Members of the rescue teams from the Egyptian army carry a dead body as they walk in the mud between the destroyed buildings, after a powerful storm and heavy rainfall hit Libya, in Derna, Libya September 13, 2023.
Ahmed Elumami | Reuters
Storm Daniel has left Libya, a country grappling with conflict and economic crisis for over a decade, in catastrophe. With little resource for search and rescue, experts warn that humanitarian partners will need tens of millions of dollars to respond to the needs of those impacted on the ground.
According to the UN Development Programme, “humanitarian partners are requesting $71.4 million to respond to the most urgent needs of 250,000 people targeted out of the 884,000 people estimated to be in need, over the next three months.” Roula Abubaker, a spokesperson for UNDP, told CNBC the organization is still gathering data from the mission on the ground to determine the full cost of the damage.
Over 3,000 people have been killed and more than 9,000 remain missing with the toll expected to rise, according to the World Health Organization, but numbers have been difficult to verify. Meanwhile the International Organization for Migration estimates 40,000 people have been internally displaced following the storm. Medical centers are struggling to treat civilians and morgues are running out of space for the deceased.
Maxar satellite imagery of streets amd neighborhoods after the catastrophic flooding that struck the Libyan coastal city of Derna.
Maxar Technologies | Getty Images
“No matter how many pictures you see about Derna, you did not see anything. We don’t need water or food. We need specialized and experienced rescue teams,” Mohamed Elkwafi, a volunteer with the Eastern Libyan National Army Security Units in Derna, told CNBC.
The rare Mediterranean hurricane tore through dams in Libya’s eastern port city of Derna, Soussa, Benghazi, Albayda and several other cities, leaving a grim aftermath. The storm moved over land, resulting in severe flash floods and extreme rainfall that collapsed infrastructure and homes. Storm Daniel developed in early September over Greece causing fatalities before migrating to Turkey and Bulgaria and through North Africa.
Libya’s political challenge
Libya’s government has been marred by conflict since 2011 after the fall of dictator Moammar Gadhafi, who ruled the oil-rich North African country for four decades. The government was split into two administrations after renewed tensions from the rise of militias in 2014. One administration is based in the country’s east and the other in the capital Tripoli. A ceasefire was brokered in 2020 but Libya remains deeply fragmented after the Government of National Unity was formed in Tripoli in 2021.
A man sits on a damaged car, after a powerful storm and heavy rainfall hit Libya, in Derna, Libya September 12, 2023.
Esam Omran Al-Fetori | Reuters
Abdul Hamid Dbeibeh rules as the internationally recognized prime minister in Benghazi. Another rival government was formed in 2022 in the east called the Government of National Stability, leaving two parties vying for control.
Despite the deep divisions between the east and the west, when it comes to search and rescue, Mohamed Elkwafi told CNBC he has been working “with all the security units, medical teams, and rescue teams as one team.”
Libya’s reconstruction
The Central Bank of Libya convened an emergency meeting last Thursday to discuss support for the impacted areas. The bank shared the outcome on X, formerly known as Twitter: “The committee reached a number of recommendations, the most important of which is opening a bank account with the Central Bank of Libya, specifically dedicated to collecting donations from commercial banks.” The financial institution was previously split in two entities in 2014 for nearly a decade but reunified in August.
Libya’s economy has struggled since the fall of Gadhafi with decentralization, but the country’s vast oil and gas reserves, which are the biggest in Africa, remain its dominant source of revenue. While terminals initially closed, the storm has not impacted Libya’s output, which is around 1.2 million barrels per day. The World Bank projected this year a potential uptick in economic growth with help from monetary contributions if conflict ceases.
The International Monetary Fund has yet to announce financial aid but Managing Director Kristalina Georgieva tweeted: “The IMF stands ready to provide the Libyan authorities any assistance they may need.” The IMF began re-surveilling Libya in June after a decade-long hiatus.
General view of flood water covering the area as a powerful storm and heavy rainfall hit Al-Mukhaili, Libya September 11, 2023, in this handout picture.
Libya Al-Hadath | via Reuters
Jalel Harchaoui, a Libya specialist and fellow at the London-based think tank Royal United Services Institute says that Derna’s road to recovery will be an expensive one.
“The 2.5 billion dinars ($51M) carved out by the Tripoli authorities is a big amount to mobilize out of budget for rebuilding, but it’s still nothing compared to the damage that was experienced,” he told CNBC.
“I think you would have to multiply this number by probably 10 or 20 to rebuild all the other municipalities.”
Last week UN Secretary General for Humanitarian Affairs and Emergency Relief Coordinator Martin Griffiths announced a $10 million emergency financial aid package for Libya. Other countries that pledged support include the EU, U.S., UK, Egypt, Qatar, Jordan, Tunisia, Kuwait, Turkey, Italy, and the United Arab Emirates.
But Harchaoui is skeptical it will be enough, adding “I think if we don’t reach $5 billion dinars then it means that there’s no real possibility of dignified reconstruction efforts.”
