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The increasing popularity of electric bicycles with their convenient electric boost has seen more and more commuters riding each day, especially car drivers who wouldn’t have otherwise opted for two wheels. This growth in cycling has spawned calls for improved bike lanes and additional bicycling infrastructure.

Some drivers have interpreted this call for safer bike lanes as if it was some type of “war on cars”. In actuality, car drivers should love seeing more people on bikes and e-bikes. In fact, it’d be better for them if they encouraged more people to switch to bikes. Here’s why.

More cyclists means less traffic

It shouldn’t take any major leaps of logic to realize that each person riding a bike to work or the store can help take another car off the road. Even if you never plan to give up your car entirely, each bike rider means one less car currently on the road creating traffic. Remember: you aren’t stuck in traffic; you are traffic.

But what you might not realize is just what a big impact on traffic reduction bikes can make. A study in Belgium found that when just 10% of drivers switch to two-wheelers, traffic congestion decreases by 40%! Another study in Atlanta, Georgia found that during a period when the city banned rental scooters, travel time for car trips increased by around 10%. And that’s even with many people still riding their own private scooters and bikes!

Suffice it to say that the more people using bikes, scooters, motorcycles, and other personal vehicles, the less traffic for everyone.

More bikes means more parking

You know who doesn’t take up parking spots? Cyclists. The next time you’re driving laps around the block looking for parking or zig-zagging through a packed parking lot, remember that the reason for the lack of parking spots is that everyone is driving a car, just like you. If more people rode bikes, you’d have more empty parking spots.

It’d be pretty easy, too. If you supported initiatives that encourage more people to ride a bike in your city, you’d be sitting pretty in your parking spot more often. It doesn’t cost that much to replace that painted stripe on the ground with bollards, separating the bike lane in a safe way that encourages more people to ride bikes. Just think of all those big, beautiful parking spots those cyclists would be freeing up!

You could have better roads

No one likes driving on beaten-up, pockmarked roads. No one likes dodging road debris. And no one likes waiting for lengthy road construction projects that repair all of that accumulated road damage.

You probably see where this is going. Bikes don’t wear down road surfaces or leave hub caps in the middle of intersections. They’re lightweight vehicles that often don’t even mingle with cars on roads – at least not when they’re given their own protected bike lanes to use.

What you might not realize is just how extreme the difference in road wear truly is. The damage to a road increases with the weight of the vehicle according to the fourth power law. To oversimplify it, a vehicle that is twice as heavy per axle doesn’t do twice as much road damage, but rather 16 times as much. If you consider the average cyclist and bike weight to be 250 pounds compared to an average car at 4,000 pounds, that car is doing around 65,000 times the damage to the road surface. The difference is mind-boggling.

If more people rode bikes, there’d be incredibly less wear and tear on the roads. That means roads would be smoother and more comfortable each day, and there’d be less frequent road work performing repairs. Ultimately, that makes everyone’s lives better.

electric street sweeper for bike lanes

Drivers will feel better when other people ride bikes

When more people ride bikes around you instead of driving, you’ll feel better.

Stick with me, I’ll show you why.

Even the most ardent car drivers have a basic understanding that the exhaust coming out of their car is “not good”. If someone asked you to put your lips around the tailpipe as they turn on your car, you’d probably protest. And I’m guessing the same goes for if someone asked your kid to do the same.

So we all know car emissions are bad. But you might not realize just how bad. Studies put the number of premature deaths worldwide due to automotive exhaust pollution at around a third of a million people each year. That amounted to 361,000 people in 2010 and 385,000 in 2015.

The exhaust from combustion engines is a killer, plain and simple. People literally use car exhaust to kill themselves. Here’s a grim metric from Australia: until catalytic converters became standard, the rate of suicide by car exhaust increased faster than the rate of vehicle registrations.

All of this car exhaust in the air is quite simply poisoning you. Yes, statistically speaking you will likely not be one of the nearly 400,000 people this year to actually die from it. But what other medical problems is it still causing you? The more people that switch from cars to bikes, the less particulate pollution is in the air and the healthier you will be.

And don’t for a second think “Ok, but maybe people can just drive electric cars and that will fix it.” Electric vehicles don’t have tailpipe emissions, but their heavier weights actually cause more tire pollution. Those microscopic bits of tire that get flung into the air eventually either get breathed in or settle into the water system. Either way, they work their way into our bodies and kill us in a slightly different way. We’re only recently learning just how bad this stuff is for us. In fact, particulate pollution from tires is up to 2,000 times worse than tailpipe emission pollution from modern cars. Fun!

