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2024 was a strong year for aeolian energy in Germany, with permit awards for onshore wind turbines accelerating, according to industry data — but the upcoming Feb. 23 election means the sector now faces uncertainty, amid vocal skepticism from the two parties leading in the polls.

Friedrich Merz, the leader of the center-right Christian Democratic Union (CDU), which is polling in first place with around 30% of support alongside its affiliate party the CSU, has described wind power as a “transitional technology.” Speaking to public broadcaster ZDF late last year, he said he hoped “ugly” wind turbines could be dismantled eventually, “because they do not fit into the landscape.”

The far-right Alternative fuer Deutschland, which is second in national polls and expected to secure around 20% of votes, took the rhetoric even further. The party’s chancellor candidate Alice Weidel has threatened to tear down all wind turbines, which she reportedly labeled as “windmills of shame.” The AfD has called climate change into question and has frequently dismissed actions taken to tackle the environmental crisis.

Wind power, a form of renewable energy used to generate electricity, is considered important in the transition away from fossil fuels.

Wolf-Peter Schill, an energy economist at the German Institute for Economic Research (DIW Berlin), said some of the “wind power-bashing” during the election campaign has been “absurd” at times, particularly from the AfD.

“The AfD is, in many respects, a nightmare — also in terms of their wind power takes, but I think it is not super relevant as they will not be in power,” Schill told CNBC over video call.

Despite the AfD polling in second place, all other major parties in Germany have so far committed to not entering a coalition government with them, meaning they will likely form part of the opposition after the election.

“What the CDU, the conservative party, does is much more relevant, at least for the next government,” Schill noted.

Germany’s wind energy expansion

Schill cited a recent report from the German Wind Energy Association and engineering foundation VDMA Power Systems, which said the country achieved a historic milestone for onshore wind energy in 2024.

Europe’s largest economy licensed more than 2,400 onshore wind turbines last year, the report said, representing a combined capacity of more than 14 gigawatts. Contracts awarded for onshore wind turbines also rose to a record high, it added.

Dennis Rendschmidt, managing director of VDMA Power Systems, told CNBC that the record figures highlighted the effectiveness of legal changes and political measures implemented in recent years. They also signaled a new dynamic for the sector, he said.

“This momentum needs to be kept up by a new federal government,” Rendschmidt added, according to a CNBC translation of emailed comments. The expansion of wind energy must continue without restrictions, he said, as that would lead to lower energy costs, create jobs, secure energy supply and reduce dependence on energy imports.

DIW Berlin’s Schill sees few potential hurdles.

“All the conditions are really set for future growth,” he said, noting that the only obstacles could emerge if the incoming government slows down the pace of expansion, for either ideological reasons or a lack of understanding of the role wind power will have in energy systems.

Giles Dickson, CEO of industry trade group WindEurope, told CNBC that in the likely scenario of a CDU-led government, there should only be a little concern for the sector.

“If you’re looking at a CDU-led government, with either the [Social Democratic Party] or the Greens in coalition, or both, then that to us does not represent storm clouds at all,” he said.

The party is not neglectful when it comes to climate change and at least does not strongly oppose wind energy, Andreas Reuter, managing director of the Fraunhofer Institute for Wind Energy Systems (IWES), told CNBC when elaborating on the position of the likely leader of Germany’s new coalition, the CDU/CSU.

Although the CDU was previously critical of wind turbines, Reuter said the party would likely deem them “acceptable” for now, as they are broadly reliable and produce cheap energy.

Renewable energy challenges

While the change in government may not mean that trouble for German wind energy is imminent, the new ruling coalition will face challenges when it comes to renewables and wind power.

That includes updates to Germany’s Renewable Energy Sources Act, a German law designed to ensure the country can produce 80% of its electricity from renewable sources by the end of the decade, Dickson pointed out.

