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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The top 5 countries with the highest motor tax revenues are: Germany ? United Kingdom ?

Motor 284
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Neo Performance Materials to acquire exploration license for rare earth element project in Greenland

Green Car Congress

The project hosts a mineral deposit that is enriched in neodymium and praseodymium, two essential elements for rare earth permanent magnets used in electric vehicles, wind turbines, and high-efficiency electric motors and pumps that help reduce greenhouse gas emissions. Sarfartoq carbonatite drill cores.

Estonia 195
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Hyundai makes Series B investment in hydrogen and fuel cell catalyst maker Pajarito Powder

Green Car Congress

US-based startup Pajarito Powder has received a Series-B investment from Hyundai Motor Company. The investment is intended to allow Hyundai Motor to expand its portfolio in the value chain of the hydrogen industry and strengthen the establishment of the hydrogen ecosystem. 2021.100052.

Hyundai 186
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Neo Performance Materials and Energy Fuels launching US-European rare earth production initiative

Green Car Congress

Under an agreement in principle, subject to completion of definitive agreements, Colorado-based Energy Fuels will process natural monazite sands into an RE Carbonate beginning in March or April 2021 and ship a portion of that production to Neo’s rare earth separations facility in Sillamäe, Estonia (Silmet).

Energy 186
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Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles 

Electric Vehicles India

Yamaha Motor and Hero Motors Limited have signed an agreement that they will jointly establish a company to manufacture hub-mounted drive units for electric bicycles. The joint venture will see Hero Motors holding the share of 90 per cent stake and Yamaha Motor has 10 per cent. Ampler Bikes raises €7.4M

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More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

Toshihiro Suzuki, President of Suzuki Motor Corp, who was present at the Vibrant Gujarat Summit, said that the Indian automotive market has been expanding steadily to become the third largest automobile market. Tata Motors currently has signed an MoU with the Gujarat government to establish a lithium-ion cell factory.

Green 52
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Molycorp to increase supply of rare earth materials to Hitachi Metals; the two call off US joint venture plans

Green Car Congress

Also, Molycorp and Hitachi Metals are suspending discussions for now on their December 2010 letter of intent to create a joint venture in the US to manufacture neodymium-iron-boron (NdFeB) alloy and permanent magnets made from the alloy. Earlier post.)

Supplies 240