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss the new Tesla Model S/X “refresh”, robotaxi service is coming, a new EV price war in China, and more.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
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Here are a few of the articles that we will discuss during the podcast:
Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:
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Kia’s electric SUV has already become a hit in several overseas markets. The EV5 is now arriving as the first electric Kia to be assembled in Singapore, as it rolls out to new global markets.
Kia EV5 arrives as its first locally made EV in Singapore
Shortly after its introduction at the 2023 Chengdu Motor Show, Kia launched the EV5 in China, with prices starting at about 20,000 (149,800 yuan).
Kia is now seeing a full-on recovery in China, largely thanks to the new electric SUV. Its joint venture partner in China, Yueda Kia, ranked first in sales growth among JV brands.
In China, Kia sold over 248,000 vehicles last year, the first time it has crossed the 200,000 mark since 2020. The EV5 is made at Yueda Kia’s manufacturing plant in China and exported to overseas markets like Australia and Thailand.
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In fact, the EV5 is currently the fourth best-selling EV in Australia this year through April, ahead of every BYD vehicle.
The EV5 is slightly smaller than the Tesla Model Y at 4,615 mm in length, 1,875 mm in width, and 1,715 mm in height.
Kia EV5 (Source: Kia Singapore)
After launching the EV5 in Singapore on May 28, Kia hit a milestone. The electric SUV arrives as Kia’s first locally assembled EV in the region.
The EV5 was officially launched during an event at Hyundai Motor Innovation Groupe Centre Singapore, where it will be made. It will join other Hyundai Motor electric cars, including the IONIQ 5 and IONIQ 6. Hyundai also builds the IONIQ 5 robotaxi here and exports it to the US.
Kia EV5 (Source: Kia)
Kia’s distributor, Cycle and Carriage, will sell the EV5 in three variants: Air, Earth, and a sporty GT-line. Two battery sizes will be available, 64.2 kWh and 88.1 kWh, providing range of 400 km and 540 km, respectively.
Prices for the base Air trim start at $194,000 (SDG), including COE. The Earth and GT-Line models start at $210,500 (SDG) and $260,000 (SDG) with COE.
Kia EV5 interior (Source: Kia)
Later this year, Kia will launch the global version of the EV5, which will be made at its Autoland Gwangju manufacturing plant in South Korea. It will be sold in overseas markets, including Europe and Canada, but not the US.
Kia confirmed the EV5 will be “exclusively for the Canadian market” in North America. It will be available in FWD and AWD powertrains. Two battery sizes will be offered: 60.3 kWh or 81.4 kWh, providing a range of up to 500 km (310 miles).
Do we smell a three-peat? The team at Ford Performance is once again competing at the annual Pikes Peak International Hill Climb, and this year is bringing a “Super” version of the all-electric Mustang Mach-E… At least we think there’s a Mach-E in there somewhere.
Pikes Peak—the “Race to the Clouds.” This annual event spanning 12.42 miles to an elevation of over 14,000 feet in the mountains above Colorado has been celebrated for over 100 years. While its hill climb is rooted in tradition and traditional vehicles, it has become an annual opportunity for EV engineers to showcase how much better all-electric models can be.
Last year, Rivian, Hyundai, and Ford Performance all impressed, with the former two automakers snagging records for their vehicle types, while Ford’s “F-150 Supertruck” took the “King of the Mountain” crown for the fastest climb of the day.
This past January, we learned that Ford Performance planned to defend its title at Pikes Peak with its third all-electric demonstrator in as many years. At the time, we only saw a sheeted vehicle that appeared to be relatively low with a massive spoiler, but the glowing front emblem left no doubt that it was a modified version of the Mustang Mach-E.
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Today, Ford Performance unveiled the BEV it will use to climb Pikes Peak, which it is calling the Super Mustang Mach-E. Have a gander.
Source: @FordPerformance/Instagram
Super Mach-E will try to hold Ford’s Pikes Peak crown
Ford Performance shared the images seen above in an Instagram post with the following caption:
12 miles of mountain road. 156 turns. 14,115 feet of elevation. This is the @pikespeakhillclimb, and we’re bringing 6,125 lbs of downforce — and @romaindumas_official — to take it on with the Super Mustang Mach-E.
From the post, we’ve learned the Super Mustang Mach-E will be driven up Pikes Peak by none other than veteran French racer Romain Dumas. Dumas has a wealth of experience in some of the world’s largest (and longest) races, including the 24 Hours of Le Mans, Nürburgring 24 Hours, and the 24 Hours of Daytona.
He has been contracted to Ford Performance since 2022 and has won two of his five Hill Climb victories with the American automaker in the past two years (although the 2023 SuperVan victory was in the division and second overall). Could Dumas tally his sixth career victory at Pike Peak with a three-peat with Ford in the Super Mustang Mach-E?
Ford Performance and Romain Dumas have shown they can do it, so it’s a serious possibility. We will find out on June 22, 2025, when the 103rd running of the Pikes Peak International Hill Climb takes place.
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