NewsRoom Articles - Page 68 of 127

TuesdayAug 02, 2022 1:06 pm

Average EV Prices Cross $66,000 in America as Electrification Challenges Escalate

Electric vehicles have always been expensive. The first Tesla Roadster cost more than $100,000, and more than a decade later, the average electric vehicle is still more expensive than a comparable gasoline-powered car. Experts predicted that EV prices would reduce over the next few years as production costs came down, with EVs eventually becoming as affordable as internal combustion engine (ICE) vehicles. However, average electric vehicle prices have actually increased in the past year, going up by more than 14% year-over-year to $66,000 in June. As electric vehicles were already out of reach for most consumers, even with available state…

MondayAug 01, 2022 10:08 am

New Jersey to Fork Out Millions to Boost Switch to EVs

The race to electrify the road transport network is on. The Biden administration has provided $5 billion for the development of a nationwide network of public electric vehicle chargers, and automakers have pledged to spend billions of dollars developing new electric vehicle models over the next decade. However, the high prices of most EV models prevent a significant portion of the population from ditching their internal combustion engine (ICE) cars and going electric. To help offset these costs and reduce the financial burden on buyers, the state of New Jersey will provide millions of dollars in financial incentives to EV…

FridayJul 29, 2022 11:11 am

Ford Ramps Up Battery Production to Meet EV Production Targets

American automaker Ford Motor recently announced that it has reached an agreement with a Chinese supplier to acquire electric vehicle batteries as part of its efforts to ramp up global EV production. The Michigan-based company plans on investing billions of dollars across three states to ramp up the production of new electric vehicles over the next few years. Naturally, this will increase Ford’s demand for EV batteries exponentially. As per its new agreement, Ford will source electric vehicle batteries from the Chinese firm Contemporary Amperex Technology Company Limited (CATL), currently the largest producer of batteries on the globe. This means…

ThursdayJul 28, 2022 11:35 am

World Conservation Day Special: Rapid EV Adoption Could Save 10% of Worldwide Cropland Expansion

Humanity as a whole has come a long way from early men who used rudimentary stone tools. But in our efforts to industrialize, we have caused significant damage to the planet, pumping the atmosphere full of greenhouse gases and converting large swathes of nonagricultural land into agricultural land. Studies have found that cropland expansion is often associated with the exhaustion of critical ecosystem services, loss of biodiversity and higher carbon emissions. Zero-emission vehicles, which are poised to play a significant role in the fight against climate change, may also be integral in limiting cropland expansion. According to a new paper…

WednesdayJul 27, 2022 11:31 am

Differences Between Charging EV at Home, On the Road

If you are considering purchasing an electric vehicle (EV) as your next car, it is important that you know that the EV experience is fundamentally different from the ICE experience, especially when it comes to charging. While refilling a traditional gasoline-powered car is as simple as pulling into a gas station, EV drivers have to think about factors such as range, how long it takes to recharge and the availability of public chargers in their neighborhoods. Different electric vehicle models will come with different ranges. This range isn’t set in stone and will be affected by factors such as speed,…

TuesdayJul 26, 2022 2:16 pm

Hyundai Confirms Development of a $20,000 EV for European Market

South Korean automaker Hyundai has announced that it is developing an affordable electric vehicle for the European market. Although European drivers won’t be able to get their hands on Hyundai’s entry-level EV any time soon, the $20,000 EV will undoubtedly be among the most affordable models in an industry that is plagued with high prices. Most electric vehicle models, even the more affordable ones, tend to be costly, essentially locking out a large portion of the population that doesn’t have tens of thousands of dollars to spend on a car. As with many legacy automakers, Hyundai has plans to electrify…

MondayJul 25, 2022 1:01 pm

Nissan to Discontinue Nissan Leaf EV Soon

A recent report from Automotive News has revealed that Nissan plans on discontinuing the Nissan Leaf in the next couple of years. One of the first electric cars to be produced for the mass market, the Nissan Leaf debuted in 2010 and reached the American market more than a year before the Tesla Model X. The report states that Nissan will not manufacture another generation of the Leaf, choosing instead to develop a new EV model that better meets the need of modern electric vehicle buyers, and ending production of the Leaf “mid-decade.” According to the Automotive News report, the…

FridayJul 22, 2022 12:26 pm

UK Company Earmarks $95 Million to Establish Hydrogen Fuel Gigafactory

Battery electric vehicles (BEVs) are expected to be the next stage of vehicular travel as several territories across the world ditch fossil-fuel vehicles as part of their green-energy strategies. Since they are powered by rechargeable batteries rather than a combustion engine, EVs produce minimal emissions at the tailpipe. Automakers have gone all-in on electric vehicles, beginning to roll out a variety of EV models and pledging to invest billions of dollars in EVs over the next decade. One United Kingdom company, however, is throwing its hat into an alternative energy segment that has seen little investment. London-based Johnson Matthey (JM)…

ThursdayJul 21, 2022 11:39 am

GM, Partners Team Up to Establish 2,000 EV Charging Points

America’s transition towards zero-emission electric vehicles is well underway, but several factors still stand in the way of mass EV adoption. One such issue is the lack of public EV charging infrastructure in the country. While internal combustion engine (ICE) cars can pull into one of the more than 145,000 gas stations in the country to refill their tanks, EVs have an insufficient public charging infrastructure. This means that drivers who do not own garages or have access to private garages tend to shy away from electric vehicles because they would be forced to rely on public chargers to keep…

ThursdayJul 21, 2022 11:15 am

Mullen Automotive Inc. (NASDAQ: MULN) Recently Featured on Benzinga, Noting Solid-State Battery Test Results that Exceed Expectations, Extend EV Range

MULN shares traded higher after Benzinga stated that the emerging EV manufacturer had reported higher-than-expected battery test results Data shows the company’s proprietary solid-state polymer batteries can deliver more than 600 miles of range on a full charge The company plans to include the new batteries in its second-generation Mullen FIVE EV Crossover Mullen Automotive (NASDAQ: MULN) was featured in a recent Benzinga Brief. The short summary noted that the company, an emerging electric-vehicle manufacturer, had reported results of its solid-state polymer battery testing, which exceeded expectations (https://ibn.fm/XI6Fa). Noting that shares were trading higher after the news, Benzinga quoted David…

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