Electric cars

    • Austria ups incentives for electric cars buyers

      Austria ups incentives for electric cars buyers

      Austria will boost financial incentives for buying battery-powered cars, and triple grants for charging points from July in its efforts to fight global warming, the economy minister said on Monday cited by the news wires. From Wednesday on, electric car buyers will get 5,000 euros in support, up from 3,000 euros, Leonore Gewessler told a news conference.

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    • EU could run out of oil in a decade

      EU could run out of oil in a decade

      The world could reach “peak oil” sooner than expected and that may be a problem for Europe. The moment global oil production reaches its highest point was expected to be around 2030, but Norwegian researchers from the Rystad Energy consultancy say it could occur in 2027 or 2028. As a result, the EU could suffer an oil shortage within a decade, with supply drying up faster than the demand for fossil fuels, according to climate think tank The Shift Project.

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    • VW postpones decision on Eastern European plant

      VW postpones decision on Eastern European plant

      The German manufacturer Volkswagen announced this Monday that it has postponed its decision on where to build its new multibrand assembly factory in Eastern Europe, where some of the German group’s car models would be produced. Still, the group, has been given the greenlight by the Board of Supervisors of the project and its management to start final talks with the contenders for the investment, which is being estimated at approximately €1bn.

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    • Mercedes to go fully 'carbon-neutral' by 2039

      Mercedes to go fully 'carbon-neutral' by 2039

      German giant Mercedes-Benz this week announced plans to stop selling traditional combustion engine cars by 2039 and make all of its new vehicles sold worldwide by that time carbon-neutral. In additon, the company also pledges to lean on wind power and other forms of clean energy in the future to make its vast manufacturing operations cleaner.

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