Tag: AND V
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Manchin threatens to sue US Treasury over EV tax credit rules
WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chairman Joe Manchin said on Wednesday he could go to court after the US Treasury Department released guidelines on battery procurement for electric vehicle tax credits later this week. “If it goes off the rails” and goes against the intent of climate legislation passed in August, “I […]
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EU countries approve the phasing out of CO2-emitting cars by 2035
BRUSSELS, March 28 (Reuters) – European Union countries on Tuesday gave final approval to a landmark law to end sales of new CO2-emitting cars by 2035, after Germany granted an exemption for cars running on e-fuels . The approval of EU countries’ energy ministers means Europe’s key automotive climate policy can now come into effect […]
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US and Japan sign trade deal on battery minerals for electric vehicles
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]
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Exclusive: EU drafts plan to allow electric cars with combustion engine
Brussels proposes an exception for electric fuel cars from 2035 Germany is still examining EU draft proposal Berlin sees the technological state as problematic Goal to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new combustion engine cars after 2035 […]
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Exclusive: U.S. solar panel imports from China are on the rise, easing the gridlock, officials say
March 6 (Reuters) – US solar panel imports are finally picking up after months of stalemate due to the implementation of a new law banning goods made with forced labour, according to two Chinese solar companies. A White House official confirmed the thaw in shipments at an energy conference on Monday, attributing it to clearer […]
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China leans on coal amid energy security
State planner says to increase coal production Sees coal ‘supporting’ renewable energy expansion Calls for controls on replacing coal with gas Indicates that higher gas prices are coming for urban users BEIJING, March 5 (Reuters) – China’s state planner on Sunday underscored a greater role for coal in its power supply, saying the fossil fuel […]
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Mexican president gives green light for Tesla plant in northern Mexico
MEXICO CITY, Feb. 28 (Reuters) – Electric vehicle manufacturer Tesla Inc. (TSLA.O) will build a new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said Tuesday, allaying concerns his administration could block the deal over water shortages. The news gives a boost to Mexico, which is working to establish itself […]
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Mexico and Tesla close investment deal after president calls – sources
MEXICO CITY, Feb. 27 (Reuters) – Mexico and Tesla Inc (TSLA.O) are about to announce a deal on the electric vehicle maker’s plans to invest in Mexico after President Andres Manuel Lopez Obrador and Tesla Chief Executive Elon Musk spoke on Monday, Mexican officials said. Lopez Obrador previously revealed he would talk to Tesla’s “owner,” […]
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‘No excuse’: IEA tells energy companies if methane emissions rise
LONDON, Feb. 21 (Reuters) – The fossil fuel industry is failing to address methane emissions despite its commitments to expose and repair leaking infrastructure, according to a report from the International Energy Agency (IEA) published Tuesday. In 2022, the global energy industry released about 135 million tons of methane into the atmosphere – a potent […]
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EU carbon reaches €100, pushing the cost of pollution to a record high
The EU achieved reforms at the end of last year The April deadline for submitting permits drove buying Shift from Russian gas to coal added to demand LONDON, Feb. 21 (Reuters) – The price of permits in the European Union’s carbon market hit 100 euros ($106.57) per tonne for the first time on Tuesday, a […]