Connect with us

Published

on

The rise of electric bicycles is leading to a critical shift in urban transportation, bringing with it the potential for cleaner cities, reduced traffic congestion, and a boost to riders’ physical and mental health. However, there are still two significant barriers preventing many from adopting this green mode of transportation. The strange thing though is that neither of the two biggest problems with e-bikes are even about e-bikes themselves.

The deadly risk of cycling on roads

Riding an e-bike is almost entirely a positive experience in and of itself – at least if you ignore outside factors. Riders get where they’re going faster, they save money, and they get healthy.

But if you ask those who are bike-curious why they haven’t made the switch from their car to a bike, the most common answer will be something to do with getting hit by a car.

And it’s not an irrational fear. While most cyclists are likely never to get hit, especially when employing safe riding tips and practices, there’s no getting around the fact that the rate of cycling injuries and deaths is increasing in the US.

There’s plenty of blame to go around for this problem. Part of it can be related to car bloat, where every year we see cars growing a little bit bigger and heavier, resulting in today’s massive SUVs and trucks. Part of it can be attributed to distracted drivers who are increasingly tied to their phones instead of looking out for other road users. But the biggest culprit of all – and the one thing that can help negate all of those other issues – is a distinct lack of widescale safe cycling infrastructure.

Every year, countless cyclists lose their lives in collisions with motor vehicles. The juxtaposition of lightweight bicycles and heavy, fast-moving vehicles, especially in areas without designated bike lanes, means that cyclists are always the losers regardless of who’s at fault in a crash.

Cities worldwide must recognize this urgent issue and invest in creating safer infrastructure for cyclists. This means constructing protected bike lanes, especially those separated from traffic by barriers or a safe distance.

But it also means more comprehensive road safety campaigns, focusing on educating drivers about sharing the road. And lastly, penalizing dangerous driving. Speed cameras are a simple and easy way to enforce the most common cause of accidents (and the largest risk that an accident leads to injury or death), speeding cars. Other methods should also be explored. There’s no reason to allow dangerous driving that threatens other road users to go unchecked.

An AI-generated image of a bike lane has the right idea, even if it’sk a bit bollard-heavy. And yet, there’s still a van in the bike lane…

The lurking threat of bike theft

Even if we suddenly solved the issue of dangerous car drivers killing cyclists, there’d still be one other major hurdle to promoting widespread e-bike adoption: bike theft. It’s one of the main concerns potential e-bike riders face, with rampant theft of bicycles in urban areas now increasingly focusing on electric bikes for their higher value and ability to part out the expensive components.

E-bikes are often pricier than their traditional counterparts due to their motors and battery systems, making them especially attractive targets for thieves. The anxiety of leaving a pricey investment locked in public has deterred many potential riders.

electric bike stolen

One solution to this problem lies in strengthening security infrastructure. Cities can invest in more secure bike parking stations, equipped with surveillance systems and secure locking structures. Property owners can also contribute by providing safe indoor storage spaces for residents and employees. I recently spoke with LeGrand Crewse, the CEO of California-based e-bike company SUPER73, who told me about a local project where the company partnered with high schools to help build secure locking rooms on campus to ensure students wouldn’t have to worry about an expensive bike being stolen during the day.

Focusing on locking education, especially on which locks are higher quality and how to use multiple locks in unison, can help riders feel more confident about protecting their rides. I’ve used a Foldylock Forever from Seatlylock for the last few months and found it to be one of the best, most secure locks I’ve ever tried.

Education is key, but the best and most effective option relies upon cities helping to create safer locking locations. You don’t have to go full-Amersterdam, though that’d be a good place to draw inspiration. Check out the impressive bike parking garages I saw on my last visit to The Netherlands.

A call to action

While e-bikes offer a promising solution to many urban transportation problems, their potential remains needlessly limited by theft concerns and safety issues. These are issues with solutions, and we should work to implement those solutions.

