NewsRoom Articles - Page 98 of 136

WednesdayOct 13, 2021 11:44 am

Why EV Stocks Are Skyrocketing Amid Dropping Sales

For the past year or so, the world has been gripped by a shortage of semiconductor chips. Extremely crucial components in a wide variety of industries, these chips are needed for everything from smartphones and laptops to washing machines and cars. As such, several industries have been disrupted by the chip shortage, resulting in halted production and reduced sales as manufacturers wait for the global supply of chips to bounce back. The electric vehicle (“EV”) industry, which was just starting to pick up steam when the coronavirus pandemic exacerbated the shortage, has not been spared. But curiously, despite reduced vehicle…

TuesdayOct 12, 2021 1:36 pm

Ford Motor Company (NYSE: F) and Amazon-Backed Rivian Files IPO Paperwork

Rivian Automotive, the U.S.-based electric truck startup with financial backing from Amazon and American automaker Ford Motor Company (NYSE: F), has filed paperwork for an initial public offering (“IPO”) on the Nasdaq Stock Market. Formed back in 2009 by CEO RJ Scaringe, an engineering and lean manufacturing MIT grad who prized environment conservation and sustainability, Rivian has been involved in electric vehicle (“EV”) technology and autonomous driving for several years. Weeks after Rivian started delivering its first passenger EV, the R1T pickup, it is now looking to become a publicly traded company in the United States. The Irvine, California-based company…

MondayOct 11, 2021 9:30 am

Five Midwest Governors Team Up on EV-Charging Infrastructure

Electrification is poised to revolutionize the global transportation sector, turning it from an industry that's responsible for one-third of the world's greenhouse emissions to a zero-emissions space. As several countries across the globe have revealed plans to replace internal combustion engine (“ICE”) vehicles with electric vehicles (“EV”), authorities and automakers are working to make this dream a reality. The nascent EV sector still has plenty of barriers before it can fully replace ICE cars, and a partnership between governments and the private sector is crucial if we are to achieve our emission standards and climate change goals. A recently announced…

FridayOct 08, 2021 11:08 am

Lucid Group Inc. (NASDAQ: LCID) to Deliver EVs With More Range than Teslas (NASDAQ: TSLA)

Lucid Group (NASDAQ: LCID) has set its sights on reaching the top of the electric vehicle (“EV”) space and is working tirelessly to achieve that goal. Last week, the California-based startup announced that it would start delivering electric vehicles with more range than Tesla's (NASDAQ: TSLA) premium EV models in late October. The EV maker made the announcement when it invited investors, policymakers, initial customers and members of the media to its Advanced Manufacturing and Powertrain Manufacturing plant in Casa Grande, Arizona. The Arizona plant, which employs around 400 employees and plans on beefing up staff numbers as production ramps…

ThursdayOct 07, 2021 9:30 am

Ford Motor Company (NYSE: F) Announces $11 Billion Investment in EV Factories

Despite Tesla leading the electric vehicle (“EV”) charge as the largest EV producer in the world, legacy automakers are working hard to catch up with the California-based EV startup. Ford Motor Company (NYSE: F), which recently unveiled an electric version of its best-selling F-150 pickup truck, has announced that it will invest billions of dollars into significantly expanding its lineup of electric vehicles. This investment will see the American automaker build its largest-ever factory as well as two battery factories to provide battery packs for its EVs. In partnership with South Korean energy company SK Innovations, Ford Motor Co. will…

WednesdayOct 06, 2021 9:30 am

States Gear Up for Wireless Charging on Major Roads

More than a decade after the first modern electric vehicle (“EV”) hit the roads, the biggest issues facing the nascent EV sector are still insufficient public charging infrastructure and range anxiety. Compared to the ease and speed of refilling a gas-powered vehicle, charging EVs can be quite a hassle, and vehicles outside the Tesla ecosystem barely have a fast-charging infrastructure that can recharge an EV in less than an hour. As such, battery and automakers have been working on innovations designed to ease electric vehicle charging, especially during long trips, and boost the adoption of zero-emission EVs. Wireless charging is…

TuesdayOct 05, 2021 12:47 pm

70-Plus Companies Urge Governors to Expedite Uptake of Fully Electric Trucks

After more than a century of industrialization, humanity now has to deal with the effects of burning fossil fuels and emitting greenhouse gases for centuries. Limiting fossil fuel use would be a great step toward curbing carbon emissions, and several territories across the world have pledged to replace the fossil fuel-powered vehicles on their roads with zero-emission electric vehicles (“EVs”). This hasn't been limited to just passenger cars, with some automakers and EV firms working on electrified models of trucks and public transit buses. Since the companies and municipalities that run bus and truck fleets tend to have enough money…

MondayOct 04, 2021 1:30 pm

Experts Say Switching to EVs Could Signal End of Sedans

As Americans grow increasingly fond of sports utility vehicles (“SUVs”) and pickup trucks, the demand for sedans has declined significantly. Consequently, automakers have begun eliminating sedans from their lineups, with automakers such as Ford, Chrysler and Lincoln abandoning sedans years ago. As it stands, the Toyota Avalon, Volkswagen Passat and the Mazda 6 will be the next victims. But while the popularity of larger vehicles has pushed sedans into the background, some experts say it is the mass adoption of electric vehicles (“EVs”) that will finally push them out of the market. Thanks in part to more than a century…

FridayOct 01, 2021 3:35 pm

EV Shines in Race Against Petrol Cars

After more than a century of dominating the world's roads and racecourses, the internal combustion engine (“ICE”) finally has a worthy competitor. Keen on cutting down their greenhouse gas emissions by reducing their reliance on fossil fuels, several countries around the world have pledged to replace their ICE vehicles with zero-emission electric cars. Such cars run on rechargeable lithium-ion battery packs and produce zero emissions at the tailpipe, making them essential for any country that wants to achieve carbon neutrality in the coming decades. Electric vehicles (“EVs”) are now taking on ICE cars on racecourses and giving them a run…

ThursdaySep 30, 2021 1:31 pm

Massachusetts Utilities Mull Plans to Boost EV Infrastructure

While the future of vehicular transportation is undoubtedly electric, there are a couple of factors hindering the mass adoption of electric vehicles (“EVs”). Those factors include high upfront costs, consumer ignorance, insufficient charging infrastructure and fears about EV range, dubbed range anxiety. While there's not much that utility companies can do about the first two factors, the latter are well within their wheelhouse. Utilities that take initiative to help solve these hurdles will play a major role in helping the nascent electric vehicle sector blossom amid global efforts to cut down on greenhouse gas emissions. Consequently, a recent proposal by…

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