NewsRoom Articles - Page 16 of 129

FridayMar 14, 2025 10:00 am

A Deeper Look into the Complications Surrounding Tesla’s Recent Market Shifts

2025 hasn't been a great year for Texas-based electric vehicle giant Tesla. After dominating the nascent EV sector for a decade and achieving a market cap that's larger than the rest of the auto industry combined, Tesla is experiencing an unprecedented fall in sales across several major markets. CEO Elon Musk's endorsement of President Donald Trump and his involvement with the Department of Government Efficiency (DOGE) seems to have alienated a notable section of Tesla's customer base. However, some experts say that Tesla may have also gained access to a new and untapped customer base. For most of the electric…

ThursdayMar 13, 2025 10:00 am

Survey Shows Youths Have a Preference for Electric Vehicles

A recent industry-commissioned survey has found that young people typically prefer electric vehicles to conventional gas-powered cars. The poll was commissioned by Nissan and conducted by Economist Impact, which surveyed 3,750 people from 15 cities across the globe. It mainly focused on finding out the mobility preferences of 18 to 30-year-old individuals living in urbanized areas. Over half of the respondents (57%) said that they were willing to adapt their driving habits to lower carbon dioxide pollution while just 40% were in favor of policies that made gas-powered vehicles and other forms of transport that produce pollution more expensive. 44%…

TuesdayMar 11, 2025 10:00 am

Tesla Reportedly Gamed Rebate Program in Canada to Make Last-Minute $30M Claim

Tesla has been accused of gaming the Canadian electric vehicle rebate program after 4 dealerships reportedly sold a whopping 8,600 vehicles in just three days. The sales spree saw the four stores sell an average of 2 vehicles per minute and claim $30 million worth of grants just before Canada's EV rebate program ended. Although Teslas are among the most popular electric cars in Canada, the last-minute surge in sales at the four dealerships and the subsequent $30 million in claims have left many wondering whether the sales were legitimate. Each of the 4 dealerships would have had to sell…

FridayMar 07, 2025 10:00 am

EU Automakers Get Pollution Targets Breather as EV Sales Falter

The European Commission has granted carmakers in the EU more breathing room to achieve the regional bloc’s mandated pollution target amidst a widespread drop in electric vehicle sales. Commission president Ursula Von der Leyen says European carmakers that sell too many fossil fuel-powered cars in 2025 will be granted a two-year grace period where they can compensate by selling more clean energy vehicles. Although the move is ostensibly meant to support carmakers who have been struggling to sell their EVs amidst a slump in demand, environmental groups argue that the grace period is tantamount to rewarding ‘laggard’ carmakers. The proposal…

ThursdayMar 06, 2025 10:00 am

Why Some Electric Vehicle Buyers Aren’t Getting the Expected Federal Tax Credit

Last year, the U.S. amended its federal EV tax credit system to make it so that drivers could access the tax credit at the point of sale instead of paying full price and waiting months for the tax credit to kick in. However, while this change was praised for making the federal EV incentive much more accessible to buyers, it may have made it difficult for some buyers to have their EV purchase subsidized. A small number of buyers have been unable to access the tax credit due to missteps on the dealerships’ side even though they did everything as…

TuesdayMar 04, 2025 10:00 am

Expert Says Chinese EV Industry is Booming Due to Support from the West

Despite the litany of import tariffs placed on Chinese electric vehicle exports, recent data has revealed that Chinese auto companies are making a killing. China's EV industry is booming and some experts say that the ongoing boom is thanks to support from the West. According to one auto industry expert, China is now the largest vehicle manufacturer on the globe. Last year, UK drivers purchased close to 100,000 cars that were manufactured in China, a sure sign that Chinese-made cars have more than ample demand in Europe. According to Tycho de Feijter, the rapid growth of China's auto sector is…

FridayFeb 28, 2025 10:00 am

Why EV Fires Pose Unique Challenges to Firefighters

Combating battery electric vehicle (BEV) fires poses several new challenges for firefighters due to the energy-dense battery packs that power electric cars. EV fires burn much hotter than regular fires and require several times more water to put out, making them a harrowing experience for any firefighter who has come face to face with a combusting electric car. Internal combustion engine (ICE) vehicle fires are already quite destructive. Still, an EV fire has the potential to cause significantly more property damage as it is a lot harder to put out. On average, an EV fire burns at a whopping 5,000…

ThursdayFeb 27, 2025 10:00 am

The US GSA Starts Closing its EV Chargers

The United States General Services Administration (GSA) has begun shutting down its battery electric vehicle (BEV) chargers after the Trump administration instructed states to stop using federal funds to build public EV chargers. Tasked with managing federal government-owned buildings, the GSA has declared that EV chargers are ‘non mission critical’ and is actively closing hundreds of EV chargers across the country. The GSA is also in charge of managing the federal government’s vehicle fleets and is currently trying to sell off the government’s newly acquired electric cars. This move doesn’t bode well for America’s nascent electric vehicle industry and will…

TuesdayFeb 25, 2025 10:00 am

Nikola’s Troubles Reach Tipping Point, Firm Files for Bankruptcy Protection

Troubled EV maker Nikola Corporation has filed for Chapter 11 bankruptcy protection several months after the company revealed that there was a strong likelihood that it would be short on cash in the first half of this year. The Arizona-based firm now wants to sell or auction off its business. How did this promising company descend to this point? Nikola was seen as a rising star by Wall Street. However, the company and its founder got embroiled in scandal leading to the 2022 conviction of Trevor Milton on charges of misleading investors about the firm’s technology. During the founder’s trial,…

FridayFeb 21, 2025 10:00 am

Tesla Sales Nosedive Amid Slowing EV Demand

Recent sales data shows that Tesla is selling far fewer electric vehicles amidst a nationwide drop in EV demand and CEO Elon Musk’s forays into politics. The Texas-based automaker saw its valuation spike after President Donald Trump was elected, likely due to the president’s seemingly close ties to Musk, but this hasn’t translated into actual sales. Since Tesla dominates most Western automakers in the electric vehicle segment, its poor performance may not bode well for the West’s nascent battery electric vehicle (BEV) sector. After nearly two decades in the EV game, Tesla was starting to run out of customers who…

Green Car Stocks provides insights and opportunities in the green transportation sector.

Contact us: (512) 354-7000