Electric vehicles could save billions in health care costs by 2050
New research shows that if electric vehicles (EVs) took over America’s highways, the air quality would improve dramatically, bringing major health benefits for the population. While it’s no surprise that switching to EVs could boost public health, putting a clear number on those benefits has always been tricky. But now, a recent study from the University of Toronto’s Department of Civil & Mineral Engineering has provided some eye-opening figures. Health benefits of electric vehicles Drawing on the power of computer simulations, the researchers showed that ambitious electrification of the U.S. vehicle fleet, complemented by a substantial implementation of renewable electricity generation, could...
Battery maker LGES offers measured 2025 outlook after slow EV demand drags down Q3 profit
SEOUL (Reuters) - South Korean battery maker LG Energy Solution said on Monday it had a "conservative" view of revenue growth next year and that it will significantly reduce capital expenditure due to slowing electric vehicle demand, after booking a 39% third-quarter profit drop.