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Vehicle charging points at a railway station in France. François GOGLINS via Wikimedia Commons

Electric Vehicle Sales Foretell a Big Oil Crash

By Paul Brown

Oil and gas companies have underestimated probable electric vehicle sales and the effect they will have on their own businesses and profits, a new report says.

If the car manufacturers' projections of future sales of electric cars are correct, then demand for oil will have peaked by 2027 or even earlier, sending the price of oil in a downward spiral as supply exceeds demand, said Carbon Tracker (CT), an independent financial think-tank carrying out in-depth analysis on the impact of the energy transition on capital markets.

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Even the Newest 'Clean' Diesel Cars Release 'Toxic Smog,' Study Finds

A new analysis reveals that the latest models of diesel cars approved for sale since the 2015 Volkswagen "dieselgate" scandal are exceeding nitrogen oxides (NOx) limits set by the Europe Union.

For the study, the International Council on Clean Transportation (ICCT) used a "difficult-to-impossible to cheat" emissions test involving remote-sensing technology and statistical analysis to measure real-world exhaust emissions on more than 700,000 cars and 4,850 vehicle models across Europe.

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Animals
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Volkswagen Bans Tests on Animals

German carmaker Volkswagen said it will stop animal testing after coming under intense public condemnation for financing experiments on the effects of diesel exhaust on monkeys.

Volkswagen CEO Herbert Diess made the vow in a letter sent to the German branch of People for the Ethical Treatment of Animals (PETA).

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Business
VW Golf TDI clean diesel at the 2010 Washington Auto Show. Mario Roberto Duran Ortiz / CC BY-SA 3.0

Three Years After 'Dieselgate,' VW Fails Pollution Tests

Volkswagen (VW) cars recalled and fixed after 2015's "dieselgate" emissions cheating scandal are still failing air pollution tests conducted by the Australian Automobile Association (AAA), The AFP reported Monday.

AAA tested the cars outside of the laboratory and found that, while they emitted less than before the recall, they still exceeded Australia's legal limits.

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Climate
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Germany Considers Free Public Transport to Fight Air Pollution

In car-obsessed Germany, the government is considering free public transportation in some of its most polluted cities to reduce road traffic and emissions from private vehicles.

"We are considering public transport free of charge in order to reduce the number of private cars," three ministers wrote in a letter to EU environment commissioner Karmenu Vella in Brussels.

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Volkswagen Group to Offer Electric Version for All 300 Models by 2030

The world's biggest automaker is shifting away from traditional gas guzzlers.

Volkswagen, which has been rebounding from its emissions-cheating scandal, plans to offer an electric version across the group's 300 models by 2030. The company is also rolling out 80 new electric cars under its multiple brands by 2025.

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Volkswagen Offers Cash Back for Trade in of Old Diesel Cars

Volkswagen is offering German drivers up to 10,000 euros ($11,810) off a new, cleaner VW if they trade in an older diesel car of any brand.

The carmaker, which has taken a big hit to its public image ever since its emissions-cheating scandal, said in a statement it is "shouldering its share in the responsibility for climate-compatible, health-compatible mobility on Germany's roads."

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Hippie-Approved Volkswagen Electric Microbus Soon to Hit the Road

Volkswagen is bringing back its hippie-approved minivan but with a 21st century upgrade—the new I.D. Buzz is all-electric.

The concept car was first revealed at the Detroit Auto Show in January and now the German automaker is officially putting its reinvigorated Microbus into production.

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Energy

U.S. Judge Approves Historic Settlement in Volkswagen Emissions Scandal

A U.S. federal judge approved a $14.7 billion settlement in the Volkswagen "Dieselgate" scandal.

Yuankuei / Flickr

This is one of the largest consumer lawsuits affecting more than 475,000 diesel cars in the U.S. The settlement gives Volkswagen owners the option to sell their vehicle back or get a free fix.

"The settlement is fair, reasonable and adequate," U.S. District Judge Charles Breyer wrote in his order.

The German carmaker will also pay $4.7 billion for environmental programs and promotion of zero-emissions vehicles.

"Judge Breyer is making them pay the price. Volkswagen chose to poison our families with dangerous pollution just to pad its pocketbook," Kathryn Phillips, California director for the Sierra Club environmental group, said.

For a deeper dive:

Wall Street Journal, LA Times, Chicago Tribune, Reuters, Detroit News, USA Today, New York Times, NPR, Bloomberg

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