NewsRoom Articles - Page 36 of 128

MondayNov 20, 2023 3:44 pm

Exxon Mobil Acquires Drill Operation in Arkansas to Process Lithium

Oil giant Exxon Mobil has announced the acquisition of a drill operation in Arkansas that will expand its efforts to enter the lithium production side of the electric vehicle supply chain. The oil and gas company plans on producing lithium, a mineral critical to the development of electric vehicle batteries as soon as 2027. Exxon Mobil decided to venture into the electric-vehicle battery-metal production segment. The company started by purchasing a whopping 120,000 acres of Smackover Formation, a geological site located in southern Arkansas with rich lithium deposits. It now plans on launching a drilling operation on the massive site…

FridayNov 17, 2023 11:33 am

Drop in Demand Expected as European EV Buyers Wait for Less Costly Models

Some experts predict that electric vehicle demand in Europe will drop as potential EV drivers in the region wait for electric cars to become more affordable. Many European Nation countries have pledged to electrify their vehicle fleets over the next few decades as part of a coordinated effort to curb global warming and climate change. Electric cars are the supposed successor to internal combustion engine vehicles, but their high prices have them almost unaffordable for the average European driver. The region has seen a surge of cheap electric cars from China in recent months that partly contributed to a 47%…

ThursdayNov 16, 2023 2:16 pm

EV Makers Switching to Buttons as Motorists Experience ‘Screen Fatigue’

After years of equipping their electric cars with increasingly larger touch screens, EV makers are turning back to physical buttons amid a phenomenon dubbed “screen fatigue.” While touchscreens were instrumental in changing how we interact with various technologies, it seems the technology doesn’t quite meld with electric vehicles. Carmakers have spent the past couple of years replacing most physical buttons in cars with touch screens to give their units a minimalistic and futuristic design. While the technology did result in a cleaner and minimalist aesthetic for many EV models, it forced drivers to wade through layers of screens to access…

WednesdayNov 15, 2023 1:53 pm

Hybrid EV Models Help Li Auto Outsell Tesla in China

The China Passenger Car Association has revealed that Chinese startup Li Auto outsold Tesla in its local market last month. While Tesla sells fully electric cars in China, limiting itself to consumers who are only interested in electric cars, Li Auto sells hybrid SUVs equipped with a fuel tank to charge the battery. This likely contributed to the startup selling a record 40,422 vehicles last month, far more than the 28,626 battery electric cars (BEVs) sold in October. Range anxiety is a major barrier to electric vehicle adoption in most EV markets, even in China, which has the widest network…

TuesdayNov 14, 2023 3:22 pm

Tesla Plans to Manufacture $27,000 EV in Berlin

A source with knowledge on the matter has revealed that American automaker Tesla Inc. (NASDAQ: TSLA) is planning to build a $27,000 electric vehicle in a facility near Berlin. Tesla has long promised to deliver an affordable electric vehicle for the masses, and the upcoming EV is likely part of Tesla’s goal to make its electric cars available for the general market, not just early adopters and wealthy individuals. The source did not specify when Tesla would begin producing the $27,000 electric car, and Tesla declined to comment on the matter. A video posted to social media site X revealed…

MondayNov 13, 2023 1:47 pm

Automaker Wants to Equip EVs with Generators to Combat Range Anxiety

An automaker is looking to alleviate range anxiety, one of the largest barriers to electric vehicle adoption, by equipping electric cars with generators. Range anxiety refers to the fear of running out of power while on the road with no charging station in sight, and many American drivers cite it as one of their main reasons for not switching to EVs. Ram, a brand by automaker Stellantis, has introduced an electric pickup truck dubbed the Ramcharger, which comes equipped with a 3.6-liter V6 combustion engine and a generator to recharge the onboard battery while the pickup truck is moving. This…

FridayNov 10, 2023 3:11 pm

Study Finds Motorists Cover Fewer Miles Annually in EVs Compared to ICE Vehicles

Like many other developed nations around the globe, the United States plans to decarbonize its economy as part of efforts to mitigate global warming and stop climate change. This will require mass adoption of electric vehicles, alternative energy cars that use rechargeable batteries rather than fossil fuel to run. Electric cars still make up a relatively small percentage of total vehicle sales in the U.S., but Americans are adopting EVs in steadily increasing numbers. According to a recent study published in “Joule,” it seems that America’s growing number of EV owners may be driving fewer miles per year compared to…

ThursdayNov 09, 2023 12:07 pm

Five Ways to Maximize Efficiency, Range in Your EV

Aside from price, electric vehicle range is one of the key metrics drivers consider before switching from gas-powered cars to battery electric vehicles (BEVs). Range refers to the distance an electric car can travel on a single charge and is affected by a battery’s maximum capacity as well as factors such as weather and driver habits. The average electric vehicle driver is interested in optimizing their EV’s performance and maximizing the range, especially if they rely on public charging infrastructure. This allows them to travel further on a single charge and limits the need for constant stops at public charging…

WednesdayNov 08, 2023 11:42 am

Rich Millennials View EVs as a Status Symbol

Electric vehicles are becoming a status symbol among wealthy millennials in America. While high EV prices have kept a majority of U.S. drivers from purchasing electric cars, the nation’s millennials are taking to EVs despite their often exorbitant prices. According to a J.D Power Survey, 72% of millennials expressed interest in purchasing an EV, with 37% being “highly likely” to buy an electric vehicle as their next car. A trip to affluent Silicon Valley neighborhoods will reveal white Teslas parked on nearly every block. With 42% of all electric cars in America being sold in California, the state represents the…

TuesdayNov 07, 2023 3:42 pm

IRS Unveils Portal Allowing Dealerships to Give EV Buyers Access to Tax Credits

The Internal Revenue Service has unveiled a portal that will allow prospective electric vehicle buyers to access EV tax credits at the point of sale. Car dealers can now dole out EV tax credits of up to $7,500 when customers on-site buy electric cars by registering with a website called Energy Credits Online. This could potentially alleviate an issue that has kept many drivers from purchasing EVs even when they have access to federal tax credits. Rather than providing EV buyers with cash at the point of sale, the U.S. government would provide tax credits once tax season rolled around,…

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