The oil, gas and chemicals industry shed 107,000 U.S. jobs in March–August as the pandemic hit prices and the wider economy, marking the fastest rate of layoffs in industry history, Deloitte analysts said.
Why it matters: Their new report released Monday warns that the sector's employment may remain depressed for a long time.
Electric cars get lots of attention but an analysis provides sobering numbers that show why EVs are not, as the authors say, a "silver bullet" for wringing emissions out of passenger travel.
EPA is making its opening moves against California's plan to phase out sales of new gasoline-powered cars by 2035 — the latest front in the battle between the White House and the state over climate policy.
Driving the news: Via The Wall Street Journal, EPA boss Andrew Wheeler sent California Gov. Gavin Newsom a letter attacking the plan and arguing it would require EPA approval.
Electric vehicle sales have taken off over the last decade, and full electrics have overtaken plug-in hybrids over the last five years, according to the Energy Department's handy transportation "fact of the week" series.
Why it matters: Electric vehicles are growing, but still represent a tiny share of the roughly 17 million-plus passenger vehicles sold annually in the U.S. (a number dropping this year because of the pandemic).
Polaris plans to electrify its popular lineup of off-road vehicles and snowmobiles through a new 10-year technology partnership with Zero Motorcycles.
Why it matters: People who want to enjoy the Great Outdoors don't have to worry about polluting the environment or disturbing the wilderness when they're riding on a nearly-silent, zero-emission machine.
Gasoline-powered cars may be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today.
The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to electric vehicles, slow to materialize at first, is now accelerating due to tightening government policies, falling costs and a societal reckoning about climate change.
Recurrent, a new Seattle-based startup, aims to answer the most commonly asked question by people considering a used electric vehicle: "How much battery life is left?"
Why it matters: You can get a decent idea of how long a traditional used car will last by knowing how many miles are on the odometer. But longevity in an electric vehicle is harder to predict and depends on many factors, including how and where the vehicle was driven and the battery's charging history.
The fate of California's aggressive moves to wring carbon emissions out of transportation could depend heavily on the election and the shape of the Supreme Court.
Why it matters: California is the country's largest auto market and transportation is the country's largest source of CO2.
Shares of little-known SPI Energy Co. jumped by as much as 4,000% on Wednesday, rising from around $1 to as high as $46.67.
What happened: SPI announced it was launching a unit to design and develop electric vehicles and charging solutions called EdisonFuture — a nod to electric vehicle companies Nikola and Tesla, which are both named after Nikola Tesla, a rival of Thomas Edison.
California Gov. Gavin Newsom is issuing an executive order that seeks to eliminate sales of new gasoline-powered cars in his state by 2035, a move the White House said President Trump "won't stand for."
Why it matters: California is the largest auto market in the U.S., and transportation is the biggest source of carbon emissions in the state and nationwide.