NewsRoom Articles - Page 109 of 131

ThursdayApr 01, 2021 2:45 pm

Chuck Schumer Pushes for Fossil Fuel Vehicles to Be Replaced by EVs

With the Democrats controlling the House, Senate and White House, the electric vehicle (“EV”) industry will have all the legislative support it needs to grow. Shortly after he assumed office, President Joe Biden announced a plan to build 500,000 public EV charging stations over the next ten years, pledging his support towards electrifying America’s roads. Now, Senate Majority Leader Chuck Schumer says he plans to include a proposal that would compensate every American who swaps their gas-powered vehicle for an electric one in a massive infrastructure bill. Now that the government has signed the $1.9 trillion coronavirus relief bill into…

ThursdayApr 01, 2021 1:22 pm

Ideanomics, Inc. (NASDAQ: IDEX) Enters 2021 with Optimism Over Improving EV Market, Battery Outlook

Ideanomics is a New York-based global company driving the adoption of commercial electric vehicles CEO, Alf Poor noted at a conference last week that commercial EV adoption is advancing and that the char4ging infrastructure market is expected to grow at a CAGR of 33.4 percent between now and 2028 The U.S. Department of Energy has also declared that developing solutions for better and more cost-accessible EV batteries is a critical element of its mission As the electric vehicle market ramps up worldwide, EV owners are pushing for higher performance from the batteries that power their vehicles, which analysts in turn…

WednesdayMar 31, 2021 2:30 pm

Report Predicts More Than a Million EVs Will Be Sold in Europe in 2021

Despite its relative youth, the electric vehicle (“EV”) industry has made a lot of progress, especially in Europe. Several European countries have pledged to phase out internal combustion engine (“ICE”) vehicles in exchange for zero-emission electric vehicles over the next few decades, with Norway leading in terms of EV market share (54%). According to automotive industry analyst Schmidt Automotive Research, 2021 may be a good year for battery electric vehicles (“BEV”), with EV sales in Western Europe, which includes Britain, Germany, Norway, Italy, Spain, and France, projected to surpass more than a million units. Sales will slow as the world…

TuesdayMar 30, 2021 2:00 pm

UK Government Reduces Electric Vehicle Subsidies, Angering Advocates

Over the past few years, several countries have set targets for phasing out conventional gas-powered vehicles in exchange for electric vehicles (“EVs”) as they strive to cut and ultimately eliminate carbon emissions. The UK had initially planned to ban the sale of new internal combustion engine vehicles by 2035, but last year, the government moved the plan to 2030. Although some questioned whether the country would be able to handle such a massive transition within just ten years, the move was praised by environmentalists and green energy groups. Unfortunately for future EV drivers in the country, those drivers will have…

MondayMar 29, 2021 2:37 pm

Three Technologies That Could Unlock the Potential of the EV Industry

The age of the internal combustion engine is drawing to a close. In a bid to cut carbon emissions, several countries across the world are planning to phase out conventional gas-powered cars and replace them with zero-emission electric vehicles. Powered by rechargeable lithium-ion battery packs, electric vehicles (“EVs”) produce zero emissions at the tailpipe, making them the perfect vehicle for a green economy. However, for EVs to truly achieve widespread adoption, power grids around the world will need a massive upgrade. According to an estimate by the New York Times, America may need to generate up to 25% more electricity…

FridayMar 26, 2021 12:00 pm

The Next Netflix? You Can Now Subscribe Monthly for an EV in London

Electric vehicles have seen increased demand in the past few years as governments around the world strive to eliminate carbon emissions and reduce their reliance on fossil fuels. Powered by a rechargeable battery pack, electric vehicles (“EVs”) run on clean energy and produce zero emissions at the tailpipe, making them the perfect driver for a carbon-neutral economy. However, EVs make a small percentage of new cars sold primarily due to the high upfront costs associated with purchasing a new energy vehicle. Thanks to a novel subscription service in the United Kingdom, drivers will be able to try out an electric…

ThursdayMar 25, 2021 3:30 pm

Forecast Shows EV Market Share Will Double in 2021

Barely more than a decade old, the electric vehicle (“EV”) industry is poised to disrupt the century-old automotive sector. Powered by rechargeable lithium-ion battery packs, electric vehicles are poised to replace conventional gas-powered vehicles and take over the roads over the next few decades. Although several governments have committed to electrifying their roads, electric vehicles still make a very small percentage of new cars sold across the world. According to new data provided by forecasting company IHS Markit, 2021 may be a pretty good year for new energy vehicles. At the moment, electric vehicles make up just 1.8% of new…

WednesdayMar 24, 2021 12:30 pm

Volkswagen to Ramp Up Battery Production to Win EV Market War

In a bid to get ahead in the battle to command the biggest share of the market for electric vehicles (“EVs”), German carmaker Volkswagen has revealed a massive plan to expand its production of batteries. On Monday, the company revealed that it was going to construct half a dozen gigafactories within the European region. By 2030, these gigafactories should have the production capacity to churn out a total of 240GWh each year. According to a spokesperson of the company, such capacity is sufficient to provide batteries for 4 million units of Volkswagen ID.3 vehicles. One of the first of these…

TuesdayMar 23, 2021 3:00 pm

Chinese EV Makers Gain Nearly $14 Billion in Value as Stocks Surge

The relatively young electric vehicle industry has seen massive gains in the past few years as the world at large moves towards zero-emission vehicles and green, renewable energy. While American electric car (“EV”) company Tesla has seen its stock price surge over the course of 2020 and 2021, making it the most valuable car company in the world, Chinese EV makers have been right behind. Just last week, a surge in their stock prices added a cumulative $13.65 billion in value to China-based EV companies that are listed on Wall Street. The increase in stock price is part of an…

MondayMar 22, 2021 10:15 am

Analysis Shows ICE Vehicles Are Many Times More Wasteful than EVs

In a bid to arrest carbon emissions and reduce their impact on the environment, several countries around the world have pledged to phase out conventional gas-powered cars for electric vehicles (“EVs”) over the next few decades. Powered by rechargeable lithium-ion battery packs instead of an internal combustion engine, EVs produce zero emissions at the tailpipe, making them the perfect vehicle for the eco-friendly driver. All indications are that EVs are a much cleaner and sustainable transport option compared to burning fossil fuels, despite the technology’s relatively young age. In fact, a new study by Transport & Environment (T&E), a Brussels-based…

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