Hyundai to invest $21 billion in clean vehicles and new technology

Clean Vehicles - Huge Investment

Automaker will be investing heavily in artificial intelligence and new technologies South Korean automaker Hyundai has announced that it will be investing $21 billion over the next five years. This funding will be used to improve clean technology and aid the development of self-driving vehicles. The company has taken a strong interest in clean transportation and is among the first to have introduced a vehicle equipped with a hydrogen fuel cell to the global market. Now, Hyundai plans to continue its work with clean vehicles while also increasing its focus…

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Majority of electric vehicles are acquired through leasing programs

Electric Vehicles Study - Charts and Graphs

Study shows most consumers lease their clean vehicles The penetration of electric vehicles in the United States is heavily reliant on leasing, according to a new study from Bloomberg New Energy Finance. In many cases, leasing allows consumers to avoid potentially high upfront costs. In the case of vehicles equipped with fuel cells, leasing programs also grant consumers guaranteed access to the hydrogen fuel they need to power these vehicles. The study shows that the vast majority of electric vehicles and hybrids in the United States are gained through leasing…

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Kia unveils its new clean car and plans for future electric vehicles

Electric Vehicles - Kia vehicle

Kia’s Niro EV has been revealed Automaker Kia has unveiled its new Niro EV concept car. The new model is an all-electric version of Kia’s existing Niro Hybrid. The automaker has become heavily committed to releasing electric vehicles in the coming years and has focused on making these cars as efficient as possible. The Niro EV concept is expected to be able to travel some 238 miles before needing to be recharged. The vehicle is also equipped with new technology that has been developed by Kia and its partners. Kia…

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Toyota has ambitious new plans for electric vehicles

Toyota Electric Vehicles - Toyota Hybrid Engine

Toyota intends to launch more than 10 new electric vehicles by 2020 Japanese automaker Toyota has unveiled plans to ramp up production on electric vehicles. The company believes that clean transportation is becoming more important and it must adapt in order to remain competitive in the global market. Toyota plans to launch more than 10 new electric vehicles by 2020. Some of these vehicles may be powered by hydrogen fuel cells, which have garnered a great deal of attention from the company in recent years. Hydrogen fuel cells remain a…

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Hyundai has big plans for new electric vehicles

electric Vehicles - Electric Car being charged

Automaker is beginning to place more focus on electric vehicles South Korean automaker Hyundai has plans to ramp up its production of electric vehicles. The automaker has already established a position in the clean transportation market, but believes it has been late in doing so. Hyundai senior vice president Lee Ki-sang suggests that the company could have been the first to bring electric vehicles to the market. Instead, the company has focused on more conventional cars, only recently investing more heavily in clean technology. Hyundai plans to launch a new…

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GM looks to make electric vehicles cheaper with new batteries

Electric Veghicles - GM Logo

Affordable batteries could lower the price of electric vehicles Automaker General Motors hopes to see profits from its electric vehicles largely because they are equipped with less expensive batteries. The company is currently working to develop batteries that are approximately one-third less expensive than the batteries it currently uses. These batteries are expected to be used to power the 20 new electric vehicles that GM plans to introduce by 2023. Clean vehicles are still fighting for a place in the market GM has been struggling to sell its clean vehicles…

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Volkswagen aims to bring new electric vehicles to China

Electric Vehicles - Volkawagen Logo on Car

Automaker has a $11.8 billion plan to bring electric vehicles into the Chinese market German automaker Volkswagen has an ambitious plan when it comes to China’s clean transportation market. The company is looking to bring new electric vehicles to China in order to take advantage of the growing demand for such cars. Volkswagen will be investing more than $11.8 billion in this endeavor over the next seven years. China is currently the world’s leading market for electric vehicles. More of these cars are sold in the country than anywhere else.…

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Clean vehicles to take center stage at Tokyo Motor Show

Clean Vehicles -Toyota FT-EV II on display at Tokyo Motor Show

Automakers plan to showcase their clean vehicles at upcoming event The famed Tokyo Motor Show has arrived and this year automakers are showcasing their clean vehicles. For years, automakers have been working to develop new technology that will allow vehicles to operate without producing harmful emissions. Only recently has this technology progressed enough to be considered viable and even competitive with internal combustion engines. This year, most of the world’s leading automakers plan to highlight the capabilities of clean vehicles and how such cars will be made more available in…

