Become a contributor

Bookmark Econotimes

Sun, Jan 05, 2025 02:20 AM All times are UTC

Follow Series

Electric Car Series

©Econometrics LLC . All Rights Reserved.

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

Digital Currency Revolution

BitGo Engineer Preorders Tesla Model 3 Using Bitcoin

Apr 04, 2016 10:39 am UTC| Digital Currency

Mainstream bitcoin adoption still remains a much debated topic. However, the use of digital currencies as a payment method has been consistently growing. Although their potential to replace conventional fiat currencies...

Electric Car Series

Tesla's gamble on its 'affordable' electric car

Apr 04, 2016 09:12 am UTC| Insights & Views Business

Tesla announced what it calls its most affordable electric vehicle in the Model 3 last week. The car can now be ordered with a deposit of A$1,500 in Australia (US$1,000 in the United States) but wont be delivered until...

Electric Car Series

Tesla Unveils $35k Model 3 Electric Car for the Masses

Apr 01, 2016 08:52 am UTC| Technology

Tesla has finally unveiled the much-awaited Model 3 electric car at the companys design studio in Hawthorne, California, The Verge reported. CEO Elon Musk hopes the new variant will take the electric car to the masses....

Electric Car Series

Graphite: to capitalise Australia needs to invest in conversion

Mar 23, 2016 02:48 am UTC| Insights & Views

Australia can capitalise on graphite if it considers new technologies that convert it to synthetic diamonds and for use in creating carbon fibres, rather than just mining the mineral. Graphite is a form of carbon, the...

Electric Car Series

Lithium: Australia needs to recycle and lease to be part of the boom

Mar 22, 2016 00:56 am UTC| Insights & Views

Australia has an opportunity to capitalise on the increasing global demand for lithium batteries by developing recycling systems and creating models for leasing the resource. Lithium is the third element in the periodic...

Electric Car Series

Climate Change Series

Will cheap gas at the pump stall progress on car emissions?

Mar 18, 2016 00:12 am UTC| Insights & Views Nature

Retail gasoline prices are now as low as they were in the roaring 90s. The 1990s, that is, when the energy crisis of the 1970s had faded from American consumers memories, the economy was strong and the market share of...

Electric Car Series

How driverless vehicles will redefine mobility and change car culture

Feb 24, 2016 16:12 pm UTC| Technology

My grandmother, Christine Johanna Hoffman, was born in 1894 and died in 1990. In the course of her lifetime, she witnessed the advent of indoor plumbing and home electrification, the Wright Brothers first flight, the debut...

11 12 13 14 15

Economy

Galaxy Z Flip FE and Watch8 Classic Rumored in Database Leak as Samsung Plans August Unpacked Reveal

The Galaxy Z Flip FE and Watch8 Classic have surfaced in a database, fueling rumors about their global debut at Samsungs highly anticipated August Unpacked event. These devices highlight Samsungs push toward affordability...

Apple Skips TSMC’s Pricey 2nm Chips for iPhone 17 Pro Over Steep Costs and Limited Production

Citing high production costs and limited capacity, Apple has delayed using TSMCs 2nm chips in its iPhone 17 Pro models. The advanced chips are now expected in 2026 with the iPhone 18 Pro series. Apple Delays iPhone 17 Pros...

MINISO Stock Climbs as 'Black Myth Wukong' Alliance Sparks Global Excitement

MINISO shares soared in Hong Kong and New York after announcing a partnership with Black Myth Wukong, Chinas groundbreaking AAA game. The collaboration includes co-branded products set for 2025, reflecting MINISOs drive to...

Apple Faces $95 Million Settlement Over Siri Recordings Linked to Privacy Breaches and User Ads

Apple has settled a class action lawsuit for $95 million over claims that its Siri assistant recorded private conversations and disclosed them to advertisers. Millions of users are eligible for compensation, with the class...

Biden Blocks Nippon Steel’s $10B Takeover of US Steel Over Security and Worker Concerns

President Joe Biden has rejected Nippon Steels $10B bid for U.S. Steel, citing risks to national security and American jobs. The decision, supported by union leaders and lawmakers, ends months of debate over the...

Politics

Robert F. Kennedy Jr.’s Path to HHS Sparks Fierce Debate over Health and Leadership in America

Robert F. Kennedy Jr., a controversial figure in health advocacy, is reportedly on the verge of securing the votes necessary for confirmation as Secretary of Health and Human Services (HHS). The development has ignited...

Department of Justice Faces Scrutiny Over $100 Million Spent on Controversial DEI Programs in Four Years

The Department of Justice (DOJ) has come under fire following revelations that it spent over $100 million on diversity, equity, and inclusion (DEI) programs in the last four years, according to a report by Fox News. The...

Biden Honors Jan. 6 Committee Members With Prestigious Award, Sparking Fierce Debate Across the Nation

President Joe Biden is set to award the Presidential Citizens Medal to key members of the Jan. 6 committee, including Republican Liz Cheney and Democrat Bennie Thompson. The announcement, first reported by Axios, has...

Elon Musk Sparks Outrage With Explosive Accusations Against Biden’s Border Policies

Tech mogul Elon Musk has once again stirred controversy, this time with his incendiary claim that President Joe Bidens open-border policies constitute 100% treason. The bold accusation, made via Musks widely followed...

Biden’s Bold Move to Permanently Ban Offshore Oil Drilling Sparks Nationwide Debate Before Trump Takes Office

In a dramatic end-of-term decision, President Joe Biden is reportedly planning to implement a permanent ban on offshore oil drilling in key areas, according to Bloomberg. The move is seen as a final effort to solidify his...

Science

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Technology

Elon Musk Dispatches Tesla Team to Recover Cybertruck Video After Las Vegas Explosion Shocks the Nation

Elon Musk has sent a specialized Tesla team to Las Vegas in a bid to recover in-cabin video footage from the Cybertruck involved in a shocking explosion outside the Trump International Hotel. The incident, which occurred...

BYD Outpaces Expectations with 4.27 Million Sales in 2024 as Tesla Rivalry Escalates

BYD shattered sales records in 2024, delivering 4.27 million NEVs and intensifying its rivalry with Tesla. The automakers growth spanned global markets, fueling speculation about its future dominance as it gears up for...

$7,500 Tax Credit Sparks Hyundai, Kia, and Genesis EV Push in Competitive US Electric Market

Hyundai, Kia, and Genesis electric vehicles join the list of $7,500 US tax credit qualifiers for the first time. This significant boost aligns with Hyundais rapid US expansion through local manufacturing and advanced EV...

Musk’s Cybertruck Investigation Unveils Shocking Details on Trump Hotel Explosion in Fatal Incident

Elon Musk confirmed Wednesday that Teslas Cybertruck explosion outside the Trump Las Vegas hotel involved fireworks or a bomb. One person was killed, seven were injured, and authorities are investigating the incident as a...

Putin Drives Russia's Government and Top Bank to Strengthen AI Cooperation with China Amid Sanctions

President Vladimir Putin has tasked Russias government and Sberbank to bolster AI cooperation with China. This strategic move aims to counter the impact of Western sanctions that have hindered Moscows access to critical...