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The Fashion Industry's Fossil Fuel Footprint
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Several industries continue to rely on oil and gas to power operations and produce their products, using petrochemicals. One industry that is unlikely to move away from fossil fuels any time soon is fashion, which often uses oil derivatives to make materials for clothes, shoes and accessories. Despite the widespread consumer push for sustainability, fast fashion brands have become extremely popular around the globe and are now selling more than ever before, with no sign of slowing. The fashion industry has been highly reliant on fossil fuels for…
Trump's Tariff Threats Cast Shadow Over European Auto Industry
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As Donald Trump prepares to take office on January 20, Europe’s already battered car industry is bracing for additional headwinds amid the threat of new tariffs from the incoming U.S. president. Trump has pledged to impose steep new tariffs on goods coming from China, Canada, and Mexico in one of his first acts in office, a promise that could ignite trade wars. That is bad news for European automakers who have already seen sales and manufacturing decline in top markets like the United States and China. The potential tariffs would be felt…
Asia Dominated Global IPO Landscape in 2024
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Asian stock markets continued to surge in popularity in 2024, outperforming the languishing UK market in IPOs. Throughout this year, Asia has dominated on stock exchange floats, with over 600 IPOs throughout the year, more than two thirds of the 867 floats globally in 2024, according to data from Globaldata. In comparison, the UK market has had just a dozen IPOs throughout the year, with only six worth more than £30m. “It is worth noting that the performance of some of these deals has been mixed, with a number trading below issue post…
Sanctioned Russian LNG Cargo Stranded at Sea
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The shadow fleet of liquefied natural gas carriers transporting blacklisted Russian LNG has encountered a major setback, with at least one ship's cargo traveling around the world, finding no buyers as the cargo was deemed too risky. Bloomberg reports that an LNG carrier called "Pioneer," carrying a sanctioned shipment of Russian LNG, circumnavigated the world for four months, failing to find a buyer willing to breach US restrictions. "This vessel (called Pioneer) was spotted on satellite images picking up the first shipment from the Arctic…
U.S. Oil, Gas Drillers Hold The Line During Holiday Week
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The total number of active drilling rigs for oil and gas in the United States stayed the same again this week, according to new data that Baker Hughes published on Friday, after seeing no change in the two weeks prior. The total rig count remained flat at 589 total rigs, according to Baker Hughes, down 33 from this same time last year. The number of oil rigs held fast at 483—down by 17 compared to this time last year. The number of gas rigs also stayed the same, at 102, a loss of 18 active gas rigs from this time last year. Miscellaneous…
Oil Moves up on Inventory Dip
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Crude oil prices ticked slightly higher today after the U.S. Energy Information Administration reported a large draw in crude oil inventories for the week to December 20. The change compares with a modest inventory dip of 900,000 barrels for the previous week and a draw of 3.2 million barrels as estimated by the American Petroleum Institute for the week to December 20. Total motor gasoline inventories added 1.6 million barrels in the period, with production averaging 9.9 million barrels daily. This compared with a build of 2.3 million barrels for…
Ukraine Gets Its First U.S. LNG Cargo via Greek Terminal
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Ukraine has taken delivery of its first U.S. LNG cargo at a Greek terminal as Ukraine and Europe look to bolster their energy security by reducing their dependence on Russian gas, Ukraine’s largest private energy company, DTEK, said on Friday. The delivery of approximately 100 million cubic meters of gas, or 1 TWh of energy, onboard the Gaslog Savannah arrived at the Revithoussa LNG terminal in Greece on Friday morning. D.TRADING, DTEK’s pan-European trading subsidiary, has purchased the entire cargo. Working with Greek and other…
India Keeps Coal Power at Full Throttle
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India’s commitment to coal remains stronger than ever, and the government’s latest move to extend the mandate for coal-fired plants to run at full capacity until February 28 is proof of that. In a world where renewables may be slowly gaining ground, coal continues to power over 70% of India’s electricity needs. The mandate, which first kicked in this October, was meant to ensure the country didn’t fall into an energy crunch amid heatwaves and droughts that slashed hydropower generation. Now, its mandate been extended into…
Shell Closes Oil Unit at Singapore Refinery to Investigate Leak
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Shell has shut down one of its oil processing units at its refinery complex in Singapore to investigate a suspected leak in the system, the Maritime and Port Authority of Singapore (MPA) said on Friday. The Shell Energy and Chemicals Park at Pulau Bukom, Singapore, is the supermajor’s only energy and chemicals park in Asia. Shell has informed MPA and the National Environment Agency (NEA) that it shut down one of the oil processing units, which produces refined oil products such as diesel. Water drawn from the sea is used as part of the process…
