NewsRoom Articles - Page 98 of 117

ThursdayFeb 18, 2021 2:45 pm

Australian Feds Rule Out Private EV Purchase Subsidies

Electric vehicles (“EVs”) are still too expensive for the average buyer. Although EVs are poised to ultimately replace internal combustion vehicles as countries around the world strive to reduce carbon emissions, improve air quality and achieve climate goals, the initial purchase costs put them out of the reach of most households. To make them more affordable and boost EV adoption, authorities in several countries have been offering subsidies, incentives and tax credits for certain electric vehicle purchases. Australia, however, has chosen to go a different route after the federal government recently announced that it was ruling out subsidies for private…

WednesdayFeb 17, 2021 1:30 pm

President Biden’s EV Plan Faces Implementation Challenges at State Level

President Joe Biden’s first few weeks in office have seen him issue a flurry of executive orders, some that will set the tone for the rest of his presidency. An ambitious plan by the President to help battle climate change would see 500,000 electric vehicle (“EV”) charging stations deployed across the United States by 2030. Via executive order, Biden says he will also replace the U.S. government’s fleet of nearly 650,000 cars with electric models. The plan has been lauded by environmentalists and renewable energy champions. Transportation accounts for 28% of all carbon emissions in the U.S., more than any…

FridayFeb 12, 2021 3:08 pm

Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) Builds Momentum in its PowerTap Investment as Andretti Agreement Takes Off

Canada’s Clean Power Capital Corp., a holding company focused on investing in the renewable energy sector, recently increased its equity interest in California’s PowerTap Hydrogen Fueling Corp. from 90 percent to 94.5 percent PowerTap inked an agreement last month with the companies collectively comprising the Andretti Group, operated by auto racing legends Mario and Michael Andretti to situate and market PowerTap’s hydrogen fueling technology PowerTap followed up on the agreement by appointing Michael Andretti to the company board PowerTap recently announced the strategy behind its business model, focusing on profit motivations for the retail locations where the fueling stations will…

FridayFeb 12, 2021 11:15 am

Study Shows Home Charging Most Preferred by EV Owners

For most drivers switching from conventional petrol or diesel-powered vehicles to electric vehicles (“EVs”), charging is one of their biggest concerns. Charging an EV is quite different from stopping at a gas station and filling the tank; EV drivers have several charging options at their disposal, depending on their circumstances. They can charge overnight at home, during the day at the office or at compatible public EV charging stations. According to a study by JD Power, dedicated home charging is the most preferred method of charging by electric vehicle owners. For countries looking to meet climate goals and reduce carbon…

ThursdayFeb 11, 2021 2:45 pm

Compel Oil Firms to Install EV Chargers, Says UK Think Tank

Last year, the UK government unveiled an ambitious plan that would see the country ban the sale of new internal-combustion-engine (“ICE”) vehicles in exchange for electric vehicles (“EVs”). Powered by rechargeable lithium-ion battery packs, EVs produce zero emissions at the tailpipe, and for most countries, they represent the next frontier of clean, vehicular transport. However, one issue that has consistently stood in the way of widespread EV adoption is the absence of a network of reliable public electric vehicle chargers. To increase the number of public charging stations and boost EV adoption, a UK think tank says oil firms should…

WednesdayFeb 10, 2021 3:29 pm

evTS Reveals Urban Delivery Focus for 2021, Additions to Board of Directors

ev Transportation Services (“evTS”) helps operators of essential services fleets with versatile vehicle solutions FireFly has a lower cost of ownership because of minimal operation and maintenance (O&M) costs FireFly ESV is a task flexible urban mobility solution that “goes fast, goes further and carries heavier loads” Additions to Board of Directors offer invaluable experience to help evTS prosper, grow into positive cash flow by end of 2021 ev Transportation Services (“evTS”) is a privately owned specialty vehicle manufacturer that produces purpose-built, all-electric, lightweight commercial utility vehicles and provides fleet management solutions primarily for the essential services transportation and urban…

WednesdayFeb 10, 2021 3:00 pm

EV Makers Jostle for Space in Chinese ‘Experience’ Stores to Lure Buyers

With electric vehicle (“EV”) makers, established automotive firms and battery companies compete to capture a piece of the young but swiftly growing EV market, China has emerged as the place to be. Chinese consumers are ditching their internal-combustion-engine (“ICE”) cars for electric vehicles at an unprecedented rate, turning mainland China into the largest EV market on the globe. To lure even more buyers, China-based companies such as NIO Inc. (NYSE: NIO) and Xpeng Motors, international brands such as Genesis and Mercedes, and market leader Tesla have all opened numerous “experience stores” in prime retail establishments. Designed to market the benefits…

TuesdayFeb 09, 2021 3:30 pm

Google Maps Tweaks Functionality with EV Drivers in Mind

When you’re driving a conventional internal combustion engine (“ICE”) car, going for a long drive or even taking an interstate road trip isn’t a hassle. All you have to do is plan a route to your destination, and you’re ready to hit the road. But for EV drivers, things get a little complicated. Although electric vehicles produce minimal emissions and are cheaper to fuel and maintain over their lifetimes, finding a reliable public charger while on the road can be quite a hassle. Range anxiety, or the fear of running out of juice without a charging station in sight, has…

MondayFeb 08, 2021 2:15 pm

Could EV Charging Be an Untapped Business Opportunity?

The electric vehicle (“EV”) industry is projected to grow exponentially over the next few decades as countries, states and cities strive to reduce carbon emissions and meet climate goals. Electric cars accounted for 2.6% of global car sales in 2019, and although authorities have introduced a variety of policies to make EVs more affordable and push EV adoption, charging has been a major thorn in the young industry’s side. This can partly be attributed to the fact that companies don’t generally look at EV charging as a business and, consequently, don’t invest much into public EV charging infrastructure. Gas stations,…

FridayFeb 05, 2021 2:45 pm

Danish Researchers Aim to Develop Next-Gen EV Battery

Although electric vehicles (“EVs”) are poised to replace internal combustion engine (“ICE”) vehicles over the next few decades, they currently account for a small fraction of global car sales. One issue that has consistently stood in the way of widespread EV adoption is recharging times, with EV batteries taking much longer to recharge compared to refueling ICE vehicles. For most countries to achieve their EV adoption and climate goals, battery companies and EV makers would have to design electric vehicle batteries that can recharge in an incredibly short time without sustaining any damage. Danish researchers from Aarhus University are working…

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