Wind turbines operated by RWE AG during sunset in Rheinisches Revier, Germany, on Wednesday, Aug. 11, 2021.
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Politicians in Germany need to work with industry leaders if the country wants to succeed in reducing its carbon emissions, according to Martin Brudermüller, chief executive of BASF, one of the world’s largest chemical producers.
“If we want to succeed in the decarbonization plans of Germany, but also the EU, we have to come to a totally new way of collaborating between industry and politics,” he told CNBC’s Annette Weisbach on Wednesday.
“What we currently see is that politics is engaging in one ambition after the other: Can it be 10 years faster? 10% more reduction? So it’s a race about ambition,” he noted. “I ask myself sometimes, whether society and politics needs to [have] a real reality check. It is not lacking an ambition, but we have to engage now in the how … to really say, where do we want to be? What does it take to get there? That’s the effort where politics is not engaged.”
A federal election is fast-approaching in Germany with the vote set for Sept. 26, and there’s a high chance that Germany’s Green Party will be a part of a future coalition government. The Greens are currently seen with 17% of the vote, outgoing Chancellor Angela Merkel’s conservative alliance, the CDU/CSU, has 21% of the vote and the Social Democratic Party with 24%, according to Politico’s poll of polls.
The new German government, whichever form it takes, must engage with industry leaders, Brudermüller said, “to create positive regulation framework. It cannot be forbidding, restricting, not allowing anymore — it must be enabling. What do you really need to make this a success, and to stay competitive on this journey?”
While forming a coalition government could take weeks, it’s likely that the Greens, once a fringe party, will enter government and have a strong influence over energy policy, taxes and investment. Given the strong rise in popularity of the Greens this spring and summer, markets are prepared for the party to gain more power and prominence in government.
“It will take time for a new government to emerge, but when it does, we expect an administration more focused on combatting climate change, and one content to keep fiscal policy accommodative to promote economic recovery,” Dean Turner and Maximilian Kunkel from UBS Global Wealth Management said in a note Wednesday.
“We don’t expect much of a market reaction to the election. This is because coalition agreements can take weeks, sometimes months. Therefore, investors will not know the outcome for some time. But over the long term, green investment is set to soar,” they added.
The Green Party has an ambitious spending plan as a central party of its manifesto. It has outlined plans to spend 500 billion euros ($592 billion) on infrastructure and over the next 10 years on Germany’s climate transition. The party wants to restructure the country’s economic model into a “social-ecological system” and aims to accelerate the expansion of renewable energies and exit coal energy by 2030.
It has also called for higher taxes on the wealthy and a relaxation of Germany’s so-called debt brake (which caps the government’s structural net borrowing) which would enable Germany to raise more money on public markets.
Experts expect green investment to rise dramatically in the long-term but there are some concerns among businesses, especially energy-intensive ones like BASF, that this will lead to a rise in taxes. As such, they are concerned that they could become less competitive as a result.
BASF is a multinational company, based in Germany, whose products range from chemicals and plastics to crop protection products.
Brudermüller told CNBC that the new government’s tax policies should be watched closely, and that government needed to help subsidize any transition. “We have to really look on how we see the overall package. I think what is important [is that] if companies should manage the transformation, you have also to ensure that they earn the money to invest.”
“I think if this is a societal demand that you go for the transformation, it is also a societal task to help you at the beginning of that journey to engage. So new innovative technologies, pilot plans, they have to be subsidized and funded … So it’s not only the taxes, it’s also the public funding. And this is this positive framework I’m talking about,” he said.
An Angus ranch in southern Oregon has become the test case for a new kind of cattle-friendly solar, hosting RUTE SunTracker’s first commercial project.
The one‑acre, 120‑kilowatt array is the first real‑world installation of RUTE’s patented, cable‑stayed solar tracker designed specifically to coexist with grazing cattle. RUTE supplies the hardware and is also acting as the developer for its first regional cattle‑plus‑solar demonstrations.
