16 April 2023, Baden-Württemberg, Neckarwestheim: The Neckarwestheim nuclear power plant. The era of commercial power generation with nuclear power plants in Germany came to an end on Saturday with the separation of the Isar 2, Neckarwestheim and Emsland nuclear power plants from the power grid.
As of Sunday, April 16, Germany is no longer producing any electricity from nuclear power plants.
Closures of the Emsland, Isar II, and Neckarwestheim II nuclear plants in Germany were expected. The country announced plans to phase out nuclear power in 2011. In the fall of 2022, with the Ukraine war constraining access to energy especially in Europe, Germany decided to keep these existing nuclear reactors operating for an additional few months to bolster supplies.
“This was a highly anticipated action. The German government extended the lifetimes of these plants for a few months, but never planned beyond that,” David Victor, a professor of innovation and public policy at UC San Diego, told CNBC.
Responses to the closures ranged from aghast that Germany would shut down a clean source of energy production while global response to anthropogenic climate change continues to be insufficient, to celebratory that the country will avoid any nuclear accidents like those that have happened in other parts of the world.
‘The whole thing is incomprehensible’
A collection of esteemed scientists, including two Nobel laureates and professors from the likes of MIT and Columbia, made a last-minute plea in an open letter published on April 14 on the nuclear advocacy group’s website, RePlaneteers, to keep the reactors operating.
“In view of the threat that climate change poses to life on our planet and the obvious energy crisis in which Germany and Europe find themselves due to the unavailability of Russian natural gas, we call on you to continue operating the last remaining German nuclear power plants,” the letter states.
The Emsland, Isar II and Neckarwestheim II facilities provided more than 10 million German households with electricity, the open letter states. That’s a quarter of the population.
“This is hugely disappointing, when a secure low carbon 24/7 source of energy such as nuclear was available and could have continued operation for another 40 years,” Henry Preston, spokesperson for the World Nuclear Association, told CNBC. “Germany’s nuclear industry has been world class. All three of those reactors shut down at the weekend performed extremely well.”
16 April 2023, Lower Saxony, Lingen: View of the defunct cooling tower of the Emsland nuclear power plant. With the separation of the Isar 2, Neckarwestheim and Emsland nuclear power plants from the power grid, the era of commercial power generation with nuclear power plants in Germany came to an end on Saturday.
Despite the shutdown, some segments of nuclear industrial processes will continue to operate. “Germany’s nuclear sector will continue to be first class in the wider nuclear supply chain in areas such as fuel fabrication and decommissioning,” Preston told CNBC.
While the open letter did not succeed in keeping the nuclear reactors open, it does underscore a crucial reason why nuclear power has been part of global energy conversations recently, after a generational lull in the construction of nuclear power plants: climate change.
Generating electricity with nuclear reactors does not create any greenhouse gases. And as global climate change response efforts continue to fall short of emission targets, nuclear energy is getting renewed consideration.
“Obviously many people in the nuclear industry are disappointed that the government that cares a lot about climate change is shutting massive sources of zero-carbon electric power,” Victor told CNBC.
That view was echoed by Hans von Storch, a climate researcher at the Institute for Coastal Research in Geesthacht, Germany, and a signatory of the open letter, told CNBC.
“While a legitimate decision, it is not a wise decision,” Storch told CNBC. “This out-phasing of nuclear, with existing plants, leads to an increase of greenhouse gas emissions in Germany, even though according to another political decision, the fast decarbonization should have priority.”
“For me, as a climate scientist, the whole thing is incomprehensible,” Storch told CNBC.
Anti-nuclear movement supporters gather to celebrate the shuttering of Germany’s last nuclear power plants on April 15, 2023 in Munich, Germany. Emsland, Neckarwestheim 2 and Isar 2 are Germany’s last three operating nuclear power plants and are scheduled to cease operation tonight. Their closure was originally scheduled for December 31 of 2022, though Germany’s government coalition extended their operation due to the turbulent energy market resulting from Russia’s military invasion of Ukraine. The shuttering of the plants marks a historic chapter in German history and is being celebrated by Germany’s decades-old, grassroots anti-nuclear movement.
