NewsRoom Articles - Page 43 of 125

FridayJun 23, 2023 10:13 am

Despite Critical Minerals Agreement with US, Japan Lags in EV Race

An agreement on vital minerals between the United States and Japan was inked in Tokyo last March, ensuring both nations' commitment to bolster supply chains and advance the technology of electric vehicle batteries. In particular, the agreement enables Japanese minerals to satisfy the sourcing standards for the United States EV tax subsidies, enabling a maximum of $7,500 for each vehicle. Despite the agreement, Eurasia Group’s David Boling, director of Japan and Asia trade, remarked that if Japan and its car manufacturers wish to play a significant role in the field of electric vehicles, they need to catch up on a…

ThursdayJun 22, 2023 11:22 am

Fords Says US Isn’t Ready for EV Market Fight with China

Ford's top honcho has issued a warning that the United States is not ready to fight with China over the production of electric vehicles. The chairman of Ford, Bill Ford, said that the company is now mobilizing all resources to prepare for an influx of imports from abroad. He also mentioned how swiftly the electric vehicle market in China had expanded. Ford asserted that Chinese automakers created electric vehicles quickly and on a massive scale, and are currently offering the vehicles for export. With international sales of Chinese-made cars increasing threefold from 2020, reaching more than 2.5 million vehicles in…

WednesdayJun 21, 2023 11:24 am

Toyota to Build EVs with Stick Shifts

Toyota is getting ready to unveil an electric car that mimics a manual gearbox, complete with a false clutch, stick shift and rev-matching sounds. A manual electric automobile would only be a spectacle since electric vehicles do not have gearshifts. However, Toyota is forging ahead with efforts to provide an amazing experience while gunning for enthusiasts who love gasoline-powered vehicles. According to Takero Kato, president of BEV Facility, Toyota will offer its consumers a genuinely amazing experience as well as an enhanced driving range and a stylish appearance. Stick-shift cars with manual gearboxes were previously common, although they are becoming…

TuesdayJun 20, 2023 11:51 am

Tesla’s EV Chargers Muscling Out the Feds’ Preferred Standard

The nascent electric vehicle industry has been at a crossroads regarding which charging system standard to follow. The recent decision by General Motors (GM) and Ford to team up with Tesla and use its Supercharger network for their vehicles looks to have tipped the scales decidedly in favor of the connector standard used by Tesla. In recent years, there have been discussions about the adoption of a single standard so that all vehicles on North American roads can use any accessible charging point to top up battery power. Tesla has its own system, the NACS, and all its chargers adhere…

FridayJun 16, 2023 12:39 pm

Toyota Shares Climb 5% on News of Company’s Next-Gen EVs

Toyota recently stated that starting in 2026, a full array of battery-powered vehicles will be available using its newest battery technology; the news sent the shares of the company up 5%. BEV Facility, a brand-new EV entity that was founded in May by Toyota, will design and produce these vehicles. Takero Kato, the head of BEV Factory, stated during a recent presentation that Toyota wants its electric vehicles to have a 1,000-kilometer range. By 2030, he claimed, the factory hopes to build around 1.7 million vehicles. By 2026, Toyota wants to sell 1.5 million units of fully electric cars annually,…

ThursdayJun 15, 2023 12:45 pm

Ford Opens EV Production Facility in Germany

This week marked the official opening of Ford's Cologne EV facility, a cutting-edge production plant in Germany where the company will create its next generation of passenger electric vehicles for millions of customers in Europe. The Ford Cologne facility was established in 1930; however, in 2021 Ford announced that it would be converted into an electric vehicle manufacturing hub at a cost of $1 billion. The plant's renovation is currently described by the company as part of a $2 billion investment. Ford anticipates that the Cologne electric vehicle facility will produce 250,000 electric cars each year. In 2022, Ford stated…

WednesdayJun 14, 2023 12:37 pm

How Tesla Plans on Accommodating Increased Demand for Chargers

With Tesla’s move to open its charging network to Ford and GM, the rest of the auto industry may be obliged to follow suit. However, it is currently unknown which of the auto manufacturers might collaborate with Ford and GM. Presently, there are two primary kinds of charging plugs for electric vehicles: Tesla's NACS and CCS, which most other auto manufacturers utilize. Tesla controls the most extensive network across America, with 17,000 electrical plugs. Faster charging is possible at Tesla's charging points than at the majority of stations. Additionally, these stations frequently have higher reliability and are located in safer…

TuesdayJun 13, 2023 10:37 am

Chinese Firm Makes 621-Mile EV Battery for All-Weather Use

Greater Bay Technology, a Chinese firm, claims that its new EV battery is able to function in any climate. According to Bloomberg, a battery known as the Phoenix cell employs superconductive substances and thermal control to elevate temperatures from below zero to a typical ambient temperature in under five minutes. Since EV batteries were first launched, they have been plagued with high temperatures. Electric vehicle batteries become less effective as the temperature drops to under 32ºF (0ºC) during charging, creating challenges for vehicle owners who actually rely on the range provided by the vehicles. To keep the temperature of batteries…

MondayJun 12, 2023 9:27 am

Study Projects 90,000 Lives Can be Saved by EV Adoption

A study by the American Lung Association projects that almost 90,000 lives might be saved by 2050 through the adoption of electric vehicles in the United States. However, in order to realize the entire benefits of health, the nation would also need to move further toward cleaner, noncombustion energy sources, including geothermal, wind, hydro and solar. The study estimates that moving to cleaner cars and better energy sources will result in 2.2 million fewer instances of asthma and 10.7 million fewer lost working days will be lost. In addition, the American healthcare system will benefit by saving $978 billion. According…

FridayJun 09, 2023 1:24 pm

Why Second-Hand EV Prices are Dropping

According to recent United Kingdom data, the value of used electric automobiles has decreased by one-third on average over the last six months, as opposed to 0.5% for gasoline cars. What could be the reason behind this drop? Research conducted by Car Dealer's magazine revealed that in the last six months, 29 of the top 30 used vehicles with remarkable depreciation are electric. Furthermore, the magnitude of the average decline is particularly astonishing. The auction prices of electric vehicles have plummeted by a staggering 33.6% since last December, while those of diesel and gasoline vehicles only decreased by 1.3% and…

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