What makes the setup different is the clearance. The tracker system provides about 10 feet of headroom, with panel heights reaching up to 16 feet across the array. That gives cattle full access to the pasture underneath while allowing ranchers to keep managing the land as usual. The project is interconnected to Pacific Power’s grid in Jackson County, Oregon.
Projects like this are getting more attention as the solar industry runs into land‑use limits. In the US alone, about 30 gigawatts of new solar capacity installed last year covered roughly 150,000 acres. Meanwhile, the country has close to 120 million acres of cattle pasture, much of it facing rising heat and water stress.
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That’s where agrivoltaics come in. By adding solar to working pastureland, ranchers can create a second revenue stream while improving growing conditions for forage through partial shade.
“Within weeks of installing the RUTE canopy, the crew observed leafier forage and increased legume presence inside the array compared to outside,” RUTE president Doug Krause said. “Even on irrigated pasture, direct summer sun can be too intense.”
RUTE’s work has been supported by grants from the US Department of Energy’s American‑Made Solar Prize and the US Department of Agriculture. In October, Oregon State University’s Agrivoltaics Program began quantitative studies at the site to measure pasture production, adding hard data to what ranchers are already seeing on the ground.
Next, RUTE plans to take the project on the road. This winter, the company will present at cattlemen’s association meetings as it looks for ranch partners with onsite electric loads, such as irrigation pivot systems.
“In the near term, our focus is on regional, behind‑the‑meter installations so ranchers and power producers can see the equipment operating in real conditions,” Krause said. “While interconnection timelines are long, these projects allow us to build momentum as we connect with developers and ranches on utility‑scale pipeline.”
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Dutch leasing company Mistergreen, known for its “Tesla only” fleet and bold bets on a future of autonomous robotaxis, is reportedly facing bankruptcy. The company’s financial collapse highlights the danger of buying into Elon Musk’s claims that Tesla vehicles would become “appreciating assets”—a prediction that has faced a harsh reality check in the used EV market.
According to reports from Europe, the Dutch Tesla-only car rental firm Mistergreen has wiped out its bondholders and is selling off its operations.
Mistergreen had built its entire business model around the premise of operating a fleet of Tesla vehicles that would not only hold their value but eventually generate revenue as robotaxis.
Instead, the company has been forced to write down millions in fleet value as Tesla aggressively cut new car prices over the last two years, pulling the rug out from under used EV prices, and never delivered on its promise of consumer vehicles becoming robotaxis.
“I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset.”
He even went so far as to suggest that a Tesla Model 3 could be worth $100,000 to $200,000 as a revenue-generating robotaxi. Mistergreen bought into that claim and was essentially a leveraged bet on this exact scenario.
They wrote their annual report in 2022:
Our focus is driven by the fact that Tesla’s electric vehicles are currently the highest quality electric vehicles on the market (in terms of battery quality, software updates, efficiency and range, charging network and speed), their hardware and software are prepared for future self-driving cars, and the quality and range of the Tesla (supercharger) charging network is superior. As a result, there is a significant market demand for Tesla’s and we anticipate that Tesla’s will have better residual value in the future due to the good quality of the Tesla’s currently on the market.
However, as we discussed in an article earlier this year about Elon Musk’s biggest lie, the reality has been the exact opposite. Tesla vehicles have depreciated faster than the industry average, exacerbated by Tesla’s own decision to slash prices to maintain demand and by the fact that it never delivered on its promise that software updates would make its consumer vehicles autonomous without supervision.
At its peak, Mistergreen had a fleet of over 4,000 Tesla vehicles, which is impressive, but it meant that it was hit even harder by the depreciation.
For buyers, a cheaper Tesla is great news. For owners or leasing companies holding thousands of them on their books, with high residual-value guarantees, it’s a death sentence.
Mistergreen had issued bonds to buy the Tesla vehicles, but it hasn’t been able to repay them since last year. It’s unclear how much of investors’ money has been wiped out by the bet, but it is in the tens of millions of dollars.
