NewsRoom Articles - Page 60 of 122

MondaySep 19, 2022 10:50 am

Expensive Leasing Terms Are Holding Back EV Uptake

One major complaint about electric vehicles is that they are too expensive. While EVs were already costlier than comparable internal combustion engine (ICE) cars, carmakers have raised average EV prices to a whopping $66,000 in recent months. Factors such as increasing energy prices, shortages of critical parts and costly raw materials have increased the cost of production, forcing automakers to pass on these extra costs to consumers. For drivers who are unable or unwilling to part with tens of thousands of dollars to purchase an EV, leasing presents an attractive option. Meryem Brassington from Lloyds bank group says that the…

FridaySep 16, 2022 2:23 pm

Experts Warn That Skyrocketing Energy Prices Could Jeopardize EV Adoption

As the world collectively strives to cut carbon emissions, several countries around the globe have pledged to replace the conventional internal combustion engine (ICE) cars on their roads with zero-emission electric vehicles. Unlike ICE cars, EVs run on rechargeable lithium-ion battery packs and produce zero emissions at the tailpipe. But despite the lofty electrification plans of most countries, plenty of challenges stand in the way of mass electric vehicle adoption. One of them, experts warn, is the energy crisis that has gripped the world for months. With energy prices rising on an almost daily basis, the cost of producing electric…

ThursdaySep 15, 2022 12:36 pm

Solid State Batteries May Not Hit Market in Time to Boost EV Uptake

Electric vehicle batteries have been subject to constant research and improvements over the past couple of years to improve their energy density and safety. Although high-end electric vehicles can have up to 400 miles in range on a single charge, the average EV doesn’t have enough range to alleviate range anxiety. And given that America’s public charging infrastructure is woefully insufficient, many people are reluctant to switch to battery-powered electric cars. Solid state batteries, which replace the traditional liquid electrolyte in lithium-ion batteries with a solid electrolyte and use lithium metal anodes rather than a graphite anode, are slated to…

WednesdaySep 14, 2022 11:28 am

GM Unveils Fully Electric SUV Priced at $30,000, One of Most Affordable Available

The race to electrify among automakers is heating up, with automotive companies from around the world pledging to invest billions of dollars into developing new electric vehicle lines. But one factor still stands in the way of mass electric vehicle adoption: EVs are too expensive for the average consumer. Even with state and federal EV subsidies, electric cars are a lot more expensive than the average internal combustion engine (ICE) car. As such, automakers have been striving to make their electric offerings as affordable as possible. General Motors, which plans to launch 30 new EV models by 2025, has made…

TuesdaySep 13, 2022 2:00 pm

California Partners with The Netherlands on New EV Charging Technology

Electric vehicle charging remains one of the major barriers to EV adoption among drivers. While you can refill your internal combustion engine (ICE) car in only a couple of minutes and then be on your way, electric vehicles take a while to recharge. If you don’t have access to a supercharger capable of filling up your car in under 30 minutes, you may have to wait from 45 minutes to more than an hour to fully recharge your EV. Convincing more people to ditch their old ICE cars for zero-emission electric cars will require innovations in EV charging that would…

MondaySep 12, 2022 1:38 pm

Buick Vows to Buy Out Dealerships Disinterested in Selling EVs

For decades, American drivers have had no choice but to purchase new cars from dealerships because franchise laws prevent automakers from selling directly to customers. But for quite a long time, consumers have complained about the car-dealership experience, stating that pushy salesmen, rampant rip-offs and significant amount of wasted time, among other issues, make the dealership uniquely unpleasant. Those laws become even more problematic for consumers who want to purchase electric vehicles because most dealerships are not enthused with the idea of selling EVs because they are in direct competition with internal combustion engine (ICE) cars, which are a dealerships…

FridaySep 09, 2022 12:09 pm

Tesla Files Application to Manufacture EV Batteries at Freemont Facility

Tesla Inc. (NASDAQ: TSLA) pioneered the modern electric vehicle age when it first unveiled the Tesla Roadster in 2008. More than a decade later, the American automaker is the largest producer of electric vehicles on the planet, manufacturing and selling a total of 1,917,450 EVs since its inception. Given that Tesla is a company that strives to limit its reliance on suppliers, the carmaker has been keen on cornering a segment that has so far eluded the West: mass production of electric vehicle batteries. The Austin, Texas, company recently filed an application to start building a new electric vehicle battery…

ThursdaySep 08, 2022 12:16 pm

Israeli Company Installs EV Fast Chargers in US, Europe

With electric vehicles poised to take over vehicular transport over the next couple of decades, automakers and battery makers have invested considerable resources to make the transition to EVs as easy as possible. While the average electric car produces minimal to no emissions at the tailpipe, making them perfect for countries keen on cutting carbon emissions from transportation, they still aren’t as convenient to use as conventional internal combustion engine (ICE) cars. Charging infrastructure is far from perfect in the United States, for example, with most public charging stations being concentrated in urbanized areas. Furthermore, the chargers don’t work 100%…

WednesdaySep 07, 2022 11:57 am

Why BYD Could Soon Dominate the Electric Vehicle Industry

Tesla’s EV dominance may fall soon to a Chinese firm called BYD (Build Your Dreams). Founded back in 1995 by entrepreneur, chemist, and billionaire Wang Chuanfu, BYD first started its life as a battery maker before transitioning into full-scale EV manufacturing. The Shenzen-based company played a major role in taking a large share of the rechargeable battery market from Japan, becoming one of the biggest suppliers of mobile phone batteries in the world. Even as BYD seeks to make a name in the electric vehicle segment, it still draws most of its revenue from mobile phone battery sales. The Chinese…

TuesdaySep 06, 2022 11:29 am

Electric Vehicles Claim 10% Share of Global July Vehicle Sales

Despite the challenges that hinder the growth of the nascent electric vehicle industry, EV adoption is steadily on the rise. More and more people are considering ditching their gasoline-powered cars for electric vehicles amid a global push to cut fossil fuel use. Data shows that registrations of plug-in electric cars were up by 61% worldwide this July compared to July 2021, with buyers registering a total of 778,000 vehicles. Furthermore, strong plug-in sales in July propelled the market share of plug-ins to reach a whopping 14%. Battery electric vehicles (BEVs) that are solely powered by rechargeable lithium-ion batteries saw their…

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