NewsRoom Articles - Page 40 of 119

FridayMay 19, 2023 11:03 am

Tesla to Demolish, Upgrade Fremont Production Line

Tesla Inc. (NASDAQ: TSLA) is reportedly deconstructing and modernizing its assembly line in Fremont, California, possibly to launch the large-scale manufacturing of one of their newly designed car models. The timing of Tesla's application to tear down “numerous pieces of machinery, tools, and services” at the factory in Fremont coincides with the recent leaks of Project Highland Model 3 pictures, which was spotted on the test track at Fremont, with major interior design alterations. Even though the Model 3 is not Tesla's top-selling model anymore, it continues to play a significant role in driving sales and is the superior choice…

ThursdayMay 18, 2023 3:12 pm

Solid-State Batteries Could Revolutionize EVs

Despite the fact that there are many different kinds of electric cars becoming more and more popular all over the world, their range and the batteries’ potential for powering different kinds of vehicles are both constrained. Batteries are the key to the future of electric cars. The whole world would potentially accept electric vehicles if battery technology could outperform gasoline in terms of range, how they perform and effectiveness. Li-ion batteries are the current mode of power for all electric vehicles. However, these batteries have great limitations. Therefore manufacturers are focusing on solid-state batteries as a more viable option. It…

WednesdayMay 17, 2023 3:01 pm

Sierra Club Reports Nearly One-Third of US Dealerships Disinterested in Selling EVs

The 2023 Rev Up report from the Sierra Club's poll on shopping experiences this year revealed that 66% of auto dealers in the United States have no electric vehicles to sell, and 45% claimed they would not sell any under any circumstances. According to the report, 44% of the 66% of auto dealers without any electric vehicles would like to sell them whenever possible. The ones that seek to sell electric vehicles claim that the stock constraints are the result of supply network problems and inventory problems, as well as electric vehicle manufacturers’ allotment to dealerships. In comparison to all…

TuesdayMay 16, 2023 3:32 pm

Norway Shows How EV-Dominated Future Will Be

In 2022, Norway was at the forefront of the transition to battery-powered mobility owing to its 80% EV sales. Furthermore, Norway has become a research hub for analyzing how the electric car revolution can change the world. In 2025, the nation will stop selling ICE cars. The experience of Norway demonstrates that EVs have advantages without having the negative effects that some detractors have projected. However, during moments of heavy demand, there are issues with faulty chargers and lengthy waits, and retailers and car dealerships have had to adjust. The switch has rearranged the auto industry, elevating Tesla to the…

MondayMay 15, 2023 3:43 pm

Li Auto Founder Forecasts 8 in 10 Vehicles in China Being EVs by 2025

By 2025, Li Xiang, CEO and founder of China's auto manufacturing company Li Auto, predicts that electric vehicles could make up 80% of the total new vehicle sales in China. According to Li, more than 80% of all new cars sold in China will be new energy vehicles (NEVs) in December 2025. In February, the auto boss had forecast that China would have 70% penetration of new energy vehicles by Q4 of 2025, but now he has raised his estimate to 80%. Li Xiang compared the tremendous expansion of industrial output during the Second World War with the rise in…

FridayMay 12, 2023 2:58 pm

Survey Shows Americans Want EVs with 300-Mile Range

Last year, Bloomberg Green conducted a survey which established that only a paltry 10% of all Americans would be comfortable buying an e-vehicle whose range didn’t exceed 200 miles. While many people may be quick to criticize this preference exhibited by Americans, a deeper analysis shows that consumers are more acutely aware of a number of factors pertinent to their driving needs. For example, the average American travels 14,500 miles each year. This figure is approximately 33% higher than the average distance covered each year by motorists in other countries around the world. It would, therefore, be reasonable for Americans…

ThursdayMay 11, 2023 3:29 pm

Major EV Makers Look to India in Expansion Bid

India is considered by many to be a nation whose impact could increase greatly as the 21st century goes on given its large military, economy, and population. However, the country is yet to catch up in terms of electric vehicle adoption. In the view of the International Energy Agency (IEA), China, the United States and Europe have all become major markets for electric vehicle purchases; the agency reports that more than 50% of the vehicles on Chinese roads are EVs. However, India is still lagging behind. The IEA did note that BEV sales in India increased by four times more…

WednesdayMay 10, 2023 3:14 pm

As More Carmakers Prefer Selling SUVs, Environmental Concerns Rise

A key component of President Joe Biden's strategy to address the climate catastrophe is electrifying the massive fleet of vehicles in the United States. This objective, however, is in danger of being undermined by the exploding size of EVs, which are displacing smaller, more cost-effective vehicles that use less of the environment's resources. In the past week, GM revealed that it would be ending production of the Chevy Bolt later this year. The Bolt is smaller and the most affordable of the greener electric vehicles available, with prices under $30,000. This price is in addition to qualifying for a $7,500…

TuesdayMay 09, 2023 2:40 pm

France Aims for $112 Monthly EV Payment

France Prime Minister Elisabeth Borne announced that the country has set a target of making it possible for members of the public to buy electric vehicles for a monthly payment of $112 (€100). The purpose is to make these vehicles more affordable, especially for the more vulnerable sections of the population. Borne said that the initial batch of EVs at this pocket-friendly cost could become available next year. She added that the government was engaged in discussions with EV manufacturers in France so that vehicles could be more affordable for the population. While no specific details are currently available regarding…

MondayMay 08, 2023 3:26 pm

In a Trend Reversal, Tesla Hikes EV Prices Globally

After a string of price reductions recently that lowered its profit margin to the lowest point since 2020 and created an intense price conflict, Tesla has increased pricing in its key markets for electric vehicles, including China and the United States. Last week, Tesla's website showed that the American automaker has raised the costs of its Model 3 sedan and Model Y SUV by $289 (2,000 yuan) in China, which is Tesla's biggest international market. The starting price for the Model 3 Y is currently 263,900 yuan ($38,175) in China, while that of the Model 3 is 231,900 yuan ($33,546).…

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