The Federal Government’s Policies on Batteries
Battery Manufacturing Advanced Battery Manufacturing Tax Credit: The Inflation Reduction Act of 2022 provides a 30% tax credit for the domestic production of advanced batteries and components. This credit is available for both new and existing facilities, and it is…
Mazda Refuses To Follow Everyone Else’s Electric Vehicle Lead
The race to lead the US electric vehicle (EV) market is on as brands continue to ramp up their EV production. Ford has invested $3.5 billion to build an EV-dedicated plant in Michigan. American EV startup companies Lucid and Rivian are also taking…
Unsold Electric Cars Are Piling Up On Dealer Lots
The auto industry is beginning to crank out more electric vehicles (EVs) to challenge Tesla, but there’s one big problem: not enough buyers. Why it matters: The growing mismatch between EV supply and demand is a sign that even though consumers are showing more…
Toyota Establishes New Role To Accelerate EV Production In North America
On Friday, Toyota Motor North America announced several leadership changes as it inches toward its commitment to electrification. As part of the changes, Toyota is establishing a new “senior vice president of electric vehicle supply” role to lead the automaker’s North American…
Trump Takes Aim At EV Industry During Speech To Michigan Republicans
Former President Trump railed against the electric vehicle industry during a speech to Michigan Republicans on Sunday, warning them that the state’s auto industry is at risk under President Biden. “Biden is a catastrophe for Michigan and his environmental extremism…
US Lawmaker To Re-Introduce Bipartisan Bill To Get EV Industry Into Biofuel Program
A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation’s biofuel blending program. The Biden administration abandoned a similar scheme over concerns that…
Europe Electric Vehicle Battery Market Surges as Automotive Industry Shifts Towards Electrification
A recent study commissioned by European Aluminium and conducted by Ducker Carlisle has found that the average amount of aluminium used in European cars has increased by 18% from 174 kg in 2019 to 205 kg in 2022. The study…
Global Automotive Lithium-Ion Battery Market Report 2023
Global Automotive Lithium-Ion Battery Market size was valued at USD 40.53 billion in 2021 and is poised to grow from USD 48.19 billion in 2022 to USD 228.87 billion by 2030, growing at a CAGR of 18.9% in the forecast…
Rubio Warns of Rapid EV Transition Consequences
The Biden Administration is failing to educate investors and consumers about the risks of its own policy agenda. Many reports have cautioned that a rapid transition to electric vehicles (EV) could have disastrous consequences for America’s transportation infrastructure, electric grid,…
Uber Chief Doubles Down On Europe in Face Of New Tech Rules
The once-rebellious ride-hailing application faces European Union legislation that aims to overhaul its business model, but the company’s chief executive officer is pledging allegiance to the European market, doubling down on the firm’s presence. “The European way is increasingly going…
