NewsRoom Articles - Page 114 of 124

MondayNov 02, 2020 9:00 am

Uber Technologies Inc. (NYSE: UBER) Commits $6.5 Million to Building EV Charging Stations in London

The UK is one of numerous countries that have pledged to phase out internal combustion-powered vehicles in favor of electric vehicles (“EVs”). In summer 2019, then Prime Minister Theresa May signed into law the groundbreaking target of achieving net-zero carbon emissions by 2050. However, one factor that has consistently stood in the way of widespread EV adoption, especially in the less-affluent boroughs of London, is poor charging infrastructure. To help combat this, global ride-hailing giant Uber Technologies (NYSE: UBER) has pledged to invest more than £5m in public, electric-vehicle charging infrastructure. Uber’s analysis shows that the concentration of public EV…

FridayOct 30, 2020 3:15 pm

Why Nickel Is Unsung Hero in EV Batteries

Battery-powered electric vehicles (“EVs") are slowly but surely becoming the dominant force on the roads. EVs run on clean energy and produce minimal emissions, making them the perfect vehicle for a net-zero economy. Most, if not all, battery electric vehicles use lithium-ion or li-ion batteries. In fact, most consumer electronics, as well as home solar storage solutions, also use lithium-ion batteries. However, not many people know that nickel plays a role in the production and operation of such batteries. The first Toyota Prius hit the market back in the mid-1990s, partly powered by a nickel-metal hydride (NiMH) battery. Long used…

ThursdayOct 29, 2020 2:38 pm

ev Transportation Services Inc. Is ‘One to Watch’

evTS provides a versatile, purpose built, all-electric light duty utility vehicle, the Firefly ESV, that can be customized for various service industry applications Its durable modular design, agility and long-lasting battery make it an ideal vehicle for a wide range of tasks and operations in sectors such as parking enforcement, security, building maintenance, last-mile urban delivery and more The 2021 FireFly ESV model has been updated with enhanced features, including the proprietary evTS Connected Vehicle System ADOMANI Inc., a provider of zero-emission electric vehicles, signed a letter of intent earlier in 2020 to purchase and distribute the FireFly ESV The…

ThursdayOct 29, 2020 2:30 pm

The Benefits, Drawbacks of Buying Used Electric Vehicles

With the electric vehicle (“EV”) industry growing older, customers who would like to reduce their carbon footprints now have the option of buying a used electric vehicle. Because these vehicles cost less to run and maintain, they tend to have more value for money than conventional used cars. But before you make any purchases, check out these pros and cons to help you decide whether a used EV is the best choice for you. Let’s start with the pros. They are cheap. Vehicles start to lose their value the moment they hit the road, and that is even more so…

WednesdayOct 28, 2020 3:15 pm

Driving Speed Could Affect Fuel Economy, EV Range

Electrical vehicles are poised to take over our roads over the next two decades. They are powered by clean, renewable energy, and they produce minimal emissions, making them the perfect vehicle for drivers who are conscious of their carbon footprint. Such drivers will be happy to know that research has found that every car, even electric vehicles, have an optimal speed range that results in minimum energy consumption as well as increased cost savings and reduced emissions. According to “The Conversation,” fuel consumption rises from about 80km/h, partly because air resistance increases. “But speed is only one factor. No matter…

TuesdayOct 27, 2020 1:44 pm

EV Battery Makers Need to Consider Recycling Needs to Avert Waste Crisis

With global warming on the rise, considerable interest has been showsn in switching to green, renewable energy. Battery-powered vehicles have emerged as the perfect replacement for fossil-fuel-powered vehicles. These vehicles are powered by rechargeable batteries and produce minimal emissions, making them the perfect vehicle for a net-zero economy. However, as more and more lithium-ion, battery-powered vehicles are produced, the chance of creating a major waste crisis down the line increases. Aside from battery EVs, everything from mobile phones and laptops to watches and other consumer devices are also powered by batteries. So when these devices finally reach the end of…

MondayOct 26, 2020 11:49 am

LeasePlan Urges Customers to Lease Fully Electric Vehicles Not PHEVs

Powered by clean energy, electric vehicles (EVs) produce minimal emissions, and they are poised to take over the roads over the next decade. Although the zero-emissions vehicle movement began with both battery electric vehicles and plug-in hybrids (PHEVs), over the years it has become apparent that EVs are the better option. Plug-in hybrids, which are fuel-powered cars outfitted with a small battery, are a less-energy-efficient, less-clean option, and car leasing company LeasePlan agrees. Recently, LeasePlan sent out an email advising its clients in the Netherlands not to choose a PHEV as their next vehicle. With more than 1.9 million cars…

FridayOct 23, 2020 3:40 pm

EV Makers Turn to SPACs for Easier Access to Stock Markets

Since it started selling its all-electric roadster more than a decade ago, Tesla has dominated the electric vehicle (EV) market. The firm has seen exponential growth over the years, eventually gaining a market valuation of more than $300 billion. But while investors have been salivating for Tesla stock for a while now, other EV makers have not been so lucky. In fact, players in the young EV industry have had a relatively hard time securing capital. Take Steve Burns, for instance. Although his company, Lordstown Motors, has already designed an electric truck, acquired a plant and machinery from General Motors,…

FridayOct 23, 2020 2:17 pm

Net Element Inc. (NASDAQ: NETE), Mullen Stand to Benefit from Decreasing EV Manufacturing Costs

Investment bank UBS reports that electric cars will cost the same to make as conventional cars by 2024. Expensive batteries, which account for between a quarter and two-fifths of EV’s cost, have been barrier to production. NETE recently announced entry into EV space through merger with privately held Mullen Technologies Inc. New research from investment bank UBS indicates that electric vehicles (“EVs”) may be as cheap to manufacture as regular models within the next four years (https://ibn.fm/UV8WX). This news bodes well for Net Element Inc. (NASDAQ: NETE), a global financial technology and value-added solutions group that recently announced its planned…

ThursdayOct 22, 2020 10:12 am

Hydrogen Cars Unlikely to Eclipse Electric Vehicles

A century or so after automobiles first began traveling the roads, it has become clear that we need a replacement. While fossil fuel-powered vehicles have helped to advance human industrialization, they are also responsible for one-third of the air pollution in the United States, according to the United States Environmental Protection Agency (EPA). Battery-powered electric vehicles (EVs) as well as hydrogen fuel-cell electric vehicles (FCEVs) have emerged as much cleaner options. But while EVs are poised to take over the roads in the coming decades, FCEVs may have a different fate. Both kinds of vehicles run on renewable energy and…

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