New EU renewable energy target will likely lead to accelerated EV adoption
A new agreement between the European Parliament and European Council is expected to step up the adoption of electric vehicles, thanks to a new EU target for renewable energy. The agreement has been reached by the European Parliament and European Council, after exhaustive negotiations, under the revised Renewable Energy Directive.
According to reports, the new EU agreement seeks a 32 percent bloc-wide target for renewable energy by the year 2030. In addition, the agreement will also apparently result in an expanded use of solar and wind energy; thanks to the inclusion of a number of “citizen energy” measures, like eliminating grid charges for rooftop solar panels of under 25 kilowatts.
Furthermore, the agreement has also led to the setting of a new 14 percent renewable energy target in transport, including electric-vehicle (EV) incentives. It also includes more stringent regulations for bio-fuels used in transport, particularly palm oil and other crop-based fuels.
With regard to the noteworthy agreement between the European Parliament and European Council, Fine Gael MEP Sean Kelly said that the agreement will potentially pave the way for secure, cost-effective and climate-friendly energy for Europe.
Kelly, the main negotiator for the European People’s Party, also highlighted the fact that the 27 percent target proposed by the council and the commission “was outdated,” especially because the Paris Climate Agreement is already in place, and costs of renewable are falling.
A new bill has recently been introduced in the Congress for official removal of the ‘200,000 delivery threshold’ for electric vehicle (EV) car manufacturers.
According to the latest electric vehicle (EV) sales report for China for the month of March 2018, the number of EVs sold in the country during the month touched a total of 59,000 units; thereby marking a noteworthy 85% year-on-year increase as com
Japanese automaker Nissan has announced that it will launch 3 new electric vehicles (EVs) in the domestic market by the year 2022. Other than the announced three new EVs, Nissan also plans to launch five new e-POWER models by year 2022.
Tesla stock declined after the company reported lower-than-expected quarterly performance. Tesla has remained among favorite automobile stocks during the past few quarters but the company has failed to improve its production levels.
In a move which will potentially increase the adoption of electric vehicles (EVs) in the UK by making their recharging easier and wireless, the government has plans underway to install a new generation of Scalextric-style EV charging points.
In coincidence with its release of financial results for the 2018 second- quarter, electric vehicle maker Tesla Motors has also shared the latest update on the production of its Model 3 electric car.