NewsRoom Articles - Page 80 of 122

MondayDec 06, 2021 9:30 am

Report Indicates Apple Inc. (NASDAQ: AAPL) May Launch Autonomous Car by 2025

With the nascent electric vehicle sector poised to grow exponentially over the next decade, a couple of firms companies that haven’t been in the automotive sector have thrown their hats into the electric vehicle ring. Amazon, for instance, has invested billions of dollars in Rivian, an EV startup that will build electric vans, pickup trucks and SUVs. A new report from Bloomberg indicates that Apple (NASDAQ: AAPL) is working on an autonomous electric vehicle that will launch in 2025. Although Apple hasn’t confirmed whether or not it will launch a self-driving EV by 2025, the Bloomberg report says that the…

FridayDec 03, 2021 9:30 am

Fisker Inc. (NYSE: FSR) Unveils First Fully Electric SUV

Over the next decade, automakers and electric vehicle (“EV”) startups alike will unveil dozens of new electric vehicle models. As the government looks toward achieving a carbon-neutral future, EVs have emerged as one of the best ways to reduce fossil fuel use and cut down greenhouse gas emissions. Companies in the automotive sector have already invested billions of dollars in developing new electric vehicles for the EV market, which still makes up just a fraction of total vehicle sales. Fisker (NYSE: FSR), a California-based EV startup with backing from global alternative investment management firm Apollo Global Management, has unveiled a…

ThursdayDec 02, 2021 9:30 am

EVs in the Limelight at LA Auto Show

Auto shows have always been a great way for automakers to increase brand awareness and drum up sales. Once the coronavirus pandemic struck and large sections of the country shut down, shows such as the Los Angeles Auto Show were put on hold. Now that the country is opening up and the economy is regaining some of its lost steam, the Los Angeles Auto Show is back on, and electric vehicles (“EVs”) are poised to play a big role. With the United States looking to reduce its reliance on fossil fuels and cut down its carbon emissions, plenty of automakers…

WednesdayDec 01, 2021 9:30 am

Purdue Researchers Develop Five-Minute EV Charger

Engineers working at Purdue University say they have come up with a game-changing technology that could revolutionize electric vehicle (“EV”) charging. Presently, EVs take longer to charge compared to refueling a conventional gas-powered car. Tesla Superchargers are currently the fastest EV chargers on the market, and they take around 30 minutes to an hour to charge a battery to 80%. With funding from Ford, engineers have invented a new charging cable that could speed up charging time to only five minutes. If this technology reaches mass production, it could make EV charging as quick and efficient as fueling a gas…

TuesdayNov 30, 2021 9:30 am

EV Economy to Create Jobs, Contrary to Existing Fears

Although the electric vehicle (“EV’) sector currently makes up a small percentage of total vehicle sales, it is poised to experience exponential growth over the next couple of decades. Several countries around the world have pledged to cut emissions from vehicular transport by steadily replacing the internal combustion engine (“ICE”) vehicles on their roads with zero-emission electric cars. But as EV startup companies and established automakers prepare their facilities in readiness for ramped-up EV production, there have been increasing fears about low-skilled factory workers losing their jobs. After all, electric vehicles have fewer components compared to conventional vehicles, and as…

MondayNov 29, 2021 9:30 am

High-Speed EV Racing Helping to Advance Technology

Electric vehicle (“EV”) technology is constantly evolving. With the EV industry being only a decade old, the technology used to power EVs is still in its infancy. Researchers are constantly working to increase battery capacity and charging speed, make EVs more aerodynamic and optimize software. High-speed EV racing competitions have emerged as quite an effective means of showcasing electric vehicles and advancing EV technology. These events allow developers to put new tech to the test under extreme conditions to find out their limits and how they can be improved. Formula E, for instance, is an international championship for battery electric…

WednesdayNov 24, 2021 9:30 am

BBB Offers Buyers Tips on Choosing an EV

If you’re thinking about ditching your internal combustion engine (“ICE”) vehicle for an electric vehicle (“EV”), you probably aren’t the only one wrestling with the decision. As the effects of more than a century of industrialization become clearer, countries around the world are pledging to cut their carbon emissions to help mitigate the fallout of human-caused climate change. Zero-emission EVs are poised to play a significant role in global efforts to clean up the transportation industry and reduce the environmental pollution the sector causes. For a lot of consumers, especially those without significant amounts of disposable cash, deciding to buy…

TuesdayNov 23, 2021 9:30 am

Better Grid Management Needed to Remove EV Charging Capacity Fears

Electric vehicles (“EVs”) are poised to play a significant role in transportation as several countries across the world pledge to cut their carbon emissions and mitigate the effects of climate change. Unlike internal combustion engine (“ICE”) cars, EVs are powered by a rechargeable battery coupled with electric motors and produce zero emissions at the tailpipe. However, as automakers ramp up the development of electric cars, there have been claims about electric grids being unable to handle an influx of EVs. Electric car batteries can store significant amounts of energy, and some are worried that as more people switch to EVs,…

MondayNov 22, 2021 9:30 am

Rivian Automotive Inc. (NASDAQ: RIVN) Cruises to $100B Valuation after IPO

Rivian Automotive (NASDAQ: RIVN), an electric vehicle (“EV”) startup that has been compared to Tesla, recently went public in an IPO that is said to be the biggest for an American company since Facebook — and the biggest in the world this year. The California-based electric truck maker went public on Wednesday with its shares trading at $78 each, but by the end of its first day as a publicly traded company, Rivian shares were trading at more than $100, giving the company a valuation of $88 billion. On Thursday, Rivian’s shares went up by 30%, pushing the company’s valuation to…

FridayNov 19, 2021 9:30 am

Researchers Explore How EV Batteries Can Power Homes

Electric vehicles (“EVs”) are poised to play a significant role in global efforts to reduce greenhouse gas emissions. As several governments around the world pledge to work toward carbon neutrality and issue increasingly strict emission standards, EV start-ups and established automakers have been busy developing new EV lines. Since EVs rely on lithium-ion batteries and electric motors to run, the vehicles produce zero emissions at the tailpipe, making them the perfect choice for a carbon-neutral economy. For the past couple of years, some companies in the EV space have been evaluating a bi-directional battery technology that would allow electric cars…

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