Global EV sales growing faster than forecasted and oil demand for cars likely peaked in 2019
EVs are now projected to make up between 62% and 86% of global car sales by 2030, with China enjoying an EV market share of at least 90%.
Transportation
H2Fly’s twin-fuselage aircraft makes world-first liquid hydrogen flight
Liquid hydrogen is a giant pain to handle, but it’s one of the few technologies with a genuine chance of decarbonizing long-range flight.
U.S. Department of Transportation finally suspends LNG-by-rail rule
Liquefied natural gas (LNG) transport by rail exposes nearby communities to the risk of destructive explosions, choking clouds, and uncontrollable fires and accelerates the burning of fossil fuels.
Bangladesh to begin producing lithium batteries and electric vehicles to cut emissions
To lessen pollution and reliance on fossil fuels, Bangladesh intends to phase out internal combustion engines in favor of EVs. Producing the lithium batteries used in EVs is a major first step toward this goal.
India approves $7 billion for 10,000 electric buses for 170 cities
The government’s push for electric public transportation vehicles comes as it works to cut emissions, reduce fuel imports, and clean up air pollution.
China to reach peak gasoline demand in 2024
With plug-in cars increasingly displacing gas guzzlers, China is now on track to hit peak gasoline demand in 2024, according to independent analyses from the International Energy Agency and Rystad Energy.
Number of EV charging points in the U.S. has nearly doubled in three years
In the first quarter of 2020, the U.S. had roughly 80,000 public charging stations nationwide. In Q1 2023, it surpassed 140,000 public stations.
Kenya’s KCB Group to provide 100% financing for riders to acquire 100,000 electric motorcycles
In a major boost to Kenya’s nascent electric motorcycle and tuk-tuk sector, Kenya’s largest bank has partnered with the United Nations Institute for Training and Research to roll out a program that is expected to create over 150,000 new green jobs over six years.
Planes in the E.U. will have to be partly powered by sustainable fuel
By 2025, 2% of fuel offered at EU airports must be sustainable aviation fuels (SAF). This must rise to 6% by 2030, 20% by 2035, and 70% of by 2050.
Quebec and Montreal order more than 1200 electric buses
The provincial government is providing $1.1 billion while the federal government will contribute $780 million, making it North America’s largest-ever electric bus acquisition.