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GM unveils plans for new electric vehicles

Plans for Electric Vehicles - Sign for EV charging station

Automaker announces plans to produce two new electric vehicles General Motors has announced plans to begin selling new electric vehicles within the next 18 months. The new vehicles are part of the automaker’s overarching clean transportation plan. By 2023, GM plans to have no less than 20 electric vehicles as part of its lineup. The automaker has shown significant interest in clean vehicles in recent years and is even working with other companies to develop new technology that will power these vehicles in the future. New vehicles may be powered…

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Clean vehicles may get a boost from higher rebates in California

Clean Vehicles - Rebate

New legislation seeks to increase rebates for electric vehicles California is one of the world’s leading clean transportation markets. The state has become a very popular target for many automakers looking to release clean vehicles. While the state has found success in supporting the adoption of clean vehicles, some lawmakers believe that more can be done. New legislation, which was introduced by Assemblyman Phil Ting, aims to further boost the adoption of clean vehicles. To accomplish this, the legislation intends to increase the financial incentives offered to consumers. $3 billion…

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Tesla Model 3 could spark a new era for electric vehicles

Electric Vehicles - Tesla Model S charging

Tesla prepares to launch its new electric vehicles Automaker Tesla Motors is approaching the launch of its Model 3 vehicle, which is the latest of the company’s famed electric cars. Few of these vehicles have been delivered to customers, but Tesla intends to ramp up production in order to meet growing demand for electric vehicles. Currently, Tesla is seeing some 1,800 reservations for the Model 3. This highlights a significant increase in demand, showing that consumers are quite interested in electric vehicles. Clean vehicles may not require government subsidies in…

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Mazda is taking its own approach to clean vehicles

Clean Vehicles - Mazda Car

Automaker intends to avoid battery technology and develop its own type of clean vehicles Several automakers are facing a somewhat challenging future due to the growing importance of clean transportation. Such is the case for Japanese automaker Mazda, which has been somewhat solitary in the market since Ford sold its shares in the company nearly a decade ago. Like other small automakers, Mazda is looking for ways to remain competitive in the transportation market and will have to embrace clean vehicles in order to do so. Instead of investing in…

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Toyota plans to sell innovative new electric vehicles by 2022

Electric Vehicles - Image of Dashboard Gauges

Toyota will be producing new electric vehicles by 2022 Japanese automaker Toyota has announced plans to begin selling long-range, fast-charging electric vehicles by 2022. The company has become heavily involved in clean transportation and intends to bring new clean vehicles to the market in the near future. Toyota intends to ensure that these vehicles appeal to consumers and plans to make these cars more efficient, less expensive, and generally more convenient for drivers. Toyota is expected to draw upon its extensive experience with clean technology to accomplish this task. New…

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Tesla Model 3 to go into production at the end of the week

Tesla Model 3 - Tesla Logo

Production on the Tesla Model 3 to begin ahead of schedule Tesla Motors is preparing to begin production on its latest electric vehicle at the end of this week. The Tesla Model 3 is ready to enter the market in the United States, where electric vehicles have been gaining popularity for some time. According to Tesla CEO Elon Musk, the Model 3 is compliant with all government regulations and commercial production on the vehicle began two weeks ahead of schedule. The automaker plans to deliver the first 30 models of…

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India is focusing heavily on electric vehicles

Electric Vehicle - Car Being Charged

India may have a massive market for electric vehicles by 2030 India is making a major push to promote clean transportation. The country hopes to have an all-electric vehicle fleet by 2030 in order to cut down on emissions and reduce the costs associated with fuel imports. Electric vehicles are becoming more popular in India because they are somewhat less expensive than their conventional counterparts. They also provide those living in large cities with an easy and efficient means of transportation. Government may need to support electric vehicles until market…

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Toyota to build a new company to develop electric vehicles

Automaker is creating a new venture in order to establish a stronger foothold in clean transportation Japanese automaker has announced official plans to create a new, in-house venture company. The new company will be dedicated to the development of new electric vehicles. Toyota has already been working on this plan for some time, as the automaker believes that the venture company will begin operations at some point in December of this year. The offshoot company is part of Toyota’s plan to focus more heavily on electric vehicles equipped with batteries.…

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