NewsRoom Articles - Page 16 of 119

WednesdayJun 26, 2024 10:00 am

Think Tank Says China Invested at Least $230B to Establish EV Industry

Research from a Washington-based think tank has revealed that China invested at least $230 billion into its electric-vehicle industry to “flood the market” with more affordable Chinese-made battery electric vehicles (BEV). The analysis is in line with the European Commission's sentiment on the effect of Beijing’s subsidies on the global BEV industry. Furthermore, the Center for Strategic and International Studies (CSIS) notes that this figure is a “highly conservative estimate” of the funds China has pumped into its EV sector. The east Asian nation’s investment in electric cars dwarfs anything any other country has spent on new energy vehicles over…

MondayJun 24, 2024 10:00 am

China Targets EU Farmers in Response to Tariffs on Chinese EVs

As many experts predicted, China has retaliated against the European Union’s recent decision to levy provisional tariffs on Chinese electric vehicles. The Commerce Ministry in China launched an antidumping investigation into pork exports from Europe this week, a move many pundits believe is in response to the EU’s tariffs on electric cars imported from China. Tensions between China and the EU began last year when the European Commission began investigating the influx of cheap Chinese electric cars into the regional bloc. EU leadership claimed that China had artificially powered electric vehicle prices by pumping billions of dollars’ worth of subsidies…

FridayJun 21, 2024 10:00 am

Used Electric Vehicle Prices Continue Slumping

Secondhand electric vehicle prices have maintained their downward trend several weeks after they first fell; they are now costing customers several thousand dollars less compared to similar vehicles with internal combustion engines. For drivers who were interested in switching to battery electric vehicles (BEVs) but were held back by prices, this represents the best time to finally ditch their fossil-fuel powered vehicles and replace them with BEVs. A recent analysis published by iSeeCars has revealed that with the price difference between the BMW 3 Series and a secondhand Tesla Model 3 shrinking rapidly, the premium that has been associated with…

MondayJun 17, 2024 10:00 am

VW to Offer EV Buyers Solar-Panel Option to Cut Charging Costs

Volkswagen has revealed that it is looking to cut electric-vehicle charging costs by offering solar photovoltaic panels to its customers. The German automaker says drivers who take the solar-panel deal will be able to lower their charging costs by up to 40% by using solar energy to supplement their regular charging. Although charging an electric car typically costs less than fueling an internal combustion engine (ICE) over the long-term, installing a home charger can be quite costly and requires dedicated space that a significant portion of drivers don't have. Furthermore, public EV-charging infrastructure is still too insufficient to support mass…

FridayJun 14, 2024 10:00 am

The EU to Announce Tariffs on Chinese EVs Soon

The European Union (EU) is poised to impose tariffs on electric cars manufactured in China to protect European carmakers from cheap Chinese imports. Experts expect EU leaders to inform China that it will levy taxes on battery electric cars imported from the East Asian nation sometime this week, a move that could potentially start a trade war between the regional bloc and China. Many experts believe that once the EU launches the first shot, China will push back with retaliatory measures that affect European exports ranging from cognac to cheese. The EU first took action against Chinese EVs last year…

ThursdayJun 13, 2024 9:00 am

Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Announces First Dealership Deal in Market Projected to See Record Sales

Bloomberg analyst projects 2024 EV sales in the U.S. at nearly 2 million units, making up 13% of new-car purchases Mullen subsidiary inks first commercial dealership agreement with LaFontaine Automotive Group Bollinger Motors expects to start delivering the Bollinger B4 later this year While some headlines in the past few months make it seem like the electric vehicle market is in trouble, a recent “Car and Driver” article forecasts that EV sales are just getting started. Mullen Automotive (NASDAQ: MULN), an emerging EV manufacturer, appears to support that projection, with the recent announcement that its subsidiary, Bollinger Motors, has entered a distribution…

WednesdayJun 12, 2024 10:00 am

IEA Unveils Online Tool for Comparing ICE Vehicle Lifetime Emissions to EVs

The International Energy Agency (IEA) has launched an online tool to compare lifetime emissions of different vehicles. The interactive tool will allow users to compare the greenhouse-gas emissions of internal combustion engine (ICE) cars, battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) over their entire lifetimes. With this calculator, users will be able to measure greenhouse-gas emissions from the extraction and processing of raw materials to vehicle production, as well as use by customers, granting them an estimate of the direct and indirect emissions created by producing and using different types of cars. It is one of the…

MondayJun 10, 2024 10:00 am

Used EV Sales Surge Despite Dip in New Vehicle Sales

While new electric vehicle sales have been declining for several months amid high interest rates and purchase prices, green-energy proponents could draw some comfort from the fact that consumers are turning to the used-EV market in droves. Thanks to a confluence of factors, including falling prices in the secondhand electric-vehicle market along with tax breaks, used EVs are seeing a resurgence in sales. Buying a used vehicle is the only way most American drivers will be able to own an EV. With the average new electric car costing at least $10,000 more than a similar fossil-fuel vehicle, the majority of…

MondayJun 10, 2024 9:45 am

Mullen Automotive Inc. (NASDAQ: MULN) Class 3 EV Truck Receives CARB Certification, Joins Class 1 EV Van in Meeting Stringent Emission Standards

CARB certification is awarded to vehicle manufacturers that meet specific emissions standards in compliance with CARB regulations CARB is charged with protecting public from harmful effects of air pollution, developing programs and actions to fight climate change “Having both our Class 1 and Class 3 commercial EVs now CARB and EPA certified will continue to drive sales in all states across America,” says Mullen CEO With environmental concerns becoming an increasing priority, more states, companies, and consumers are paying attention to — and prioritizing — environmentally friendly products and practices. Mullen Automotive (NASDAQ: MULN), an emerging EV manufacturer, shares this commitment to being…

FridayJun 07, 2024 10:00 am

Study Shows UK Drivers Have Limited Options of Used EVs

A report by Auto Trader has found that the used-vehicle market in the United Kingdom has a shortage of affordable electric cars. According to Auto Trader, just 10,000 of the second-hand EVs on its online marketplace are currently trading at under £15,000 ($19,000), compared to a whopping 350,000 used fossil-fuel cars within the same price range. For the average consumer, the lack of affordable used electric vehicles is a nigh-immovable roadblock to EV ownership. New electric-vehicle prices are still too high for regular drivers and high interest rates coupled with rising living costs have made it even more costly to…

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