NewsRoom Articles - Page 75 of 126

MondayApr 11, 2022 2:42 pm

Hertz Inks Agreement to Buy 65,000 EVs from Polestar

Swedish electric vehicle maker Polestar has signed a deal that would see it deliver tens of thousands of vehicles over the next couple of years to car rental company Hertz. First starting out as a racing team that helped Volvo during the 1996 Swedish Touring Car Championship, Polestar pulled away from Volvo in 2017 and became a company that built and sold luxury electric vehicles. This isn’t the first time the American rental company has had dealings with electric vehicle companies; in October 2021, Hertz ordered 100,000 EVs from Tesla. The move heralded Hertz's foray into the electric vehicle segment…

FridayApr 08, 2022 3:04 pm

Lucid Motors Ramps Up Marketing to Increase Awareness of Its EVs

More than a decade after the Tesla Roadster launched and proved that electric vehicles were commercially viable, the nascent electric vehicle industry is slowly filling up with competition. Gone are the days where the only player in the EV game was Tesla; legacy auto makers and several EV startups have now thrown their hats into the ring in a bid to snag a portion of the lucrative electric vehicle market. Lucid Motors (NASDAQ: LCID), an electric vehicle manufacturer initially founded in 2007 that unveiled its first EV in 2016, has launched widespread marketing efforts. Lucid’s first offering — the Lucid…

ThursdayApr 07, 2022 2:52 pm

Will Tesla Succumb to Legacy Automakers’ Onslaught into EV Space?

For more than a decade, California-based EV company Tesla has been the dominant player in the nascent electric vehicle market. After launching the original Tesla Roadster back in 2008, Tesla was the first company to begin mass producing electric vehicles, and by 2021, it had eclipsed most major car makers in value. However, Tesla’s monopoly on the electric vehicle industry will soon be threatened as legacy automakers invest more into developing and selling EVs. As governments across the world set increasingly strict emission standards and deadlines to ban the sale of new combustion engine vehicles, legacy automakers will adopt electrification…

WednesdayApr 06, 2022 2:52 pm

Sulfur Battery Tech Could Triple EV Range by 2024

Unlike conventional internal combustion engine vehicles that run on fossil fuels such as diesel, electric cars draw their power from rechargeable lithium-ion battery packs. A typical EV has hundreds of battery cells that can store electricity and dispense it to the vehicle’s motor to propel it. While this battery setup eliminates the need for fossil fuels and produces zero carbon emissions at the tailpipe, it limits the amount of energy an EV can carry. Compared to fossil fuels, EV batteries carry far less energy and would theoretically need to be “filled up” more often. However, since the average range for…

TuesdayApr 05, 2022 2:58 pm

Study Says US Switch to EVs Could Save at Least 100K Lives by Mid-Century

The road to electrification will be long and fraught with plenty of challenges, chief of them being the high cost of EVs and poor EV charging infrastructure. At the moment, zero-emission electric cars make up less than 1% of all the vehicles on American roads. Over the next few decades, government investment in charging infrastructure coupled with reducing production costs could significantly increase EV adoption. The move to electric vehicles is part of global efforts to reduce carbon emissions and combat runaway climate change. According to a recently released report, transitioning to EVs that rely on green energy will also…

MondayApr 04, 2022 11:46 am

Vietnamese Automaker Gears Up to Build EVs in North Carolina

Tesla may have officially kicked off the electrification race and is now the largest producer of EVs in the world, but the California-based EV maker will have to contend with increasing competition soon. Specifically, carmakers from Southeast Asian countries such as China and Vietnam are poised to give Tesla and local automakers a run for their money in the coming years. For example, Vinfast, a Vietnamese EV electric vehicle manufacturer that delivered its first batch of EVs late last year has announced that it will begin constructing an EV production plant this year. According to a statement from Vinfast CEO…

FridayApr 01, 2022 2:48 pm

Starbucks to Lure Customers by Installing EV Chargers

Electric cars may not be as convenient as fossil fuel cars yet, but companies across the country are working hard to change this. From installing public chargers along roads across the country to providing facilities to keep EV drivers comfortable while their vehicles charge, much is being done to make EVs more convenient. But there’s a big difference between EVs and regular cars. While internal combustion engine cars almost exclusively get their fuel from gas stations, around 85% of all EV charging happens at home. Most EV drivers will only need to use a commercial charger when they have long…

ThursdayMar 31, 2022 3:15 pm

Washington State to Ban ICE Vehicles by 2030

The age of the internal combustion engine vehicle may finally be drawing to a close. After using fossil fuel vehicles for nearly a century, several territories around the world are now turning to zero-emission electric cars in a bid to combat climate change. A new bill signed into law by Washington State Governor Jay Inslee would see the state ban the sale of most nonelectric cars by the year 2030. As such, Washington State joins the dozens of local and national governments that have pledged to limit or outright ban the sale of internal combustion engine vehicles in the future.…

WednesdayMar 30, 2022 2:03 pm

Google Trends Reveals Record-Breaking Interest in EVs

Interest in zero-emission electric vehicles seems to be on the rise based on recent data from Google Trend. As gas prices around the country rose over the past few months, more and more Americans searched for electric vehicles on online search engine Google. Google Trend, which analyzes top search queries and their popularity on Google Search, has revealed that online interest in electric vehicles peaked in March as gas prices reached an all-time high, partly due to Russia’s invasion of Ukraine and the effect it has had on crude oil supply. But according to Jesse Toprak, the chief auto analyst…

TuesdayMar 29, 2022 2:01 pm

New Report Reveals Growing EV Sales While Gasoline Car Sales Slump

A new report reveals that more Americans are purchasing electric vehicles while sales of gas cars continue to dwindle. Electric vehicles are firmly dominating their market share, accounting for about 4% of total car sales in 2020 to 6% last year. The adoption of electric vehicles has received support from the Biden administration. The administration introduced a tax credit of $7,500 on all electric and plug-in hybrids bought new or used after 2010. The credit amount differs depending on the vehicle’s battery capacity. Many Americans are switching from gas-powered cars as shown in the report released by Alliance for Automotive…

Green Car Stocks provides insights and opportunities in the green transportation sector.

Contact us: (512) 354-7000