EV sales rose 85% last year, but meeting Biden’s 2030 goal to have half of new vehicles be electric is a stretch. ALEXANDRIA, Va. : President Biden’s State of the Union address on Tuesday touted the administration’s efforts to build an electric vehicle (EV) charging infrastructure, which includes 500,000 chargers, and according to a recent […]
EV Charging Stations Expanding, But Must Ramp Up For Electric-Vehicle Boom – EQ Mag Pro
EV charging stations are increasing in the U.S., but remain relatively scarce just as electric vehicle adoption becomes more mainstream. Carmakers want to phase out internal combustion engines in hopes of going vertical like Tesla (TSLA). By 2030, General Motors (GM), Ford (F) and Stellantis (STLA), formerly Fiat Chrysler, aspire to have as much as […]
LG Energy Solution, GM to build $2.1 billion battery factory in U.S. – EQ Mag Pro
SEOUL : South Korea’s LG Energy Solution (LGES) plans to spend $2.1 billion with General Motors (GM.N) to build an electric vehicle (EV) battery factory in the United States. United parent company LG Chem (051910.KS) said on Tuesday. LGES and GM are expected to fund the project equally through Ultium Cells, their U.S.-based battery joint […]
U.S. pushes forward on clean energy with plan for record offshore wind sale – EQ Mag Pro
The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government’s largest ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden’s ambitious climate change […]
U.S. Shifts Focus to Renewables, Natural Gas in Eastern Mediterranean – EQ Mag Pro
The U.S. is backing natural gas and low-carbon power sources as its seeks to improve the eastern Mediterranean’s energy ties to Europe and promote stability in the region. “We are shifting our focus to electricity interconnectors that can support both gas and renewable energy sources,” the nation’s embassy in Greece said in a statement. “We […]
Vietnam car maker VinFast to build U.S. battery factory as it goes all-electric – EQ Mag Pro
VinFast to cease gasoline-powered car production by end-2022 Potential U.S. plant sites narrowed down to ‘about 3’ – VinFast Global CEO Starting price for a VinFast car at $41,000 VinFast to establish EV plant in Germany SAN FRANCISCO : Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing […]
U.S., Canada among 20 countries to commit to stop financing fossil fuels abroad – EQ Mag Pro
Coal produced around 37% of the world’s electricity in 2019. More than 40 countries have committed to shift away from coal, in pledges made at the COP26 climate summit. Major coal-using countries including Poland, Vietnam and Chile are among those to make the commitment. But some of the world’s biggest coal-dependent countries, including China and […]
GM to boost EV profile with 40,000 charging stations in U.S., Canada – EQ Mag Pro
General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States and Canada as part of the automaker’s US$750-million commitments to bolster its presence in the rapidly growing sector. The announcement comes just months after the No. 1 U.S. automaker said it had signed agreements with some companies […]
India-U.S. partnership underscores joint commitment to taking decisive climate action, says John Kerry
The ambitious India-U.S. partnership in the area of climate change underscores the joint commitment of the two countries to take decisive action in this critical decade from 2020-2030, a top American official said on Thursday, stressing that cooperation in this sector is a central pillar for the bilateral relationship. During his recent trip to India […]
Siemens, AES-backed Fluence Energy files for U.S. IPO – EQ Mag Pro
The listing plan comes at a time when global investors and lawmakers alike are pushing for more sustainable and environment friendly ways of doing business amid heightened climate change concerns. New Delhi : Fluence Energy Inc, an energy storage technology company backed by industry giants Siemens AG and AES Corp, on Tuesday filed regulatory paperwork […]