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

Coinbase drops lending program due to SEC's lawsuit threat

Coinbase dropped its plan to launch a lending program after the US Securities and Exchange Commission (SEC) threatened it with a lawsuit The Nasdaq-listed cryptocurrency exchange said that as it continues to seek...

Nike retains top spot among most marketable sports brands for 2021

US sportswear giant Nike has retained the top spot in SportsPros list of the Worlds 50 Most Marketable (50MM) brands, holding off challenges by rival sportswear brand and second-placer Adidas, Emirates, Santander, and Red...

Michael Jordan raises stake, assumes adviser role in sports gambling firm Sportradar

NBA legend Michael Jordan will increase his investment in Sportradar Group AG, the leading global provider of sports betting and entertainment products and services, and will serve as a special adviser to the companys...

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

Cargill to pay farmers $20 per metric ton of carbon emissions reduced

Cargill is planning to pay farmers $20 per metric ton of carbon emissions they reduce through regenerative agricultural practices. The company intends to pass the green credits on to its customers. The Cargill...

Politics

Nancy Pelosi, G7 Speakers visit 'Coronation Street' set following summit

US House Speaker Nancy Pelosi was among her fellow presiding officers in the G7 in attendance at the summit in the United Kingdom. Following the summit, the group was shown around the set of the popular British tv series...

Joe Biden: Former Israeli PM Benjamin Netanyahu mocks widely debunked manipulated video of POTUS

A manipulated video showing US President Joe Biden seemingly falling asleep during his meeting with the new Israeli Prime Minister Naftali Bennett made the rounds on right-wing social media. The manipulated video also...

Capitol insurrection: Former aide to Mike Pence says ex-VP is as responsible for the political violence

Former vice president Mike Pence was among the individuals being targeted by the pro-Trump mob that stormed the Capitol last January 6. However, despite Pences inevitable refusal to overturn the electoral results, Pences...

Kamala Harris to appear on 'The View' this week

This week, Vice President Kamala Harris will be making another stop by the popular daytime talk show, The View. Harris will be making her first appearance on the show as vice president on Friday. Harris will be...

Science

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

From CRISPR to glowing proteins to optogenetics – scientists' most powerful technologies have been borrowed from nature

Watson and Crick, Schrdinger and Einstein all made theoretical breakthroughs that have changed the worlds understanding of science. Today big, game-changing ideas are less common. New and improved techniques are the...

Technology

Telegram update introduces new themes for private chats

The latest update on Telegram appears to be focused on giving users more options to customize their chats. People can now apply new themes to private chats, as well as use animated emojis and enable read receipts for group...

OnePlus 9T will not be released this year

To those waiting for the OnePlus 9T, it is time to reconsider their smartphone upgrade plans. The company recently announced the device is not in the pipeline. For years, OnePlus has had two major smartphone launch...

Google Pixel foldable phone codenamed ‘Passport’ will reportedly launch in late 2021

Talks about Googles rumored foldable smartphone have been renewed recently after a couple of potential clues surfaced online. Now, a long-time renowned leaker has weighed in, reporting that a device codenamed Passport is...

‘League of Legends’ will have heavier punishments for repeat ‘leavers’ and AFK offenders

Abruptly leaving a match or moving away from the keyboard (AFK) could affect other players, especially in online multiplayer games like League of Legends. So for repeat offenders, Riot Games confirmed it is planning to...

Samsung Galaxy S22 benchmark test hints at the use of Snapdragon 898 SoC

A Geekbench test result reportedly done for a device believed to be Samsung Galaxy S22 has appeared in the wild. And it could be one of the earliest confirmations that it will be powered by the upcoming Snapdragon 898 SoC,...
  • Market Data
Close

Welcome to EconoTimes

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