Johannes Simon | Getty Images News | Getty Images
Fear of accidents and a focus on renewables
The German government says it is making the country safer by closing down the nuclear reactors.
“Nuclear energy is a risky technology. During the Chernobyl reactor accident, Germany was hit by radioactive fallout. A reactor accident in Germany would make large parts of the country uninhabitable. In the course of global uncertainties, the risks for nuclear energy are also increasing,” Quaschning told CNBC.
Also, radioactive waste management is “still unsolved in Germany,” Quaschning told CNBC. “No one in Germany wants a repository for highly radioactive waste near them.”
Instead, the European country says it is focused on building out its wind and solar energy production. By 2030, Germany aims to generate 80 percent of its electricity from renewable energy sources like wind and solar. “We are now putting the policies in place for this and adapting the necessary legislation,” the German government spokesperson told CNBC.
“In the German context, the phase-out of nuclear energy is good for the climate in the long term. It provides investment certainty for renewable energy; renewables will be much faster, cheaper and safer than expansion of nuclear energy,” Höhne told CNBC.
Nuclear energy is also often more expensive than wind and solar power, Quaschning said, adding, “there are no longer any real advantages with nuclear energy.”
“Nuclear power plants are a hindrance to the energy transition. They are not able to run in stop-and-go mode and cannot really compensate for power fluctuations that arise when using solar and wind energy. With Germany looking to expand solar and wind power very rapidly over the next few years, now is a good time to shut down nuclear reactors to make way for renewable energy,” he said.
The GV90 is set to raise the bar as the most luxurious Genesis SUV. If you thought the GV80 was impressive, wait until you see this larger, three-row electric flagship. After it was recently spotted in the US, we are getting our first glimpse of the ultra-luxe Genesis GV90’s interior.
First look at the Genesis GV90 interior in the US
Genesis previewed the flagship SUV at the NY Auto Show last March with the Neolun concept, which the brand refers to as its “ultra-luxe vision of luxury SUVs.”
It’s not only stunning on the outside, but the full-size SUV will introduce advanced new tech and upscale design features for “a whole new level of luxury.”
Drawing inspiration from Korean aesthetics, the interior is fit for royalty. The concept featured a “Royal Indigo” cashmere and a vintage-like “Purple Silk” leather. Genesis topped it off with dark-colored wood accents for an even more luxurious feel.
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After it was spotted in public in California, it looks like the interior of the Genesis GV90 will retain some elements from the concept.
The new photos, courtesy of The Korean Car Blog, offer a sneak peek at what we can expect when it arrives in production form.
You’ll notice that the color scheme remains largely the same, with purple accents on the door trim, seats, and other interior elements.
The GV90 will serve as the luxury brand’s tech beacon, featuring Hyundai Motor’s latest technology and software. A 24″ infotainment system will sit at the center with navigation and voice command recognition.
It will also feature a 3D audio experience with tweeters, midrange speakers, woofers, and subwoofers strategically placed, creating an immersive audio experience. The iconic Crystal Sphere is not only a centerpiece, but it will also serve as a hi-fi tweeter speaker.
According to Luc Donckerwolke, Genesis’ chief creative officer, the concept is “the epitome of timeless design and sophisticated craftsmanship.” Do you agree?
With GV90 models now in public testing, Genesis appears to be on track to launch the flagship SUV in mid-2026. Earlier this month, we got a closer look at the exterior after it was caught testing at the Nürburgring with less camo.
More details, including prices and final specs, will be revealed closer to launch. However, it is expected to ride on Hyundai’s new eM platform, which will replace its current E-GMP.
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The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.
In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023.
The original complaint accused the crypto exchange of violations including illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The agency also claimed that Binance unlawfully enabled trading in crypto assets it viewed as unregistered securities, an argument that was also used against Coinbase, Kraken, and others under prior SEC leadership.
The dismissal marks a symbolic end to one of the most aggressive crypto crackdowns in U.S. history, and comes as the Trump administration makes a concerted effort to prove that it’s an ally to the industry. The Justice Department has already shut down its crypto enforcement team, and the Commodity Futures Trading Commission is now set to be led by a venture capitalist with close ties to crypto.
