Electric vehicle (EV) “mania” might be at an end, or, at a minimum, easing down, according to research, as concerns about supply chains, lithium sourcing, inflation, and more affect production capacities while customer demand decelerates globally, as evidenced by industry leader Tesla cutting prices in order to increase sales. In Europe, EV car manufacturers are…
EV ‘Mania’ May Be ‘Over,’ Production Estimates and Executive Enthusiasm Wane as Sustainability Questioned
January 21, 2023
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Tesla Cuts Prices of Model 3, Model Y Vehicles in China for Second Time in Three Months
Tesla drastically cut the prices of its vehicles in China by more than 10 percent on Friday, marking the second time the electric vehicle (EV) maker has done so in less than three months. While announcing prices for its Model S sedans and Model X sports utility vehicles, Tesla revealed that its Model 3 and Model Y…
India Probing 12 EV Makers Over Alleged Misappropriation of Government Subsidies
India has launched a probe into the alleged misappropriation of incentives given under a 100 billion rupee ($1.2 billion) scheme, which was designed to accelerate the adoption of electric vehicles (EVs) in the country. Indian Minister for Heavy Industries Mahendra Nath Pandey told Parliament on Tuesday that the investigation was initiated in response to complaints…
Idaho Cobalt Belt Explored as New Frontier of Ethically Sourced Rare Earth Minerals
December 16, 2022
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Business & MarketscobaltCompaniesDemocratic Republic of Congoeconomyelectric vehicle (EV)EnvironmentInvestmentRegional NewsRegional-Local NewsScienceUSUS News
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An electric battery technology company has expanded its search for domestic cobalt to Idaho. The Toronto-based Electra Battery Materials Corporation announced on Wednesday that it has acquired a 5.3-square-kilometer (just over two-square-mile) land package that will allow for more exploration of cobalt near the company’s current excavation efforts in the Idaho Cobalt Belt (ICB), a…
General Motors Reports Jump in Profits on Strong Sales
October 26, 2022
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General Motors has registered a strong third-quarter 2022 performance, hitting record revenue and double-digit growth in earnings before interest and taxes-adjusted margins. Net income for the quarter ended September 2022 was $3.3 billion, up by $885 million from $2.42 billion in September 2021, financial data from the company show. Revenues were at $41.89 billion, up…
Electric Vehicles ‘Laughable’ Proposition for at Least a Decade: Expert
September 27, 2022
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Business & Marketsdecarbonizationeconomic policieseconomyelectric vehicle (EV)energyGlobal Supply Chain CrisisLithium SupplyRenewable EnergyUSUS News
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Geopolitical strategist Peter Zeihan has dismissed the possibility of electric vehicles (EVs) going mainstream in the next 10 years owing to limitations on materials and unresolved supply chain issues. “The lithium comes from one place, and it’s all processed in China. So, just building the alternate processing infrastructure … and by the way, we have…
Most Americans Remain On Sidelines Regarding Electric Cars
A considerable number of U.S. citizens still do not consider electric vehicles a good, practical choice, according to a recent survey by Rasmussen Reports. “Only 28 percent of American Adults believe electric cars today are practical for most drivers. Fifty-four percent think electric cars aren’t practical, while 18 percent say they’re not sure. Those findings…
Virginia, Washington, Massachusetts Could Follow California’s Gas Car Sales Ban
August 28, 2022
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Following the California Air Resources Board (CARB) adopting rules seeking to restrict the sale of new gas cars in the state, Washington, Massachusetts, and Virginia could implement similar measures. According to CARB’s new rules, zero-emission vehicles (ZEVs) and plug-in hybrids (PHEVs) should make up 35 percent of new cars sold in California beginning 2026. This…
Australian Government to Support Electric Vehicle Market
Australians will have a greater choice of electric vehicles as part of the federal government’s push to encourage more people to take up the low emissions cars. High prices, limited stock and long waitlists have excluded many from the market, but a new national plan could help change that, Climate Change Minister Chris Bowen has…
Will Mass Electric Vehicle Adoption Impact the Power Grid?
July 28, 2022
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In January 2021, the Biden administration announced its plans to transition the United States to 100 percent “clean” electricity by 2035 and to have half of all vehicles sold be zero-emissions vehicles by 2030. One hundred percent clean energy by 2035 is an ambitious goal, and adding a considerable amount of electric vehicles (EV) to…
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