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☆ Cuba's power grid collapses as Hurricane Rafael lashes the island
▼ + stars: | 2024-11-07 | by ( ) www.nbcnews.com time to read: +3 min

HAVANA — Cuba’s national electrical grid collapsed on Wednesday as Hurricane Rafael slammed into the island’s southwest shore, packing sustained winds of 115 mph and wreaking havoc on the already crisis-stricken country. The hurricane was churning about 60 miles west of Cuba’s capital Havana on Wednesday night, after lashing the capital city of nearly two million people with driving rain and violent wind gusts. The Miami-based National Hurricane Center warned of a “life-threatening storm surge, damaging hurricane-force winds and flash flooding” across much of western Cuba. Cuba’s state-run grid operator UNE said the high winds had caused the country’s electrical system to collapse. Forecasters predict Rafael will spin off towards the western Gulf of Mexico later this week, though the track remains uncertain, the hurricane center said.

Persons: Rafael, Havana’s Jose, Ydael Pérez Brito, Oscar, Adalbero Roque Organizations: Hurricane Center, Police, Havana’s Jose Marti International Airport, Pinar del, Farmers, Agriculture, Communist, Getty Locations: HAVANA, Cuba’s, Havana, Miami, Cuba, State, Varadero, Cayo Largo, Artemisa, Pinar del Rio, AFP, Venezuela, Russia, Mexico, Cayman Islands, Gulf

Havana CNN —Cuba’s electrical grid shut down on Friday, putting the country into a blackout after the failure of one of the island’s major power plants, according to its energy ministry. In a statement on X, the ministry said “the failure” of the Antonio Guiteras Power Plant caused “the total disconnection of the National Electrical System” from 11 a.m. This week, Cuba’s increasingly energy-strapped government called for draconian measures to save power, including telling many workers to stay home. Millions of people on the communist-run island have been left without power over the last several days as the aging Cuban electrical grid repeatedly collapsed. The Cuban Electric Union has also reported that 37 power generation plants are out of service due to lack of fuel.

Persons: Antonio Guiteras, Manuel Marrero Cruz, ”, Marrero, Vicente de la O Levy, Mariel, Santiago Organizations: Havana CNN, National, Cuban, Energy, Mines, Cuban Electric Union, Ministry of Energy, Santiago de Cuba, CNN, Español Locations: Havana, Cuba, Matanzas, Santiago de

☆ America's demand for skilled electricians is entering a boom cycle
▼ + stars: | 2024-07-27 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Every year, nearly 10,000 electricians either retire or change careers, but only about 7,000 new ones enter the field. "We're benefitting from a generation that's looking past high school and is not seeing a career going through the traditional four-year college pathway. Contributing to that shift are high school guidance counselors like Steve Schneider, who has advised students for 28 years, currently at Sheboygan South High School in Wisconsin. It offers high school students hands-on training alongside workers from local companies, introducing them to skilled trades and other occupations, which can lead to an apprenticeship after graduation. Among LATTC's 12,000 students, 4,600 are currently enrolled in electrician training, he said, adding that tuition is around $1,000 a year.

Persons: —, David Long, They're, Adrian Sauceda, We've, Sauceda, Thayer Long, IEC's Thayer Long, Steve Schneider, Schneider, Kohler, NECA's David Long, Bill Elarton, Selig, Alan Marzullo, Marzullo, NECA's Long Organizations: Bureau of Labor Statistics, BLS, National Electrical Contractors Association, International Brotherhood of Electrical Workers, Independent Electrical Contractors, IEC, Sheboygan South High School, Rockline Industries, Inspire Wisconsin, NECA, Electrical Training Alliance, Department of Labor, Los Angeles Trade, Technical College, Syracuse University's College of Professional Studies, Consortium, Micron Technology, Local, Micron Locations: U.S, Wisconsin, Sheboygan, America, Clay , New York

☆ Ecuador Hit by Nationwide Blackout
▼ + stars: | 2024-06-19 | by ( José María León Cabrera | Genevieve Glatsky | ) www.nytimes.com time to read: 1 min

Ecuador was plunged into a nationwide blackout on Wednesday afternoon, and the country’s public works minister blamed the emergency on a failure of a key transmission line. The minister, Roberto Luque, said in a statement on X that he had received a report from the national electricity operator, CENACE, about “a failure in the transmission line that caused a cascade disconnection, so there is no energy service nationwide.”He said the authorities were working to resolve the outage “as quickly as possible.” Within hours, power had begun to return to some parts of Quito, the capital. The South American country of 18 million people has been struggling with an energy crisis for several years. Failing infrastructure, a lack of maintenance and a dependence on imported energy have all contributed to rolling blackouts — though none have been as widespread as this one.

