Global electricity demand expected to slow as recession fears take hold, says IEA July 19, 2023 Global growth in electricity demand is expected to slow this year, the IEA predicts, amid the energy crisis and an economic downturn.
Mega UK Jaguar Land Rover battery plant could be announced this week July 18, 2023 The government is on the cusp of securing a long-term deal from Tata Group to build a new range of EV Jaguar and Land Rover models.
Battery maker AMTE Power faces nervous wait for funds in threat to UK’s electric ambitions June 26, 2023 The UK’s electric dreams are at risk of running flat, with AMTE Power yet to update shareholders on its race to raise funds.
Brexit is ‘threat’ to UK car factories says parent firm of Vauxhall, Citroen, Peugeot and Fiat May 17, 2023 One of the world’s largest carmakers has said it will be unable to keep their commitment to make electric vehicles in the UK without changes to the Brexit deal. Stellantis – the parent company of Vauxhall, Citroen, Peugeot and Fiat – which employs more than 5,000 people in the UK – told a Commons inquiry [...]
Evri to ‘triple’ deliveries as it rolls out e-cargo bikes in London and Leeds April 24, 2023 Delivery titan Evri has launched new plans to triple annual parcel deliveries using electric-cargo bikes. Evri, formerly known as Hermes will expand its e-cargo bike fleet to London and Leeds this year, as the company looks to reduce carbon footprint in the ‘last mile,’ of its deliveries. Evri said that its services completed 154,000 deliveries [...]
Tesla profits driven down as carmaker continues to slash prices April 20, 2023 Price reductions across the model line-up cut into Tesla’s first-quarter net income, causing it to fall 24 per cent from a year ago. The electric car and solar panel company, based in Austin, Texas, said on Wednesday it made $2.51bn dollars (£2.01bn) from January through to March, down from $3.32bn (£2.67bn) a year ago. Revenue rose 24 [...]
Decarbonising fleets ‘impossible’ due to absence of infrastructure and lack of plan, says HGV sector April 18, 2023 The heavy goods vehicle (HGV) sector is calling for an urgent government strategy to drive uptake of zero emission trucks, amid concerns over poor EV and hydrogen infrastructure. New analysis published by the Society of Motor Manufacturers and Traders (SMMT) revealed that HGV electric and hydrogen models account for just one in 600 trucks on [...]
Ford admits it’s losing billions as heavy investment in electric puts brakes on profit March 23, 2023 Ford’s electric vehicle business has lost three billion US dollars (£2.44 billion) before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released on Thursday as Ford rolled out a new way of reporting financial results. The new [...]
Black cabs: London’s electric taxis overtake diesel for first time with 6,000 now on capital’s roads March 7, 2023 London now has more electric black cabs than diesel powered ones for the first time, following widespread uptake of taxis in line with London’s net zero push. There are now more than 6,000 fully-electric black cabs in London’s taxi fleet, meaning electric taxis are now the most common type of Hackney carriage on the capital’s [...]
UK drivers could miss out on £9bn in savings without Government backing for electric vehicles, report warns February 27, 2023 UK motorists could miss out on £9 billion of savings unless the Government does more to encourage the uptake of electric vehicles (EVs), a new report warns. A slower roll-out of new EVs would reduce the size of the second-hand market, leaving drivers on lower incomes paying more to continue running petrol cars, the Energy [...]