NewsRoom Articles - Page 69 of 117

WednesdayMar 02, 2022 9:00 am

Toyota Motor Corp. (NYSE: TM) Patents Reveal Upcoming EV Will Have Manual Transmission System

Toyota (NYSE: TM) is seeking to maintain the manual transmission in electric vehicles (“EVs”). This news comes after patent applications by the carmaker were posted on Toyota BZ Forum, a forum of Toyota enthusiasts. A total of eight patents are attached, detailing different features that the manual electric model will have. Electric cars mainly have one or at most two forward gears. However, in this case the documents revealed the presence of a clutch pedal and a shifter that are not connected to the car’s electric motor. The car will rely on sensors and software to make a manual transmission.…

TuesdayMar 01, 2022 9:30 am

New Research Shows Home EV Charging to Grow 360% by 2026

The growing popularity of electric vehicles (“EVs”) will lead to a rise in spending in charging options, particularly home charging. According to new research, spending on home charging is set to increase by 390% by 2026. When it comes to charging, electric car owners have to deal with the high charging costs of public networks as well as limited availability. Home charging thus provides electric car owners with convenience and reduced charging costs. According to a research by Juniper Research, a research and consultancy firm, the amount of money spent on home charging in 2021 was $3.4 billion. These figures…

MondayFeb 28, 2022 9:30 am

Chinese Authorities Approve Construction of Audi-FAW Joint Plant

On Feb. 11, 2022, Chinese authorities approved the construction of an electric vehicle (“EV”) manufacturing plant by Volkswagen Group’s Audi and its China-based partners FAW Group. The construction of the EV plant will cost about $3.3 billion. China is the largest global market for electric vehicles. The country recorded 160% growth in EV sales last year with a total of 3.3 million units sold. Therefore, this project is vital to Audi’s electrification strategy as it expands its presence within China. According to a spokesperson from Volkswagen Group, the project is set to begin in the second quarter of the year.…

FridayFeb 25, 2022 9:30 am

EV Sales Surged 109% Globally in 2021 with Tesla Inc. (NASDAQ: TSLA) Firmly on Top

Global demand for electric vehicles (“EVs”) is on the rise. Despite car makers dealing with chip shortages and supply chain disruptions, 2021 sales rose by 109% in comparison to the previous year. In a report released last week by marketing firm Canalys, about 6.5 million battery electric and hybrid vehicles were sold, with Tesla (NASDAQ: TSLA) accounting for 14% of the market share. According to the report, the global car market expanded by 4% last year with EV sales accounting for 9% of total passenger car sales. Most electric cars, about 85%, were sold in Europe and mainland China. Mainland…

ThursdayFeb 24, 2022 9:30 am

EV Ads Reign During Super Bowl

Within the next year, several carmakers are looking to release new electric vehicle (“EV”) models, and the Super Bowl provides a wonderful opportunity for these companies to showcase through advertising. General Motors, Kia, BMW and Polestar are some of the big names that have featured electric vehicles in their ads. It is estimated that the average ad spot during the Super Bowl is about $6.5 million for 30 seconds. The increase in releases fits into the growing interest in electric vehicles in the United States. This transition to clean energy will lead to a reduction of carbon emissions from the…

WednesdayFeb 23, 2022 9:30 am

Could Tesla Inc.’s (NASDAQ: TSLA) Cybertruck Kill Off Traditional Pickups?

In a recent YouTube video, a Tesla (NASDAQ: TSLA) investor said that the company’s latest Cybertruck is in motion to kill off the traditional pickup truck. According to Dave Lee, the design of the Cybertruck is the best for a vehicle whose toughness makes its use more efficient. The design of the Cybertruck is Tesla's best and, according to the brand’s chief designer, the overall appearance is meant to match the vehicle’s functionality. In a podcast interview with Spike’s Car Radio, Franz Von Holzhausen said the design took a first-principles approach stating that priorities were placed on the truck's utility…

TuesdayFeb 22, 2022 9:30 am

White House Rolls Out $5 Billion Plan to Fund EV Chargers for US Highways

On Thursday, the U.S. Departments of Energy and Transportation announced that they will allocate about $5 billion over the next five years to states to provide access to electric vehicle (“EV”) charging. This is part of the $7.5 billion bipartisan infrastructure package that will see electric charging stations distributed across U.S. highways. This latest funding effort is part of the $1 trillion infrastructure bill that Congress approved in November. This year, $615 million will be allocated to the states whose submitted plans receive a green light from the federal officials. In the press conference, U.S. Transportation Secretary Pete Buttigieg said…

FridayFeb 18, 2022 9:30 am

US Army Plans to Build EVs, Reduce Greenhouse Emissions

Last week, the US Army unveiled its plan to make its operations environment friendly through its climate strategy. One of the main aims mentioned in the strategy is to reduce the emissions of greenhouse gas. The US Army is the oldest branch of the military, and it has bases in some 70 countries. According to the Conversation, the military burns more resources than over 140 countries, making the enterprise one of the world’s biggest pollutants. Last year, a petroleum leak from fuel used by military vehicles resulted in a health crisis after it poisoned water that is relied on by…

ThursdayFeb 17, 2022 9:30 am

Chargeway App Allows EV Owners to Find Charging Spots in North America

Chargeway has launched an app that will allow its users to find charging spots for their electric vehicles (“EVs”) in North America. The app is available on devices running iOS 14 and can be integrated with Apple’s Carplay. In addition to locating charging facilities, the app also offers a trip-planning feature. The app is created by Chargeway, a company that was founded in 2018 by branding strategist Matt Teske. He formed the startup with the idea of supporting EV owners who have a hard time locating charging points, a major problem affecting EV adoption in the United States. He tested…

WednesdayFeb 16, 2022 9:30 am

This Swiss Company Is Fast Tracking EV Adoption

Efforts to reduce the planet’s carbon footprint are gaining momentum all over the world. In the United Kingdom, the government has set a goal to ban cars that run on fossil fuels by 2030. This has led to a boom in the electric vehicles (“EVs”) industry with the adoption of zero-emissions cars. However, the industry is facing challenges with the availability of charging stations and other infrastructure. According to the Guardian, the UK only has about 28,000 public EV charging devices. To fix this problem, Juice Technology is revolutionizing the experience of electric car owners by making charging infrastructure flexible…

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