NewsRoom Articles - Page 45 of 101

MondayJun 27, 2022 2:55 pm

Toyota Hits Back at Critics of Its EV Production

Unlike most major automakers, Japanese car giant Toyota has barely made any inroads into the young but rapidly growing electric vehicle sector. Aside from a line of plug-in hybrids, including the Toyota Prius, Toyota has not revealed any concrete plans to develop battery electric vehicles in the near future. Instead, the world’s largest carmaker seems to have hedged its bets on hydrogen fuel cells and hybrid technology. Toyota’s investment in hydrogen fuel cells has also been met with criticism from experts who believe hydrogen-powered cars are not a feasible option. Toyota has now pushed back against such criticism, stating that…

FridayJun 24, 2022 2:07 pm

Why Charging Wirelessly Is Crucial for EV Adoption

Limited access to charging infrastructure is still one of the main hurdles to mass electric vehicle adoption. At the moment, the United States has more than 46,000 public EV chargers, a far cry from the million public chargers the country will need to support mass EV adoption. Emerging technologies such as wireless charging could help bridge this gap and allow more people to transition to zero-emission electric cars. Wireless or induction charging has been around since the late 1970s but has gained popularity in recent years as OEMs develop mobile phones and laptops capable of charging wirelessly. In simple terms,…

ThursdayJun 23, 2022 10:53 am

Car Rental Sector Races to Transition to Electric Vehicles

Although automakers and governments around the world are poised to invest billions of dollars into developing electric vehicles and the required infrastructure, the transition from internal combustion engine vehicles to zero-emission electric vehicles will take quite a while. Electric vehicles are still too expensive for the average consumer, and with the global economy declining, costly EVs will be the last thing on many people’s minds. Fleets, on the other hand, are not constrained by many of the factors that prevent lone drivers from transitioning to electric vehicles in the near term. As such, fleet managers such as the billion-dollar car…

WednesdayJun 22, 2022 3:31 pm

Volkswagen Could Upstage Tesla as Top EV Seller, Report Says

Tesla’s position as the top producer of electric vehicles in the world could soon be threatened by Volkswagen Group in the near future as the German automaker ramps up the production of several EV models under its subsidiaries. Volkswagen has considered Tesla Inc. (NASDAQ: TSLA) a rival for years, announcing its intention to surpass Tesla in sales and become a major electric vehicle manufacturer on a global scale. A new report from Bloomberg Intelligence has revealed that Volkswagen’s plans could come to fruition in 2024, just less than two years from now. The analysis shows that Tesla and Volkswagen will…

TuesdayJun 21, 2022 10:09 am

California Company Demonstrates New EV Battery Charging in Under 10 Minutes

A California-based company has unveiled a new electric vehicle battery technology that would allow EV owners to fully charge their EVs in under 10 minutes. Developed by Evonix, these battery cells are capable of charging from zero to-80% in only 5.2 minutes and up to 98% capacity in not more than 10 minutes. Evonix’s novel battery cells were also able to retain a whopping 93% of their capacity after more than 1,000 charging cycles. These figures are unprecedented in the EV battery space and have shattered the 80% charge in 15 minutes target set by the United States Advanced Consortium…

FridayJun 17, 2022 12:10 pm

Electric Vehicle Manufacturers Ask Congress to Reconsider EV Tax Credit Cap

Although the electric vehicle industry is poised to experience significant growth over the next couple of decades as more people ditch their combustion engine cars for EVs, affordability remains a major problem. A majority of American families simply cannot afford to buy an electric vehicle, and a significant percentage of EV owners had to rely on government subsidies and incentives to buy their EVs. With lithium ore prices on the rise, the supply chain in disarray and the computer chip shortage still continuing, EV production costs are only going higher. For electric vehicles to become as affordable as regular gas-powered…

ThursdayJun 16, 2022 3:46 pm

Lucid Motors Announces Digital Platform to Facilitate EV Financing

American electric car maker Lucid Motors (NASDAQ: LCID) has unveiled a digital financing platform dubbed Lucid Financial Services to provide Air EV customers in America with leasing and loan purchase options. Lucid Motors has partnered with the Bank of America to provide the financing options. Lucid Motors first announced that production on the Lucid Air EV had begun in September 2021 with deliveries expected to begin in late 2022. Despite struggling to meet production targets because of supply chain constraints coupled with recalls, Lucid’s Air EV has been met with positive reviews. At the moment, the Newark, California-based company is…

WednesdayJun 15, 2022 12:38 pm

EVs Could Become More Affordable If Price of Lithium Decreases

One thing most consumers can agree on is that electric vehicles are currently too expensive. A small percentage of the population can afford to buy an EV outright, and the industry has depended on government subsidies a great deal to get by. Costly electric vehicle batteries are largely to blame for this. Electric vehicles run on rechargeable lithium-ion battery packs, which are made using a variety of rare and expensive metals such as lithium, nickel, manganese, cobalt and graphite. However, we may soon see cheaper electric vehicles enter the market as the cost of manufacturing them reduces thanks to decreasing…

TuesdayJun 14, 2022 3:49 pm

BYD Gears Up to Supply EV Batteries to Tesla

Chinese electric vehicle maker BYD has announced that it will begin supplying EV batteries to American electric vehicle giant Tesla. According to a statement from BYD’s executive vice president to broadcaster CGTN, the company is now “good friends” with Elon Musk and is preparing to start supplying his company with electric vehicle batteries. For the past couple of months, there have been rumors about an impending deal between BYD and Tesla, which the Chinese automaker has denied. Last October, cls.cn reported that BYD had secured a contract for 10 GWh worth of lithium-iron-phosphate (LFP) battery packs and would start deliveries…

MondayJun 13, 2022 1:46 pm

High Fuel Prices Push Hotels to Install EV Charging Points

For the past couple of years, fuel prices around the world have been on the rise. The coronavirus pandemic upset the already volatile global oil price, and Russia’s invasion of Ukraine significantly disrupted the global energy industry and led to the highest increase in gas and oil prices in a decade. Since 2008, Americans are paying more than $4.11 a gallon for gas for the first time. Hotel chains such as the Hilton are seeing a major opportunity amid the record-breaking oil prices. With drivers across the United States being forced to break the bank whenever they want to fuel…

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