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Electric Vehicle Series

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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 Vehicle Series

The economic black hole at the heart of the shift to electric vehicles

Aug 07, 2017 16:02 pm UTC| Insights & Views Economy

The ban on the sale of new diesel and petrol cars and vans from 2040 is perhaps the most significant policy announcement made by the UK government in the past decade (with the possible exception of Brexit). It feels like a...

Electric Vehicle Series

How electric vehicles could take a bite out of the oil market

Jul 27, 2017 10:13 am UTC| Insights & Views Economy

When will cars powered by gas-guzzling internal combustion engines become obsolete? Not as soon as it seems, even with the latest automotive news out of Europe. First, Volvo announced it would begin to phase out the...

Electric Vehicle Series

Volvo To Go Full Electric, Says Goodbye To Gas Cars

Jul 08, 2017 16:28 pm UTC| Technology

While it still remains one of the most well-known luxury brands of cars in the business, Volvo is not about to wait until it becomes left behind by current trends. As a result, the company has announced that it will be...

Electric Vehicle Series

Electric Cars Can Also Power Buildings When Parked, Researchers Say

Jun 17, 2017 03:11 am UTC| Science Technology

It seems there is one more reason to get an electric car other than to protect the environment. According to researchers, vehicles running on electricity can also power buildings without suffering battery drain or...

Electric Vehicle Series

How electric car racing could one day challenge the spectacle of Formula One

May 25, 2017 13:30 pm UTC| Insights & Views Business

Motor racings most glamorous event, the Formula One Grand Prix in the glittering tax haven of Monaco is just around the corner. It is 67 years since drivers first took on the famous, twisty roads through the principality...

Electric Vehicle Series

India Aims For Complete Electric Car Domination By 2030

May 04, 2017 11:36 am UTC| Technology

The world might be heading towards a more electric car-centric mindset, with more car companies producing excellent examples as a good indication, but India wants to be ahead of every other country in this regard. As a...

Electric Vehicle Series

Another Electric Flying Car Will Be Market-Ready This Year

Apr 25, 2017 23:56 pm UTC| Technology

As yet another sign that the age of flying cars is on its way, a new contender in the electric flying personal vehicle has arrived. Called the Kitty Hawk Flyer, it was made by a company that was actually backed by Larry...

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Economy

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

South Korea Warns Weak Won Could Push Inflation Higher in 2025

South Koreas central bank has warned that inflation next year could exceed earlier projections if the Korean won remains weak against the U.S. dollar, raising concerns about price stability and currency market pressures....

Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism

Chinese robotaxi stocks surged in Hong Kong trading on Wednesday, tracking strong overnight gains in Tesla Inc (NASDAQ: TSLA) as investor optimism around autonomous driving and ride-hailing technology continued to build....

Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes

Most Asian currencies edged lower on Wednesday as investors weighed the U.S. Federal Reserves future interest rate path following mixed signals from the latest U.S. labor market data. At the same time, the Indian rupee...

Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty

Gold prices climbed during Asian trading on Wednesday, while silver prices surged to a fresh all-time high, as growing concerns over the U.S. economy fueled strong demand for safe haven assets. Investors increasingly...

Politics

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Trump Administration Plans Major Increase in Denaturalization Cases for Naturalized U.S. Citizens

The Trump administration is preparing to significantly expand efforts to revoke U.S. citizenship from some naturalized Americans, according to a report by The New York Times citing internal government guidance. Newly...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...

noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking.

A European privacy advocacy group has filed fresh complaints against TikTok, Grindr, and AppsFlyer, accusing the companies of violating European Union privacy laws by unlawfully tracking and sharing sensitive user data...

MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy

Shares of Chinese AI chipmaker MetaX Integrated Circuits delivered a stunning market debut, soaring more than 600% above their initial public offering price as domestic investors poured into local semiconductor stocks. The...

Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates

Apple Inc. (NASDAQ: AAPL) is reportedly in early-stage discussions with Indian semiconductor companies to explore the assembly and packaging of iPhone components in India, marking a potential shift in the companys global...