Persons: Roberto Luque Locations: Ecuador, Quito

CNN —The world has passed a clean energy milestone, as a boom in wind and solar meant a record-breaking 30% of the world’s electricity was produced by renewables last year, new data shows. The planet is reaching “a crucial turning point” toward clean energy, according to the Global Electricity Review published Wednesday by climate think tank Ember. Record-breaking renewablesIn 2000, renewables made up less than 19% of the global energy mix. It made up nearly twice as much new electricity generation as coal last year. Electricity demand is set to soar from 2024 onward, Ember’s analysis found.

Persons: It’s, Dave Jones, Ember, ” Jones, “ We’re, Jones, “, ”, Niklas Höhne, Nancy Haegel Organizations: CNN, Global, NewClimate Institute, European Union, EU, National Renewable Energy Laboratory Locations: China, India, Chile, Australia, Netherlands, California, United States

☆ Russia Hits Ukrainian Power Plants, Further Straining Energy System
▼ + stars: | 2024-05-08 | by ( Constant Méheut | ) www.nytimes.com time to read: +1 min

A large Russian missile and drone assault caused serious damage to several power plants across Ukraine early Wednesday, Ukrainian officials said. Ukraine’s largest private electricity company, DTEK, said in a statement that three thermal power plants had been hit, further straining Ukraine’s electricity generation capacity, which was already reeling from previous assaults. Ukrenergo, Ukraine’s national electricity company, said that it might have to cut power to some domestic and industrial customers on Wednesday evening as a result. “You have to be prepared for this,” Volodymyr Kudritskyi, the head of Ukrenergo, told the Ukrainian news media. The attacks have hit Ukraine at a particularly difficult moment.

Persons: Volodymyr Kudritskyi Locations: Russian, Ukraine

☆ Tesla slashed its Supercharger team. What does that mean for America’s EV network?
▼ + stars: | 2024-05-04 | by ( Ella Nilsen | ) edition.cnn.com time to read: +4 min

CNN —The news this week that Elon Musk laid off Tesla’s entire Supercharger team sent shockwaves of uncertainty through the industry tasked with building America’s new network of EV chargers. A fast and reliable charging network is an essential ingredient in getting more people to switch from gas-powered vehicles to electric, and some early types of chargers proved less than dependable. Tesla had a superior charging network long before President Joe Biden set an ambitious goal to install half a million stations around the US by the end of the decade. “There are many, many charging companies out there,” an EV industry source told CNN. “Charging is a difficult business, there’s no doubt about that,” the EV industry source said.

Persons: Elon Musk, Tesla, Joe Biden, NEVI, “ It’s, ”, it’s, ” Daniel Sperling, University of California Davis, Loren McDonald, ” McDonald Organizations: CNN, EV, Joint Office of Energy, Transportation, Electric Vehicle Infrastructure, NEVI, Infrastructure Law, ”, Institute of Transportation Studies, University of California Locations: EVAdoption, New York

More than two years later, only four states — Ohio, New York, Pennsylvania and Hawaii — have opened stations funded by the program. The Biden administration says the federal charging program is on track. The grants will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 charging ports. But even some of the government’s own experts say 500,000 public chargers won’t be enough to meet Biden’s ambitious climate goals. The availability of charging stations is key to persuading Americans to buy EVs.

