October 2023 - Page 2 of 3 - Green Car Stocks

TuesdayOct 17, 2023 2:46 pm

Why Electric Vehicle Batteries Are Becoming Cleaner, More Affordable

Electric vehicle batteries lie at the heart of a revolution that will see the majority of the diesel and petrol-powered cars on the road being replaced with zero-emission electric cars. Unlike internal combustion engines, which require fossil fuels to run, EV batteries can be recharged with electricity, eliminating the need for fossil fuels and reducing tailpipe emissions to zero. Sourcing raw materials and manufacturing EV batteries is incredibly costly, however. With the battery accounting for most of an EV's cost, expensive batteries have pushed up overall EV prices and limited EV ownership to high-earning individuals with plenty of disposable income.…

MondayOct 16, 2023 2:52 pm

EVs Could Get More Affordable as Sodium-Ion Batteries Take Root

Battery electric vehicles (BEVs) may become affordable enough for the average driver if automakers adopt sodium-ion batteries. The standard battery in most BEVs is the classic lithium-ion battery, which relies on positively charged lithium ions to create free electrons and build up a charge. Battery makers have had decades to perfect lithium-ion battery technology, and it was the obvious go-to once companies such as Tesla began developing electric vehicles for the mass market. However, lithium-ion batteries require several rare and expensive minerals to build, making EV batteries incredibly costly to manufacture. Since the battery is the most expensive component in…

FridayOct 13, 2023 1:23 pm

Swedish Firm Manufacturing Flat-Pack EVs Inspired by IKEA

A Stockholm-based electric vehicle startup has begun manufacturing a mini-EV inspired by IKEA’s iconic flatpack design. Fellow Swedish company and EV startup Luvly took inspiration from IKEA’s flat-pack design and developed a small electric car that can be delivered in a flat-pack form. Dubbed the Luvly-O, the mini-electric car is reportedly so light and small that it can cut shipping-related carbon emissions by a significant margin. The Luvly-O is the first-ever electric car to feature flat-pack delivery, and Luvly is hoping its super-lightweight frame and changeable batteries will make the mini-EV a much more sustainable transport option compared to other…

ThursdayOct 12, 2023 1:51 pm

US Motorists Could Soon Instantly Access EV Tax Relief

Drivers in America are only a few months away from gaining instant access to electric vehicle tax relief instead of waiting months for tax season to arrive. Like several other governments, the U.S. government has invested billions of dollars into developing electric vehicle infrastructure in the country and accelerating EV adoption. However, U.S. drivers interested in buying an electric vehicle must first buy the EV at full price and then wait for their tax refund to arrive during tax season. While such credits have undoubtedly spurred electric adoption, they favor drivers who have enough disposable income to buy costly EVs…

WednesdayOct 11, 2023 2:45 pm

Researchers Suggest EV Production Could Require More Workers Than ICE Car Manufacturing

Recent research has suggested that electric vehicle manufacturing may require more labor than previously thought. This research goes against conventional knowledge, which indicates EV manufacturing requires fewer workers because of the simplicity of the electric motor, and indicates that electrification may not result in major job losses in the automotive sector. The nascent electric vehicle industry hasn’t enjoyed 100% support since its inception. While climate-change activists are enthused about the carbon emissions savings America could make by transitioning to battery electric vehicles (BEVs), many people are concerned about the potential implications of ditching internal combustion engine (ICE) cars for battery-powered…

TuesdayOct 10, 2023 3:32 pm

Brussels Formally Starts Chinese EV Subsidy Probe

Weeks after European authorities announced that they would begin investigating the surge of cheap electric cars flooding into the European Union, Brussels has launched a probe into Chinese electric vehicle subsidies. With China’s billion-plus population representing the largest EV market globally, Chinese authorities have invested heavily in building out EV and public-charging infrastructure domestically and internationally. China’s government has invested heavily in local EV companies via massive subsidies, allowing Chinese automakers to sell electric cars at much lower price points compared to other carmakers. Domestically produced and affordable EVs have swept up a large swathe of the Chinese market and…

MondayOct 09, 2023 10:36 am

Backed by Warren Buffet, BYD Just 3K EVs Shy of Overtaking Tesla Globally

Chinese automaker BYD has drawn threateningly close to Tesla Inc. (NASDAQ: TSLA) in sales and is poised to steal the Texas-based carmaker’s spot as the world’s top electric vehicle maker. Thanks to a drop in Tesla deliveries over the third quarter of the year, BYD is approximately 3,000 electric cars shy of surpassing Tesla in sales. The Warren Buffet-backed Chinese company has been on a roll in China, the largest electric vehicle market on the globe, and has spent the past couple of months pushing Tesla to the ropes. BYD delivered 431,000 battery electric vehicles (BEVs) in Q3 2023 while…

FridayOct 06, 2023 12:09 pm

Attacks Mounted Against EVs in Europe, America Grow

Electric cars are coming under increasing heat from conservative politicians in the European Union as well as former U.S. president Donald Trump. Although the global community now agrees that replacing internal combustion engine cars with zero-emission electric vehicles is critical to achieving climate-change goals, the nascent EV industry has drawn the ire of many conservative politicians. In the United States, calls for electrification brought back memories of cities such as Detroit nearly falling into ruin after the automotive industry left the city in the 1960s. Decades after the three big automotive companies left Detroit, the city is still struggling to…

ThursdayOct 05, 2023 12:47 pm

Five EV Models the Affluent Have Been Buying

After nearly a decade of dominating the electric vehicle industry, Western automakers are pushing back against Tesla’s dominance in the high-end EV segment. Patryk Doornebos from Car Triple notes that although Tesla is still a go-to option for drivers interested in high-end electric cars, the segment has seen the introduction of pricey EV models from companies such as Lucid and Porsche, which are giving Tesla a run for its money. The Tesla Model S was crowned the best-selling luxury sedan in the United States in 2016 and has enjoyed plenty of demand from affluent consumers since. Tesla began deliveries of…

WednesdayOct 04, 2023 3:47 pm

The Need for Affordable EVs Puts Legacy Automakers in a Bind

Electric cars have been quite expensive since the industry’s advent over a decade ago, locking out most consumers from the EV market and hindering electric vehicle adoption. For the United States and other nations across the globe to meet their carbon-emission goals, electric cars will have to be significantly cheaper than they currently are to spur EV adoption. However, Tesla and a few Chinese startups that hit the electric vehicle industry running several years ago now enjoy a massive lead in the EV market. Carmakers such as Toyota and Ford, which previously led the pack, are now scrambling to catch…

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Month: October 2023