In an unexpected move, Brazil has recently proposed a “sin tax” on electric vehicles. Traditionally, sin taxes are levies placed on products considered harmful to society, such as tobacco and alcohol. The rationale behind extending this concept to electric vehicles is multifaceted and somewhat controversial. Rationale Behind the Tax 1. … [continued]
Good news keeps coming from the Carioca country. When EV sales skyrocketed in late 2023, there were fears this was a temporary increase because automakers were running to bring as many cars as possible to market before the tariffs kicked in this year. This wasn’t the case, and because the … [continued]
South America has a lot of sun and a lot of space, and solar energy has grown from a small player to the main driver of generation growth in several countries in the region (making their already clean grids even cleaner). Today we look at the grids of Chile, Brazil, and Colombia, all of which have already made solar a cornerstone of their generation or are working to do so in the near future.
China is well known as the world’s leading electric vehicle (EV) market. More than half of the world’s EV sales have occurred there in recent years. It is a standard of the rapid, uplifting EV revolution. In 2023, 25% of auto sales in China were sales of full electric vehicles. … [continued]
Ten years later, data gathered in Brazil have proven highly influential across atmospheric science: GoAmazon Looking out over the Amazon rainforest can seem like viewing a vast sea of trees. Its size, areas of relative isolation, and biodiversity make it a unique environment and natural laboratory. It is the closest … [continued]
In 2023, the world produced an estimated 101.8 million barrels per day (b/d) of petroleum and other liquids: mostly crude oil but also lease condensate, natural gas liquids, biofuels, and other liquids from hydrocarbon sources. We expect the global petroleum and other liquids supply to increase by about 0.4 million … [continued]
M4E Lithium secured a $7.5M to $10M funding from industry leading Lithium Royalty Corp. (“LRC”) and the Electrification and Decarbonization fund managed by Waratah Capital Advisors (founder of LRC) The financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement (with a buyback … [continued]
A bloodbath is coming. The exact timeline we don’t know, not yet at least. But the omens are here already with the Chinese market slowing down and the Chinese EV industry reaping the fruit of early investments, massive economies of scale, and near total control over battery supply chains. After … [continued]
After the first part of our report (which, admittedly, was a bit underwhelming), we’re finally getting to the countries where EVs are moving fast! If you wish to read the first part of this report, you can find it here: Latin America 2023 EV Sales Report, Part 1: The Laggards (Argentina, … [continued]
By Daniel Morris, Clean Energy Lead, Climate Investment Funds (CIF), and Francisco Boshell, Head of Innovation and End-Use Applications, International Renewable Energy Agency (IRENA) Our world has a storage problem. As the technology for generating renewable energy has advanced at breakneck pace—almost tripling globally between 2011 and 2022—one thing has … [continued]