As cities look to a more sustainable future, it’s imperative to tackle these challenges head-on. Safe and secure bike parking and dedicated protected bike lanes are not luxuries; they are necessities in a world where we rely on smaller and more efficient alternatives to the cars and SUVs that have taken over our cities.

It’s time to fix these problems and reimagine our urban spaces to ensure that everyone, from e-bike riders to pedestrians, can move about safely and confidently.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Solar and wind industry faces up to $7 billion tax hike under Trump’s big bill, trade group says

Published

on

By

Solar and wind industry faces up to  billion tax hike under Trump's big bill, trade group says

Witthaya Prasongsin | Moment | Getty Images

Senate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump‘s big spending bill.

The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric grid, and potentially raise electricity prices for consumers, trade groups warn.

The Senate GOP released a draft of the massive domestic spending bill over the weekend that imposes a new tax on renewable energy projects if they source components from foreign entities of concern, which basically means China. The bill also phases out the two most important tax credits for wind and solar power projects that enter service after 2027.

Republicans are racing to pass Trump’s domestic spending legislation by a self-imposed Friday deadline. The Senate is voting Monday on amendments to the latest version of the bill.

The tax on wind and solar projects surprised the renewable energy industry and feels punitive, said John Hensley, senior vice president for market analysis at the American Clean Power Association. It would increase the industry’s burden by an estimated $4 billion to $7 billion, he said.

“At the end of the day, it’s a new tax in a package that is designed to reduce the tax burden of companies across the American economy,” Hensley said. The tax hits any wind and solar project that enters service after 2027 and exceeds certain thresholds for how many components are sourced from China.

This combined with the abrupt elimination of the investment tax credit and electricity production tax credit after 2027 threatens to eliminate 300 gigawatts of wind and solar projects over the next 10 years, which is equivalent to about $450 billion worth of infrastructure investment, Hensley said.

“It is going to take a huge chunk of the development pipeline and either eliminate it completely or certainly push it down the road,” Hensley said. This will increase electricity prices for consumers and potentially strain the electric grid, he said.

The construction industry has warned that nearly 2 million jobs in the building trades are at risk if the energy tax credits are terminated and other measures in budget bill are implemented. Those credits have supported a boom in clean power installations and clean technology manufacturing.

“If enacted, this stands to be the biggest job-killing bill in the history of this country,” said Sean McGarvey, president of North America’s Building Trades Unions, in a statement. “Simply put, it is the equivalent of terminating more than 1,000 Keystone XL pipeline projects.”

The Senate legislation is moving toward a “worst case outcome for solar and wind,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.

Shares of NextEra Energy, the largest renewable developer in the U.S., fell 2%. Solar stocks Array Technologies fell 8%, Enphase lost nearly 2% and Nextracker tumbled 5%.

Trump’s former advisor Elon Musk slammed the Senate legislation over the weekend.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” The Tesla CEO posted on X. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

Catch up on the latest energy news from CNBC Pro:

Continue Reading

Environment

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Published

on

By

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Is Nissan raising the red flag? Nissan is cutting about 15% of its workforce and is now asking suppliers for more time to make payments.

Nissan starts job cuts, asks supplier to delay payments

As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.

Nissan said it will begin talks with employees at its Sunderland plant in the UK this week about voluntary retirement opportunities. The company is aiming to lay off around 250 workers.

The Sunderland plant is the largest employer in the city with around 6,000 workers and is critical piece to Nissan’s comeback. Nissan will build its next-gen electric vehicles at the facility, including the new LEAF, Juke, and Qashqai.

Advertisement – scroll for more content

According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.

Nissan-delays-supplier-payments
The new Nissan LEAF (Source: Nissan)

“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.

The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.

Nissan-delays-supplier-payments
Nissan N7 electric sedan (Source: Dongfeng Nissan)

One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.

Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.

Nissan-Micra-EV
The new Nissan Micra EV (Source: Nissan)

“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.

Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.

Nissan-delays-supplier-payments
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.

As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.