Oil Prices Rise on China Stimulus and Falling U.S. Inventories
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Oil prices are on track to post a weekly gain on the back of China's economic stimulus and forecasts of lower U.S. crude inventories.Oil prices were rising toward the end of the week, with WTI breaking back above $70 and Brent trading at $73.72. Optimism surrounding China's economic growth after Beijing agreed to issue special treasury bonds worth roughly $411 billion helped to spark bullish sentiment in markets this week. Prices then rose even further on expectations of a crude draw in the U.S., with the EIA set to report at 13:00 EST…
Mongolia and Orano Agree $1.6 Billion Uranium Mining Deal
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Mongolia and French group Orano Mining have struck a preliminary agreement to develop a $1.6-billion uranium mining project in the Asian country, the Mongolian government said on Friday. The cabinet has sent a draft agreement on the project for approval by the Parliament, according to an official statement cited by Reuters. Mongolia is estimated to hold around 60,500 tU in reasonably assured resources plus inferred resources to $130/kgU, according to a 2020 joint report by the OECD Nuclear Energy Agency and the International Atomic Energy Agency…
Is China’s Fiscal Stimulus Enough to Drive Oil Prices Higher in 2025?
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Crude oil markets reacted positively this week to the announcement of a $411 billion fiscal stimulus package from China, aimed at boosting economic growth through infrastructure and industrial expansion. As the world’s largest oil importer, China plays a pivotal role in shaping global demand, and traders were quick to price in optimism surrounding increased crude consumption. However, the key question remains: will this stimulus be sufficient to counteract headwinds from other regions? While the injection of capital may spur industrial output…
Peace in Ukraine Remains a Long Way Off
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It’s been a busy Christmas season on the Russia-Ukraine front line. It’s still a stalemate, whether it becomes frozen in time this year or not will change little. This year, the war has been different, with a sustained Ukrainian counteroffensive and air strike campaigns on Russian territory on the Kyiv side, and a continual increase in aggression on the Moscow side. There has been a fair amount of chatter that we could see a ceasefire deal this year, but such a notion is largely bereft of meaning. It would simply mean pressing pause…
China's Secret Weapons-for-Oil Deal With Libyan General
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Politics, Geopolitics & Conflict Tensions continue to rise in Syria after the fall of Assad, with various internal and external forces jockeying for position in a power vacuum. Earlier this week, Assad loyalists ambushed and killed 14 interior ministry troops near the Mediterranean port city of Tartous. Israel has continued to bombard Houthi targets in Yemen, with a barrage on Thursday that struck Sanaa International Airport, killing at least six people according to Houthi statements. The Telegraph this week published what it claimed to be…
Oil Majors Rethink Their Renewable Energy Ambitions
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Oil Majors Downscale Their Renewable Ambition - One of the key trends in oil major strategies this year has been the notable divestment of renewable projects, at times even reversing climate commitments amidst shaky non-fossil energy economics. - UK major BP which previously had committed to a 20-fold growth in renewable power buildout to 50GW, spun out its offshore wind projects into a JV with Japan’s JERA whilst Shell stopped new investments into wind. - The return of Donald Trump to the Oval Office in January…
European Gas Prices Soar as Putin Says a New Ukraine Transit Deal Is Unlikely
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Europe’s benchmark natural gas prices soared on Friday by the most in a week after Russian President Vladimir Putin said on Thursday that the chances of a new deal for Russian gas flows to Europe via Ukraine are low. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, jumped early on Friday in Amsterdam by as much as 5%, before giving up some of the gains by midday. As of 12:24 p.m. Amsterdam time, prices were still rising, by 3.3% on the day, at $49.27 (47.23 euros) per megawatt-hour (MWh). On Thursday, Putin said…
Estonian Navy Guards Subsea Power Link After Cable Damage
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Estonia is sending its navy close to the Estlink 1 subsea power link to defend and secure its energy connection with Finland, Estonian Defense Minister Hanno Pevkur said on Friday after power and data cables went offline earlier this week. On Wednesday, the Estlink-2 power link went offline. By early Thursday afternoon investigations were ongoing in both Finland and Estonia on the cause of the damage. On Friday, the Estonian Defence Forces said “The Estonian Navy is commencing the protection of the Estlink 1 sea cable with the patrol ship…
India’s BPCL to Invest $11 Billion in New Refinery Complex
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India’s Bharat Petroleum Corporation Ltd (BPCL) plans to invest as much as $11 billion in a new refining and petrochemical complex in south India, the chairman of the country’s second-largest fuel retailer told Reuters in an interview. “We feel there is a big opportunity in refining sector. India's primary energy demand itself is also going to increase three to four times as its economy expands,” BPCL chairman G. Krishnakumar told Reuters this week. The refiner has already launched some preliminary work on the project, including…
Russia Launches Sea Trials of Its First Ice-Class LNG Vessel
