The Tesla Tumble: What’s Fueling the Electric Disruption?
Tesla’s stock recently plunged by over 15%, marking a significant decline since its peak in December 2020. Elon Musk’s focus on other ventures…
Electric Vehicles (EVs) are automobiles that are powered entirely or partially by electricity. This electricity can be stored in batteries and used to drive electric motors, which propel the vehicle. Unlike traditional vehicles that rely on internal combustion engines using gasoline or diesel, EVs utilize rechargeable batteries, offering benefits such as reduced emissions, lower operating costs, and quieter operation.
There are several types of electric vehicles, including fully electric vehicles (BEVs), which operate solely on electricity; plug-in hybrid electric vehicles (PHEVs), which combine an electric motor and a gasoline engine; and hybrid electric vehicles (HEVs), which primarily use an internal combustion engine but incorporate an electric motor for improved efficiency.
The rise of electric vehicles is often associated with efforts to reduce greenhouse gas emissions, enhance energy efficiency, and decrease dependence on fossil fuels. The increasing availability of charging infrastructure and advancements in battery technology have contributed to the growing popularity of EVs in the automotive market.
Tesla’s stock recently plunged by over 15%, marking a significant decline since its peak in December 2020. Elon Musk’s focus on other ventures…
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