Tesla Inc. TSLA 12.66% crossed $1 trillion in market value Monday, joining a select group of companies after its stock price more than doubled this past year on surging vehicle sales and rising profits. Continue Reading
The German government is topping up the funding for private charging stations for electric cars in residential buildings by a further €300 million (US$349 million). The purchase and installation of Continue Reading
Predicting oil—or, apparently, gas—prices is a notoriously uncertain business Over the longer term, predicting oil prices becomes even more challenging But besides crazy bets on high oil prices in the Continue Reading
Tesla has delivered yet another incredible earnings report, shocking markets with its improving profit margins There is more to come from the trailblazing electric vehicle company, however, with its move Continue Reading
Thousands of companies involved with making, selling and servicing traditional vehicles face an uncertain future as the country transitions to electric vehicles. From metal fabricators to auto mechanics and corn Continue Reading
Surging sales of hybrid and fully electric vehicles in Europe remained strong in the third quarter of 2021, helping to shrink the market share of conventional gasoline and diesel cars Continue Reading
Tesla Inc. TSLA 0.18% notched a third consecutive record quarterly profit, thanks in part to the electric-vehicle maker’s ability to navigate persistent global supply-chain disruptions. The strong earnings came after Tesla delivered roughly 73% Continue Reading
A sharp rise in the price of fuel is threatening the airline industry’s slow recovery from the coronavirus crisis. Oil prices climbed to their highest levels in seven years this Continue Reading
Soaring energy prices and fuel shortages have sparked a rise in searches for electric vehicles. The lack of EV infrastructure still presents a major problem for the widespread adoption of Continue Reading
Despite a shortage of semiconductors, the Volkswagen Group delivered 122,100 BEVs (battery-electric vehicles) to customers in the third quarter (July to September), an increase of 109% compared with the prior-year Continue Reading
Universal Hydrogen closed a $62-million new funding round; the oversubscribed round was completed less than six months after the company’s Series A ( earlier post ), bringing total raised to Continue Reading
Cotton and soybeans grow in the west Tennessee fields where, in four years, Ford Motor plans to manufacture electric trucks. Last month Ford and its partner SK Innovation said they Continue Reading
Since August, spot prices for New York Harbor Jet Fuel have risen 37% Soaring fuel costs are set to limit airline profitability towards the end of the year Delta Air Continue Reading
Ballard Power Systems will supply eight of its 70 kW FCmove-HD fuel cell modules to Talgo S.A. —a leader in the design, manufacture, and maintenance of high-speed light-rail trains, headquartered Continue Reading
As EV owners are starting to, unfortunately, learn, electricity to power your “green” vehicles has to come from somewhere. This is a tough dose of reality that many EV owners Continue Reading
The global energy transition away from fossil fuels and towards low-emission energy sources appears to be a primary target for a majority of nations Unfortunately, these nations are reluctant to Continue Reading
If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide (CO2) emissions will increase through 2050 as a result of population and economic growth Production of Continue Reading
Highlights Renewables to make up 27% of 2050 global energy mix Global ICE vehicle fleet to peak in 2038 with rise of EVs Oil, gas output to grow through 2050 Continue Reading
General Motors Co. GM -0.75% set one of its most ambitious financial targets in years on Wednesday, telling investors it aims to more than double revenue by 2030 with an influx of new battery-electric Continue Reading
At the start of the year, executives at electric carmaker Polestar drew up ambitious sales plans for the UK. Within weeks, they had to tear them up. Demand was rising Continue Reading
When the first snub-nosed, electric van rolled off the assembly line yesterday at the Electric Last Mile Solutions Inc. plant in Mishawaka, Indiana, it was a proud moment for the Continue Reading
General Motors announced Ultifi, an end-to-end software platform that it says will unlock new vehicle experiences and connect customers’ digital lives. Ultifi will help enable the frequent and seamless delivery Continue Reading
Rolls Royce made headlines in September when it successfully flew its electric plane for the first time, stating that it hopes to reach 300 mph soon Despite the success of Continue Reading
Ford Motor Company plans to make the largest investment in its history in U.S. manufacturing sites that would build the electric F-Series trucks and the batteries to power future electric Continue Reading
