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Showing posts from June, 2024

UK haulage industry calls for investment in electric truck infrastructure

There are just 300 electric HGVs in the 500,000-strong lorry fleet – and only one public charging point, says RHA The road haulage industry is calling on the new government to urgently tackle investment in infrastructure for electric trucks, after pointing out there is just one public charging point for HGVs in the whole of the UK. Takeup of electric cars is soaring, with about 1.1m fully battery-powered cars on British roads and about 63,000 charging units in 33,000 locations, according to Zapmap data. Continue reading...

General Motors names new CEO of troubled self-driving subsidiary Cruise

Robotaxi service recovering from gruesome collision with pedestrian that triggered suspension of California license General Motors on Tuesday named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise as it tries to recover from a gruesome collision that triggered the suspension of its California license and the removal of all its robotaxis from the state’s roads. Marc Whitten, one of the key engineers behind the Xbox video game console, will take over as Cruise’s chief executive nearly nine months after one of the service’s robotaxis dragged a jaywalking pedestrian – who had just been struck by a vehicle driven by a human – across a darkened street in San Francisco before coming to a stop. Continue reading...

It doesn’t make sense: why US tariffs on Chinese cleantech risk the green transition | Jeffrey Frankel

Global demand for renewable energy is surging so why make solar panels, wind turbines and EVs dearer for western consumers? With historic heatwaves sweeping across the US and other parts of the northern hemisphere, June is expected to be the 13th consecutive month of record-breaking global temperatures. The primary cause, of course, is the enormous amount of greenhouse gases in the atmosphere. Despite the existential threat posed by rising atmospheric concentrations of greenhouse gases, emissions continue to increase at a faster pace than previously anticipated. On one front, however, progress in the fight against the climate crisis has exceeded expectations. Amid the global shift from internal combustion engines to electric vehicles and the accelerated adoption of solar and wind power, demand for renewable energy is rapidly rising in the US and the EU. Continue reading...

Rivian shares surge after Volkswagen agrees to $5bn investment

New, equally controlled joint venture will share electric vehicle architecture and software, companies said Shares in Rivian surged after Volkswagen Group, the German automotive giant, agreed to invest up to $5bn in the Amazon-backed electric carmaker. Volkswagen will initially invest $1bn as part of a partnership with Rivian to form a new, equally controlled joint venture to share electric vehicle architecture and software, the companies said on Tuesday. Continue reading...

Volvo does a sharp U-turn as the boxy estates and saloons return to Britain

Last summer the Swedish carmaker announced it would limit UK sales to its more popular SUV models It is not the kind of risky manoeuvre any self-respecting Volvo estate driver would execute but the Swedish carmaker has performed a sharp U-turn on the decision to stop selling them here after an outcry from drivers devoted to a car synonymous with British middle-class family life. Last summer Volvo dropped the bombshell that it would no longer market its estates or saloon cars in the UK and would instead concentrate on its sports utility vehicles (SUVs), which are increasingly favoured by drivers who like the higher seating position and off-road styling. Continue reading...

Carbon emissions from vans still rising as UK drivers cling to diesel

Costly new vehicles, limited choice and scarce charging points are holding back a switch to electric by businesses Carbon emissions from vans in the UK have risen by 63% since 1990, new analysis shows, as cars are getting cleaner. While more people are opting to drive electric or plug-in hybrid cars , van drivers still prefer diesel because electric vans are much more expensive with little choice of models. Continue reading...

Electric carmaker Fisker files for US bankruptcy protection

Company blames supplier delays for missed production targets and has struggled to meet sales forecasts The electric car company Fisker has filed for US bankruptcy protection, making it the latest EV startup to collapse trying to challenge the established car industry. The company was started in 2016 by the husband-and-wife team Henrik Fisker and Geeta Gupta-Fisker . It is the second attempt by Fisker, a former Aston Martin design chief, to establish an EV challenger that has ended in bankruptcy. Continue reading...

BYD: China’s electric vehicle powerhouse charges into Europe

Threat of EU tariffs may not be enough to slow carmaker in its attempt to challenge Tesla on global stage How will tariffs on Chinese EVs work? Germany’s men kicked off Euro 2024 on Friday in Munich. The city is storied in football terms, but it also occupies an important place in Germany’s self-image for a different reason: Munich is home to BMW, one of the country’s car exporting powerhouses. Yet it will not be the logos of BMW or German rivals including Volkswagen or Mercedes-Benz plastered on stadiums or television coverage. Instead, China’s BYD is the only carmaker to sponsor Europe’s premier international tournament. Continue reading...

Jaguar Land Rover to spend £1m to help police stop car thefts

Funding for policing comes amid soaring insurance costs after Range Rovers were stolen Jaguar Land Rover is planning to invest more than £1m to support UK police to fight car thefts and fund intelligence gathering. The luxury carmaker said the money would be used to target theft hotspots and provide police forces “with additional dedicated resources to respond to vehicle thefts across the country”. Continue reading...

EU expected to impose import tariffs of up to 25% on Chinese electric vehicles

Move would trigger duties of more than €2bn a year and probably prompt a trade war Business live – latest updates The EU is expected to notify Beijing on Wednesday it intends to impose tariffs of up to 25% on imports of Chinese electric vehicles, triggering duties of more than €2bn (£1.7bn) a year and probably prompting a trade war with China. The tariffs would be applied provisionally from next month in line with World Trade Organisation rules which would give China four weeks to challenge any evidence the EU provides justify the levies on imported EVs. Continue reading...

Tesla leads charge to defend Elon Musk’s $56bn pay package

After the deal was struck down in court in January, investors will be asked to endorse it again this week Tesla’s shares are down 28% this year. It has warned of “notably” slower growth as sales in its second-largest market, China, fall. A defect forced a recall of its highly anticipated latest product. The chief executive spends a lot of time at other companies or generating controversy. How do you reward him? With a record-breaking $56bn pay deal, if Tesla gets its way at its annual meeting on Thursday. Elon Musk’s pay package – the largest ever granted to an executive at a US-listed company – is not based on Tesla’s current, or future, performance. It was granted in 2018, and built around targets for Tesla’s stock value, revenue and profitability. Continue reading...

Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goals Global investment in low-carbon electricity will rise to 10 times as much as fossil fuel power this year due to an increase in spending on solar projects, according to the International Energy Agency. The global energy watchdog has predicted that investment in clean energy including renewables and nuclear power as well as electric vehicles, power grids, energy storage, low-emissions fuels, efficiency improvements and heat pumps will reach $2tn this year. Continue reading...

One in four cars sold in May in Australia was an EV or hybrid vehicle, data shows

Automative industry findings show Australians have purchased double the number of hybrid vehicles this year compared to the same period last year Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , free app or daily news podcast Australian drivers bought a record number of new vehicles in May, with many choosing to reduce their fuel costs by choosing hybrid and electric models. Almost one in four new cars bought in Australia is a low-emission vehicle, as hybrid and electric models claim a bigger share of the market. But Australia’s love for large vehicles is still on the rise, with SUVs dominating and ute sales continuing to grow. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...