NewsRoom Articles - Page 78 of 124

TuesdayFeb 08, 2022 9:30 am

China’s Pandemic-Related Restrictions Are Hurting EV Sector, Says Automaker

The containment measures put in place by the Chinese government have had a significant effect on its electric vehicle (“EV”) sector. According to Freeman Shen, CEO of WM Motor, his company has had to shoulder an increased cost of production while dealing with battery and chip shortages and supply chain issues. Despite the industry evolving quickly, he stated that production costs were the biggest challenge. Interest in both hybrid-powered and battery-only energy vehicles in China has grown over the years. With sales of more than 3.3 million units in 2021, the country became the largest market for electric vehicles in…

MondayFeb 07, 2022 9:30 am

Study Finds EVs Involved in Few Fires

According to a new study conducted by AutoInsuranceEZ, electric vehicles (“EVs”) were involved in few automobile fires when compared to hybrid vehicles and fossil-fueled cars. The researchers used data on car fires and compared that data to the information available regarding the number of vehicles bought in the United States. Relying on statistics provided by the Bureau of Transportation Statistics (car sales data) and the National Transportation Safety Board (car fires registered), the AutoInsuranceEZ analysts found that for every 100,000 hybrid cars sold, there were approximately 3,475 fire incidents reported while for every 100,000 fossil-fueled vehicles sold, approximately 1,530 fire…

FridayFeb 04, 2022 9:30 am

General Motors Co. (NYSE: GM) Announces $6.6B Injection into Michigan EV Plant

California-based electric vehicle (“EV”) maker Tesla (NASDAQ: TSLA) will soon be facing major competition from General Motors (NYSE: GM) after the automaker announced that it would invest billions of dollars into building an electric vehicle and battery manufacturing plant in Michigan, the state it calls home. General Motors wants to invest $6.6 billion by 2024 to speed up the development of electrified pickup trucks as well as install a new plant to build EV battery cells for its electric cars. According to the automaker, the investment is just part of the company’s plan to step up its production capacity in…

ThursdayFeb 03, 2022 11:01 am

Massachusetts Startup Giving Used EV Batteries New Life

Electric vehicles (“EVs”) are undoubtedly the next stage of vehicular transport. After decades of owning the world’s roads, internal combustion engine (“ICE”) vehicles are nearing the end of their century-long reign. In a bid to cut greenhouse gas emissions and halt the runaway climate change that presents an almost existential risk to humanity, several territories around the world plan on replacing ICE cars with zero-emission EVs. By using rechargeable lithium-ion battery packs rather than combustion engines, EVs do not rely on fossil fuels and produce no emissions at the tailpipe. However, as groundbreaking as they are, EV batteries can end…

WednesdayFeb 02, 2022 11:27 am

How Rebates Program Could Reenergize EV Adoption in Washington State

Electric vehicles (“EVs”) are expensive. Although the government is keen on replacing the internal combustion engine (“ICE”) cars on the roads with zero-emission EVs, the high purchase prices of the vehicles lock out a large percentage of the population. According to the Fuels Institute, the average electric car owner has an annual household income of more than $100,000. In Washington State, for instance, high price points are preventing low-income residents, who make up a significant percentage of the population, from purchasing EVs. This is despite the fact that Washington is one of the best states in the country to own…

TuesdayFeb 01, 2022 2:35 pm

Reforming Car Dealership Laws Could Boost EV Penetration

Unlike most consumer products that you can buy from either a retailer or directly from the producer, car sales can only be conducted via dealerships. Seventeen states, including Connecticut, Texas and Wisconsin, have policies that outlaw direct vehicle sales, forcing automakers to sell their vehicles through dealerships. And since these dealerships generally earn less than 10% on the sale of every new car, they earn most of their revenue through servicing, add-ons and car loans. The very nature of electric vehicles (“EV”) makes them virtually incompatible with this sales model. For starters, EVs require less maintenance over their lifetime, meaning…

MondayJan 31, 2022 12:57 pm

Do EVs Have Transmissions Like Conventional Cars Do?

Electric vehicles (“EVs”) have one major difference compared to conventional gas-powered cars — they are powered by a rechargeable lithium-ion battery rather than an internal combustion engine (“ICE”). Eliminating combustion engines and the fossil fuels used to power them makes EVs significantly cleaner than ICE cars. Now that electric vehicles are becoming increasingly popular, people are asking questions about EV technology. One common question about zero-emission cars is whether or not they have transmissions like conventional vehicles do. In traditional cars, the transmission’s function is to transfer power from the engine to the driveshaft and the wheels depending on whether…

FridayJan 28, 2022 12:50 pm

EV Battery Manufacturers Face Supply Shortfalls Amid Rising Demand

Electric vehicle (“EV”) batteries are the most important component of any EV. They are solely responsible for powering zero-emission EVs and are the most expensive component in the entire vehicle. Most battery electric vehicles on the market rely on rechargeable lithium-ion batteries for power. The thing about EV batteries is that their production requires rare, precious metals such as lithium, cobalt and nickel. However, only a few countries in the world have significant deposits of these minerals, and the mining of these minerals has raised ethical and environmental questions. With electric vehicles getting even more popular amid increased awareness and…

ThursdayJan 27, 2022 12:21 pm

New Vehicle Sales Soar in Colorado as EVs Gain Ground

According to a report from the Colorado Automobile Dealers’ Association, 10% more light vehicles were registered in the state in 2021 in comparison to the numbers for vehicle sales in 2020. Overall, the increase in new car registrations was an impressive 81%, and electric vehicles (“EVs”) took a good slice of that cake. The report indicates that in 2021, Coloradans bought 242,936 new vehicles, an increase from the 220,921 vehicles bought in 2020. The association estimates that the state will register a total of 244,400 new vehicle registrations in 2022. The data also shows that residents of Colorado love their…

WednesdayJan 26, 2022 1:42 pm

EVs Outsell Diesel Vehicles in Europe for First Time

Interest in electric vehicles (“EVs”) has been on the rise for the past couple of years. With several territories across the world looking to replace fossil-fuel-powered vehicles with a cleaner alternative, electric vehicles have emerged as the clear winner. Since they are powered by rechargeable lithium-ion batteries rather than internal combustion engines, EVs produce zero emissions. But while the technology is extremely popular, electric vehicle sales haven’t been that great in the United States. Europe, on the other hand, has made amazing strides in adopting zero-emission vehicles, so much so that in December, electric vehicles outsold petrol and diesel-powered cars.…

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