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Russia’s first ice-class LNG tanker built at a domestic shipyard has started trials at sea, according to vessel-tracking data from LSEG cited by Reuters. Russia, which has seen sanctions pile up on its LNG projects and the ships it uses to carry the liquefied natural gas, looks to boost its LNG exports despite the U.S. and other Western sanctions. The new ice-class tanker, Alexey Kosygin, has been built at the Zvezda shipyard, Russia’s flagship shipbuilding yard. The vessel is expected to service deliveries from the Arctic LNG 2 project…
Turkey Eyes Role in Syrian Oil and Gas Production
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Turkey has signaled it wants to take part in the revival of oil and gas production in Syria, Bloomberg has reported, citing a statement by Turkey’s energy minister. Speaking to the media, Alparslan Bayraktar said that Turkey was working to help Syria with its electricity supply, adding that expanding this role into oil and gas was also on the table. “We are also studying the use of crude oil and natural gas for reconstruction of Syria,” Bayraktar said. “We plan to tell our counterparts how we can make contributions in that…
Biden’s Transition Loan Rush Hits $38 Billion
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A rush by the Department of Energy to distribute as many transition loans as possible before Trump takes office has resulted in over $38 billion in loans being issued since the November elections. For context, the total commitments since the passing of the IRA have amounted to $54 billion in loans and loan guarantees. The Financial Times reported the number, noting that some of the allocations rank among the largest in history. By far the biggest is the $15 billion that the Department of Energy’s Loan Programs Office granted to Pacific Gas…
Oil Prices Rise on China Growth Optimism and Strong US Demand
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Crude oil prices were heading towards a weekly gain earlier today following an update from the World Bank on the growth prospects of the Chinese economy next year. Brent crude was trading at $73.18 per barrel at the time of writing, with West Texas Intermediate at $69.58 per barrel, after the World Bank revised upwards its GDP forecast for China for both this year and next. China itself issued an upward revision of its 2023 GDP growth, and it was a sizable revision, at 2.7%, which may have also helped fuel optimism about demand. Separately, the…
3 Key Trends To Watch In Offshore Oil & Gas Sector In 2025
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Offshore drillers endured a tough decade as many outfits filed for bankruptcy between 2014 and 2016 with oil prices collapsing as U.S. shale production boomed. Thankfully, the sector has seen a rebound over the past couple of years. The current year has been another strong year for the offshore drilling market with high rig, OSV and subsea utilization and day rates. Activity remains particularly strong in the Middle East, Brazil and West Africa. Unfortunately, the overwhelmingly bearish sentiment that has ruled oil markets in 2024 has taken…
Finnish authorities Board Tanker After Power Cable Goes Dark
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Bloomberg reports that Finnish authorities boarded the crude oil tanker named Eagle S. after a 658-megawatt Estlink 2 power interconnector and several data cables were disrupted. The Estlink 2 electricity cable connecting Finland and Estonia was disrupted on Christmas Day, sparking concerns of another potential undersea cable sabotage incident in the Baltic region. The Financial Times reports that Finnish authorities are investigating a crude oil tanker named Eagle S. The tanker flies the Cook Islands flag and…
Rate Cuts Leave Oil Markets in Holiday Limbo
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The energy sector selloff has intensified after the Federal Reserve delivered a harsh reality check last week, dashing hopes for a deep cut in interest rates. Last Wednesday, the central bank delivered a 25 basis point rate cut, as widely expected, but warned about higher inflation and fewer rate cuts in 2025. Fed Chair Jerome Powell went on to cite inflation as one of the primary reasons for forecasting a slower pace of interest rate cuts. Oil and gas stocks have collectively declined nearly 15% over the past month as energy markets struggle…
Putin Warns: No Time For New Gas Transit Deal Between Ukraine/Europe
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There isn’t time for a new gas transit deal to be reached between Russia and Ukraine, Russian President Vladimir Putin said on Thursday, who was quick to add that the lack of a deal was entirely Ukraine’s fault. Ukraine has so far refused to extend the gas transit deal currently in place that would see gas transit continue uninterrupted to Austria, the Czech Republic, and Slovakia—a refusal that Putin says only hurts Europe. The current gas transit deal began nearly five years ago and expires at the end of 2024, and if the deal…
U.S. Oil Production Shattered Records Again in 2024
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Despite ongoing concerns about global economic volatility, energy transition policies, and fluctuating demand, the U.S. energy sector has demonstrated its unmatched resilience and innovation. Building on the record-breaking momentum of 2023, 2024 has proven to be another landmark year for oil production, driven by technological advancements, strategic investments, and favorable market conditions. A Second Consecutive Oil Production Record In 2023, U.S. oil production reached a record high, surpassing 12.9 million barrels per day, solidifying the…
Can U.S. LNG Exports Really Fill the Gap Left by Russian Gas in Europe?
