NewsRoom Articles - Page 15 of 116

WednesdayMay 08, 2024 10:00 am

Volkswagen Reports Doubled Electric Vehicle Orders in Europe

German automaker Volkswagen has revealed that its electric orders in Europe increased in Q1 2024 compared to the first quarter of 2023, shooting up by more than two times through the first three months of the year. The recent announcement counters the increasing reports of waning electric vehicle demand among consumers pressured by rising interest rates and unable to meet high electric vehicle prices. According to Volkswagen's most recent earnings statement, customers in Europe ordered more than double the electric vehicles ordered in Q1 2023 from January through to March, indicating rising demand for electric vehicles in the European market.…

MondayMay 06, 2024 10:00 am

China-Made EVs Fill European Ports as Buyers Remain Wary

The Chinese automotive industry has run headlong into an issue that may prevent it from competing effectively in foreign markets: buyers are not buying electric cars manufactured in China. The east Asian nation's auto industry has come a significantly long way over the past several decades, evolving from a sector that essentially produced clones of Western vehicles to one that's now producing some of the best vehicles on the globe. Years of major investments by Beijing have helped car manufacturers in China cut vehicle production costs by a wide margin, allowing them to price their cars at much lower price…

FridayMay 03, 2024 10:00 am

ACEA Report Shows EU Needs Increase Annual Installation of EV Chargers to Meet 2030 Targets

A recent report from the European Automobile Manufacturers' Association (ACEA) has revealed a significant gap between the regional bloc’s available public EV-charging infrastructure and the amount of charging points the European Union will need to reach its carbon dioxide reduction targets. The report shows that even though electric vehicle adoption in the EU has risen by a wide margin over the past decade, public charging stations for electric vehicle drivers haven't increased in tandem. According to the ACEA report, electric-vehicle sales growth outpaced EV charging-station installations by three times from 2017 to 2023. Based on industry estimations, the report noted…

WednesdayMay 01, 2024 10:00 am

In a Reversal, Tesla Will Now Use Existing Platforms to Build Affordable EV

Electric vehicle giant Tesla has announced that its affordable EV will be built on the company's current production lines rather than new platforms. Rather than introduce a next-generation EV platform for the long-promised electric car, Tesla will tweak the affordable EV's production plan and develop the car on existing Tesla platforms. Every major electric vehicle startup and established automaker is desperate to produce an affordable electric car for the mass market. While Tesla captured a significant portion of the global electric-vehicle sector with expensive electric vehicles, the early adopter market that could afford to pay a premium for a battery…

MondayApr 29, 2024 10:00 am

IEA Says EV Transition Still on Course

The International Energy Agency (IEA) has revealed that the transition to battery electric vehicles (BEVs) is still underway despite high prices, rising interest rates and waning electric vehicle demand among consumers. According to the IEA, global EV sales are poised to increase by over one-fifth to hit a whopping 17 million units on the road this year. Most of this growth will be fueled by Chinese drivers who have access to incredibly affordable electric cars as well as an extensive and relatively reliable network of public EV chargers, unlike drivers in the U.S. market. A recently published IEA report projects…

FridayApr 26, 2024 10:00 am

Plunging Demand Causes EV Sellers to Slash Prices

With demand for electric vehicles reaching record lows in recent months, an increasing number of automakers are slashing their battery electric vehicle (BEV) prices in an attempt to woo unwilling customers. As a result, nearly 8 in every 10 newly minted electric cars have been sold at some kind of discount amid dwindling consumer demand. Data from Auto Trader shows that 77% of new electric cars listed on the platform were discounted down from last month’s prices and up to 55% are now cheaper than they were a year prior. Automakers are also offering higher and higher discounts for electric…

WednesdayApr 24, 2024 10:00 am

Google Maps Unveils New Ways for EV Users to Locate Chargers, Plan Trips

Using an electric vehicle in the United States and other countries has become much easier after Google Maps released new features to help EV drivers plan trips and find public chargers. Electric vehicle ownership comes with a lot of nuances and caveats that typically aren't involved in owning and operating a regular petrol or diesel-powered car. For instance, EV drivers going on long trips have to meticulously plan out their routes to ensure there are enough public chargers to keep their cars topped up along the way. Some of the chargers in public stations often have issues or are nonfunctional,…

MondayApr 22, 2024 10:00 am

California Researcher Suggests That Tweaking EV Charger Subsidies Could Address Consumer Concerns

A recent study by a California-based researcher has revealed that policymakers could address consumer concerns of range anxiety by tweaking existing electric-vehicle-charger subsidies. The study found that although range anxiety is still a barrier to electric vehicle adoption in the United States, it is a solvable problem that can be alleviated. Adjusting the current federal charging-station-subsidies program to penalize charging outages and incentivize successful usage would be more effective at mitigating public charging concerns, the expert says. Although battery electric vehicles (BEVs) were originally expected to replace the fossil-fuel-powered cars on American roads to help the country limit its greenhouse-gas…

FridayApr 19, 2024 10:00 am

Report Shows EVs Are Saving Americans Billions on Utility Bills

A recent report by Synapse Energy Economics has revealed that U.S. battery electric vehicle (BEV) drivers are saving the country billions of dollars on utility bills. The research analyzed how much BEV drivers in the United States were paying for electricity in comparison with the costs associated with producing electricity such as transmission and distribution costs. Synapse found that in the decade from 2011 to 2021, U.S. EV drivers contributed a whopping $3.12 billion on top of the EV-charging associated costs. The result, Synapse says, was a drop in monthly electricity rates for all customers across the country. Even after…

WednesdayApr 17, 2024 10:00 am

More People Implore Biden to Lock Out Chinese EVs from US Market

A senior government official has urged President Joe Biden to take steps and prevent cheap Chinese electric vehicles from proliferating the nascent American electric vehicle sector. Chinese EVs are significantly more affordable compared to similar offerings from Western carmakers, thanks to massive subsidies from Beijing. Billions of dollars in government funding have allowed carmakers in China to sell their battery electric cars at much lower price points than their Western counterparts, giving them what many have termed an unfair advantage. European Union leaders have already launched a probe into the multitudes of cheap Chinese electric vehicles that have been flooding…

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