Menu

Search

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 Car Series

Exclusive. Top economists call for budget measures to speed the switch to electric cars

Jun 20, 2021 12:05 pm UTC| Economy

Australias top economists overwhelmingly back government measures to speed the transition to electric cars in order to meet emission reduction targets. An exclusive poll of 62 of Australias preeminent economists ...

Electric Car Series

The trucking industry has begun to turn electric — but passenger vehicles will take a little longer

Apr 30, 2021 08:19 am UTC| Business

Australias trucking industry is making moves to go electric. The latest development a system for using swappable batteries instead of time-consuming recharge stations for long-haul trucks between Sydney and Brisbane ...

Electric Car Series

Tesla delivers 184,800 units in Q1 to surpass record, expectations

Apr 03, 2021 00:35 am UTC| Business

Tesla Inc posted record deliveries of 184,800 vehicles globally during the first quarter, beating Wall Street estimates of 177,822 vehicles, as solid demand for less expensive models offset the impact of a global shortage...

Electric Car Series

S. Korean, Japanese EV battery makers lose market share to Chinese rivals

Mar 31, 2021 23:42 pm UTC| Economy

The global market shares of South Koreas three electric vehicle (EV) battery makers LG Energy Solution, Samsung SDI Co., and SK Innovation Co dropped in the first two months of the year despite increases in shipments due...

Electric Car Series

BMW says electric cars to comprise 50% of sales by 2030

Mar 17, 2021 23:23 pm UTC| Business

BMW is targetting at least 50 percent of its deliveries by 2030 to be electric models, with its MINI brand becoming fully electric. The German carmaker added that around 90 percent of its market categories would be...

Electric Car Series

Honda to sell electric SUVs, hybrids in US to comply with zero emissions target

Mar 12, 2021 23:56 pm UTC| Business

Honda of America will offer two all-electric SUVs in the US in 2024 and offer hybrid gas-electric vehicles to comply with emissions-reduction targets and cope with Californias ban on sales of new internal-combustion...

Electric Car Series

Tesla adds $106 billion to market capitalization after shares surge almost 20%

Mar 10, 2021 08:05 am UTC| Economy

Tesla Inc shares soared nearly 20 percent on Tuesday, its largest daily gain in a year that added $106 billion to its market capitalization, due to increased China sales and improved ratings on the stock by New Street...

1 2 3 4 5 6 7 8 9 10   

Economy

LG Energy, Isuzu Motors ink deal for $765M EV battery supply

LG Energy Solution Ltd., a South Korean battery manufacturing company, has signed a deal with Japans Isuzu Motors for the supply of batteries for its electric vehicles. It was reported that the Japanese automaker decided...

CJ ENM, The Sandbox team up to build metaverse in LAND

CJ ENM signed a deal with The Sandbox to promote its TV programs in the metaverse. The South Korean entertainment company announced their partnership on Monday, July 4. The Sandbox was initially launched as a 3D game in...

Yum Brands in advanced talks to sell KFC in Russia

KFCs parent company, Yum Brands Inc., revealed on Tuesday, July 5, that it is close to selling its fried chicken restaurant business in Russia. The company confirmed it is already in advanced talks to transfer franchise...

SAS Scandinavian airline files for bankruptcy amid strike staged by the pilots

SAS Scandinavian Airlines has filed for Chapter 11 in the United States as its pilots stage a strike that has grounded flights. The company made the move to push and hasten its company restructuring plans. According to...

Kanye West served a burger restaurant a cease and desist order, forcing it to change its brand name and logo

Kanye West reportedly forced an Australian burger restaurant to stop using its name and logo by serving it with a cease and desist order. The American rapper and producer asked the College Dropout Burgers to stop using its...

Politics

NATO in talks to set up naval base in Albania, says PM

Albanian Prime Minister Edi Rama said Friday last week that they were having discussions with NATO about building a naval base at a port that is under construction on the Adriatic Coast for the alliance. This also comes...

Russia-Ukraine conflict: Ukrainian flag will be raised on Snake Island after withdrawal of Russian forces

In the midst of the advances Russia has claimed to make in its war with Ukraine, Kyiv has also made gains in the heavy conflict centered on its eastern territory. Ukraines military said the Ukrainian flag would soon be...

European Union to establish platform for rebuilding of Ukraine

The European Union is already looking to address efforts to rebuild Ukraine as it continues to resist the aggression by Russian forces. European Commission President Ursula von der Leyen said the EU would be setting up a...

North Korea blasts US-South Korea-Japan agreement on enhanced military cooperation

North Korea has continued to accuse the United States of trying to establish a military alliance similar to NATO as of late. Pyongyang has made the accusation again following the agreement by the US, South Korea, and Japan...

Science

New S. Korean technology repairs car scratches through sunlight exposure

The Korea Research Institute of Chemical Technology has developed a new self-healing coating material that repairs car surface scratches through sunlight exposure. To change their chemical properties and make high...

Sea lettuce used as cow feed may lower marine ecosystem threat

A joint study conducted by a local feed manufacturer and Konkuk University showed that cows fed with a newly developed feed containing sea lettuce emitted 28 percent less methane gas than those who werent. Cows fed sea...

S. Korean scientists develop robot skin that senses tactile stimuli, self heals

A research team from the Korea Advanced Institute of Science and Technology (KAIST) has developed a robot skin that can sense external tactile stimuli and recover from injury when damaged. The newly developed robot skin...

Absolut enlists startup's help in developing fiber-based bottle cap

The Absolut Company is enlisting the help of Swedish start-up Blue Ocean Closures in developing a fiber-based closure cap for its Absolut Vodka bottle. The caps design uses a combination of sustainably sourced FSC fiber...

S. Korea to produce biodegradable plastic with seaweed

South Koreas Ministry of Oceans and Fisheries and a research team at Pohang University of Science and Technology will begin developing technology that uses marine plants to produce biodegradable plastic material. Among...

Technology

Coca-Cola to launch Pride Series NFTs

Coca-Cola will be launching 136 Pride series NFTs in collaboration with designer and advocate for LGBTQIA+ rights, Rich Mnisi. Some of the NFTs are already listed on OpenSea. The Coca-Cola Pride Series NFTs have a...

Apple Watch Series 8 could gain body temperature sensor, report says

The Apple Watch Series 8 may be gaining a new health sensor that could be helpful amid the ongoing pandemic. A new report suggests Apple could ship its next generation of smartwatches with a new feature that can monitor...

Report: AirPods Pro 2 will not feature a heart rate monitor

The rumored heart rate monitor feature on the AirPods Pro 2 is reportedly unlikely to become a reality this year. But it could be something that Apple would introduce in future versions of the true wireless...

EA unveils ‘Skate 4’ ‘pre-pre-pre-alpha’ gameplay trailer

Skate 4 was announced nearly two years ago, but fans might still have to wait a long time before the game is released. EA and developer Full Circle released the latest trailer for the game, but it is not the usual teaser...

MacBook Air with M2 chip could arrive in stores in mid-July

The retail launch of the redesigned MacBook Air is reportedly close, with new information claiming that Apple fans will soon be able to pre-order the device. It appears that the tech giant is on track to release the new...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.