Innovation & Technology

Startups will power new EV generation

Smells like good business: Startups compete to enter the global EV market

The global car industry has invested $1.2 trillion in EV (electric vehicle) research, providing new startups with a fantastic opportunity to land contracts for everything from battery packs to motors and inverters. Competition for EV contracts has included startups that specialize in batteries and coatings to protect EV parts, as well as suppliers who have …

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Traffic jam

Why electric vehicles incentives are important: EU and US begin discussions

According to EU Commissioner for the Internal Market Thierry Breton, the European Commission has begun discussions with the United States to consider incentives for electric vehicles traded in the North American trading bloc. He continued by saying that the Commission is also discussing other components of the recently enacted U.S. Inflation Reduction Act. Incentives for …

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Fusion energy might aid the effort to slow global warming

U.S. scientists declared a breakthrough in fusion energy: Is it helpful in fighting climate change?

Today there was a release of new fusion energy research from American scientists. It says that this kind of energy can go from the lab to commercial electricity production in the ensuing decades. It might aid the effort to slow global warming. The U.S. Energy Department said that last week, researchers at the Lawrence Livermore …

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The first electric delivery trucks came off the assembly lines at BrightDrop's new facility in Canada

GM’s BrightDrop launches its first large EVs factory and DHL is the first customer

On Monday, the first EVs, electric delivery trucks came off the assembly lines at BrightDrop‘s new facility in Canada. At the same time, the General Motors Co. subsidiary also named DHL Express Canada as its first international client. It took GM seven months and more than $2 billion to convert Canada’s first significant electric vehicle …

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Power your wheels: Electric vehicles conquering the auto-world

Volkswagen’s Skoda brand will launch three new electric vehicles by 2026. According to the business daily Handelsblatt, it will be four years earlier than planned. The Czech carmaker and Volkswagen subsidiary will spend most of its planned investment on these new models. This would increase the proportion of electric vehicles in their lineup to 70% …

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IEA information on energy crisis spotlighted by new Google search tool

Many people are concerned about energy savings and affordability as a result of the world’s first truly global energy crisis. According to Google, one in every four searches on the topic of energy prices in the United Kingdom a year ago was a ‘why, how, or when’ question. IEA provides answers. Search interest in Germany …

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BMW to invest $1.7 billion in electric vehicles production

BMW Group intends to invest $1.7 billion in its U.S. operations in order to manufacture electric vehicles. The business plan also includes the production of batteries. The investment will include $1 billion for electric vehicle production at BMW’s South Carolina plant. Another $700 million are invested in a high-voltage battery-assembly facility in nearby Woodruff, which …

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