Electric compact cars sold in 2014 are now worth only 23% of their original sticker price, compared with 41% for comparable combustion vehicles. Accordingly, U.S. drivers now lease almost 80% of battery electric vehicles and 55% of plug-in hybrids.
In addition to making batteries more powerful to extend the driving range of single-owner cars, manufacturers will also need to develop devices that can withstand the rigors of near-constant driving and short-range trips.
Refiners that take advantage of a lighter maintenance season to produce more fuel could help extend a crude price rally that has seen WTI futures jump nearly 18% since early October.
Exceeding 108 gigawatts of PV installations is close to the top end of what can be achieved, based on the global polysilicon manufacturing capacity.
Americans are expected to end the year pumping oil out of the ground at rates unseen since the early 1970s.
The technology must make way for cleaner ways of getting around, says Volkswagen CEO Matthias Müller.
The plan to cut almost one-fifth of the power division’s global workforce underscores GE’s bad bet on an old-school industry as natural gas loses favor and renewable energy gains.
If adopted, the bill would eliminate a huge chunk of carbon emissions from the transportation sector as part of the state’s quest to slash emissions by 80% from 1990 levels by 2050.