Yahoo Finance HOUSTON – Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics. Oil majors are investing in the electrification sector as governments in the United States and Europe set programs to promote wider use of electric vehicles and
From CNBC Colorado has become the 11th state to adopt California’s zero-emission-vehicle mandate forcing automakers to sell more electric cars in the state. The new rule was passed by Colorado’s air-quality commission by a vote of 8 to 1 on Aug. 23. It requires at least 5% of an automaker’s new car lineup to be electric vehicles, or EVs, by
Plan for a country-wide network of charging stations is underway It’s one of the biggest roadblocks surrounding the widespread adaptation of electric vehicles (EVs); what happens when the battery is depleted? Walmart, in partnership with Electrify America, a wholly owned subsidiary of the Volkswagen Group of America, thinks it may have the solution to that problem. This week, the two
Denmark plans to ban sales of gas-powered cars by 2030
6,500 charging points brings opportunity for 10+ minutes of retail sales per visitor – adding varied types of energy to meet vehicle-owner demand to get customers to spend money at BP’s retail stores – about half of the gross margin at the company’s retail sites is from non-fuel items like candy and drinks From Bloomberg BP Plc plans to acquire the
From Reuters LONDON (Reuters) – When electric carmaker Tesla Inc. launched its first mass market model last summer, it sent a shockwave through the aluminum industry by largely shifting to steel and away from the lighter weight metal it had used in its first two luxury models. The switch by Elon Musk’s Tesla to the heavier-but-cheaper metal highlights how steel
EVs could demand enough copper, other metals to dwarf oil market fallout: BHP According to Bloomberg New Energy Finance, EVs could displace oil demand of 2 million barrels a day as early as 2023. “That would create a glut of oil equivalent to what triggered the 2014 oil crisis.” The first half of 2016 saw 128 percent growth in the
With less than six months remaining in his stay at the White House, President Obama has come out with a program to use the U.S. taxpayers’ money to guarantee loans for parties who are working to accelerate the adoption of electric vehicles and the infrastructure to charge them. The money comes into play in the form of up to $4.5 billion in loan
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