David Beckham scores stake in UK electric vehicle firm Lunaz June 3, 2021 David Beckham may be known for his impressive collection of classic cars, but the former England footballer is now swapping gas-guzzlers for electric vehicles. The maverick midfielder has taken a 10 per cent stake in Lunaz, a Silverstone-based company that electrifies classic cars such as Bentleys, Rolls-Royces and Jaguars. He joins a star-studded teamsheet of [...]
Tesla to spend north of $1bn for Australian electric car battery materials annually June 2, 2021 Raw battery materials from Australia alone are expected to cost Tesla north of $1bn every year, the chair of the US carmaker has said today. Australia, which is rich in natural resource, is a business go-to for its bustling mining industry and responsible production practices. Tesla is keen for minerals like lithium and nickel, which [...]
Ofgem invests £300m into EV charge points, with £40bn more to come May 24, 2021 The Office of Gas and Electricity Markets, also known as Ofgem, has invested £300m into expanding the UK’s electric vehicle (EV) charging network today, to push the pedal on the country’s low carbon future. In the bid for net zero, the non-ministerial government department has put money behind the electric vehicle sector, to instal [...]
2035 zero emission car target a ‘mountain to climb’ for government, MPs say May 19, 2021 The government is facing a “mountain to climb” to deliver on its ambition to make all cars sold in the UK zero-emissions by 2035, MPs have said today. Ministers must address the twin challenges of up-front prices for electric cars, which remain notably higher than petrol and diesel cars, and providing enough charging infrastructure to [...]
Biden charges up $174bn electric vehicle plan in Michigan speech May 18, 2021 US President Joe Biden today called for government grants for new battery production facilities as he made the case for his $174bn (£123bn) electric vehicle plan today. During a speech at a Ford electric vehicle plant in Michigan, Biden vowed to “set a new pace” for the technology and reverse what he described as the [...]
Electric scooter startup Bird to go public in £1.6bn SPAC deal May 12, 2021 Bird Rides announced a merger with Switchback II Corp, a blank-cheque company, to go public in a deal that values the electric scooter company at £1.6bn. SPACs are listed companies that use the proceeds from an IPO to buy a private firm and take it public. The scooter rental company said the deal will be [...]
German e-car boom will hit 178,000 workers unless companies focus on re-skilling May 6, 2021 The electric cars boom will hit 178,000 workers in Germany unless companies gear up efforts to re-skill their employees, a report has shown today. The country’s auto industry will suffer more employees retiring than the labour market can keep up within the coming years, the Ifo institute said. With battery-driven cars requiring less assembly work [...]
Stockpile key battery metals to avoid ‘looming mismatch’, governments warned May 5, 2021 Governments around the world should consider strategically stockpiling metals critical for energy transition technologies to avoid the “looming mismatch” between their climate intentions and the availability of such materials. A new report by the International Energy Agency (IEA) today said that countries should act now to shore up supplies of metals such as nickel, lithium, [...]
Uber inks deal with Arrival to build electric car for its drivers May 4, 2021 Uber has this morning announced a partnership with UK start-up Arrival to build electric taxis designed for its ride-hailing drivers. The car, which will enter production in the first quarter of 2023, will be designed in partnership with the ride-hailing giant’s drivers. The partnership is part of Uber’s push to eliminate emissions from all 45,000 [...]
Why don’t I have an EV yet? April 24, 2021 Given all the hype around electric cars, it is sometimes easy to forget just how far off mass adoption of the climate friendly vehicles still is. A recent survey by consumer trends data firm Dynata suggests that as yet just 16 per cent of Brits have bought an electric or hybrid car – way behind [...]