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...
Economy 
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...
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...