How fast that revolution will unfold is the source of much dispute and uncertainty. And it matters a great deal to oil demand, electricity demand, greenhouse gas emissions, air pollution, and global trade flows. In many ways, questions around EVs parallel questions around renewable energy. They have both been consistently underestimated. If they continue beating expectations, revolution is nigh. But there’s also a lot of hype, wildly conflicting projections, and plenty of ris

Up to 25 percent of cars may soon be fully electric, says Mercedes-Benz USA CEO after automaker invests $1 billion in electric vehicle production. Mercedes-Benz USA CEO Jason Hoff told CNBC on Friday that the automaker's midterm predictions show that up to 25 percent of cars may soon be fully electric. "Some of the midterm horizons that we look at show maybe 15 to 25 percent [of cars] being full electric," the CEO told "Closing Bell." "That's why we believe it's really critic

AI is not just for driverless cars, digital assistants, or movie recommendations anymore; in multiple industries, it’s a wave about to break. According to a recent McKinsey Global Institute studysurveying 3,000 “AI-aware” companies around the globe, only 20 percent are using AI-related technologies in a core part of the business, but the majority expect to ramp up AI spending in the next three years. Other studies yield similar results. In an Infosys-funded survey of 1,600 bu