NewsRoom Articles - Page 81 of 120

WednesdayOct 20, 2021 9:30 am

Nine in Ten Vehicles Sold in Norway Are Hybrid or Fully Electric

Although the entire globe should be focused on reducing reliance on fossil fuels by eliminating internal combustion engine (“ICE”) vehicles in favor of zero-emission electric vehicles (“EVs”), significant EV adoption has been limited to select regions. China, Europe and the United States are home to a majority of the electric vehicles in the world, with most of them operating in urban areas. Europe, which has battled with China for the top spot as the largest EV market, is home to the world’s most promising EV industry, Norway. In 2020, electric vehicle sales in the Nordic country reached 54.3% of total…

TuesdayOct 19, 2021 9:30 am

EV Adoption Currently Too Slow to Address Climate Challenges

The discovery of fossil fuels followed by the development of the combustion engine was a game-changer for humanity. In less than 50 years, the world went from traveling on horseback and tilling the land with ox-drawn plows to driving automobiles and building massive factories. The internal combustion engine (“ICE”) was integral to industrialization, but despite all the good it has done for the advancement of humanity, burning fossil fuels for more than a century has had a catastrophic effect on the planet. Increased greenhouse gas emissions has led to the planet steadily heating up for decades, and the effects are…

MondayOct 18, 2021 9:30 am

Study Shows Wireless EV Charging Could Cut Fleet Costs by 50%

As the world strives to switch to clean, renewable sources of energy, several countries have pledged to replace the internal combustion engine (“ICE”) vehicles on their roads with zero-emission electric vehicles (“EVs”). However, EV adoption has remained low mostly because of high costs, range anxiety and insufficient EV charging infrastructure. Experts have posited that rather than focusing most of their energy on pushing for the adoption of passenger electric vehicles, authorities should instead focus on electrifying fleets. Not only do the municipalities behind these fleets have the resources to purchase EVs and install private charging infrastructure, but they will benefit…

FridayOct 15, 2021 9:41 am

Company Launches Fastest EV Charger in the World

As the effects of burning fossil fuels for more than a century become apparent amid global warming and extreme weather, several territories across the world have pledged to switch to zero-emission vehicles. Powered by lithium-ion battery cells, these vehicles produce zero emissions at the tailpipe, making them the perfect vehicle for a carbon-neutral economy. However, a variety of issues, including insufficient fast-charging infrastructure and range anxiety, have stood in the way of widespread electric vehicle (“EV”) adoption. Fortunately for green-energy proponents and EV lovers, one of the biggest players in the EV fast-charging game has unveiled a groundbreaking charger that…

ThursdayOct 14, 2021 2:00 pm

Report Shows European EV Market Could Hit $855 Billion by 2028

The future of vehicular transport is undoubtedly electric. Several governments of countries in Europe, Asia and the Americas have pledged to replace a large percentage of the gas-powered vehicles on their roads with zero-emission electric vehicles (“EVs”) over the next few decades as the effects of human-induced climate change become more apparent. For most of the nascent EV sector's life, Europe and China have competed for the top spot as the world's largest EV market. According to a new market research report, Europe's chances of cementing its position at the top by the end of the decade are quite high.…

WednesdayOct 13, 2021 11:44 am

Why EV Stocks Are Skyrocketing Amid Dropping Sales

For the past year or so, the world has been gripped by a shortage of semiconductor chips. Extremely crucial components in a wide variety of industries, these chips are needed for everything from smartphones and laptops to washing machines and cars. As such, several industries have been disrupted by the chip shortage, resulting in halted production and reduced sales as manufacturers wait for the global supply of chips to bounce back. The electric vehicle (“EV”) industry, which was just starting to pick up steam when the coronavirus pandemic exacerbated the shortage, has not been spared. But curiously, despite reduced vehicle…

TuesdayOct 12, 2021 1:36 pm

Ford Motor Company (NYSE: F) and Amazon-Backed Rivian Files IPO Paperwork

Rivian Automotive, the U.S.-based electric truck startup with financial backing from Amazon and American automaker Ford Motor Company (NYSE: F), has filed paperwork for an initial public offering (“IPO”) on the Nasdaq Stock Market. Formed back in 2009 by CEO RJ Scaringe, an engineering and lean manufacturing MIT grad who prized environment conservation and sustainability, Rivian has been involved in electric vehicle (“EV”) technology and autonomous driving for several years. Weeks after Rivian started delivering its first passenger EV, the R1T pickup, it is now looking to become a publicly traded company in the United States. The Irvine, California-based company…

MondayOct 11, 2021 9:30 am

Five Midwest Governors Team Up on EV-Charging Infrastructure

Electrification is poised to revolutionize the global transportation sector, turning it from an industry that's responsible for one-third of the world's greenhouse emissions to a zero-emissions space. As several countries across the globe have revealed plans to replace internal combustion engine (“ICE”) vehicles with electric vehicles (“EV”), authorities and automakers are working to make this dream a reality. The nascent EV sector still has plenty of barriers before it can fully replace ICE cars, and a partnership between governments and the private sector is crucial if we are to achieve our emission standards and climate change goals. A recently announced…

FridayOct 08, 2021 11:08 am

Lucid Group Inc. (NASDAQ: LCID) to Deliver EVs With More Range than Teslas (NASDAQ: TSLA)

Lucid Group (NASDAQ: LCID) has set its sights on reaching the top of the electric vehicle (“EV”) space and is working tirelessly to achieve that goal. Last week, the California-based startup announced that it would start delivering electric vehicles with more range than Tesla's (NASDAQ: TSLA) premium EV models in late October. The EV maker made the announcement when it invited investors, policymakers, initial customers and members of the media to its Advanced Manufacturing and Powertrain Manufacturing plant in Casa Grande, Arizona. The Arizona plant, which employs around 400 employees and plans on beefing up staff numbers as production ramps…

ThursdayOct 07, 2021 9:30 am

Ford Motor Company (NYSE: F) Announces $11 Billion Investment in EV Factories

Despite Tesla leading the electric vehicle (“EV”) charge as the largest EV producer in the world, legacy automakers are working hard to catch up with the California-based EV startup. Ford Motor Company (NYSE: F), which recently unveiled an electric version of its best-selling F-150 pickup truck, has announced that it will invest billions of dollars into significantly expanding its lineup of electric vehicles. This investment will see the American automaker build its largest-ever factory as well as two battery factories to provide battery packs for its EVs. In partnership with South Korean energy company SK Innovations, Ford Motor Co. will…

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