NewsRoom Articles - Page 81 of 124

MondayDec 27, 2021 9:30 am

Toyota Motor Corp. (NYSE: TM) to Spend $35 Billion on Electrification, Unveil 30 Models by 2030

For the longest time, Toyota Motor’s (NYSE: TM) only electrified cars have been hybrids such as the Toyota Prius hybrid, first launched in October 1997. But while fellow automakers and electric vehicle (“EV”) startups have developed a variety of pure battery-electric vehicles (“BEVs”) and unveiled plans to produce even more EV models over the next decade, the Japanese automaker has dragged its feet in comparison. However, Toyota recently announced that it is finally wading into the battery electric vehicle segment and significantly increasing its EV lineup. The automaker plans on investing a whopping $70 billion on electrification over the next…

ThursdayDec 23, 2021 9:30 am

Biden Wants All Light Vehicles on Federal Fleets to Be EVs by 2027

President Joseph Biden based his campaign on electrification and clean sustainable energy. More than a year after he won the election, he is working to keep the promises he made. He unveiled a plan to build a network of half a million charging stations shortly after assuming office, and just a few weeks later, he signed a $2 trillion infrastructure bill that would provide funding for this electric vehicle (“EV”) charging network into law. On Dec. 8, 2021, the White House announced that it intends for all new light-duty vehicles bought for the federal fleet to be electric by 2027…

WednesdayDec 22, 2021 9:30 am

Data Shows BEV Sales Doubled in the US Between January and October 2021

This year has been a good year for the nascent electric vehicle (“EV”) sector, all things considered. Although the economy is still struggling to recover from the effects of the coronavirus pandemic, data shows that battery electric vehicle (“BEVs”) sales nearly doubled between January and October. With the effects of climate change becoming clearer every year, several governments have revealed plans to achieve carbon neutrality by 2050, and automakers have been developing new EV models. However, EV adoption has been quite slow owing to factors such as high costs and limited charging infrastructure. Nevertheless, car registration data sourced from Experian…

TuesdayDec 21, 2021 2:00 pm

General Motors Company (NYSE: GM) to Inject $3 Billion into Michigan EV Projects

Electrification is picking up more steam as countries pass increasingly strict tailpipe emission standards and more players join the nascent electric vehicle (“EV”) industry. Furthermore, the electric vehicle game isn’t limited to just EV startups; most established automakers are also working on electrifying their vehicle lineups and surpassing Tesla, which is currently the world’s largest electric vehicle maker. General Motors Company (NYSE: GM) plans to achieve this goal in large by leveraging existing manufacturing facilities and retrofitting them to build electric vehicles. And like fellow automakers, GM will invest a significant amount of money in electrification in the next decade.…

MondayDec 20, 2021 9:48 am

What the New Battery Chemistry for Tesla Inc. (NASDAQ: TSLA) Model Y, Model 3 Means

Electric vehicles have one core aspect that makes them extremely superior to combustion engine vehicles: they produce zero emissions at the tailpipe. By eliminating combustion engines and the fossil fuels that power those engines in exchange for rechargeable battery packs, automakers can reduce vehicle emissions by a significant margin. With a large portion of the world looking to cut down greenhouse gas emissions in a bid to arrest runaway climate change, EVs represent the next logical evolution of vehicular transport. However, EV technology is still relatively new, and players in the EV and battery-making spaces are constantly tweaking their formulas…

FridayDec 17, 2021 2:00 pm

Fords Sets Two-Year Timeline for Earning Second Spot in EV Sector

Like most established automakers, Ford Motors is looking to electrify its vehicle line-ups and carve a section of the nascent electric vehicle (“EV”) market for itself over the next couple of decades. Ford has already released the award-winning Mustang Mach-E and is currently developing an electrified version of its bestselling F-150 pickup truck. Additionally, the Dearborn, Michigan-based automaker has invested $500 million in electric vehicle startup Rivian for more than 10% ownership. According to a Ford executive, the company is now looking to significantly ramp up EV production in the next couple of years. Ford plans on increasing electric vehicle production…

ThursdayDec 16, 2021 12:09 pm

BYD Partners with Toyota to Make Affordable EV

Although the race for electrification was kicked off by an electric vehicle (“EV”) startup, established automakers are also looking to make their mark in the nascent EV industry. Automakers such as Hyundai, General Motors and Ford have already released EVs while others that don't yet have electric cars on the road are working on extensive electrification plans. Now a report from Reuters claims that Toyota, which has been quite slow to join the electric bandwagon comparatively, is looking to build an electric car as well. According to Reuters, Toyota has partnered with Chinese manufacturing company BYD to develop a new…

WednesdayDec 15, 2021 11:14 am

Norway Again Proves EV Future Is Much Closer

The electric vehicle (“EV”) sector still has a long way to go. Presently, EV sales make up less than 5% of total car sales, and only a few automakers have manufactured mass-market electric vehicles. Still, more and more consumers are choosing to ditch their internal combustion engine (“ICE”) vehicles. Although America, Europe and China represent the largest electric vehicle markets in the world, Norway has consistently led the pack in per-capita electric vehicle adoption. Most of the electric vehicles in America are in urban areas. Electric car sales make up just 2% of total vehicle sales, with at least 40%…

TuesdayDec 14, 2021 11:30 am

New Trend to Watch: Enjoy Delivered Food While You Charge Your EV

Refueling a combustion engine car has been a fairly routine process for decades: drive to a gas station, refill the car, make a quick visit to the convenience store (if there’s one present) and drive away. In and out within a couple of minutes. On the other hand, electric vehicles (“EVs”) can take hours to fully recharge, with the fastest chargers adding 60 to 200 miles of range in around about a half hour. This makes for a completely different experience as drivers usually have to find something to do while their cars fill up. One of the largest elective…

MondayDec 13, 2021 10:07 am

Major Automakers Cash in on EV Revolution

The electric vehicle (“EV”) industry is poised to experience exponential growth over the next couple of decades as drivers ditch their internal combustion engine (“ICE”) cars for zero-emission EVs. As governments across the world pass greenhouse gas emissions standards, dozens of EV startups have emerged to try and fulfill the demand for sustainable vehicular transportation. Nearly a decade after Tesla’s Roadster hit the road, EV startups such as Tesla have a dedicated and loyal consumer base. With most startups coming up with new and often radical ideas, new customers eager to experience novel and sustainable technologies are flocking to them…

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