Royal Dutch Shell Plc said its carbon emissions and oil production have peaked and will decline in the coming years as the company laid out a detailed plan for its transition to cleaner energy. In a sign of how much the petroleum industry has shifted away from its mantra of growth and exploration, Shell said […]
Enlarge (credit: Aurich Lawson / Getty Images) Around the world, governments are starting to discuss, or even schedule, banning the sale of new vehicles powered by internal combustion engines. Here in the United States, as is often the case, we may well have to wait for private industry to move first, thanks to the sclerotic […]
Electric motorcycles, like electric cars, have been more expensive than their gasoline-powered cousins. Sondors hopes to change that with its new Metacycle. [credit: Sondors ] It’s unavoidably clear that staving off the worst extremes of climate change will require a wide-scale electrification of our vehicle fleet. There’s a hitch, though—it’s not cheap. We have the […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Tesla quietly introduced a new version of its Model Y sport utility vehicle Thursday evening that it part of the company’s effort to produce more affordable cars. The vehicle’s base price is $42,000, making it […]
Shares of South Korean automaker Hyundai soared on Friday after a company representative said the carmaker was in preliminary talks with Apple on a partnership to produce an electric car. Hyudai’s stock rose as much as 20%—adding $8 billion to the company’s market value-—the biggest one day jump since 1988. But, within hours, the company […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Last Friday, China’s Ministry of Finance cut subsidies for electric vehicles (EVs) by 20% this year, as sales of so-called new energy vehicles (NEVs)—a category covering hybrids, plug-ins and hydrogen-powered autos—regained momentum after plunging during […]
Enlarge (credit: Aurich Lawson / Getty Images) A few years ago I started writing regularly about electric cars and the batteries that power them—technologies that are helping humanity transition away from reliance on fossil fuels. And as bad news continued to pile up about the harms caused by climate change, I started to think harder […]
Nikola Motor, also a prospective Tesla competition that has faced a series of embarrassing disasters because entering public markets only more than half a year ago, declared another one this afternoon. Republic Services, a massive waste management firm, has continued an order for 2,500 zero-emissions trash trucksa bargain which Nikola in the time called that […]
Tesla has thrilled some traders and jarred the others by soaring into some valuation of up to $649 billion, even more than that which the planet’s seven biggest carmakers were jointly worth in the start of this season. “I really said the inventory is overly higher quite a while past,” Musk stated at the beginning of December. “But […]
Volkswagen AG intends to connect top executives’ incentives to ecological, strategic and social goals since the German industrial giant attempts to reinforce sustainability credentials which are increasingly related to investors. Executives’ settlement involves the incentive, a fixed salary plus a long-term incentive program associated with share-price performance. “Incorporating ESG criteria to the incentive calculations because […]