August 2023 - Page 2 of 3 - Green Car Stocks

ThursdayAug 17, 2023 2:19 pm

Report Shows 4 in 10 Tesla Batteries Are China Sourced

A recent report from Japanese publication Nikkei has revealed that 4 out of every 10 batteries in Tesla Inc. (NASDAQ: TSLA) electric vehicles are sourced from China. The report brings attention to China’s stranglehold over the electric vehicle battery metals segment and America’s reliance on the eastern Asian nation for critical mineral supplies. Arguably the largest electric vehicle maker on the globe, Tesla pioneered the modern electric vehicle and encouraged both new and established automakers to begin developing alternate energy cars such as battery electric cars. The key component in each EV is the massive rechargeable battery pack, usually installed…

WednesdayAug 16, 2023 3:31 pm

VW Reclaims Top EV Seller Spot in Germany from Tesla

Volkswagen has finally surpassed U.S. electric car maker Tesla in electric vehicle sales and reclaimed its spot as the number one EV seller in its home market in Germany. Recent sales figures show that the German automaker cumulatively sold more electric cars than Tesla in the first seven months of 2023. VW registered 41.475 battery electric cars in the first one-half of the year while Tesla registered 40,289 fully electric cars in the German market. However, Tesla reigned over the German market for most of the year, data from the country’s Federal Motor Transport Authority (KBA) shows, and VW just…

TuesdayAug 15, 2023 2:56 pm

As UK Ban on ICE Vehicles Looms, Demand for Used EVs Soars

More used electric vehicles are flooding the second-hand market as the United Kingdom barrels toward its planned ban on new diesel and petrol cars in 2030. Society of Motor Manufacturers and Traders (SMMT) data shows that used EV sales have grown by 81.8% and now account for 1.7% of the total vehicle market. Electric vehicles are a key component in global climate change efforts because they do not use dirty fuels. Transitioning to electric vehicles would allow countries to significantly cut down their use of dirty fuels and help combat the effects of climate change. However, electric vehicles are still…

MondayAug 14, 2023 2:53 pm

Hyundai Sets Sights on Indian EV Market with Five New Models

Hyundai Motor Group has set its sights on the Indian electric vehicle market and is poised to release five new EV models in the country. India is one of the largest automotive markets on the globe, and Hyundai is looking to capture a large swathe of the market as part of its recent electrification efforts. The automaker has been on a roll for the past couple of years, outselling major automakers such as Nissan, Stellantis and General Motors in 2023 to become the third largest carmaker worldwide. Hyundai has seen major success in the United States, its largest overall market,…

FridayAug 11, 2023 3:07 pm

Electrified Golf Carts Find Use as Everyday Vehicles in America

America’s quest to electrify the millions of petrol or diesel-powered cars on its roads has taken an interesting turn as a growing number of U.S. residents have begun adopting electric golf carts, rather than conventional battery electric vehicles, as their daily drivers. Electrified golf carts have become a popular choice for American families looking for a second vehicle in recent years. Usually seen zipping around golf courses and country clubs, electrified gold carts are making appearances in regular neighborhoods thanks to increased adoption by Americans. For the average U.S. driver, electric golf carts present an opportunity to adopt EV technology…

ThursdayAug 10, 2023 2:00 pm

MIT Team Creates Concrete That Could Convert Roads into EV Chargers

A team of researchers from Massachusetts Institute of Technology (MIT) has developed a new type of concrete that could address the problem of insufficient public electric vehicle charging infrastructure in quite an innovative way. Working out of the Wyss Institute for Biological Inspired Engineering, the MIT research team created concrete that can essentially turn roads into chargers for battery electric vehicles. The team’s creation is a much more advanced version of solid-state batteries that replace liquid electrolyte in conventional batteries with a solid electrolyte. This concrete can act as an extremely sturdy supercapacitor to charge electric vehicles as the cars…

WednesdayAug 09, 2023 1:35 pm

UK July EV Sales Jump, Buoyed by Rising Demand

Strong demand from consumers is accelerating the sale of battery electric vehicles (BEVs) in the United Kingdom market. According to a recent report from Reuters, UK residents are purchasing a new electric vehicle every 60 seconds, indicating a surge in electric vehicle interest in the country despite relatively poor economic conditions. Including the UK, several countries in the European Union as well as the United States and China have pledged to replace the diesel/petrol-powered cars on their roads with zero-emission electric vehicles. However, factors such as high purchase points and limited charging infrastructure have slowed down EV adoption in most…

TuesdayAug 08, 2023 11:34 am

Five Rules to Remember When Charging Your EV While Traveling

EV charging can be a wild west at the moment, especially if you aren’t adequately prepared. Although charging EVs during trips covering long distances can be hard, it’s not impossible. The first, and arguably most important rule to EV travel, is adequate preparation. Proper planning is key to electric vehicle travel, especially over long distances. Unfortunately, the United States doesn’t have the kind of public charging infrastructure that would allow spontaneous travel. This means figuring out how long your EV range will last and planning your route to ensure there are enough charging stations along the way to keep you…

MondayAug 07, 2023 3:20 pm

China Takes a Commanding Lead in Worldwide EV Race

China has beaten the United States and taken the lead in the global race to electrification. The eastern Asian nation is home to several successful electric vehicle companies such as Wuling Motors and BYD that have captured a significant portion of the Chinese market and elbowed out major automakers such as Tesla. Battery electric vehicle sales in the country have surged in recent years from only 10,000 units in 2012 to a whopping 4.4 million electric cars on the road last year. The annual electric vehicle sales within this period have increased by 44,000%. Although BEVs account for only 19%…

FridayAug 04, 2023 11:48 am

Toyota Fighting to Gain Ground in China EV Market

For the past several years, Toyota has been the only major automaker that has made few investments in battery electric vehicles (BEVs). Several other established automakers have long announced their intent to electrify their lineups, with companies such as Ford and Mercedes Benz already developing and releasing BEVs into the market. Toyota, on the other hand, has made barely any inroads into the electric vehicle sector, choosing instead to focus on hydrogen fuel cell vehicles as their flagship alternative-energy cars. The Japanese automaker has now announced that after years of sparse investment in EVs, Toyota is now fighting to remain…

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Month: August 2023