February was the 36th consecutive month of car sales growth in UK – registrations went up by 12% year-over-year to 76,958. The numbers themselves are low as February is one of the slowest sales months of the year ahead of a number plate change in March. Despite this, electric cars grew like crazy by 497%
A £20 million fund will be made available to local authorities to support the rollout of ultra-low emission taxis across the UK. The money will be available to reduce the upfront cost of purpose built taxis and to install charging infrastructure for taxi and private hire use. A further £25 million has been set aside
Global automakers are readying a new generation of mass-market electric cars with more than double the driving range of today’s Nissan Leaf, betting that technical breakthroughs by big battery suppliers such as LG Chem Ltd will jump-start demand and pull them abreast of Tesla Motors Inc. At least four major automakers — General Motors, Ford,
It was another typically hyperbolic statement from Tesla Motors CEO Elon Musk. A simple tweet on a Sunday afternoon claimed that Tesla was “About to end range anxiety … via [over-the-air] software update. Affects entire Model S fleet.” As usual, the media erupted with wild speculation about what Musk could do to “end range anxiety”
Shale debt, falling prices and slack demand has tight oil producers in trouble. And yet, there is still burgeoning production. Why? Well, we’ve seen this before. It’s the shale debt redux. Operators did it a few years ago in natural gas and prices have yet to recover. Unfortunately cheap money in the form of debt
Five years ago, I wrote an article for Reuters titled “Goldilocks and the Three Fuels.” In it, I discussed what I call the Goldilocks price zone for oil, natural gas and coal, a zone in which prices are “just right” — high enough to reward producers but low enough to entice consumers. Ever since the
Rethinking the grid is quickly emerging as one of the hottest topics. The concept of our own personal power stations can be seductive…and just might save us a whole lot of money too. “Get big or get out!” Those were the famous, and controversial, words of Earl Butz, Secretary of Agriculture in the seventies. Considering
Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour. The Wall Street Journal reported that tens of millions of
What is a Green Vehicle? It is a vehicle which, for its size and purpose, provides the Canadian consumer with environmentally-friendly returns that compare favourably with other vehicles in its class. VANCOUVER, March 24, 2015 /CNW/ – In an early afternoon press conference at the opening ceremonies of the Vancouver International Auto Show, the Kia
The age of electric vehicles, those quirky cars that have been perennially stigmatized as lacking range, reliability and affordability, is finally here. If you don’t believe that statement, you probably haven’t driven one recently. Or attended a Formula E auto race. Or taken a look at some of the sales numbers. Or all of the
