Fuel too pricey? Go electric, says S.African scooter firm
15 June 2022 | 5:11 pm
With fuel price inflation causing such alarm in South Africa that the government and central bank have been taking action to soften the impact on consumers, Fezile Dhlamini proposes an alternative solution.
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Nigerian President Bola Tinubu has defended his decision to stop fuel subsidies after the end of June and asked for patience. This comes at a time when Nigerians are already struggling to cope with record unemployment and poverty and inflation has hit an 18-year high.
Nigeria's President Bola Tinubu has told the country that ending a long-standing fuel subsidy was a painful necessity. But the knock-on effects of the move are having a great impact on Nigerians' everyday lives.
As big energy companies make record profits and expand production of climate-wrecking fossil fuels, activists are appealing directly to shareholders to demand rapid emission cuts.
Nigeria's fuel subsidy kept petrol prices low but also drained billions from government coffers. Now it has been removed, small businesses - which largely rely on generators - are feeling the squeeze.
The first 100% electric public transport vehicle has been operating for eight months in Cape Verde. Since 2020, the island nation is promoting electric mobility with help from Germany.
As EV sales have soared, the tire industry has innovated its products to fit the needs of the relatively heavy, efficient and silent cars. But there is one problem the industry is struggling to crack.
The removal of fuel subsidy and subsequent increase in fuel price from about NGN180 to NGN500 in June by the current administration hit businesses and individuals across Nigeria in no small measure. But as of today, prices of fuel have taken another drastic increase from NGN500 to over NGN700. Already, NNPC filling stations across the country have adjusted and started dispensing at NGN617.
Find these stories and much more when you grab a copy of The Guardian on Thursday.
Dutch harbors are gearing up to import, store and distribute the clean fuels set to drive Europe’s decarbonization. Businesses see big money on the horizon as the EU moves away from fossil fuels.
High costs, lower demand, fiercer competition — the German automotive industry is coming under pressure. The lucrative Chinese market, in particular, is proving difficult as Chinese consumers choose national brands.
The German carmaker Volkswagen has clawed back the lead in domestic electric car sales from US competitor Tesla. However, both auto brands finished well ahead of their third place market rival.
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