electric vehicles

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    Transition to EVs Will Lead to ‘Fundamental Transformation’ of Global Auto Industry, IMF Says

    Transition to EVs Will Lead to ‘Fundamental Transformation’ of Global Auto Industry, IMF Says

    As part of its most recent World Economic Outlook, the International Monetary Fund (IMF) has said the transition to electric vehicles will have “far-reaching” effects on production, investment, global trade and employment. The new analysis was released in tandem with annual meetings of the World Bank and IMF this week, where efforts to finance the […]

    42 Billion Euros Spent Annually by 5 Largest EU Countries to Subsidize Fossil Fuel Company Cars, Study Finds

    42 Billion Euros Spent Annually by 5 Largest EU Countries to Subsidize Fossil Fuel Company Cars, Study Finds

    The five biggest countries in the European Union spend 42 billion euros each year on subsidizing fossil-fuel-powered company cars, a new study commissioned by Transport & Environment (T&E) says. The report by Environmental Resources Management (ERM), “Company car fossil fuel subsidies in Europe,” called for increased subsidies for electric vehicles (EVs). “This is completely illogical […]

    In World First, EVs Now Outnumber Gas-Powered Cars in Norway

    In World First, EVs Now Outnumber Gas-Powered Cars in Norway

    In a major milestone, electric cars (EVs) now outnumber gas-powered cars in Norway for the first time, according to the Norwegian Road Federation (OFV), as AFP reported. Of private cars registered in the country, 754,303 of 2.8 million are all-electric, with 753,905 running on gas. “This is historic. A milestone few saw coming 10 years […]

    Volvo Does U-Turn on Target of 100% EVs by 2030

    Volvo Does U-Turn on Target of 100% EVs by 2030

    Volvo Cars has scrapped its goal of selling only electric vehicles (EVs) by 2030, as demand for battery-powered vehicles falls. The Swedish carmaker said it is now aiming for “90 to 100 per cent of its global sales volume by 2030 to consist of electrified cars,” including a combination of EVs and plug-in hybrids, reported […]

    Biden-Harris Admin Announces More Efficient Approvals for Solar Developments on Western Public Lands

    Biden-Harris Admin Announces More Efficient Approvals for Solar Developments on Western Public Lands

    The Biden-Harris administration announced on Thursday the finalization of a plan for solar energy expansion on federal lands in the Western states of Arizona, Nevada, California, New Mexico, Utah, Colorado, Montana, Wyoming, Idaho, Oregon and Washington. As part of President Joe Biden’s Investing in America agenda and a wider plan to decarbonize the power sector […]