Small plane crashes in Austrian Alps, killing all four aboard
A small propeller plane crashed in the Austrian Alps on Saturday, killing all four people on board, authorities said....
China's new energy vehicle (NEV) market saw impressive growth in February, with sales hitting 686,000 units. This increase highlights the country's strong push toward electrification, driven by government incentives, improved infrastructure, and growing consumer demand.
China's new energy vehicle (NEV) market continues its rapid expansion, with sales reaching 686,000 units in February, marking a significant year-on-year increase. This surge reflects the country's strong push toward electrification, bolstered by government incentives, improving infrastructure, and increasing consumer acceptance.
New energy vehicles (NEVs) encompass a broader category of electrified vehicles compared to pure electric vehicles (EVs). NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles (FCEVs), whereas EVs specifically refer to BEVs that operate solely on electric power without an internal combustion engine. The differentiation is critical as it highlights the diverse technological pathways contributing to China's green transportation shift. While EVs have dominated the NEV segment, PHEVs are gaining traction, offering consumers flexibility with their dual powertrain systems.
China's NEV market is experiencing dynamic growth, with a nuanced balance between EVs and other NEV categories. Battery electric vehicles (BEVs) remain the dominant force in the NEV segment, accounting for approximately 75% of total NEV sales in February. Plug-in hybrid electric vehicles (PHEVs) have seen a steady rise, constituting around 23% of NEV sales, driven by consumers who value extended range without reliance on charging infrastructure. Fuel cell vehicles (FCEVs) remain a niche market, with limited adoption due to high costs and infrastructure constraints.
Urban consumers prefer BEVs due to their zero emissions, lower operating costs, and government incentives such as purchase subsidies and registration benefits. PHEVs appeal to consumers in suburban and rural areas where charging infrastructure is less developed, offering the security of a backup gasoline engine. FCEVs are primarily targeted at commercial applications, particularly in logistics and public transport, where hydrogen refueling stations are more strategically located.
Government policies continue to favor BEV adoption with aggressive charging infrastructure expansion and subsidies. PHEVs benefit from relaxed restrictions in regions with slower charging network deployment. Hydrogen fuel cell technology is receiving targeted investments, though its growth remains slow compared to EVs and PHEVs.
With China leading the global shift towards electrified transportation, the NEV sector is expected to sustain its momentum. The government’s commitment to achieving carbon neutrality by 2060 and ongoing investments in battery technology, charging networks, and hydrogen infrastructure will shape the market's trajectory. As NEV sales continue to rise, competition among automakers will intensify, driving innovation and affordability in the sector. While EVs are likely to remain the frontrunners, the role of PHEVs and FCEVs will be instrumental in complementing China's comprehensive electrification strategy.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Microsoft is closing its direct operations in Pakistan after 25 years, shifting to a partner-led model to serve the market.
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
The Bank of England has launched a public consultation on future banknote designs.
Unexpected weakness in Germany's manufacturing orders in May signals ongoing uncertainty in industrial demand, despite a yearly rise and sector-specific gains.
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agree to raise their output this weekend.
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