NewsRoom Articles - Page 2 of 30

WednesdayJun 09, 2021 12:55 pm

Ford Motor Company (NYSE: F) Ramps Up Its EV Investments in a Bid to Capture 40% Market Share

Although Tesla Inc. (NASDAQ: TSLA) showed that it was possible to develop an electric vehicle (“EV”) that could function as well as a petrol and diesel-powered vehicle, the pioneering EV maker is no longer the only player in the EV sector. In a bid to cut their carbon emissions, several countries have set ambitious green energy targets that, among other things, involve placing limits on the sale of fossil fuel-powered vehicles within the next decade. Consequently, legacy automakers that have been around for decades, including Ford Motor Company (NYSE: F), have been forced to throw their hats into the electric…

TuesdayJun 08, 2021 2:49 pm

How China Is Schooling the US on EVs

The electric vehicle (“EV”) sector is poised to disrupt and eventually take over the century-old automotive industry. Several countries have set ambitious green-energy targets in a bid to reduce their reliance on fossil fuels and cut down carbon emissions, and electric vehicles are at the forefront of these noble efforts. How these countries are working to achieve these long-term goals differs greatly, but in only a few short years, China has managed to create a massive electric vehicle sector from scratch that has barely any equals. How has China achieved this feat in barely a decade? By pouring billions of…

TuesdayJun 08, 2021 9:15 am

2021 Expectations Rise for Ideanomics Inc. (NASDAQ: IDEX) as Electric Vehicle and FinTech Products Show Gains

ROTH Capital’s analyst recently delivered an outlook for revenues of $129 million in 2021, an increase of 119 percent for Ideanomics The company reported revenues of $32.7 million with a gross profit margin of 33.1 percent for the first quarter, boosted largely by its recently acquired fintech subsidiary Timios Holdings A covering analyst’s recent forecast for significant improvement in Ideanomics’ (NASDAQ: IDEX) sustainable energy business outlook, as well as other positive market indicators, appear to portend optimism for the company’s approach to concerns about energy consumption and global living standards. The forecast is for revenues of $129 million this year,…

MondayJun 07, 2021 3:17 pm

Five Innovators Working to Deepen Sustainability in EV sector

Despite being just over a decade old, the electric vehicle (“EV”) sector is poised to completely shake up the century-old automotive industry. Runaway climate change and global warming have shown just how much damage humanity has and continues to inflict on this blue rock we call home, and a large portion of the world has decided to switch gears. Zero-emission electric vehicles have emerged as the best solution, with the International Energy Agency forecasting that we will need around 245 million EVs on roads across the world by 2030 if we wish to meet climate change targets and reduce air…

FridayJun 04, 2021 11:45 am

Ofgem Data Predicts 6.5M UK Households Will Buy EVs by 2030

In a bid to reduce its reliance on fossil fuels and cut down on carbon emissions from the transportation sector, the United Kingdom will prohibit the sale of new petrol and diesel cars by 2030. The ban had initially been set for 2040, but under Prime Minister Borris Johnson's new green plan, the ban was moved up to 2030, with car manufacturers being allowed to sell hybrid vehicles until 2035. With the ban on fossil fuel-powered vehicles fast approaching, new research has found out that one in four UK households plan on buying an electric vehicle (“EV”) within the next…

ThursdayJun 03, 2021 2:24 pm

Kia to Introduce EV That Needs Only 20 Minutes to Charge

After more than a century, it seems that the age of the internal combustion engine is drawing to a close. Several countries around the world have pledged to replace their fleets with zero-emission electric vehicles (“EV”) over the next two decades, making significant investments in EV technology and public charging infrastructure. However, relatively long charge times coupled with range anxiety still remain a hindrance to widespread EV adoption, and South Korean automaker Kia has unveiled a new electric vehicle that cuts down charging times down to a mere 20 minutes. The 2022 Kia EV6, which is the South Korean-based company's…

WednesdayJun 02, 2021 2:37 pm

Lamborghini Joins Race to Build Luxury EVs

In the wake of new emissions standards designed to reduce reliance on fossil fuels and cut down global carbon emissions, several automakers are scrambling to electrify their fleets. Electric vehicles (“EVs”) have been touted as the next frontier of vehicular travel, pushing legacy automakers and even luxury car makers into the young but swiftly growing electric vehicle industry. Italian luxury automaker Lamborghini has now thrown its hat into the fray, announcing on May 18 that it will release its first completely electric offering by the end of the decade. Lamborghini announced that by the year 2024, all of its models,…

TuesdayJun 01, 2021 1:07 pm

Biden Roots for EVs in Michigan, Goes on Test-Drive in EV Truck

Several countries around the world are looking to gradually replace their gasoline-powered fleets with zero-emission electric vehicles (“EVs”). Since he began his campaign, President Joe Biden has thrown his weight behind the green energy cause. Shortly after he was sworn in as president, Biden pledged to have 500,000 public charging stations installed across the country, and his ambitious infrastructure plan calls for substantial investment in zero-emission vehicles. On May 18, 2021, Biden got to test drive Ford's new electric F-150 Lightning pickup truck at a Ford testing site. Given the love Biden has shown for the nascent EV industry, it…

FridayMay 28, 2021 11:00 am

Aluminum-Based EV Batteries Could Revolutionize the Industry

Ironically, an electric vehicle's greatest strength is also one of its biggest weaknesses. Rather than internal combustion engines, electric vehicles are powered by rechargeable lithium-ion battery packs. But while EV batteries produce zero emissions, they are quite expensive to manufacture, are not very energy dense, and take quite a while to charge, making EVs much more expensive and leaving most prospective EV drivers filled with range anxiety. However, a new type of battery technology developed in Australia could allay these fears and completely revolutionize the nascent electric vehicle industry. Graphene Manufacturing Group (“GMG”) based in Brisbane, Australia, has developed aluminum-ion…

ThursdayMay 27, 2021 10:52 am

UK College to Start Training EV Mechanics This September

Although it is quite young, the electric vehicle (“EV”) industry is poised to gradually take over the roads. Eager to reduce their reliance on fossil fuels and ultimately cut down their carbon emissions, several countries around the world are planning to gradually replace their internal combustion engine (“ICE”) vehicles with zero-emission EVs. The UK, which recently brought forward its timetable for phasing out ICE vehicle sales from 2040 to 2030, will soon be home to one of the world's first batches of independently trained EV mechanics. Save for a few similarities, electric vehicles and conventional gas-powered cars have vastly different…

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