NewsRoom Articles - Page 75 of 119

WednesdayJan 05, 2022 9:30 am

2022 Looks Set to Build on 2021 EV Sector Success

The past couple of years have been great for the nascent electric vehicle (“EV”) sector. Despite the emergence of a global pandemic coupled with a financial downturn, 2020 saw consumers around the world buy and register 3 million EVs, a 41% improvement in electric vehicle sales from 2019. As 2021 rolled in, market enthusiasm for zero-emission vehicles grew even more as established automakers unveiled plans to electrify their vehicle lineups and the federal government passed resolutions that would increase the adoption of these vehicles. President Joseph Biden based part of his campaign on electrification and clean energy, and as soon…

TuesdayJan 04, 2022 9:30 am

Georgia Offers Record-Setting Incentive Package to Rivian Automotive Inc. (NASDAQ: RIVN)

The race to complete electrification is heating up. While electric vehicle (“EV”) startups such as Tesla showed the world that it was possible to mass produce zero-emission electric cars, the nascent EV market is now seeing an influx of competition from startups such as Rivian Automotive Inc. (NASDAQ: RIVN) as well as established carmakers. Rivian recently went public in one of the largest IPOs in history and achieved a valuation of more than $100 billion. The California-based electric truck maker is now working on its first electric offerings, including the electric Rivian R1T pickup truck, which will hit the market…

MondayJan 03, 2022 9:30 am

NYPD Considers Buying 250 Tesla Inc. (NASDAQ: TSLA) Electric Vehicles

If Bloomberg is to be believed, the NYPD may have joined the growing number of police departments across the country that are considering adding electric vehicles (“EVs”) to their fleets. President Joe Biden recently announced via an executive order that the entire federal fleet is to be fully electrified over the next few decades, completely eliminating the purchase of new internal combustion cars by 2035. The order required that every federal agency with at least 20 cars develop a strategy to electrify their fleets and update it annually. Although this order doesn’t include state and city police departments, several of…

ThursdayDec 30, 2021 9:30 am

Department of Homeland Security Prepares to Test Mustang Mach-E as Police Vehicle

Electric vehicles (“EVs”) manufactured by established automakers are poised to play a significant role in the proliferation of EV technology. Unlike EV startups that have to build everything from the ground up, established automakers such as Ford already have facilities, skilled manpower and connections along the supply chain. This allows them to hit the ground running once they decide to start building electric cars. Ford, for instance, introduced the Mustang Mach-E in November 2019 and began selling the premium EV in December 2020. A year later, the Department of Homeland Security (“DHS”) has revealed that it will start testing the…

WednesdayDec 29, 2021 9:30 am

How to Retain EV’s Range During Extreme Cold Weather

There’s a learning curve when it comes to using electric cars. Rather than the internal combustion engines we are all used to, electric vehicles (“EV”) use rechargeable lithium-ion battery packs and electric motors to generate power and torque. The size of the battery pack will determine your EV’s range, as well as how much energy is stored when the vehicle is at rest and how much is fed to the motors once the car is in motion. With large parts of the country capable of reaching extremely low temperatures in the winter, new drivers will have to learn how to…

TuesdayDec 28, 2021 9:30 am

White House Unveils $7.5 Billion EV Charging Plan

President Joe Biden made electrification and clean energy key components while campaigning, and after a year in office, he is keeping his promises. Most experts agree that human activity is heating up the planet. Since transportation is responsible for a significant portion of greenhouse gas emissions, adopting zero-emission vehicle technology can help bring carbon emissions down. However, America’s electric vehicle (“EV”) sector is held back by insufficient EV charging infrastructure; most EV chargers are concentrated in urban areas, and the fastest ones are only accessible to Tesla owners. Biden’s administration has unveiled a plan that would finally see the president’s…

MondayDec 27, 2021 9:30 am

Toyota Motor Corp. (NYSE: TM) to Spend $35 Billion on Electrification, Unveil 30 Models by 2030

For the longest time, Toyota Motor’s (NYSE: TM) only electrified cars have been hybrids such as the Toyota Prius hybrid, first launched in October 1997. But while fellow automakers and electric vehicle (“EV”) startups have developed a variety of pure battery-electric vehicles (“BEVs”) and unveiled plans to produce even more EV models over the next decade, the Japanese automaker has dragged its feet in comparison. However, Toyota recently announced that it is finally wading into the battery electric vehicle segment and significantly increasing its EV lineup. The automaker plans on investing a whopping $70 billion on electrification over the next…

ThursdayDec 23, 2021 9:30 am

Biden Wants All Light Vehicles on Federal Fleets to Be EVs by 2027

President Joseph Biden based his campaign on electrification and clean sustainable energy. More than a year after he won the election, he is working to keep the promises he made. He unveiled a plan to build a network of half a million charging stations shortly after assuming office, and just a few weeks later, he signed a $2 trillion infrastructure bill that would provide funding for this electric vehicle (“EV”) charging network into law. On Dec. 8, 2021, the White House announced that it intends for all new light-duty vehicles bought for the federal fleet to be electric by 2027…

WednesdayDec 22, 2021 9:30 am

Data Shows BEV Sales Doubled in the US Between January and October 2021

This year has been a good year for the nascent electric vehicle (“EV”) sector, all things considered. Although the economy is still struggling to recover from the effects of the coronavirus pandemic, data shows that battery electric vehicle (“BEVs”) sales nearly doubled between January and October. With the effects of climate change becoming clearer every year, several governments have revealed plans to achieve carbon neutrality by 2050, and automakers have been developing new EV models. However, EV adoption has been quite slow owing to factors such as high costs and limited charging infrastructure. Nevertheless, car registration data sourced from Experian…

TuesdayDec 21, 2021 2:00 pm

General Motors Company (NYSE: GM) to Inject $3 Billion into Michigan EV Projects

Electrification is picking up more steam as countries pass increasingly strict tailpipe emission standards and more players join the nascent electric vehicle (“EV”) industry. Furthermore, the electric vehicle game isn’t limited to just EV startups; most established automakers are also working on electrifying their vehicle lineups and surpassing Tesla, which is currently the world’s largest electric vehicle maker. General Motors Company (NYSE: GM) plans to achieve this goal in large by leveraging existing manufacturing facilities and retrofitting them to build electric vehicles. And like fellow automakers, GM will invest a significant amount of money in electrification in the next decade.…

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