Global oil demand under growing threat from electric cars, cleaner fuel

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

Tesla showroom in Milton Keynes (Image: T. Larkum)

Tesla (TSLA) surpasses BMW’s valuation as one soars and the other slips

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

Our BMW i3 on charge at Corley Services (Image: T. Larkum)

Utilities, automakers and big oil: the future of EV charging

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

Hyundai Kona Electric (Image: Hyundai)

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

Figure 4: Charging on Christmas Day (Image: T. Larkum)

ScottishPower follows up renewables shift with electric vehicle supply offer

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

Mitsubishi Outlander PHEV (Image: T. Larkum)

PHEVs’ exclusion from the Plug-In Car Grant was inevitable

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

OVO Vehicle-to-Grid (V2G) charging (Image: T. Larkum/Fuel Included)

EDF Energy prepares launch of V2G offer following agreement with Nuvve

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