December 2023 - Page 2 of 2 - Green Car Stocks

ThursdayDec 14, 2023 11:31 am

US Drivers May Need to Adjust Their Perception of EVs

Demand for electric vehicles among American drivers is cooling despite the recent rise in EV sales. A Pew Research Center poll from July 2023 found that one-half of Americans were unlikely to consider a battery electric car as their next vehicle and 13% were sure they didn’t want to buy an electric car. The report revealed that public interest in buying an electric car has dropped by 4% from May 2022, likely due to a couple of critical issues. The first is high prices that have made electric cars unaffordable for the vast majority of the American public. Limited confidence…

WednesdayDec 13, 2023 11:53 am

EVs Currently Prevent 1.8M Barrels of Oil from Being Used Daily3

A recent Bloomberg NEF report revealed that electric vehicles are partially responsible for cutting global oil use by nearly two million barrels every single day. The report indicates that although electric vehicle adoption is low in most markets, current EV use is already enough to reduce daily oil use by a substantial margin. Fossil fuels such as oil and coal were instrumental in enabling human industrialization, and they still play a key role in many nations’ energy mixes. Bloomberg NEF estimates that global demand for oil from the road transport segment will peak at around 42.3 million barrels per day…

TuesdayDec 12, 2023 9:00 am

Detroit Starts Testing Wireless EV-Charging Technology

Detroit has begun testing wireless electric-vehicle charging technology in what is reportedly the first public wireless EV-charging roadway project in the country. Crews installed copper inductive charging coils underneath a quarter-mile segment of 14th Street between Marantette and Dalzelle Streets near Michigan Central. The Michigan Transportation department says the quarter-mile segment will act as a test drive for the wireless charging technology before it is rolled out to the general public. Wireless EV charging is a relatively recent invention that bypasses wired charging infrastructure to deliver energy directly from chargers to EV batteries. While the technology has already been deployed…

MondayDec 11, 2023 11:14 am

Toyota Looks to Fuel Cell, Battery EVs to Facilitate Carbon Neutrality

Toyota, unlike the vast majority of other established automakers and EV startups, has overwhelmingly invested in fuel-cell vehicles instead of battery electric cars. Aside from the Toyota Prius and RAV4 hybrid, Toyota’s only alternative energy offering is the Mirai, one of the few hydrogen fuel cell vehicles traversing America’s roads. With most automakers pledging to invest billions of dollars into the development and manufacture of zero-emission battery electric cars (BEVs) over the next few decades, Toyota seems to have doubled down on its efforts to develop fuel cell EVs rather than conventional electric cars. However, a team of global and…

FridayDec 08, 2023 3:24 pm

New US Treasury Rules on China-Made Batteries Could Increase EV Prices

Americans may soon have to contend with higher electric vehicle prices after the federal government announced new regulations designed to limit the nation’s reliance on Chinese electric vehicle batteries. According to the Biden administration, the proposed rules would cut government subsidies for electric cars with battery components made in China or companies with strong ties to the Chinese Communist Party (CCP). While the rules will undoubtedly help the United States in its quest to cut China from critical supply chains, American drivers will have to pay the price. China is a major player in the global EV battery segment and…

ThursdayDec 07, 2023 2:33 pm

XPeng’s November EV Sales Hit New Record

Chinese carmaker XPeng hit a new electric vehicle sales record after its sales went up month-over-month for the 10th time in a row. XPeng was among the first Chinese electric vehicle startups to take inspiration from the Tesla brand and quickly became one of China's most dominant electric vehicle makers. The company reported delivering 20,041 battery electric vehicle units in November, surpassing its November 2022 sales by a whopping 245% and representing the second time XPeng sales crossed the 20,000 unit mark. The XPeng G6 was the Guangzhou-based carmaker’s best-selling model at 8,750 units sold in November. All other XPeng…

WednesdayDec 06, 2023 2:34 pm

Consumer Reports Survey Shows Many EVs Still Have Reliability Issues

More than a decade after its inception, the electric vehicle industry is plagued with a myriad of reliability issues. Electric cars are expected to replace the world’s fleet of internal combustion engine (ICE) vehicles as part of global efforts to combat climate change, but the young industry still has a plethora of issues to overcome before it can surpass the traditional auto industry. A recent Consumer Reports annual car reliability survey has revealed that one of the major challenges EV owners still have to contend with is significantly more vehicle issues compared to ICE or hybrid car owners. The poll…

TuesdayDec 05, 2023 3:36 pm

Tesla Notches Major Win in Legal Battle with Workers’ Union

Tesla (NASDAQ: TSLA) recently scored a major win in Europe after a Swedish court ruled that the country’s transport authority must come up with a way to deliver license plates to the American electric car maker. A Norrkoping district court judge ruled that the Swedish Transport Agency should deliver the previously blocked license plates to Tesla within a week or face a 1 million kronor fine ($95,383). The Texas-based EV maker was forced to file a suit against postal agency PostNord after Swedish postal workers blocked the delivery of license plates as part of industrial action, Reuters reports, frustrating Tesla’s…

MondayDec 04, 2023 12:52 pm

EV Batteries Could Soon Be Made from Used Tires

Electric vehicle batteries will be key to the United States and other nations, electrifying transportation sectors and cutting greenhouse gas emissions in the robust industry before climate change causes irreparable damage to the ecosystem. The batteries produce zero emissions and are powered by electricity rather than fossil fuels, making them the perfect energy source for alternative energy vehicles of the future. Recent advancements by a Chilean company could significantly reduce EV battery production costs and help make electric cars more affordable. T-Phite is using a process called pyrolysis, which involves subjecting tires to extreme heat to break them into smaller…

FridayDec 01, 2023 12:04 pm

Attacks Against EVs by Republicans Could Fall Flat as Key States Reap Industry’s Benefits

The liberal left has long been a major supporter of electrification and green-energy transition initiatives in general in the United States. With the Senate and White House in the hands of the Democratic Party, the Biden administration has invested billions of dollars into electrifying America’s vehicle fleet and building out a network of charging stations. On the other end of the spectrum, the GOP hasn’t been as supportive of the nascent electric vehicle sector, especially in states that are poised to lose business as the production of internal combustion engine cars winds down. On top of eliminating thousands of jobs,…

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Month: December 2023