Car designer Henrik Fisker this week raised more than $1 billion for his namesake electric car company, but unlike other electric vehicle entrepreneurs attracting capital recently, making cars is not part of his plan.
Why it matters: In an industry ripe for reinvention, Fisker's aim is to become the Apple of the automotive world — a fabless manufacturer that designs and markets cool cars but farms out the production to others, avoiding the huge capital outlays and manufacturing pitfalls that have dogged Tesla for a decade.
Increased working from home and use of e-commerce will be "powerful and enduring" in the U.S. — potentially enough to reduce auto miles traveled by up to 9% going forward, according to a new KPMG analysis.
Why it matters: The behavioral changes that stick around once the coronavirus crisis passes will affect power use, driving levels and oil demand — with repercussions for all those industries.
An International Energy Agency analysis finds that remote work produces net energy savings in households that otherwise commute by car, because the drop in motor fuel use outweighs increased residential energy needs.
Why it matters: It's one thing that will influence carbon emissions levels going forward. "[F]or people who commute by car, working from home is likely to reduce their carbon dioxide (CO2) footprint if their journey to work is greater than about 6 kilometers," they note.
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