Connect with us

Published

on

Putin’s war on energy is testing solidarity between EU nations

Contributor / Contributor / Getty Images

Russia’s continuing war in Ukraine is causing a “very, very challenging” situation in Europe, which is testing its countries’ solidarity not only in how they react to Putin’s aggression, but also in how they deal with the aftereffects.

The conflict’s impacts on energy have rippled across Europe: Germany has scrambled to bolster its natural gas storage, French President Emmanuel Macron has encouraged people to cut their gas usage by 10% ahead of winter, and Italy is looking to scale back gas consumption by 7%.

“We have never experienced such a challenging experience,” Paolo Gentiloni, the EU’s economics commissioner, told CNBC on Oct. 12.

“I’m calling [for] European action, European solidarity, because the experience we had in the previous crisis … was that acting together, responding together, you are not only able to avoid divisions among European countries but you have a strong, strong reaction,” Gentiloni said, referring to the unanimous, albeit “slow” procurement and rollout of Covid-19 vaccines in 2021.

Gentiloni also referred to a “common tool” that could be used across the EU to help member states combat the energy crisis. 

“I’m not calling for further common debt,” Gentiloni highlights, “because we have a big common debt for what we call next generation EU. I’m calling for a common tool based on loans to face the emergency that we have,” he said. 

Divisions in the ranks?

But divisions are starting to show in how countries are approaching the energy crisis. 

Poland, Belgium, Italy and Greece are among the countries proposing a gas “price corridor” across Europe in an attempt to tackle soaring prices. 

The gas price corridor, “should act as a circuit breaker and disincentive to speculation. It is not meant to suppress prices at an artificially low level,” according to a draft proposal, as reported by Reuters.

But other countries, including Germany, are thought to oppose the plan over fears that capping prices could have negative impacts on energy security.

The corridor is thought to have been discussed on Oct. 7, but no further details have been released.

Meanwhile, Germany has already put provisions in place as winter approaches.

Chancellor Olaf Scholz announced a 200 billion euro ($193 billion) package to subsidize basic consumption for households and small and medium-sized companies on Sept. 30. 

EU's Gentiloni says Germany should commit to not buying energy ahead of other countries

But Germany working independently of the wider European community has prompted questions over the country’s commitment to a unified response to the energy crisis, with fears that the package could have a negative impact on the country’s neighbors.

When asked whether Germany should commit to not buying energy ahead of other European countries, Gentiloni said that would be “a very good move.”

“I would say not only for Germany, [but also] for Italy, for other countries that are understandably on their own in looking for energy sources, alternative[s] to Russian fossil fuels,” Gentolini said.

“I’m not criticizing Germany,” Gentiloni emphasized, “but asking for something more from the EU.”

Others have been more direct in their disapproval of Germany’s role in Europe’s energy crisis, including Polish Prime Minister Mateusz Morawiecki.

“This is our collective problem,” Morawiecki said, “it cannot be so, that one country, which is the richest and the most developed in Europe like Germany … can block everything which is now happening,” he said, referring to the proposed gas corridor.

“We don’t want to be patronized by some countries which then behave in a completely different way than they were expected to do just before,” he told CNBC’s Charlotte Reed in an exclusive interview on Oct. 6.

Why investors worry about the euro

Poland’s Finance Minister, Magdalena Rzeczkowska, took a more balanced approach, saying that while Europe should try to “find common solutions for all” that won’t “disturb the equal playing field in Europe,” she could understand why countries may put forward their own proposals.

“The energy discussions are taking too long,” Rzeczkowska told CNBC’s Geoff Cutmore at the 2022 Annual Meetings of the International Monetary Fund and the World Bank Group in Washington, D.C.

“Poland is [also] doing our own programs, our own solutions, because we cannot wait. But still, we need to be strong, we need to have a coordinated approach,” she said.

Eurogroup President Pascal Donohoe said he too could understand why countries are bringing forward their own policies rather than waiting for an approach with EU-wide approval.

Poland finance minister: EU energy support packages should be a common solution for all

“Every single government is looking at the right measures for their own governments,” he said, also speaking from Washington.

