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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Europe’s performance was driven by a record year for electric vehicle sales, and the best year in renewable energy investment since 2012. Renewable energy investment.

2020 259
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Road Test: 2021 Polestar 2

Clean Fleet Report

The secret is that Polestar is an electric performance brand from Volvo and its Chinese owner, Geely Holding. It was established in 2017 and is based in Gothenburg, Sweden, where Volvo has been for a long time (although the Polestar 2 is built in China). Still a bit of a mystery. High tech treats include the absence of a start button.

Volvo 81
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What If Europe Loses Russian Natural Gas?

Cars That Think

And the recent revelation of atrocities committed by the Russian military in Ukraine have renewed calls to boycott Russian gas, an action European countries are struggling to figure out how to implement. The distribution of heat pumps in Europe supports Rosenow’s contention.

Gas 103
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2020 Top 10 Countries in the Global EV Revolution

EV Sales

For example, with increasing evidence of genocidal Chinese government towards Uyghur residents, including forced labor camps, the lack of transparency regarding whether any Chinese EVs benefit from such labor prompts me to deduct 1 production point from China (out of ~25 it had earned). Globally ~14k Ioniq BEVs were sold.

2020 52