NewsRoom Articles - Page 79 of 119

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…

ThursdayNov 04, 2021 9:30 am

Experts Say Americans Will Soon Have More EV Options

For nearly a decade, Tesla (NASDAQ: TSLA) has been the most prominent player in the relatively new elective vehicle (“EV”) game, becoming the world’s largest EV producer as well as the most valuable car company in the world in the past couple of years. The California-based EV maker currently has the largest market share of the EV sector, with most of the electric vehicles sold in America being Teslas. According to IHS Markit, 79% of the zero-emission electric cars sold in 2020 were manufactured by Tesla, but it looks like the company’s stranglehold on America’s EV sector may have an…

WednesdayNov 03, 2021 9:30 am

100,000 Hertz EV Order Takes Tesla Inc. (NASDAQ: TSLA) Above $1 Trillion Valuation

Ever since California-based electric vehicle (“EV”) maker Tesla (NASDAQ: TSLA) unveiled the Tesla Roadster in 2008 and kickstarted the electric vehicle revolution, it has been on a roll. More than a decade later, Tesla is the largest maker of electric vehicles as well as the most valued carmaker in the world with several EV models already on the road and several more on the way. In line with its history of breaking records, Tesla made history after the Model 3 became the first battery-electric vehicle (“BEV”) to top the European monthly sales chart. On top of that, a massive order…

TuesdayNov 02, 2021 9:30 am

Xpeng to Rollout EV That Can Fly

With electric vehicles (“EVs”) poised to take over the roads as several countries work to cut down on their carbon emissions, carmakers have given their all to develop EVs. More than a decade since the Tesla Roadster catapulted EVs into the mainstream, the market has plenty of electric vehicle models, including smaller ones with limited range, larger versions filled with all kinds of gadgets, and even high-concept EVs such as a 1,000-mile solar-powered car. A company with connections to a major Chinese player has now announced that it is working on a groundbreaking electric car with the ability to fly.…

MondayNov 01, 2021 11:16 am

E-Scooter Maker Launches Two-Seater EV

You're probably going to see an increasing number of electric vehicles (“EVs”) on the roads in the next couple of years. Looking to halt the effects of more than a century of industrialization and greenhouse gas emissions, several countries have pledged to electrify their roads over the coming decades. In the meantime, plenty of automakers have taken to electrification with a passion, developing all kinds of electric passenger cars, pickup trucks, buses, vans and even motorcycles. Now, a company that had made its name manufacturing electric scooters, has unveiled an offering that may significantly increase its market reach: a small…

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