NewsRoom Articles - Page 81 of 101

ThursdayMar 04, 2021 2:45 pm

EV Maker Lucid to Go Public after Completing $12B Deal

Lucid Motors, an American manufacturer of electric vehicles (“EVs”), is set to go public after completing a merger with Churchill IV Capital Corp. (NYSE: CCIV). The merger deal is worth $11.75 billion. The EV maker is run by Peter Rawlinson, who formerly worked as an engineer for Tesla Inc. (NASDAQ: TSLA). Lucid comes as the most recent EV maker to enter the IPO market at a time when investors are flocking to the electric vehicle sector after seeing the way in which the shares of Tesla have surged in the recent past. Another factor that is accelerating investor interest in…

WednesdayMar 03, 2021 1:45 pm

Solid-State Batteries Could Revolutionize EV Industry

Poised to take over the roads over the next few decades, battery electric vehicles (“BEVs”) run on clean energy and produce zero emissions at the tailpipe. The vehicles are powered by rechargeable lithium-ion (Li-ion) battery packs, similar to the batteries you see in electric appliances such as torches. EV makers and automakers are working round the clock to improve current li-ion designs to make them cheaper and more energy-dense. Although the technology is still quite young, some battery makers are looking to achieve something even more advanced, the solid-state battery. Traditional Li-ion batteries consist of solid anodes within a liquid…

WednesdayMar 03, 2021 11:20 am

Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) Investee Company PowerTap Teams with Carbonomics to Build Credits Pathway

Holding company Clean Power Capital Corp.’s investee PowerTap, a hydrogen fueling innovator, has teamed with carbon energy credits expert Carbonomics to develop and maximize the company’s ability to use clean energy credits PowerTap is driven to establish a “hydrogen highway” for environmentally conscious motorists looking for an effective alternative fuel Clean Power Capital is a majority investor in PowerTap — a key part of Clean Power’s focus on building up health and renewable energy enterprises PowerTap’s next-generation hydrogen stations are also capable of generating electricity to help them continue to pump fuel during a power outage or even potentially power…

TuesdayMar 02, 2021 12:00 pm

Aptera Receives 7,000 Preorders, $4M for 1,000-Mile-Range Solar EV

Last year, US-based EV startup Aptera caused waves when it unveiled its prototype for a lightweight, super-efficient electric vehicle (“EV”) with a range of up to 1,000 miles. After folding back a bit, Aptera relaunched in 2020, revealing plans for a three-wheeled electric vehicle it claimed would never need charging, thanks to a solar array. Two months later, the San Diego, California, firm has raised $4 million in funding and received more than 7,000 reservations. Aptera was one of the first startups in the EV space back in 2006 when Tesla was still working on the iconic Tesla Roadster. However,…

MondayMar 01, 2021 2:25 pm

Study Shows EV Drivers Travel Less Than Other Drivers

Electric vehicles (“EVs”) are fundamentally different from conventional vehicles, running on a rechargeable battery pack rather than an internal combustion engine. New research has now uncovered that, compared to the average driver, EV drivers may also have different driving habits. At least according to a study of EV driving habits by researchers at the National Bureau of Economic Research (“NBER”). The researchers discovered that compared to conventional gas-powered vehicles, electric vehicles drive half as many miles per year. EV drivers put roughly 5,300 miles every year on their cars, half as many miles as the average driver travels per year.…

FridayFeb 26, 2021 12:30 pm

Ford Motor Co. (NYSE: F) Injects $1 Billion in Germany as It Targets EU Market for EVs

Several countries across the world have set green-energy targets as the race toward electrifying the roads heats up. European countries have set what are probably the most ambitious targets, consequently pushing automakers towards adopting green energy much faster. American car maker Ford Motor Co. (NYSE: F), for instance, has unveiled plans to spend $1 billion on modernizing a factory in Cologne, Germany, as it works towards its target of selling only electric passenger cars on the continent by 2030. According to the automaker, the plant will be overhauled and used to produce Ford’s first European-built, mass-volume electric passenger car starting…

ThursdayFeb 25, 2021 2:55 pm

Five Challenges Car Makers Have to Overcome When Making Parts for Electric Vehicles

Although electric cars represent the next frontier of vehicular travel, they were bound to disrupt the century-long automotive industry and the manufacturing practices that have now become procedure. Electric vehicles (“EVs”) are powered by a rechargeable battery, unlike conventional vehicles, which rely on internal combustion engines. But the differences between the two types of vehicles don’t stop there. EVs also require slightly modified vehicle parts such as tires, brakes and even acoustic insulation compared to ICE vehicles, and this poses a challenge for car makers who have been making parts a certain way for years — even decades in some…

WednesdayFeb 24, 2021 3:15 pm

A Comparison Between Hydrogen Fuel-Cell Cars and EVs

Battery electric vehicles are the most popular green energy vehicles (“EVs”) right now, with several EV start-ups, along with legacy automakers, throwing their hats into the new EV industry. Another kind of green energy vehicle that has emerged is the hydrogen fuel-cell car or hydrogen fuel car for short. Like electric vehicles, they abandon fossil fuels and the combustion engine for another power source, but instead of a rechargeable battery, hydrogen cars use liquid hydrogen to generate electricity. The only waste product they emit at the tailpipe is water, making them a suitable replacement for fossil fuel vehicles. However, they…

TuesdayFeb 23, 2021 2:00 pm

Washington State Bill Seeks to Bypass Dealerships During EV Purchases

Unlike most automakers who sell their vehicles through franchised dealerships, EV maker Tesla Inc. (NASDAQ: TSLA) doesn’t adhere to the dealership model, instead opting to sell its electric vehicles (“EVs”) directly to customers. With plenty of people classifying visiting a car dealership as one of the last things they’d want to do, the move was met with praise from industry analysts and customers alike. If a proposed Washington State bill is successful, every manufacturer who only produces zero-emission vehicles will be able to sell directly to customers in the state. Under Bill HB 1388, automakers that exclusively produce zero-emission vehicles…

MondayFeb 22, 2021 12:30 pm

Utah Bill Hikes EV Fees, Triggers Huge Debate on Road Usage

Although the elective vehicle (“EV”) industry is quite young, it is projected to grow at an extraordinary rate over the next few decades, thus posing a great challenge to the century-old automotive industry. However, most EVs are quite expensive to purchase — so expensive that most households cannot afford to buy them. To boost EV adoption, cut carbon emissions, and meet climate goals, governments have taken to providing incentives, tax rebates, and tax credits to make them more affordable. That’s why a bill that was recently passed by Utah lawmakers has caused an uproar among environmental conservationists and green-energy proponents.…

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