Alexandra Chapman

Mar 12, 2025 | fastmarkets.com | Alexandra Chapman

The European Commission published its Automotive Industrial Action Plan (AIAP) on March 4, with weakened targets for 2025 that would allow original equipment manufacturers (OEMs) three years to comply with emissions standards by averaging their approach, inclusive of 2027. Groups such as the European Automobile Manufacturers Association (ACEA) have acknowledged that the plan “holds the promise of some breathing space for car and van makers” in terms of zero-emissions vehicle development.

Jan 9, 2025 | fastmarkets.com | Alexandra Chapman

According to the latest UK government data, petrol and diesel prices stood at 136.39 pence ($1.73) per liter and 142.71 pence per liter respectively on December 16, up by almost 4% and over 5% from 141.51 pence per liter and 150.38 pence per liter on December 18, 2023.

Nov 4, 2024 | fastmarkets.com | Amanda Luhavalja |Bob Lane |Wendy Dulaney |Alexandra Chapman

According to experts, many uncertainties lie ahead for the renewable fuel and feedstocks and electric vehicle (EV) sectors, namely around key policies and what shape they will take should either Democratic candidate Kamala Harris or Republican Donald Trump occupy the Oval Office in January. Sources feel a Harris presidency could hold oil interests to a stricter, more progressive shift away from petroleum and towards renewables, while a Trump election is likely to have more leniency.

Oct 31, 2024 | fastmarkets.com | Alexandra Chapman

The maintenance of the status quo comes despite industry expectations and warnings of a fuel duty hike ahead of the Autumn Budget announcement on Wednesday October 30. “There will be no higher taxes at the petrol pump next year,” Reeves told Parliament in the House of Commons on Wednesday, adding that this measure will come at an annual cost of £3 billion ($3.9 billion) for the UK.

Oct 24, 2024 | fastmarkets.com | Alexandra Chapman

The European Commission this week pledged €4.8 billion of emissions trading revenues to fund new net zero projects, including those for transport, which will benefit the maritime industry in particular. The Commission has selected 85 net zero projects with a cleantech manufacturing focus to receive the grants from the Innovation Fund, which takes the total amount of support from the Commission’s Innovation fund to €12 billion, it said on Wednesday October 23.