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Responding to increasingly common extreme weather is a vast undertaking that many state transportation departments are only beginning to tackle.
How has President Biden’s first 100 days in office helped us as we continue through this resilience decade? What’s the very early scorecard on climate change risk disclosures and the financial markets?
U.S. Treasury Secretary Janet Yellen on Wednesday released details of a tax hike proposal that would replace subsidies for fossil fuel companies with incentives for production of clean energy in President Joe Biden’s infrastructure plan.
As automakers like General Motors, Volkswagen and Ford Motor make bold promises about transitioning to an electrified, emission-free future, one thing is becoming obvious: They will need a lot of batteries.
In the past few weeks, conventional cars have been put on the endangered list. The electric carmaker Tesla turned its first full-year profit in its history. News broke that Hyundai has been negotiating with Apple to manufacture a driverless car. Start-ups like Rivian and Lucid are racing ahead with entirely novel ways to make vehicles. And General Motors said that by 2035, it would stop selling gasoline-powered cars.
Building electric cars, and repairing them, will require a huge change for the industry and usher in a new automotive era. Taking a cue from its Swedish colleagues at Volvo and the pragmatic views of automotive product planners worldwide, General Motors roiled the international automobile industry last week by proclaiming that all its cars will go pure electric by 2035.
Toyota, Fiat Chrysler and several other major automakers said Tuesday they would no longer try to block California from setting its own strict fuel-economy standards, signaling that the auto industry is ready to work with President Biden on his largest effort to reduce greenhouse gas emissions.
Beneath a banner proclaiming “Zero Crashes, Zero Emissions, Zero Congestion,” General Motors’ CEO Mary Barra announced her company’s plan to produce 100 percent electric vehicles by 2035, the most sweeping overhaul of any major global automaker in the history of the industry.