Ford Motor Co. F 2.76% plans to build its first new U.S. assembly plant in decades, along with three battery factories, to fortify its push into electric vehicles as the industry accelerates green-tech investments. Continue Reading
The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to Continue Reading
Governments around the world have long encouraged motorists to buy electric cars. Now they are starting to grapple with a consequence of the green drive: dwindling income from fuel taxes. Continue Reading
The world’s largest independent oil trading house, Vitol Group, has formed a $250-million partnership with Chinese electric vehicle maker BYD to provide EV fleet mobility services in select markets worldwide, Continue Reading
A new total cost of ownership (TCO) study from the National Renewable Energy Laboratory (NREL) finds that battery-electric and fuel-cell electric commercial trucks could be economically competitive with conventional diesel Continue Reading
Bristow Group Inc. , one of the biggest aircraft companies that ferries oil workers to offshore platforms, is considering the purchase of as many as 50 electric-powered helicopters. The Houston-based Continue Reading
Airbus announced plans for a new CityAirbus at the company’s first Airbus Summit on “Pioneering Sustainable Aerospace” as the emerging Urban Air Mobility (UAM) market begins to firm up. CityAirbuNextGen Continue Reading
A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going Continue Reading
While General Motors is in the midst of EV hell, dealing with a massive recall for its Chevy Bolt and shuttering production as a result of the ongoing semi shortage, Continue Reading
Air New Zealand and Airbus have signed a Memorandum of Understanding (MoU) to cooperate on a joint research project to better understand the opportunities and challenges of flying zero-emission hydrogen Continue Reading
Royal Dutch Shell (RDSa.L) plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world’s airlines to reduce greenhouse gas emissions. Aviation, accounting Continue Reading
Walmart Inc. WMT 0.17% is working with Ford F 2.80% Motor Co. and Argo AI to start testing an autonomous-vehicle delivery service in three U.S. cities as the big-box retailer’s consumers continue to favor deliveries within the same Continue Reading
Two recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate Continue Reading
At first glance, it’s a big step forward in curbing climate change. In a deal announced Thursday, the Biden administration and the airline industry agreed to an ambitious goal of Continue Reading
Airlines are piling on more debt as surging coronavirus cases force travelers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, Continue Reading
U.S. oil demand continues its upward trajectory—reaching a record high last week–while product inventories have fallen to the lowest levels in three years. If the demand trend holds, oil prices Continue Reading
Some of the world’s biggest oil consumers, led by China, have already exceeded pre-pandemic consumption levels, Bloomberg reports , citing consultancy SIA Energy. “The worst for Asian fuel demand is Continue Reading
Israel-based StoreDot, the developer of extreme fast charging battery technology for electric vehicles ( earlier post ), has demonstrated a prototype 4680 form factor cell that is fully charged in Continue Reading
Airlines warned Thursday of another pandemic-driven hit to profits in the months ahead, as the Delta variant interrupts a rebound in air travel. Major carriers said new travel bookings have slowed in Continue Reading
The Biden administration announced a goal Thursday of replacing all jet fuel with sustainable alternatives by 2050, setting forth a plan to dramatically boost production of fuels made from waste Continue Reading
DESPITE THE global pandemic and a crippling shortage of silicon chips, German car makers brought a crazy-positive, get-er-done attitude to this week’s opening of the Munich auto show. I guess it’s Continue Reading
Mobileye, an Intel company, unveiled the 6-passenger, road-ready electric autonomous vehicle (AV) that will be used for commercial driverless ride-hailing services in Tel Aviv and Munich starting in 2022. Equipped Continue Reading
An executive with responsibility for Apple’s secretive car project has left for Ford in a stinging departure that potentially spells the end of the iPhone maker’s automotive ambitions. Doug Field, Continue Reading
At IAA Mobility, during his first in-person keynote since taking the helm of Intel in February, CEO Pat Gelsinger predicted that semiconductors will account for more than 20% of the Continue Reading
Toyota Motor Corp. plans to spend 1.5 trillion yen ($13.7 billion) on the supply and development of batteries for hybrid and electric vehicles by 2030, joining other global automakers boosting Continue Reading
Hyundai Motor Group is aiming to become the world’s first automaker to power all its commercial vehicle models with fuel cell systems by 2028 as it seeks to popularise hydrogen Continue Reading
