NewsRoom Articles - Page 46 of 119

MondayFeb 27, 2023 1:37 pm

How China Gained Global Dominance in EV Industry

In the last two years, China's yearly sales for electric vehicles has increased from 1.3 million to a staggering 6.8 million, making 2022 the eighth year in a row that China has had the largest electric vehicle market in the world. In contrast, the United States managed only about 800,000 electric vehicle sales in the same year. China’s leadership in the electric vehicle market has helped the country’s automotive sector develop steadily throughout the pandemic and also aided China in its effort to take the lead on global climate policy. According to “MIT Technology Review,” various experts attribute China's accomplishments…

FridayFeb 24, 2023 11:10 am

2022 EV Sales Break Records in the EU

Despite 2022 being a difficult year for vehicle sales, EVs remained mostly unaffected and even set a record within the European Union, according to ACEA data released earlier this month. With a total of 1.3 million registered vehicles, APVs accounted for 53.1% of the European Union vehicle market in Q4 of 2022, overtaking fuel-powered vehicles for once. Alternative-propulsion vehicles are those that either don’t utilize conventional petroleum-based fuels such as diesel and gasoline or that employ a hybrid method that combines a fuel-powered engine with a renewable power source, such as a rechargeable battery. The battery electric vehicles (BEVs), which…

ThursdayFeb 23, 2023 2:39 pm

What Motorists Need to Know About EV Repair

Electric cars are surging in popularity as more models are being introduced into the market each year. Although electric cars have several advantages over fuel-powered cars, the two types of vehicles require distinct procedures when it comes to repair and maintenance. Electric cars use motors and rechargeable batteries to power the wheels, unlike conventional cars, which utilize combustion engines to do so. This implies that electric cars can only be handled by qualified auto dealers and not just any auto shop since specialized equipment as well as particular training are needed when it comes to repairing and maintaining them. However,…

WednesdayFeb 22, 2023 12:35 pm

Tesla Promises to Give Other EVs Access to 7,500 of Its Chargers by 2024

President Joseph Biden's administration hopes that by 2030, there will be at least 500,000 easily accessible EV chargers on America's highways; with that in mind, the administration has unveiled a series of measures to bring about this reality. These measures include agreements with companies that construct and manage charging infrastructure, including Tesla, General Motors, ChargePoint and Ford, among others. All these companies are likely to benefit from federal financing if the projects they have in mind for electric chargers match the revised federal requirements that were publicly revealed at the same time. In support of this, the President Biden hailed…

TuesdayFeb 21, 2023 11:47 am

Average EV Price Dropped by $3,000 in January

The dramatic price reductions made by Tesla last month contributed to a $3,300 decrease in the average cost of a newly purchased electric car throughout the United States. Based on a report from Kelley Blue Book (KBB), a company for vehicle valuation, the average cost of an electric car in December was $62,088 but dropped to $58,725 in January. Tesla vehicles cost an average of $59,648 in January, lower than $65,080 in December. The price reductions made by Tesla on Jan. 13, 2023, are the cause of the reduced selling prices. These price drops are aimed at boosting sales and…

FridayFeb 17, 2023 11:10 am

Goldman Sachs Sees EVs Claiming 50% Market Share by 2035

As the quest for achieving zero emissions intensifies, electric cars will account for almost 50% of total new vehicle sales globally by 2035, as per Goldman Sachs Research. According to Kota Yuzawa, a strategist for equity research at Goldman Sachs, the rising use of self-driving cars and electrified vehicles would cause a significant change in the automotive sector between the years 2020 through 2030. As regulations for the environment get tighter and electric vehicle technology advances, the auto sector's growth won't slow down. The transition to electric vehicles is predicted to happen more quickly. Governments in nations all around the…

ThursdayFeb 16, 2023 2:37 pm

Hyundai to Start Allowing Motorists to Subscribe for Short-Term EV Use

Hyundai Motor Company is launching Evolve+EV, a new car subscription program. This service is intended for people who actually do not wish to commit on a long-term basis but instead want to own a car just out of curiosity or as a temporary possession. Using just a mobile app, consumers are able to reserve a Hyundai Kona Electric or Ioniq 5 electric vehicle, the only vehicle options at the launch, for $699 or $899, respectively. Hyundai’s program is accessible at eight dealerships spread across six states in America. This subscription program differs from leasing in that it includes insurance and…

WednesdayFeb 15, 2023 12:31 pm

Discarded Cellphones Could Boost EV Battery Production

In order to power the future generation of electric cars, the Audi company recently teamed up with Redwood Materials to gather all batteries that can be recharged from consumer cell phones, laptops, and other everyday electronics. No less than 10 Audi dealers across the United States have made the decision to take part in the effort, with the company hoping that additional dealers will join in the months to come. Consumers drop off the devices at dealer stores; the devices are then transported to Redwood establishments in Nevada to be sorted, recycled and rebuilt to produce lithium and cobalt —…

TuesdayFeb 14, 2023 1:33 pm

California Startup Gives Used EV Batteries Second Life as Stationary Energy Storage

In an intriguing effort to demonstrate an alternative to conventional recycling, an energy startup in California has converted 1,300 electric vehicle (EV) batteries into storage capsules for solar power. The project, according to B2U Storage Solutions, the company behind the technology, will significantly reduce solar storage costs. Additionally, it will aid in lowering the carbon footprint of EV batteries, which includes manufacturing and mining costs that harm the environment. On Feb. 7, 2023, the company announced that it had 25 MWh of stored solar energy stored in 1,300 batteries from Nissan and Honda connected to a solar energy campus in…

MondayFeb 13, 2023 1:13 pm

Wireless Charging Could Expedite EV Uptake

The globe's first open experiment in "wireless charging" will take place later this year on a kilometer-long strip in Balingen, Germany. Its purpose is to demonstrate the viability of a technology that has long been seen as aspirational and innovative in the EV charging industry. BMW is one of many automakers that already offers cars with pads that allow recharging while the vehicle is parked. However, the possibility of recharging batteries while operating a vehicle (dynamic charging) has extensive consequences for the sector. There are significantly insufficient charging stations to serve the several automobiles anticipated on the roadways, automakers and…

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