Electric Vehicles

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

The loan will be supplied by the EBRD and includes €1.25 million of concessional lending provided by the global Green Climate Fund.

You’ll need to pay close attention to find the few mentions of solar in the long-awaited White Paper issued by the government to outline how it plans to hit net zero by mid century.

QuantumScape reported performance results this week for its solid-state batteries and their potential impact on the electric vehicle industry.

The government has drafted an industrial policy to try and attract electric vehicle production lines, and even solar-powered car producers, to the country.

According to a new report by BloombergNEF, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.

Some Australian states are choosing this moment to ensure that electric vehicle drivers are paying their fair share of funds needed to maintain road infrastructure given that they don’t contribute via fuel excise. The moves are expected to throw a spanner in the works of drivers deciding in favour of zero-emissions motoring.

The French energy giant has acquired Charging Solutions, a recharging stations specialist, from German industrial group Viessmann. It has also won a tender by the municipal government of Paris to operate 2,300 EV charging points.

Australia’s Tritium has unveiled a new scalable solution, launched in tandem with the next-gen RTM75 DC Fast Charger, to knock down one of the few remaining obstacles to large-scale EV charger uptake.

Electric vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Intra-city transport buses will see 25-40% EV penetration and two-wheelers 25-35%. In four-wheeler passenger vehicles, the market will be driven by shared mobility, while just 10-15% of new car sales for personal mobility will be electric.