Volvo has cut off funding to the Polestar electric vehicle (EV) venture. The EV brand, launched in 2017, is a joint venture between Volvo and Chinese car company Geely, which also owns a majority interest in Volvo.
Tag: electric vehicles
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TOP TREND 2024: EV GO FU: LITHIUM PRICE CRASHES AS GLOBAL EV DEMAND SLOWS
In recent months, sales of electric vehicles (EVs) have stalled around the world. High sticker prices, high interest rates, and a global economic slowdown have left post-inflation consumers reluctant or unable to pay the more than $50,000 cost of an EV.
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FORD CUTS EV TRUCK PRODUCTION, AS MERCEDES MAKES MULTI-BILLION BET ON TRUCKERS (BEING FORCED INTO) GOING EV
Ford announced this past week that it will slash 2024 production of its main EV truck line, the F-150 EV.
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TOP TREND 2024 EV GO FU: HERTZ STUMBLES OVER EV HURDLES
Not so long ago, the Biden administration was heralding a major Hertz Rental Car investment in fleets of Electric Vehicles, as a cutting edge example of the EV transition.
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SWEDISH COMPANY MAY HAVE INVENTED THE PERFECT EV BATTERY
Northvolt, a company in Stockholm, Sweden, has invented a battery for electric vehicles that uses no critical minerals and instead is based on salt.
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TOP TREND 2024 EV GO FU: 2023 EV SALES WERE A DEBACLE
Millions worth of subsidies—with some of that money drawn from government medicare programs—couldn’t prevent EV sales from getting stuck in a ditch in 2023.
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FIREFIGHTERS STRUGGLING TO COPE WITH HARD-TO-EXTINGUISH LITHIUM-ION BATTERY FIRES
On the last day of 2023, firefighters were finalizing a plan to extinguish a lithium-ion battery fire aboard the Genius Star XI, a 13,000-ton cargo ship en route from Vietnam to San Diego.
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AN EV MOTOR FREE OF RARE EARTH METALS
Among electric vehicles’ (EVs’) various supply issues, one sticky one is the need for rare earth metals in the permanent magnets that make their motors spin.
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EV SALES SLUMP IN U.S., EUROPE
Even though electric vehicle (EV) sales in the United States topped 300,000 for the first time in this year’s third quarter, sales of electric vehicles (EVs) have stalled in Europe and the U.S., prompting manufacturers to slow or halt production and dealers to slash prices to move the cars off their lots.
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NO PRESSURE! NEW, CHEAPER WAY TO STORE HYDROGEN AS FUEL
Hydrogen is in the headlines these days as a viable fuel for trains, planes, and vehicles that run on fuel cells. However, a key roadblock to hydrogen’s use is storage: the gas has to be kept under high pressure, which not only requires a lot of energy to compress it but also sharpens the risks of explosions.