Solar and wind energy are key for these ambitions, as Germany’s efforts towards winning energy from nuclear fusion — which is widely deemed a highly sustainable power source — are still in the research and planning stage. Germany shut off its last remaining traditional nuclear power plants in 2023.

The new government will have to work on a new iteration of the law, he said, suggesting that industry bodies will need to keep a close eye on those developments and seek close dialogue with the government to shape changes.

The goals Germany currently has for growing its renewable energy production and usage are another area that will involve adjustments. Some of these targets are already “completely unrealistic,” IWES’ Reuter said.

That means the government will have to cut its targets or they would miss them each year, he said, noting that the current plans were “aggressive” — but that this was helpful in showing that renewables were a priority and to encourage people to think big and create a positive environment around the issue.

“On the other hand, we still have a gap, which is getting bigger and bigger the closer we get to 2030 and the question is, how do we want to fill the gap? When are we going to accept that we’re not going to meet these targets? And this will be again, interesting discussions for the next government,” he said.

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Tesla Model 3 and Model Y prices rose higher in March as sales fell

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Tesla Model 3 and Model Y prices rose higher in March as sales fell

Tesla average transaction prices (ATPs) in March are estimated at $54,582, higher year-over-year by 3.5% and higher than in February, according to the latest monthly new-vehicle ATP report from Cox Automotive’s Kelley Blue Book. 

Average transaction prices for the Tesla Model 3 and Model Y were higher month-over-month and year-over-year in March. Tesla’s sales in Q1 continued their long-term decline after peaking in Q1 2023. Estimates from Kelley Blue Book suggest Tesla’s sales in Q1 2025 were lower year-over-year by more than 8%. Its deliveries were also worse than expected.

New EV prices in March overall are initially estimated by Kelley Blue Book to be $59,205, higher year-over-year by 7.0%. New EV prices increased from the revised higher February ATP of $57,015.

The ATP for an EV last month was nearly 25% higher than the industry average of $47,462, widening the price gap between new EVs and gas-powered cars even more. 

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But EVs are still seeing heftier incentives than the industry average. In March, the average EV incentive came in at 13.3% of the transaction price – down 1% from February’s revised 14.3% but still well above what gas cars are getting.

So, where are we heading? Higher prices, thanks to Trump’s tariffs. But what that will look like remains to be seen. Erin Keating, executive analyst at Cox Automotive, said, “All signs point to higher prices this summer, as existing ‘pre-tariff’ inventory is sold down to be eventually replaced with ‘tariffed’ inventory. How high prices rise for consumers is still very much to be determined, as each automaker will handle the price puzzle differently.”

Read more: EV incentives surged to 14.8% of ATP in Feb – highest in 5+ years


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BYD launches its first EVs with ultra-fast charging starting at just $30,000

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BYD launches its first EVs with ultra-fast charging starting at just ,000

BYD just launched the first EVs based on its new Super e-platform with ultra-fast charging. The new Han L sedan and Tang L SUV can gain nearly 250 miles range in 5 minutes, and prices start at just $30,000.

Meet BYD’s new EVs with ultra-fast charging

During a launch event on April 9, BYD introduced the new EV models, claiming its engineers have “achieved the master realm of Chinese technology.”

The Han L and Tang L are the first EVs based on BYD’s 1000V Super e-platform. After unveiling the ultra-fast EV charging platform last month, BYD’s CEO, Wang Chuanfu, said to ease charging anxiety, “The ultimate solution is to make charging as quick as refueling a gasoline car.”

That solution is now here. BYD’s new Han L is available in three trims, starting at just 219,800 yuan ($30,000), lower than the pre-sale price of 270,000 yuan ($36,800).

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BYD’s new electric sedan is 5,050 mm long, 1,960 mm wide, and 1,505 mm tall, or about the size of a Tesla Model S (5,021 mm long, 1,987 mm wide, and 1,431 mm tall).

