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Only a small chunk of governments’ recovery spending in response to the Covid-19 pandemic has been allocated to clean energy measures, according to the International Energy Agency, with the Paris-based organization forecasting that carbon dioxide emissions will hit record levels in 2023.

Published on Tuesday, the IEA’s analysis notes that, as of the second quarter of this year, the world’s governments had set aside roughly $380 billion for “energy-related sustainable recovery measures.” This represents approximately 2% of recovery spending, it said. 

In a statement issued alongside its analysis, the IEA laid out a stark picture of just how much work needed to be done in order for climate related targets to be met.

“The sums of money, both public and private, being mobilised worldwide by recovery plans fall well short of what is needed to reach international climate goals,” it said. 

These shortfalls were “particularly pronounced in emerging and developing economies, many of which face particular financing challenges,” it added. 

Looking ahead, the Paris-based organization estimated that, under current spending plans, the planet’s carbon dioxide emissions would be on course to hit record levels in 2023 and continue to grow in the ensuing years. There was, its analysis claimed, “no clear peak in sight.”

Commenting on the findings, Fatih Birol, the IEA’s executive director, said: “Since the Covid-19 crisis erupted, many governments may have talked about the importance of building back better for a cleaner future, but many of them are yet to put their money where their mouth is.”

“Despite increased climate ambitions, the amount of economic recovery funds being spent on clean energy is just a small sliver of the total,” he added.

The IEA’s analysis and projections are based on its Sustainable Recovery Tracker, which was launched on Tuesday and “monitors government spending allocated to sustainable recoveries.”

The tracker takes this information and then uses it to estimate “how much this spending boosts overall clean energy investment and to what degree this affects the trajectory of global CO2 emissions.”

For his part, Birol said governments needed to “increase spending and policy action rapidly to meet the commitments they made in Paris in 2015 — including the vital provision of financing by advanced economies to the developing world.

“But they must then go even further,” he added, “by leading clean energy investment and deployment to much greater heights beyond the recovery period in order to shift the world onto a pathway to net-zero emissions by 2050, which is narrow but still achievable — if we act now.”

Birol’s reference to the Paris Agreement is notable but unsurprising. The shadow of the accord, which aims to “limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels,” looms large over discussions about net-zero goals.

Cutting human-made carbon dioxide emissions to net-zero by 2050 is seen as crucial when it comes to meeting the 1.5 degrees Celsius target.

The new findings from the IEA come after it said the planet’s demand for electricity was set for a strong rebound this year and next after dropping by approximately 1% in 2020.

Released last week, its Electricity Market Report forecasts that global electricity demand will jump by nearly 5% in 2021 and 4% in 2022, as economies around the world look to recover from the effects of the pandemic.

The report notes that although electricity generation from renewables “continues to grow strongly” it can’t keep up with increasing demand.

Renewables were, the intergovernmental organization noted, “expected to be able to serve only around half of the projected growth in global demand in 2021 and 2022.”

At the other end of the spectrum, electricity generation based on fossil fuels was “set to cover 45% of additional demand in 2021 and 40% in 2022.”

Indeed, the reality on the ground shows just how big a challenge achieving climate-related goals will be in the years ahead.

Energy companies are still discovering new oil fields, for example, while in countries such as the U.S., fossil fuels continue to play a significant role in electricity production.

At the global level, the IEA’s research published last week expects coal-fired electricity generation to rise “by almost 5% in 2021 and a further 3% in 2022, after having declined by 4.6% in 2020.”

“As a result, coal-fired electricity generation is set to exceed pre-pandemic levels in 2021 and reach an all-time high in 2022,” it adds.

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Eve Energy rolls solid-state batteries off new assembly line to power humanoids, flying cars

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Eve Energy rolls solid-state batteries off new assembly line to power humanoids, flying cars

What a headline and what a future evolving before our eyes. Chinese battery expert EVE Energy inaugurated a new production base yesterday, and to celebrate the feat, rolled one of its new all-solid-state batteries off the production line.

EVE Energy Co., Ltd. is a Chinese battery manufacturer approaching 25 years in the industry. It develops, manufactures, and delivers lithium-ion batteries and energy storage systems to OEMs around the world.

The company’s current production footprint includes facilities in at least four regions of China, in addition to a plant in Malaysia and Hungary. In 2021, EVE shared plans to erect a new lithium-ion battery research and development center and manufacturing plant in Chengdu, in the Sichuan region of southwest China.

Since then, EVE Energy has made impressive strides beyond traditional lithium-ion cells and into highly coveted all-solid-state technology. Yesterday, EVE Energy officially opened its new solid-state battery production base in Chengdu and even produced one of its new “Longquan II” cells (pictured above).

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EVE solid-state
Source: EVE Energy

EVE to build 500k solid-state cells per year in Chengdu

EVE Energy shared details of yesterday’s solid-state production base inauguration in a release today. The new 11,000-square-meter (118,400-square-foot) facility in Chengdu is officially open, but will continue development and expansion through 2026.

As initially announced in 2021, EVE Energy’s Chengdu facility will be constructed in two phases – the first of which is expected to be completed in December. Phase one will offer the capacity to manufacture 60-Ah batteries and EVE’s “Longquan II” solid-state cells – the first of which rolled off the production line yesterday.

The Longquan II is a 10-Ah all-solid-state cell with an energy density of up to 300 Wh/kg. Per EVE Energy, mass production of these ultra-dense cells will eventually power humanoid robots, uncrewed aerial vehicles, and AI equipment.

