17 May 2024 07:27:50 UTC

 EDITOR'S CHOICE

30% of Vehicles Sold in India By End of Decade Will Be Electric

18 Jun 2022 | Synopsis

"The total sales of electric vehicles (EV) by 2030 are expected to cross the 10-million-units mark...nearly one in every 10 EVs sold worldwide will be sold in India.

"The transition is expected to be led by two-wheeler and three-wheeler segments...latter...expected to have 95% transition to EVs by 2030...penetration in the former is expected to be around 35%. For passenger vehicles (cars)...10% of sales by 2030."

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Forget Range Worry, Charge Anxiety Is the New Problem for Electric Car Users In the UK

18 Jun 2022 | Synopsis

"Electric car sales are booming but access to public chargers is going backwards...Twelve months ago, there was one charger for every 16 plug-in cars...but now there's just one for every 
32 cars."

"It's easy to see how the problem was created. There are now 140 EV models, another 55 are coming this year...

The number of public chargers increased by 37% in the UK last year, with about 600 added each month..."

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UAE President Urges International Community to Unite for Sustainable Economic, Social Development

18 Jun 2022 | Synopsis

"Sheikh Mohamed emphasised that the UAE, as an active partner of the global community, is determined to deliver a COP28 in 2023 that rises to the challenge, by adopting an approach that ensures the concerns and needs of all stakeholders are heard.

"The UAE has investments of more than $50 billion in renewable energy projects across 40 countries, and plans to invest an additional $50 billion over the next decade."

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The EV Revolution Could Spur a Used Car Catastrophe Abroad

17 Jun 2022 | Synopsis

"..there's something missing: what to do with the diesel and gas-guzzling vehicles being exported in increasingly large numbers to low-income countries...

"..the truth is a little more complicated: Many get shipped overseas.The U.S. exported $8 billion worth of used passenger vehicles in 2021...The EV revolution could make matters worse."

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Faraday Future: An SEC Subpoena, No Revenue, And Almost No Cash Left

17 Jun 2022 | Synopsis

"The company provided reservation figures of around 14,000 and initial financial guidance for revenue of at least $504 million in fiscal 2022...Actual reservations are 97% smaller at 401. The larger figure included free to make indications of interest whilst actual reservations required a $5,000 refundable fee.

"The competition is going to heat up and Faraday faces a difficult battle of gaining market share..."

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Volkswagen Is Poised to Overtake Tesla as the World's No. 1 Electric Vehicle Company

17 Jun 2022 | Synopsis

"In less than two years, Tesla will likely lose the crown of the world's largest electric vehicle company, according to a study by Bloomberg Intelligence published June 14."

"Last year, Volkswagen sold about 450,000 electric cars globally. That's less than half of what Tesla delivered. However, when excluding the U.S.-- where Tesla is a clear winner--the two companies are fairly close rivals..."

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Survey: Many EV Truck Buyers Reserve More Than One

17 Jun 2022 | Synopsis

"Eighty-nine percent of survey respondents who had reserved a Tesla Cybertruck also reserved another electric pickup. In comparison, every buyer who had reserved a Ford F-150 Lightning or Chevy Silverado EV also reserved another EV truck.

"Chevy is taking reservations for the Silverado EV now with hopes of delivering it by 2024, for instance. Just 20% of those who have reserved a Silverado EV told Recurrent they expect to buy it."

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This Compact Electric Vehicle Wants to Combine a Scooter and a Car

16 Jun 2022 | Synopsis

"Because it is designed for urban transport, it tops at 50 mph, with a predicted range of 93 miles in the city...on a 9 kilowatt per hour battery, which the company says can charge to 95% in a little under five and a half hours...on 120V.

"Pre-orders for the Nimbus One have begun with the company asking for $100 down payments... and a sticker price of $9,980; they also intend to offer the vehicles as a subscription..."

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The DLR U-Shift Concept Is The Smart Mobility We Can't Wait To Have

16 Jun 2022 | Synopsis

"Spearheaded by the German Aerospace Center (Deutsches Zentrum für Luft und Raumfahrt; DLR), U-SHIFT is essentially a smarter, cleaner, and versatile way to "shift" people and cargo.

"The innovative, out-of-the-box design incorporates novel modularity demarcating the drive module (or driveboard) from the transport module.

"DLR says a fully autonomous example with a top speed closer to 38 mph should be available as early as 2024."

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Why Investors Suddenly Care About Saving the Environment

16 Jun 2022 | Synopsis

"Here's a big number: $44 trillion.

That's how much of the world's total economic output is dependent on animals and ecosystems, according to the World Economic Forum...[which] ranks “biodiversity loss” as the third most severe risk to the economy over the next decade, after failure to act on climate change and extreme weather."

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