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Hyundai signs MOU with South Korean government and industry partners to demo EV battery leasing business

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Hyundai Motor Company recently signed a memorandum of understanding (MOU) to work with the South Korean government as well as logistics, battery and mobility companies to demonstrate the electric vehicle (EV) battery leasing business. As a result, KST Mobility is able to have lower initial investment for EV purchases.

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A Giant Game of Telephone: The Revel Tesla Model Y Taxi Situation Explained

Teslarati

Earlier this week, there was plenty of talk about the Revel taxi fleet in New York City, comprised of 50 Tesla Model Y all-electric crossovers that would contribute to the ride-sharing services that the Big Apple has long been accustomed to over the past century. New York City Taxi and Limousine Commission: A Giant Game of Telephone.

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IDTechEx calculates ~31 GWh of electric vehicle markets beyond cars in 2021

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IDTechEx’s latest master electric vehicle report “ Electric Vehicles: Land, Sea & Air 2022-2042 ” finds 35.7 million electric vehicles (EV) were sold in 2021 and predicts this will rise to more than 74 million by 2030. Source: IDTechEx - “Electric Vehicles: Land, Sea & Air 2022-2042”.

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New York City adding 70 electric vehicles to fleet; launches EV educational push

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Mayor Bloomberg announces the addition of 70 new electric vehicles. New York City is adding 70 electric vehicles to its fleet: 50 new Chevrolet Volts, 10 fully electric Ford Transit Connect cargo vans, and 10 new fully electric Navistar E-star utility trucks. Click to enlarge. Earlier post.)

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UK chooses to axe electric vehicle grant programs as popularity skyrockets

Teslarati

Effective immediately, the United Kingdom has announced it will no longer supply EV grants for most consumer purchases. The grant system, launched in 2011 as part of a system to kick start the EV sector in the UK, has ended for most consumers, only leaving grants available for vehicles in niche and commercial uses.

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Electric vehicles Prices May Drop Soon, and Here’s Why

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There seem to be significant advancements in technology and performance for new electric automobiles every week.    Electric vehicles are becoming more widely available as a result of ongoing innovation and the newly gained acceptance from the people. What Drives The Price Drop. Increased Competition.

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ZeroAvia unveils hydrogen fuel cell powertrain for aviation

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It will also be more economical than conventional turbine engines, or even the battery-based systems, on the total cost basis. He previously founded and was the CEO of eMotorWerks, a smart grid electric vehicle charging company acquired in 2017.

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