Electric cars, the key to reducing emissions and meeting climate change goals—have boosted their market share in Europe, data showed, as the region prepares to abandon petrol and diesel. Battery electric vehicles more than doubled their share of new car sales in Europe in the second quarter, according to the European Automobile Manufacturers’ Association (ACEA) […]
Mercedes Sketches Out All-Electric Scenario By Decade’s End
In Europe, the share of electric cars is increasing, heavily driven by regulation and government incentives. Last year, electrically chargeable cars made up 10.5% percent of the European market. Daimler AG’s luxury car brand Mercedes-Benz says it is stepping up its transition to electric cars, doubling the planned share of sales by 2025 and sketching […]
Merkel: No Way Back On German Plan To End Nuclear Power Use
BERLIN : Chancellor Angela Merkel on Thursday defended her decision to end Germany’s use of nuclear power next year, but acknowledged that it will make it harder to reduce greenhouse gas emissions in the short term. The decision, taken in the wake of the Fukushima nuclear disaster 10 years ago, is regarded as one of […]
German Carmaker Opel to be 100 Per Cent Electric in Europe By 2028: CEO
Opel is owned by European carmaker Stellantis, which was born out of the merger this year of Peugeot-Citroen and Fiat Chrysler. German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in Europe by 2028, one of the most ambitious greening targets in the accelerating shift to electric vehicles. Carmakers […]
German carmaker Opel to be 100 per cent electric in Europe by 2028: CEO
Opel is owned by European carmaker Stellantis, which was born out of the merger this year of Peugeot-Citroen and Fiat Chrysler. German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in Europe by 2028, one of the most ambitious greening targets in the accelerating shift to electric vehicles. Carmakers […]
German Renewables Firm Blue Elephant Gets New Investor, Scraps IPO
FRANKFURT : Blue Elephant Energy has secured a 75 million euro ($89 million) equity investment from Germany’s billionaire Struengmann family and scrapped plans for an initial public offering (IPO), the renewable energy company said on Wednesday. Athos, the Struengmann family vehicle that also has a majority stake in COVID-19 vaccine maker BioNTech (22UAy.DE), will receive […]
Terna to Invest $21 Billion in Italian Grid For Energy Transition
MILAN : Italy’s Terna (TRN.MI) has pledged to invest a record 18.1 billion euros ($21 billion) in the country’s power grid over the next 10 years to meet the demands of the energy transition and economic recovery. Terna, one of Europe’s biggest power grid players, said the projects in the new long-term development plan for […]
Why is the European Commission Dismantling the Continent’s Most Successful EV Charging Model?
The European Commission will prevent other EU states from doing what the Netherlands did in establishing a charging network with limited public subsidies, argues T&E’s William Todts. The Netherlands is a world leader in EV charging infrastructure, thanks partly to their use of multipliers – a statistical method that encourages the use of renewable energy […]
Daimler, Volvo, Traton to Build Electric Vehicle Charging Points
Daimler (DDAIF), Volvo (VLVLY), and Traton have agreed to team up to build electric vehicle charging points across Europe. They plan to do so through a joint venture that would initially be capitalized with 500 million euros. The partners would contribute the money and own equal stakes in the joint venture. The partners plan to […]
Renault raises targets for share of electric vehicles
Unveiling a new plan for electric vehicles (EVs), Renault Chief Executive Luca de Meo said Renault planned 10 new electric models by 2025 and that new, purpose-built electric car platforms would allow it to deliver vehicles at a lower cost Renault said on Wednesday that electric vehicles would account for up to 90% of the […]