With the ever-changing automotive industry, this year brings new political dynamics and global focuses. 2021 is going to be big for electric trucks of all kinds, but not due to any one reason in particular.
But nowhere has this change been as dramatic as the transport industry, with EV titans such as Tesla Inc. (NASDAQ:TSLA) and NIO Ltd. (NYSE:NIO) now commanding substantially higher valuations than their imposing ICE brethren, General Motors (NYSE:GM) and Ford Motors (NYSE:F).
With sales of electric vehicles (EVs) already rising by 144 per cent in 2019, the popularity of EVs will only continue to increase ― but they haven't always been racing ahead.
Is the grid ready for electric cars? More electric cars and renewable electricity will cause more volatility in the supply and demand of electricity
On the road to an emission free economy, there are still several challenges to be overcome. One of the biggest challenges is building and operating an electricity distribution network for the increasing number of EV charging stations.
The demand for lithium batteries is expected to grow tenfold by 2030. However, the U.S. will produce only 14% of the world's lithium-ion batteries by 2021. These batteries are needed to make electric cars.
The Prime Minister has labelled his ten-point action plan, which includes investment in sustainable energy and bettered public transport, a 'green industrial revolution'.
Lithium-ion batteries are the only technology that can meet the performance requirements for electric vehicles and renewable energy storage. However, the demand for lithium-ion batteries is rising far quicker than investments in the raw materials required to produce them.
As we celebrate National Hydrogen and Fuel Cell Day on October 8th, it seems appropriate to take a look back over some of the new products introduced over the last year that have helped enforce the impact and potential fuel cell and hydrogen technologies can make on the world.
New energy storage system estimated to be less than a quarter of the cost of most battery storage units and weighs nearly 70 percent less.
The 2019 photovoltaic energy sector saw unprecedented growth, so much it accounted for nearly 40% of new capacity across all electric power production markets that year. 2019 installations were up 15% from the previous year.
Battery electric cars catered for 4.7 per cent of all new car sales in July, something industry experts expect to continue well into the remainder of 2020.
Surging popularity of renewable energy sources like wind and solar along with growing electrification initiatives across rural sectors might accelerate the adoption of off-grid services.
There have been debates regarding the pollution caused during the manufacturing of batteries for Electric Vehicles. For instance, some studies seem to suggest that the life-cycle emissions (including battery manufacturing) of an electric vehicle barely helps in reducing carbon emissions.
Spanning a planned area of 3,000 acres (2 million square metres), it has five cutting-edge workshops including stamping, welding, painting, final assembly, and battery pack production.
Coupled with StarPower's power module technology, the use of Cree's silicon carbide-based MOSFET in the powertrain will help extend driving range while lowering weight and conserving space.
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