At its new Chengdu base, EVE has already vowed to fully commit funding, equipment, and R&D resources to achieve an energy density of 400 Wh/kg by 2025. The company also stated that this week’s production launch of the Longquan series “marks a crucial step forward for Eve Energy in solid-state battery industrialization.”

Following phase one’s completion by year’s end, EVE said phase two will bolster the facility’s annual production capacity to 500,000 cells, equating to 100 MWh by December 2026.

There was no mention of any specific solid-state cells developed for electric vehicles. Still, EVE Energy is inching toward mass production of the technology while producing higher energy densities to support automotive OEMs, perhaps one day.

Last year, Zhao Ruirui, executive vice president of EVE Energy’s research institute, shared plans to launch all-solid-state batteries for Chinese passenger cars in 2026, beginning with hybrid EVs.

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Volkswagen vows to make EVs more affordable, starting with the ID.Polo and a new SUV

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Volkswagen vows to make EVs more affordable, starting with the ID.Polo and a new SUV

It’s official. Volkswagen is shaking up its EV naming strategy. After confirming the ID.2 will launch as the ID.Polo, Volkswagen promises its new family of entry-level EVs “will make electric driving more affordable than ever.” The ID.Polo is just the start with an electric T-Cross and much more coming soon.

Meet the Volkswagen ID.Polo

Volkswagen is reviving some of its most popular nameplates for its next-generation electric vehicles. Starting with the ID.Polo next year, Volkswagen will begin transferring names from ICE models to its new family of EVs.

The all-electric ID.Polo “is just the beginning,” according to Thomas Schäfer, VW brand CEO. As the production version of the ID.2all concept from 2023, the 25,000 euro ($29,000) entry-level electric car, the Polo EV, is expected to be a cornerstone of Volkswagen’s electrification strategy.

“A model like the Polo shows just how powerful a name can be,” Martin Sanders, Volkswagen’s sales boss, said, adding, “it stands for reliability, personality and history.”

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The ID.Polo is just the start. Volkswagen has several new affordable EVs on the way, including the ID.Cross, an electric counterpart to the T-Cross.

Volkswagen said its new family of EVs marks the beginning of a new era, promising to make electric driving more affordable than ever.

The ID.Polo will evolve into an electric hot hatch, featuring a sporty GTI variant. Sanders said the ID.GTI Concept will go into production as the ID. Polo GTI, which is also launching next year. It will offer “outstanding dynamics and plenty of driving pleasure,” Sanders ensured.

Volkswagen-ID-Polo-EV-GTI
Volkswagen ID.Polo and ID.Polo GTI (Source: Volkswagen)

Volkswagen will showcase the ID.Polo and ID.Polo GTI for the first time at the Munich Motor Show, starting on September 8.

The day before, September 7, Volkswagen will unveil the ID.Cross concept. It’s also slated to arrive in 2026 as the electric counterpart to its best-selling T-Cross SUV.

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Segway’s electric go-karts are joining forces with the world’s largest indoor karting chain

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Segway's electric go-karts are joining forces with the world's largest indoor karting chain

Segway just smashed the accelerator pedal on youth motorsports, teaming up with indoor karting giant K1 Speed in a new partnership that blends electric micromobility with high-octane (high-electron?) thrills and fun.

The collaboration will see Segway become the official sponsor of K1’s Junior and Teen Challenge GP leagues, while also putting Segway’s high-performance scooters and go-karts directly in front of the next generation of electric racing fans.

Segway will serve as the official sponsor of K1 Speed’s Junior and Teen Challenge GP leagues, a racing series that pits the best young go-kart racers against each other at K1 tracks across the country. Winners will even take home some fun prizes like the Segway GoKart Pro 2.

“Segway’s partnership with K1 Speed perfectly reflects our passion for performance, innovation, and inspiring the next generation of riders,” said Alex Connelly, head of emerging business development at Segway. “By bringing our products directly to K1 fans and powering the Junior and Teen Challenge GP leagues, we’re creating opportunities for more people to experience even more everyday thrills!”

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K1 Speed operates over 100 locations across 30 states and 10 countries, all using fully electric go-karts, making this partnership a perfect alignment in both spirit and tech. “Segway’s incredible reputation as a front-runner in electric mobility aligns perfectly with our use of fully electric go-karts,” said K1 co-founder Susan Danglard.

The partnership also brings more access to Segway’s other micromobility products, such as their range of electric scooters that cover everything from commuting to high-performance riding. Segway’s most exciting electric vehicles, including the Max G3 e-scooter, F3 commuter scooter, GT3 performance scooter, and the GoKart Pro 2, are now available for purchase directly from K1’s website. That last one might be the most fun of all: the GoKart Pro 2 is a 3-in-1 electric vehicle that hits speeds of up to 27 mph (43 km/h), transforms into a self-balancing scooter, and even doubles as a racing simulator controller for PC gaming.

Oh, and yes… it’s designed for both kids and adults. So parents, don’t pretend you’re buying one just for the kids.

Electrek’s Take

We’ve seen branding deals before that are just that… all about branding. But this feels like much more than just a cross-promo play. It’s a real look at how electric mobility brands can build cultural relevance with young riders early – and maybe even help grow the next generation of e-racing pros while they’re at it.

By getting kids and teens into EVs, without the focus being on the EV itself, it helps cement the idea that these aren’t some new alternatives… they’re just the best way to build transportation devices, whether it’s for commuting, adventuring, or just plain fun racing!

K1’s electric karts are a bit faster than Segway’s, but they’re also built to be abused all day, every day. That Segway kart looks pretty fun for a personal option!

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