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The companies will be investing billions.
Imagine it is the year 2047 and you are driving from Toronto to Vancouver. What will the experience be like? How will it be different than today? Here are some possible ways.
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Electric cars contain fewer components, require fewer workers to build.
Among the most important markets within IoT is the automotive industry, where the connected car is already taking off. The IoT-enabled vehicles weave together a suite of integrated devices, which offer many benefits, like improved safety and security, a personalized user experience (Spotify playing your favourite song when you open the door), and a transformed way we think about vehicle ownership.
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It's small, it's electric, and it's likely hitting the streets soon.
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When it comes down to it, an electric car can actually save you thousands of dollars down the road when it comes to fuel costs. In addition, some provinces have launched incentive campaigns to help drivers subsidize the initial purchase price. In Ontario for example, drivers can save up to $13,000 on eligible vehicles thanks to incentives.
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This is how it can be fixed.
Last week marked the 10th anniversary of An Inconvenient Truth, the Al Gore documentary that catapulted climate change onto the global agenda. Here's a quick look at developments over the past decade, both the inconvenient and the convenient.
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Tesla gets 115,000 orders for Model 3 in one day.
What's with all these luxury electric cars? The news from the Frankfurt Auto Show underway in Germany is that Daimler's Mercedes-Benz and Volkswagen's Porsche and Audi will join Tesla and BMW in the...
The problem with electric cars is how to keep them charged when we can't even go a day without our smartphones running out of juice. Well, the U.K. is testing solution.
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Hydro-Québec indirectly subsidizes the wind power sector to the tune of $695 million a year, which amounts to some $200 per Quebec household to produce a tiny fraction of the province's energy. With an estimated 40 billion barrels of oil, developing this resource would provide a minimum of $160 million a year in royalties for the Quebec treasury over 30 years.
There's no doubt that electric cars are hot. From the beginning of 2012 to the beginning of 2014, the number of them on the road around the world quadrupled from 100,000 to 400,000. When you look at the numbers, though, it turns out that subsidizing electric cars is an extremely inefficient way of curbing GHGs. In other words, it costs a lot to reduce a little.
A new free high-speed charging station north of Toronto may be a sign that the barriers to widespread adoption of electric vehicles in Canada are being dismantled. "I expect that within the ne...