NewsRoom Articles - Page 97 of 124

ThursdayMay 27, 2021 10:52 am

UK College to Start Training EV Mechanics This September

Although it is quite young, the electric vehicle (“EV”) industry is poised to gradually take over the roads. Eager to reduce their reliance on fossil fuels and ultimately cut down their carbon emissions, several countries around the world are planning to gradually replace their internal combustion engine (“ICE”) vehicles with zero-emission EVs. The UK, which recently brought forward its timetable for phasing out ICE vehicle sales from 2040 to 2030, will soon be home to one of the world's first batches of independently trained EV mechanics. Save for a few similarities, electric vehicles and conventional gas-powered cars have vastly different…

WednesdayMay 26, 2021 11:21 am

McLaren F1 Creator Plans to Develop Electric Supercars

Gordon Murray Group, the British company that designs F1 race cars and founded the McLaren F1, is throwing its hat in the ring and joining other companies that make electric vehicles (“EVs”) in a bid to keep up with the times, which now favor vehicle electrification. In 2005, Gordon Murray, the chairman and founder of Gordon Murray Group, cut ties with McLaren in order to be free to develop supercars on his own. He recently announced that he was hard at work designing a platform that would enable him to design electric SUVs and hatchbacks that are mid-sized. In the…

TuesdayMay 25, 2021 1:00 pm

How EV Makers Minimize Electrocution and Fire Risks

When so many batteries are connected to each other in modules as is the case in electric vehicles (“EVs”), concerns about electrical fires and the risk of electrocution in the event of an accident aren’t far-fetched. Current and future owners of EVs will be pleased to learn that automakers take this risk seriously and have engineered a number of capabilities, such as electric isolation mechanisms, to avert electrical incidents. As a matter of fact, the Insurance Institute for Highway Safety (“IIHS”) conducts crash tests on several EVs in order to ascertain whether the isolation technology is doing its work as…

TuesdayMay 25, 2021 11:17 am

Ideanomics Inc. (NASDAQ: IDEX) Releases Q1 2021 Results Reflecting Impressive Quarter-over-Quarter Transformation; Inks Definitive Agreement to Purchase 100% of US Hybrid

Ideanomics recently reported $32.7 million in revenue and $10.8 million in gross profit for the three months ending March 31, 2021 These Q1 2021 results represented a sharp increase compared to Q1 2020 results Ideanomics announced it has reached a definitive agreement to purchase 100% of US Hybrid The acquisition is set to bring synergistic benefits to both US Hybrid and Ideanomics Mobility companies Established in 1999, US Hybrid designs, manufactures, and markets electric powertrain components On Monday, May 17, Ideanomics (NASDAQ: IDEX) released its Q1 2021 financials for the three months ending March 31, 2021. In what CEO Alf…

MondayMay 24, 2021 11:50 am

Cornell Researchers Develop Tech to Charge EVs on the Move

Can you imagine charging your electric vehicle (“EV”) while you drive to your destination? A team of researchers based at Cornell University is working to make that possible. This would address two of the most prevalent challenges that electric vehicles face: fears about running out of charge and the hassles associated with finding a suitable facility to top up the power on the battery. A computer and electrical engineering professor at Cornell, Khurram Afridi is hard at work fine-tuning the technology that would ultimately make it normal for EV drivers to charge their vehicles while the cars are moving. His…

FridayMay 21, 2021 2:08 pm

Argentine EV “Tito” Costs a Tiny Fraction of a Tesla (NASDAQ: TSLA)

Hell-bent on reducing their reliance on fossil fuels, countries around the world are determined to replace their vehicle fleets with zero-emission electric vehicles (“EVs”). Most of these countries are looking to gradually phase out the sale of internal combustion engine (“ICE”) vehicles over the next decade or two, but one factor stands in the way of widespread EV adoption. Most electric vehicles on the market are far too expensive for ordinary consumers, and some governments have taken to offering subsidies and tax rebates to make electric vehicles more affordable. However, one EV model that definitely won't need the government's help…

ThursdayMay 20, 2021 1:16 pm

Dutch City Starts Feeding the Grid Using EVs

In an attempt to cut down carbon emissions from the transportation sector, several countries around the globe are increasingly embracing electric vehicles (“EVs”). These cars are powered by rechargeable lithium-ion battery packs and produce zero emissions at the tailpipe, making them the perfect vehicle for a world looking to reduce its reliance on fossil fuels. But for EVs to be truly green, they have to run on sustainably sourced electricity, and EV makers have developed the technology to help make that happen. Bidirectional charging, also known as vehicle-to-grid (“V2G”) technology, allows electric vehicles to release energy back into the grid.…

WednesdayMay 19, 2021 11:20 am

Munich Study Reveals EVs Could Impact Thousands of Workers in Germany

The age of the internal combustion engine is coming to a close, and the electric power train has been appointed its successor. Running on electricity, battery electric vehicles (“BEVs”) produce zero emissions at the tailpipe, making them the perfect vehicle for a world hell-bent on cutting its reliance on fossil fuels and arresting the effects of runaway global warming. Consequently, several governments around the world have set targets for the phasing out of fossil fuel-powered vehicles in exchange for zero-emission electric vehicles (“EVs”). Germany's government, for instance, intends for the country to have registered around 7 to 10 million electric…

TuesdayMay 18, 2021 3:19 pm

General Motors (NYSE: GM)’s Investment in Mexican EV Plant Rubs US Union the Wrong Way

With the age of the internal combustion engine drawing to a close, the nascent electric vehicle (“EV”) industry has seen fierce competition. While Tesla has emerged as the top EV maker in the world, EV startups such as Rivian are giving Tesla a run for its money. Legacy automakers haven't been left behind, with most auto manufacturers pledging to electrify their lineups within the coming decade. General Motors (NYSE: GM) has embraced electrification in a big way, previously announcing that it would roll out 30 new EV models by the end of 2025. Additionally, GM has unveiled plans to electrify…

MondayMay 17, 2021 2:25 pm

Commercial Vehicles Segment Set to Explode in EV Industry

With passenger electric vehicles (“EVs”) poised to take over the roads over the next few decades, EV makers have been working tirelessly to capture a large segment of the market for themselves. Both electric vehicle startups and legacy automakers have thrown their hats into the race, and for most of them, Tesla is the one to beat. However, the commercial electric vehicle segment, which hasn't received much attention as passenger vehicles from most carmakers, presents a major opportunity. Commercial fleets don't have to worry about most of the problems individual drivers face. For instance, they don't have to worry about…

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