Economy

Republican Budget Cuts Threaten Clean Energy Surge, Risking Jobs and Higher Bills

Congressional Republicans are proposing significant budget cuts to clean energy investments, potentially reversing progress made by the Inflation Reduction Act (IRA). Despite $600 billion in private investments and over 117,000 new jobs from the IRA, future clean energy projects face uncertainty. Repeal

March 19, 2025

Clean Energy·Economics·Economy·Environment·Industry·Innovation·News·NIO·Politics·Science·Sustainability

New Hope for Clean Energy: Americans Push for a Greener Economy Amid Political Divides

A substantial majority of Americans support transitioning to clean energy by 2050, highlighting a shared goal for sustainability across political lines. Yale’s Climate Opinion study reveals that 66% of Americans endorse moving away from fossil fuels towards solar, wind, and water power.

March 18, 2025

Business·Charging·Charging Networks·Economy·Global Strategy·News·NIO·Sustainability·Technology·Workforce Development

Siemens Reshapes Its Workforce: A Strategic Pivot in the Face of Global Change

Siemens is undergoing a major transformation, reducing 6,000 positions worldwide, affecting its EV charging and factory automation sectors. The EV charging division will experience 450 job cuts, with 250 in Germany, due to strong price competition and limited growth in low-power chargers.

March 18, 2025

Business·Challenges·Clean Energy·Economics·Economy·Energy·Industry·Innovation·News·Policy·Politics

Republican Gambit: Defending Biden’s Clean Energy Tax Credits

Representative Andrew Garbarino from New York leads a Republican effort to preserve clean energy tax credits in the Inflation Reduction Act of 2022. These tax credits are presented as key for economic growth, innovation, and job creation, aligning with conservative values. Garbarino’s

March 18, 2025

Automotive·BYD·Economy·Ford·Global·Innovation·News·Nissan

The Dragon’s Drive: How Chinese Automakers are Revving Up the Global Market

Chinese car manufacturers like Great Wall Motors, BYD, Chery, and SAIC Motor are gaining significant market presence, challenging established Western brands. Tariffs from Canada and the EU haven’t stopped Chinese electric vehicles (EVs) from thriving in emerging markets hungry for affordable, reliable

March 18, 2025

Automotive·Cybertruck·Economy·Market Trends·Model 3·Model X·News·Rivian·Tesla

Tesla in Freefall: Why Used Tesla Prices Plummet and What It Means for the Brand

Used Tesla vehicles are depreciating rapidly, with a 7.26% drop over the past year, compared to 2.68% for the general market. The Tesla Model 3 has experienced an 11.5% decline in value, undermining its financial appeal. Despite the downturn, the Model X

March 17, 2025

Batteries·Battery Tech·Economy·EV Market·Lithium-ion·News·Regulation·Technology

Pushing the Nickel Frontier: Philippines Eyes India to Recharge Its Battery Strategy

The Philippines is the world’s second-largest producer of nickel, crucial for electric vehicle (EV) batteries. The nation aims to diversify its export market beyond China, targeting India as a strategic partner. India’s rapid adoption of EVs and focus on manufacturing self-sufficiency increases

March 17, 2025