Latest news
IEA sees electric car boom displacing up to 12 million b/d of oil by 2035
The International Energy Agency raised April 23 its estimates for global oil demand displacement from booming sales of electric vehicles citing growing policy impetus in key markets.
read more... 24/04/2024
EU’s 2050 net zero goals at risk as EV rollout faces setbacks
The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles (EVs) remain unaffordable and alternative fuel options are not credible, the EU’s external auditor said, jeopardising its 2050 climate goals.
read more... 23/04/2024
Italy plans car-sales incentives worth $1.1B in 2024
Italy will provide subsidies worth almost 1 billion euros ($1.1 billion) this year to support car purchases and the transition to less polluting vehicles, an industry ministry official said on Thursday.
read more... 02/02/2024
Germany to miss 2024 heat pump target by half
Despite record sales in 2023, Germany’s political target of 500,000 heat pumps for 2024 looks out of reach amid a drastic drop in natural gas prices and a drawn-out political fight over heat pump mandates.
read more... 25/01/2024
Italy weighs $1B package to boost EV sales
The plan would support low-income families and the purchase of cars made in Italy.
read more... 04/01/2024