TRITIUM SECURES LARGEST ORDER IN COMPANY HISTORY FROM BP
Tritium’s largest order to date will deliver fast chargers across the United States, United Kingdom, Europe, and Australia. BRISBANE, Australia, JANUARY 17, 2023 —Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced that bp has placed the largest ever order from a single customer in Tritium’s history. bp will install the chargers for fleets and the general public in the United States, the United Kingdom, Europe, and Australia as bp expands its EV charging business, bp pulse. “As bp’s EV charging infrastructure grows worldwide, Tritium is a natural choice for this order,” said Richard Bartlett, CEO bp pulse. “Tritium has a global presence and industry-leading DC fast charging technology – we’re looking forward to putting these chargers to work across three continents.” Tritium is supplying the chargers for bp pulse as part of a multi-year contract between the…
Read MoreRETAILERS CALL FOR URGENT CRACKDOWN ON VAPE SALES – Natassia Chrysanthos
Vapes should be sold from behind the counter under the same strict regulations as cigarettes, say the nation’s convenience stores, which argue it is the only way to counter the thriving black market in e-cigarettes . The head of the Australian Association of Convenience Stores, Theo Foukkare, said the current poorly enforced restrictions on vapes had led to unregulated use among children as well as millions of dollars in lost revenue for retailers and the government. The industry group’s submission to a review by the Therapeutic Goods Agency adds to a polarising debate over how best to deal with Australia’s runaway vaping market , after the federal government began consulting late last year on ways to deal with e-cigarette demand from school-aged children. Health groups including the Cancer Council and the Minderoo Foundation have called for a total ban on non-prescription vapes and for stronger action to stop illegal imports…
Read MoreTHE TOP 10 GLOBAL CONSUMER TRENDS FOR 2023
Emotional spending, authentic automation, digital cleansing, gamification and more are on the docket this year. LONDON — Global consumer trends for 2023 include responsible but emotional spending, the role of digitization in purchasing processes, female equality demands and a disruptive Gen Z, according to Euromonitor International’s Top 10 Global Consumer Trends 2023 report. According to Euromonitor, annual inflation is 5.8% globally, and it is expecting a growth of total retail sales by 6.5%. Consumers are expecting to spend $54 trillion dollars this year, and consumers have $64 trillion in disposable income across the globe. “The past few years have been anything but ordinary, and 2023 will be no exception,” said Alison Angus, head of innovation practice at Euromonitor International. “Companies should expect quite divergent behavior as consumers cope with ongoing challenges while getting back in their stride.” The 10 key trends that Euromonitor outlines in its Global Consumer Trends 2023…
Read More10% OF GLOBAL CAR SALES WERE EVS
New car sales declined for many automakers, but EV sales more than doubled, thanks to strong demand from China and Europe. ALEXANDRIA, Va.—Electric vehicles accounted for 10% of global car sales, totaling 7.8 million units, led by strong EV adoption in China and Europe, reports the Wall Street Journal. EV sales in the U.S. still only make up a small fraction of vehicle sales at 5.8%, but in China and Europe, EVswere 19% and 11% of total car sales, respectively. When adding in plug-in hybrid vehicles, the share of electric vehicles sold in Europe rose to 20.3% of the total last year. “Last year, every fourth vehicle we sold in China was a plug-in, and this year it will be every third auto,” Ralf Brandstätter, head of Volkswagen AG’s China business, told reporters. “We haven’t reached the tipping point yet, but we’re expecting to get there between 2025 and 2030.”…
Read More75% OF COMPANIES HAVE UPPED THEIR SUSTAINABILITY EFFORTS
A Deloitte survey finds almost all c-suite leaders have had climate change impact their organizations over the past year. DAVOS, Switzerland—Climate change was a top priority for c-level business leaders amid global uncertainty, according to Deloitte’s 2023 CxO Sustainability Report: Accelerating the Green Transition.When asked to rank the issues most pressing to their organizations, many c-suite leaders (CxOs) rated climate change as a top three issue ahead of seven others, including innovation, competition for talent and supply chain challenges. In fact, only economic outlook ranked slightly higher. Also, 75% of CxOs said their organizations have increased their sustainability investments over the past year, nearly 20% of whom said they’ve increased investments “significantly.” “If there was any doubt that climate change is an enduring part of the business agenda, the increased focus on sustainability by leaders over the past year should put it to rest. In a year of continued uncertainty,…
Read MoreAACS CALLS FOR A COMMON SENSE APPROACH TO VAPING REGULATION
Australia’s booming nicotine vape black market will continue to grow at alarming rates if the Federal Government does not take urgent regulatory action now, the Australian Association of Convenience (AACS) Stores has warned in its submission to the Therapeutic Goods Administration (TGA), “The current policy of prohibition has turned everyday adults into common criminals as they turn to the black market to access nicotine vapes to try and give up smoking.” AACS CEO Theo Foukkare said. Australia is one of the only first-world countries to ban the sale of nicotine vapes, without a prescription. “We’ve heard time and time again from people who can’t find a prescribing GP – and even if they do, they’re mostly unable to get their prescription filled because hardly any chemists stock them for a proven adult smoking cessation tool. Our research shows that only 10% of adult consumers are using the TGA model as…
Read More