article thumbnail

China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants. They also face difficulties in securing grid connections and selling electricity into China’s power markets based largely on long-term contracts.

Auto 52
article thumbnail

China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants. They also face difficulties in securing grid connections and selling electricity into China’s power markets based largely on long-term contracts.

Auto 52
article thumbnail

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

Auto 52
article thumbnail

Toyota chairman predicts EVs will only reach 30 percent market share

Teslarati

Toyota has long been a proponent of a multi-faceted approach to electrification, touting non-battery-electric technologies like hydrogen fuel cells, hybrids and combustion engines.

Toyota 114
article thumbnail

Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas, for gas-powered cars. Hertz CEO Stephen Scherr flagged elevated costs caused by damages to certain EVs, particularly Teslas, last year at a conference.

Auto 52
article thumbnail

Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

Purchase 321
article thumbnail

Bring Back the EV1 Press Conference

Revenge of the Electric Car

City Council Member, held a press conference demanding General Motors apologize to the American people for destroying the automaker’s EV1 plug-in electric vehicle. This press conference was held at the very same GM facility where the EV1 Vigil took place during February and March 2005. said Holden.

EV1 140