Lack of charging spots continues to restrain electric vehicle market
As automobile giants and customers are turning their attention from conventional cars to electric cars, the lack of charging stations continues to discourage many. Automakers like Chevrolet and Tesla are delivering more e-models capable of providing longer range with lower prices. Many countries have set aggressive targets for e-vehicle sales to curb pollution. For instance, Britain aims to become all-electric by the end of 2040.
However, those lofty ambitions continue to face a number of challenges, including consumers’ concern about lack of charging facilities.
As public charging remains scarce at many places, people who need to travel more than the 200 miles or so that most e-cars can travel face problems, which is discouraging even potential buyers.
It's a very different landscape in New Berlin, Wisconsin, where Jeff Solie, a resident of New Berlin, Wisconsin, relies on the charging system he installed in his garage to charge his two Tesla sedans and a Volt.
The International Energy Agency recently stated that the number of publicly available charging spots grew 72 per cent to more than 322,000 worldwide last year, but the figure remains well behind the required number of charging spots.
Following an unanticipated upturn in economic activity in September, the eurozone economy is widely expected to be on track for the best quarter since 2015.
Elon Musk-led electric carmaker Tesla Motors has confirmed that it will discontinue its cheapest version of its Model S e-car, the rear-wheel-drive S60, on coming Sunday.
Motorola’s parent firm Lenovo recently announced the launch of the Moto G5S and G5S Plus smartphones in several markets. The company will shortly share its plan for worldwide launch.
Luxury vehicle maker Volvo has just introduced the 2018 XC40, the company’s latest SUV that looks forward to compete with the Porsche Macan or Range Rover Evoque.
European Commission President Jean-Claude Juncker’s proposal to expand Eurozone by bringing more countries into it has triggered controversy, mainly in Germany, where Chancellor Angela Merkel is seeking re-election.
Wall Street soared to record highs on Friday, thanks to robust trading in telecommunication shares as well as bouncing back of technology shares after a couple of days of declines.