Electrek’s Take

With an aging vehicle lineup and a wave of new low-cost rivals from China, like BYD, Nissan is quickly falling behind.

Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.

In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.

The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.

Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Elon Musk said to bet on Tesla delivering Robotaxi in June, yet those who did just lost big

Published

on

By

Elon Musk said to bet on Tesla delivering Robotaxi in June, yet those who did just lost big

Elon Musk said just a few weeks ago that betting on Tesla delivering its promised Robotaxi in June is a “money-making opportunity,” and yet, those who listened to him just lost big.

A fan of Musk lost $50,000 betting on Tesla Robotaxi.

With the rise in prediction markets, you can bet on virtually everything these days.

Sites like Polymarket have about a dozen prediction markets related to Tesla, where anyone can bet on events such as Tesla delivering its robotaxi service.

Advertisement – scroll for more content

There have been a couple of specific markets about that, and Musk directly commented on one titled “Will Tesla launch a driverless Robotaxi service before July?:

Less than two weeks ago, the market gave Tesla only a 14% chance of launching the service, and Musk called it a “money-making opportunity.”

At the time, less than $500,000 was traded on this market, but Musk made it way more popular.

Now, over $7 million has been traded on this market, and while Tesla claims to have launched its Robotaxi service on June 22nd, the market currently gives Tesla less than 1% chance today, with less than a day left in June.

Each prediction market has clear “resolution” rules and Musk evidently didn’t read them before suggesting there was money to be made betting “yes”:

This market will resolve to “Yes” if Tesla publicly launches a fully driverless taxi service by June 30, 11:59 PM ET. Otherwise, it will resolve to “No.”

Any service that allows a member of the general public to summon and ride in a Tesla vehicle operating without any human—onboard or remote—actively controlling the vehicle will count. A human may be present in the vehicle or monitoring remotely for emergency intervention, but they must not be physically positioned to take control (for example, no safety driver in the driver’s seat) and must not actively steer, brake, accelerate, or otherwise drive the car under normal operation.

A program that is restricted to Tesla employees, invite-only testers, closed-beta participants, factory self-delivery features, or the mere release of Full Self-Driving software for private owner-drivers will not qualify. Regulatory permits or approvals, press demonstrations, and prototype unveilings without live public ridership likewise will not count toward resolution.

This market’s resolution source will be a consensus of credible reporting.

There are a few things in the resolution that disqualify what Tesla launched on June 22nd. First off, there’s a human inside the vehicle ready to take control with their finger on a kill switch. We have already seen interventions from the in-car Tesla supervisor, who are still very much necessary.

Secondly, the resolution requires a launch that is not restricted to an invite-only basis, which is currently the case.

The level of remote operations could also prove challenging to confirm, and it is part of the resolution.

Electrek found someone who lost $50,000 following Musk’s “money-making opportunity”:

Someone else has lost $28,000 and is now betting another $27,000 that Tesla will achieve this by the end of July.

Currently, Polymarket‘s odds only put a 21% chance of Tesla delivering on the service based on the previously mentioned resolution before August:

There’s another market predicting if “Tesla launches unsupervised full self-driving (FSD) by the end of 2025” that has arguably an even more restrictive resolution, and it currently gives it a 59% chance of happening:

With Polymarket, users are not really “betting” on an outcome, but they are trying to beat the current odds by buying shares in “yes” or “no”, which they can sell to other users before the end of the timeline.

Electrek’s Take

It’s quite amusing that Musk was so confident people would believe in his Robotaxi that he didn’t bother to investigate what other people think an actual robotaxi service would entail, like in the Polymarket resolution.

Historically speaking, you are way better off betting against whatever timeline Musk claims about self-driving. He has been consistently wrong about it for a decade now.

Polymarket even has a market about Tesla launching unsupervised self-driving in California this year. I threw some money in that one because California has much stricter regulations when it comes to self-driving, and it requires a lot of testing before being deployed, as described in the resolution.

I doubt Tesla can go through that this year, but it’s not impossible.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending