electric cars

Spanish economy 21st April 2022

Copying The Portuguese Regulated Electricity Tariff System In Spain Would Reduce The Price By 40%, According To The Chairman Of Iberdrola

The chairman of Iberdrola, Ignacio Sánchez Galán, yesterday called for a modification of the regulated electricity tariff (PVPC): “We have a differential element which is the design of our regulated tariff, unique in Europe. If a design similar to that of other countries is made, the regulated tariff, which only affects ten percent of the energy consumed in Spain, could fall by between 30% and 40%”, he told the media…

World economy 18th April 2022

Electric Vehicles Already Account For 9% Of Global Sales

The Santander analysts review the electric car market and explain that “Delivery times for the main models in Europe have increased considerably. The Renault Zoe and Twingo Electric are no longer sold in Germany because delivery times are too long. The waiting time for an Audi Q4 e-tron is now 18 months. This also explains the current success of Stellantis Electric Vehicles in Europe, where their lead times are shorter…

Spanish economy 5th August 2021

Stellantis, The Only Manufacturer Producing 100% Electric Cars At All Three Spanish Plants

ICEX- Invest in Spain | Stellantis is the only manufacturer that produces 100% electric cars at each of its three Spanish plants: Peugeot e-2008 (Vigo), Citroën ë-C4 (Madrid) and Opel Corsa-e (Zaragoza). With more than six decades of experience in the production of commercial vehicles and a pioneer in the field of electric mobility, the Italian-French-United States international automotive group has now launched a new generation of 100% electric commercial and multipurpose vehicles, produced in Vigo.

Spanish economy 16th July 2021

The Automotive Sector Becomes The Target Of The First Spanish Strategic Plan For Economic Recovery

This week, the recovery plan was presented in Parliament, to which, over the next three years, nearly €50,000 million will be allocated. Among the investments of the ten main projects presented, more than €13.2 billion will be earmarked for sustainable mobility and electric cars, making the automotive sector the target of this first strategic plan for economic recovery and transformation (PERTE). This plan will be aimed at encouraging the installation of recharging points (deploying at least 80,000 to 110,000 new recharging points) and the purchase of electric vehicles (reaching 250,000 electric vehicles by 2023 to achieve the target of 5 million electric vehicles by 2023).

Relevant News Item 9th May 2021

‘Electric Car Production To Grow To 145 Million By 2030’

European Views | The number of electric vehicles plying the road is projected to jump to 145 million over the next nine years if governments globally continue to beef up efforts to meet international energy and climate goals. ccording to a report by CNBC citing the International Energy Agency’s Global Electric Vehicle Outlook, the number was even expected to rise further to 230 million by the end of the decade.

Iberdrola will sign a global agreement with Nissan to promote electric cars

Ibex, Markets, Spanish economy 8th March 2021

Iberdrola And Seat Team Up With The Government To Build The First Electric Battery Plant In Spain

Iberdrola has agreed a public-private partnership with Seat and the Spanish government to build a battery factory for the electric car in Catalonia, specifically in the city of Martorell, where the automaker has its factory. However, this alliance could be open to other partners. The sources quoted in some media suggest that the investment would be around €6.8 Bn and that the project is likely to receive part of the resources from the European recovery fund.

In the World, World economy 17th January 2021

The Supercharged Sentiment Driving Tesla

Rob Hansen ( Vontobel AM) | Tesla was one of the highest-flying stocks in 2020. While optimism about the future of electric vehicles (EVs) is understandable, Tesla’s current valuation reflects aggressive assumptions about its dominance of the electric vehicle market and its array of ancillary businesses.

European economy 9th September 2020

For The First Time Since 2015, More Electric Vehicles Were Sold In Europe In July Than In China

Santander Corporate & Investment | Global sales of electric cars and plug-in hybrid electric vehicles increased 72% annually and 5% monthly to 253,000 units in July (the 4th best monthly figure in history). Europe recorded remarkable growth (199% in yearly terms and 22% monthly), due to incentives and requirements to cut average emissions in the EU. Meanwhile there was a slight recovery in China (+44% on a yoy basis, but -5% monthly). Germany, France and the UK made the largest contributions to sales growth.

World economy 8th September 2020

Oil Demand: Down But Not Yet Out

It will take three years for global oil demand to recover from Covid to its new normal assuming we have a vaccine or a cure. According to estimates from BoA Global Research, long term oil demand will peak at 105 million barrel/day by 2030 on electric car proliferation, and then decline to 95 mn bd by 2050. If heavy vehicles also switch to alternative fuel, electric or more likely hydrogen, demand could drop to 76 mnb/d by 2050.

World economy 17th February 2020

How Europe’s Tech Sector Is Hiding In Plain Sight

Europe’s tech sector has long been overshadowed by the “superstar” tech firms in the US and Asia. Arguably no tech stock in Europe is a household name, certainly not one with the instant recognition of Apple, Samsung, Microsoft or Google. Nokia once came close when it was famed for its handsets. It lives on, albeit as a less conspicuous networks provider.

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