PYMNTS-MonitorEdge-May-2024

electric vehicles

Walmart Adds Juice to EV Fast Charging Network
Walmart Adds Juice to EV Fast Charging Network
April 06, 2023  |  Walmart

Walmart is expanding its electric vehicle charging capabilities in a bid to promote EV ownership. “By 2030, we intend to build our own EV fast-charging...

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GM Picks Google Over Apple for Connected EV Projects
GM Picks Google Over Apple for Connected EV Projects
April 02, 2023  |  Connected Economy

General Motors has enlisted Google to help build infotainment systems for electric vehicles. The automaker will stop using Apple CarPlay and Android Auto systems beginning...

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EV Charging Stations May Rev Up Retailers’ Basket Sizes and Sales
EV Charging Stations May Rev Up Retailers’ Basket Sizes and Sales
March 31, 2023  |  Technology

For brick-and-mortar retailers — convenience stores especially — boosting foot traffic is essential. And for some forward-thinking merchants, the way to charge sales and boost...

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7-Eleven to Expand EV Charging Network Across US and Canada
7-Eleven to Expand EV Charging Network Across US and Canada
March 20, 2023  |  Retail

7-Eleven plans to build one of the largest electric vehicle (EV) fast-charging networks offered by a retailer. The convenience store retailer already offers fast-charging services at...

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JPMorgan Helps Volvo Enter Indian EV Market
JPMorgan Helps Volvo Enter Indian EV Market
March 08, 2023  |  Digital Payments

J.P. Morgan has assisted Volvo’s entry into the Indian electric vehicle market. The Swedish luxury carmaker’s XC40 Recharge is an exclusive direct-to-consumer (D2C) model powered...

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Flexible Leasing Options Drive Transition to Sustainable Mobility in Europe
Flexible Leasing Options Drive Transition to Sustainable Mobility in Europe
February 08, 2023  |  Subscription Commerce

Electric vehicles (EV) are driving the electrification of the European auto market. In the U.K., for example, 16% of all new car sales in 2022...

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How the Switch to EVs Is Changing Driving and Payments
How the Switch to EVs Is Changing Driving and Payments
February 02, 2023  |  Payments Innovation

As the era of the combustion engine winds down, its payment logic appears increasingly outdated. In its place, electrification is ushering in alternative models for...

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EV Subscription Service Onto Nets $124M Credit Facility
EV Subscription Service Onto Nets $124M Credit Facility
January 25, 2023  |  Subscriptions

The electric car subscription service Onto has secured a £100 million ($123.9 million) credit line. The London-based firm announced the new facility in a blog post on...

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US Car Sales Hit Lowest Level in 10+ Years
US Car Sales Hit Lowest Level in 10+ Years
January 04, 2023  |  Economy

When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be...

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