Douglas A. McIntyre

1 day ago | climatecrisis247.com | Douglas A. McIntyre

According to the IEA’s new Global EV Outlook, EV sales will reach 20 million this year, a quarter of total car and light truck sales worldwide. Global sales rose 35% in the first quarter of the year. The report’s summary of the near-term future is more optimistic than many.

1 day ago | climatecrisis247.com | Douglas A. McIntyre

The Consumer Price Index rose a muted 2.3% in April, which was better than expected. Most items rose in price. The index was pulled down by a sharp drop in the cost of “energy commodities,” primarily gasoline. The price of gas fell 11.8%. It has gotten cheaper for the American driver to drive. Among the benefits of cheaper gas for those who travel is that they can use their cars for less money. One sign of this is that AAA says a record number of people will travel by car over Memorial Day.

1 day ago | 247wallst.com | Douglas A. McIntyre

Technology Google has been the premier search product in the world since 2000, when its market share soared. Its share of global search is close to 90% today. That may be eroded, and the erosion may be fast. Google’s position as the world’s premier search product may be about to end.

1 day ago | 247wallst.com | Douglas A. McIntyre

Apple Inc. (NASDAQ: AAPL) has begun to test brain implants for people with disabilities. An exclusive article in The Wall Street Journal reports, “Apple is embracing the world of brain computer interfaces, unveiling a new technology that one day could revolutionize how humans interact with their devices.” Initially, the focus is on people with spinal cord damage or conditions such as amyotrophic lateral sclerosis (ALS), which is fatal.

1 day ago | climatecrisis247.com | Douglas A. McIntyre

If the future of the car business is EVs, Nissan has given up. With only two EV models in the US, it fired 20,000 people. The move is not totally due to EV problems, but it does indicate that Nissan may have no future at all. Nissan sells the LEAF and ARIYA in America, but it can’t grab any meaningful market share. It has almost no sales in China, the EV capital of the world. Nissan Motor Co. CEO Ivan Espinosa says that the cuts are necessary to make the company financially viable.