NewsRoom Articles - Page 98 of 132

FridayAug 20, 2021 11:15 am

Tesla Inc. (NASDAQ: TSLA) EV Sales in China Plummet as Local Brands See Spike

More than a decade after Tesla Inc.’s (NASDAQ: TSLA) first electric offering, the Tesla Roadster, first hit the roads, the California-based company has become the largest electric vehicle (“EV”) maker as well as the most valuable car company in the world. Despite the relatively high prices of its vehicles, Tesla continues to attract plenty of customers who are more than willing to pay a high premium by combining top-notch modern designs, high performance and innovative technology. Having carved a significant share of the American market for itself, Tesla set out to conquer the largest electric vehicle market in the world…

ThursdayAug 19, 2021 9:30 am

How the US Push for Vehicle Electrification May Favor Some Automakers While Squeezing Others

President Joe Biden will probably go down in history as an instrumental figure in the growth of America's electric vehicle (“EV”) industry and the fight against runaway climate change. Biden, who took office this year, quickly unveiled a gargantuan infrastructure bill that would dedicate billions of dollars toward developing an extensive network of public electric vehicle charging stations. With green, renewable energy and zero-emission vehicles being a major part of his agenda, Biden recently signed an executive order requiring that 50% of the vehicles sold in America must be electric by 2030. The Biden administration's green-energy strategy would first restore…

WednesdayAug 18, 2021 12:23 pm

Almost 50% of Prospective Vehicle Buyers Globally Hope to Go Electric

Before 2020, several territories had already pledged to steadily phase out internal combustion engine vehicles in exchange for zero-emission electric cars. The going was slow, however, and few drivers were willing to ditch gas-powered cars for electric vehicles (“EVs”). But while COVID–19 and the resultant financial crisis struck most industries and left them struggling to recover, the fledgling electric vehicle sector enjoyed increased sales as more people opted to make EVs their next purchase. During the first days of lockdown, there were fewer vehicles on the roads and planes in the air, leading to less pollution and much cleaner air…

WednesdayAug 18, 2021 9:30 am

Ideanomics Inc. (NASDAQ: IDEX) Investment in German Electronics Firm Adds to Growing EV Portfolio

Commercial EV Company Ideanomics Inc. recently completed an investment agreement that will grant it a 30 percent ownership stake in Germany’s Prettl Electronics Automotive (“PEA”) PEA is testing an innovative high-power EV charging infrastructure solution it has developed and expects to market in 2023, strengthening Ideanomics’ efforts to fulfill its EV strategy The company also recently named a new executive chairman of the board and a new vice chairman of the board who will help it scale its synergistic businesses New York-based commercial electric vehicle company Ideanomics (NASDAQ: IDEX) continues advancing its focus on the EV market as a solution…

TuesdayAug 17, 2021 11:41 am

Could the US Army Be Considering Incorporating EVs in Its Fleets?

Electrification is inevitable. Thanks to electric vehicle (“EV”) mandates and carbon emission standards, we will see electric cars steadily replace conventional vehicles on our roads until we eventually phase out the sale of new internal combustion engine (“ICE”) vehicles in the next couple of decades. Unfortunately, progress is slow in this segment, and players in the EV sector have turned their sights to one of the biggest spenders in the country: the U.S. Army. To be fair, the Army seems to have given plenty of thought to electric vehicles. JP-8 has been the Army's go-to fuel for quite a while,…

MondayAug 16, 2021 3:04 pm

Like Eating Glass: Elon Musk Shares the Complexities of EV Manufacturing

In just over a decade, electric vehicle (“EVs”) startup Tesla has become the largest EV maker in the world. The California-based company unveiled the first all-electric vehicle back in 2008, the Tesla Roadster, proving that it was possible to develop road-worthy, zero-emission electric vehicles. In the years since, Tesla has manufactured more popular EVs, with 2018's Model 3 becoming the best-selling electric vehicle of all time. With several territories across the world looking to reduce their carbon emissions and cut their reliance on fossil fuels, the EV sector is poised to see significant growth in the next couple of decades.…

FridayAug 13, 2021 2:41 pm

Chinese EVs Could Dominate Global Market

For quite a long time, China has been infamous for producing low-quality knockoffs of successful products. This counterfeit-goods industry has produced everything from knockoff clothes and shoe brands to mobile phones and cars, with most of these products being of much lower quality than the originals. The vehicles originating from China, for instance, were often almost perfect copies of existing vehicles, such as the Land Wind X7, which took inspiration from the Land Rover. As several countries across the world started transitioning from internal combustion engine vehicles to zero-emission electric cars, you wouldn't have been the only one who expected…

ThursdayAug 12, 2021 10:53 am

Report Suggests England Can Benefit More by Establishing Home EV Charging Infrastructure

As the United Kingdom deals with record floods and extreme heat, it is becoming increasingly clear that climate change is an issue that needs swift action. The UK's plan of action involves replacing conventional internal combustion engine (“ICE”) vehicles with zero-emission electric vehicles (“EVs”), with the aim of eliminating the sale of new ICE vehicles by 2030. While it is an ambitious goal that could have significant benefits in the long run, EV adoption is still quite low. A lot of experts and drivers agree that range anxiety has been a significant hindrance to EV adoption. To alleviate this issue,…

WednesdayAug 11, 2021 10:40 am

Larger EVs Could Hold a Surprising Solution to Range Anxiety

After more than a century of relying on the internal combustion engine (“ICE”), the world is moving on. Despite all the good ICEs have done, especially toward industrialization, they have made transportation the largest source of greenhouse gas emissions in the world. Battery electric vehicles (“EVs”), which rely on rechargeable lithium-ion battery packs, are much cleaner, producing minimum to zero emissions. However, range anxiety has been a significant hindrance to widespread electric vehicle adoption. As such, range anxiety is an issue that has constantly occupied the minds of stakeholders in the green energy and transport space. One solution is to…

TuesdayAug 10, 2021 1:08 pm

Experts Say Biden’s EV Goals Are Achievable

The Biden administration hopes to cut carbon emissions in half by 2035 compared to 2005 levels, setting the country on the path to achieving net carbon neutrality by 2050. As the effects of climate change become devastatingly clear, with the United States facing freezing temperatures and extreme heat, significantly reducing greenhouse gas emissions isn't just about meeting green energy mandates, it’s also about saving lives. Shortly after he assumed office, President Joseph Biden unveiled a gargantuan infrastructure bill that would invest billions in the electric vehicle (“EV”) sector. This massive investment would, among other things, finance the installation of hundreds…

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