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Samantha Dart, co-head of global commodities research at Goldman, published a note to clients outlining five key questions and answers about the US-EU liquefied natural gas trade. This comes just days after President-elect Donald Trump threatened the EU with a barrage of tariffs unless Brussels ramped up purchases of American LNG. For context, last Friday, Trump wrote on Truth Social: "I told the European Union that they must make up their tremendous deficit with the United States by the large-scale purchase of our oil and gas. Otherwise,…
Airports Around the World Are Going Green
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Many airports around the globe are now powered by wholly renewable energy, as the aviation and buildings sectors strive to decarbonize in line with aims for a green transition. The International Energy Agency (IEA), the International Civil Aviation Organisation (ICAO), and several other international bodies are encouraging developers to reduce the carbon footprint of their airports to support international climate goals. The ICAO released a toolkit entitled “A Focus on the Production of Renewable Energy at the Airport Site” that…
Power of Siberia Hits Full Throttle
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Gazprom’s CEO Alexei Miller is ringing in the New Year with one heck of a performance review. The Power of Siberia pipeline, a cornerstone of Russia’s pivot to China, has exceeded its 2024 contract volume, delivering 31 billion cubic meters (bcm) of natural gas instead of the planned 30 bcm. The kicker? The pipeline hit full capacity—38 bcm per year—ahead of schedule, as Russia remains determined to cement its role as China’s top gas supplier. This milestone isn’t just a technical feat; it’s a geopolitical…
Is Crypto Mining the Key to Tajikistan's Rogun Dam's Financial Viability?
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Despite a preponderance of data on the high level of financial and environmental risks, the World Bank has opted to become a major financial backer of the Rogun hydropower dam project in Tajikistan, approving an initial $350 million grant to help finish the first phase of construction. Following up on the World Bank’s decision, the Asian Infrastructure Development Bank announced a $270 million loan for dam construction and the Kuwait Fund for Arab Economic Development extended a $100 million line of credit to the project, the first loan installment…
India’s Oil Demand Growth Set to Surpass China’s
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India’s oil demand growth is expected to exceed China’s for the first time in 2024, and continue in 2025. According to Kang Wu, global head of macro and oil demand research at SPGCI, India’s oil demand in the current year grew by 180,000 barrels per day, surpassing China’s growth at 148,000 bpd. India’s oil demand is expected to increase by 3.2% Y/Y in 2025 compared to a 1.7% clip by China. Over the past couple of decades, China has carried the lion’s share of global oil demand growth thanks to the country’s…
2024 Aluminum Prices in Review
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Via Metal Miner The Aluminum Monthly Metals Index (MMI) edged lower, with a 1.23% decline from November to December. Aluminum Prices: A Year in Review 2024 began on a low note for the aluminum market, as Q4 2023 witnessed a year-over-year drop in shipments as well as average selling prices for certain domestic suppliers. In its financial results, NorskHydro noted that “challenging markets led to a weaker result.” Meanwhile, exchange pricing appeared largely stable during 2023, which contrasted sharply with the volatility witnessed in…
Russia's LPG Prices Fall 50% Following EU Embargo
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Russia’s domestic prices of liquefied petroleum gas (LPG) were cut in half in December after an EU ban on imports took effect. EU sanctions on Russian LPG took effect on Dec. 20 a year after Poland--one of Russia's largest LPG importers--proposed them. LPG is mainly used as fuel for cars, heating and to produce other petrochemicals. The European Commission has proposed sanctions on Russia's LNG sector as part of Brussels’ 14th sanctions package against Russia. The proposed sanctions would prevent EU countries from re-exporting Russian…
India Takes the Lead in Oil Demand Growth
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For a few years now, forecasters and market analysts have been expecting India to become the largest oil demand driver in the world in the medium and long term, surpassing China’s growth rates. This has now happened as early as this year, amid growing demand for fuel transportation in India and slowing gasoline and diesel demand in China due to the advance of electric vehicles and LNG-fueled trucks in the world’s top crude oil importer. India surpassing China as the world’s top driver of oil demand growth isn’t surprising…
