After a very difficult couple of years, the cruise industry seems to finally be steaming ahead. International travel is picking up, and bookings are at, or above, pre-pandemic levels. Carnival, Royal Caribbean and Norwegian are all eyeing a return to profitability this year. But the unfortunate reality is the industry is sailing into a possible recession. Carnival says cumulative advance bookings for the second half of the year are at lower prices compared with 2019 sailings.
Even Exxon Mobil thinks electric vehicles are the future. The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric. Last year, just 9% of all passenger car sales were electric vehicles, including plug-in hybrids. That number is up 109% from 2020.
