Extreme weather conditions, whether excessively cold or hot, can significantly impact the range and charging capabilities of electric vehicles (EVs). In freezing temperatures, EVs can lose up to 41% of their battery capacity at 20 degrees Fahrenheit, with a large portion of energy consumed for cabin heating. Similarly, at 95 degrees Fahrenheit, EVs experience an …
Welcome to this week’s edition of Current Climate! Every Saturday, we bring you the latest news on sustainability in the business world. Make sure to sign up to receive it directly in your inbox each week. The transition of the auto industry from fossil fuels to electric power is picking up speed. However, this doesn’t …
Elon Musk experienced a significant decline in his fortune, losing $20.3 billion, after Tesla Inc. cautioned about potential price cuts for its electric vehicles. This news caused Tesla shares to plummet. This decrease brings Musk’s net worth down to $234.4 billion, making it the seventh-largest decline in the history of the Bloomberg Billionaires Index. It …
Tesla skeptics are voicing their concerns following the company’s impressive $500 billion rally this year. The primary challenge for Tesla in the next two years will be a surge in competition from rival automakers who are capitalizing on the increasing demand for electric vehicles. This challenge comes at a time when Elon Musk, Tesla’s CEO, …
Tesla, the renowned US automaker, made an exciting announcement on Saturday. The first-ever electric pickup truck, named Cybertruck, has successfully rolled off the assembly line at Tesla’s massive plant near Austin, Texas. The company took to Twitter to share the news, accompanied by a captivating photo of the futuristic silver vehicle surrounded by their hardworking …
Introducing the Current Climate, your weekly source for cutting-edge news on sustainability in business. Subscribe now to receive it directly in your inbox every Saturday. In recent news, Farmers Insurance has made the decision to withdraw from the state of Florida, potentially impacting up to 100,000 policyholders once their current terms are completed. This marks …
China’s BYD has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to establish a joint venture for electric cars and batteries in India. The proposal was made in partnership with Hyderabad-based Megha Engineering and Infrastructures. The plan includes the production of a full range of BYD-brand electric cars in India, from hatchbacks to …
Elon Musk recently revealed his new artificial intelligence company, xAI, with a unique mission to “understand the universe.” In a fascinating 90-minute Twitter Spaces audio chat, Musk delved into his vision for xAI while touching on topics like the Earth’s evolution and the fragility of civilization. With a hint of humor, Musk described xAI’s mission …
Twitter has gone through numerous changes under the leadership of Elon Musk since he took over in October of last year. Some of these changes include the introduction of a paid subscription and 2-factor authentication for paying customers. However, the company has now implemented a new change that could have a significant impact on users. …
This edition of Current Climate brings you the latest news in the world of sustainability. Sign up to receive it in your inbox every week. Anadolu Agency via Getty Images Over 100 million Americans are currently under air quality warnings due to the spread of wildfire smoke from Canada across the Midwest. Areas with the …