India may appear to be stalling on climate goals, having fought to maintain coal use at the COP26 summit.
🚗 But it is successfully building awareness about electric vehicles trib.al/m5x7IDu
In Glasgow, India unveiled a government-run portal — E-Amrit — that’s a one-stop shop for all your EV questions.
From subsidies for drivers and manufacturers to charging facility locations and financing options, the goal is to boost consumer knowledge trib.al/xhYCkxw
⚡️🚗 This will shape the EV adoption story globally.
The more drivers know about their options — and the more governments can address worries about how far EVs can travel — the less likely they are to resort to old, fossil-fuel driven habits trib.al/xhYCkxw
There’s plenty of information about EVs on the internet.
But relying on various reviews, news articles and disparate sources isn’t the clearest or easiest mode of getting details.
This education campaign has the chance to make a big difference trib.al/xhYCkxw
For several emerging economies, the market is dominated by two-wheelers.
➡️ Scooters and motorcycles comprise three-quarters of vehicles
➡️ Cars and SUVs make up only 13%
⚡️ Two-wheelers lower the bar for the central challenge to EVs: batteries trib.al/xhYCkxw
Electrification may first bring to mind Tesla and Elon Musk’s big goals for operating in India.
But globally, a lack of public awareness has been a huge hurdle to adoption and campaigns to promote EV visibility have had significant success trib.al/xhYCkxw
🚘 Drivers need to know how they can play their part.
Some surveys have shown that even those who have gone electric can have misconceptions, showing how deep misinformation can run trib.al/xhYCkxw
It’s not just about making the technology available, but equipping potential buyers with the tools to make informed decisions.
In India, where a significant portion of oil consumption goes to motor fuel, this education campaign can make a big difference trib.al/xhYCkxw
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$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.
Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.
So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8