IMF chief economist Pierre-Olivier Gourinchas said he was unable to comment on whether Germany’s plan would work as “we don’t have details yet.”

While specifics have yet to be released, the plans are set to run until 2024, and include electricity and gas price brakes, reactivation of the Economic Stabilisation Fund, which was used to bail out Lufthansa during the pandemic, and a reduction of gas VAT.

Continue Reading

Environment

Electreon and Xos to deploy wireless charging for commercial EV deliveries like UPS in Michigan

Published

on

By

Electreon and Xos to deploy wireless charging for commercial EV deliveries like UPS in Michigan

The State of Michigan has announced a new partnership with wireless EV charging specialist Electreon and Commercial EV manufacturer Xos, Inc. Together, the companies have secured funding from the state to expand wireless charging availability for commercial vehicles, including UPS trucks in Detroit.

It’s been nearly a year since the Michigan Department of Transportation (MDOT), the City of Detroit, and Electreon ($ELWS) unveiled the first wireless EV charging roadway in the United States.

Michigan installed Electreon’s wireless inductive-charging coils (seen below) on 14th Street in Detroit between Marantette and Dalzelle streets to charge EVs equipped with Electreon receivers as they drive on the road.

At the time. MDOT and Detroit officials said the road would be used to test and perfect Electreon’s wireless EV charging technology in a real-world environment before “making it available to the public in the next few years.”

While the public will not be able to take advantage of wireless charging just yet, commercial EVs are gaining access thanks to a new partnership between Electreon, Xos ($XOS), and the State of Michigan.

  • Michigan wireless EV charging
  • Michigan wireless EV charging

Michigan progresses as US wireless EV charging leader

When Michigan announced the first wireless EV charging road in the US last year, officials shared hopes that the Great Lakes State and the city of Detroit could become leaders in the innovation and and deployment of such nascent technology.

Following a press release from Electreon, the State of Michigan confirmed details of the new partnership, which now includes commercial EV developer Xos, Inc. as well. The new commercial partnership is supported by $200,000 in funding from the Michigan Mobility Funding Platform (MMFP), building off the state’s “Make it in Michigan: economic strategy, developed by the Michigan Economic Development Corporation (MEDC) to invest in the state’s people, places and projects. 

Through the partnership and coinciding state funding, Electreon will extend its wireless EV charging network and use cases in Michigan. Additionally, Electreon’s technology will be integrated into delivery step vans from Xos in order to “demonstrate wireless charging technological value and its potential to lower the total cost of ownership (TCO) in the electrification of commercial truck fleets.” Stefan Tongur, vice president of business development for Electreon, elaborated:

We’re excited to demonstrate how Electreon’s technology can optimize electric fleet usage and showcase the seamless integration of wireless charging into daily fleet operations, minimizing downtime and enabling charging across time and location. We’re proud to do this work in Michigan, a state fostering innovation and sustainable transportation solutions.

In addition to expanding wireless charging on Detroit’s first “electric roadway,” the Michigan project will enable the installation of stationary wireless charging at a UPS facility in Detroit. Xos co-founder and CEO Dakota Semler also spoke:

We are proud to partner with Electreon and support UPS to demonstrate the potential of wireless charging in commercial fleets. This innovative approach will revolutionize how we power our electric vehicles and drive fleet electrification forward.

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

Continue Reading

Environment

Here’s our first look at Jaguar’s new luxury electric 4-door GT [Images]

Published

on

By

Here's our first look at Jaguar's new luxury electric 4-door GT [Images]

The iconic British luxury automaker is undergoing a major brand overhaul. With its official debut around the corner, Jaguar’s electric 4-door GT, the first of its new series, was spotted testing on British roads. The new images give us a closer look at what we can expect from the revamped Jag brand.

Jaguar’s new electric GT makes its first appearance

After building internal combustion-powered sports cars for over 75 years, Jaguar will become an all-electric luxury brand from 2025.

