NewsRoom Articles - Page 96 of 119

TuesdayApr 13, 2021 2:15 pm

Highlights of President Biden’s $2 Trillion Infrastructure Plan

Just a few months into his first term, President Joe Biden has unveiled a massive infrastructure plan that would support a mass shift from fossil fuels to clean renewable energy and zero-emission vehicles. The Democrat campaigned on a green-energy platform, pledging to tackle the climate change crisis while simultaneously helping the country’s economy recover from the coronavirus pandemic. Soon after he assumed office, Biden announced a plan to build 500,000 public electric charging stations across the country. The new infrastructure plan, which was released in late March, outlines his green-energy plan more conclusively. Among other things, the plan would support…

MondayApr 12, 2021 3:00 pm

Europe Gearing Up to Be an EV Battery Hub

Triggered by the record-setting sales of electric vehicles (“EVs”) last year and the prediction that Europe will lead in EV sales this year as well, manufacturers in the region are rushing to build a supply chain for batteries from the ground up. For years, Europe has been content to let foreign-based companies take charge of the battery market, but the recent surge in the demand for electric vehicles as well as the lessons learned from the supply chain disruptions caused by the coronavirus pandemic have prompted Europe to claim a piece of the pie for itself. Manufacturing plants are being…

FridayApr 09, 2021 2:45 pm

Chinese Smartphone Maker to Enter EV Space with $1.5B Investment

Xiaomi, one of the largest smartphone makers in China, has announced that it intends to join the electric vehicle (“EV”) industry by investing 10 billion yuan ($1.52 billion) over the coming 10 years. The firm revealed on Tuesday that it plans to establish a fully owned subsidiary to make electric vehicles, and the first phase of funding for this project will amount to 10 billion yuan. This subsidiary will be headed by Xiaomi CEO Lei Jun. In a statement the company released, Xiaomi hoped that it would make high-quality smart EVs, which would give people around the world the opportunity…

ThursdayApr 08, 2021 2:30 pm

London Uber Users Can Now Request Fully Electric Vehicles

According to an announcement by ride-hailing company Uber, passengers in Central London now have the option of requesting a fully electric vehicle (“EV”) instead of fossil-fuel versions, beginning this week. This initiative has been dubbed Uber Green, and the campaign is geared to make it possible for Uber passengers to play a role in cleaning up the air in London. To make the choice easier for passengers, Uber doesn’t plan to levy higher rates for people who choose to use the green option. Instead, the fare will not differ from that charged when one uses an internal combustion engine vehicle.…

WednesdayApr 07, 2021 12:30 pm

Why Investors Needn’t Worry about Recent EV Share Price Correction

If you have been following the news lately, you may have noticed that the share prices of electric vehicle (“EV”) companies have taken a hit. However, this doesn’t mean that you should engage your parachute and bail out, as this price correction doesn’t necessarily mean the bull run of these stocks is over. Here are key reasons why the outlook is still bullish for EV stocks, according to a leading global wealth management firm. The market share for EVs is increasing Mark Haefele, a chief investments officer at UBS Global Wealth Management, points out that globally, sales of electric vehicles…

TuesdayApr 06, 2021 12:30 pm

Colorado Wants to Install EV Chargers in All State Parks

With the effects of runaway climate change becoming clearer every day, several cities, states, and countries around the world have pledged to phase out internal combustion engine (“ICE”) vehicles for zero-emission electric vehicles (“EVs”). Unlike ICE vehicles, electric vehicles run on rechargeable battery packs and produce zero emissions at the tailpipe, making them the perfect daily driver for a green economy. However, one issue that has consistently stood in the way of widespread EV adoption has been the insufficient and often unreliable network of charging stations. Fortunately for Colorado drivers, they will soon be saying sayonara to this issue after…

MondayApr 05, 2021 3:15 pm

Porsche Invests Millions in Developing Synthetic Fuel to Green Up ICE Vehicles

With several governments around the world looking to replace conventional vehicles with electric cars (“EVs”), it looks like one day internal combustion engine vehicles will become obsolete. Not only have authorities set targets for the electrification of their roads, but some have also levied fines on automakers whose vehicles produce carbon emissions. For all intents and purposes, it seemed as if the gas-powered vehicles millions of consumers had purchased over the years would be unusable a decade or two down the line. However, thanks to a synthetic green fuel being developed by Porsche, drivers may be able to use their…

ThursdayApr 01, 2021 2:45 pm

Chuck Schumer Pushes for Fossil Fuel Vehicles to Be Replaced by EVs

With the Democrats controlling the House, Senate and White House, the electric vehicle (“EV”) industry will have all the legislative support it needs to grow. Shortly after he assumed office, President Joe Biden announced a plan to build 500,000 public EV charging stations over the next ten years, pledging his support towards electrifying America’s roads. Now, Senate Majority Leader Chuck Schumer says he plans to include a proposal that would compensate every American who swaps their gas-powered vehicle for an electric one in a massive infrastructure bill. Now that the government has signed the $1.9 trillion coronavirus relief bill into…

ThursdayApr 01, 2021 1:22 pm

Ideanomics, Inc. (NASDAQ: IDEX) Enters 2021 with Optimism Over Improving EV Market, Battery Outlook

Ideanomics is a New York-based global company driving the adoption of commercial electric vehicles CEO, Alf Poor noted at a conference last week that commercial EV adoption is advancing and that the char4ging infrastructure market is expected to grow at a CAGR of 33.4 percent between now and 2028 The U.S. Department of Energy has also declared that developing solutions for better and more cost-accessible EV batteries is a critical element of its mission As the electric vehicle market ramps up worldwide, EV owners are pushing for higher performance from the batteries that power their vehicles, which analysts in turn…

WednesdayMar 31, 2021 2:30 pm

Report Predicts More Than a Million EVs Will Be Sold in Europe in 2021

Despite its relative youth, the electric vehicle (“EV”) industry has made a lot of progress, especially in Europe. Several European countries have pledged to phase out internal combustion engine (“ICE”) vehicles in exchange for zero-emission electric vehicles over the next few decades, with Norway leading in terms of EV market share (54%). According to automotive industry analyst Schmidt Automotive Research, 2021 may be a good year for battery electric vehicles (“BEV”), with EV sales in Western Europe, which includes Britain, Germany, Norway, Italy, Spain, and France, projected to surpass more than a million units. Sales will slow as the world…

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