NewsRoom Articles - Page 88 of 117

TuesdayJun 22, 2021 11:58 am

Ideanomics Inc. (NASDAQ: IDEX) Completes the Acquisition of US Hybrid Marking Entry into Burgeoning EV Powertrain Market

Ideanomics completed the acquisition of US Hybrid, a manufacturer and distributor of electric powertrain parts and fuel cell engines for medium and heavy-duty vehicles IDEX paid an aggregate purchase price of $50 million in cash and stock considerations The acquisition marked IDEX’s entry into the burgeoning EV powertrain market, which is expected to grow at a CAGR of 16% from 2020 to 2027 The growth is due to several favorable factors that also bode well for the operations of IDEX and US Hybrid Ideanomics also announced that US Hybrid had received orders from Global Environment Products (“GEP”) for a fleet…

MondayJun 21, 2021 2:11 pm

Establishing Robust Charging Infrastructure Could Unlock Rapid EV Adoption

Electric vehicles (“EVs”) are poised to replace internal combustion engine (“ICE”) vehicles over the next couple of decades, but a slew of issues stand in the way of mass EV adoption. The United States is working towards achieving net-zero emissions by 2050, and electric vehicles will play a major role in reducing the country's reliance on fossil fuels and cutting emissions. However, America's EV charging infrastructure is not developed enough to support an influx of electric vehicles on the roads. Not only does America have a woefully insufficient public charging network, but most chargers are slow, meaning drivers have to…

FridayJun 18, 2021 2:50 pm

Why EVs Are Heavier Than Conventional Vehicles

It's common knowledge that modern vehicles, despite all the advancements that have been made in both hardware and software, are a less sturdy than the cars of old. You've probably seen pictures of car crashes where an old pickup truck or other such vehicle stands completely unscathed amid the wreckage of a modern vehicle. Electric vehicles (“EVs”), by virtue of being much heavier than their petrol- and diesel-powered counterparts, represent a similar risk to other drivers whenever they hit the roads. Unlike conventional vehicles that are powered by internal combustion engines, electric vehicles ditch the fossil-fuel-powered engines for rechargeable lithium-ion…

FridayJun 18, 2021 1:35 pm

DSG Global Inc. (DSGT) Receives Contracts Totaling $987,900 from New Golf Courses in US, Singapore

DSGT selected as fleet-management solution provider for new golf courses. Contracts include servicing and maintenance fees, which provide ongoing continuous monthly revenue. CEO reports continued sales records, progress in Vantage Tag and Imperium Motors divisions. DSG Global (OTCQB: DSGT), an emerging global technology company with an array of interconnecting businesses in some of the fastest-growing market sectors, and its Vantage Tag System (“VTS”) have been selected as the fleet-management solution provider for 15 new golf courses (https://ibn.fm/jvVhm). The contracts for the courses, which are located in the United States and abroad, total almost $988,000 and provide an ongoing revenue stream…

WednesdayJun 16, 2021 9:00 am

DSG Global Inc. (DSGT) Is ‘One to Watch’

The DSG Global management team has more than a century of combined experience in all aspects of the North American automotive industry, as well as more than 50 years in the design and manufacture of wireless, GPS and fleet tracking solutions DSG Global subsidiary VTS finalized nearly $1 million in contracts to install and maintain VTS Fleet Management products in Q2 2021 at 15 golf courses in the U.S. and Singapore IMC is introducing the Terra-E Truck, Electric powered RVs, Skywell Buses, Rumble/Rover E-bikes, Skywell D-11 cargo and passenger vans and the Skywell K-15 box truck, increasing the company’s product…

TuesdayJun 15, 2021 2:30 pm

7-Eleven to Install 500 EV Chargers by Next Year’s End

The shift towards electrification and clean energy is not limited to only automakers and electric vehicle (“EV”) makers. 7-Eleven Inc., an Irving, Texas-based convenience retailer with hundreds of stores across the United States and Canada has unveiled plans that will push the chain to the forefront of sustainability. In a move that will accelerate its environmental conservation goals by years, the convenience giant has announced that it plans to construct a minimum of 500 EV charging stations at 250 stores in the United States and Canada by the end of 2022. The 500 DC Fast Charging (“DCFC”) ports are expected…

MondayJun 14, 2021 3:40 pm

Last-Mile Deliveries Could Soon Rely Heavily on Electric Vehicles

Although electric vehicles (“EVs”) are slated to replace fossil-fuel-powered vehicles over the next few decades, only a small percentage of higher-earning consumers are buying EVs. On top of range anxiety and insufficient public charging infrastructure, electric vehicles are just too expensive for the average driver. However, company fleets aren't constrained by such issues, and they may just be the avenue needed to push electric vehicles into the forefront of vehicular transportation. With the massive growth of e-commerce over the past decade, the nascent EV sector has been given a once-in-a-lifetime opportunity for expansion. E-commerce companies run massive fleets to deliver…

FridayJun 11, 2021 12:25 pm

The Cost of Charging an EV Explained

Zero-emission electric vehicles are becoming more popular among consumers. Last year, electric vehicle (“EV”) sales increased by 39% to 3.1 million units. And despite a major push for electric vehicle public charging infrastructure, most EV owners in the United States (around 80%) do the majority of their charging at home. Since most of these vehicles will be charged at home, calculating how much more you would spend on electricity once you plug your electric car in is crucial. On average, an electric vehicle will add around $30 to $60 to your home utility bill per month. This will, of course,…

ThursdayJun 10, 2021 2:39 pm

Battery Recycling Needed as Electric Mobility Takes Root

The electric vehicle (“EV”) sector has come a long way in just a little over a decade. Bolstered by new emissions standards, government support and major investments from EV startups and legacy automakers, the EV space has grown from a blip on the radar to an industry poised to take over the transportation sector. There were around 10 million electric vehicles around the world in 2020, with EV registrations increasing by 41% despite the menacing specter of the coronavirus pandemic, and by 2030, the global EV fleet is expected to reach a whopping 230 million. But while the number of…

WednesdayJun 09, 2021 12:55 pm

Ford Motor Company (NYSE: F) Ramps Up Its EV Investments in a Bid to Capture 40% Market Share

Although Tesla Inc. (NASDAQ: TSLA) showed that it was possible to develop an electric vehicle (“EV”) that could function as well as a petrol and diesel-powered vehicle, the pioneering EV maker is no longer the only player in the EV sector. In a bid to cut their carbon emissions, several countries have set ambitious green energy targets that, among other things, involve placing limits on the sale of fossil fuel-powered vehicles within the next decade. Consequently, legacy automakers that have been around for decades, including Ford Motor Company (NYSE: F), have been forced to throw their hats into the electric…

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