Several factors will make 2023 a real test for the determination of governments and the automotive industry to push battery electric vehicles (BEVs), according to Gartner, Inc. “2023 is the moment of truth to drive full electrification,” said Pedro Pacheco, vice president analyst at Gartner. “Rising electricity prices in Europe are making the running costs of BEVs less attractive, some countries such as the UK, Switzerland and Australia are starting to introduce taxes on electric vehicles. In addition, the China ended EV subsidies at the beginning of 2023 and the global charging infrastructure still has many coverage gaps and the…
Author: Automotivedealernews.com
The shortage of dollars, along with the depreciation of the value of the Kenyan shilling against the US dollar, is weighing heavily on the country’s economy. The prices of a number of raw materials are already rising steadily, and experts warn that the situation could worsen in the coming days.If the situation persists, Kenyans who are already struggling with inflation will have to bear the brunt and dig deeper into their pockets for several essential commodities.Kenyans.co.keasked for an economist’s opinion on the short-term and long-term effects of a shortage of dollars and commodities whose prices are likely to rise. Vehicles…
For the first 10 years of the shale revolution, it was a foregone conclusion: high prices spurred more drilling, and more drilling meant more production. It worked both ways. When prices fell, so did production. The correlation was great. Relations were on point in 2014-15, when $100/bbl crude crashed to $30, recovered to $60 in 2019, and was wiped out in 2020 when the COVID crisis hit. But then the market changed. As prices rose in 2021, eventually to astronomical levels in 2022, the phenomenon of producer discipline began, with E&P curtailing their drilling programs and returning a significant portion…
newsTrendGlobal trendWatch: Car crashes into coffee shop during podcast recording Fortunately, no one was injured during the accident. Listen to this article Your browser does not support the audio element. Alexsey Reyes and Nathan Reeves were wrapping up their ‘November Romeo’ photography podcast Saturday afternoon at a coffee shop when a car smashed through the glass panel behind them and almost crushed them. this freak accidentwhich fortunately did not result in serious injury to those involved, was caught on camera by the podcaster. You’ve used up yours monthly limit of free stories. To continue reading,just register or login Continue reading…
European energy prices rose amid fresh concerns about corrosion in France’s nuclear fleet, against a backdrop of strikes across the country and a cold snap elsewhere in the region. French power for next year rose to 7.9%, the highest since late January. Benchmark Dutch natural gas for the first month also advanced. Electricite de France SA must review its nuclear reactor controls program after a crack was found in its Penly-1 unit earlier this year, the country’s nuclear authority said. It’s unclear how the overhaul will affect production, which the company hopes to pick up after multiple disruptions in 2022.…
The Dixon Police Department will soon be getting new body and car cameras. According to Deputy Chief Matt Richards, everyone in the department is looking forward to getting this new technology. Chief Steve Howell said we live in the age of the camera. This means that no matter where you go, there will be a camera somewhere recording you. Howell said they have put new Motorola cameras in boxes that have the body camera and the car camera working together. There is a problem installing the cameras. The department is in desperate need of new squad cars. These are getting…
ORLANDO, Fla. – An ex-cop turned criminal who Channel 9 previously reported on is now being accused by car rental customers of charging questionable rates and sending threatening letters when they try to dispute the bill.A customer told Action 9 she was charged airport fees, but Orlando International Airport leaders say the rental car company is not affiliated with them in any way and have now issued a cease and desist and withdrawalChannel 9 investigative reporter Karla Ray tried to track down the owner for answers.A Disney vacation turned into a rental car nightmare for the Clark family from Texas…
Company logoGlobal Electric Refrigeration Pumps MarketGlobal Electric Refrigeration Pumps MarketDublin, March 08, 2023 (GLOBE NEWSWIRE) — The report “Electric Cooling Pump Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Application, Power, Vehicle Type, type of propulsion and type of pump” a ResearchAndMarkets.com’s offersThe Electric Cooling Pumps Market is expected to grow from USD 467.46 Million in 2022 to USD 1,188.28 Million by 2028; is estimated to grow at a CAGR of 16.8% from 2022 to 2028. North America has potential share, due to favorable government initiatives and increased demand for fully electric vehicles. According to the…
Oil fell for the second session in a row as the first draw of US crude inventories this year failed to change traders’ confidence in crude amid a dovish tone from the Federal Reserve. US inventory data from the Energy Information Administration briefly lifted futures, but the rally was extinguished by a bleak economic outlook sparked by the Fed eyeing higher and faster rate hikes. West Texas Intermediate fell nearly 2% before recouping some of its losses, piling on the commodity’s biggest drop since early January in the previous session. With fundamentals not trending “super bullish” and sour macro sentiment,…
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