NewsRoom Articles - Page 51 of 119

FridayDec 09, 2022 10:45 am

EV Battery Prices Trend Upward, a First in 10 Years

In a first of its kind since 2010, the cost of batteries has increased. These higher prices, coupled with rising costs of raw materials, are projected to hamper the spread and use of electric vehicles around the world. A report authored by BNEF indicated that the price of batteries rose to an average of 151/kwh, showing a slight increase of 7% from a year earlier. This increase was a result of the rising prices for battery metals such as lithium and cobalt, as well as nickel. However, in the coming years, these prices are predicted to increase even more. The…

ThursdayDec 08, 2022 12:19 pm

Uber Calls on Drivers to Switch to EVs in Net-Zero Push

Uber has established a goal to transition to fully electric cars in Europe by the year 2030 and globally a decade later. To realize this, all of Uber's independent contractors must trade in their fuel cars for greener alternatives. Uber therefore has seven years to significantly restructure the vehicle configuration in its European operations, where currently less than one in 10 of its vehicles run on electricity. While some Uber drivers have welcomed the change, others are hesitant to make the switch because of the drawbacks associated with electric vehicles, which include higher initial costs, concerns about inadequate charging stations,…

WednesdayDec 07, 2022 1:43 pm

Report Says 13.6% of October Auto Sales in Europe Are EVs

The electric vehicle (EV) market in Europe grew by 14% in the month of October, marking the third consecutive month of growth. Therefore, it seems that the auto parts conundrum that plagued the EV industry is now resolved. However, this uptick might not last for long given the impending slump in the energy sector. The plug-in hybrid vehicle market was also thriving, with nearly 211,000 new vehicles registered in October, representing a 14% increase over October 2021. At the same time, there was a 25% increase in battery electric vehicles (BEV) registrations in October, amounting to 124,000 vehicles. Based on…

TuesdayDec 06, 2022 1:06 pm

Drivers Turn in Hondas, Toyotas in Exchange for EVs

Since the introduction of electric vehicles, more people are showing increasing interest in buying them to the extent of ditching their favorite gas-powered brand for electric vehicles. As a result, Toyota and Honda, which have been slow in transitioning, are losing their devoted customers to companies that are already fully electrifying. Ford and General Motors, along with Hyundai, are replacing Toyota and Honda's gas-powered vehicles with new electric vehicles, as Tesla maintains its position as a leading car manufacturer. Tesla once had nearly complete control of the market for electric vehicles in the United States, but it eventually lost some…

MondayDec 05, 2022 1:00 pm

European Manufacturers Could Soon Suffer for Neglecting Lower-Priced EVs

When electric cars were introduced, the rich couldn't wait any longer to drive the new cars, without even considering potential drawbacks. This attitude made it simple for the vehicles to penetrate the market in western Europe. However, manufacturers in Europe need to resolve the issues concerning price and driving distance in order to preserve this market. Otherwise, there appear to be far too many negative consequences. Western Europe has already seen a decline in EV sales, which currently stand at 1.5 million units, or 14.5% of the market. Due to economic uncertainty and problems with the distribution network, this trend…

FridayDec 02, 2022 12:04 pm

Why Insuring an EV Differs from Insuring an ICE Vehicle

As the market for electric vehicles expands, more people are purchasing EVs. It is crucial that your electric vehicle be insured, just like any other type of vehicle; nevertheless, you must keep in mind that the insurance coverage offered for nonelectric automobiles is different from that for electric vehicles. The argument is that electric vehicles are expensive cost wise and might be more prone to damage, so repairing them will cost more money when compared to regular vehicles. As a result, insurance plans offered by insurance companies for each of the vehicles differ. The following are some examples of what…

ThursdayDec 01, 2022 2:45 pm

Chinese Battery Makers Eye International EV Market as Domestic Demand Is Surpassed

The rapid growth in the EV battery production sector in China will soon see EV batteries tripling in capacity, surpassing the need for the same from the EV makers in the region. This will force China to seek international markets in order to sustain its rapidly expanding EV battery industry. Chinese companies are responsible for the production of NCM and LFP batteries, the two types of batteries frequently used in electric vehicles. According to the Economic Daily Report, the projections revealed by the top EV battery companies indicate that mainland EV battery producers would boost their output from the 500…

WednesdayNov 30, 2022 12:48 pm

Solar EVs Could Play Pivotal Role in Electrification Transition

In the coming years, solar-powered electric vehicles could soon be available in the United States and Europe. Three automobile manufacturers — Sonor Motors in Germany, Aptera Motors in California and Light Year in the Netherlands — are actualizing this reality. The solar vehicles are built to use the sun for a few extra miles on sunny days. In addition, they are integrated with rechargeable lithium-based batteries, which make them functionally identical to electric vehicles for long-distance drivers. However, if commuting or taking a short drive, one can rely on the sun's power for the entire journey for free. The production…

TuesdayNov 29, 2022 10:18 am

VinFast Exports First Batch of EVs to the US

VinFast, a Vietnamese EV startup, recently held a ceremony to officially flag off a consignment of 999 electric vehicles that were in route to customers in the United States. This batch of vehicles is the first shipment that the company is making to the international market, and it has been touted as a major milestone for the auto industry in Vietnam. The consignment of nearly a thousand electric vehicles was loaded onto Silver Queen, a charter ship flying a Panama flag. These vehicles left a Hai Pong, Vietnam, port and are expected to arrive off the coast of California approximately…

MondayNov 28, 2022 10:18 am

Four Checks to Undertake When Selecting a Used EV to Buy

Many automobile owners anticipate purchasing more modern electric vehicles as the electrification of vehicles increases. As a result, they anticipate selling their old BEVs and purchasing new ones. The quantity of used battery electric vehicles for sale has actually increased as a result of this action. More of these used cars are yet to appear, as early BEVs, such as the first-generation Hyundai loniq and Kona as well as Renault Zoes, are approaching the crucial four-year leasing term. A used BEV must therefore pass the following inspection. The battery's remaining capacity Some cars, such as the older Nissan Leafs, have…

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