Dear Sir or Madam,
Those who have been in London in the past few weeks could have made their way from the airport to the city with a black, visually typical London taxi, which glides through the metropolis without emissions and noise. London Taxi is part of the Chinese Geely Group, as is Volvo, which has also announced plans to power all models electrically in the near future.
Now, billionaire and major shareholder of Geely, Li Shufu, is with his company the largest single shareholder in the German automotive group Daimler with a stake of 9.69%. Li Shufu’s main focus is an alliance for autonomous driving and electromobility.
Together with the information that the demand in Germany exceeds the production capacity of the manufacturer of electric vehicles in such a way that one waits six to nine months for a renewed order of a pure electric car, it looks thereafter that finally also in Germany alternative drives after a bumpy start became accepted by the consumer.
Although the Federal Administrative Court has postponed the announcement of its decision on possible driving bans for older diesel cars to tomorrow’s Tuesday, the incumbent federal government is already working on a legal basis for the creation of driving bans for elder diesel cars in German inner cities.
If the expansion of the charging infrastructure also succeeds in the foreseeable future, so that city residents without their own garage can fully exploit the advantages of the electric drive, the share of internal combustion engines will decline significantly in the coming years. Currently, this is not yet noticeable in the global crude oil consumption, which is reflected not least in the renewed rise in prices.
The demand for CO2 emission rights continued to keep prices in the range of just under 10 euros per ton in the past week. The cold weather front in Central and Eastern Europe is expected to increase demand for fossil fuels this week, even though the sun and wind also contribute a good part to the energy mix. From a bullish point of view, it would therefore not be a disadvantage to close this week once, at least on a daily basis, above the 10-euro mark.
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(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)
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With kind regards,
Advantag Services GmbH