NewsRoom Articles - Page 12 of 124

ThursdayJan 30, 2025 10:00 am

The EV Repair Industry Could Reach $169.6bn by 2034

Electric vehicle repair has the potential to become a multi-billion dollar industry over the next decade. Projections show that the global EV repair service market will experience a compound annual growth rate (CAGR) of 16.7% between 2024 and 2034, with its valuation increasing from $36.2 billion last year to $169.6 billion in 2034. EV repair services are becoming more and more essential as electric vehicle ownership increases in major markets like the U.S., the European Union, and China. Although EVs have fewer moving parts compared to internal combustion engine (ICE) cars, they still require repair and maintenance. However, the difference…

TuesdayJan 28, 2025 10:00 am

Study Finds That the Lifespan of EVs in the UK Equals That of ICE Vehicles

A recent analysis of data from the United Kingdom (UK) Ministry of Transport (MOT) has revealed that electric vehicles in the UK have a similar lifespan to internal combustion engine (ICE) cars. The international research team discovered this similarity after studying 300m MOT records to determine failure rates for petrol and diesel cars as well as new energy cars like battery electric vehicles (BEVs). Published last week in the journal Nature Energy, the peer-reviewed study indicated that electric vehicle reliability has improved rapidly enough for electric cars in the UK to last just as long as their diesel and petrol-powered…

FridayJan 24, 2025 10:05 am

Trump Issues Executive Order Undoing Biden’s EV Policies

President Donald Trump has signed an executive order undoing former President Joe Biden’s electric vehicle policies. Trump has also indicated that he intends to roll back the previous administration’s tailpipe emission standards, a move that will undoubtedly increase greenhouse gas emissions in the U.S. and hamper the country’s efforts to combat climate change. The GOP President has been a vocal critic of the Biden administration’s investments in clean energy and electric cars. Even with the endorsement of Tesla CEO and billionaire Elon Musk, President Trump vowed to eliminate the $7,500 EV tax incentive and reclaim all unspent funds that had…

ThursdayJan 23, 2025 10:00 am

New EV Using Solar Can Go for 40 Miles Every Day

California-based electric vehicle startup Aptera has unveiled a solar-powered battery electric vehicle (BEV) that can travel 40 miles per day using solar energy alone and is 50% more efficient than electric vehicle giant Tesla. Aptera first hit the news with prototypes that featured a 3-wheel design and incorporated solar panels to supplement the onboard batteries. The recently-revealed Aptera Launch Edition EV has 400 miles of range and can use solar energy to provide an extra 40 miles of range per day, providing drivers who have short commutes with a vehicle that could theoretically go for weeks without having to be…

FridayJan 17, 2025 10:00 am

Global EV Sales Jump 25% in 2024, Setting New Record

Data from research firm Rho Motion has revealed that global battery electric vehicle (BEVs) and hybrid sales increased by 25% in 2024. Four consecutive months of record EV sales brought total EV sales to more than 17 million units as Europe’s electric vehicle sector stabilized and China’s industry kept expanding. Emission targets and incentives were especially effective at pushing electric vehicle sales in China, undoubtedly the largest electric vehicle market on the globe, and helped Britain surpass Germany as the largest BEV market in Europe in 2024. According to Rho Motion, battery electric vehicle sales grew by 25.6% year-on-year globally…

ThursdayJan 16, 2025 10:00 am

EV Makers’ Forecasts Clouded as “Trump Effect” Brings Uncertainty to the Industry

With President-elect Donald Trump set to assume office in a few days, electric vehicle makers are getting increasingly apprehensive about their future. Unlike President Biden, Trump is staunchly opposed to climate action and has vowed to eliminate the $7,500 federal tax subsidy that has facilitated tens of thousands of EV purchases over the past half-decade. Although some pundits say that a second Trump administration may not be as harmful to the green transition as many fear, uncertainty about policy changes has clouded the auto industry’s forecasts for 2025. After suffering several months of low demand and depressed sales, many automakers…

TuesdayJan 14, 2025 10:00 am

EV Battery Life Could Be Significantly Prolonged by Single-Crystal Electrodes

Electric vehicle manufacturers could increase vehicle range significantly by replacing the traditional lithium-ion battery with ‘single-crystal electrode’ batteries. New research has revealed that electric vehicle batteries equipped with single-crystal electrodes could travel for ‘millions of miles’ and potentially outlast other vehicle parts. Battery electric vehicles (BEVs) are slated to replace traditional internal combustion engine (ICE) vehicles as the world transitions to renewable energy. They are still a work in progress, however, and current EV batteries struggle to compete with the combustion engine in terms of range. As a result, automakers are constantly working to increase EV battery capacity and develop…

FridayJan 10, 2025 10:00 am

Hyundai In, VW Out as America Changes its Electric Vehicle Tax Credit List

Volkswagen electric vehicles no longer have access to tax credits in the U.S. after the U.S. Department of Energy updated the list of eligible EVs. On the other hand, EVs manufactured by South Korea’s Hyundai Group, as well as the Tesla Cybertruck, joined the list and can be purchased with a subsidy. Electric vehicle prices have been the primary barrier to EV adoption since the Tesla Roadster was first unveiled a decade and a half ago. As a result, several governments worldwide have deployed subsidies and incentives to make electric cars more affordable to average consumers and spur electric vehicle…

TuesdayJan 07, 2025 10:00 am

VW Leak Compromises the Location Data of 800,000 EVs

A recent report from a German news magazine has revealed a massive Volkswagen leak that left the data of 800,000 electric vehicles exposed for several months. According to Der Spiegel, the months-long data leak exposed the phone numbers, email, and even physical addresses of some drivers. The leak raises questions about the safety of consumer data that companies have been collecting in increasing amounts over the past few years. Der Spiegel was first notified of the data leak by a whistleblower and the Chaos Computer Club, Europe's largest association of hackers. The German news magazine says the data leak occurred…

FridayJan 03, 2025 10:00 am

Why the US Should Retain the Federal EV Tax Credit

President-elect D. Trump's second administration could have major repercussions for America's nascent battery electric vehicle (BEVs) industry. The incoming president has made his disdain for Biden's EV-related investments clear, and his administration is set to get rid of the $7,500 federal tax credit for EV purchases. The credit has been a godsend for both consumers and automakers by making electric cars more affordable for buyers and helping carmakers sell their often pricey electric cars. However, Trump is opposed to all things related to green energy, BEVs included, and has vowed to reverse all of the outgoing administration's EV policies once…

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