Finland Boards Russian Shadow Fleet Tanker After Subsea Cables Go Offline
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Finland’s police and border patrol have boarded the Eagle S oil tanker, which is part of Russia’s shadow fleet while investigating the cause of an interruption of subsea power and data cables linking Finland with Estonia, Finnish police said on Thursday. The tanker, Eagle S, was traveling in the Baltic Sea under the flag of the Cook Islands and was fully loaded with unleaded gasoline, the Finnish police and other authorities said at a news conference, as carried by Bloomberg. The Eagle S was spotted to be missing its anchor and it could…
2024 Has Been a Transformational Year for the U.K.’s Energy Sector
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It has been a landmark year for the U.K.’s energy sector, as the change in government has meant a significant shift in energy policy. The U.K. has lagged behind the U.S. and EU in recent years in terms of its green transition. Under the former Conservative government, the country approved new oil and gas licences in the North Sea and rolled back plans for large-scale wind energy projects and other renewable energy and nuclear power developments. Since the Labour Party won the July general election, the government has announced several new…
Iraq Plans to Slash Gas Flaring
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Iraq plans to cut gas flaring next year and eliminate the practice of burning off associated gas at oilfields by the end of 2027, government officials have said. As of the end of 2024, Iraq, which is OPEC’s second biggest oil producer after Saudi Arabia, is capturing around 67% of the gas at its oilfields, Ezzet Saber Ismael, Iraq’s deputy minister for gas affairs told Bloomberg in an interview published on Thursday. Earlier this week, Iraq’s Prime Minister Mohammed S. Al-Sudani chaired an energy policy meeting, at which officials…
Rio Tinto’s Billion-Dollar Lithium Bet
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Rio Tinto recently struck a deal to acquire Arcadium Lithium for $6.7 billion. The acquisition represents a significant wager by the miner on EV growth in the future—but it comes as EV demand has slackened off and lithium demand has followed. It could be a $6.7-billion mistake. Then again, it could be a long-term play for dominance in a key sector of the energy system of the future. Rio Tinto first announced the acquisition in October, offering a 90% premium to the UK-based lithium producer’s share price at the time of the offer.…
India Adds 4GW of New Coal Power Capacity in 2024
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India’s annual installations of new coal-fired power capacity hit 4 gigawatts (GW) in 2024, flat on the five-year high of 2023 and the highest level since 2019, according to official government figures. India, where coal meets more than 70% of the power generation, has kept its coal capacity additions this year near the 2023 levels, per data from the country’s Central Electricity Authority cited by Bloomberg on Thursday. India plans to add as much as 90 GW of coal capacity by 2032 as it looks to meet its surging power demand with reliable…
Russian Region Declares Emergency After Black Sea Oil Tanker Collision
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The Krasnodar region in southwest Russia has declared a regional emergency as oil continued to wash ashore this week following the collision of oil tankers in the Black Sea last week. Last week, the Volgoneft 212 and Volgoneft 239 tankers sustained serious damage as a result of a storm in the Black Sea, running aground in the Kerch Strait. The Volgoneft 212 spilt in half. According to reports of the disaster, the two tankers were carrying some 4,300 deadweight tonnes of crude oil each. Both of the tankers that got damaged in the storm…
China’s EV Uptake Is Years Ahead of Targets and Forecasts
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For the first time ever, China’s electric vehicle sales are set to outpace traditional car sales on an annual basis in 2025, years in advance of the Chinese authorities’ targets and years ahead of analyst projections, according to the latest industry forecasts provided to the Financial Times by research companies and investment banks. China’s combined EV and plug-in hybrid sales are expected to jump by around 20% to over 12 million units next year, HSBC, UBS, Morningstar, and Wood Mackenzie have projected. Next year, the expected…
China Plans the World’s Biggest Hydropower Dam in Tibet
