NewsRoom Articles - Page 63 of 130

FridayNov 18, 2022 11:22 am

EV Makers Go Directly to Mining Firms to Secure Battery Minerals

The market for electric vehicles is booming; however, the shortage of battery-related materials such as lithium, nickel and cobalt could jeopardize the adoption of these vehicles. If this issue persists, factories may close and automakers may face financial penalties for failing to meet emission standards. The rising EV battery demand is expected to necessitate 50 new lithium projects, 60 nickel mines, and 17 cobalt developments as we approach 2030, according to the International Energy Agency. This poses a serious danger for a mining sector that takes a long period of time (15 years in some cases) to come up with…

ThursdayNov 17, 2022 1:48 pm

Ford Claims Number 2 EV Top Seller Spot in the US

Ford has recently inched closer to Tesla, which had long held the largest market share for electric vehicles, to become the second-leading electric car manufacturer in the United States. Despite the fact that many other automakers are developing a variety of attractive and entertaining vehicles, Ford is surprisingly outperforming many of those legacy automakers to rank as the second-best-selling EV company in the country. Right now, Ford is having a good ride on the U.S. electric vehicle market and has introduced several new brands. The Mustang Mach E, which has been fully available on the market for a year, is…

WednesdayNov 16, 2022 3:14 pm

Seattle Auto Show Showcases How Far EVs Have Come

The Lumen Field Events Center hosted the return of the Seattle International Auto Show. This weekend's vehicles included GMC's huge Hummer EV pickup. With numerous cars, trucks, SUVs, hybrids and other vehicles on display, electric vehicles (EVs) became the topic of conversation at the show. This proves that many car dealers are increasing their involvement in matters having to do with electric vehicles. According to Tom Voelk, there is a paradigm shift in the EV industry, and these cars are needed by drivers. Voelk said this in reference to Chevrolet's new Blazer and Equinox EVs. Voelk showed the media a…

TuesdayNov 15, 2022 2:42 pm

Greenpeace Says EV Transition Happening Too Slowly to Avert Climate-Change Catastrophe

The EV industry has sworn that electric vehicles will rule the road in the future. According to scientists, vehicles fueled by gasoline and diesel must be discontinued if there is any chance of preventing the worst effects of a climate disaster, as transport accounts for about 25% of all carbon pollution produced by humans. According to a report issued this week by Greenpeace, the transition to electric cars is progressing slowly to avoid dangerous climate change. The report went on to say that the industry's leading manufacturers, Toyota and Volkswagen (VW), are moving too slowly toward electric vehicles, which would…

MondayNov 14, 2022 10:38 am

Italian Electric Vehicle Startup Looks to Upstage Rivals by Leveraging Superior Design

Almost 20 years ago, Tesla proved that electric vehicles could be manufactured for the mass market, and the company has enjoyed the benefits that come with being the first in an industry. Fast forward to today, the United States alone has recorded more than 400 companies looking to make and sell electric vehicles, and the competition is becoming stiff. In Italy, AEHRA, an EV startup isn’t fazed by all the existing and upcoming players in the electric vehicle space because it has an ace up its sleeve. According to AEHRA CEO Hazim Nada, the company will bring freshness to EV…

FridayNov 11, 2022 1:28 pm

Unprecedented Chip Shortage Lengthens Wait Times for EV Buyers

As more people become interested in electric vehicles because of the high costs of gasoline and the government rebates as well as a growing awareness about climate change, potential buyers are being told they have to wait for months and even years before their preferred EV can be available. The worldwide shortage of microchips is one key bottleneck preventing manufacturers from ramping up their production to meet growing demand. Microchips control nearly every function in electric vehicles from monitoring the state of charge in the battery to the driver assist function and how the touchscreen on the dash operates. When…

ThursdayNov 10, 2022 10:28 am

Australian Company Innovates Airbnb Model to Facilitate Electric Vehicle Charging

As more people opt for electric vehicles in a bid to cut the running costs of their vehicles and heed calls to tame runaway climate change, entrepreneurs are seeing opportunities in the challenges faced by the early adopters to EV technology. One big complaint has been a shortage of charging facilities, and an Australian company is showing how this problem can be resolved creatively through reimagining the Airbnb business model. Chargehound, an offshoot of Parkhound, is the company looking to give homeowners with a charging station the chance to make some money while helping EV owners find a place to…

WednesdayNov 09, 2022 1:07 pm

Car Dealers, Mechanics Grapple with New Challenges as Electrification Intensifies

As the demand for electric vehicles grows in different regions around the world, car dealerships and mechanics are coming face-to-face with new challenges as the changes brought by electric cars filter through to them. Given that electric vehicles can have very high-power electric systems, to the tune of 800 volts in some cases, mechanics need to acquaint themselves with these systems in order to stay safe while doing their work. For example, one would imagine that a panel beater may not need to know much about the current running through an EV, but this specialist is required to learn how…

TuesdayNov 08, 2022 1:26 pm

Xpeng’s EV Deliveries Drop to Half of Nio, Shares Slide

According to statements released by a trio of Chinese electric vehicle startups, the October deliveries made by Xpeng dropped to about one-half of those made by its local rivals Nio Inc. and Li Auto. This poor sales performance caused the shares of Xpeng to drop versus those of its rivals. While Xpeng reported that it had delivered 5,101 EVs in October, Nio says it dispatched 10,059 electric vehicles to its customers while Li Auto delivered a total of 1,052 cars during the month of October. This marks the third consecutive month that Xpeng’s deliveries have declined. The market for electric…

MondayNov 07, 2022 10:40 am

Saudi Arabia Partners with Foxconn to Build Electric Cars

PIF, the sovereign wealth fund in Saudi Arabia, has announced that it will start manufacturing electric vehicles (EVs) within the kingdom through a partnership with Foxconn, a company that makes iPhones for Apple Inc. This foray into the EV space is geared at diversifying the kingdom’s economy away from overdependence on oil. In a statement, the wealth fund indicated that Ceer would be the first EV brand produced in Saudi Arabia by the Saudi government-owned fund. The statement added that the brand would design, produce and market several models of electric vehicles to consumers primarily in Saudi Arabia as well…

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