Binance is the largest digital assets exchange in the world by volume. It recently forged ties with World Liberty Financial, a project that aspires to be a crypto bank and funnels 75% of profits to entities linked to the Trump family. Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the World Liberty team.
Binance and World Liberty are also deepening their footprint in Pakistan, where WLF co-founder Zack Witkoff, the son of U.S. Middle East envoy Steve Witkoff, recently struck a deal with the government. Around the same time, Zhao was appointed as an adviser to Pakistan’s newly formed Crypto Council, a state-backed body tasked with shaping national digital asset policy.
The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.
The agency’s motion to dismiss was granted with prejudice, meaning the SEC can’t refile the same claims.
Under the SEC’s new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It’s held a series of roundtables led by Commissioner Hester Peirce and newly appointed Chair Paul Atkins.
The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, “Bye, bye SAB 121! It’s not been fun.”
In February, the agency followed up with new guidance indicating that it doesn’t view most meme coins as securities under federal law, providing a boon to the Trump family.
President Trump and several of his family members are closely tied to crypto ventures, including the $TRUMP token, which launched just before his January inauguration. The coin currently boasts a market cap of about $2.4 billion, with its website claiming that 80% of the supply is held by the Trump Organization and affiliated entities.
After its electric vehicle sales more than doubled in the first quarter, GM claims it’s now the “#1 EV seller” in Canada. With a full lineup of 13 all-electric vehicles, GM sold more EVs than Tesla in Canada.
GM tops Tesla to become the #1 EV seller in Canada in Q1
GM’s electric vehicle sales in Canada surged by 252% in the first three months of 2025, with new Chevy and Cadillac models driving growth.
The Chevy Equinox EV led the way with 1,892 units sold, followed by the Silverado EV with 894 units. Cadillac’s new entry-level OPTIQ had a strong showing, with 615 models sold, nearly matching the 720 units sold of its first EV, the LYRIQ.
Even the GMC Hummer EV Pickup and SUV saw more demand, with sales up 232% (186) and 88% (252), respectively.
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Combined, the automaker sold a total of 5,750 EVs in Q1. According to GM, this was enough to top Tesla to become “the #1 EV seller in Canada.”
GM Canada recently posted on social media, saying, “We claimed the top spot as Canada’s #1 EV seller!” The news comes as registration data show that Tesla registered just 524 vehicles in Quebec in Q1, down 87% from the same period last year.
The steep decline in sales comes after the Quebec government paused federal EV incentives from February to April 1st. Canada also paused its iZEV rebate program in January, which offered up to $5,000 on the purchase or lease of an EV. Like the US federal EV Tax credit, it was designed to be used at the point of sale to help lower prices.
Chevy Equinox EV LT (Source: GM)
GM also registered significantly fewer Equinox and Blazer EVs in Quebec during the quarter. Despite higher year-over-year (YOY) sales, GM’s electric vehicle (EV) sales were down considerably from the over 15,000 in Q4 2024.
Cadillac OPTIQ EV (Source: GM)
The American automaker will continue to expand its lineup with the launch of the new Cadillac Escalade IQL, Lyriq-V, and Visiq.
By the end of the year, we also expect to get our first look at the next-gen Chevy Bolt EV with deliveries starting in 2026.
Electrek’s Take
GM is building momentum with new models rolling out, which now cover nearly every segment. In the US, GM surpassed Ford and Hyundai Motor, including Kia, to become the second-largest seller of EVs last year.
Chevy is now the fastest-growing EV brand in the US. The new electric Equinox, or “America’s most affordable 315+ miles range EV,” as GM calls it, is quickly becoming a top seller. The Blazer and Silverado EVs are also gaining traction.
Cadillac reported its best first quarter since 2008, with retail sales increasing by 21%. After delivering the first models in Q1, the entry-level OPTIQ is off to an impressive start with 1,716 units sold.
GM will top off its US electric vehicle lineup with the next-gen 2026 Chevy Bolt EV due out later this year or in early 2026.