Persons: Liam Sawyer, Sawyer, ”, Joe Biden, Biden, Shailen Bhatt, “, ” Bhatt, “ We’re, ″, Gabe Klein, Bhatt, Tesla, Mike DeWine, DeWine, Preeti Choudhary, Loren McDonald, you’re, ” ___ Daly, John Organizations: —, Ford, Allegheny National Forest, Pilot Travel, Electric Vehicle Infrastructure, Democrat, Transportation, Walmart, Joint Office of Energy, National Renewable Energy Laboratory, Alternative Fuels Data, Energy Department, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago ., Republican Gov, Ohio, Department of Transportation, Public Utilities Commission, “ Locations: Ohio, Indianapolis, Pennsylvania, Columbus , Ohio, London , Ohio, — Ohio, New York , Pennsylvania, Hawaii, U.S, Maine , Vermont, Colorado, Puerto Rico, America, California, Washington, St, Detroit, AP.org

Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. When asked during a press conference if he had reservations about the revised deal, Chairman Scott Perkins said: "absolutely". DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia

Origin said based on the early votes received the original offer would not have won support. Under the new terms, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion ($8 billion). Origin shareholders would receive a total of A$9.08 per share, with an additional A$0.22 if EIG got up to 90.1% control of Origin. Institutional investors who have already voted on the A$9.43 offer can choose to change or keep their vote, or opt to invest in the energy markets business.

Persons: Dado Ruvic, EIG, Chris Bowen, Scott Murdoch, Lewis Jackson, Miral Fahmy, Lincoln, Sonali Paul Organizations: Brookfield, REUTERS, Companies Brookfield, Origin Energy, Brookfield ., EIG Partners, Australia Pacific LNG, Brookfield consortium's, Energy, Thomson Locations: SYDNEY, Brookfield, Sydney, Australian, Australia

The A$300 billion ($195.24 billion) pension fund was against the original offer, which it also said substantially undervalued the company's ability to profit from Australia's shift to renewable energy. Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

☆ Thailand approves new, scaled down EV subsidy package - industry official
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

An electric car is seen while being charged during the opening of a PTT Pcl energy firm's commercial EV (Electric Vehicle) charging station, in Bangkok, Thailand, August 15, 2016. REUTERS/Jorge Silva/File Photo Acquire Licensing RightsBANGKOK, Nov 1 (Reuters) - Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a top regional auto hub where battery-powered cars are steadily gaining traction. The new package approved by the National Electric Vehicle Policy Committee includes a lower subsidy than the current scheme ending this year, chairman of the Federation of Thai Industries, Kriengkrai Theinnukul, told reporters. EVs have enjoyed strong sales in Thailand this year, accounting for about half of all EV sales in Southeast Asia in the second quarter. Thailand currently offers a government subsidy of up to 150,000 baht ($4,100) per vehicle, but the amount could be brought down to 100,000 baht, a government official said last month.

Persons: Jorge Silva, Kriengkrai Theinnukul, EVs, Kitiphong Thaichareon, Orathai Sriring, Martin Petty Organizations: PTT, REUTERS, Rights, National Electric Vehicle, Federation of Thai Industries, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Southeast Asia, BYD

MEXICO CITY (AP) — Officials in Mexico said Monday that three foreign residents were among at least 45 people killed when Hurricane Otis hit the resort city of Acapulco last week. Meanwhile, the Navy said the search effort will now focus on finding possible bodies among the 29 boats known to have sunk in Acapulco Bay the night the hurricane hit. The government reported Sunday that at least 48 people died when Category 5 Hurricane Otis slammed into Mexico’s southern Pacific coast, most of them in Acapulco. In Acapulco, families held funerals for the dead on Sunday and continued the search for essentials while government workers and volunteers cleared streets clogged with muck and debris left by the hurricane. “There are many, many people here at the (morgue) that are entire families; families of six, families of four, even eight people,” she said.

Persons: Hurricane Otis, Adm, José Rafael Ojeda, ” Ojeda, Otis, Coyuca de Benitez, Guerrero state’s, Evelyn Salgado, Andrés Manuel López Obrador, Katy Barrera, Barrera’s, ” Barrera, Barrera —, —, ”, “, Kristian Vera Organizations: MEXICO CITY, —, Navy, Hurricane, Gov Locations: MEXICO, Mexico, Acapulco, England, Acapulco Bay, Pacific, Coyuca, hearses

☆ Hurricane Otis weakens over southern Mexico after battering Acapulco
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: +3 min

People stand on the beach after Hurricane Otis' arrival alert in Acapulco, Guerrero state, Mexico on October 24, 2023. Hurricane Otis slammed into Mexico's southern Pacific coast as a catastrophic Category 5 hurricane early Wednesday, bringing dangerous winds and heavy rain to Acapulco and surrounding towns, stirring memories of a 1997 storm that killed dozens of people. The center of Otis is expected to move farther inland over southern Mexico through Wednesday night. Otis is stronger than Hurricane Pauline that hit Acapulco in 1997, López said. Otis' arrival came just days after Hurricane Norma struck the southern tip of Mexico's Baja California Peninsula to the north.

Persons: Hurricane Otis, Otis, Abelina López, Pauline, López, Norma, Coyuca de Benitez, Hurricane Tammy, Tammy Organizations: Hurricane, U.S, National Hurricane Center Locations: Hurricane, Acapulco, Guerrero, Mexico, Pacific, Chilpancingo, Guerrero's, Mexico's Baja California, El Papayo, Coyuca, Lesser Antilles, Bermuda

The International Energy Agency (IEA) report published this week revealed that a growing volume of renewable energy generation is being stalled as developers wait for projects to be connected to national electricity grids. Since the report's release on Monday, share prices of companies engaged in building electric grids, or with products and services tied to grid modernisation, have outperformed firms that are focused on renewable energy generation. The share prices of certain firms that hold these particular skill or product sets have seen signs of heightened buying interest this week since the IEA report was published, indicating that some investors may be already placing bets that grid specialist firms may be primed for growth going forward. Germany's E.ON (EONGn.DE), which has a major energy networks division, is up roughly 17% this year, LSEG data shows. Firms that develop smart meters and other grid management tools are also expected to see growth in demand for their services by power companies.

Persons: Lisi Niesner, Gavin Maguire, Muralikumar Organizations: REUTERS, International Energy Agency, IEA, FOCUS, Mastec Inc, U.S, Fluor Corp, Eaton Corporation, E.ON, Reuters, Thomson Locations: Weselitz, Germany, LITTLETON , Colorado, U.S, Ireland

Brazil boosted clean electricity generation capacity by more than 35% from 2017 to 2022Solar power accounted for 6.8% of Brazil's electricity generation in 2023, up from about 4.2% in 2022, according to Ember. But overall power generation in key European economies such as Germany remains well below peaks seen around 2018-19, as power generators face shortages of key power fuels such as natural gas in the wake of Russia's invasion of Ukraine. In turn, restricted power output has kept energy costs elevated above long-term averages, which curbed consumption from energy-intensive industries and hobbled overall economic growth. The fact that Brazil's power sector has managed to overcome those challenges to create a world-leading clean power sector may offer counterparts in other regions clues on how to maintain growth rates. Brazil's new position as the cleanest major power sector may also help challenge assumptions that clean power expertise is concentrated in wealthier economies, and may widen the perspective of power sector developers who are trying to map out energy system expansion plans over coming years.

Persons: Sao Jose da Barra, Paulo Whitaker, Ember, Gavin Maguire, Robert Birsel Organizations: REUTERS, HYDRO, National Electric Energy Agency, Reuters, Thomson Locations: Furnas, Sao Jose, Minas Gerais, Central Brazil, BRAZIL, LITTLETON , Colorado, Brazil, France, Argentina, America, Europe, Germany, Ukraine, Asia

☆ Sudan 'spiralling out of control' as 1 million flee country, UN warns
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +4 min

Fighting between the Sudanese army and the paramilitary Rapid Support Forces (RSF) has devastated the capital Khartoum and sparked ethnically driven attacks in Darfur, threatening to plunge Sudan into a protracted civil war and destabilise the region. "Time is running out for farmers to plant the crops that will feed them and their neighbours. The situation is spiralling out of control," U.N. agencies said in a joint statement. REUTERS/Zohra Bensemra/File Photo Acquire Licensing RightsReports of sexual assaults have increased by 50%, said U.N. population fund official Laila Baker. Efforts led by Saudi Arabia and the United States to negotiate a ceasefire in the current conflict have stalled, and humanitarian agencies have struggled to provide relief because of insecurity, looting and bureaucratic hurdles.

