NewsRoom Articles - Page 77 of 130

ThursdayMay 12, 2022 1:14 pm

Experts Look for Additional Ways to Make EVs More Efficient

As battery technology makes major strides forward and fossil fuel prices soar, electric vehicles have shifted from being a niche product to a viable answer to the transportation needs of today and the future. However, researchers are sounding the alarm bell that if the attention of experts doesn’t stretch beyond trying to improve EV batteries alone, it may be hard for electric vehicles to serve humanity’s transportation needs as reliably as the combustion engine has done for a century. David Klink, an EV researcher based at Monash University in Australia, says the current attention placed upon improving battery tech is…

WednesdayMay 11, 2022 11:41 am

Volkswagen Announces a Sell Out of Its EVs

German automaker Volkswagen has revealed that it has sold all the electric vehicles that it plans to sell this year in Europe and the United States. This means that anyone who wants to order an electric vehicle made by a VW brand will have to be patient until next year before their order can be delivered. Herbert Diess, the Group CEO of VW, revealed that in total, the company’s brands of Porsche, Audi, Skoda and Volkswagen had a combined backlog of 300,000 orders that were yet to be fulfilled in Western Europe. Add to this the orders from the rest…

TuesdayMay 10, 2022 3:16 pm

Why the Cost of EVs Is Increasing Despite Drop in Battery Prices

Over the last 10 years, the price of batteries has declined significantly. Analysts expected that the prices of electric cars would drop as the prices of batteries reduced, as batteries are the most expensive feature of these cars. This, they expected, would make electric cars more affordable. Despite the lower battery prices, the price of electric cars remains high. Figures show that since 2012, the average cost of the battery of an electric car has dropped by more than 80% while the price of a new electric car has increased by over 80%. The primary reason for this gap is…

MondayMay 09, 2022 1:34 pm

DOE Announces $45 Million Allocation for Advanced Electric Vehicle Battery Development

Earlier this week, the Energy Department announced that it would be allocating $45 million in funding for the development of advanced batteries for electric cars. Through its Advanced Research Projects Agency-Energy, the department is launching its electric car program, which entails the development of more resilient, efficient, convenient and affordable batteries. Jennifer M. Granholm, the U.S. Secretary of Energy, stated that advanced batteries would enable electric cars to charge faster and last longer, which would play a crucial role in accelerating the deployment of electric trucks and vehicles. Granholm added that an electrified transportation sector would be beneficial to individuals…

FridayMay 06, 2022 12:01 pm

Five Factors Fueling the Growing Popularity of EVs

As the fight against climate change continues and the use of fossil fuels is phased out, the adoption of electric vehicles is growing. However, while most states are now on board with the idea of EVs, this wasn’t the case a couple of years ago. Experts believe that various cultural, political and economic factors have helped create the conditions for this shift. We discuss some of these factors below. Lower costs Electric cars need rechargeable and energy-dense batteries to function. The prices of these vehicles were very high, especially before the price of li-ion battery packs reduced significantly. Despite this…

ThursdayMay 05, 2022 12:59 pm

Inside the US Government Plan to Make EV Chargers Widely Available

Many see electric cars as the vehicles of the future, especially as the world transitions from the use of fossil fuels. However, some are concerned about how electric cars get their juice, which is by charging. No one wants to be stuck in the middle of nowhere with no battery left. Running out of power with no charging station is said to be one of the biggest obstructions to the mass adoption of electric cars. So to help address these concerns, the Biden administration is planning to install chargers to make it easier for owners of electric vehicles to charge…

WednesdayMay 04, 2022 3:24 pm

Tesla Slashes Price of Home Chargers After Removing Them from New EV Purchases

Tesla Inc. (NASDAQ: TSLA) recently slashed the price of a pair of its home chargers. This comes after it removed the chargers, which had been included with the new cars being delivered. The auto manufacturer then included the chargers in its online configurator in an effort to remind new consumers to purchase one during vehicle purchases. Since it was established, the automaker had been including a mobile charger with every new vehicle it delivered. However, Tesla CEO Elon Musk claimed recently that the company had usage statistics that showed that the use of these chargers wasn’t very high. This claim…

TuesdayMay 03, 2022 3:20 pm

Invesco Launches EV Metals-Focused ETF Amid Energy Transition

Invesco, an independent investment management firm, recently launched its EV Metals ETF earlier last week. This comes as forecasts call for more metals required for the transition to renewable energy use in an effort to decrease dependence on fossil fuels. The exchange-traded fund, which is officially referred to as the Invesco Electric Vehicle Metals Commodity Strategy No. K-1 ETF, is trading under the EVMT ticker. It holds futures contracts tied to iron ore, aluminum, zinc, copper, cobalt and nickel. The company is betting that the increasing interest in electric cars will create a new trading opportunity in the metals needed…

MondayMay 02, 2022 2:09 pm

ICE to EV Conversions Are Growing, But Waitlists Are Long

Interest in electric cars has significantly risen these last few months as concerns about pollution and climate change increase and the price of gasoline continues to soar. However, the hiccups affecting the electric car supply chain have led to shortages of new electric cars. This has in turn led to an increase in prices for used EVs. Specialty Equipment Market Association head Mike Spagnola stated that these shortages would make the conversion of internal combustion engine cars to electric cars become more popular, particularly for classic vehicle owners, noting that this market would grow considerably this year. Spagnola explained that…

FridayApr 29, 2022 12:56 pm

Montreal Electric Car Show Highlights Increase in Demand for EVs

This past weekend, the Montreal Electric Vehicle Show was held at the Olympic Stadium in this Quebec town. The stadium’s floor was filled with thousands of individuals who were testing and checking out various hybrid or electric vehicles on the market. Individuals were also allowed to test a number of scooters and electronic bikes on the indoor track. Interviews show that attendees were concerned about abouth the environmental impact of gas-powered cars as well as how their lifestyles could become more sustainable. This, coupled with the climate change crisis, has prompted many to make the switch to using electric cars.…

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