Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
All new cars sold in Europe will be electric within less than two decades, driven by government support, falling battery costs and economies of scale, a Dutch bank has predicted, according to the Guardian.
However, ING warned that with battery-powered vehicles accounting for 100% of registrations in 2035 across the continent, European carmakers would lose out to their rivals in the US and Asia who already lead on battery production.
The forecast is much more aggressive than most other projections, such as the UK’s National Grid which on Thursday said it expects 90% of new cars in Britain to be electric by 2050.
France’s commitment last week to banning new petrol and diesel car sales by 2040 suggests it also thinks the roll-out of electric vehicles will be slower than ING’s report expects.
However, the bank said that it believed pure electric cars would “become the rational choice for motorists in Europe” sometime between 2017 and 2024, as their car showroom prices fall, their ranges increase and charging infrastructure becomes more widespread.
By 2024, the report’s authors forecast that in Germany the cost of ownership for an electric car – including buying and fuelling it – would be the same as a conventional petrol or diesel model.
Eventually, by the end of the next decade, carmakers will begin focusing solely on electric models, the report said. Swedish firm Volvo recently marked the beginning of this trend, saying it would only launch hybrid, plug-in hybrid or 100% electric cars from 2019.
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Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
In anticipation of the forthcoming adoption of regulations on packaging and packaging waste, the Association Polymers is spearheading a critical discussion on the pivotal role of recycling
As the night progresses, Western Bulgaria will see an increase in cloud cover, with light rainfall expected in some areas, particularly after midnight
Burgas is gearing up to offer its citizens and visitors a new mode of transportation to navigate its streets and discover its hidden gems
Overnight, rain is expected in various parts of Western and Central Bulgaria, extending to South-Eastern Bulgaria after midnight
On Monday, temperatures hovered around 10°C in Sofia, albeit feeling chillier due to brisk winds, as noted by Prof. Rachev on BTV
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