The US is expected to add a record-setting 33 gigawatts (GW) of solar capacity in 2023, according to a new report, but 2024 will bring challenges to the industry.
The Solar Energy Industries Association (SEIA) and Wood Mackenzie released their latest report, “US Solar Market Insight Q4 2023,” in which they report that third-quarter (Q3) additions of new solar totaled 6.5 gigawatts (GW) – a…
Quick Charge Podcast: December 6, 2023
December 7, 2023
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on…
Brightline West, a future electric high-speed rail line between Las Vegas and Los Angeles, is being awarded $3 billion by the Biden administration.
The $3 billion in funding, part of $6 billion previously earmarked for high-speed rail, has come from the Biden…
Volvo sells first EX30 electric SUV models in November
December 7, 2023
Volvo began selling what could be its most important vehicle to date last month. In November, Volvo sold the first EX30 model, its cheapest and smallest vehicle yet.
Volvo sells first EX30 EVs in November
In June, the Swedish automaker revealed the new EV aimed at a market it’s not known for. The EX30 (Check out our review here) targets younger buyers with a zippy, fun ride and Volvo’s…
If you’ve tried out at least a few of the text-to-image AI art generation services that have launched in the past few years, such as Midjourney or OpenAI’s various versions of DALL-E, you have likely noticed some commonalities. Chief among them: all pretty much resemble…
On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the…
Report: Kenyan Parliament Committee Approves Bill Proposing to Widen Definition of Securities to Include Crypto
December 7, 2023
A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies. The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users who realize a capital gain from the sale of their crypto assets.
Bill Just Two Readings Away From Presidential Assent
A Kenyan parliamentary committee…
As bitcoin’s price hovers between $43,950 and $44,150, a nuanced examination of its oscillators and moving averages reveals a complex picture of its market movements. Despite a bullish run in its 24-hour trading range, oscillators signal caution.
Bitcoin
Bitcoin’s (BTC)…
Comparing Peaks: Bitcoin Hits 20-Month High, Other Cryptos Still Strive for Past Glories
December 7, 2023
As bitcoin’s value soared to heights last witnessed on April 6, 2022, a multitude of crypto assets have also reaped benefits from the surge of the premier cryptocurrency. Yet, despite a significant number of these digital currencies experiencing substantial increases…
Stellantis CEO says EVs need to be affordable but profitable
December 6, 2023
Stellantis CEO Carlos Tavares, the leader behind brands including Jeep, Ram, Dodge, Fiat, and several others, has a warning for other automakers. Tavares said EVs must be affordable but profitable, or they will be “in trouble very, very soon.”
To attract middle-class shoppers, lower EV prices are needed. “You can only solve this if you reduce cost,” Tavares said at the Goldman Sach…
