Japan closes Hamaoka nuclear plant
JAPAN - Chubu Electric agreed to close its Hamaoka nuclear plant until it can be better protected against massive tsunamis like the one that battered Tokyo Electric Power's Fukushima plants, triggering a nuclear crisis.
Chubu shut its plant in response to a request by PM Naoto Kan, who cited the region's high quake risk.
Hamaoka delivers power to central Japan, where many factories are based.
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U.S. Electric Vehicle Market Share Dips in Q1 2024
NEW YORK - The U.S. electric vehicle (EV) market, once a beacon of unbridled growth, appears to be experiencing a course correction. Data from the U.S. Energy Information Administration (EIA) reveals that the combined market share of electric vehicles (battery electric vehicles, or BEVs) and hybrids dipped slightly in the first quarter of 2024, marking the first decline since the onset of the COVID-19 pandemic.
This news comes as a surprise to many analysts who predicted continued exponential growth for the EV market. While overall sales of electric vehicles did increase by 7% compared to Q1 2023, this growth wasn't…