All variants are powered by an 83.2 kWh BYD Blade battery, providing up to 435 miles (701 km) of CLTC driving range. Based on BYD’s 1,000V architecture, the Han L comes with two charge guns with an up to 10C charge rate.

Nearly 250 miles in just 5 minutes?

With ultra-fast charging, the electric sedan can gain 400 km (248 miles) in just five minutes. In six minutes, it can recharge from 10% to 70%, and in just 20 minutes, it can fully recharge (0% to 100%) the battery.

Like all its new EV models, the Han L is equipped with BYD’s God’s Eye smart driving assist system. It features the mid-tier “B” version and DiPilot 300.

BYD-EVs-ultra-fast-charging
BYD Tang L electric SUV with ultra-fast charging (Source: BYD)

BYD’s new electric SUV, the Tang L, is also offered in three trims. It starts at 239,800 yuan ($32,700), also below the pre-sale price of 280,000 yuan ($38,200).

The Tang L is also based on BYD’s 1,000V architecture and ultra-fast charging platform. Powered by a 100.5 kWh battery, it has a CLTC range of up to 435 miles (701 km) and can gain 230 miles (370 km) in 5 minutes. It will take about 30 minutes to go from 0% to 100%.

BYD’s electric SUV is 5,040 mm long, 1996 mm wide, and 1,760 mm tall, or slightly bigger than the new Tesla Model Y Juniper in China (4,797 mm long, 1,920 mm wide, and 1,624 mm tall).

Like the Han L EV, the electric SUV has BYD’s God’s Eye B ADAS system with DiPilot 300. Both the Han L and Tang are available as PHEVs, starting at 209,800 yuan ($28,500) and 229,800 yuan ($31,300).

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Affirm surges 20% as fintech rallies on tariff pause, but risk remains

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Affirm surges 20% as fintech rallies on tariff pause, but risk remains

Thomas Fuller | Sopa Images | Lightrocket | Getty Images

The fintech sector is rallying Wednesday following the Trump administration’s announcement of a 90-day pause on planned tariffs. 

Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. 

The 90-day pause doesn’t eliminate the threat of tariffs — it just delays it. Investors are still pricing in risk, including inflation, discretionary pullbacks, hardware import costs and credit exposure.

Legacy payment networks such as Visa and Mastercard, both up 6%, continue to benefit from inflation and their structural ties to nominal GDP. These companies take a percentage of every transaction. That makes rising prices a tailwind.

“If prices are moving up for certain goods and you’re paying with a credit card, it’s actually good for the credit card companies,” said Dan Dolev, a fintech analyst at Mizuho.

Their pricing structure has historically made them resilient during inflationary periods, including recessions. The situation is less rosy for the new wave of consumer lending fintechs.

Affirm, which specializes in allowing consumers to buy now and pay later, could suffer if consumers pull back spending when the pause is lifted as a result of tariffs causing prices to rise. The San Francisco-based company could see its revenue less transaction costs margins — essentially what the company pockets after paying processing fees and customer incentives — drop more than 22% in that scenario, according to a Goldman Sachs estimate on Tuesday. 

The adoption of buy now, pay later may rise as consumers hit credit limits, said SIG analyst James Friedman, but he added that the model remains untested in a downturn. 

Toast, Block and Fiserv, which was up 6%, develop software used by restaurants and small businesses. Those companies could face rising hardware costs and softening demand from customers if the tariffs go through.

Meanwhile, cross-border payments — one of the most profitable segments for Visa, Mastercard and PayPal — remain under pressure as global travel slows and e-commerce flows adjust to the uncertainties of Trump’s tariffs. 

Even remittance players such as Remitly and Western Union, both up 8%, could face longer-term pain if immigration pipelines slow or remittance corridors tighten under regulatory scrutiny. Similar to cross-border commerce, remittances depend on a steady flow of people and transactions, both of which remain fragile.

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PayPal CEO Alex Chriss: Huge opportunity to deliver to consumers and help small business

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