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

Hydrogen cars won't overtake electric vehicles because they're hampered by the laws of science

Jun 03, 2020 14:35 pm UTC| Science

Hydrogen has long been touted as the future for passenger cars. The hydrogen fuel cell electric vehicle (FCEV), which simply runs on pressurised hydrogen from a fuelling station, produces zero carbon emissions from its...

Electric Car Series

Wrong way, go back: a proposed new tax on electric vehicles is a bad idea

Dec 24, 2019 08:15 am UTC| Insights & Views Technology

In recent years, false claims have circulated that electric vehicles are breaking our roads because they dont use fuel and so their drivers dont pay fuel excise. Heeding such concerns, both the Victorian and New South...

Electric Car Series

Love it or hate it, Tesla's Cybertruck is revolutionary

Dec 04, 2019 11:23 am UTC| Insights & Views Technology

With a collective gasp and puzzled looks, the world was recently introduced to Teslas newest vehicle. The so-called Cybertruck is an angular, stainless steel, all-electric pickup truck that quickly became...

Electric Car Series

Sweden's new road powers electric vehicles – what's the environmental impact?

Apr 21, 2018 16:18 pm UTC| Insights & Views Technology

Sweden has built the first smart road that will allow electric vehicles to charge as they drive. The eRoadArlanda pilot scheme, which covers two kilometres of road outside Stockholm, is an attempt to solve one of the...

Electric Car Series

Why don't electric cars look like the future?

Jan 09, 2018 15:34 pm UTC| Insights & Views

Electric cars were supposed to be the future or at least look like it. So now theyre here, why do they still look like ordinary petrol and diesel cars and not dazzling props from a science fiction film. Before they hit...

Electric Car Series

End of the road for traditional vehicles? Here are the facts

Oct 10, 2017 13:32 pm UTC| Insights & Views

New sales of petrol and diesel cars will be banned by 2040 in the UK, which has since been joined by France. Sweden and Scotland will impose the ban by 2032, and Norway by 2025. Coupled with increasing concern over the...

Electric Car Series

Jobs, tax and politics: three ways electric vehicles will change our world

Oct 06, 2017 00:15 am UTC| Insights & Views Technology Economy

China, the worlds largest car market, is working on a timetable to stop the production and sale of vehicles powered by fossil fuels. India has declared its intention to make all new vehicles electric by 2030. Like...

1 2 3 4 5 6 7 8 9 10 

Economy

S. Korea posts record-high forex reserves of $410.75-B

South Koreas foreign exchange reserves reached a record high of $410.75 billion in June, having gained $3.44 billion from May due to profits and investment returns from overseas assets and a weak dollar. The June...

International banks sue Argentine soy crusher for diverting funds

International creditor banks are suing Argentine soy crusher Vicentin of diverting hundreds of millions of dollars and have asked a US court to subpoena records as part of a lawsuit, including wire transfers and bank...

UK finance chief encourages dining out to assist economy

UKs finance minister Rishi Sunak encouraged people to dine out to protect jobs and help the countrys economy. Sunak, whose comments were published on the day the UK reopened its hospitality sector, noted that...

Japanese consumer businesses in S. Korea suffer 71% dip in operating profits

The operating profits of 31 Japanese consumer goods producers in South Korea plunged to 71 percent in 2019 on-year due to a boycott against Japanese products. Sales of the Japanese firms also dipped by 6.9 percent, with...

Emirates issues over $517 million in refunds, more reimbursements expected

Dubai-based carrier Emirates has processed nearly 650,000 refunds amounting to over $517 million over the past two months while operating a decreased number of flights on a limited network. According to Chief Commercial...

Politics

Resignation in protest of Ukraine's ex-central bank chief worries IMF

Yakiv Smoliys resignation in protest as Ukraines central bank chief due to systematic political pressure put at risk the countrys $5 billion economic assistance deal agreed with the International Monetary Fund (IMF) last...

Melania Trump is influential and has a sweet relationship with Donald Trump, Well-know hairstylist claims

Melania Trump has always been rumored to have a cold relationship with her husband, Donald Trump. She is also one of the famous personalities who receives many mean and hurtful comments that attack her character and most...

Donald Trump criticized: Ambassadors sold stocks as POTUS downplayed severity of pandemic

Until today, Donald Trump continues to get criticized for his administrations response to the coronavirus pandemic, and infamously, his own stance towards the pandemic. Recent reports have revealed that several ambassadors...

Donald Trump revelation: Appeals judge partially lifts restraining order blocking publication of niece Mary Trump's book

As Democrats continue to encourage others to register to vote and pushing for mail-in voting in the midst of the pandemic, former vice president Joe Biden hopes to protect the rights of Americans to vote. The Biden...

Donald Trump revelation: Appeals judge partially lifts restraining order blocking publication of niece Mary Trump's book

President Donald Trumps niece Mary Trump is set to publish her tell-all book that sheds more light on the Trump family. Following the temporary restraining order placed on both Mary Trump and publisher Simon Schuster, an...

Science

Astronomers spot two exoplanets interacting with each other's gravity

To see exoplanets interacting with one another is a very rare occurrence, but it is what astronomers were able to witness recently. Scientists were able to spot two exoplanets interacting with each others gravity deep in...

Expert claims the Bible is historically accurate using archaeological sources

The Bible is the most important set of texts in Christianity, but there has been some debate on whether or not the places and events mentioned in the scriptures are historically accurate. One expert claims that this is the...

SpaceX and NASA may team up again for upcoming Mars mission by 2030

This year marked the successful launch of NASA astronauts into space straight from US soil thanks to the collaboration between the agency as well as the private space agency SpaceX. The collaboration appears to continue...

Archaeologists find skeletal remains of inmates in former NKVD prison

Much like the horrific Holocaust, there was also the regime of Russian dictator Joseph Stalin that led to the imprisonment and killing of thousands of people, with millions more dying under his reign. A recent discovery...

Technology

Is the Pixel 4a launch imminent as Google discontinues the Pixel 3a series?

Google is no longer producing Pixel 3a and 3a XL units, reports found this week. The timing is interesting, especially since its successor Pixel 4a has been rumored to be announced this month. Pixel 4a release date in...

iPhone 12 could be delayed by four weeks to a couple of months but until 2021

The COVID-19 pandemic has undeniably rocked the tech world, and Apple was not exempted. A new report offers a more vivid look into the possible delays the company might suffer in terms of releasing the anticipated iPhone...

iOS 14: 4 best security and privacy improvements launching later this year

After countless reports of mobile apps and other entities covertly collecting peoples data through the devices they use, iPhone users should pay attention to the security and privacy features launching on iOS 14. Luckily,...

iPhone SE 2021 will keep the A13 Bionic and that’s fine

Reports have it that the new iPhone SE was planned to arrive in two models this year. However, Apple revived its mid-range smartphone lineup with just one variant last April. Later, there have been claims that the tech...
  • Market Data
Close

Welcome to EconoTimes

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