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.
China’s Contemporary Amperex Technology Co., Limited (CATL) has unveiled its latest battery cell technologies, which charge as quickly as filling up a gas tank while potentially lowering costs without compromise.
CATL has quickly become the world’s largest battery manufacturer by a wide margin. It is one of, if not the biggest, force for advancing electric transportation.
A big part of CATL’s success is due to its advancements in lithium-iron phosphate battery cells, also known as LFP. LFP cells are cheaper than nickel-rich batteries, but they used to have much lower energy density.
The Chinese battery manufacturers managed to close the gap somewhat while maintaining lower costs, resulting in LFP cells becoming popular for entry-level EVs.
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Now, CATL is looking to do the same with sodium-ion batteries.
Like LFP cells, sodium-ion battery cells have the potential to be cheaper than more common Li-ion cells, but they also offer potential for superior performance, particularly in terms of faster charging and longer lifecycles.
CATL has unveiled today Naxtra, its new sodium-ion battery cells, and it claimed some truly impressive specs.
The new cell reportedly achieves an energy density of 175 Wh per kg (385 Wh per lb), on par with the higher-end of LFP battery cells.
The new cells also offer potential for significant safety improvements.
CATL shared several intense stress tests, including drilling into a cell and even cutting it in half without any thermal event:
The next-gen sodium cells could help further lower the cost of electric vehicles without compromising performance, and while increasing safety.
On top of the new Naxtra cell, CATL has also unveiled its next-gen Shenxing LFP battery cells.
Its charge rate is truly impressive. CATL shared several examples of cars charging at around 1,000 kW and maintaining over 500 kW at over 50% state of charge:
The new cell is being described as capable of adding 300 miles (482 km) of range in about 5 minutes – depending on the EV model.
That’s virtually as quick as filling up a tank of gas.
CATL says that the Shenxing will be in 67 electric vehicle models by the end of the year.
New York State has announced an extra $30 million for point-of-sale rebates to lease or buy more than 60 new EV models.
The rebates are available to consumers through New York’s Drive Clean Rebate program, which offers a point-of-sale rebate off the manufacturer’s suggested retail price (MSRP) of an EV at participating car dealerships in New York State.
The rebate is available in all 62 counties, with the highest rebate of $2,000 available for EVs with a greater-than-200-mile range. (For a 40- to 199-mile range, the rebate is $1,000.) The New York State Energy Research and Development Authority (NYSERDA) runs the program.
NYSERDA President and CEO Doreen M. Harris said, “Converting to EVs reduces the total cost of vehicle ownership through lower fuel and vehicle maintenance costs, and NYSERDA is proud to help provide New Yorkers with more purchasing power through these rebates.”
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The Drive Clean Rebate program has issued over 190,000 rebates to consumers since 2017, contributing to the more than 280,000 EVs on the road in New York State.
NYSERDA also boosted its EV charging incentives. Through the Charge Ready NY 2.0 program, the state is boosting the cash available for Level 2 charger installations at apartment buildings, workplaces, and hotels from $2,000 to $3,000 per port. And if the chargers go into disadvantaged communities, that amount jumps to $4,000 per port.
New York has racked up over 17,000 public EV chargers, making it second only to California for charger count. On top of that, there are more than 4,000 semi-public stations tucked into workplaces and multifamily buildings across the state.
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LTL carrier ArcBest Freight (ABF) announced plans to add five new Orange EV electric terminal tractors to its existing ZEV fleet, bringing its total deployment of these battery electric HDEVs to 14 … with even more to come.
LTL stands for “Less than Truck Load,” and basically means that, since whatever you’re shipping won’t take up a full container, you can share the costs of shipping with other customers with goods going the same way. You save a little more money and the shipper makes a little more money, making it a rare win-win scenario in the shipping space. And that’s important, because LTL containers amount to a massive 15% of total US shipping.
ABF has been putting Orange EV yard dogs to work in their LTL traffic terminals since their initial deployment of four trucks in June 2022. The company added five more a few years later, and just purchased five more — further underscoring their confidence in the benefits of transitioning their fleet to electric power.
“The Orange EV terminal trucks meet our operational requirements and expectations for safe, reliable, and affordable service and performance,” explains Matthew Godfrey, ABF Freight president. “We’re committed to responsible environmental management, and our investment in EVs aligns with our continuous efforts to enhance efficiency while maintaining exceptional service standards.”
Over at The Heavy Equipment Podcast, we had a chance to talk to Orange EV founder Kurt Neutgens ahead of last year’s ACT Expo for clean trucking. On the show (embedded, above), Kurt explained how his experience at Ford helped inform his design ideology, and that the Orange EV was designed to be cost competitive with diesel options, even without subsidies.
Give it a listen, then let us know what you think of the big yard dogs in the comments.