LONDON (Reuters) – Electric vehicles and more efficient fuel technology will cut transportation demand for oil by 2040 more than previously expected, but the world may still face a supply crunch without enough investment in new production, the International Energy Agency (IEA) said on Tuesday. Oil demand is not expected to peak before 2040, the
You’re going to be shocked — the electric car that respondents most frequently said they were most likely to buy next (or for the first time in the case of non-EV drivers) was the Tesla Model 3. Over 100,000 reservations ($1,000 each) were placed for the car in under 24 hours — even before the
Tesla’s stock (TSLA) is surging since announcing record profits and the company is now worth more than BMW as the stock of the latter is slipping following disappointing financial results. The California-based electric automaker’s market cap is now worth over $59 billion while BMW’s slipped below 49 billion euros ($55 billion) yesterday after it announced
Utilities, automakers and big oil companies will drive the deployment of electric vehicle charging infrastructure, according to a new report by EY, which warns that despite market uncertainty, investment needs to be made or “it’s highly likely they’ll be late to the party”. ‘Driving the electric vehicle revolution’, released as part of the consultancy’s Renewable
ScottishPower has launched an ‘end-to-end’ electric vehicle deal alongside a car retailer to offer drivers an EV of their choice with an installation of a home charger, powered with green electricity. Following last month’s announcement that the company had sold its gas and hydro assets to be 100% powered by wind, the company has continued
The government’s announcement that Category 2 and 3 hybrid cars will no longer be eligible for its Plug-In Car Grant seems totally incongruous in terms of environmental and societal policies, CO2 targets and other influences. Private motorists, company car drivers and fleet managers have been buffeted around by continuously changing messages and strategies for too
EDF Energy is to offer its business customers vehicle-to-grid (V2G) chargers, as well as using them on its own sites, after partnering with charger supplier and technology developer Nuvve. The supplier is expecting the partnership to result in up to 1,500 installations of V2G chargers, while hoping to unlock 15MW of additional energy storage capacity
Dutch fast electric vehicle charging provider Fastned has set its sights on the UK as one of four markets to be targeted following an €11 million (~£9.6 million) fund raising. The company issued bonds last month offering 6% interest per annum over five years to be paid quarterly in arrears. The proceeds are now to
Electrification is one of the most significant trends in transport today. Future demand for both electric vehicles (EVs) and the associated electric vehicle supply equipment (EVSE) will, of course, be driven by increased adoption of electric vehicles by individuals and businesses. In this post, I will be making the case that the economics of EVs
Hyundai’s Kona Electric tops ‘real range’ test for zero emission cars
Hyundai’s Kona Electric achieved a ‘real-world’ range of 259 miles on a single charge during a What Car? Real Range test – the highest of any vehicle tested. The compact SUV, which Hyundai says has a range of up to 300 miles, was one of 13 electric cars tested, with the brand’s Ioniq achieving the
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