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

AmRest sells KFC stores in Russia for $104M

ArmRest, the franchisee of the KFC fried chicken restaurant brand, is selling the stores in Russia for $104.48 million or 100 million. It was reported that the Spanish casual dining, fast-food restaurant and coffee shop...

Coca-Cola partners with Amazon Prime, Imagine Entertainment to launch Christmas movie production

Coca-Cola announces its storytelling initiative with its Christmas Always Finds Its Way short films trilogy. For this project, the beverage company has teamed up with Amazon Prime Video and Imagine...

NFT: Starbucks launches its ‘Odyssey’ Web3 loyalty program, NFT Community

Starbucks revealed on Thursday, Dec. 8, that it has activated the Beta version of its Web3 Odyssey loyalty program as well as its NFT community. This is the testing phase for the coffee chains highly-anticipated digital...

Hanwha Group to sign final deal agreement to acquire DSME

Hanhwa Group has taken another step to complete its deal to acquire the Daewoo Shipbuilding Marine Engineering Co. (DSME), which is the third largest shipbuilder in the world. This means that the company is also inching...

中 제로 코로나 정책, 국가 경제에 큰 손실...회복 어려워

원본 기사 : Chinese economic growth may never recover from COVID heres why 최근 몇 년 간 전 세계 많은 정부가 경제 회복과 코로나 확산 방지 사이에서 균형을 잡기 위해 노력해왔다. 중국은 세계에서 가장 강력히 코로나에...

Politics

Iran judiciary conducts first protest-related execution

Iran has announced the execution of a man convicted of a crime that stems from the ongoing protests. The announcement is another sign that Tehran plans to crack down on the months-long demonstrations against the...

UK: Former health minister will not run for re-election

Former British health minister Matt Hancock said this week that he would not be running again for parliament in the next general election. Hancock is also among the growing number of Conservative lawmakers that will not be...

Russia-Ukraine war: Germany's Scholz says risk of Russia using nuclear weapons now low

German Chancellor Olaf Scholz said that the risk of Russian leader Vladimir Putin resorting to nuclear weapons has lowered now. Scholz said that the diminished risk was a result of international pressure as the war in...

US: Raphael Warnock wins Georgia run-off election

The Democratic Party has reinforced its majority in the US Senate this week after the recent run-off elections in Georgia. Democratic incumbent Raphael Warnock defeated his Republican challenger Herschel Walker in the...

Science

S. Korean scientists detect antibiotic material in spider venom using AI

South Korean scientists have developed an artificial intelligence (AI)-based peptide detection model that can predict the antibiotic functionality of peptides antibiotic for hay bacillus, colon bacillus, staphylococcus...

Scientists test mRNA technology for universal flu vaccine

An experimental vaccine was found to potentially open a pathway to a universal flu shot that might help prevent future pandemics, according to a US study. In initial tests in mice and ferrets, the two-dos vaccine...

Unilever explores the use of “cow-free” ingredients for ice creams

Unilever has begun looking at utilizing precision fermentation technology to create cow-free dairy products or use them within its ice cream portfolio A spokesperson for Unilever said that the companys RD team is in...

S. Korean researchers develop wearable OLED that can cure jaundice in infants

Researchers from the Korea Advanced Institute of Science and Technology (KAIST) have developed a wearable green organic light-emitting diode (OLED) with a 470-nanometer (nm) wavelength that can cure jaundice in...

How satellites, radar and drones are tracking meteorites and aiding Earth's asteroid defence

On July 31 2013 a constellation of US defence satellites saw a streak of light over South Australia as a rock from outer space burned through Earths atmosphere on its way to crash into the ground below. The impact...

Technology

Disney+ ad-supported tier launches with competitive pricing and features to take on Netflix

As promised, Disney+ launched its ads-supported subscription tier on Thursday. And its monthly pricing, along with the perks included in the plan, is giving Netflixs Basic with Ads option a run for its money. The...

FTC files lawsuit to block Microsoft’s Activision Blizzard acquisition alleging the deal violates antitrust laws

The U.S. Federal Trade Commission announced on Thursday that it is filing a lawsuit against Microsoft for its proposed acquisition of Activision Blizzard. The complaint alleges that the deal is in violation of antitrust...

OnePlus 11 design, specs: ‘Official’ images reportedly confirm leaked renders; company to drop ‘Pro’ branding

With the OnePlus 11 generation expected to release soon, a new report surfaced claiming to have an official image that shows some significant design changes in the works. The company is also expected to implement a few...

‘Elden Ring’ free Colosseum update adds new arenas, new PvP modes, and balance adjustments

Elden Ring players will have plenty of new things to do in The Lands Between, thanks to the release of the new Colosseum update. Developer FromSoftware introduced new PvP modes that will be played in new arenas all...

Xbox games: ‘Starfield’ and other upcoming first-party titles will be more expensive starting in 2023

Xboxs parent company Microsoft confirmed a looming price hike for upcoming first-party games. Starfield, along with other yet-to-be-released titles for Xbox Series X/S, will cost more starting next year. Microsoft...
  • Market Data
Close

Welcome to EconoTimes

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