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Lobbyists against France short-haul flight ban / United Airlines reports $843M in profit in Q4 / Washington D.C. proposes e-bike rebate

1. Airline industry groups are lobbying for a change in the recently approved French law that would ban short-haul flights in areas with reliable rail connectivity to reduce carbon emissions. The Union of French Airports argues the law is ineffective as it would tackle 0.23% of France's carbon emissions from flights. 

Share your thoughts on Inside.com. 

2. United Airlines reported $843M in profit in Q4, an increase of 31% Yo3Y. Revenue from cargo decreased from $727M in Q4 2021 to $472M in Q4 2022. 

3. Swedish electric boat manufacturer Candela revealed it began sourcing 69-kWh battery packs for its C-8 hydrofoil from EV manufacturer Polestar. Candela's competitor, Navier, is planning to deliver its first vessels this year.

Q. How do you think the electric boat sector will perform in 2023? Share your thoughts.

4. The Washington, D.C., city council is proposing a rebate program for residents to purchase e-bikes from local retailers. The bill includes a rebate for 75% of the e-bike's cost for lower-income individuals.

5. EV battery manufacturer Britishvolt has become insolvent, as its board revealed there are no viable bids to save the company. Britishvolt had plans for a £3.8B (~$4.69B) factory in Blyth, Northumberland, U.K.

6. French Finance Minister Bruno Le Maire reportedly sent a letter to his counterpart in Japan to express support for reorganizing the Nissan-Renault alliance. The negotiations would include the sale of part of Renault's stake in Nissan.

7. Gogoro announced a partnership with auto parts company Belrise Industries to install electric moped battery-swap stations in Maharashtra, India. The companies plan to invest $2.5B in the project over the next eight years.

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Nicolas is a Sr. Analyst at Inside, covering transportation and IT trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. 

Editor

Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

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