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The global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and the US. Policy interventions are expected due to China's dominance and US tariff increases on Chinese imports.
Electric vehicles (EVs) have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern. A slowdown in EV adoption has potentially huge implications for the energy transition. It also has ramifications for the many financial institutions that have pledged to decarbonize the loans and investments they make.
The world added renewable energy at breakneck speed in 2023, a trend that if amplified will help prevent severe global warming.
Led by new solar power, the world added renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects. China, Europe, and the U.S. each set records for a single year, according to the International Renewable Energy Agency. China’s additions dwarfed those of all other countries. By the end of 2023, the world will also have added enough wind energy to power nearly 80 million homes, making it a record year. And one in five cars sold across the globe this year is expected to be electric. That mean...
Led by new solar power, the world added renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects.