2023 was a record year for wind power growth – in numbers
The global wind industry installed 117 gigawatts (GW) of new capacity in 2023, making it the best year ever for new wind energy – here’s what happened and where.
Expand Expanding CloseThe global wind industry installed 117 gigawatts (GW) of new capacity in 2023, making it the best year ever for new wind energy – here’s what happened and where.
Expand Expanding CloseChina has filed a formal complaint with the World Trade Organization (WTO) against the US Inflation Reduction Act (IRA), claiming its subsidy policies discriminate against foreign automakers and disrupt the global goal of expediting EV adoption while distorting fair competition. A spokesperson for China’s Ministry of Commerce spoke to reporters and shared the details behind the filing.
Expand Expanding CloseSEAT S.A. shared its full 2023 financial results earlier today while also outlining its plans for the future. Part of its strategy includes bringing its Cupra EVs over to the US market, beginning with the all-electric version of the Formentor crossover as well as a larger SUV.
Expand Expanding CloseAs an American automaker, Tesla continues to grow its production footprint (and sales sheet) in China, but the same opportunities are not currently available to Chinese EV automakers, like NIO, hoping to enter the US market. NIO CEO William Li hopes that will soon change as both he and Elon Musk stress the need for improved relations between the US and China.
Expand Expanding CloseTwo and a half years after beginning development of its flagship EV, the Ocean, Fisker Inc. is delivering it to its first US customers. As a Southern California-based automaker selling an EV named after the water it’s headquartered near, it is quite on-brand that the first US deliveries of the Fisker Ocean begin in the Golden State. Here’s the latest.
Expand Expanding CloseGerman automaker Volkswagen Group is looking to more than double its current share of the US market by prioritizing EV production in North America. By adhering to new terms laid out in the Biden Administration’s Inflation Reduction Act, Volkswagen intends to deliver at least 25 all-electric models over the next seven years that will qualify for the entire $7,500 federal tax credit.
Expand Expanding CloseVolkswagen Group sub-brand Cupra has been market testing the possible entry into the US market, according to SEAT Cupra CEO Wayne Griffiths. Cupra has expanded to new markets outside of Western Europe recently and has multiple all-electric models in its production pipeline in Spain as it looks to grow its recognition as its own standalone EV brand.
Expand Expanding CloseWind, solar, and batteries make up 82% of 2023’s expected new utility-scale power capacity in the US, according to the US Energy Information Administration’s (EIA) “Preliminary Monthly Electric Generator Inventory.”
Expand Expanding CloseGerman automaker and VW Group subsidiary Audi is flirting with the idea of implementing EV production on US soil, so its vehicles can once again qualify for federal tax credits under new terms outlined in the Inflation Reduction Act. Audi CEO Markus Duesmann recently shared a couple of possibilities Audi is considering in a potential move to the states.
Expand Expanding CloseGenesis Motor North America has announced the official expansion of EV sales into its 13th state. Starting today, customers can inquire with their local dealer about the availability of both the Genesis GV60 and Electrified G80 as it moves toward becoming an entirely all-electric brand by 2030.
Expand Expanding CloseItalian legacy automaker Alfa Romeo recently outlined details of its upcoming all-electric segment in which its CEO said it intends to bolster sales in North America, expressing the need to “transfer the concept of performance” to its EVs. To do so, however, Alfa Romeo believes it needs something bigger and all-electric to attract US consumers, stating that it’s working on an SUV to compete with the BMW X5.
Expand Expanding CloseRenault’s revived sports car brand Alpine could make a huge resurgence this decade through ambitious production and sales goals under the marque’s CEO Laurent Rossi. Rossi sees the US as a crucial market in reaching its sales targets and intends to bring two bespoke Alpine EVs to the US market that will be positioned similarly to Porsche’s two SUV models. It may take a few years though.
Expand Expanding CloseUS president Joe Biden and China’s president Xi Jinping today agreed to renew climate talks, ending months of silence due to geopolitical tensions. Here’s why that’s a major breakthrough.
Expand Expanding CloseAbout 14 months after officially unveiling its all-electric EQE sedan, Mercedes-Benz has shared US pricing before deliveries begin this fall. The EQE will come in three different versions, each with varying trims to choose from, starting at an MSRP of $74,900. Learn more below.
Expand Expanding CloseThe European Union has asked the United States to include EVs, batteries, and other sustainable products sold on US soil in federal tax credits, similar to benefits it currently offers its North American neighbors. According to a recent report, the US and EU are in discussions about what’s possible.
Expand Expanding CloseThe UN Environment Programme (UNEP) just released its Emissions Gap Report 2022 – and let’s just say, the news isn’t good. So brace yourselves: You’re likely to see a slew of frightening, doom-mongering headlines about it today, unleashing a fresh wave of terror over those of us who care about the planet. But rather than panicking, here’s what to do instead.
Expand Expanding CloseLater today, the Biden administration is expected to announce $2.8 billion that will be awarded in grants around the US in support of EV battery manufacturing and mineral production domestically. The White House is also launching what is being called the “American Battery Material Initiative” to bolster mineral supply chains for automakers operating in the US.
Expand Expanding CloseIn a recent interview with German media, NIO CEO William Li covered a plethora of topics pertaining to the relatively young Chinese automaker, including its expansion in Europe and its plans for the US, which may now be on hold. Speaking of the US market, Li had some bold (and funny) words to say about Tesla and Elon Musk.
Expand Expanding CloseGM has officially begun Ultium EV battery production in the US as part of its $2.3 billion joint venture with LG Energy Solution. The JV’s 2.8-million square foot facility in Ohio is now assembling battery packs for the GMC Hummer EV, but remains hush on what other EVs in the GM family will receive them. Meanwhile, the American automaker continues to work through disputes as its battery factory employees look to unionize.
Expand Expanding CloseAccording to the “fact of the week” from the United States Department of Energy, the number of EVs offering at least 300 miles of range has grown tremendously since 2016 and has tripled in 2022 compared to a year prior. Higher range remains a huge selling point for US consumers, but still begs the question – is it really necessary for the average driver?
Expand Expanding CloseMercedes-Benz announced the official launch of EQS SUV production today, the first of its EQ line to be built entirely in the US. With a start of production and Mercedes’ Tuscaloosa assembly plant in Alabama, we expect to hear EQS SUV pricing soon as deliveries remain on track for later this year. With the recent signing of the Inflation Reduction Act, we wonder if the US-built electric SUV will qualify for federal tax credits under the new terms of the bill.
Expand Expanding CloseAs many legacy automakers join a slew of new and established EV manufacturers in committing to an all-electric future for passenger vehicles, the transition for consumers continues to rise. While we are still quite a ways away from a world of roads dominated by BEVs, the graph of this transition continues to trend upward. Below is where the US currently stands in total EV registrations, broken down state by state. We’ve also compared last year’s results to see how far your state has grown.
Expand Expanding CloseDirect current fast charger manufacturer Tritium has officially opened the doors of its new EV charger manufacturing facility in Lebanon, Tennessee – its first production footprint in the United States. With it, Tritium intends to bring over 500 new jobs to the state.
Expand Expanding CloseFoxconn has signed its first contract manufacturing agreement since acquiring a Ohio facility from Lordstown Motors. In addition to building EVs for Lordstown and Fisker Inc., Foxconn will now also be manufacturing advanced, driver optional electric tractors and battery packs for Monarch Tractors.
Expand Expanding Close