NewsRoom Articles - Page 114 of 120

TuesdaySep 08, 2020 1:35 pm

UK July EV Sales Bring Hope to Automotive Industry

The coronavirus has dealt the world economy a blow it will take years to recover from. With most economies severely slowed down for most of the year, plenty of industries have been affected. While the food service, air travel, and hospitality industries were perhaps the most affected, the automotive industry did not escape unscathed, at least until July. After months of disappointing sales, the UK industry saw 175,000 new registrations in July, an 11% rise from last year. Battery-powered electric vehicles accounted for 4.7% of all new sales in July, and experts expect this trend to continue for the rest…

TuesdaySep 08, 2020 11:25 am

Proposed Merger Between Net Element Inc. (NASDAQ: NETE) and EV Manufacturer Mullen Technologies Offers New Investment Opportunity

EV sales rising despite declining economy due in part to policy initiatives, government incentives EV share prices making triple-digit percentage gains since Q2 2020 NETE divesting payments processing business model, entering EV industry through definitive merger agreement with Mullen Technologies Merger expected to accelerate process of taking Mullen public in addition to catalyzing manufacturing operations in United States While sales of internal combustion vehicles continue to trend downward, electric vehicle (“EV”) sales are holding up - particularly in countries like Germany where EVs are heavily subsidized and central to the country’s economic recovery plan (http://ibn.fm/RqaIF). Investors continue diverting capital into the…

FridaySep 04, 2020 1:45 pm

New EV Crossover Designed to Meet the Needs of Budget Shoppers

One of the biggest obstacles to the widespread adoption of electric vehicles (“EVs”) is price. Even though most developed governments have introduced federal tax relief to make EVs more affordable, they are still too high priced for a large chunk of the population. While automakers like Tesla and BMW seem to be catering to customers from a higher tax bracket, Volkswagen AG (OTC: VWAGY) is committed to making electric vehicles that can be afforded by the average consumer. Volkswagen’s generation of affordable EVs, denoted by names starting with “ID”, allows customers who traditionally wouldn’t have been able to afford an…

ThursdaySep 03, 2020 11:00 am

EV Sector to Consume Nearly 80% of Chilean Lithium Supplies

As electric vehicles have become more mainstream, plenty of governments have laid out plans to phase out combustion-engine vehicles in exchange for EVs over the next decade. Since EVs mainly run on rechargeable lithium-ion batteries, they produce zero emissions and have the potential to reduce our reliance on carbon-based energy by a great degree. As a result, says Chilean Mining agency Cochilco, the electric car industry will dominate demand for lithium over the next ten years. On Wednesday, the mining agency said that electric vehicles will account for more than 79% or three-quarters of lithium by 2030, up from a…

WednesdaySep 02, 2020 3:35 pm

Inadequate Charging Infrastructure Could Stall European EV Sales

Electric vehicles are poised to take over internal combustion-engine vehicles over the next decade in a bid to cut our reliance on carbon-based energy and reduce our impact on the planet. However, one thing that stands against widespread EV adoption, at least in Europe, is inadequate charging infrastructure. Aside from Tesla, most of the electric vehicles sold across Europe have to rely on an inadequate system of different and often broken down charging facilities. While Tesla has its own network of charging stations and a streamlined charging experience, most of the other automakers that produce EVs don’t. “There’s a variety…

TuesdaySep 01, 2020 1:45 pm

Kandi Technologies Group Inc. (NASDAQ: KNDI) Introduces Tiny Electric Car to US Market

Electric cars represent the next frontier of vehicular travel. They run on clean energy, have zero emissions, and are generally easy on the environment. Most developed countries plan to phase out internal combustion-engined vehicles in exchange for electric vehicles over the next decade, but one major hurdle they face is price. In June 2019, the average cost of an EV in the U.S. was $35,742, according to Kelly Blue Book. However, Americans may be able to purchase a new EV for much less after Chinese automaker Kandi Technologies Group Inc. (NASDAQ: KNDI) announced it would be entering the U.S. market…

TuesdaySep 01, 2020 1:36 pm

Net Element Inc. (NASDAQ: NETE) Works to Enhance Shareholder Value, Adapts to COVID-19 Fallout

NETE releases Q2 2020 financial report CEO notes impact of COVID-19 on financial results, points to continued efforts to increase shareholder value as merger approaches Shareholder letter provides clarification on expected number of shares Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, released its financial report for Q2 2020 (http://ibn.fm/d1h9G), the period ended June 30, 2020; NETE also provided more clarifying information about its pending merger with Mullen in an Aug. 19 shareholder letter (http://ibn.fm/W1ahe). In its financial report, NETE noted that, during second quarter 2020, total transaction volume decreased to $717.9 million, as compared to $950.2 million…

MondayAug 31, 2020 12:00 pm

Strategic Reasons to Switch to an Electric Vehicle

Electric cars have come from being unknown and are becoming famous as the days go by. Electric vehicles (“EVs”) are becoming popular in big cities, and it’s high time you started thinking of getting one for yourself. Car manufacturers are also going for something more sustainable and friendly to the environment. Here are some of the reasons why you should switch to an electric vehicle: Affordability is always appealing to most people looking to buy a car. Even if the oil price drops further, charging your electric vehicle is less expensive than fueling petrol and diesel cars. Your EV can…

FridayAug 28, 2020 1:45 pm

Unnecessary EV Range Anxiety

You may have been paralyzed by the fear that your electric car battery may die while you are right “in the middle of nowhere.” The fact is that this is not going to happen to you. There are more charging stations around you, and you should drive without fear of being stuck. You should therefore ensure that your car is charged after cruising some miles. Here is how you can be sure your EV will take you wherever you are going, and back. Charge at Home You should install your own charging station at home to enable you to charge…

ThursdayAug 27, 2020 3:00 pm

Differences Between EV Driving in Europe and the US

Electric vehicles (“EVs”) are soon taking over the transportation industry. However, much still needs to be done for these vehicles to be accommodated into this sector. Furthermore, different countries are taking different strategies to incorporate these vehicles in their transport sectors. Some of the most considerable differences between EV driving in Europe and the U.S. have been highlighted below: If you own an EV in Europe, you will have to carry your own charging cable and plug it in when you need to power your car. The action is opposite in the U.S.; all the charging stations in the U.S.…

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