Persons: Malik Agar, Elizabeth Throssell, Chad August, Zohra, Laila Baker, Agar, Abdel Fattah al, Burhan, Omar al, Bashir, Khalid Abdelaziz, Nafisa Eltahir, Gabrielle Tetrault, Farber, Aidan Lewis, Alexandra Hudson, Jonathan Oatis Organizations: United Nations, Rapid Support Forces, Sovereign, IOM, Human Rights, REUTERS, Thomson Locations: Sudan, Khartoum, Darfur, Kordofan, Geneva, Chadian, Chad, Adre, Saudi Arabia, United States, Dubai, Nafisa, Cairo

The country recorded massive increases in generation from hydro (+64 billion kWh), solar (+13 billion kWh) and wind farms (+9 billion kWh). As a result, there was a sharp decline in thermal generation (-66 billion kWh) including gas (-45 billion kWh), oil (-10 billion kWh), coal (-8 billion kWh) and biomass (-3 million kWh). Hydro power was +43 billion kWh (+11%) above the prior ten-year average in 2022 and the highest for any year since 2011. In consequence, gas-fired generation was -24 billion kWh (-37%) below the prior ten-year average and the lowest since 2011. LNG IMPORTS DOWNBrazil relies on imports to cover more than a quarter of its gas consumption – rising to almost half in years when gas generation is high.

Persons: John Kemp, Barbara Lewis Organizations: U.K . Energy Institute, Hydro, HYDRO, National Electric, ., Ministry of Mines and Energy, Thomson, Reuters Locations: Brazil, Europe, Chartbook, Bolivia, United States, Qatar, Trinidad and Tobago, Asia, Midwest

☆ EV charger maker Tritium wins order from Hawaii under federal funding program
▼ + stars: | 2023-07-11 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 11 (Reuters) - Tritium DCFC (DCFC.O) said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers - the first funds to roll out in a federal program meant to blanket the country with charging infrastructure and boost EV adoption. Hawaii, which was granted access to $2.6 million in September as part of the first round of funding, is buying 32 150-kilowatt Tritium chargers and 16 power units, the company said. "These fast chargers are expected to be among the first funded and installed under the NEVI program," Brisbane, Australia-based Tritium said in a statement. While several states, including Ohio and Texas, are in various stages of seeking proposals from companies, Tritium said Hawaii was using an existing contract with Sustainability Partners, an infrastructure-focused public benefit company to place the order. The federal funding - seen critical to President Joe Biden's plans to tackle climate change and create local jobs - requires companies to offer the U.S. standard Combined Charging System (CCS) in the chargers.

Persons: Joe Biden's, Abhirup Roy, Nivedita Organizations: FRANCISCO, National Electric Vehicle Infrastructure, Sustainability Partners, U.S, CCS, American, Reuters, Thomson Locations: Hawaii, U.S, Brisbane, Australia, Ohio, Texas, Washington, San Francisco

☆ Kentucky mandates Tesla's charging plug for state-backed charging stations
▼ + stars: | 2023-07-03 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

San Francisco, July 3 (Reuters) - Kentucky is requiring that electric vehicle charging companies include Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky's plan went into effect on Friday, making it the first state to mandate Tesla's charging technology, although Texas and Washington states previously shared such plans with Reuters. In addition to federal requirements for the rival Combined Charging System (CCS), Kentucky mandates Tesla's plug, called the North American Charging Standard (NACS), at charging stations, according to Kentucky's request for proposal (RFP) for the state's EV charging program on Friday. Each port shall also be capable of connecting to and charging vehicles equipped with charging ports compliant with the North American Charging Standard (NACS)," the documents say. It added that the rule allows charging stations to have other connectors, as long as they support CCS, a national standard.

