NewsRoom Articles - Page 76 of 117

WednesdayNov 17, 2021 1:27 pm

Toyota Announces Its First Mass-Produced EV

Japanese automaker Toyota has made the first major step toward electrifying its lineup. While Toyota pioneered the hybrid engine more than two decades ago with the Prius, it still hasn’t made a significant investment in battery electric vehicles (“EVs”) compared to other established automakers. That may soon change now that Toyota has unveiled details about its first mass-produced all-electric car, the bZ4X. The electric SUV will come with a 71.4kWh battery with around 310 miles of range. According to Toyota, the accompanying 150kW DC charger will be able to recharge the EV to 80% in only 30 minutes. There will…

TuesdayNov 16, 2021 9:35 am

Congress Passes Biden’s Infrastructure Bill

President Joe Biden recently scored his first major win in the White House after the U.S. House of Representatives passed his gargantuan $1.2 trillion infrastructure bill. The historic bill, which allocates billions of dollars to electric vehicles (“EVs”) and public charging infrastructure, passed the Senate in August and is now headed to Biden’s desk for his signature. The nascent electric vehicle industry and ancillary sectors will be major beneficiaries, with the bill earmarking $7.5 billion for the development of a nationwide network of charging stations. Furthermore, $65 billion will be invested in clean energy and renewables to reduce the electricity…

MondayNov 15, 2021 9:30 am

Lyft, Inc. (NASDAQ: LYFT) and Uber Technologies, Inc. (NYSE: UBER) Could Be Hit by Switch to EVs

Before Uber (NYSE: UBER) and then Lyft (NASDAQ: LYFT) came onto the scene, traditional taxi cabs reigned supreme on the roads. However, the ride-hailing apps quickly edged out taxi cabs as they allowed for speed and flexibility that taxis just couldn’t match. As long as you had the Uber or Lyft app, you could order a ride and have it there within just a couple of minutes. After nearly a decade in the game, ride-hailing apps are now facing mounting competition from electric vehicles. With the country on track to electrify its transportation sector as part of its environmental conservation…

MondayNov 15, 2021 8:00 am

Mullen Automotive Inc. (NASDAQ: MULN) Is ‘One to Watch’

Mullen Automotive is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life The company commenced trading on the Nasdaq Capital Market on November 5, 2021, following a stock-for-stock merger with Net Element Inc. The Mullen FIVE EV Crossover, debuting at the Los Angeles International Auto Show (“LAIAS”) on November 17, 2021, is currently open for reservations The global EV market is forecast to grow at a CAGR of 22.6% through 2027 Mullen is led by CEO and Founder David Michery, a seasoned executive with more than…

FridayNov 12, 2021 9:30 am

EV Manufacturer Rivian Hopes for $53 Billion Valuation During IPO

Weeks after unveiling the industry’s first mass-production electric truck, American electric vehicle (“EV”) maker Rivian is poised for an initial public offering (“IPO”) on the NASDAQ stock exchange that could see it achieve a valuation of $53 billion. Documents filed with the Securities and Exchange Commission (“SEC”) in New York indicate that Rivian plans on issuing 135 million shares at $57 to $62 to raise $8.4 billion in capital. With a $53 billion valuation, Rivian would be more valuable than carmakers such as Kia and Nissan. The California-based company has already had plenty of investor interest, attracting major players in…

ThursdayNov 11, 2021 10:45 am

Familiar Driving Rituals That Have Changed with Electric Vehicles

Electric vehicles (“EVs”) have revolutionized vehicular travel as we know it. After more than a century of dominating the roads, internal combustion engine (“ICE”) cars have found a worthy competitor in the silent but powerful EV. Several countries around the world have begun efforts to combat climate change by reducing their emissions, and this involves steadily replacing their ICE cars with zero-emission EVs. Electric vehicles draw power from massive battery packs rather than combustion engines, making for an interestingly different experience for drivers used to conventional cars. For starters, forget about car keys because it’s all about key fobs, key…

WednesdayNov 10, 2021 9:30 am

Tesla Inc. (NASDAQ: TSLA) Setting Standard for EVs, VW Boss Admits

The electric vehicle (“EV”) industry as we know it probably wouldn’t have existed if it wasn’t for Tesla (NASDAQ: TSLA). When the California-based EV maker first unveiled the Tesla Roadster in 2008, the Toyota Prius was the only vehicle on the market that had an electric motor. The Roadster was the first highway-legal, mass-produced all electric vehicle and, interestingly, the first production vehicle to be launched into deep space. More than a decade later after the Roadster revolutionized vehicular transportation, Tesla is the largest EV maker and the most valuable car company in the world. Without a doubt, Tesla is…

TuesdayNov 09, 2021 8:30 am

Maine Motorists Revved Up on EVs, But Supply Is Low

The age of the electric vehicle (“EV”) is nigh. All around the world, drivers are becoming increasingly interested in these zero-emission vehicles because of their environmental benefits and the long-term cost savings they offer. The fact that automakers are consistently working to develop superior EVs with faster charging speeds, extended range and a ton of cool features has pushed the demand for EVs even higher. However, thanks to the worldwide computer chip shortage, suppliers have been unable to meet the growing demand for electric vehicles. The situation is especially bleak in Maine, said Adam Lee, chairman of the board of…

MondayNov 08, 2021 10:32 am

Motorists Share Disadvantages of Switching from EVs Back to ICE Vehicles

Electric vehicles (“EVs”) are no longer niche products meant for car enthusiasts with extra cash to burn; ordinary drivers are increasingly ditching their gas-powered cars for battery EVs for a variety of reasons. Not only do they produce zero emissions at the tailpipe, making them perfect for drivers who are conscious of their carbon footprints, but they are also cheaper to “fuel” and maintain. On top of that, since EVs do not have an internal combustion engine (“ICE”), they present a completely different driving experience, including smooth, quiet rides and much faster acceleration compared to conventional ICE cars. As such,…

FridayNov 05, 2021 9:30 am

UK Company Commences Public Tests of Wireless Charging Technology

Throughout the electric vehicle (“EV”) sector’s relatively short life, charging has been a major hindrance to adoption. Not only do EVs take much longer to charge compared to conventional cars, especially in the absence of fast-charging infrastructure, but there is barely enough public charging infrastructure to support the current number of EVs on the road. As industry stakeholders strive to rectify this issue, wireless charging is emerging as a possible solution to the charging problem that currently plagues the EV sector. This type of charging eliminates the need for cables and transfers energy via the air to induction charging kits…

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