News
Volvo throws down the gauntlet, will produce only “electrified” vehicles by 2019
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Volvo plans to only produce cars with an electric motor by 2019, and hopes to have 1 million EVs on the road by 2025.
“This announcement marks the end of the solely combustion engine-powered car,” said Håkan Samuelsson, president and chief executive. “Volvo Cars has stated that it plans to have sold a total of 1 million electrified cars by 2025. When we said it, we meant it.”
Volvo’s announcement is a major stride for the sustainable energy vehicle market, according to a Volvo press release. With the evolution of the electric motor and the decline of the internal combustion engine, Volvo is looking to join the likes of Tesla in developing EVs and changing the world’s transportation.
The company is the “first car company in the world to say that the pure internal combustion engine is going to evolve into the next stage of its development,” said David Ibison, SVP of Corporate Communications, in a press conference Wednesday.
Volvo Cars’ T8 Twin Engine Range, all of which are plug-in hybrids
Volvo plans to roll out five electric models between 2019 and 2021, two of which will be on Volvo’s performance car arm Polestar. These five models will become the car giant’s main product as other ICE models are “phased out,” according to the press release.
The announcement comes as an example of Volvo’s commitment to clean energy and reducing the environmental impact of its vehicles and factories, a goal that aligns with Elon Musk and Tesla’s vision for a sustainable future.
While the company’s optimism for sustainability was apparent Wednesday, there are still several real-world, practical questions that need to be answered when it comes to logistics. A major challenge for EV developers has been integrating its production process to make battery and vehicle production realistic.
“We were skeptical on the cost of batteries and the lack of infrastructure to charge cars. We still believe that plug-in vehicles are very good bridge into the new world,” Samuelsson said when asked about the company’s new direction. “Battery costs have come down and there is also movement in charging infrastructure.”
Some skeptical voices in the industry are saying that the announcements could be the result of Geely — a Chinese automotive manufacturer that invested $11 billion into Volvo — pushing for a product that can compete with Tesla.
“It (Tesla) is a tough competitor,” Samuelsson said. “We are becoming the second automaker to go all electric.”
Tesla fans everywhere will no doubt harp on his words: “second automaker.”
As Volvo joins Jaguar, Chevy and other car companies to be more competitive in the EV market, one can’t help but imagine Elon Musk smiling, his long-term hopes for sustainable energy coming to fruition.
Update 2:05 ET: An earlier version of this article stated that Volvo would produce only EV’s, it is now corrected to reflect Volvo’s plans to produce only “electrified” vehicles, including plug-in hybrids.
Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Brazil Supreme Court orders Elon Musk and X investigation closed
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
