NewsRoom Articles - Page 88 of 126

TuesdayOct 05, 2021 12:47 pm

70-Plus Companies Urge Governors to Expedite Uptake of Fully Electric Trucks

After more than a century of industrialization, humanity now has to deal with the effects of burning fossil fuels and emitting greenhouse gases for centuries. Limiting fossil fuel use would be a great step toward curbing carbon emissions, and several territories across the world have pledged to replace the fossil fuel-powered vehicles on their roads with zero-emission electric vehicles (“EVs”). This hasn't been limited to just passenger cars, with some automakers and EV firms working on electrified models of trucks and public transit buses. Since the companies and municipalities that run bus and truck fleets tend to have enough money…

MondayOct 04, 2021 1:30 pm

Experts Say Switching to EVs Could Signal End of Sedans

As Americans grow increasingly fond of sports utility vehicles (“SUVs”) and pickup trucks, the demand for sedans has declined significantly. Consequently, automakers have begun eliminating sedans from their lineups, with automakers such as Ford, Chrysler and Lincoln abandoning sedans years ago. As it stands, the Toyota Avalon, Volkswagen Passat and the Mazda 6 will be the next victims. But while the popularity of larger vehicles has pushed sedans into the background, some experts say it is the mass adoption of electric vehicles (“EVs”) that will finally push them out of the market. Thanks in part to more than a century…

FridayOct 01, 2021 3:35 pm

EV Shines in Race Against Petrol Cars

After more than a century of dominating the world's roads and racecourses, the internal combustion engine (“ICE”) finally has a worthy competitor. Keen on cutting down their greenhouse gas emissions by reducing their reliance on fossil fuels, several countries around the world have pledged to replace their ICE vehicles with zero-emission electric cars. Such cars run on rechargeable lithium-ion battery packs and produce zero emissions at the tailpipe, making them essential for any country that wants to achieve carbon neutrality in the coming decades. Electric vehicles (“EVs”) are now taking on ICE cars on racecourses and giving them a run…

ThursdaySep 30, 2021 1:31 pm

Massachusetts Utilities Mull Plans to Boost EV Infrastructure

While the future of vehicular transportation is undoubtedly electric, there are a couple of factors hindering the mass adoption of electric vehicles (“EVs”). Those factors include high upfront costs, consumer ignorance, insufficient charging infrastructure and fears about EV range, dubbed range anxiety. While there's not much that utility companies can do about the first two factors, the latter are well within their wheelhouse. Utilities that take initiative to help solve these hurdles will play a major role in helping the nascent electric vehicle sector blossom amid global efforts to cut down on greenhouse gas emissions. Consequently, a recent proposal by…

WednesdaySep 29, 2021 1:08 pm

Ideanomics Inc. (NASDAQ: IDEX) Plans to Increase Stake in Energica Motor Company to 70%; to Participate, Showcase Technologies at Upcoming 2021 MOVE America Event

Ideanomics has entered into an agreement with the founders of Energica, embodying plans to increase its stake to 70% The renewed investment interest further extends IDEX’s resolve to expand its global footprint in the EV industry Energica is the manufacturer of high-performance all-electric motorcycles Ideanomics will participate at the upcoming MOVE America event, scheduled for September 28-30, where it will showcase technologies from WAVE and Energica Ideanomics (NASDAQ: IDEX), a global company that facilitates the adoption of commercial electric vehicles (“EVs”) and supports next-generation financial services and fintech products, announced September 15 that it has entered into an agreement to…

WednesdaySep 29, 2021 10:57 am

EV Sales Accelerate in 2021

More than a decade after Tesla (NASDAQ: TSLA) revealed the electric Roadster and revolutionized the auto sector, electric vehicle (“EV”) sales are steadily on the rise. This is mostly thanks to increasingly restrictive emission standards that have forced automakers to develop zero-emission vehicles that rely on alternative energy sources in a bid to reduce greenhouse gas emissions. Although electric vehicles still make a fraction of the total vehicles sold globally, the emerging space has experienced plenty of growth this year. Specifically, electric vehicle sales increased by 160% in the first half of 2021 from 2020, with EV makers selling 2.6…

TuesdaySep 28, 2021 9:30 am

Why EV Batteries Are Currently Expensive

Although electric vehicles (“EVs”) are slated to replace internal combustion engine (“ICE”) vehicles as part of global efforts to reduce greenhouse gas emissions, a couple of factors prevent mass EV adoption. The chief obstacle to the widespread adoption of electric vehicles is price, with most EVs being way far too expensive for the average driver. The lithium-ion battery packs that power these alternative energy vehicles are responsible for their high prices, costing up to one-third of an EV's total price. Consequently, reducing EV battery prices without compromising their energy density and safety is vital if electric vehicles are to become…

MondaySep 27, 2021 9:30 am

Experts Say Electric Tractors Could Overtake Gas-Powered Tractors

After nearly a century of monopolizing transportation, the combustion engine has found a worthy adversary. Decades of greenhouse gas emissions have set the planet on a course of climate change, and several regions around the world are already dealing with the effects of global warming. Consequently, zero-emission electric vehicles (“EVs”) are poised to replace fossil fuel-powered cars as countries strive to reduce their reliance on fossil fuels and cut down on their greenhouse gas emissions. Although the wave of electrification began with passenger cars when Tesla debuted the Tesla Roadster more than a decade ago, it has now spread to…

FridaySep 24, 2021 10:30 am

Could Sodium-Ion Batteries Provide EV Tipping Point?

With several countries around the world looking to replace the fossil fuel-powered vehicles on their roads with zero-emission electric vehicles (“EVs”), the battery technology space is poised to be a major sector. Presently, electric vehicles are powered by rechargeable lithium-ion batteries, but many experts doubt whether the battery makers will be able to make enough EV battery packs to support an influx of electric vehicles. This is because the minerals that are used to build li-ion batteries such as lithium and cobalt are quite scarce, and since the industry hasn’t figured out an effective way to recycle these batteries from…

ThursdaySep 23, 2021 10:30 am

American Automakers Criticize New EV Bill

Several American automakers are displeased with a proposed electric vehicle (“EV”) bill that would make unionized automakers eligible for extra electric vehicle subsidies. A few days ago, the Democrats proposed an updated version of the current EV incentives program that would remove the limit on the number of vehicles a single automaker can sell with subsidies and introduce a higher payout of up to $12,500, with unionized automakers that produce electric vehicles and trucks locally being eligible for an additional $4,500 subsidy. The bill has been roundly criticized by Tesla, Toyota Motors and other auto companies that will miss out…

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