NewsRoom Articles - Page 57 of 127

TuesdayJan 10, 2023 12:47 pm

Auto Parts Maker Says Chinese EVs Cost $10,000 Less to Make Than EU Equivalents

Automakers in China are able to make an EV for 10,000 fewer euros, or $10,618, which is below what their competitors in Europe can charge. The difference is due to their low R&D and capital expenditure costs, as well as low labor costs when compared to their European rivals. According to Patrick Koller, CEO of Forvia, a supplier of vehicles, this denotes massive cost savings, which will pressurize the European car makers in their local markets. Speaking las week at the CES convention in Las Vegas, Koller acknowledged that the cars made in China were good and that it was…

MondayJan 09, 2023 10:51 am

Hyundai Guns for 10% Boost in Global EV Sales

This year, the car company that manufactures Hyundai and Kia cars as well as the well-known EV6 and Ioniq 5 auto cars, announced plans to boost sales by 10% globally while also speeding up the electrification process for EVs. Hyundai has released the 2023 projections even though the company’s 2022 sales goals were unmet because of supply chain issues that brought about shortages of semiconductor chips as well as other critical auto component parts. Supplies of semiconductor chips used to control the electronics in vehicles have been globally unpredictable. This is due in part to COVID-19 regulations seen in China,…

FridayJan 06, 2023 11:18 am

BYD Outsells Tesla in 2022 to Take No. 1 Spot

In December, BYD proved Warren Buffett's Berkshire Hathaway's confidence in the company was not misplaced by recording a huge number of EV sales and solidifying its spot as the leading seller of non-fossil-powered vehicles in the world. BYD, a car manufacturer based in Shenzhen, China, reported that sales of its all-electric vehicles increased 4% from November to December. With the majority of the sales being in China, BYD saw its sales triple to 1.86 million cars overall last year. Since March 2022, BYD, which began as a battery manufacturer, has seen its sales increase monthly, setting new records in 10…

ThursdayJan 05, 2023 11:36 am

EVs Dominate San Diego’s Annual Auto Show

The San Diego International Show, an annual event that brings the latest automobiles, SUVs and trucks as well as alternative fuel vehicles together in one place, concluded on Jan. 2, 2023. After two years of being postponed due to COVID-19, the auto show returned, jam-packed with attendees and thousands of the newest vehicles in a non-selling setup, displaying a wide selection of the latest models that either aren't released in showrooms or are currently needed by people but difficult to find. This year, it was impossible to avoid seeing the presence of electric as well as hybrid vehicles, which was…

WednesdayJan 04, 2023 10:18 am

Three Things to Expect in the EV Industry This Year

Electric vehicles are positioned for a killer new year in 2023 since many countries, with the exception of China, have already seen a decline in COVID-19, and the world is settling into the fact that there is a war in Ukraine. The following three forecasts point to significant events in this new year. Tesla FSD Could Become Widely Available Throughout its innovation, the full self-driving (FSD) feature for Tesla has generated a great deal of controversy. In 2019, Elon Musk even stated that a million robotaxis would hit the road in the year 2020, which was not the case; two…

TuesdayJan 03, 2023 3:30 pm

Muscle Car Conversion to EVs Emerges as Growing Trend

Vintage trucks and cars’ conversion to electric vehicles is possible these days, thanks to Kevin Erickson and a small, rapidly growing network of engineers, tinkerers and businesspeople throughout the nation. Even though the converted cars face ridicule from some who claim they resemble some golf-pusher kind of vehicles, fully electric converters are turning into a common norm. With the improvement of battery technology in place, the universe appears to be embracing climate change by shifting to greener energy. The electric conversion of vintage vehicles is "definitely a trend," according to vice president of car culture for Hagerty, Jonathan Klinger, despite…

ThursdayDec 29, 2022 11:54 am

Expert Explains Why Motorists Don’t Need Large EV Batteries

Hans Eric Melin envisions electric automobiles parked on American roadways when he considers the waste of batteries. They resemble gas-powered engines except that they have a high rate of acceleration and can travel 400 miles without emitting any carbon, which is something that conventional automobiles couldn't do. The problem is that electric car batteries consume a significant amount of space as well as raw materials. The majority of drivers, however, would not utilize all the available power. When running errands or picking up the kids from school, the pack is typically idle or just partially utilized. Therefore, the batteries perform…

WednesdayDec 28, 2022 11:35 am

USPS to Add 66,000 EVs to Fleet During the Next Six Years

In a press release, the United States Postal Service (USPS) stated that it anticipates purchasing around 66,000 BEVs for deliveries, this being among the 106,000 vehicles it plans to purchase from now through 2028. The new vehicles that will be bought as part of this expected plan will start to replace the more than 220,000 fleet vehicles for deliveries that are already aging. By 2028, the USPS plans to have a minimum of 60,000 Next Generation Delivery Vehicles (NGDV), of which 45,000 will be battery powered. The plan also calls for an additional 21,000 commercial off-the-shelf (COTS) vehicles, and all…

TuesdayDec 27, 2022 1:59 pm

California Prepares to Ramp Up EV Charging Network

California intends to invest $5.5 billion in the coming years to expand its EV charging infrastructure by installing thousands of charging stations and extending charging to underserved rural regions and high-poverty areas. The California Energy Commission (CEC) and CalSTA are working together to coordinate the distribution of about 90,000 electric vehicle public chargers in the next two years, which could bring the number to twice as many as the 80,000 chargers currently available. According to the recent state announcement, the CEC and California Air Resources Board (CARB) are the ones funding this endeavor. Additional funds of $384 million will be received…

ThursdayDec 22, 2022 12:48 pm

NIO Showcases EVs at Sweden Auto Show

NIO displayed its array of electric vehicles at the December Sweden Auto Show, which focused on green technology and sustainable development in Europe; among the vehicles on display was a supercar concept as well as the typical NIO Electric Vehicle spectrum. This display at the eCarExpo show in Sweden is timed to coincide with the launch of the NIO EV selection in several markets throughout Europe. At the eCarExpo, the ET5, EL7, and ET7, as well as the EP9 supercar, were among the models on display. The EP9 supercar actually appeared at the event to demonstrate the emphasis NIO Inc.…

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