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Electric Vehicle Series

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An electric car is an automobile that is propelled by one or more electric motors, using electrical energy stored in rechargeable batteries or another energy storage device. Electric motors give electric cars instant torque, creating strong and smooth acceleration. They are also around three times as efficient as cars with an internal combustion engine. The first electric cars were produced in the 1880s. Since 2008, a renaissance in electric vehicle manufacturing has occurred due to advances in batteries and energy management, concerns about increasing oil prices, and the need to reduce greenhouse gas emissions. Several national and local governments have established tax credits, subsidies, and other incentives to promote the introduction and adoption in the mass market of new electric vehicles depending on battery size and their all-electric range. Electric cars are significantly quieter than conventional internal combustion engine automobiles. They do not emit tailpipe pollutants, giving a large reduction of local air pollution, and, can give a significant reduction in total greenhouse gas and other emissions (dependent on the method used for electricity generation). As of September 2015, there are over 30 models of highway legal all-electric passenger cars and utility vans available for retail sales, mainly in the United States, China, Japan, Western European countries. By mid-September 2015, about 620,000 light-duty electric vehicles have been sold worldwide out of total global sales of one million plug-in electric cars sold since 2008. The world's top selling highway-capable electric car is the Nissan Leaf, released in December 2010 and sold in 46 countries. Global Leaf sales passed the 200,000 unit milestone in December 2015, and the Tesla Model S, released in June 2012, ranks second with over 107,000 units sold worldwide. In this series, we cover stories covering the development of electric vehicles around the world.

Electric Vehicle Series

Volkswagen boosts EV sales by 214% to pose challenge to Tesla

Jan 13, 2021 23:57 pm UTC| Business

Volkswagen sold 231,600 battery electric vehicles in 2020, representing a 214 percent on-year increase to mount a challenge to Tesla. According to Ralf Brandsttter, CEO of Volkswagen Passenger Cars, the company is on...

Electric Vehicle Series

Tesla to tailor-fit cars for China

Jan 11, 2021 03:52 am UTC| Business

Tesla Inc is planning to design electric cars tailored to Chinese consumer tastes and is looking for a design director for the full-function studio it would put up either in Shanghai or Beijing. The companys human...

Electric Vehicle Series

Can a future ban on gas-powered cars work? An economist explains

Jan 06, 2021 04:19 am UTC| Economy

The U.S. transportation sector is one of the largest contributors of carbon dioxide, the potent driver of climate change. Transportation accounts for about 28% of total U.S. greenhouse gas emissions and, since 1990,...

Electric Vehicle Series

Norway's purchase of electric cars hit record 54%

Jan 05, 2021 23:28 pm UTC| Economy Business

Electric vehicles accounted for 54 percent of cars sold in Norway last year, up 42 percent the previous year, to put the country ahead of its schedule in eliminating polluting vehicles from roads by 2025. Norway, the...

Electric Vehicle Series

Millions of electric cars will need charging in future – but how?

Dec 17, 2020 11:10 am UTC| Technology

One consequence of Brexit is that Britain will desperately need a modernising industrial strategy. In Boris Johnsons mind, a key element of this is the recently announced green industrial revolution which included bringing...

Electric Vehicle Series

Hyundai Oilbank's EV charging stations to reach 200 by 2023

Oct 09, 2020 00:19 am UTC| Business

Hyundai Oilbank will increase the number of its electric vehicle (EV) charging stations to 200 by 2023 with the help of Charzin, a company specializing in electric vehicle charging infrastructure. The petroleum and...

Electric Vehicle Series

Want an electric car, but think you can't afford one? Here's how to buy second-hand

Oct 05, 2020 14:11 pm UTC| Business

Many Australians say they would consider buying an electric car. But unfortunately, new electric vehicles dont come cheap. Even at the more affordable end of the market, a new Nissan Leaf or Hyundai Ioniq cost around...

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Economy

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire

President Donald Trump publicly criticized Iran on Thursday over its handling of oil shipments through the Strait of Hormuz, escalating tensions just days after a tentative ceasefire agreement between Washington and...

Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks

Oil prices climbed during Asian trading on Friday, building on Thursdays modest recovery, as markets remained on edge over ongoing supply disruptions in the Middle East and closely watched diplomatic developments ahead of...

Gold Prices Rise on Weaker Dollar and Ceasefire Hopes

Gold prices edged higher on Thursday, supported by a softer U.S. dollar and improving geopolitical sentiment after Israel announced plans to open direct negotiations with Lebanon. The development offered a measure of...

China's Inflation Data Misses Forecasts as Consumer Prices Slow in March

Chinas latest inflation figures came in below market expectations in March, highlighting the ongoing disinflationary challenges facing the worlds second-largest economy. According to official data released Friday, the...

Politics

DOJ Launches Antitrust Investigation Into the NFL Over Broadcast Restrictions

The U.S. Department of Justice has opened an investigation into the National Football League over potential anticompetitive practices that may be harming consumers, according to a source familiar with the matter. The probe...

Cuba Seeks Dialogue With Trump Administration, Diaz-Canel Says

Cuban President Miguel Diaz-Canel has reached out to the Trump administration, expressing his governments willingness to engage in diplomatic talks but only on equal terms. In an exclusive interview with NBC News anchor...

Trump and Starmer Unite to Restore Strait of Hormuz Shipping After U.S.-Iran Ceasefire

British Prime Minister Keir Starmer held a significant phone call with U.S. President Donald Trump on Thursday, focusing on the urgent need to restore commercial shipping through the Strait of Hormuz following a recently...

U.S. Warns Citizens Against Travel to Nigeria Amid Escalating Security Threats

The United States government has urged its citizens to reconsider traveling to Nigeria while authorizing non-emergency embassy staff and their families to leave Abuja, pointing to deteriorating security conditions across...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...