All articles tagged with #petrol
Porsche is reversing its plan to make the next-generation 718 Boxster and Cayman electric-only, instead reintroducing petrol engines by adapting the EV platform to accommodate internal combustion engines, as part of a strategic shift to boost production efficiency and meet market demands.
Volkswagen's electric vehicle sales in Europe dropped by 24% in the first quarter of 2024, while petrol vehicle sales increased. Despite the European Parliament's approval of a law banning petrol and diesel car sales from 2035, challenges such as high costs and inadequate charging infrastructure continue to hinder electric vehicle adoption. The World Economic Forum highlights the positive impact of regulations and incentives on electric vehicle uptake, but emphasizes the need for more public fast-charging networks to drive mass market adoption.
Argentina is experiencing a severe fuel shortage, with long lines and empty filling stations, due to domestic refining problems and a lack of dollars for imports. The shortage has caused frustration among drivers and raised concerns ahead of the upcoming presidential election runoff. While there are some signs of improvement, such as limited supplies of certain fuel types, the situation remains challenging. The government has set a low local oil price to combat inflation, but this has affected the economics for firms importing fuel. Oil companies have presented a plan to boost supplies, and the government has threatened to halt crude oil exports if the crisis is not resolved.