General Motors’ CEO Mary Barra has claimed that the company will soon be profitable with electric vehicles, but skeptics question the timeline. GM has already invested tens of billions into EVs, but similar to Ford, which lost $100,000 per EV last year, GM is unlikely to see profits soon unless they reduce production costs, particularly…
GM may have a better chance of success in the EV market than Ford, according to some analysts. Ford, already deep into the EV business with its F-150 Lightning and Mustang Mach-E models — plus a van, the E-Transit — holds a branding advantage, despite losing $100,000 per EV sold. But GM has more models…
Hurricane Milton, a Category 5 storm that barreled into Florida at a still-strong Category 3, is likely to have caused $175 billion in damage along the state’s west coast. The rapid intensification of storms like Milton, fueled by increasingly warm Gulf waters — which have reached 90 degrees — highlights the growing threat of these…
Hurricane Milton underscores a growing safety concern for electric vehicles (EVs) in flood zones — that when they are submerged in saltwater, as might happen during major hurricanes with severe storm surges, their batteries risk catching fire and/or exploding. As hurricanes become stronger, this issue will likely intensify for coastal residents, prompting either a solution…
Green energy projects, such as wind and solar, are now receiving more affordable financing due to recent Federal Reserve interest rate cuts and increased demand for clean energy. Utilities are shifting away from fossil fuels, while growing energy demands from industries such as Bitcoin mining and AI are further boosting the sector’s prospects.
Hurricane Milton is expected to have damaged or destroyed up to 500,000 homes in Florida, with replacement costs reaching $85 billion, according to CoreLogic. Most of the affected homes are located in the Tampa area and nearby regions where nearly four million people live.
A new International Energy Agency report reveals that the world will fall short of its renewable energy target for 2030, achieving only 2.7 times growth instead of the projected three times. Meanwhile, with energy demand set to increase, driven in part by AI and Bitcoin mining, reliance on fossil fuels like coal and oil will…
Hurricane Milton is expected to cause more than just structural damage in Florida because the storm will likely impact areas with oil and chemical storage facilities, posing a severe environmental threat. Flooding or wind damage could cause dangerous chemicals to leak, contaminating the soil and air. Some of these substances, known as “forever chemicals,” have…
As oil prices rise toward $100 a barrel due to Middle East conflicts, the cost of gasoline and fossil fuel products are increasing, potentially driving more people toward electric vehicles and renewable energy sources. The environmental benefit is clear: higher oil prices often lead to greater adoption of clean energy alternatives such as wind and…
Fast-approaching Hurricane Milton is expected to devastate Florida’s citrus-growing regions, which supply more than half of the U.S.’s oranges. As a result, orange juice prices are predicted to rise significantly for the remainder of the year and into 2025 due to the expected crop shortage. This situation highlights the broader impact of climate change on…
Bill Gates, the mega-rich co-founder of Microsoft, has made a significant investment in a wind energy startup that focuses on smaller, more resilient turbines. This marks Gates’ second major alternative energy investment this year, following a prior commitment to a nuclear power company developing compact reactors. Gates’ bet on clean energy comes as electricity demand,…
The Tampa area’s booming housing market, which has seen prices double over the last 30 years, is about to face a major setback as Hurricane Milton is expected to destroy hundreds, if not thousands, of homes. This could make the city less desirable for future residents, leading to a decline in property demand and, therefore,…
A recent study highlights that even with used electric vehicles priced at 50% below new models, buyers remain hesitant. This reluctance stems from range anxiety, the lack of reliable charging stations and the faster tire wear common in EVs. Cold weather also affects battery efficiency, especially in northern states, where EVs may only hold 70%…
Hurricane Milton is projected to cause at least $175 billion in damage when it hits Florida’s west coast on Wednesday night, adding to the state’s recent history of costly storms like September’s Helene and 2022’s Ian. Major cities, central Florida’s agriculture and Orlando’s theme parks are expected to suffer significant damage. And with storm surges…
Hurricane Milton, a Category 5 megastorm, is projected to hit Tampa on Wednesday and then sweep across central Florida. In its path is Orlando, home to Universal Studios. With expected 150 mph winds and torrential rain, the storm could force the theme park, which serves 25,000 visitors daily, to close for an extended period to…
Tampa’s solid $200 billion GDP economic base faces a dire threat from Hurricane Milton, which is expected to make landfall as a possible Category 5 storm early on Wednesday afternoon. The city’s economy, which relies heavily on the trio of tourism, healthcare and financial services, could experience prolonged disruption, with businesses potentially closed for weeks…
Oil prices are rising fast due to the escalating conflict in the Middle East, with current costs approaching $80 per barrel and possibly reaching $90. Historically, higher oil prices, as seen after Russia invaded Ukraine, drive up gasoline and other fuel prices, leading more consumers and businesses to adopt electric vehicles (EVs) and clean energy…
The Gulf of Mexico’s water temperature has reached 86 degrees, a phenomenon that is fueling wild weather events such as the current Category 5-plus Hurricane Milton. More violent and frequent storms in the region are due to the Gulf having warmed at twice the rate of other large bodies of water since 1970, raising concerns…
As demonstrated by superstrong Hurricanes Milton and Helene, hurricane season is far from over. With its official end on November 30, the global warming-fueled weather woes have ramped up again as superheated Gulf waters, currently at 86 degrees, are revving up these powerful weather systems, a trend that could extend past the official end date.
Antarctica, long too cold for human habitation, is warming up enough that some believe it could become livable in the future. While this highlights the dangers of rising sea levels and environmental damage, it also presents a potential solution for climate migration. As some areas of the world, such as India, become uninhabitable due to…
China’s BYD, the world’s biggest EV manufacturer, has just introduced a $10,000 electric auto, the Seagull, a move that poses a big threat to American and European car manufacturers. At present, 100% tariffs are preventing the modestly priced model, which has garnered rave reviews, from entering the U.S. market; however, given its price, it would…
