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Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

Volvo said it would halt production at its factory in Ghent, Belgium, for three days after rerouting ships to avoid potential violence. Global shipping companies, in one of the world’s busiest shipping lanes, have had to redirect or halt shipping altogether. Get started here. FTC: We use income earning auto affiliate links.

Volvo 52
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030. Demand for recycled polyolefins is expected to grow globally about three times faster than virgin polymers until 2030. OMV’s goal is to become a leading global supplier of specialty polyolefin solutions.

Oil 465
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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

Green Car Congress

2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA. Click to enlarge.

Cost Of 150
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Electric Vehicle Initiative Launched at Clean Energy Ministerial in Washington DC

Green Car Congress

At the Clean Energy Ministerial in Washington, DC, 19-20 July, ministers reaffirmed their commitment to previously-announced targets for the deployment of electric vehicles, which the International Energy Agency (IEA) estimates will create global market momentum leading to at least 20 million electric vehicles on the road worldwide by 2020.