And don’t even get me started on the extremely carcinogenic brake pad pollution from cars and trucks.

Long story short: more people riding bikes means that you live in a cleaner and healthier world. Your morning coffee has less tiny bits of tire in it and you won’t die as early from preventable causes like lung cancer or one of dozens of other ailments caused by car pollution.

toyota mpg car driver exhaust

More people riding bikes makes you richer

Want more money? Tell your friends to ride a bike.

I mean, you too could also save a huge amount of money riding a bike. But even if you’re sticking to your car, other people riding bikes saves you money.

That reduced traffic? It saves you fuel cost and increases your productivity by spending less time idling in the middle of the road.

That reduced road wear? Those are your tax dollars that don’t have to be spent on road repairs.

That increased health of the society around you? There are untold healthcare savings there. Insurance companies don’t have to charge as much, dropping your own premiums. Tax dollars don’t have to go towards as much healthcare. You don’t have to buy your kid an inhaler because he never got asthma from the extra car exhaust produced by drivers like you.

That’s all extra money in your pocket, all because a bunch of people started riding their bikes.

aventon soltera electric bike

What have we learned?

Here’s the thing: all of these benefits can only happen if more people get out of their cars and get onto a bike. More people need to turn from drivers into riders. Electric bikes, which make cycling easier (and can make it basically effortless if you use a throttle-controlled e-bike) have made the biggest strides in getting more people onto bike seats. So if you really want to enjoy these benefits, consider giving a bike a try.

But even if you can never see yourself getting around without your car, then you can still enjoy every single one of these benefits simply by encouraging others to use bikes. Support bike lanes being installed in your city. Support incentives for e-bikes. Support safety campaigns that help drivers become more aware of e-bikes. Hell, take an extra glance yourself at intersections for cyclists.

You can sit pretty in your SUV and live a better life simply by helping the rest of us feel better riding our bikes. It’s one of those rare cases where a rising tide lifts all ships. Let’s ride that tide to a more cycling-friendly world, baby!

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BP profit falls sharply but CEO says oil major ‘off to a great start’ in strategy reset

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BP profit falls sharply but CEO says oil major 'off to a great start' in strategy reset

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.

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British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices.

The beleaguered oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $1.38 billion for the first three months of the year. That missed analyst expectations of $1.6 billion, according to an LSEG-compiled consensus.

BP’s net profit had hit $2.7 billion a year earlier and $1.2 billion in the final three months of 2024.

The results come as the energy major faces fresh pressure from activist investors less than two months after announcing a strategic reset.

Seeking to rebuild investor confidence, BP in February pledged to slash renewable spending and boost annual expenditure on its core business of oil and gas.

BP CEO Murray Auchincloss told CNBC’s “Squawk Box Europe” on Tuesday that the firm was “off to a great start” in delivering on its strategic reset.

BP CEO Murray Auchincloss discusses first-quarter results

“We had a great operational quarter. We had our highest upstream operating efficiency in history. Our refineries in the first quarter ran at the best they’ve run in 24 years. We had six exploration discoveries in a row, which is really unusual and we started out three major projects,” Auchincloss said.

For the first quarter, BP announced a dividend per ordinary share of 8 cents and a share buyback of $750 million.

Net debt rose to $26.97 billion in the January-March period, up from $22.99 billion at the end of the fourth quarter. BP had previously warned of lower reported upstream production and higher net debt in the first quarter, when compared to the final three months of last year.

Shares of BP fell 3.3% on Tuesday morning. The firm is down roughly 8% year-to-date.

Activist pressure

BP’s green strategy U-turn does not appear to have gone far enough for the likes of activist investor Elliott Management, which went public last week with a stake of more than 5% in the London-listed firm.

The disclosure makes the U.S. hedge fund BP’s second-largest shareholder after BlackRock, the world’s largest asset manager, according to LSEG data.

Elliott was first reported to have assumed a position in the oil and gas company back in February, driving a share price rally amid expectations that its involvement could pressure BP to shift gears back toward its oil and gas businesses.

BP’s Auchincloss declined to comment on interactions with investors when asked whether the firm was under pressure from the likes of Elliott to go beyond the plans announced in its February pivot.

Notably, BP suffered a shareholder rebellion at its annual general meeting earlier this month. Almost a quarter (24.3%) of investors voted against the re-election of outgoing Chair Helge Lund, a symbolic result that reflected a sense of deep frustration among the firm’s shareholders.

Mark van Baal, founder of Dutch activist investor Follow This, told CNBC last week that he hoped the shareholder revolt means Amanda Blanc, who is leading the process to find Lund’s successor, will look for a new chair who is “climate competent” and “will not respond to short-term activists so quickly.”

