Governors Wind Energy Coalition
As EVs rise, automakers see money in charging Source: By David Ferris, E&E News • Posted: Thursday, July 22, 2021
Automakers say they expect electric vehicle charging to be a money-making service, especially among fleets. Some of the city of Pittsburgh’s fleet of EVs are parked under solar charging panels in this April 18, 2018, photo. Keith Srakocic/AP Photo
Companies and governments want to electrify their fleets of vehicles, but they “ have no idea how difficult it’s going to be,” said Chris Nelder.
From a city’s parking lot full of bland white sedans to a factory’s depot of delivery trucks, the people who manage those fleets are under pressure to go sustainable by going electric, and soon. But it is a different world.
As EVs rise, automakers see money in charging eenews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eenews.net Daily Mail and Mail on Sunday newspapers.
The Depop app on a smartphone. Etsy last month agreed to buy London-based shopping app for $1.62 billion. (Photo: Bloomberg)
Businesses spent $1.74 trillion on mergers and acquisitions involving U.S. companies during the first six months of the year the highest amount in more than four decades as finance chiefs tapped into cheap funding options to acquire technologies, services and other assets.
Such transactions surged in value in the first six months of the year, up from $511.79 billion during the year-ago period and $1.28 trillion in the first six months of 2019, before the pandemic, according to data provider Refinitiv, which began tracking deals in 1980.
Cash-laden companies are on a mergers and acquisitions spree foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.