NewsRoom Articles - Page 97 of 119

TuesdayMar 30, 2021 2:00 pm

UK Government Reduces Electric Vehicle Subsidies, Angering Advocates

Over the past few years, several countries have set targets for phasing out conventional gas-powered vehicles in exchange for electric vehicles (“EVs”) as they strive to cut and ultimately eliminate carbon emissions. The UK had initially planned to ban the sale of new internal combustion engine vehicles by 2035, but last year, the government moved the plan to 2030. Although some questioned whether the country would be able to handle such a massive transition within just ten years, the move was praised by environmentalists and green energy groups. Unfortunately for future EV drivers in the country, those drivers will have…

MondayMar 29, 2021 2:37 pm

Three Technologies That Could Unlock the Potential of the EV Industry

The age of the internal combustion engine is drawing to a close. In a bid to cut carbon emissions, several countries across the world are planning to phase out conventional gas-powered cars and replace them with zero-emission electric vehicles. Powered by rechargeable lithium-ion battery packs, electric vehicles (“EVs”) produce zero emissions at the tailpipe, making them the perfect vehicle for a green economy. However, for EVs to truly achieve widespread adoption, power grids around the world will need a massive upgrade. According to an estimate by the New York Times, America may need to generate up to 25% more electricity…

FridayMar 26, 2021 12:00 pm

The Next Netflix? You Can Now Subscribe Monthly for an EV in London

Electric vehicles have seen increased demand in the past few years as governments around the world strive to eliminate carbon emissions and reduce their reliance on fossil fuels. Powered by a rechargeable battery pack, electric vehicles (“EVs”) run on clean energy and produce zero emissions at the tailpipe, making them the perfect driver for a carbon-neutral economy. However, EVs make a small percentage of new cars sold primarily due to the high upfront costs associated with purchasing a new energy vehicle. Thanks to a novel subscription service in the United Kingdom, drivers will be able to try out an electric…

ThursdayMar 25, 2021 3:30 pm

Forecast Shows EV Market Share Will Double in 2021

Barely more than a decade old, the electric vehicle (“EV”) industry is poised to disrupt the century-old automotive sector. Powered by rechargeable lithium-ion battery packs, electric vehicles are poised to replace conventional gas-powered vehicles and take over the roads over the next few decades. Although several governments have committed to electrifying their roads, electric vehicles still make a very small percentage of new cars sold across the world. According to new data provided by forecasting company IHS Markit, 2021 may be a pretty good year for new energy vehicles. At the moment, electric vehicles make up just 1.8% of new…

WednesdayMar 24, 2021 12:30 pm

Volkswagen to Ramp Up Battery Production to Win EV Market War

In a bid to get ahead in the battle to command the biggest share of the market for electric vehicles (“EVs”), German carmaker Volkswagen has revealed a massive plan to expand its production of batteries. On Monday, the company revealed that it was going to construct half a dozen gigafactories within the European region. By 2030, these gigafactories should have the production capacity to churn out a total of 240GWh each year. According to a spokesperson of the company, such capacity is sufficient to provide batteries for 4 million units of Volkswagen ID.3 vehicles. One of the first of these…

TuesdayMar 23, 2021 3:00 pm

Chinese EV Makers Gain Nearly $14 Billion in Value as Stocks Surge

The relatively young electric vehicle industry has seen massive gains in the past few years as the world at large moves towards zero-emission vehicles and green, renewable energy. While American electric car (“EV”) company Tesla has seen its stock price surge over the course of 2020 and 2021, making it the most valuable car company in the world, Chinese EV makers have been right behind. Just last week, a surge in their stock prices added a cumulative $13.65 billion in value to China-based EV companies that are listed on Wall Street. The increase in stock price is part of an…

MondayMar 22, 2021 10:15 am

Analysis Shows ICE Vehicles Are Many Times More Wasteful than EVs

In a bid to arrest carbon emissions and reduce their impact on the environment, several countries around the world have pledged to phase out conventional gas-powered cars for electric vehicles (“EVs”) over the next few decades. Powered by rechargeable lithium-ion battery packs instead of an internal combustion engine, EVs produce zero emissions at the tailpipe, making them the perfect vehicle for the eco-friendly driver. All indications are that EVs are a much cleaner and sustainable transport option compared to burning fossil fuels, despite the technology’s relatively young age. In fact, a new study by Transport & Environment (T&E), a Brussels-based…

FridayMar 19, 2021 1:00 pm

Survey Uncovers Why People Buy Tesla Inc. (NASDAQ: TSLA) Vehicles

As the world moves away from fossil fuels towards renewable energy, electric vehicles (“EVs”) have become increasingly popular. Instead of the internal combustion engines that gas-powered cars rely on, electric vehicles are powered by a rechargeable lithium-ion battery and produce zero emissions at the tailpipe. Of the limited EV models available on the nascent electric vehicle market, Tesla (NASDAQ: TSLA) vehicles are some of the most popular. Ever since Tesla released the Roadster back in 2008, the pioneering EV firm has been at the top of the EV game. And while the sector has seen increased competition with legacy automakers…

ThursdayMar 18, 2021 2:55 pm

Ideanomics, Inc. (NASDAQ: IDEX) Targets Global Markets Providing Shareholders with High-Growth Opportunities

Ideanomics raised $400 million in the last few months for growth and investment opportunities IDEX recently signed an agreement with Italian-based high-performance electric motorcycle company Energica, to acquire at least 20% of the company Company CEO Alf Poor to address a presentation on EV technology at the KraneShares’ Future of Green ETFs Summit Ideanomics (NASDAQ: IDEX) is a global company focused on EV and fintech businesses. Founded in 2004 and headquartered in New York, Ideanomics currently spans operations in United States, China, Ukraine, and Malaysia. After raising $400 million in the past few months, the company is looking for high-growth…

ThursdayMar 18, 2021 1:30 pm

California Startup Wants to Charge EVs as Quickly as Filling a Gas Tank

With several countries across the world looking to achieve carbon neutrality over the next couple of decades, there has been a major push towards adopting zero-emission vehicles. While conventional vehicles are powered by an internal combustion engine (“ICE”) that emits plenty of carbon at the tailpipe, electric vehicles (“EVs”) run on rechargeable lithium-ion battery packs and produce zero emissions at the tailpipe. However, one area where EVs still haven’t caught up to ICE vehicles is ultra-fast charging, with charging an EV typically taking anywhere from 45 minutes to 12 hours. In a world where refueling a gas-powered vehicle takes just…

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