The reality of Chinese electric cars may surprise you
China is the world's largest market for electric vehicles. As the Chinese government continues to insist on expanding electric mobility, its impact on the global vehicle market cannot be overstated.…

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Depreciation of electric cars is happening faster than anticipated: in 2022 electric cars will become cheaper than internal combustion engine cars
Every year BloombergNEF analyzes the cost of buying an electric car in all major parameters and compares it with the cost of a car with an internal combustion engine of…

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3 myths you should know about electric cars in the USA
On 6 October 2018, the intergovernmental panel on climate change issued a special report to policymakers urging that, in order to avoid the most catastrophic consequences of climate change, we…

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catastrophic

Electric cars will not save the planet without renewable energy

Several countries, including France, Norway and the UK, are planning to abandon fossil-fuel-powered cars by 2040-50 to reduce air pollution and combat climate change. The idea is to replace cars with internal combustion engines by electric vehicles. However, this is unlikely to help the environment, as electric vehicles are charged with electricity, which is produced from the same “dirty” fossil fuel.

By 2040, global electricity consumption by electric vehicles will rise to 1,800 TWh — about five times the current annual electricity consumption in the UK. Using UK data as a benchmark, carbon emissions will amount to an additional 510 megatons coming from the electricity sector worldwide. But this figure can be significantly reduced if electricity is produced exclusively from renewable energy sources and not from fossil fuels. Continue reading

Retail is dead: why Tesla will get more profit by closing stores
Elon Musk recently announced that Tesla will close 10-30% of retail stores with low efficiency and completely change its sales strategy. Some shareholders of the company have already expressed their…

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All official electric vehicles of Ukraine: prices, specifications, specifications
The level of popularity of electric vehicles in Ukraine and legislative initiatives that contribute to the further popularization of eco-friendly cars in the country, are increasingly forcing dealers to think…

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What is the difference between electric vehicles and hybrids or plug-in hybrids
Electric vehicles that you can buy are a relatively new product on the market. Hybrid cars that combine a conventional petrol or diesel engine with an electric motor have been…

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