Big Oil, utilities are lining up for an electric vehicle war
A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities.
A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities.
Tesla’s recent announcement that it had reached its long-delayed goal of making 5,000 Model 3 electric sedans in a week seemed like a triumph for Elon Musk’s intense management style.
Last week, federal investigators reported that the battery of a Tesla Model S reignited twice after the car’s fiery crash in May. This isn’t the first time an electric vehicle battery has caught fire again after being put out.
Rhode Island’s attorney general sued a dozen oil and natural gas companies and their affiliates in state court, accusing them of causing climate change and not sufficiently mitigating its effects.
Mercedes-Benz is further detailing plans for its electrified cargo vans, saying its battery-electric eVito will go on sale this fall, followed by the the larger eSprinter van in 2019. It’s also debuting a concept fuel-cell version of the latter large van for longer-range applications.
President Trump has tweeted three times that he wants low oil prices, prodding the Organization of the Petroleum Exporting Countries to simply open its spigots and ramp up exports.
Tesla is testing the faith of its followers right now. This of course has been true from the beginning. It has always taken a leap of faith to buy into the next Model automobile that Tesla announces it will produce.
Levels of air pollution well below what is considered safe by the US Environmental Protection Agency and the World Health Organization are causing an increased risk of diabetes worldwide, according to a study published in the journal Lancet Planetary Health.
Fourth of July gas prices will notch their highest mark since 2014 but remain sharply lower than their all-time high for the holiday.
Saudi Arabia’s government said Tuesday that the nation has the capacity to increase oil production. The statement came days after President Trump claimed that Saudi King Salman had agreed to increase output by as much as 2 million barrels per day.