NewsRoom Articles - Page 75 of 127

TuesdayApr 26, 2022 2:24 pm

EV Makers Intensify Quest for Raw Material Supplies for Batteries

As the world replaces the use of fossil fuels with more renewable sources of energy, the demand for electric vehicles is increasing. Manufacturers of electric cars are currently focused on securing supply for the raw materials needed to make batteries because batteries are the single biggest cost factor on EVs. Below, we look at some of the agreements major auto manufacturers have entered into with miners and suppliers. Toward the end of last year, Volkswagen entered into an agreement with Vulcan Energy Resources, which involves the provision of lithium hydroxide to the automaker from 2026. Vulcan extracts lithium from the…

MondayApr 25, 2022 11:40 am

CBS Poll Shows High Fuel Prices Are Driving Interest in EVs

A recent survey has found that about one-third of adults in America would consider purchasing an electric vehicle if they were in the market for a car. However, roughly 40% admitted that they wouldn’t consider the purchase of an electric car. The survey was carried out by CBSNews/YouGov, with a sample of 2,062 adult residents in the United States. The interviews were conducted between April 5–8, 2022. Those surveyed cited the increasing price of gas as a major reason for wanting electric cars, coupled with the belief that electric cars were better for the environment. Overall, however, higher gas prices…

FridayApr 22, 2022 11:40 am

How Electric Car Batteries Are Being Upgraded to Address New Needs

The lithium-ion battery was a groundbreaking invention that revolutionized the world and hastened the emergence of the electronics age. These days, almost every electronic device from watches and mobile phones to tablets and computers is powered by a battery. Now that several governments across the world have revealed plans to steadily replace internal combustion vehicles with zero-emission electric vehicles, batteries are poised to play a significant role in another revolution: the electrification of our transport sector. Depending on the type of battery chemistry used coupled with the size of the battery, an EV battery can take anywhere from 20 minutes…

ThursdayApr 21, 2022 2:44 pm

EVs Claim Bigger Market Share, Break 2021 Sales Record

As the world continues to fight climate change by striving to meet its climate targets, the need to reduce the consumption of fossil fuels grows. Even with the adoption of low-carbon technologies, however, the use of electric cars is crucial in helping to decrease emissions in the transport sector. This helps explain the increase in automobile brand models and investments in this area. Over the last decade, the market share of electric cars around the globe has grown more than 40 times, reach 8.3%. In 2021, electric car sales reached $6.7 million, which is quite an increase from the sales…

WednesdayApr 20, 2022 12:24 pm

Electric Vehicles Dominate Latest World Car Awards

Zero-emission vehicles have all but dominated the conversation in the automotive sector for the past couple of years. As extreme weather events continue to ravage parts of the world, several territories have resolved to replace the fossil fuel vehicles on their roads with electric cars and reduce their carbon emissions. Carmakers have taken to electrification in a big way, pouring billions of dollars into electric cars and pledging to invest even more over the coming years. Even though EVs still make up less than 1% of all vehicles, plenty of electric vehicle models on the road debuted to rave reviews.…

TuesdayApr 19, 2022 3:15 pm

Honda Bets Big on Hybrid Vehicles

With several territories across the world planning to phase out internal combustion engine cars in favor of zero-emission electric vehicles, most carmakers are hedging their bets on electric vehicles. Rising greenhouse gas emission levels coupled with climate change have underscored the need for clean, emission-free transportation. Since EVs run on electricity and produce zero emissions at the tailpipe, they are a good replacement for fossil fuel vehicles. As such, automakers have invested billions of dollars in developing electric vehicles in the past couple of years and plan to spend billions more through the decade. Japanese carmaker Honda has chosen to…

MondayApr 18, 2022 11:39 am

Chinese EV Maker NIO Increases Prices, Announces Production Halt

Like many companies across the world that rely on the global supply chain, Chinese electric vehicle maker Nio has revealed that it has been hit hard by the supply chain disruption caused by the coronavirus pandemic. Over the weekend, Nio announced that it would be raising the prices of the three electric SUVs it has on the market and halt production in the meantime. Nio’s shares fell by almost 9% following the announcement. Beginning May 10, Nio will increase the prices of its EC6, ES6 and ES7 by $1,572 (10,000 yuan). However, the recently unveiled ET5 and ET7 sedans will…

ThursdayApr 14, 2022 3:52 pm

Expert Shares How to Maximize Value from EV Batteries

If you are considering purchasing an electric vehicle in the near future, it is important that you learn how to take care of your vehicle’s battery. Unlike conventional cars that are powered by internal combustion engines, zero-emission electric cars run on rechargeable lithium-ion batteries. Nickel-manganese cobalt batteries are also gaining popularity. Taking care of your EV’s battery will be integral to maximizing your range and increasing the vehicle’s lifetime. According to Qichao Hu, an MIT and Harvard alumn who founded battery-research firm SES, most electric vehicles use lithium-ion batteries. He has been studying batteries since President Barack Obama was in…

WednesdayApr 13, 2022 2:47 pm

Musk Says the Cybertruck Will Hit the Market Next Year

Elon Musk didn’t just turn heads when he first unveiled the Tesla Cybertruck back in November 2019, he shocked the entire world. Featuring a futuristic angular design and a stainless steel body, the electric pickup looked like something out of a science fiction movie. However, the Cybertruck’s reveal was marred by something quite comical. In an effort to show the electric pickup truck's toughness, a Tesla Inc. (NASDAQ: TSLA) designer lobbed a metal ball at a window, which promptly broke. Speaking at the opening of Tesla’s new factory near Austin, Texas, Musk joked that they would “smash the window again”…

TuesdayApr 12, 2022 2:04 pm

Biden Government Hosts Musk and Barra During EV Sector Meeting

Months after he assumed office, President Joe Biden revealed plans to significantly electrify America’s transportation sector. His infrastructure bill will invest billions of dollars into building a network of public electric vehicle chargers and subsidizing EV purchases. In line with the president’s green-energy and electrification goals, senior officials from the Biden administration recently met up with major figures in the automotive sector to discuss electric cars and charging. According to the administration, the Wednesday meeting involved automotive leaders such as Elon Musk, Tesla’s chief executive, and General Motors chief executive Mary Barra. Aside from the Tesla and GM executives, Lucid…

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