NewsRoom Articles - Page 109 of 122

MondayDec 07, 2020 2:30 pm

Proposed EV Tax in Australian State Could Jeopardize EV Adoption

Australia hasn’t made a lot of progress towards electrifying its roads. While countries such as the UK, France and Germany have set clear targets for banning the sale of new internal combustion engine (“ICE”) vehicles, Australia’s climate politics has been described by some as “broken.” The country currently has a paltry 20,000 electric vehicles on the road, and only 0.6% of new cars sold in the country are electric. Now the state of Victoria is planning to introduce a road user tax for electric vehicles (“EVs”) that has the potential to cripple the EV industry before it even takes off.…

MondayDec 07, 2020 1:01 pm

Net Element Inc. (NASDAQ: NETE) Releases Q3 2020 Financial Results Showing Improved Revenues Despite Continued Shutdowns

NETE results include year-over-year increases in revenue and transaction volume 45% of NETE clients in restaurant business, management expects rebound once states reopen NETE plans to divest payments processing model to enter EV industry through reverse-merger with privately-held Mullen Technologies Inc. Net Element (NASDAQ: NETE), a global financial technology and payments processing company, recently posted its Q3 2020 results showing improved revenues despite continued shutdowns in NY and California. The value-added solutions group supports electronic payments acceptance in an omni-channel environment that spans point-of-sale, e-commerce applications and mobile devices for small to medium enterprises in the U.S. and selected emerging…

FridayDec 04, 2020 2:00 pm

New Feature Could Further Ease Using an Electric Vehicle

Although the electric vehicle (“EV”) industry is relatively new, it is poised to take over our roads in the not-so-distant future. Several countries have pledged to ban the sale of new internal combustion engine vehicles over the next couple of decades, with European countries such as Norway and the Netherlands announcing the most ambitious plans. However, EV adoption is still far from universal, with drivers stating that high costs and uncertainty about charging and range prevent them from switching to EVs. However, thanks to a new charging standard developed by SAE International, previously the Society of Automotive Engineers, owning an…

FridayDec 04, 2020 10:45 am

Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Investee Company, PowerTap, Hires NASA-Based Firm to Engineer Hydrogen Production Unit

PowerTap Hydrogen Fueling Corp. (“PowerTap”) engages services of NASA-based hydrogen engineering firm, Cryotek Hydrogen fuel cell vehicle market forecasted for CAGR of 66.9% from 2019 to 2026 and projected to reach $42 billion by 2026, according to Allied Market Research (https://ibn.fm/ejitO) PowerTap plans to install an initial 500 hydrogen filling stations in California and an additional 500 hydrogen filling stations over next three to five years in other parts of the USA. Clean energy expert Greg Nuttall appointed to the PowerTap advisory board. The announcement by Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) that its investee company, PowerTap,…

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…

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