- Speaking to Newstalk, CEO of Fuels for Ireland Kevin McPartlan is calling on Finance Minister Jack Chambers to postpone the planned increase set for August 1st, as he states that "the price of fuel on international markets is actually so high and the Government tax take is actually higher than it has ever been before. It's at a time when consumers are hard-pressed, businesses are hard-pressed”. https://www.newstalk.com/news/consumers-are-hard-pressed-call-on-government-to-scrap-planned-fuel-excise-hike-1743452
- As reported by the Irish Sun, new Finance Minister Jack Chambers has announced measures included in the Budget to help households with inflation and energy bills. Minister Chambers states that “we want to see the wholesale energy prices passed on to consumers. There has been some progress on that but clearly we need to see more of that over the coming period of weeks and months”. https://www.thesun.ie/money/13370855/energy-credit-budget-2025-tax-social-welfare-jack-chambers/
- The Irish Examiner reports that Tipperary-founded EV fleet management platform, ZeroMission has secured $3m (€2.8m) in funding which will see it embark on an expansive growth strategy across Europe and the US. The company is already providing transit bus operators in California and leading US technology companies operating electric vehicles for employee commuter services. https://www.irishexaminer.com/business/companies/arid-41432971.html
- In a report by RTé, China's electric vehicle giant BYD has announced it will open a factory in Turkey, as the company continues its international expansion. Turkish media reported that the factory would be a $1 billion investment by BYD. https://www.rte.ie/news/business/2024/0708/1458842-chinas-byd-to-open-electric-car-plant-in-turkey/
- GB News has outlined the AA’s recent report in the UK that states that drivers are seeing lower average prices of electric cars due to corporate leases expiring and thousands of former fleet EVs coming onto the second-hand market for the first time. https://www.gbnews.com/lifestyle/cars/electric-car-demand-soars-ditch-petrol-diesel
- According to The Telegraph, Volkswagen is considering its first factory closure in decades after a slump in demand for electric vehicles. The German carmaker could shut its Audi plant in Brussels after it revealed it had reduced its profit margin guidance from 7.5% to as low as 6.5%. https://www.telegraph.co.uk/business/2024/07/10/ftse-100-markets-latest-news-microsoft-quits-chatgpt-board/
- Reported by the BBC, Energy boss Greg Jackson has said people living near wind farms – such as in Scotland - should pay less for their electricity. The founder and chief executive of Octopus said it was "crazy" that the electricity price was the same across the UK. His firm already offers a discount on bills for people living near wind farms, and this has led to lots of local interest in their construction. https://www.bbc.com/news/articles/cj509yg9n3qo
- GB News has outlined the AA’s recent report that states that drivers are seeing lower average prices of electric cars due to corporate leases expiring and thousands of former fleet EVs coming onto the second-hand market for the first time. https://www.gbnews.com/lifestyle/cars/electric-car-demand-soars-ditch-petrol-diesel
- According to The Guardian, energy analysts in Australia have stated that soaring electricity demand from datacentres could strain supplies and contribute to much higher prices, unless tech firms agree to act like aluminium smelters that can power up or down to support the grid. The influence and demand on artificial intelligence is adding to this strain, with major tech companies forced to adapt to emerging technologies. https://www.theguardian.com/australia-news/article/2024/jul/10/ai-datacentres-to-strain-australias-energy-supply-spike-prices-without-change-expert-says
- The New York Times has released an opinion piece from columnist Stanley Reed, suggesting that the UK may not be prepared for the level of clean energy and net zero carbon that they are aiming to achieve, as analysts warn that the Labour Party’s proposals are unlikely to be cheap and could cost jobs in the oil and gas industry. https://www.nytimes.com/2024/07/10/business/britain-green-energy-transition-jobs.html
