As the world moves towards a greener future, solar-powered electric vehicles (EVs) are becoming increasingly popular. With companies like Sunrun reporting impressive financial results and the California Air Resources Board pushing for decarbonization, the potential for solar-powered EVs is massive.
Sunrun’s Impressive Growth and the Future of Solar Energy
Sunrun, a leading solar energy company, has reported strong Q1 2023 financial results, with a solar energy capacity installed of 240 MW and a Net Subscriber Value of $12,000. Sales activities have grown over 30% YoY in Q1, with over 80% growth in California. The company has installed over 58,000 solar and storage systems nationwide, indicating a bright future for the solar industry.
California’s Push for Decarbonization
The California Air Resources Board has approved an Advanced Clean Fleets rule, aiming to convert the state’s 1.8 million commercial trucks to emissions-free vehicles over the next two decades. This ambitious plan faces challenges, as most truck fleet operators in California aren’t ready for this massive shift, and electric trucks and charging infrastructure remain costly and in short supply.
New York’s Bold Move to Ban Fossil Fuels in New Buildings
New York has become the first US state to ban gas and other fossil fuels in most new buildings, approving a $229 billion state budget that will prohibit natural gas hookups and other fossil fuels in most new homes and other construction. The law effectively requires all-electric heating and cooking in new buildings shorter than seven stories by 2026, and in 2029 for taller buildings.
Sustainable Logistics in Africa: A Key Conduit for Trade
With Africa’s economy projected to be around $2.7 trillion in nominal terms in 2021, sustainable logistics is seen as a key conduit for trade in the continent. As more countries aim to become Net Zero by 2050, the adoption of sustainable logistics and supply chains is crucial, especially in Africa, where climate change and environmental challenges such as deforestation, desertification, and soil degradation are prevalent.