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China has approved the construction of a huge hydroelectric dam in Tibet, which would be the world’s largest hydropower plant with triple the capacity of the current biggest operational project, the Three Gorges Dam, which is also in China. The Chinese government has now approved the construction of the new project in the lower reaches of the Yarlung Tsangpo River, the longest river in Tibet and the fifth longest in China, state news agency Xinhua reports. The new mega-dam could produce 300 billion kilowatt-hours (kWh) of electricity annually,…
Sanctioned Russian LNG Cargo Ends Across-the-World Trip Without Finding Buyer
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Arctic LNG 2 continues its struggles to sell gas from Russia’s newest but heavily sanctioned LNG export project. In one of the latest pieces of anecdotal evidence, a sanctioned LNG carrier, which had loaded liquefied natural gas in the Artic in August, traveled for four months around north Europe, the Mediterranean, the Suez Canal, the Indian Ocean, along China’s east coast and north to Russia’s Far East, without finding a buyer for the cargo, tanker-tracking data compiled by Bloomberg showed on Thursday. The LNG vessel, Pioneer,…
Eni Launches Supercomputer to Improve Oil and Gas Exploration
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Italy’s supermajor Eni has launched the world’s most powerful supercomputer outside the United States in a bid to boost its oil and gas exploration results, the Financial Times reported, adding that the company will also use the supercomputer “to perform calculations to advance clean energy.” Eni itself said back in November, when it introduced the supercomputer to the world, that the supercomputer will help it “optimize industrial plant operations, enhance the accuracy of geological and fluid dynamics studies for…
Oil Prices Inch Higher on China Stimulus Hopes
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Crude oil prices ticked higher today as traders turned optimistic following the latest news about Chinese government stimulus for consumer spending. Brent crude was trading at $73.80 per barrel at the time of writing, and West Texas Intermediate was changing hands for $70.32 per barrel, both up from opening in Asia, after the Chinese finance ministry announced a new package of funds to go into higher pensions, medical insurance, and consumer goods trade-ins. The stimulus move is the latest in a series aimed at supercharging the Chinese economy…
Oil Market 2024 in Review: A Year of Surprises and Shifting Demand
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It has been an eventful year for world energy: oil supply jump scares in the Middle East, a surge in electricity demand, and a nuclear renaissance were all among the hallmarks of 2024, along with a pickup in natural gas demand. All of these trends appear set to continue into 2025, along with increasingly severe challenges on the path of the energy transition. In oil, 2024 was an interesting year, with OPEC and the International Energy Agency vastly differing in their forecasts about demand for the commodity that underpins the global economy. Other…
Geothermal Energy: Big Tech's Answer to AI's Growing Energy Consumption
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The renewable revolution’s biggest superheroes are at risk of turning into its biggest villains. For years, Silicon Valley’s biggest players have been among the most vocal and most deep pocketed proponents of clean energy investment. But now, thanks to the runaway energy demand driven by artificial intelligence, Big Tech’s emissions are sharply on the rise and its lofty decarbonization goals are becoming ever more far-fetched. The bigwigs behind tech companies including Google, Meta, Microsoft, and OpenAI are now pushing harder…
What Would a Net-Zero 2050 Actually Look Like?
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In December 2015, 196 national representatives met in Paris, France to establish a strategy to combat climate change at the UN Climate Change Conference (COP21). The result was one of the most critical pieces – if not the most critical – of climate legislature ever inked. The 196 parties entered a legally binding agreement to limit “the increase in the global average temperature to well below 2°C above pre-industrial levels” and endeavor “to limit the temperature increase to 1.5°C above pre-industrial levels.”…
3 EV Charging Innovations That Could Transform the Industry
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Several innovations are expected to help revolutionise the electric vehicle (EV) industry over the coming decade. Following years of investment in the sector, automakers expect to deliver innovative new EV models that respond to consumer needs and encourage greater uptake. Solid-State Batteries Several automakers and startups have been racing to produce a reliable solid-state battery to use in new EV models, with the expectation that it will vastly improve performance and safety. At present, most companies worldwide use lithium-ion…