 2019 to 2025 The Indonesian electric motorbike market is expected to grow at a CAGR of 20.96% from 2019 to 2025, reaching $816.2 million from $364.4 million (https://ibn.fm/SBUHm) amid clamor around the high vehicular pollution and the need…

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