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Alternative and sustainable energy

View shift to zero-emission mobility as a marathon: Mercedes-Benz CEO

A Mercedes-Benz EQA photographed in Berlin on Jan. 20, 2021.Sean Gallup | Getty Images News | Getty ImagesThe shift to zero-emission mobility should be viewed as a marathon not a sprint, according to the CEO of Germany's Mercedes-Benz.Speaking to "Squawk Box Europe," Ola Kallenius sought to highlight the huge challenge facing the automotive industry in the years ahead as it shifts its focus toward electric vehicles (ESs)."I think we have to realize that the transition to zero-emission driving is really a marathon, and I…

India’s Tata Group to build $5 billion gigafactory in the UK

A Tata Motors concept EV on show at the India Auto Expo 2023 on Jan. 12, 2023.Anindito Mukherjee | Bloomberg | Getty ImagesThe Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian conglomerate set to invest more than £4 billion (around $5.17 billion) in the project.The news represents a significant boost for the U.K.'s plans to secure its own supply of EV batteries as it looks to move away from vehicles that use gasoline and diesel.In a statement Wednesday, the…

Why the EV boom could put a major strain on our power grid

Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles. That could put a major strain on our nation's electric grid, an aging system built for a world that runs on fossil fuels.Domestic electricity demand in 2022 is expected to increase up to 18% by 2030 and 38% by 2035, according to an analysis by the Rapid Energy Policy Evaluation and Analysis Toolkit, or REPEAT, an energy policy project out of Princeton University. That's a big change over the roughly 5% increase we saw in the past…

How Ford, GM auto dealers are thinking about Detroit’s EV future

Ford Mustang Mach-E vehicles at a Ford dealership in Colma, California, on July 22, 2022.Bloomberg | Getty ImagesAfter a home, buying a car is the most expensive purchase most consumers will ever make during their lifetime. The transition to electric vehicles by major auto makers is likely to make the process a little more stressful, at least in the early days of the EV era when many consumers are still under-informed on EV basics. If consumers are to be sold on the mass adoption of battery-powered electric vehicles, car…

What to know about buying a used EV as more hit the car market

A 2019 pre-owned Nissan Leaf SV on the lot in 2022 during the chip shortage that depleted stock of new auto inventory.Boston Globe | Boston Globe | Getty ImagesAffordable EVs have been on sale in the U.S. well over a decade and the data analytics company Experian says about 2.2 million were on the road at the end of last year. Electric vehicle sales keep growing, too. As recently as 2021, total battery-powered electric vehicle sales in the U.S. were under 450,000, but Kelley Blue Book says sales surpassed 800,000 in 2022…

Hertz is going electric, with big implications for EV and auto market

Tesla Model 3 electric vehicles at a Hertz neighborhood location.HertzConsumers may be on the fence about whether it's yet time to buy EVs, but car-rental giant Hertz Global Holdings has made the leap.Markets boosted shares of Estero, Fla.-based Hertz after its recent earnings report, as first-quarter revenue hit $2 billion and per-share earnings of 39 cents handily beat forecasts of 21 cents a share. But behind the short-term numbers is the company's long-term adjustment to big changes in transportation, tourism and…

How Hyundai plans to become a top global EV maker by 2030

A presenter stand next to Hyundai's all-electric SUV 'IONIQ 5' during its launch at the Auto Expo 2023 on January 11, 2023 in Greater Noida, India.Ajay Aggarwal | Hindustan Times | Getty ImagesSouth Korean automaker Hyundai Motor Company is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.The automaker is investing heavily in research and development, building new plants and platforms as well as expanding EV lines and production capacity."We…

Einride: 2023 CNBC Disruptor 50

Founders: Robert Falck (CEO), Linnéa Kornehed-Falck, Filip LiljaLaunched: 2016Headquarters: Stockholm, SwedenFunding: $652.3 millionValuation: N/AKey technologies: Artificial intelligence, autonomous vehicles, machine learningIndustry: AutomotivePrevious appearances on Disruptor 50 List: 0Just as electric vehicles are gaining popularity among consumers, so too are they catching on in the commercial trucking realm. In a quest to reduce carbon footprints and curb air pollution, the transport industry is in the early stages…

Sila: 2023 CNBC Disruptor 50

Founders: Gene Berdichevsky (CEO), Gleb Yushin, Alex JacobsLaunched: 2011Headquarters: Alameda, CaliforniaFunding: $930 millionValuation: N/AKey technologies: NanotechnologyIndustry: AutomotivePrevious appearances on Disruptor 50 List: 1 (No. 34 in 2021)As the electric vehicle fast becomes the future for major automakers, critical elements including lithium are poised to be the equivalent of new oils.Elon Musk has been saying for years that if there's any business a smart entrepreneur should get into, it's lithium…

Auto giants set their sights on a new growth market for EVs: India

The NH48 highway in India. The country's electric car sector is small compared to other major economies like China and the U.S.Sw Photography | Digitalvision | Getty ImagesWith a huge population, military and economy, India is viewed by many as country whose influence could grow significantly as the 21st century progresses.When it comes to electric cars, however, the country is playing a game of catch up.That's because while China, Europe and the U.S. have become hubs for the purchase of electric cars — over 50% of those…