NewsRoom Articles - Page 68 of 126

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…

WednesdayJul 20, 2022 10:42 am

EV Demand Rises, Exposes Industry Challenges and Opportunities

As the world strives to move away from fossil fuels, electric vehicles have emerged as a solution to reducing carbon emissions from transportation. But one major challenge to electric vehicle adoption is that they are too expensive for the average consumer. With the cost of living rising exponentially in the past few months, and automakers increasing the costs of their EVs, you would think that EV adoption would slow down even further as people saved their dollars. However, data shows that consumers are turning to electric vehicles in record numbers despite prevailing economic conditions, rising EV prices and long waiting…

TuesdayJul 19, 2022 12:52 pm

Canoo Shares Soar after Walmart Orders 4,500 EVs

A virtually unknown electric vehicle maker recently made the news after retail giant Walmart ordered more than four thousand of its EVs. Canoo, an EV company based in Arkansas, released a statement saying that it had signed a definitive agreement with Walmart to deliver 4,500 fully electric vans as part of efforts to achieve zero-carbon emissions and grow its delivery network by 2040. Although the retailer's plans to electrify its delivery network are public knowledge, Walmart’s preferred EV maker isn’t known to many. For the most part, the general public has been interested in companies that make passenger electric vehicles…

MondayJul 18, 2022 11:53 am

Study Shows US Motorists Prefer Rebates Over Tax Credits

Anyone who has heard or read about electric vehicles knows that they are much more expensive than the average internal combustion engine (ICE) vehicle. According to an April report from analysis firm Recurrent, the price of electric vehicles has grown by more than 20% since last year. Recently, automakers such as Tesla and GM increased the cost of their electric models amid supply chain constraints and increased production costs. To help offset the cost of EVs and increase adoption, the government provides thousands of dollars in tax credits to people who purchase EVs. However, researchers from George Washington University say…

FridayJul 15, 2022 11:16 am

Study Shows Electric Vehicles Can Be Used in Rural Areas

Electric vehicles are superior to internal combustion engine (ICE) cars in one significant way: they do not produce any emissions at the tailpipe. As such, several countries have pledged to electrify their transportation over the next couple of decades as part of a global effort to cut down on carbon emissions. However, EVs still make a small percentage of vehicles on the road and the use of those vehicles tend to be concentrated in cities and urban areas. This is primarily because the charging infrastructure needed to support electric vehicles is mostly located in urbanized areas. Furthermore, the kind of…

ThursdayJul 14, 2022 11:54 am

US Reaches Key Milestone Crucial for Mass EV Adoption

As territories around the world work to reduce their reliance on fossil fuels and cut their carbon emissions, electric vehicles have become increasingly crucial to the green energy transition. Research by Katherine Mckenzie, a faculty member at the University of Hawaii Mānoa School of Ocean and Earth Science and Technology (SOEST), shows that electric vehicles have the potential to reduce carbon emissions by a whopping 93% in 30 years. However, consumers will have to ditch their internal combustion engine (ICE) vehicles and adopt electric vehicles in mass for such a prediction to come true. This will undoubtedly require a shift…

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