British Prime Minister Liz Truss resigned Thursday after just 44 days in office.
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LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget” chaos, economic turmoil and weeks of political infighting.
Speaking outside Downing Street, Truss said she had delivered her resignation to King Charles after meeting with Graham Brady, the leader of the Conservative Party’s 1922 Committee, earlier Thursday.
“Given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party,” she said in a brief speech Thursday afternoon.
The prime minister’s departure follows days of high level resignations, and a growing number of Conservative members of parliament (MPs) publicly calling for Truss’ resignation.
Truss said she will remain in place as caretaker prime minister until a successor is named, with a leadership contest expected to take place over the next week.
Here are the main contenders for the top job:
Rishi Sunak
Rishi Sunak, Britain’s former finance minister and Truss’ main opponent in this year’s Conservative Party leadership race, is now seen as a favorite to replace her.
Despite losing to Truss in the final round of voting by Tory members, he was the top choice among party MPs and is considered a safe pair of fiscal hands. Indeed, after being berated by Truss during the race as a voice of Treasury orthodoxy, his critique of the PM’s “unfunded tax cuts” appears to have been vindicated.
Britain’s former finance minister Rishi Sunak was Liz Truss’s main opponent in this year’s Conservative leadership race.
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The 42-year-old, who is credited with steering the U.K. economy through the height of the Covid-19 pandemic, is seen by supporters as well-placed to lead the country through its worsening cost-of-living crisis. However, some have questioned his ability to reunite the splintered Conservative Party, having played a key role in Boris Johnson’s ousting, and being implicated in controversy over his wife’s tax status.
As such, some Conservative backbenchers have proposed that a more politically palatable option would be for Sunak to form a joint ticket with fellow leadership contender Penny Mordaunt, with the pair thought to garner enough support together to secure MP backing without the need for a lengthy members’ vote.
Penny Mordaunt
Former Defense Secretary Penny Mordaunt surged to prominence during the summer’s leadership race, before finishing in third place to Truss and Sunak.
Broadly seen as a consensus candidate, Mordaunt was second to Sunak in MP voting until the final round of the race, and has since maintained links with Tory MPs in her current role as leader of the House of Commons.
Leader of the House of Commons Penny Mordaunt is seen as a consensus candidate who could unite a splintered Conservative Party.
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The 49-year-old also escaped largely unscathed from the controversy surrounding Johnson’s departure, and has since demonstrated her leadership prowess in the chaotic early weeks of Truss’ premiership.
On Monday, she spoke to the House of Commons on behalf of Truss regarding the sacking of former Finance Minister Kwasi Kwarteng. But she has also distanced herself from Truss economically, criticizing the PM’s stance on key policies such as welfare benefits.
Boris Johnson
Despite being ousted from office just three months ago, some Tory MPs have suggested that former PM Boris Johnson could return to the top job.
Former culture secretary and close Johnson ally Nadine Dorries tweeted Thursday that he was the only MP with “a mandate from party members and the British public,” having won the 2019 General Election.
Former prime minister Boris Johnson has been called on by some Tory MPs to return to office, just three months after being ousted.
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Johnson previously enjoyed high levels of popularity until losing credibility in the final months of his premiership amid political scandal around Covid-19 rule-breaking and his links to disgraced MP Chris Pincher.
The 58-year-old has not spoken recently on plans for a second leadership bid, but in his parting speech he alluded to a future return to office with the words: “Hasta la vista, baby” or “see you later.”
Ben Wallace
Defense Secretary Ben Wallace has kept a relatively low profile amid Tory party furor while winning respect for his role in leading the U.K.’s support for Ukraine.
Popular among MPs, he was seen as a favorite to replace Johnson, but ruled himself out of this summer’s leadership race citing discussions with “colleagues and family.”
It is unclear whether he would run this time, having told The Times newspaper Tuesday that he wanted to remain in his current post. However, he also signaled that he would likely quit the job if the government did not commit to his defense spending targets.
The 55-year-old is seen as a stable option, having previously held several senior government positions, including foreign secretary, health secretary and culture secretary. However, he has previously fallen short in a series of leadership bids, and on Thursday reportedly extracted himself from future runs.
On Monday, Hunt hinted that he would not run, telling Sky News: “I rule it out, Mrs Hunt rules it out, three Hunt children rule it out.”
Could there be a General Election?
The Conservative Party will be keen to avoid a calling a General Election ahead of the 2025 deadline, with the latest opinion polls suggesting that the Tories would suffer a landslide defeat.
However, if Conservative MPs can’t reach a consensus vote on a future leader, it is possible that the U.K. would go to the polls.
Scotland’s First Minister Nicola Sturgeon echoed those calls, calling an election a “democratic imperative.”
According to an Opinium poll released over the weekend, if a general Election were called now, Labour would secure 411 seats to the Conservative’s 137, marking a sizeable defeat not seen since 1997.
National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrekreported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
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Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
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Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
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