Business, Fuel

BP Keen to Buy Tesla Supercharging Sites for US Expansion

BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.

Tope Alake | Bloomberg News
May 9, 2024
Government, Business, Fuel

Energy Researcher: Peak Oil Won’t Happen Before 2030

Global oil demand won’t peak before the end of this decade due to underwhelming fuel economy standards and slowing adoption of electric vehicles in the U.S., energy researcher Enverus says.

Tope Alake | Bloomberg News
April 10, 2024
Business, Technology, Equipment

Range Energy Raises $23.5 Million in New Financing

Electric trailer startup Range Energy raised $23.5 million in new financing as it seeks to take advantage of government incentives for decarbonizing transportation.

Tope Alake | Bloomberg News
February 28, 2024
Business, Technology, Safety, Fuel

Wireless Charging for EVs Is Inching Closer to Reality

Multiple startups have spent years working toward a world in which wireless EV charging goes mainstream, and as adoption picks up, momentum is building to make that dream a reality.

Tope Alake | Bloomberg News
February 23, 2024
Government, Business, Technology, Fuel

Hydrogen Company Plug Power Closes In on $1.6 Billion Loan

Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the U.S. Energy Department.

Tope Alake | Bloomberg News
January 23, 2024
Business, Technology

LG Electronics Opens First US EV Charger Factory in Texas

LG Electronics Inc. on Jan. 12 opened its first EV charger factory outside of South Korea — in Forth Worth, Texas — as the company targets the North American market.

Tope Alake | Bloomberg News
January 12, 2024
Business, Technology, Equipment, Safety

Goodyear Unveils Plans for Sustainable EV Tires at CES

The Goodyear Tire & Rubber Co. is developing a product for electric vehicles that it says will bolster their competitiveness against gas-powered vehicles by extending tire duration.

Tope Alake | Bloomberg News
January 9, 2024