VW Sets Out Its Manifesto for An Electric Future

Renault joins Veolia & Solvay in battery recycling effort; Audi to stop R&D on combustion engines; Texas wind farms lose billions in Feb freeze; CA agencies warn renewable investments vastly insufficient to meet 2045 goals; IRENA warns on similar issue globally, w/$131 tn needed to meet 2050 1.5 degree target; SPP hits new renewable mark; VW lays out EV manifesto w/battery cost reduction of 50% & 6 gigafactories

1) Renault Group teams up w/waste & recycling co Veolia & chemical group Solvay, to recycle li-ion batteries.

2) Audi ceases investments in new internal combustion engines; Mercedes as well.

3) Dozens of Texas wind farms lose billions of dollars in February freeze, owing to contract structures obligating deliveries.

4) CA agencies: state behind in necessary investments for decarbonized grid by 2045. Meanwhile, state IOUs push back against net metering.

5) IRENA cites enormous gap to close if world to stay at 1.5°C target by 2050. Investment must increase to estimated $131 trillion by 2050 to avert catastrophic climate change.

6) SPP sets new renewables record (wind) at 81.39% on 3/14.

7) VW's Power Day highlights plan for six 40 GWh battery factories in Europe, w/battery cost cutting goal of 50%.