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Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

Green Car Congress

The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

Green Car Congress

In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

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Magna to supply battery enclosures for Silverado EV

Green Car Congress

Magna has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. Clair to support the fast-growing electric vehicle market ( earlier post ). We have our eye on the future and are proud to play such a critical role in GM’s next generation of electric trucks.

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Wolfspeed to supply SiC devices for future Mercedes-Benz electric vehicle platforms

Green Car Congress

Wolfspeed will be supplying Silicon Carbide devices to power future Mercedes-Benz Electric Vehicle (EV) platforms, enabling greater efficiency in the powertrain. Wolfspeed’s semiconductors will be incorporated into next-generation powertrain systems for several Mercedes-Benz vehicle lines.

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Panasonic invests more in graphite supply for the North American market

Teslarati

The deal with NMG will further solidify Panasonic’s goal to strengthen its EV battery supply chain in North America. Panasonic Energy’s graphite supply deal with NMG starts with an investment of USD$25 million. The deal between Panasonic and Novonix was also for a supply of graphite for electric vehicle (EV) battery production.

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Argonne study finds rare earth supply disruptions can have long-range impacts

Green Car Congress

Disruptions to this supply can have wide-ranging consequences, but the understanding of how those disruptions play out in global markets is limited. Rare earth elements are essential to many emerging technologies, including those that support a clean energy future. China dominates the global rare earths market.

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What does the future hold for the electric vehicle market?

Innovation News Network

Discover more about the current supply and demand forces for oil and what this means for the electric vehicle market. The post What does the future hold for the electric vehicle market? appeared first on Innovation News Network.