Adding to Elon Musk’s headaches this month, Tesla is about to hit the limit on federal tax credits for electric cars. This could effectively raise prices for buyers of the company’s critical Model 3.
Projections have suggested that the advent of electric vehicles will have a dramatic impact on oil demand and now its starting to show. With China adding the equivalent of London’s bus fleet every 5 weeks, that’s 279,000 barrels of oil a day removed from demand.
If salespeople at car dealerships don’t encourage shoppers who are already interested in buying electric cars, it could be detrimental to national goals to reduce energy use and emissions from transportation—especially now
In the past two weeks alone, gas has jumped at least 12 cents per gallon, sending motorists on a course to pay the highest Memorial Day prices since 2014.
Whether it’s the specter of sanctions on Iran, Venezuela’s output plunge, or a momentum play on the back of the past year’s 46 percent surge in Brent, there are now the equivalent of about 93 million barrels wagering on the global benchmark hitting $100 at some point in the next 12 months.
Researchers scrutinized records of more than 57,000 births by mothers who lived close to eight coal- and oil-fired plants across California in the year before the facilities were shut down, and in the year after, when the air was cleaner.
Elon Musk has lost his cool. And the tale of his transformation from media darling into spurned lover out to make the press pay encapsulates a key part of the Silicon Valley mindset.
The environmental case for electric vehicles in China has been complicated by research questioning whether the cars could produce more pollution than those with internal combustion engines.
Some of America’s biggest energy companies are lobbying Washington to change — critics say weaken — oversight of a federal tax credit going to facilities capturing carbon emissions.
In his grand goal to bring electric driving to the masses, Elon Musk has been doing his best Henry Ford impression. To date, that has included his own take on Ford’s famed quip: “Any customer can have a car painted any color that he wants so long as it is black.”
