Growth forecasts for global oil demand next year have been downgraded as the post-pandemic recovery stalls just as electric vehicle (EV) use surges. The International Energy Agency (IEA) said on Friday that demand will rise by only one million barrels per day (bpd) in 2024, which is 150,000 bpd less than previously forecast. This will
Electric car owners with driveways are paying less to power their vehicles at home than those forced to rely on on-street charging points. The disparity risks “undermining the Government’s net-zero transport strategy”, claim critics. Campaigners are now calling for VAT on public charging points to be slashed from 20 per cent to the domestic rate
The Inflation Reduction Act, which also includes the reform of the EV tax credit, has now passed the House of Representatives after the Senate and is expected to be signed by President Joe Biden in the coming days. The new eligibility requirements will make most electric models ineligible for the tax credit. After the package
ELECTRIC car owners without off-street parking are paying up to £1,320 a year to charge, but a clever hack could allow them to charge for free. With inflation at its highest in 30 years and public charging costs rising fast, many drivers across the UK may be concerned about their finances in the future. New data has
BRITAIN has performed “better than expected” as its electric vehicle masterplan is set to save Britons £12billion, experts told Express.co.uk. Last week, the independent Climate Change Committee(CCC) released a landmark 600-page assessment of the Government’s various policies and strategies surrounding the energy crisis and climate change. While the report slammed several aspects of the Government’s handling of the energy crisis,
Future EV designs offer drivers more space and leisure, with fewer parts making production more sustainable Take any petrol car sold today and show it to a mechanic working on a Ford Model T 100 years ago and there is a fairly good chance they would understand roughly how it works. An internal combustion engine
More battery-powered vehicles would mean cleaner air and quieter streets – but also a drain on the National Grid and less fuel duty to the Treasury Streets will be quieter, the air will be cleaner, people will spend less time at petrol stations and car factories might even return to Britain’s shores if the country
OEMs have been concerned for some time that the rapid rise of mobility services such as Uber and Lyft will lead to a fall in the number of vehicles purchased by consumers. However, a new report has found that, for current vehicle owners, this assumption may simply not be true. Strategy Analytics’ new report ‘Impact
Britain is emerging as a hotbed for utility-scale battery development, with two of Europe’s three biggest projects under way there and several companies joining a race that could shake up the energy market. Rapid growth of solar and wind energy means power supplies depend increasingly on whether the wind is blowing or the sun shining.
Too many U.S. states, and their electric utilities, think electric vehicles are linked to urgent action on climate change. They see EVs as an environmental solution to a problem that has yet to gain political consensus, at least in the U.S. But they’re wrong: Electric vehicles, like the rest of the products emerging from what
