US EV Sales Up 79% YoY in Q1 2023 Helped by Tax Credit Subsidy
US passenger electric vehicle* (EV) sales soared over 79% YoY in Q1 2023, according to the latest research from Counterpoint’s USA Passenger Electric Vehicle Model Sales Tracker. This strong growth helped the US surpass Germany to become the world’s second-largest EV market, the largest being…
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…
German Carmakers Warn of Tough EU Talks on Post-Brexit EV Trade
European carmakers have warned that they stand to lose €4.3bn and cut production by almost 500,000 electric vehicles unless Brussels agrees to delay the imposition of tariffs between the EU and the UK. The European Automobile Manufacturers Association (Acea), an…
Cheaper European Electric Cars On The Horizon In Australian Trade Talks
A new trade deal between Australia and the European Union (EU) could result in more affordable electric cars, according to a senior government diplomat. Trade Minister Don Farrell, who is currently in Europe to negotiate a deal with the EU,…
Korea’s Cathode Supplier L&F Aims To Make It Big With Anodes
L&F Co., a former LCD backlight unit maker, has long been a stranger even to locals in Daegu, a provincial city 165 km away from Seoul. Many people still don’t know where the company, now South Korea’s leading battery materials maker,…
Dublin Nets Korean Supplier of Heaters for Electric Vehicles
Dublin is the latest Georgia city to win a commitment from a South Korean automotive supplier looking to participate in the state’s burgeoning electric car sector. Woory Industrial Co. Ltd. is set to invest $18 million and hire 130 people in what will be its first…
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…
EV Prices Likely To Be Slashed In Australia As Part Of EU Trade Talks
The price of high-end electric vehicles could be dramatically reduced for Australian drivers as a result of trade negotiations with the European Union as the federal government mulls slashing the controversial luxury car tax or potentially scrapping it entirely for…
Mid-Michigan Truck Manufactures Invests $16M Into Electric Expansion
A specialty truck manufacturer is making a $16 million expansion into electric trucks with a boost from state dollars for talent recruitment. The Shyft Group, based 25 miles southwest of Lansing in Charlotte, plans to create 680 jobs with the…
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,…
