Ford expects to build over 2 million electrified vehicles yearly and achieve an adjusted operating profit margin of 10% by 2026. Both objectives would represent a significant improvement over the business’s existing…
Category: Electric vehicles
BP makes a £50 million investment in a brand-new battery testing facility for electric vehicles
In 2021, it was estimated that there was $46.03 billion dollars worth of electric vehicle batteries sold worldwide. The market for EV batteries is anticipated to grow significantly over the course of…
Blockchain charging for electric vehicles is developed by VW and Energy Web
Distributed ledgers, also known as blockchains, are a new technology that has piqued the interest of many organizations, including national governments, financial institutions, startups, and companies that supply the energy industry. Numerous…
Morocco will launch a “gigafactory” for batteries for electric vehicles
A gigafactory is a large manufacturing facility that manufactures lithium-ion batteries for energy storage, electric vehicles (EVs), as well as other battery-powered gadgets on an enormous scale. Elon Musk, the creator of…
To switch to electric vehicles by 2035, retrofitting is an option
To convert current gasoline or diesel-powered vehicle to electric vehicle (EV) is known as EV retrofitting. The technique entails replacing the original engine and other relevant parts and putting a new alternative energy…
The Automobile Giants Competing for Control of EV Markets
As electric vehicles (EVs) are the way of the future for road transportation, several automakers around the world are investing heavily in EVs. As the number of EVs on the road rises,…