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The Latest Breaking News from BloombergNEF

Banks Promote Climate Pledges But Keep Increasing Their Financing of Fossil Fuel Production

National day of protest will target JPMorgan Chase, Citigroup, Bank of America and Wells Fargo as new U.N. report warns of catastrophic climate impacts.

Capital & Main

Global EV sales jump 53% in 2022

Global spending on passenger electric vehicles jumped 53% last year to $388 billion, according a new report published by BloombergNEF on investment in the energy transition.

Bangkok Post

Electric vehicles look poised for slower sales growth this year

Every year, BloombergNEF’s team of analysts pauses to reflect on what’s happened in our industry and make some predictions on what might be in store next. Each year presents its own challenges, and 2023 is no exception, with economic uncertainty riding high, geopolitical tensions rising and the policy landscape shifting.

Tribune News Service

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US hails fusion breakthrough as energy dream takes shape

After more than 50 years of false starts, nuclear fusion is finally taking a resolute step closer to becoming the world’s newest energy source.

Tribune News Service

Stop China from undermining the electric car revolution

City Voices: Electric vehicle battery prices have risen for the first time in more than a decade as China tightens its grip on supply of key metal cobalt

Evening Standard

Tesla Model Y Sales Skyrocketing, May Beat Ford F-150 Globally In 2022

BloombergNEF predicts Tesla's Model Y electric crossover could move into the top five for global sales in 2022, and it seems the publication is on the mark.

InsideEVs

Factcheck: is Jacob Rees-Mogg right that fracking is safe and vital?

New business secretary says opposition to fracking is ‘sheer ludditery’, yet he faces disbelief from many quarters

The Guardian - UK

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Over Half Of US Car Sales Are Forecasted To Be Electrified By 2030

With rising gas prices increasing interest in EVs, and new government tax credits, EV adoption stands to speed up notably. However, it won't happen right away.

InsideEVs

Australian fossil fuel megaprojects at risk from record high global gas prices

Experts warn of ‘permanent demand destruction’ for gas but say conditions are ideal for a structural shift to renewable energy

The Guardian - AU

India needs $223 billion to meet 2030 renewable capacity goals: Report

Government has a target of increasing non-fossil power capacity to 500 GW by 2030 and provide half of its electricity supply

The Hindu

Rivian Backer Eyes India's Two and Three Wheeler EV Market

Abdul Latif Jameel, an early Rivian Automotive, Inc (NASDAQ:RIVN) backer, committed to investing up to $220 million (₹17 billion) in India's battery-powered two and three-wheeler vehicles through EV maker Greaves Electric Mobility. The Saudi family-owned group will initially pay $150 million (₹11.6 billion) for a 35.8% stake in India's Greaves Cotton Ltd subsidiary to foray…

Benzinga

EVs are shoving aside real volumes of oil, report shows

New estimates help to show EVs are shedding their status as a niche climate technology.

Axios

Will Rising Metal Prices Drag Tesla Stock?

Tesla, Inc. (NASDAQ: TSLA) recently hiked the prices of its more affordable Model 3 sedans and Model Y SUVs in the U.S. and China.

Benzinga

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