Lund is expected to step down from his role next year.

Takeover candidate

BP’s underperformance relative to industry peers such as Exxon Mobil, Chevron and Shell has thrust the energy major into the spotlight as a prime takeover candidate. Energy analysts have questioned, however, whether any of the likeliest suitors will rise to the occasion.

BP’s Auchincloss on Tuesday said that he wouldn’t speculate on whether the company is a takeover target, but confirmed the oil major had not asked for any sort of protection from the British government.

“What I will say is we’re a strong, independent company and we’ve got sector-leading growth. And if we can deliver the sector-leading growth, and the first quarter is a fantastic example of that, then I have no concerns. I think we’re going to do great,” Auchincloss said.

Murray Auchincloss, chief executive officer of BP, during the “CERAWeek by S&P Global” conference in Houston, Texas, on March 11, 2025.

Bloomberg | Bloomberg | Getty Images

Oil prices have fallen in recent months on demand fears. International benchmark Brent crude futures with June delivery traded at $65.19 per barrel on Tuesday morning, down more than 1% for the session. That’s lower from around $84 per barrel a year ago.

Asked whether weaker crude prices could put the some of the firm’s reset plans in jeopardy, Auchincloss said, “Not really. We have a balance of products that we think about that generate revenue for us. So, oil, natural gas and refined products as well.”

— CNBC’s Ruxandra Iordache contributed to this report.

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The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

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The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

Germany’s largest offshore wind farm under construction, EnBW’s He Dreiht, just hit a big milestone: The first enormous turbine is now up in the North Sea.

He Dreiht – which means “it spins” in Low German – is using Vestas’s massive 15 megawatt (MW) turbines, the first project in the world to install them. Just one spin of one of the rotors can generate enough electricity to power four households for an entire day.

When it’s finished, He Dreiht will have 64 mega turbines cranking out 960 megawatts (MW) of clean power – enough to supply around 1.1 million homes. And it’s being built without any government subsidies.

EnBW, one of Germany’s major energy companies, has been working in offshore wind for more than 15 years, but He Dreiht is their biggest project yet. “It will play a key role in helping us to significantly grow our renewable energy output from 6.6 GW to over 10 GW by 2030,” said Michael Class, who heads up EnBW’s generation portfolio development.

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The project is a win for Vestas, too. “With the installation of the first V236-15.0 MW, we have reached an important milestone for both the He Dreiht project and our offshore ramp-up, which helps Germany build a more secure, affordable, and sustainable energy system,” said Nils de Baar, president of Vestas Northern & Central Europe.

He Dreiht is located about 85 kilometers (53 miles) northwest of Borkum and 110 kilometers (68 miles) west of Helgoland. At peak times, more than 500 workers will be out at sea building the farm, using a fleet of more than 60 ships. EnBW’s offshore team in Hamburg is running the show.

The installation process is a major operation. The 64 foundations were already set in the seabed last year. Parts for the turbines are loaded onto the installation vessel Wind Orca in Esbjerg, Denmark, and shipped out in a 12-hour journey to the construction site. From there, the turbines are lifted into place. Meanwhile, crews are also working on internal wind farm cabling.

A partner consortium made up of Allianz Capital Partners, AIP, and Norges Bank Investment Management owns 49.9% of the shares in He Dreiht.

Read more: Trump admin halts $5 billion NY offshore wind project mid-build


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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

Tesla has released a quick update about its Tesla Semi factory in Nevada. It says that it is on track for volume production of the electric semi truck in 2026.

The Tesla Semi was first scheduled to go into production in 2019, but it has faced numerous delays.

Now, it appears that there is finally some momentum to bring it to volume production.

For the last two years, Tesla has been working to build a new factory next to Gigafactory Nevada, where it builds the battery packs and drive units for most of its electric vehicles built in North America.

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Today, Tesla released a “progress update on the factory, confirming that it finished building and it’s now working on deploying the production lines:

Tesla had previously mentioned aiming for volume production by 2025, but it is now only talking about starting production toward the end of the year and ramping up next year.

The automaker reiterated its planned production capacity of 50,000 units.

We recently reported that an early Tesla Semi customer, Ryder, stated that the electric truck program is experiencing more delays and a price increase described as “dramatic.”

They now expect to take deliveries of their first trucks later in 2026 and said that the price has increased “dramatically,” leading them to scale back their pilot program from 42 to 18 Tesla Semi trucks.

When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.

However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2022. Price increases have been speculated, but the company has never confirmed them.

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