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Tag: boom

From Ethiopia To Nepal: The EV Boom You Didn’t See Coming

EVs hit 76% of Nepal’s new car market as it taxes gas cars out of the market. EVs start taking over in Ethiopia after it became the world’s first country to ban the import of ICE cars. China’s cheap, plentiful EVs fuel fast EV adoption in many ‘developing’ nations. Norway, which is one of the … Continue reading “From Ethiopia To Nepal: The EV Boom You Didn’t See Coming”

Chart: Republicans take aim at clean energy boom benefiting GOP most

Since the Inflation Reduction Act was signed into law in August 2022, companies have invested a total of about $320 billion into clean energy projects in the U.S. and plan to spend more than $500 billion on top of that to build cleantech factories, low-carbon industrial facilities, and installations of solar, batteries, and other renewables. Nearly … Continue reading “Chart: Republicans take aim at clean energy boom benefiting GOP most”

America Is In The Middle Of A Secret Battery Boom

There’s a good chance that whatever device you’re using to read this story runs off a battery made in China. And until very recently, that was true of a great many electric vehicles as well. That’s because the U.S., Europe, Japan and other parts of the globe spent decades outsourcing batteries and battery production to … Continue reading “America Is In The Middle Of A Secret Battery Boom”

Two years in, US clean energy manufacturing boom is still going strong

A sodium battery plant in North Carolina, a solar panel manufacturing facility in New Mexico, and a factory building electric sports cars in Virginia are among the $2.4 billion worth of new U.S. clean energy manufacturing projects announced in August. These investments are just the latest in the ongoing, multibillion-dollar wave of clean energy manufacturing activity spurred … Continue reading “Two years in, US clean energy manufacturing boom is still going strong”

US EV “loophole” subsidizes imports, has fueled leasing boom

Inflation Reduction Act’s 45W, intended for commercial fleets, subsidizes EV leasing Up to $7,500 of federal money applies to EV leases regardless of their price or where they’re built That’s stoked a leasing boom that undercuts some of the original intent of the IRA If you seek a new luxury EV, or an EV made overseas, … Continue reading “US EV “loophole” subsidizes imports, has fueled leasing boom”