The automaker said in a presentation for investors Wednesday that it will add about US$8 billion to its EV development spending from this year to 2025.
The expected uptake of electric vehicles and stricter measures world-wide to reduce greenhouse gas emissions are the top reasons why a climate-focused research group is calling on governments not to invest any more money in Alberta's oil sector.
The Alberta government is rebuffing an influential International Energy Agency plan to reach net-zero carbon pollution as an “unreasonable” and “unfeasible” proposal “driven by activists.”
Budget 2021 leaves billions of subsidies to fossil fuels and the construction of Trans Mountain as a publicly owned pipeline, plus approvals for new exploration for oil and gas, in place, writes MP and former Green Party leader Elizabeth May.
Public health research has shown that climate change is amplifying the health disparities that poorer people already face as a result of social conditions, like substandard housing or jobs with poor working conditions.
Driven by GM, Tesla, and the Biden administration, the U.S. is now poised to press ahead in the transformation to electric vehicles. Big challenges still loom, but technological advances, government support, and growing consumer appeal will drive the inevitable switch to EVs.
A Montreal-area electric vehicle maker says the $100-million investment from Ottawa and Quebec announced Monday for a battery pack assembly plant will help make its fleet less expensive.
“I do see challenges, particularly in the winter when snowplows would likely damage the cable when they run over them on the sidewalk,” says the head of the Electric Vehicle Council of Ottawa.