Persons: Kentucky's, Tesla, Hyunjoo Jin, Mark Porter, Leslie Adler, Conor Humphries Organizations: Reuters, American, EV, SAE CCS, Ford, Texas Transportation Commission, U.S . Department of Transportation, CCS, Electric Vehicle Infrastructure, Thomson Locations: San Francisco, Kentucky, Texas, Washington, United States

[1/2] A man watches television while cooling himself with an electric ventilator as temperatures rise during an unusual heat wave, in Monterrey, Mexico June 15, 2023. On Wednesday, daily demand was projected to peak even higher at 51,782 megawatts per hour, according to Cenace data. Meanwhile, neighboring Texas urged power conservation after the grid operator on Tuesday evening issued a warning for "projected reserve capacity shortage". In Michoacan state, one town had been without electricity for several days, after an energy transmitter exploded. The heat wave in Mexico is forecast to continue for several more days.

Persons: Daniel Becerril, Cenace, Jorge Musalem, Andres Manuel Lopez Obrador, Isabel Woodford, Adriana Barrera, Lisa Shumaker Organizations: REUTERS, MEXICO CITY, National Center for Energy Control, Twitter, Local, CFE, Thomson Locations: Monterrey, Mexico, MEXICO, Texas, Michoacan

☆ Australia unveils roadmap to boost uptake of electric vehicles
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, April 19 (Reuters) - Australia on Wednesday released its first national electric vehicle strategy, aimed at ensuring the country has a better choice of electric vehicles and improved affordability in a bid to boost the uptake of cleaner vehicles. Apart from Russia, Australia was the only developed country to either not have or be developing fuel efficiency standards, which encourage manufacturers to supply more electric and no-emission vehicles. Transport is the third largest source of carbon emissions in Australia - one of the world's biggest emitters on a per capita basis. Australia's centre-left Labor government last year flagged it had plans to introduce new regulations targeting vehicle carbon emissions to increase sales of electric cars, as it looks to catch up with other developed economies. "Fuel-efficient and electric vehicles are cleaner and cheaper to run - today's announcement is a win-win for motorists," Bowen said in a statement.

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Microsoft, Netflix, Amazon, Sunrun & more
▼ + stars: | 2023-04-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

This is relevant to Apple as we estimate that Google pays Apple ~$20bn for being the default search engine across iOS devices." Goldman Sachs reiterates Microsoft as buy Goldman says it's staying bullish heading into Microsoft earnings next week. Deutsche Bank reiterates Disney as buy Deutsche Bank says it sees an "attractive setup" heading into earnings in early May. HSBC upgrades Nvidia to buy from reduce HSBC said in its double upgrade of Nvidia that it's "all about AI." Deutsche Bank reiterates Amazon as buy Deutsche says it's standing by its buy rating on the e-commerce giant ahead of earnings later this month.

SYDNEY, April 19 (Reuters) - Australia said on Wednesday it would introduce new standards targeting vehicle emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies. "Fuel-efficient and electric vehicles are cleaner and cheaper to run - today's announcement is a win-win for motorists," Bowen said in a statement. "Fuel efficiency standards would require more affordable electric vehicles to be sent to Australia," he said. Transport is the third largest source of carbon emissions in Australia - one of the world's biggest emitters on a per capita basis. Australia's centre-left Labor government last year flagged it had plans to introduce new regulations targeting vehicle carbon emissions to increase sales of electric cars.

☆ US proposes to slash EV mileage ratings to meet fuel economy rules
▼ + stars: | 2023-04-11 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, April 10 (Reuters) - The U.S. Energy Department (DOE) on Monday proposed reducing electric vehicles' (EV) mileage ratings to meet government fuel economy requirements, a move that could force automakers to sell more low-emissions cars or improve conventional models. DOE wants to significantly revise how it calculates the petroleum-equivalent fuel economy rating for electric and plug-in electric hybrids for use in the National Highway Traffic Safety Administration's (NHTSA) Corporate Average Fuel Economy (CAFE) program. Miles Per Gallon equivalent (MPGe) ratings are determined by using values for national electricity, petroleum generation and distribution efficiency and driving patterns. Environmental groups note fuel economy ratings for EVs is far higher for determining CAFE compliance than those listed on the government's consumer fueleconomy.gov website. The Natural Resources Defense Council and Sierra Club petitioned for the change in 2021, arguing "excessively high imputed fuel economy values for EVs means that a relatively small number of EVs will mathematically guarantee compliance without meaningful improvements in the real-world average fuel economy of automakers' overall fleets."

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