Airline passenger numbers down 61% on year in 2020: IATA
Air passenger numbers are set to have weakened by almost 61% in 2020 on the year to 1.8 billion, the International Air Transport Association said in a statement Nov. 24. Continue Reading
International flyers may soon need to get virus vaccinations
International air travel could come booming back next year but with a new rule: Travelers to certain countries must be vaccinated against the coronavirus before they can fly. Encouraging news Continue Reading
Emirates Sees 2022 Return of Jumbo A380s as Travel Recovers
Emirates sees a sharp recovery in demand for air travel next year as coronavirus vaccines are distributed around the world, meaning the carrier’s full fleet of jumbo Airbus SE A380 jets could Continue Reading
The Investment Trend That Could Send Tesla To $2 Trillion
Hedge fund bulls say Tesla (NASDAQ:TSLA) is on its way to a $2-trillion market cap after gaining 400% this year … It’s already worth 5X the combined value of giants Continue Reading
How Stimulus Packages Could Accelerate Electric Vehicle Adoption
Stimulus packages around the world could help a rise in electric vehicles (EVs) sales and speed up progress in decarbonization in the transportation sector, the International Energy Agency (IEA) said Continue Reading
The EV Revolution Is Threatening Long-Term Oil Demand Growth
The growth in electric vehicle adoption, especially in emerging markets, could threaten long-term oil demand growth, Carbon Tracker has reported , citing these markets’ dependency on imports that could be Continue Reading
Asian Crude Demand Gives Oil Markets Hope
While oil demand in Europe and the United States continues to disappoint, refiners in Asia are racing to procure crude from around the world, giving the oil market some hope Continue Reading
GM: New batteries cut electric car costs, increase range
General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also Continue Reading
GM’s Barra accelerates ‘all out pursuit of global EV leadership’
General Motors Co GM.N Chief Executive Mary Barra said the Detroit automaker is accelerating an “all out pursuit of global EV leadership,” challenging electric vehicle leader Tesla Inc TSLA.O with Continue Reading
Tesla Stock Soars After S&P 500 Addition
Tesla will join the S&P 500 index in December after reporting five consecutive quarterly profits. “Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to the open Continue Reading