In an update to its 2020 study, the Faraday Institution examines the UK EV market and forecasts future demand for battery production. The new report, “UK Electric Vehicle and Battery Production Potential to 2040,” predicts that by 2030, the UK will need around 100 GWh of annual supply to satisfy the demand for batteries for… Read more »
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News flash: EV buyers prefer rebates to tax credits
A new survey has confirmed something that Charged and other EV media have been saying for years: the US federal EV tax credit is about as inefficient a way to encourage EV adoption as could be imagined. Providing a “cash on the hood” rebate instead could have resulted in more EV sales at a lower… Read more »
Could Vietnamese startup VinFast be the next Hyundai?
Vietnamese automaker VinFast, which was founded in 2017, has global ambitions. The company recently raised $4 billion to support market launches in Germany, France, the Netherlands and the US. It has opened 6 stores in California, and is building a $2-billion manufacturing plant in North Carolina. The VinFast VF 8, an electric SUV, is scheduled… Read more »
Will Herbert Diess’s departure damage Volkswagen’s EV strategy?
Volkswagen Group Chief Executive Herbert Diess will leave the company, to be replaced by Porsche Chief Executive and former VW head Oliver Blume, at the start of September. Diess’s departure follows a vote by VW’s supervisory board, which includes representatives of employee organizations and the state of Lower Saxony, the company’s second-largest shareholder. The 20-seat… Read more »
USPS now says half its first order of new delivery vans will be EVs
In the ongoing War of the Postal Service, the EV advocates appear to have won a partial victory over the fossil fuel faction. In 2021, as the USPS made plans to update its ancient fleet of delivery vehicles, Postmaster and Trump supporter Louis DeJoy thumbed his nose at President Biden’s call to electrify the US… Read more »
Eaton joins EU-supported Flow Consortium to develop V2X technology
Power management specialist Eaton has joined a pan-European research project aimed at developing V2X technology. The research will focus on vehicle-to-grid (V2G) and vehicle-to-everything (V2X) capabilities, including work on Eaton’s proprietary Buildings as a Grid energy management system. Supported by the EU’s Horizon Europe Research and Innovation program, the €9.87-million ($10.41-million) project will span four… Read more »
Alternative Fuel Corridor designations facilitate charging network build-out in all 50 states
The DOT’s Federal Highway Administration (FHWA) has announced the latest round of Alternative Fuel Corridor designations. Under the new National Electric Vehicle Infrastructure (NEVI) Formula Program established by President Biden’s Bipartisan Infrastructure Law, funding will be directed to designated EV Alternative Fuel Corridors to serve as the backbone for the national EV charging network. The… Read more »
Volvo Cars to build EV manufacturing plant in Slovakia
Volvo Cars plans to establish its third European manufacturing plant in Slovakia. The new facility, which will build only EVs, will complement the company’s plants in Ghent, Belgium and Torslanda, Sweden. The new facility represents an investment of around 1.2 billion euros. It will be located close to Kosice, in eastern Slovakia, where it will… Read more »
IEA’s Global EV Outlook 2022 is packed with market info
Each year, the International Energy Agency releases a report that assesses the state of the EV market. The latest edition notes that EV sales “powered through 2021 and have remained strong so far in 2022,” but cautions that “ensuring future growth will demand greater efforts to diversify battery manufacturing and critical mineral supplies to reduce… Read more »
Stellantis expands relationship with lithium producer Vulcan Energy
Stellantis has made a new equity investment of €50 million in lithium producer Vulcan Energy Resources, and extended its original binding offtake agreement to 10 years. Vulcan will apply some of the new funding to a planned expansion of production at its Upper Rhine Valley Brine Field. Vulcan is already producing geothermal energy at the… Read more »
