Electric vehicles on world’s roads expected to increase to 145m by 2030
Under existing climate policies, electric vehicles could wipe out use of 2m barrels a day of diesel and petrol. The number of electric cars, vans, trucks and buses on the world’s roads is on course to increase from 11m vehicles to 145m by the end of the decade, which could wipe out demand for millions
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As EV costs decline, policy aims to accelerate transition
The Biden administration announced a goal of slashing greenhouse gas emissions in half by 2030, a very ambitious goal that will require a dramatic overhaul of a large part of the American economy. One of the hardest nuts to crack will be electrifying the transportation sector. But as costs decline and the acceleration of EV
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Chips and cars
Car companies which have announced temporary halts on production because of chip shortages include Volkswagen, Toyota, General Motors, Ford, Nissan, Honda, Suzuki, Mitsubishi, Daimler (Mercedes) and Stellantis (merger of Fiat-Chrysler), writes Bill Jewell’s Semiconductor Intelligence. IHS Markit estimates 1Q 2021 light vehicle production was reduced by 1.3 million units due to the shortage. They stated
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