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

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...

Electric Car Series

Aston Martin vows to manufacture its electric cars in UK

Mar 09, 2021 23:29 pm UTC| Business

Luxury car giant Aston Martin has pledged to manufacture all of its electric cars in the UK beginning 2025. According to Aston Martins owner, Lawrence Stroll, all of its battery sports cars will be created at its...

1 2 3 4 5 6 7 8 9 10   

Economy

Starbucks Korea's Q1 earnings soar 78% to 33.6 billion won

Starbucks Korea reported a net profit of 33.6 billion won in the first quarter, jumping 77.8 percent on-year due to an increase in mobile orders and drive-thru store sales and a lower base effect. Sales surged 15...

Hyundai Motor to invest 8.1 trillion won for EV production in US by 2025

Hyundai Motor Group will invest 8.1 trillion won in the US by 2025 to produce electric vehicles, improve production facilities, and increase its presence in the smart mobility solutions area. South Koreas top automaker,...

S. Korea's logic chip capacity share expected to drop due to US expansion

South Koreas capacity share in the advanced logic chip market is likely to decline as the US attracts more global semiconductor firms to build plants on its turf, according to a report by Counterpoint Research. The...

Hyundai, Kia to suspend plant operations due to chip shortages

Hyundai Motor Co. will suspend its No. 3 and 5 Ulsan plants for several days next week while its affiliate Kia Corp. will suspend its No. 2 Sohari plant due to semiconductor shortages. Operations at the No. 5 Ulsan...

Chick-fil-A limits sauce distribution to customers due to supply chain woes

Chick-fil-A announced it will be limiting customers to one sauce cup or packet per item ordered at most of its approximately 2,600 restaurants. The chicken sandwich company said it is making adjustments to quickly solve...

Politics

Ireland's shame: reforming an adoption system marked by secrecy and trauma

For the greater part of the 20th century Ireland was marked by a culture of shame that separated thousands of women from their children, many of whom were forcibly given up for adoption. The trauma inflicted by these...

World War 3: NATO allies warn Russia amidst tensions with Ukraine

Tensions at the eastern border between Ukraine and Russia have since escalated and became a cause of concern for NATO member countries. With tensions between the two countries potentially escalating into a world war,...

Joe Biden open to passing parts of infrastructure plan without GOP support

The passage of the $1.9 trillion American Rescue Plan was done on party lines, with Democrats exercising their slim majority powers without a single vote of support from Republican lawmakers. In his recent interview, Biden...

Joe Biden hopes Israel - Gaza conflict to be over 'sooner than later'

The unrest in Israel and Gaza has escalated in recent days, especially among Israelis and Palestinians. Joe Biden said this week that he hopes the conflict that is ongoing could be resolved and added that Israel has the...

Kamala Harris meets with Indian-American Rep. Ami Bera to discuss India's COVID-19 crisis

India is currently experiencing an unprecedented crisis in its tackling of COVID-19. This week, California Congressman Ami Bera met with Vice President Kamala Harris to discuss Indias crisis with the pandemic. Bera, the...

Science

Space tourism – 20 years in the making – is finally ready for launch

For most people, getting to the stars is nothing more than a dream. On April 28, 2001, Dennis Tito achieved that lifelong goal but he wasnt a typical astronaut. Tito, a wealthy businessman, paid US$20 million for a seat...

From making wine to managing mine waste, clay is important for many industries

The discovery and use of clays dates back to 30,000 years ago, making clays one of the oldest materials used in society. Clays are naturally occurring materials that were first used to make pottery and are now used...

One incredible ocean crossing may have made human evolution possible

Humans evolved in Africa, along with chimpanzees, gorillas and monkeys. But primates themselves appear to have evolved elsewhere likely in Asia before colonising Africa. At the time, around 50 million years ago, Africa...

Inside the world of tiny phytoplankton – microscopic algae that provide most of our oxygen

Phytoplankton are microscopic algae living throughout the oceans surface waters. They cant swim and are at the mercy of the currents and tides. Despite their small size, phytoplankton enable life in the oceans and...

First human-monkey embryos created – a small step towards a huge ethical problem

Scientists have created the worlds first monkey embryos containing human cells in an attempt to investigate how the two types of cell develop alongside each other. The embryos, which were derived from a macaque and then...

Technology

‘Mass Effect Legendary Edition’ won’t come to Xbox Game Pass anytime soon

With plenty of EA-published games made available to Xbox Game Pass subscribers recently, it is a fair question to ask if Mass Effect Legendary Edition will be included in its library as well. However, the remastered...

Discord to launch Stage Discovery and Threads features soon

Discord has just been updated with new features, and the popular group-chatting client has more things lined up to improve users experience. Barely two weeks after the Stage Channels were launched, Discord has announced...

‘Legend of Zelda: Breath of the Wild 2’ might not be ready for a 2021 launch

A new report claims the development of Legend of Zelda: Breath of the Wild 2 is close to its conclusion. However, this does not necessarily mean the much-awaited sequel is launching anytime soon. Legend of Zelda: Breath...

Sony unveils new colors for PS5 DualSense controller

Sony is giving fans a chance to play their favorite video games in style with the announcement of two new colors for the PS5 DualSense controller. The color options called Midnight Black and Cosmic Red, will not launch...

Google Pixel 6 goes through design overhaul, new leak suggests

All the disappointment Google fans may have felt when not much was changed in the Pixel 5s design last year may be reversed once the Pixel 6 series arrives. A new leak suggests the upcoming phones will sport...
  • Market Data
Close

Welcome to EconoTimes

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