NewsRoom Articles - Page 98 of 120

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…

WednesdayMar 17, 2021 3:00 pm

FedEx Corp. (NYSE: FDX) Pledges to Deploy only EVs by 2040

With climate change and its long-term effects becoming more apparent, several countries around the world have set ambitious green energy targets. Electric vehicle (“EV”) startups such as Tesla and established automakers such as Toyota showed that zero-emission energy vehicles were a viable mode of transport, kicking off a mass shift from internal combustion engine (“ICE”) vehicles to battery electric vehicles (“BEVs”). Consequently, several companies have committed to replacing their fleets with EVs in a bid to reduce their carbon footprint. FedEx (NYSE: FDX) is the latest company to announce that it will swap its gas-powered vehicles for zero-emission electric vehicles.…

MondayMar 15, 2021 2:45 pm

February Data Shows Automaker Cutting into Tesla Inc.’s (NASDAQ: TSLA) EV Market Share

Ever since Tesla Inc. (NASDAQ: TSLA) released the Roadster back in 2008, the electric vehicle (“EV”) startup has been at the top of the electric vehicle sector. Following the Roadster up with the ultra-successful Model 3 and the Model Y, Tesla quickly became the most valuable car company in the world, beating out industry giants such as Toyota. However, the EV maker has been seeing plenty of competition from several EV startups recently, as well as established automakers for the past few years, making its tenure at the top precarious. This year, Tesla’s sales in the United states, its largest…

MondayMar 15, 2021 2:32 pm

Ideanomics Inc. (NASDAQ: IDEX) Expands Global EV Footprint with Energica Investment, CALSTART Membership

The acquisition of 20% of Energica Motor Company S.p.A. compliments majority-owned Treeletrik’s business in the ASEAN market and continued investment in European-based OEM CALSTART will assist in growing Ideanomics’ wholly-owned subsidiaries – enhancing national and global programs Ideanomics Mobility is a part of a global commercial EV market expected to surpass $132 billion by 2022 Ideanomics (NASDAQ: IDEX), a global company that is facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, recently announced that it had acquired 20% of Energica Motor Company S.p.A. (“Energica”) for a consideration of $13.2 million. Energica develops 100%…

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