2020 EV Sales Soared to Record Numbers; GM to Freeze ICE Vehicles by 2035

(There is an audio glitch at 1:05 but is only lasts 10 seconds - Sorry)

Saudi Arabia aims to lead in hydrogen exports; GM aspires to produce only electrics by 2035; EV sales notch record gains in 2020; So do global corporate PPAs; BlackRock continues to push on carbon

1) Saudi Arabia plans to be the biggest exporter of hydrogen on earth, starting w/blue hydrogen & moving to green. First blue H2 cargo went to Japan in 9/20.

2) GM announces "aspirational plans" to phase out production of internal combustion vehicles by 2035 and to be carbon neutral by 2040.

3) The IEA's preliminary numbers: 2020 global EV sales soared to over 3 million, w/market share of over 4%, & cumulative 10 million EVs to date. ICE sales fell by 14-15%.

4) BNEF: corporations notched record 23.7 GW of green PPAs in 2020, up 18%, w/130 different cos in mix. U.S. purchases down from 14.1 GW to 11.9 GW, but MENA countries crushed it, going from 2.6 GW to 7.2 GW.

5) BlackRock (almost $8 tn worth of assets under management) CEO Larry Fink comments the reallocation of assets in the sustainable space happening faster than anticipated, w/$228 bn invested in 1st 11 months of 2020, up 90% YOY. Warns, "There's no company whose business model won't be profoundly affected by the transition to a net zero economy."