The company announced earlier this year that it will start fresh with an entirely new range of EVs. After killing off the F-Type, E-Pace, XF, and soon the F-Pace SUV, we are finally getting our first look at what the new branding will look like.

Jaguar’s new electric 4-door GT was caught testing on British roads. The camouflaged prototypes reveal a radically different look than the Jag models we are accustomed to.

You can see one of the biggest changes is the low-riding, extended silhouette, as opposed to the crossover SUV and sedan models like the F-Type and I-Pace, Jaguar’s first EV.

The front and rear bumper designs also appear much more aggressive and bold than previous models.

Jaguar's-electric-GT
Jaguar electric 4-door GT prototype (Source: Jaguar Land Rover)

Jaguar’s electric GT is being put through the paces ahead of its debut. It has already completed tens of thousands of testing miles (virtual and real-world) and will soon hit public streets worldwide.

The new model will be built in Solihull, UK, where Jaguar recently ended production of its gas-powered models.

Jaguar's-electric-GT
Jaguar electric 4-door GT prototype (Source: Jaguar Land Rover)

It will be the first to ride on Jaguar’s new JAE (Jaguar Electric Architecture), which will underpin its upcoming lineup of high-end luxury EVs with prices over £100,000 ($130,000). The electric GT will have a range of over 434 miles (700 km) and upwards of 575 hp, making it Jaguar’s most powerful car of all time.

Jaguar will debut its Design Vision Concept at Miami Art Week on December 2, 2024. Next Summer, it’s expected to make its official global debut ahead of deliveries in 2026.

What do you think of Jaguar’s new design based on what’s shown? Are you excited about the brand overhaul? Let us know in the comments below.

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

Continue Reading

Environment

Tesla pushes end-to-end neural networks for highway driving, but only for newer vehicles

Published

on

By

Tesla pushes end-to-end neural networks for highway driving, but only for newer vehicles

Tesla has pushed a new (Supervised) Full Self-Driving update with the promised end-to-end neural networks for highway driving.

However, it’s only for newer vehicles.

“End-to-end” is what Tesla refers to as neural net-powered AI driving the vehicle from vision to controls rather than the controls being explicitly coded. It’s already the case in all widely released versions of (Supervised) Full Self-Driving (FSD) for city driving, but not for highway driving, which uses another software stack.

Tesla originally planned to deliver it for highway driving in October, but it was only delivered to a small number of vehicles.

In its latest AI roadmap, Tesla said that it would come the first week of November instead.

Now, Ashok Elluswamy, Tesla’s head of self-driving and AI, said that the latest release with end-to-end highway driving (v12.5.6.3) has been widely pushed to HW4 vehicle owners:

With the latest release (v12.5.6.3), FSD is using end-to-end neural networks for driving across highways, city streets and parking lots, and has now shipped widely for AI4 vehicles. Highway driving should be smoother, more natural and even safer than the previous explicit control stack. Check out the different driving styles to set speed and lane change preferences. Enjoy and let Tesla AI know if you have any feedback.

However, there’s no word for the millions of HW3 vehicle owners.

In fact, the only thing promised to HW3 vehicles, which Tesla now called AI3, in its last roadmap is this:

Improved v12.5.x models for AI3 city driving

As we have often reported this year, Tesla has reached the limits of the HW3 computer and now needs to optimize the code with every release despite still being far from its promise of unsupervised self-driving.

Electrek’s Take

This is annoying cause I could really use end-to-end on my HW3 car. I am on v12.5.4.2 and it has been a regression from v12.5.4.1 for me, especially on highways.

Yesterday, it almost drove me off-road when taking my highway exit, which is always a bit shaky because it is a short exit and FSD often swings itself into it. It’s a bit awkward, and my girlfriend never likes it, so I disengage FSD before taking the exit when she was with me, but this time, she wasn’t, and I had the new update.

It again swung left before going right into the exit, but this time, it went way too far, and I was in the shoulder by the time I took control.

I took this exit hundreds of times with FSD and it’s the first time it did that.

I am starting to think we won’t see much more improvements to FSD with HW3 cars and there’s no retrofit computer in sight.

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

Continue Reading

Trending