Foxconn’s entry into the American electric vehicle space opens the door for one of the world’s biggest contract manufacturers to grab a foothold in a growing global business.
Why it matters: Automakers — both traditional companies and startups — have largely dominated EV manufacturing until now, cornering an emerging market viewed as crucial to their survival.
A wide range of extreme weather is on tap for the West beginning on Thursday and lasting through Saturday, which could include record heat, high winds, dangerous fire weather conditions and even a major snowstorm.
The big picture: An intense cold front and storm system dives southeastward across the Rockies, bringing a potentially historic May snowstorm to the Colorado foothills and mountains, while aggravating wildfire conditions prior to its arrival.
Two new climate attribution studies underline the growing role human-caused climate change plays in worsening extreme weather events.
Driving the news: The first study, out Wednesday from the U.K. Met Office, shows that climate change has already made the stifling and record heat seen this spring in northern India and Pakistan 100 times more likely to occur.
Electric vehicles displaced roughly 1.5 million barrels per day of oil last year, new analysis shows, an amount slated to grow as EV sales keep rising.
Why it matters: The new estimates from the research firm BloombergNEF help to show EVs are shedding their status as a niche climate technology.
The United Nations is leading early discussions on forming a new global coalition to boost battery storage as part of a wider clean energy platform, Axios has learned.
Driving the news: UN Secretary-General António Guterres laid out a five-point plan Wednesday morning to dramatically scale up renewable energy use worldwide, including tackling thorny technology sharing issues between the industrialized world and developed nations.
Key data released Wednesday underscores how swiftly human activities are reshaping the climate.
Why it matters: The “State of the Climate” report from the World Meteorological Organization (WMO) is a stark reminder for policymakers and business leaders that if the world continues on its current course, climate impacts will escalate in severity and scope.