A couple of Dutch, Belgian, and German leasing companies will purchase the remaining fleet.
Electrek reached out to CEO Florian Minderop and co-founder Mark Schreurs for comments, but we didn’t hear back by the time of publishing.
Electrek’s Take
They believed Elon and they lost tens of millions of dollars worth of investors’ money for it.
We have been saying for years that while FSD is impressive, there’s no evidence that it can reach level 4 autonomy in consumer vehicles. Banking on it turning cars into appreciating robotaxis in the near term is financial suicide.
Musk has been promising “1 million robotaxis by the end of the year” since 2020. It’s now late 2025, and while we have seen progress, we only have a small pilot program in a geo-fenced area in Texas under constant supervision, and certainly don’t have a fleet of appreciating assets.
If you bought a Tesla for $50,000 in 2022 expecting it to be worth $100,000 today, you are likely disappointed. If you bought 4,000 of them with borrowed money, you are Mistergreen.
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Kia is offering generous discounts on its EVs with low finance rates and thousands in savings across its entire lineup.
What deals is Kia currently running on its EVs?
After launching a promotion in the US offering over $10,000 off the EV6, EV9, and Niro EV this month, Kia is now extending the savings overseas.
Kia introduced a New Year’s offer in the UK on Tuesday, offering savings across its entire range, including electric vehicles.
The new deal offers generous finance deposit contributions (FDC) of up to £3,000 ($4,000) toward all EV3 models, plus the EV4 GT-Line and GT-Line S trims. A £1,500 ($2,000) FDC is available toward the EV4 Fastback (sedan), EV5, EV6, EV6 GT, EV9, and EV9 GT. The EV4 Air grade is available with a £1,000 ($1,300) FDC.
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Kia is also offering a low 3.9% APR across its entire EV lineup, considerably lower than the 5.9% APR for the new Sportage and the 7.9% APR for the Picanto, K4, Niro PHEV, and Sorento.
From left to right: Kia EV6, EV3, and EV9 (Source: Kia UK)
And that’s not all. Current Kia drivers looking to upgrade can save an extra £1,000 ($1,300) with the “Kia EV Finance Upgrade” loyalty incentive.
The New Year’s EV deals run from December 17, 2025, to March 31, 2026. Kia is also offering two years of free service on all electric models through its “Discover Your Kia EV” campaign, available on all EV3, EV4, EV4 Fastback, EV5, EV6, EV9, and PV5 Passenger grades and variants.
Kia EV4 Fastback GT-Line S 81.4 kWh FWD model (Source: Kia)
On Friday, the EV4 and PV5 Passenger became the brand’s first vehicle eligible for the UK’s Electric Car Grant. Buyers can now earn £1,500 ($2,000) off the on-the-road purchase price for the EV4 Air and PV5 Passenger Essential and Plus trims.
Although not exactly a promotion, Kia launched the EV4 as Canada’s most affordable EV this week. Starting at under $40,000, Kia’s electric sedan (fastback) is even cheaper than the tiny Fiat 500e.
2026 Kia EV4 for the North American market (Source: Kia)
For those in the US, don’t worry, Kia is offering some pretty great year-end deals, including over $10,000 in savings across its entire EV lineup.
The 2025 Kia EV6 and Niro EV are available with up to $11,000 in customer cash, while the larger EV9 is listed with $10,500 in customer cash.
The interior of the 2026 Kia EV9 GT-Line (Source: Kia)
If you’re looking to finance, Kia is offering 0% APR for up to 72 months, plus $3,500 APR Bonus Cash on the EV6 and Niro EV. The three-row Kia EV9 is available with 0% APR for up to 60 months and a $3,000 APR Bonus Cash offer. In the US, Kia’s “New Traditions” sales event runs until January 2, 2026.
Kia’s deals are generous, but its sister company, Hyundai, may have it beat. You can lease a Hyundai IONIQ 5 right now for as low as $189 per month. That’s about as cheap as EV leases get right now.
If you’re wondering what deals are available in your area, you can find local offers using the links below.
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